California to Divest Iran Investments
The Associated Press is reporting that insurance companies that do business in California are being asked to withdraw any of their finances currently invested in Iran. A probe conducted by California’s Insurance Commissioner Steve Poizner has revealed that insurance companies in the state have $12 billion invested in Iran. Poizner has said that he is […]
House Passes Iran Divestment Bill
The House of Representatives today approved a bill that permits state and local governments to divest any public funds from companies that do more than $20 million a year in business with Iran’s energy sector. The bill, known as the Iran Sanctions Enabling Act of 2009, passed by a vote of 414 – 6. Supporters […]