Tuesday, July 31, 2007

U.S. House passes Iran divestment bill

(Reuters) - Under the legislation approved by a 408-6 vote, the Treasury Department would be required to list twice yearly on the Internet the names of companies that have more than $20 million invested in the Iranian energy sector.




Money managers who decide to divest from companies on that list would be protected from lawsuits under the bill, which shields both private-sector money managers and fund managers for state and local governments and educational institutions.


Read more at Reuters.com Government Filings News

No comments: