Tuesday Wrap: Iran so far away

Posted April 14, 2015

— Divesting from Iran would be easier if anyone in North Carolina were already invested there, but that didn't stop a Senate committee from blocking state contracts with any company with ties to Iran's energy industry.

The State Treasurer's Office dumped all of his holdings with ties to Iran five years ago, and lawmakers said they know of no current state contract that would be affected by the bill.

Democrats called the measure a poke at the Obama administration, which wants to ease sanctions against Iran as part of a deal to limit that country's nuclear capabilities.

A different Senate committee approved a measure that would regulate crowd-funding by North Carolina businesses, allowing businesses to raise up to $2 million a year from state residents.

Yet a third Senate committee passed a proposal calling for a six-month cooling off period for state employees who want to work for vendors with state contracts that they employees have overseen.

Meanwhile, a House committee passed bills that would turn statewide judicial races and all school board races statewide into partisan affairs. Supporters say parties already back judicial candidates in many of the nominally nonpartisan races, and giving voters more information about the candidates can't be bad. Opponents say judges and school board members shouldn't be affected by party politics.


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