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SB 722 - This act creates the "Iran Energy Divestment Act" which bars entities that invest in the energy sector in Iran from contracting with the state and political subdivisions. Entities wishing to make public contracts shall certify that they are not investors in the energy sector in Iran. Entities that falsely certify shall be subject to a penalty equal to the greater of $250,000 or twice the amount of the contract. In addition, contracts may be terminated by the awarding body and the entity shall be ineligible to bid on and enter into such contracts for three years. CHRIS HOGERTY
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