Companies doing business with Iran’s energy industry would be barred from bidding on state or municipal contracts under a bill introduced yesterday by Assembly Speaker Sheldon Silver.
“We must do everything in our power to stymie the efforts of this terrorist state to build an arsenal of nuclear weapons which it can use against the United States, against Israel” and against other allies, said Silver (D-Manhattan).
His bill bars companies that provide goods, services or credit worth $20 million or more to Iran’s energy industry from getting state and local government contracts.