International Edition
Search
CNN.com Home Page -
CNN Exchange
Friday, May 18, 2007
Obama and Brownback team up on Iran bill

Sen. Brownback is teaming up with potential presidential rival Sen. Barack Obama to back legislation dealing with Iran.

WASHINGTON (CNN) -- They are vying for the presidency from opposite sides of the political spectrum, but Sens. Barack Obama, D-Illinois, and Sen. Sam Brownback, R-Kansas, are teaming up to sponsor legislation that seeks to encourage divestment from companies that support Iran.

"The time has come for the federal government to assist citizens, institutional investors, and state and local governments in divesting from companies that support the Iranian regime," Brownback said in a statement.  "The Iranian regime is the world's biggest state sponsor of terror, proudly flaunts an illegal nuclear program, and continues to violate the basic human rights of the Iranian people."

Under the bill, the federal government will publish twice a year a list of companies that invest $20 million or more in Iran's oil and gas industries, and authorize state and local governments to divest from the companies.

-- CNN Ticker Producer Alexander Mooney
CNN Comment Policy: CNN encourages you to add a comment to this discussion. You may not post any unlawful, threatening, libelous, defamatory, obscene, pornographic or other material that would violate the law. Please note that CNN makes reasonable efforts to review all comments prior to posting and CNN may edit comments for clarity or to keep out questionable or off-topic material. All comments should be relevant to the post and remain respectful of other authors and commenters. By submitting your comment, you hereby give CNN the right, but not the obligation, to post, air, edit, exhibit, telecast, cablecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comment(s) and accompanying personal identifying information via all forms of media now known or hereafter devised, worldwide, in perpetuity. CNN Privacy Statement.
Search
© 2007 Cable News Network.
A Time Warner Company. All Rights Reserved.
Terms under which this service is provided to you.
Read our privacy guidelines. Contact us. Site Map.
Offsite Icon External sites open in new window; not endorsed by CNN.com
Pipeline Icon Pay service with live and archived video. Learn more
Radio News Icon Download audio news  |  RSS Feed Add RSS headlines