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State Certification

Iran Business Certification Act | State Certification | SEC Disclosure | Divestment Tracker

State Legislation – Contracting, Banking, Insurance, and Authorization

Click on the map to learn which states have passed legislation to ensure that taxpayer funds do not go to companies doing business with Iran. If your state has not yet introduced Iran contracting legislation, please click here to easily send a message to your governor and state representatives to pass such legislation.

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Companies and financial institutions that wish to continue “business as usual” in Iran should be barred from doing business in U.S. states and receiving U.S. state government contracts. The prospect of debarment is one of the most effective ways to compel corporations to end their Iran business. Collectively, state governments offer billions of dollars in contracts every year. No responsible and profit-driven company would jeopardize millions if not billions of dollars of government contracts by continuing to do business in Iran.

Contracting Legislation
In July 2011, UANI launched unprecedented Iran contracting legislation for adoption and presented it to legislative leadership in all U.S. states. California, Florida, New York, Indiana, Maryland, New Jersey and Michigan have subsequently passed legislation that precludes all public entities from renewing or entering into contracts with companies invested in sensitive sectors of Iran’s economy. Other states throughout the nation are set to adopt similar measures.

Banking Legislation
UANI also supports efforts by the U.S. states to compel banks, insurance companies, and other financial institutions to divest themselves of all Iran business. U.S. financial institutions and insurance companies are regulated by the respective states in which they are licensed. The Iran Banking Certification Act of Florida gives the state authority to mandate that all state-chartered banks certify that their corresponding banks are not engaged in proscribed activities with Iranian linked financial institutions.

Insurance Legislation
States can also take action to require that insurance companies licensed by the State Insurance Commissioner will not hold stocks in or bonds of any foreign company actively engaged and invested in the Iranian energy sector, or any aspect of developing Iran’s military or nuclear programs. The sentiment behind these measures is clear: banks and insurance companies with ties to the Iranian regime should not have access to U.S. states financial markets and/or U.S. financial institutions.

State Authorization Legislation
Overall, states and local communities are inspired to take meaningful action to prevent a nuclear-armed Iran. UANI has therefore proposed model legislation, for adoption by the federal government that would explicitly authorize a state or local governments to adopt and enforce measures to economically isolate the Iranian regime. Specifically, states would be authorized to determine how their funds or assets are allocated to entities with Iran business activities, and be given authority to support and further U.S. national policy on sanctioning Iran as memorialized in federal Iran sanctions law.

Ultimately, all corporations must choose between the Iranian regime and American taxpayers.

UANI Model Legislation

State Contracting Legislation

Enacted laws

Pending bills

State Banking Legislation

State Insurance Legislation

Press Releases

Earned Media

Letters

  • UANI's July 14, 2011 Letters to All 50 U.S. Governors and Majority and Minority State Congressional Leaders, Urging Them to Pass State Certification Legislation

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