Wednesday, May 22, 2013

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SC House approves anti-Iran measure
Posted: 01.30.2013 at 9:53 AM
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(AP) -- The South Carolina House has passed a measure barring state and local governments from doing business with companies that invest heavily in Iran's energy sector.

The House voted unanimously Tuesday on a measure dubbed the Iran Divestment Act. South Carolina could become the 25th state to enact such a law. It requires another vote before heading to the Senate.

Advocates say the bill is aimed at protecting Israel and U.S. national security.

The House vote followed a news conference in which Attorney General Alan Wilson and legislators of both parties pledged their support of Israel.

The bill makes a person, business or bank with more than $20 million invested in Iran's energy sector ineligible for any government contract. It also bars the retirement system from investing with those companies.

(Copyright ©2013 by The Associated Press. All Rights Reserved.)

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