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Who cares
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Sponsors
44 Co-sponsors
- James S. Alesi
- Greg Ball
- John J. Bonacic
- John A. DeFrancisco
- Hugh T. Farley
- John J. Flanagan
- Charles J. Fuschillo Jr.
- Patrick M. Gallivan
- Martin J. Golden
- Joseph A. Griffo
- Mark Grisanti
- Kemp Hannon
- Owen H. Johnson
- Andrew J. Lanza
- William J. Larkin Jr.
- Kenneth P. LaValle
- Tom Libous
- Betty Little
- Carl L. Marcellino
- Jack M. Martins
- George D. Maziarz
- Roy J. McDonald
- Michael F. Nozzolio
- Thomas F. O'Mara
- Michael H. Ranzenhofer
- Patty Ritchie
- Joseph E. Robach
- Stephen M. Saland
- James L. Seward
- Catharine Young
- Lee M. Zeldin
- Tony Avella
- David Carlucci
- Ruben Diaz
- Michael Gianaris
- Ruth Hassell-Thompson
- Jeffrey D. Klein
- Velmanette Montgomery
- Suzi Oppenheimer
- John L. Sampson
- Diane J. Savino
- Daniel L. Squadron
- Toby Ann Stavisky
- David J. Valesky
History
- Substituted by A8668A
- Ordered to third reading cal.8
- Reported and committed to rules
- Print number 5917a
- Amend and recommit to finance
- Referred to finance
- Referred to finance
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Relates to enacting the Iran divestment act of 2012
Signed by Governor · Sponsor Sheldon Silver
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S5917A
Title of bill
An act to amend the state finance law and the general municipal law, in relation to enacting the Iran divestment act of 2012
Purpose
This bill would impose limitations on vendors that contribute to the Iranian energy sector and seek contracts with the state and local governments.
Summary of provisions
This bill would prohibit entities that invest in the Iranian energy sector from receiving state contracts unless the entity has certified that it does not have or has ceased or is taking steps to cease such investments or the state is unable to procure the needed services or commodities elsewhere. The Office of General Services (OGS) would be required to develop a list of entities that invest in the Iranian energy sector. OGS would have to notify those who are on the list that they are prohibited from receiving state contracts and provide them with an opportunity to appeal.
In addition, the bill would require local government contractors to certify that they are not investing in the Iranian energy sector in order to receive local government contracts.
Existing law
None.
Justification
This bill is based on the federal Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010, which allows state and local governments to divest assets and prohibit the Investment of state or local assets in certain companies that either invest or provide credit in the Iranian energy sector. Allowing the Iranian government to develop nuclear weapons would post a threat to the United States and the safety of our allies in the Middle East. Therefore, it is important for New York State to follow the lead of the federal government in seeking to halt Iran's nuclear program.
Legislative history
New bill.
Fiscal implications
To be determined.
Local fiscal implications
To be determined.
Effective date
90 days after enactment.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.