assembly Bill A403

2021-2022 Legislative Session

Enacts the New York State Iran divestment act; repealer

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Sponsored By

Current 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 05, 2022 referred to governmental operations
Jan 06, 2021 referred to governmental operations

Co-Sponsors

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Multi-Sponsors

A403 (ACTIVE) - Details

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
2017-2018: A1648
2019-2020: A5340

A403 (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.

A403 (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                    403
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                                (PREFILED)
 
                              January 6, 2021
                                ___________
 
 Introduced  by  M.  of  A. ROZIC, ABBATE, BARCLAY, BARNWELL, BRAUNSTEIN,
   BRABENEC, CUSICK, CYMBROWITZ,  DAVILA,  DiPIETRO,  FITZPATRICK,  McDO-
   NOUGH, RA -- Multi-Sponsored by -- M. of A. SIMON, THIELE -- read once
   and referred to the Committee on Governmental 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-
 tion  of  Nuclear Weapons (commonly known as the "Nuclear Non-Prolifera-
 tion Treaty").

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets