State-Government Sanctions Trend Gains Steam as New York Bans Contractors Linked to Iran
The U.S. federal government’s steps to impose sanctions on Iran have been well-documented. With far less fanfare, efforts to restrict business with Iran have spread to the state level, with very real implications for government contractors. This month, New York joined California and Florida in banning government contracts with companies that are deemed, based on publicly reported information, to have impermissible business ties to Iran.