[Congressional Quarterly] Two bills dealing with Iran and a third aimed at Sudan are being considered this week by the U.S. House of Representatives. The first Iran bill (HR 2347) would promote divestment from firms with more than $20 million invested in Iran's energy industry. The bill would shield investment and pension managers from lawsuits contending that divestiture would lower a fund's returns. The second (HR 957) would expand the definition of those subject to sanctions for making investments that increase Iran's ability to develop its petroleum resources. The new definition adds financial institutions, insurers, underwriters, guarantors, and any other business organizations, including any foreign subsidiaries, to the list of entities already barred from investing in Iran.
2007-07-31 01:00:00Full ArticleBACK Visit the Daily Alert Archive