[Jewish Journal of Greater Los Angeles] Karmel Melamed - Fourteen national and state Jewish organizations and dozens of Iranian Muslim groups opposed to Iran's regime have found common ground in support of California Assembly Bill 221, which would require state pension funds to divest an estimated $24 billion in investments from more than 280 companies doing business with Iran. The bill's author, Assemblyman Joel Anderson (R-El Cajon), said he was shocked to discover state funds were indirectly benefiting Iran's regime. National Jewish organizations in support of AB 221 include AIPAC and the Jewish Council for Public Affairs. AB 221 was unanimously approved by the Judiciary Committee on April 24 and is expected to move to the Appropriations Committee on May 11. Anderson anticipates AB 221 could become law since it has received bipartisan support.
2007-04-27 01:00:00Full ArticleBACK Visit the Daily Alert Archive