NJ moves closer to barring Iran investments

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June 22, 2007 01:22

 
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New Jersey moved closer Thursday to barring state pension funds from investing in companies doing business in Iran. The Assembly voted 78-1 to approve the legislation. The Senate still has not considered the bill. Democratic Assemblyman Neil Cohen, a bill sponsor, said that the legislation is prompted by Iran's threats to Israel. "Divesting our finances from entities associated with Iran will send a clear message in the universal language of money that New Jersey will have no part in Iran's pursuit of actions that would lead to Holocaust-like genocide and the complete destruction of a sovereign nation," he said.

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