July 21, 2011 | U.S. House of Representatives Committee on Financial Services, Subcommittee on International Monetary Policy and Trade

H.R. 1327, the Iran Sanctions Enabling Act of 2009

Orde Kittrie

Senior Fellow

FDD Senior Fellow Orde Kittrie testified before the House Financial Services Committee Subcommittee on International Monetary Policy and Trade on H.R. 1327, the Iran Sanctions Enabling Act of 2009.

The legislation would authorize state and local governments to direct divestiture from, and prevent investment in, companies invested in Iran's energy sector.  It would also protect fund managers from shareholder lawsuits if they divest from energy companies that do business with Iran.