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[Philadelphia Inquirer] Senators Bob Casey (D-Pa.) and Sam Brownback (R-Kans.) - The Iranian regime has spent years lying about its nuclear program, sponsoring terrorism, and oppressing its own citizens. Whatever one thinks about the prospects of diplomacy, it's time for tougher measures to constrain the regime's ability to acquire weapons of mass destruction before it's too late. One promising approach is targeted divestment from Iran's energy sector. 18 states have passed legislation divesting state pension funds from companies that invest in Iran's energy sector. We introduced the Iran Sanctions Enabling Act in the Senate in May. This bipartisan bill, which has 34 cosponsors, would grant federal authority and provide guidelines for states to divest from Iran's energy sector. It would also provide a safe harbor for fund managers to carry out divestment without fear of being sued. In the previous Congress, then-Sen. Barack Obama joined us in introducing similar legislation. 2009-10-14 06:00:00Full Article
Getting Tougher on Iran
[Philadelphia Inquirer] Senators Bob Casey (D-Pa.) and Sam Brownback (R-Kans.) - The Iranian regime has spent years lying about its nuclear program, sponsoring terrorism, and oppressing its own citizens. Whatever one thinks about the prospects of diplomacy, it's time for tougher measures to constrain the regime's ability to acquire weapons of mass destruction before it's too late. One promising approach is targeted divestment from Iran's energy sector. 18 states have passed legislation divesting state pension funds from companies that invest in Iran's energy sector. We introduced the Iran Sanctions Enabling Act in the Senate in May. This bipartisan bill, which has 34 cosponsors, would grant federal authority and provide guidelines for states to divest from Iran's energy sector. It would also provide a safe harbor for fund managers to carry out divestment without fear of being sued. In the previous Congress, then-Sen. Barack Obama joined us in introducing similar legislation. 2009-10-14 06:00:00Full Article
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