Republicans block efforts to allow divestment from companies that support Iran
Thursday, September 18th, 2008
WASHINGTON, D.C. - U.S. Senator Barack Obama today released the following statement on the Senate’s passage of the Defense Authorization Bill (S.3001):
“The Senate’s passage of this legislation today will ensure our nation’s service members and veterans have access to the health care and support they need whether in combat or at home. This legislation also makes important investments in our national defense, including providing an across-the-board pay raise for all uniformed service personnel.
“However, I am disappointed that Senate Republicans blocked key bipartisan measures, particularly provisions that I offered last year in the Iran Sanctions Enabling Act, which would have allowed state and local governments and private fund managers to divest from companies that support Iran’s energy sector. This would have helped reduce the revenue Iran uses to expand its nuclear program, sponsor terrorist groups like Hezbollah and Hamas, and threaten Israel.

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