Several states have been trying to divest themselves of Iran investments. But, surprisingly, they need federal approval to do so.
In Florida, Gov. Charlie Crist even signed a bill into law withdrawing investments from his state's pension fun from companies participating in developing Iran's nuclear program. But the bill lacks the effect of law.
This at a time when companies in the United States are not supposed to be doing business with Iran.
Why must the federal government even involve itself in this issue. So long as the investments are legal, states should have the right to put their money wherever they please. And withdraw it and move it around whenever they want.
Come on Congress. Wake up. Give the states the authority to decide where their money goes.