Revises definition of persons engaging in investment activities in Iran.
This bill revises New Jersey's prohibition on public contracts with entities engaging in Iran's energy sector. It lowers the threshold from $20 million to "more than $0" for goods/services provided to Iran's energy sector (including oil, gas, or nuclear activities) or for financial institutions extending credit to such entities. State agencies, school boards, and local contractors are directly affected, as they must now avoid contracts with any entity providing even minimal goods/services to Iran's energy sector. The change aligns New Jersey's policy with federal sanctions aimed at restricting Iran's energy revenue, which the bill states supports U.S. efforts to prevent Iran from funding terrorism or weapons of mass destruction.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2026
Committee Review
Floor Vote
Governor
Introduced Jan 13, 2026
Last action Jan 13, 2026
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
1
Key actions
0
Committee
0
Jan 13, 2026
Introduced
Introduced, Referred to Assembly Oversight, Reform and Federal Relations Committee
lower
2 primary · 2 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Avi Schnall
DDemocratic
P
Mike Inganamort
RRepublican
Co
Dawn Fantasia
RRepublican
Co
Greg Myhre
RRepublican
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