In Case You Missed It: "New York Legislature Passes Iran Sanctions Bill"

In Case You Missed It:  "New York Legislature Passes Iran Sanctions Bill"

New York Legislature Passes Iran Sanctions Bill

By Samuel Rubenfeld

The Wall Street Journal

January 9, 2012

To watch video of Assembly Speaker Sheldon Silver's Monday press conference, clickhere.

Both houses of the New York State legislature passed a bill on Monday barring companies that do business with Iran's energy sector from signing contracts with the state.

The state bill, which was authorized under federal legislation passed in 2010, requires New York's Office of General Services to identify people or entities that invest more than $20 million in goods, services or credit in the Iranian energy sector, and those found doing so would be banned from entering or renewing contracts with state and local governments.

"The announcement this weekend of the launch of a second major uranium enrichment site is further proof that Iran is a known sponsor of international terrorism," said Assembly Speaker Sheldon Silver in a statement. "Companies that invest in Iran's energy sector only provide greater resources to advance further acts of terror." ...

... United Against Nuclear Iran, an activist group, praised the vote in the New York legislature, and encouraged more states to take up a model bill the group wrote that imposes sanctions under the 2010 legislation.

"Three of America's four biggest states have now taken strong, meaningful stands against the [Iranian] regime, and UANI will continue working with lawmakers in other states to pass more contract debarment laws," said Mark D. Wallace, the president of the group, in a statement.

Click here to read the full article.

Click here to watch excerpts from Speaker Silver's press conference yesterday.

Click here to visit UANI's model legislation home page.

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