Under the House-passed Iran Sanction Enabling Act, state and local governments could divest from any company involved with Iran’s energy business, including its petroleum, natural gas industries and its nuclear businesses. B’nai B’rith International has issued the following statement:
B’nai B’rith International commends the House of Representatives for passing legislation that would allow state and local governments to stop doing business with Iran’s energy sector. The overwhelming vote, 414-6, demonstrates how seriously Congress takes the threat of Iran’s nuclear industry. Iran continues to boldly defy U.N. Security Council resolutions as Tehran pursues its uranium enrichment program.
By encouraging pension plans to divest from companies that do business with Iran, the House is sending a clear signal that outside financial support for Iran’s energy sector must end.
B’nai B’rith encourages the Senate to vote quickly on similar legislation so the full Congress can present a bill to President Obama for his signature.
B’nai B’rith also urges Congress to pass the Iran Refined Petroleum Sanctions Act, which would impose penalties on foreign companies that sell gasoline or other refined petroleum products to Iran.
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