CRP Blog

Wednesday, June 6, 2007

Asm. Anderson's Iran Divestment Bill Passes Unanimously

From the office of Assemblyman Joel Anderson (R):

Yesterday, the California State Assembly unanimously passed Assemblyman Joel Anderson’s (R-El Cajon) Assembly Bill 221 to divest California’s public retirement funds from key foreign businesses that invest in Iran.

“I am gratified by my colleagues’ strong bi-partisan support for this legislation, which will end California taxpayers’ investment in key foreign companies that invest in the Islamic Republic of Iran,” said Anderson.

Democrat Majority Whip Fiona Ma, a primary co-author of AB 221, said, “When CalPERS and CalSTRS invest State retirement funds in Iran, they put these investments at risk.”

“California’s taxpayers should not be investing in a country which funds terrorism,” said Anderson. “Money is the mother’s milk of terrorism.”

Congratulations to Assemblyman Anderson for his leadership, and securing unanimous support for this important bill.

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