assembly Bill A5340

2019-2020 Legislative Session

Enacts the New York State Iran divestment act; repealer

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Archive: Last Bill Status - In Assembly Committee


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

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Actions

view actions (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 08, 2020 referred to governmental operations
Feb 11, 2019 referred to governmental operations

Co-Sponsors

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Multi-Sponsors

A5340 (ACTIVE) - Details

See Senate Version of this Bill:
S5156
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:
2015-2016: A9262, S6048
2017-2018: A1648, S923
2021-2022: A403

A5340 (ACTIVE) - Summary

Enacts the New York State Iran divestment act; provides for sanctions against the financial and energy sectors of Iran unless a duly executed treaty is approved by two-thirds of the United States Senate.

A5340 (ACTIVE) - Bill Text download pdf


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

                                  5340

                       2019-2020 Regular Sessions

                          I N  A S S E M B L Y

                            February 11, 2019
                               ___________

Introduced  by  M.  of  A.  ROZIC,  ABBATE, BARCLAY, BARNWELL, BRABENEC,
  BRAUNSTEIN, CROUCH,  CUSICK,  CYMBROWITZ,  DAVILA,  DiPIETRO,  LENTOL,
  FITZPATRICK,  GARBARINO,  LAWRENCE,  MALLIOTAKIS,  McDONOUGH,  MOSLEY,
  ORTIZ, PALUMBO, RA, RAIA, SIMOTAS, STEC -- Multi-Sponsored by -- M. of
  A. SIMON, THIELE -- read once and referred to the Committee on Govern-
  mental Operations

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

  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  New  York
state Iran divestment act.
  §  2.  Section  2  of chapter 1 of the laws of 2012 amending the state
finance law and other laws enacting the Iran divestment act of  2012  is
amended to read as follows:
  § 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-

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD01108-01-9