Disinvestment from Iran
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Disinvestment from Iran is a campaign primarily in the United States that aims to encourage
disinvestment Disinvestment refers to the use of a concerted economic boycott to pressure a government, industry, or company towards a change in policy, or in the case of governments, even regime change. The term was first used in the 1980s, most commonly in ...
from the state of
Iran Iran, officially the Islamic Republic of Iran, and also called Persia, is a country located in Western Asia. It is bordered by Iraq and Turkey to the west, by Azerbaijan and Armenia to the northwest, by the Caspian Sea and Turkmeni ...
.


Legislation


Federal

The Iran Sanctions Enabling Act (H.R. 1327) was introduced in
US Congress The United States Congress is the legislature of the federal government of the United States. It is bicameral, composed of a lower body, the House of Representatives, and an upper body, the Senate. It meets in the U.S. Capitol in Washin ...
by Reps.
Barney Frank Barnett Frank (born March 31, 1940) is a former American politician. He served as a member of the U.S. House of Representatives from Massachusetts from 1981 to 2013. A Democrat, Frank served as chairman of the House Financial Services Committ ...
(D-MA) and
Mark Kirk Mark Steven Kirk (born September 15, 1959) is a retired American politician and attorney who served as a United States senator from Illinois from 2010 to 2017, and as the United States representative for Illinois's 10th congressional district fr ...
(R-IL). It passed 414–6. The legislation aims to protects fund managers who divest from such companies from potential lawsuits, thereby facilitating state efforts to divest from the Islamist regime.


Support

The Israeli newspaper Haaretz describes the origin of the efforts in 2007:U.S. campaign calls for major divestment from Iran
Haaretz ''Haaretz'' ( , originally ''Ḥadshot Haaretz'' – , ) is an Israeli newspaper. It was founded in 1918, making it the longest running newspaper currently in print in Israel, and is now published in both Hebrew and English in the Berliner ...
, 2007-03-13
Various Israeli sources and the pro-Israel lobby, the
American Israel Public Affairs Committee The American Israel Public Affairs Committee (AIPAC ) is a lobbying group that advocates pro-Israel policies to the legislative and executive branches of the United States. One of several pro-Israel lobbying organizations in the United Stat ...
(AIPAC), are also contributing to the efforts, particularly through specific legislation in various American states where pension funds hold stock in firms invested in Iran.
According to the Jewish Telegraphic Agency, the AIPAC has made the campaign for disinvestment from Iran a major policy goal for 2009.AIPAC policy conference to push Iran bills
Jewish Telegraphic Agency The Jewish Telegraphic Agency (JTA) is an international news agency and wire service, founded in 1917, serving Jewish community newspapers and media around the world as well as non-Jewish press, with about 70 syndication clients listed on its we ...
. 2009-04-27 The JTA wrote that the H.R. 1327 disinvestment bill is "strongly backed by AIPAC" and its introduction to Congress during the yearly AIPAC conference was "no coincidence" because "having 6,000 conference-goers press for their passage next Tuesday uring the AIPAC conferenceis bound to give them a turbo boost."


See also

*
Disinvestment from South Africa Disinvestment (or divestment) from South Africa was first advocated in the 1960s, in protest against South Africa's system of apartheid, but was not implemented on a significant scale until the mid-1980s. The disinvestment campaign, after bein ...
*
Disinvestment from Israel Disinvestment from Israel is a campaign conducted by religious and political entities which aims to use disinvestment to pressure the government of Israel to put "an end to the Israeli occupation of Palestinian territories captured during the 1967 ...


References

{{DEFAULTSORT:Disinvestment From Iran Disinvestment International sanctions Iran–United States relations Boycotts of countries Sanctions against Iran