New Jersey aims to ban Iran investments

By
December 18, 2007 01:20

 
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New Jersey on Monday moved closer to becoming one of the few US states to prohibit state pension money from being invested in companies doing business in Iran. The move is meant to protest Iran's links to terrorism and its nuclear ambitions. Most American companies are barred from doing business in Iran but the state Senate voted 34-0 to restrict the state from buying stock in international companies that do business there. The Assembly voted 78-1 in June to approve the measure.

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