AUGUST 22, 2013
UANI APPLAUDS THE FLORIDA CABINET FOR CONTINUED STATE SANCTIONS ON IRAN & SUDAN
United Against Nuclear Iran (UANI) applauds Governor Rick Scott, Attorney General Pam Bondi, Chief Financial Officer Jeff Atwater and Commissioner of Agriculture Adam Putnam for their leadership in enforcing state-level action for the Federal “Iran Threat Reduction Act.” This Federal law, adopted in August 2012 and signed by the President in March 2013, requires U.S. companies to disclose business relationships with Iran to the Securities and Exchange Commission, and empowers states to take similar action. Florida is the first state in the country to take such action.
Florida has led the way on state divestment from Iran and Sudan since 2007, with strong support from the Jewish Community Relations Councils of Greater Miami, Palm Beach and South Palm Beach County, Broward County, and Tampa, as well as the ADL, Sudan Divestment Task Force, and the interfaith community across the state.
The new action will require all financial institutions seeking to be underwriters for the State, including foreign ones, to certify that they and their subsidiaries are not conducting, facilitating or engaging in any investment activities in Iran. This action will effectively bar any company that does business with Iran from representing the State in financial transactions.
In 2012, in a bipartisan manner, Florida adopted SB 792 “Financial Institutions,” which gave the Office of Financial Regulation (OFR) the authority to mandate that all Florida state-chartered banks certify that their corresponding banks are not engaged in proscribed activities with Iranian linked financial institutions.
In 2011, also in a bipartisan manner, Florida passed SB 444, the “Scrutinized Companies Act” prohibiting state agencies and local entities from contracting with companies that do business in Iran or Sudan’s energy sector.
Said Tara Laxer, UANI’s Florida Director: “Florida has been a leader in adopting strong measures to isolate the Iranian regime in the areas of procurement, divestment and banking. We encourage local communities across the U.S to join Florida to pass similar measures.”
To arrange for a briefing about the Iranian nuclear issue, contact Tara Laxer, UANI’s Florida Director, at email@example.com or 561-289-6031.