A 1280 New Jersey General Assembly · 2026-2027 Regular Session

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
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Jan 13, 2026
Introduced
Introduced, Referred to Assembly Oversight, Reform and Federal Relations Committee
lower
2 primary · 2 co-sponsors

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