SC House approves anti-Iran measure

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by The Associated Press

WCNC.com

Posted on January 29, 2013 at 10:33 PM

COLUMBIA, S.C. (AP) -- The South Carolina House has passed a measure barring state and local governments from doing business with companies that invest heavily in Iran's energy sector.
 
The House voted unanimously Tuesday on a measure dubbed the Iran Divestment Act. South Carolina could become the 25th state to enact such a law. It requires another vote before heading to the Senate.
 
Advocates say the bill is aimed at protecting Israel and U.S. national security.
 
The House vote followed a news conference in which Attorney General Alan Wilson and legislators of both parties pledged their support of Israel.
 
The bill makes a person, business or bank with more than $20 million invested in Iran's energy sector ineligible for any government contract. It also bars the retirement system from investing with those companies.

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