senate Bill S6048

2015-2016 Legislative Session

Enacts the New York State Iran divestment act; repealer

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Sponsored By

Archive: Last Bill Status - Passed Senate

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

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view actions (8)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 16, 2016 referred to governmental operations
delivered to assembly
passed senate
May 09, 2016 advanced to third reading
May 05, 2016 2nd report cal.
May 04, 2016 1st report cal.692
Jan 06, 2016 referred to finance
Sep 11, 2015 referred to rules


view additional co-sponsors

S6048 (ACTIVE) - Details

See Assembly Version of this Bill:
Law Section:
State Finance Law
Laws Affected:
Amd §2, Chap 1 of 2012; amd §165-a, St Fin L; amd §1, Chap 481 of 2013; rpld §1415 sub§ 5, Ins L
Versions Introduced in Other Legislative Sessions:
2017-2018: S923, A1648
2019-2020: S4107, S5156, A5340
2021-2022: A403
2023-2024: A1365

S6048 (ACTIVE) - Summary

Enacts the New York State Iran divestment act.

S6048 (ACTIVE) - Sponsor Memo

S6048 (ACTIVE) - Bill Text download pdf

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


                       2015-2016 Regular Sessions

                            I N  S E N A T E

                           September 11, 2015

Introduced  by  Sens.  CROCI,  ORTT,  FELDER,  FARLEY  -- read twice and
  ordered printed, and when printed to be committed to the Committee  on

AN  ACT to amend the Iran divestment act of 2012, the state finance law,
  and chapter 481 of the laws of 2013 amending the insurance law  relat-
  ing to investments in foreign states sponsoring terrorism, in relation
  to  the  divestment  of  Iran; and to repeal certain provisions of the
  insurance law relating thereto


  Section  1.  This  act shall be known and may be cited as the New York
state Iran divestment act.
  S 2. Section 2 of chapter 1  of  the  laws  2012  amending  the  state
finance  law  and other laws enacting the Iran divestment act of 2012 is
amended to read as follows:
  S 2. The legislature hereby finds and declares all of the following:
  [(a) Congress and the  President  have  determined  that  the  illicit
nuclear activities of the Government of Iran, combined with its develop-
ment  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

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


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