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Catania Introduces Measure to Divest District Resources from Iran |
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Councilmember Says Risks to Pension Funds and Threats to National Security Necessitate Divestment
Washington, D.C. – Today, Councilmember David Catania (At-Large) introduced the “Prohibition of the Investment of Public Funds in Certain Companies Doing Business with the Government of Iran Act of 2008.” The bill will require the District of Columbia’s Retirement Board to remove direct investments, or divest, in companies complicit in supporting the government of Iran. Catania cited the risks to the District’s pension system and Iran’s threat to national security as his motivation for authoring the legislation. Full Press Release >> |
