The state House on Tuesday approved legislation that would prevent Pennsylvania's pension funds from investing in foreign companies doing business in Iran and Sudan.
Iran and Sudan are identified by the U.S. State Department as countries with state sponsorship of terrorism. Rep. Daylin Leach, D-Montgomery County, called such investments "blood money." Opponents claim divestiture would increase costs for the pension funds.
The House, by a 166-32 vote, approved the measure offered by Rep. Babette Josephs, D-Philadelphia. Domestic companies are forbidden by federal law from doing business in terrorist regimes.
|
) to hear her message now:
