Legislation Would Punish Those Who Do Business with Iran

JEFFERSON CITY, MO (KMOX) – Investing overseas is certainly a common practice among businesses, but legislation in Missouri would punish companies that invest over a million dollars in Iran.

“It’s not about collecting penalties , it’s about sending a message, if you are going to do business with Iran you are not going to do business with the state of Missouri.” said Senator Bill Stouffer.

The measure was introduced by St. Louis Republican John Lamping.   It passed in the senate.

Under the legislation companies that invest more than a million dollars in Iran’s energy sector would be subject to a $250,000 fine and would be barred from doing business with Missouri’s governmental bodies.   The bill now goes to the house.

KMOX © Copyright 2011 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2011 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.

 

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