AB 221 (Anderson) – Investments in Iran

Assembly Bill

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the pension boards notify the Secretary of State, and provides the prohibitions and requirements in this bill will be repealed.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

CalSTRS Analysis:

Amended 04/17/2007

Amended 07/18/2007

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