{"id":10343,"date":"2023-12-04T11:04:36","date_gmt":"2023-12-04T18:04:36","guid":{"rendered":"https:\/\/sandiegonewsdesk.com\/?p=10343"},"modified":"2023-12-04T11:11:08","modified_gmt":"2023-12-04T18:11:08","slug":"supervisor-anderson-seeks-to-divest-county-funds-from-islamic-republic-of-iran","status":"publish","type":"post","link":"https:\/\/sandiegonewsdesk.com\/?p=10343","title":{"rendered":"Supervisor Anderson Seeks to Divest County Funds from Islamic Republic of Iran"},"content":{"rendered":"
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Press Conference to be Held Tuesday 8 a.m.\u00a0at County Administration Center<\/strong><\/p>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n

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(SAN DIEGO \u2014 December 1, 2023) San Diego County Supervisor Joel Anderson\u00a0is announcing his proposal to\u00a0ensure that County pensions are not in violation of federal sanctions on the Islamic Republic of Iran and thus, not being used to finance terrorism. The item is set to be voted upon at the San Diego County Board of Supervisors Meeting on Tuesday, December 5, 2023.<\/p>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n

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Supervisor Anderson Press Conference<\/strong><\/p>\n

Date:<\/strong>\u00a0Tuesday, December 5, 2023<\/p>\n

Time:<\/strong>\u00a08:00 AM<\/p>\n

Location:\u00a0<\/strong>Waterfront Park, West Plaza (alongside Harbor Drive)\u00a01600 Pacific Highway, San Diego, CA 92101<\/p>\n

Speakers:<\/strong>\u00a0Supervisor Joel Anderson, County of San Diego<\/p>\n

Sara Brown, American Jewish Committee (AJC)<\/p>\n

David Branson<\/p>\n

Roozbeh Farahanipour<\/p>\n

Please contact Michael Botello for any questions or interview requests.<\/p>\n

Michael.Botello@sdcounty.ca.gov<\/a><\/p>\n

858-276-9119<\/p>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n

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Anderson’s action arises after Hamas, a Palestinian terrorist group historically funded by the Islamic Republic of Iran, murdered and injured thousands of innocent civilians, including Americans, during their October 7th terrorist attack on Israel.\u00a0According to the U.S. Department of State, the Islamic Republic of Iran provides\u00a0approximately $100 million annually<\/a>\u00a0to terrorist organizations, including Hamas, Palestinian Islamic Jihad and other groups.<\/p>\n

“We know\u00a0that money is the mother\u2019s milk of terrorism throughout the Middle East,” said Supervisor Anderson. “In light of Hamas’ murderous attack on Israel,\u00a0it is critical that San Diego County\u2019s investment funds will in no way play a role in assisting the Islamic Republic of Iran\u2019s continued funding of terrorist groups and their activities.”<\/p>\n

Anderson’s plan would require the San Diego County Employees Retirement Association and County\u00a0Treasurer to verify that all of their current investment portfolios\u00a0are in compliance with federal sanctions on Iran \u2014\u00a0and specifically prohibit future unlawful investments with the Islamic Republic of Iran, companies doing business with the state, and any other entities identified by the U.S. government as contributors to terrorist organizations.<\/p>\n

The action would mirror similar steps taken by the State of California in 2007, a movement also spearheaded by Anderson during his first year serving in the State Assembly.<\/p>\n

Anderson’s\u00a0landmark legislation<\/a>\u00a0required\u00a0the\u00a0California Public Employees’ Retirement System and the California State Teachers’ Retirement System to divest from companies that violated federal law by doing business in the Islamic Republic of Iran.<\/p>\n

This resulted in the divestment of over $24 billion of state public pensions from the Islamic Republic of Iran.\u00a028 other states and the United States Congress followed in Anderson’s footsteps to introduce similar laws.<\/p>\n

Media are invited to join Supervisor Anderson for a press conference Tuesday morning before the board meeting. Read Anderson’s\u00a0full board letter\u00a0here<\/a>.<\/p>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Press Conference to be Held Tuesday 8 a.m.\u00a0at County Administration Center (SAN DIEGO \u2014 December 1, 2023) San Diego County Supervisor Joel Anderson\u00a0is announcing his proposal to\u00a0ensure that County pensions are not in violation of federal sanctions on the Islamic Republic of Iran and thus, not being used to finance terrorism. The item is set…<\/p>\n","protected":false},"author":3,"featured_media":10226,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-10343","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-releases"],"yoast_head":"\nSupervisor Anderson Seeks to Divest County Funds from Islamic Republic of Iran - San Diego News Desk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sandiegonewsdesk.com\/?p=10343\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Supervisor Anderson Seeks to Divest County Funds from Islamic Republic of Iran - San Diego News Desk\" \/>\n<meta property=\"og:description\" content=\"Press Conference to be Held Tuesday 8 a.m.\u00a0at County Administration Center (SAN DIEGO \u2014 December 1, 2023) San Diego County Supervisor Joel Anderson\u00a0is announcing his proposal to\u00a0ensure that County pensions are not in violation of federal sanctions on the Islamic Republic of Iran and thus, not being used to finance terrorism. 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