AB 221 (Anderson) – Investments in Iran
Prohibits CalSTRS and CalPERS 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. Requires, when the U.S. repeals its sanctions against Iran, the pension boards notify the Secretary of State, and provides the prohibitions and requirements in this bill will be repealed.
- Version: Chaptered (Chapter 671, Statutes of 2007)
- Sponsor: Author
- Location: Signed by Governor
- Board Position: Oppose unless amended
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