During the opening of the 235th Legislative Session this week in Albany, I voted in support of the Iran Divestment Act of 2012, which allows state and local governments to deny assets and prohibit companies that either invest or provide credit in the Iranian energy sector from bidding on state or local contracts. It also would require the Office of General Services to develop a list of companies that invest over $20 million in Iranís energy sector.
Currently, New York is among the 18 states as well as the District of Columbia that have laws prohibiting companies that invest in Iranís energy sector. By blocking companies from bidding for state and local contracts, we are sending a message that any support of Iran will not be tolerated.
This legislation was an opportunity to take a firm stance against Iranís policy on nuclear weapons. Iranís ability to develop a nuclear weapon directly threatens the United States and the safety of our allies in the Middle East. The passage of this legislation ensures that the state will end any and all partnership with companies that could jeopardize global security. I applaud my colleagues for joining me in passing this legislation, and for standing together against Iranís nuclear development. This legislation sends a clear message throughout the world that New York will not sponsor governments that foster terrorist activity.