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CFO Jeff Atwater Applauds the Passage of Legislation that Reaffirms Florida’s Sanctions against Investing in Iran


Contact: Ashley Carr
(850) 413 – 2842


TALLAHASSEE, Fla. – Florida Chief Financial Officer Jeff Atwater today applauded the Florida Legislature’s passage of legislation that reaffirms Florida’s commitment to keep state dollars from funding state sponsors of terror in Iran. CFO Atwater worked alongside the Florida State Board of Administration, Representative Neil Combee and Senator Jeremy Ring to ensure that the recently enacted federal Iran Nuclear Deal cannot undo existing sanctions put in place by the Florida Legislature years ago, divesting state dollars from companies engaged in prohibited business dealings.

CFO Atwater said, “Today the Florida Legislature took a stand against the federal government’s endless overreach and reaffirmed Florida’s right to invest – or not invest funds – where it chooses. Nearly 10 years ago, I co-sponsored the bill that established Florida’s sanctions against Iran and called for the withdrawal of currently invested funds. In September 2015, when the United States Senate washed their hands of the responsibility to act on this foreign policy disaster by refusing to vote on it, I immediately called on Florida leaders to protect the pledge made years earlier.

‘The current White House administration usurped executive authority when it signed this catastrophic deal. Seeing no support for this deal in Congress or across the American public, the president attempted to legitimize his actions by going to the United Nations. Yet, through the passage of this bill by the Florida Legislature, we remind our federal government that our mission in Florida is to uphold the Constitution that grants states’ rights and allows states to make choices independent of the federal government.

‘We’ve read the newspaper headlines, seen the gruesome videos and pictures, and even experienced terrorism firsthand on American soil. While we put our faith in the federal government to do what’s right, it is the duty of the states to hold them accountable.

‘Today, the legislature did just that: Floridians will not invest taxpayer dollars in state sponsors of terror.”

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Chief Financial Officer Jeff Atwater, a statewide elected official, oversees the Department of Financial Services. CFO Atwater’s priorities include fighting financial fraud, abuse and waste in government, reducing government spending and regulatory burdens that chase away businesses, and providing transparency and accountability in spending. Follow the activities of the Department on Facebook (FLDFS) and Twitter (@FLDFS).