[r32] Legislation to disassociate Indiana from Iran's energy sector (2/28/2012)

Tuesday, February 28, 2012

Start Date: 2/28/2012
End Date: 2/28/2012
STATEHOUSE- The Indiana House has passed a bill that would prohibit the State of Indiana and its subdivisions from contracting with companies that have specified business activities or investments in Iran’s energy sector. Rep. Eric Turner (R-Cicero) is sponsoring the prohibition, Senate Bill (SB) 231, which applies to new contracts as well as contract renewals.

Companies that would like to bid on state and local government contracts would be required to certify that they are not involved in developing Iran’s energy resources.

“This would allow the state and local governments in Indiana to disassociate from companies operating in Iran’s energy section that support Iran’s effects to deliver nuclear weapon capability,” said Rep. Turner. “This legislation is important not only to our State and country, but to the Jewish community because of the continued Iran threat to Israel. Indiana would be the fourth State in the country to pass this type of contracting legislation.”

The Department of Administration will keep a list of companies involved in the offending investments, which will be available to companies interested in bidding for contracts with the State.

On July 1, 2010, President Obama signed into law new sanctions legislation against Iran. Under the proposed legislation, SB 231, it would be the State’s responsibility to decide how and if to implement these provisions.

SB 231 now awaits action by Governor Daniels. 

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Rep. P. Eric Turner serves as Speaker Pro Tem and represents District 32 which includes parts of Grant, Miami, Tipton, Howard, and Hamilton Counties.

Turner NR - Iran.docx