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Iran Divestment by State as of August 2010

12:48 PM Jul 13, 2010

State-by-State Iran Divestment Legislation

Mandated by law:

•   Arizona – May 2008
•    California – October 2007
•    Florida – June 2007
•    Georgia – May 2008
•    Illinois – September 2008
•    Indiana – May 2009
•    Louisiana – July 2007
•    Maryland – May 2008
•    Massachusetts – August 2010
•    Minnesota – May 2009
•    Michigan - July 2008
•    Nevada – June 2008
•    New Jersey – January 2009
•    Pennsylvania – July 2010
•    South Dakota – March 2010
•    Utah – Marc 2009
•    Washington DC – March 2009

States that have adopted Iran divestment policies:


•    Colorado – January 2009: Public Employees' Retirement Association (PERA) voted to divest itself of investments in companies that have invested at least $20 million in Iran's energy sector.
•    Missouri – June 2006: Missouri State Treasurer Sarah Steelman ordered the Missouri Investment Trust to divest stock in companies that do business in Iran.
•    New York – November 2007:  New York State Comptroller, Thomas DiNapoli reviewed the state pension fund’s holdings in companies doing business with Iran’s energy and defense sectors with a view to prevent future investments in and divest from those companies that continue their work with the Islamic Republic.
•    Ohio – June 2007: Legislation (HB 151) was put in holding pattern and replaced with deal for very limited voluntary divestment from some companies in Iran's energy sector.
•    Texas – September 2008: Gov. Rick Perry sent a letter to officials of the ERS and the $111 billion Texas Teacher Retirement System, Austin, asking them to divest all stocks of companies doing business with Iran.
•    Washington State – March 2008: The Washington State Investment Board staff shall engage any company doing business with Iran’s energy sector, urging it to suspend or curtail such operations.

States that have divested public funds from Scrutinized Companies:

•    Florida ($1.8 billion)
•    Georgia ($575 million)
•    New York ($167 million)
•    Illinois ($112 million)
•    Missouri (approx $100 million)
•    South Dakota ($54 million)

States considering new Iran divestment legislation or policies in 2010:

•    California
•    Colorado
•    Mississippi
•    New York
•    Utah
•    Vermont
•    Virginia
•    Washington

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