Bill denying public contracts to companies with ties to Iran signed

TRENTON – Gov. Chris Christie signed a bill into law that will deny state and local public contracts to any person or company with certain ties to Iran, the governor’s office announced Tuesday.

Christie signed into law S1304, which prohibits public contracts being drawn between people or companies engaged in certain investment activities in energy finance sectors of Iran, according to the legislation, which was prime sponsored by Sen. Thomas Kean Jr. (R-21) and Assemblyman John McKeon (D-27).

In July 2010, President Barack Obama signed into law the Comprehensive Iran Sanctions, Accountability and Investment Act, which gave authority to states and local governments to prevent or discontinue contracting with companies that do business in Iran, according to the governor’s office. The bill implements this authority at the state and local levels in New Jersey.

In a release, the governor’s office said “the State of New Jersey is bolstering the United States government’s stand in support of the rights of the people of Iran and against the dictatorial regime and the economy on which it relies.”

The bill had dozens of prime sponsors and co-sponsors in the Senate and Assembly.