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Bill

A 5209

Revises definition of persons engaging in investment activities in Iran.

2024-2025 Regular Session Introduced by Dawn Fantasia and 3 co-sponsors

New Jersey bill redefines investment activity restrictions on Iran, affecting state pension funds and business divestment requirements amid federal sanctions policy.

Introduced in the Assembly, Referred to Assembly State and Local Government Committee
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Bill Summary · A 5209

Legislative bill overview

Bill A 5209 modifies New Jersey's legal definition of individuals and entities engaged in investment activities in Iran, potentially broadening or narrowing what constitutes prohibited investment conduct. The bill was introduced in the Assembly and referred to the State and Local Government Committee for review.

Why is this important

Investment restrictions on Iran stem from federal sanctions policy and state-level divestment efforts aimed at limiting financial support for Iran's government. How New Jersey defines "persons engaging in investment activities" directly affects which companies, funds, and individuals face potential legal consequences, disclosure requirements, or state pension fund divestment.

Potential points of contention

  • Scope of definition changes: Unclear whether the revision expands restrictions (capturing more entities) or narrows them (reducing enforcement), affecting business compliance obligations differently
  • Federal-state coordination: Questions about whether state definitions align with or exceed federal OFAC sanctions, creating conflicting legal requirements for investors
  • Practical enforcement: Ambiguity over how revised definitions will be monitored and enforced, particularly for indirect or complex investment structures

Compiled from official sources — confirm details with the bill’s official record.

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