Companies should be required to disclose any and all investments and business transactions in Iran and with Iranian entities. This can be accomplished via changes in the rules of the Securities and Exchange Commission (SEC), the UK Financial Services Authority (FSA) and similar regulatory counterparts. The moment companies are required to disclose their irresponsible business activities in Iran is the same moment companies will begin to end such Iran business for risk of reputational and financial harm.
UANI has previously proposed regulations and legislation for adoption by the SEC and U.S. Congress, respectively, which would require companies to fully disclose all Iran business to investors and the public—not just sanctionable business in Iran’s energy sector. Click here for UANI Disclosure Legislation
In July 2010, Congressman Ted Deutch (D-FL) incorporated UANI’s proposed regulations into the Iran Transparency and Accountability Act (ITAA), which would require companies to disclose such business. In February 2011, Congressmen Deutch and Burton (R-IN) and Senators Gillibrand (D-NY) and Kirk (R-IL) reintroduced the legislation as the Iran Transparency and Accountability Act of 2011 in the 112th Congress.