The city commission in Miami Beach is expected to pass a resolution banning the investment of municipal money in companies that do business with Sudan and Iran.
Last month, Florida became the first state in the nation to have a law that its pension fund dollars are off-limits for investment in any companies doing business with Iran's energy sector and Sudan.
The proposed Miami Beach ordinance is piggybacking on that legislation. Miami Beach Mayor David Dermer says Sudan and Iran have been singled out because of their human rights records.
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July 09, 2007
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