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Bill would ban government contracting with Iran-linked firms

iranJACKSON — Some House lawmakers want to ban Mississippi’s state and local governments from contracting with anyone who does business with Iran’s oil and gas industry.

The House Appropriations Committee Thursday passed House Bill 1127, sending it to the full House for more debate.

The bill bans contracting with any firm that sells $20 million or more of goods and services to Iran’s oil and gas sector. The bill would have also banned contracting with any banks loaning more than $20 million to anyone doing business in Iran’s energy sector, but that clause was removed from the bill by its sponsor, Baldwyn Republican Jerry Turner.

Under the measure, the Mississippi would make a list of banned companies. Businesses with plans to close out their investments would be excluded.

 

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About Ross Reily

Ross Reily is editor of the Mississippi Business Journal. He is a husband to an amazing wife, dad to 3 crazy kids and 2 dogs. He is also a fan of the Delta State Fighting Okra and the Boston Red Sox.

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