The backlash against the Obama administration's policy requiring church-affiliated organizations to...
House bill allows states to get rid of investments in firms involved in Iran's energy sector
WASHINGTON — The House on Wednesday sent a message to Iran that pursuit of nuclear capability will not go unpunished, approving legislation that allows state and local governments to curtail investments in international corporations doing business in Iran's energy sector.
The legislation also protects from shareholder lawsuits those investment managers who divest funds from companies that are involved in Iran's energy sector or have provided equipment for the transport of oil or liquefied natural gas from Iran.
The bill passed the House 414-6 and now goes to the Senate...
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