McDonough: Bill Will Strengthen Global Security

January 10, 2012
Assemblyman Dave McDonough (R,C,I-Merrick) recently responded to his vote in support of legislation that would ensure New York does not invest taxpayer dollars in companies that do business with Iran and could enhance Iran’s energy sector and promote its nuclear weapons program.

“This legislation defends our nation’s borders and protects our allies in the Middle East by divesting public funds from being invested in Iran’s dangerous energy sector,” said McDonough. “Iran and its terrorist-sponsored groups continue to work toward building a dangerous nuclear arsenal that threatens America’s interests in the Gulf and our ally Israel. The passing of this critical legislation ensures New York State will sever ties with companies that could potentially threaten global security. I applaud my colleagues for joining me in passing this legislation and for standing together to condemn terrorist-sponsored governments like Iran.”

Known as the Iran Divestment Act of 2012, this legislation would require the Office of General Services to develop a list of companies that invest over $20 million in Iran’s energy sector. New York State would then cut ties with these companies that pad Iran’s energy sector.