senate Bill S5917A

Signed By Governor
2011-2012 Legislative Session

Relates to enacting the Iran divestment act of 2012

download bill text pdf

Sponsored By

Archive: Last Bill Status Via A8668 - Signed by Governor


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed by Governor

do you support this legislation?

You must fill out the form below in order to support or oppose this bill. X

You must login or fill out the fields below for the senator to have an accurate account of the support or opposition to this bill.

Your valid home address is used to determine which NY State Senator Represents you.
Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.
Use this box to enter a message to your senator.

Actions

view actions (13)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 13, 2012 signed chap.1
Jan 11, 2012 delivered to governor
Jan 09, 2012 returned to assembly
passed senate
3rd reading cal.8
substituted for s5917a
Jan 09, 2012 substituted by a8668a
ordered to third reading cal.8
reported and committed to rules
Jan 04, 2012 print number 5917a
amend and recommit to finance
referred to finance
Nov 04, 2011 referred to finance

Votes

view votes

Jan 9, 2012 - Finance committee Vote

S5917A
34
0
committee
34
Aye
0
Nay
1
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Finance committee vote details

Jan 9, 2012 - Rules committee Vote

S5917A
23
1
committee
23
Aye
1
Nay
0
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Rules committee vote details

Co-Sponsors

view additional co-sponsors

S5917 - Details

See Assembly Version of this Bill:
A8668A
Law Section:
State Finance Law
Laws Affected:
Add §165-a, St Fin L; add §103-g, Gen Muni L

S5917 - Summary

Enacts the Iran divestment act of 2012 to prevent public investment in companies operating in Iran's energy sector with investments that have the result of directly or indirectly supporting the efforts of the Government of Iran to achieve nuclear weapons capability.

S5917 - Sponsor Memo

S5917 - Bill Text download pdf

                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  5917

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                            November 4, 2011
                               ___________

Introduced  by  Sens. SKELOS, ALESI, BALL, BONACIC, DeFRANCISCO, FARLEY,
  FLANAGAN, FUSCHILLO, GALLIVAN, GOLDEN, GRIFFO, GRISANTI, HANNON, JOHN-
  SON, LANZA, LARKIN,  LAVALLE,  LIBOUS,  LITTLE,  MARCELLINO,  MARTINS,
  MAZIARZ,  McDONALD,  NOZZOLIO,  O'MARA,  RANZENHOFER, RITCHIE, ROBACH,
  SALAND, SEWARD, YOUNG, ZELDIN -- read twice and ordered  printed,  and
  when printed to be committed to the Committee on Finance

AN  ACT to amend the state finance law and the general municipal law, in
  relation to enacting the Iran divestment act of 2012

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  This  act  shall  be  known and may be cited as the "Iran
Divestment Act of 2012".
  S 2. The legislature hereby finds and declares all of the following:
  (a) In imposing United States sanctions  on  Iran,  Congress  and  the
President  have  determined  that  the illicit nuclear activities of the
Government of Iran, combined  with  its  development  of  unconventional
weapons and ballistic missiles, and its support of international terror-
ism,  represent  a  serious threat to the security of the United States,
Israel, and other United States allies in Europe, the Middle  East,  and
around the world.
  (b)  The  International  Atomic  Energy  Agency  has repeatedly called
attention to Iran's unlawful nuclear activities, and, as a  result,  the
United  Nations  Security  Council  has  adopted  a  range  of sanctions
designed to encourage the government of Iran to cease  those  activities
and  comply  with its obligations under the Treaty on the Non-Prolifera-
tion of Nuclear Weapons (commonly known as the  "Nuclear  Non-Prolifera-
tion Treaty").
  (c)  On  July  1,  2010,  President  Barack Obama signed into law H.R.
2194, the "Comprehensive Iran Sanctions, Accountability, and  Divestment
Act of 2010" (Public Law 111-195), which expressly authorizes states and
local  governments to prevent investment in, including prohibiting entry

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD13338-07-1

Co-Sponsors

view additional co-sponsors

S5917A (ACTIVE) - Details

See Assembly Version of this Bill:
A8668A
Law Section:
State Finance Law
Laws Affected:
Add §165-a, St Fin L; add §103-g, Gen Muni L

S5917A (ACTIVE) - Summary

Enacts the Iran divestment act of 2012 to prevent public investment in companies operating in Iran's energy sector with investments that have the result of directly or indirectly supporting the efforts of the Government of Iran to achieve nuclear weapons capability.

S5917A (ACTIVE) - Sponsor Memo

S5917A (ACTIVE) - Bill Text download pdf

                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 5917--A

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                            November 4, 2011
                               ___________

Introduced  by  Sens. SKELOS, ALESI, BALL, BONACIC, DeFRANCISCO, FARLEY,
  FLANAGAN, FUSCHILLO, GALLIVAN, GOLDEN, GRIFFO, GRISANTI, HANNON, JOHN-
  SON, LANZA, LARKIN,  LAVALLE,  LIBOUS,  LITTLE,  MARCELLINO,  MARTINS,
  MAZIARZ,  McDONALD,  NOZZOLIO,  O'MARA,  RANZENHOFER, RITCHIE, ROBACH,
  SALAND, SEWARD, YOUNG, ZELDIN, CARLUCCI, OPPENHEIMER -- read twice and
  ordered printed, and when printed to be committed to the Committee  on
  Finance  --  committee  discharged, bill amended, ordered reprinted as
  amended and recommitted to said committee

AN ACT to amend the state finance law and the general municipal law,  in
  relation to enacting the Iran divestment act of 2012

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. This act shall be known and  may  be  cited  as  the  "Iran
Divestment Act of 2012".
  S 2. The legislature hereby finds and declares all of the following:
  (a) Congress and the President have determined that the illicit nucle-
ar  activities  of the Government of Iran, combined with its development
of unconventional weapons and ballistic missiles,  and  its  support  of
international  terrorism,  represent a serious threat to the security of
the United States, Israel, and other United States allies in Europe, the
Middle East, and around the world.
  (b) The International  Atomic  Energy  Agency  has  repeatedly  called
attention  to  Iran's unlawful nuclear activities, and, as a result, the
United Nations  Security  Council  has  adopted  a  range  of  sanctions
designed  to  encourage the government of Iran to cease those activities
and comply with its obligations under the Treaty on  the  Non-Prolifera-
tion  of  Nuclear Weapons (commonly known as the "Nuclear Non-Prolifera-
tion Treaty").
  (c) On July 1, 2010, President  Barack  Obama  signed  into  law  H.R.
2194,  the "Comprehensive Iran Sanctions, Accountability, and Divestment
Act of 2010" (Public Law 111-195), which expressly authorizes states and

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD13338-13-1

Comments

Open Legislation comments facilitate discussion of New York State legislation. All comments are subject to moderation. Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity or hate speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Comment moderation is generally performed Monday through Friday.

By contributing or voting you agree to the Terms of Participation and verify you are over 13.