HOUSE CONCURRENT RESOLUTION NO. 11
(By Delegates Cowles, Tansill, Canterbury, Rowan,
Blair, Border, Walters and J. Miller)
Requesting that the West Virginia Investment Management Board
require divestiture of current investments in Iran, prohibit
future investments in Iran, and prohibit West Virginia
companies from operating in Iran.
whereas, The United States, the State of West Virginia, and the
international community face no greater threat to their security
than the prospect of rogue regimes who support international
terrorism obtaining weapons of mass destruction; and
whereas, Iran is the leading state sponsor of international
terrorism and is close to achieving nuclear weapons capability, but
has paid no price for nearly twenty years of deception over its
nuclear program. Foreign entities that have invested in Iran's
energy sector, despite Iran's support of international terrorism
and its nuclear program, have afforded Iran a free pass while many
United States entities have unknowingly invested in those same
foreign entities; and
whereas, West Virginia investors have a great deal at stake in
preventing Iran from acquiring nuclear weapons; and
whereas, West Virginia investors can have considerable
influence over the commercial decisions of the foreign entities in which they have invested; and
whereas, It is in the best interest of the citizens of West
Virginia to follow the lead of several other states and the United
States Congress and divest itself of any dealings with Iran;
therefore, be it
Resolved by the Legislature of West Virginia:
That the West Virginia Investment Management Board is hereby
directed to disclose the state of investments in Iran, any
involvement in Iran of any West Virginia companies, and develop a
plan for divestment and removal from any involvement with Iran;
and, be it
Further Resolved, That the West Virginia Investment Management
Board shall publish a list of any such investment, the amount
invested, and what necessary legislation if any will be necessary
to effectively divest itself from such investments.
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