Legislature bans investment in Iran

BY DI STAFF | APRIL 06, 2011 7:20 AM

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The Iowa Senate has passed a bill that would prohibit state entities from investing public funds in companies with business operations in Iran.

It would include the state treasurer, state Board of Regents, and public-safety officers.

The bill requires each entity to develop and maintain a list of companies with active and inactive business operations in Iran the fund has holdings in or might invest in future.

In 2007, legislators prohibited state funds from being invested in some companies doing business in Sudan.

— by Regina Zilbermints

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