New Jersey Division of Investment, Trenton, would have to divest companies with ties to Iran, according to legislation to be considered by the state Assemblys Appropriations Committee, confirmed Assemblyman Neil Cohen. If the approved by the committee, the legislation would go next to the state Senate. Divesting our finances from entities associated with Iran will send a clear message in the universal language of money, he said in a news release.
Mr. Cohen first proposed the legislation in May 2006 because he felt that Irans nuclear weapons policy poses a threat to Israel. Iranian President Mahmoud Ahmadinejad said in no uncertain terms that he was developing nuclear weapons, Mr. Cohen said in an interview.
Tom Vincz, spokesman for the $79 billion New Jersey Division of Investment, was not available for comment by press time.