NJ moves closer to barring Iran investments

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.