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| Investments in Iran |
| Bill #: AB 221 |
Author: Anderson |
| Version: Chaptered (Chapter 671, Statutes of 2007) |
Sponsor: Author |
| Location: Signed by Governor |
Board Position: Oppose unless amended |
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Bill Text/Status |
| Summary:
Prohibits CalSTRS and the California Public Employees Retirement System from investing in companies
with business operations in Iran and requires each pension system to sell or transfer any investments
in a company with business operations in Iran. When the U.S. repeals its sanctions against Iran, the
pension Boards shall notify the Secretary of State, and the prohibitions and requirements in this bill
will be repealed. |
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