Revises definition of persons engaging in investment activities in Iran to reduce threshold from $20 million to $10 million.

This New Jersey bill (A4632) lowers the financial threshold for prohibiting state agencies from contracting with entities investing in Iran's energy sector, from $20 million to $10 million. It directly affects state agencies, local governments, and public institutions by restricting contracts with businesses providing $10 million or more in goods/services (or extending $10 million+ credit) for Iran's oil, gas, or nuclear energy projects. The key change modifies the definition of "persons engaging in investment activities" under existing law, aligning with federal sanctions policy to limit Iran's energy sector funding. The law takes effect immediately but applies to contracts awarded 30 days after enactment.