Given  all  the  flaws  that  are  inherent  in  the  Iran  deal, Texas is  absolutely  committed  to  maintaining  its sanctions against Iran.  The Texas Prohibition on Investment in Iran Act currently bans state pension and retirement systems from investment in Iran or entities that do business with Iran.  But there is more that Texas can and will do. Greg Abbott, Governor of Texas

Governor Abbott Rejects Obama Administration’s Request To Lift Iran Sanctions

Governor Greg Abbott today informed the Obama administration that Texas will maintain and strengthen its sanctions against Iran. Governor Abbott responded to a letter from the administration requesting that Texas “review” its economic sanctions against Iran. Governor Abbott reiterated his strong opposition to the Iran deal and informed the administration that he will continue to seek new legislation to strengthen existing economic sanctions against the world’s leading state sponsor of terrorism. “Entering into an agreement with a country that consistently calls for ‘death to America’ and repeatedly articulates anti-Semitic policies is short-sighted and ignores geopolitical realities,” Governor Abbott writes in the letter. “As a strong supporter of Israel, I am committed to doing everything in my power to oppose this misguided deal with Iran. Accordingly, not only will we not withdraw our sanctions, but we will strengthen them to ensure Texas taxpayer dollars are not used to aid and abet Iran.” During his visit to Israel in January 2016, Governor Abbott met with Israeli Prime Minister Benjamin Netanyahu and announced he would seek legislation to: Prohibit local government entities in the State of Texas from investing in Iran or entities conducting business with Iran Require all Texas state entities – not just state pensions – to follow Texas’ divestiture policy Close additional loopholes in Texas’ current divestiture statute. To read the full letter, click here.]]>