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Rating:Congress Approves Protections for Companies that Divest From Iran and Sudan Not Rated 3.5 Email Routing List Email & Route  Print Print
Wednesday, August 01, 2007

Congress Approves Protections for Companies that Divest From Iran and Sudan

by: Erin Kello

New bills approved by Congress, now on their way to the Senate, will protect companies who choose to divest from Iran and companies that support Sudan's policy in Darfur. The WSJ reports that managers of mutual funds and pension funds that divest funds from companies that invest over $20 million in Iran's energy sector or in businesses that support Sudan's policies in Darfur, will be protected from litigation. The bills also require the government to periodically update the list of companies that do business with Sudan or Iran's energy sector.  

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