The folks signing on to this group include a fair number of Stricherz's Republican friends, including Mr. Powers, who brought the Iran investment issue to my attention a couple weeks ago, and state Young Republican chair Kyle Jensen. But signatories include folks from the left side of the aisle as well, including myself and Matt McGovern.
State Representative Dan Lederman (R-16/Dakota Dunes) tells group members that he has a bill in works that will include the following:
Targeted divestment limited to foreign oil companies making substantial improvements to Iran's oil production infrastructure
Grace period for investment officers to divest for maximum return
Sunset clause in the event the company ceases prohibited activity or until Iran has satisfied United Nation and United Stae's call to halt funding terrorist organizations
Lederman's bill sounds like a better idea than Senate Bill 21, which is our investment fund managers' request that we citizens and our legislators keep our noses out of our business and not hinder their work with any "social investment" requirements.
Rep. Bernie Hunhoff (D-18/Yankton) offered divestment legislation last year that fell short by one vote in the Commerce Committee. Let's hope Lederman, Hunhoff, and the rest of the Legislature can work together to get it right this year and get South Dakota money out of Iran, Sudan, and other bad places.
- Randy Dockendorf speaks with Stricherz and Lederman in the Jan. 8 Yankton Press & Dakotan. Governor Rounds declines to offer an opinion (that would take leadership, wouldn't it?).
- Stephen Rosenthal of Sioux Falls reminds us of several South Dakotans killed by roadside bombs, the very sort of terrorist devices funded by money trickling into Iran.