{"id":12613,"date":"2017-06-21T13:39:54","date_gmt":"2017-06-21T13:39:54","guid":{"rendered":"https:\/\/ancnews.info\/?p=12613"},"modified":"2017-06-21T13:39:54","modified_gmt":"2017-06-21T13:39:54","slug":"schiff-colleagues-urge-calif-senate-to-pass-turkey-divestment-bill","status":"publish","type":"post","link":"https:\/\/ancnews.info\/?p=12613","title":{"rendered":"Schiff, Colleagues Urge Calif. Senate to Pass Turkey Divestment Bill"},"content":{"rendered":"<p style=\"text-align: justify;\">(ASBAREZ) WASHINGTON\u2014Rep. Adam Schiff (D-Burbank) and nine of his Congressional colleagues from California sent a letter this week to California State Senate President Pro Tempore Kevin De Le\u00f3n in support of California Assembly Bill 1597, which would <!--more Continue reading \/ \u0531\u0574\u0562\u0578\u0572\u057b\u0568 \u2192--> divest California\u2019s public pension funds from investment vehicles that are owned, controlled, or managed by the Turkish government.<\/p>\n<p style=\"text-align: justify;\">\u201cCalifornia has acted in the past to prohibit new investments by its pension funds in sectors that are inimical to our state\u2019s values, such as the 2015 state law mandating divestment from coal companies,\u201d the Members wrote in the letter. \u201cThe narrowly drafted AB 1597 proposal is an appropriate use of that authority, blocking future investments directly owned by the Turkish Government, such as government bonds.\u201d<\/p>\n<p style=\"text-align: justify;\">Rep. Schiff sent the letter along with Jackie Speier (CA-14), Anna G. Eshoo (CA-18), Zoe Lofgren (CA-19), Grace Napolitano (CA-32), Tony C\u00e1rdenas (CA-29), Brad Sherman (CA-30), Ro Khanna (CA-17), Salud Carbajal (CA-24) and Jim Costa (CA-16).<\/p>\n<p style=\"text-align: justify;\">\u201cGiven the recent assault on peaceful protestors in Washington, D.C. by Turkish President Recep Tayyip Erdogan\u2019s personal security forces, as well as Turkey\u2019s continued denial of the Armenian Genocide, divestment by California is an appropriate response,\u201d the members wrote in the letter.<\/p>\n<p style=\"text-align: justify;\">AB 1597 passed the California State Assembly on June 1st by a vote of 67-0, after being introduced and championed by Assemblymember Adrin Nazarian for the past two years.<\/p>\n<p style=\"text-align: justify;\">\u201cWe are so grateful to Congressman Adam Schiff who upon learning from us of the Divest Turkey statute pending in Sacramento, immediately took the lead in drafting this powerful letter of support for AB1597 and securing the support of his colleagues from California\u2019s congressional delegation. We thank him and each Member of Congress who signed the letter for their recognition that long-standing public policy calling for justice for the Armenian Genocide is inconsistent with State investments in the Turkish government which enable it to continue funding its multi-million dollar denialist campaign,\u201d said Nora Hovsepian, Esq., chairwoman of the <a href=\"https:\/\/www.facebook.com\/ANCAWesternRegion\/\">Armenian National Committee of America-Western Region<\/a>.<\/p>\n<p style=\"text-align: justify;\">\u201cNow that AB1597 has passed by a vote of 67-0 in the State Assembly, we look forward to successful passage in the State Senate and then to the Governor\u2019s signature. We call upon all members of our community, especially public employees whose pension funds are invested in the Turkish government, to make their voices heard with their elected officials in Sacramento that their money should not fund Turkey\u2019s PR campaigns in the US and that AB1597 should be enacted as a safeguard,\u201d added Hovsepian.<\/p>\n<p style=\"text-align: justify;\">The Armenian Youth Federation Western US Central Executive, in a statement issued Wednesday, thanked Rep. Schiff and his colleagues for advancing this important issue, which has been a focal point of the AYF\u2019s activities in the past two years. Working with Armenian Student Association chapters on college campuses, the AYF has spearheaded the passage of divestment resolution by student governments on all University of California campuses.<\/p>\n<p style=\"text-align: justify;\">\u201cThe support for AB 1597 from all across the state has been steadily increasing, showing that our calls to divest from the government of Turkey have become more crucial and relevant than ever. California must not be complicit in Turkey\u2019s crimes, and divestment is an important way to ensure that Turkey is held accountable for its policies and actions that are in such stark opposition to those of this state,\u201d said the AYF CE.<\/p>\n<p style=\"text-align: justify;\">\u201cWith the grassroots call for Turkish divestment now echoing from the halls of the United States Congress, we must push with renewed vigor to pass AB1597 and end the State of California\u2019s $500 million dollar risky investment in Turkey\u2019s failing economy, genocide denial campaigns, and human rights violations. We want Turkish Dictator Erdogan to know that we will relentlessly pursue divestment on local, state, national, and international levels until Turkey is brought to account and justice is realized,\u201d added the AYF.<\/p>\n<p style=\"text-align: justify;\">Full text of the letter is below:<\/p>\n<p style=\"text-align: justify;\">Dear Mr. President:<\/p>\n<p style=\"text-align: justify;\">We write to voice our strong support for AB 1597, which would divest California\u2019s public pension funds from investment vehicles that are owned, controlled, or managed by the Turkish government. This legislation passed the Assembly on June 1st by a vote of 67-0. Given the recent assault on peaceful protestors in Washington, D.C. by Turkish President Recep Tayyip Erdogan\u2019s personal security forces, as well as Turkey\u2019s continued denial of the Armenian Genocide, divestment by California is an appropriate response. We hope that the State Senate takes up and passes this legislation as soon as possible.<\/p>\n<p style=\"text-align: justify;\">As you are aware, the once dynamic and relatively open Turkish democracy has slid towards authoritarian rule by President Erdogan. With the recent passage, beset by voting irregularities, of a constitutional referendum, Erdogan has amassed dictatorial powers. Turkey has become the world\u2019s leading imprisoner of journalists, suppressed free speech, and has engaged in a brutal campaign to stamp out political dissent.<\/p>\n<p style=\"text-align: justify;\">They have recently brought that campaign to the United States. On May 16th, members of Erdogan\u2019s security detail brutally attacked a peaceful protest outside of the Turkish Embassy, causing serious injuries. Videos show Erdogan speaking to his security forces immediately prior to the attack, and observing from a distance as his armed security beat peaceful protestors. The House of Representatives recently passed H. Res. 354 unanimously, condemning this assault and calling on the Administration to hold Turkey responsible and take appropriate actions against those who carried out the attack.<\/p>\n<p style=\"text-align: justify;\">Finally, Turkey has engaged in a decades long campaign to deny the Armenian Genocide, expending millions of dollars to lobby against recognition of the historic fact of the extermination of 1.5 million Armenians by the Ottoman Empire from 1915-1923. California has been a leader in the United States in speaking frankly about the genocide, serving as a home for tens of thousands of Armenian-Americans whose families survived the genocide to build new lives in the United States.<\/p>\n<p style=\"text-align: justify;\">California has acted in the past to prohibit new investments by its pension funds in sectors that are inimical to our state\u2019s values, such as the 2015 state law mandating divestment from coal companies. The narrowly drafted AB 1597 proposal is an appropriate use of that authority, blocking future investments directly owned by the Turkish Government, such as government bonds. The investments make up a small portion of the pension funds\u2019 holdings, and reallocating these resources in an orderly fashion will have no measurable impact on their fiduciary duties.<\/p>\n<p style=\"text-align: justify;\">We hope that the Senate acts quickly on AB 1597, and that it can be signed into law as soon as possible.<\/p>\n<p style=\"text-align: justify;\">Sincerely,<br \/>\nAdam B. Schiff<br \/>\nJackie Speier<br \/>\nAnna G. Eshoo<br \/>\nZoe Lofgren<br \/>\nGrace Napolitano<br \/>\nTony C\u00e1rdenas<br \/>\nBrad Sherman<br \/>\nRo Khanna<br \/>\nSalud Carbajal<br \/>\nJim Costa<\/p>\n<p style=\"text-align: justify;\">cc: Assembly Member Adrin Nazarian<\/p>\n<p style=\"text-align: justify;\"><strong>\u0554\u0578\u0576\u056f\u0580\u0565\u057d\u0561\u056f\u0561\u0576\u0576\u0565\u0580 \u0539\u0578\u0582\u0580\u0584\u056b\u0561\u0575\u0567\u0576 \u0546\u0565\u0580\u0564\u0580\u0578\u0582\u0574\u0576\u0565\u0580\u0568 \u0554\u0561\u0577\u0578\u0572 \u0532\u0561\u0576\u0561\u0571\u0565\u0582\u0568 \u054e\u0561\u0582\u0565\u0580\u0561\u0581\u0576\u0565\u056c\u0578\u0582 \u053f\u0578\u0579 \u053f\u055b\u0568\u0576\u0565\u0576 \u0554\u0561\u056c\u056b\u0586\u0578\u0580\u0576\u056b\u0578\u0575 \u053e\u0565\u0580\u0561\u056f\u0578\u0575\u057f\u056b\u0576<\/strong><\/p>\n<p style=\"text-align: justify;\">(\u0531\u054d\u054a\u0531\u0550\u0537\u0536) \u0548\u0552\u0531\u0547\u053b\u0546\u053f\u0539\u0538\u0546.- 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\u0578\u0580\u0578\u0577\u0578\u0582\u0574\u056b\u0576 \u0575\u0561\u057b\u0578\u0580\u0564\u0578\u0572 \u057e\u0565\u0581 \u0561\u0574\u056b\u057d\u0576\u0565\u0580\u0578\u0582\u0576 \u0568\u0576\u0569\u0561\u0581\u0584\u056b\u0576: \u0546\u0565\u0580\u056f\u0561\u0575\u056b\u057d, \u0561\u0575\u0564 \u0576\u0565\u0580\u0564\u0580\u0578\u0582\u0574\u0576\u0565\u0580\u0578\u0582 \u0563\u0578\u0582\u0574\u0561\u0580\u0568 \u0574\u0585\u057f\u0561\u0582\u0578\u0580\u0561\u057a\u0567\u057d 500 \u0574\u056b\u056c\u056b\u0578\u0576 \u057f\u0578\u056c\u0561\u0580 \u0567:<\/p>\n<p style=\"text-align: justify;\">\u0531\u0580\u0565\u0582\u0574\u057f\u0565\u0561\u0576 \u0531\u0574\u0565\u0580\u056b\u056f\u0561\u0575\u056b \u0540\u0561\u0575 \u0534\u0561\u057f\u056b \u0575\u0561\u0576\u0571\u0576\u0561\u056d\u0578\u0582\u0574\u0562\u0568 \u0578\u0572\u057b\u0578\u0582\u0576\u0565\u0581 \u0584\u0578\u0576\u056f\u0580\u0565\u057d\u0561\u056f\u0561\u0576\u0576\u0565\u0580\u0578\u0582\u0576 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justify;\">\u0540\u0535\u0534 \u0531\u0580\u0565\u0582\u0574\u057f\u0565\u0561\u0576 \u0531\u0574\u0565\u0580\u056b\u056f\u0561\u0575\u056b \u053f\u0565\u0564\u0580\u0578\u0576\u0561\u056f\u0561\u0576 \u057e\u0561\u0580\u0579\u0578\u0582\u0569\u056b\u0582\u0576\u0568 \u0565\u0582\u057d \u0575\u0561\u0575\u057f\u0561\u0580\u0561\u0580\u0578\u0582\u0569\u0561\u0574\u0562 \u0574\u0568 \u0564\u0580\u0578\u0582\u0561\u057f\u0565\u0581 \u0561\u0575\u057d \u0584\u0561\u0575\u056c\u0568\u055d \u0577\u0576\u0578\u0580\u0570\u0561\u056f\u0561\u056c\u0578\u0582\u0569\u056b\u0582\u0576 \u0575\u0561\u0575\u057f\u0576\u0565\u056c\u0578\u057e \u0584\u0578\u0576\u056f\u0580\u0565\u057d\u0561\u056f\u0561\u0576 \u0547\u056b\u0586\u056b\u0576 \u0565\u0582 \u0561\u0576\u0578\u0580 \u057a\u0561\u0577\u057f\u0585\u0576\u0561\u056f\u056b\u0581\u0576\u0565\u0580\u0578\u0582\u0576, \u0574\u056b\u0561\u056a\u0561\u0574\u0561\u0576\u0561\u056f \u0575\u056b\u0577\u0565\u0581\u0576\u0565\u056c\u0578\u057e, 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Adam Schiff (D-Burbank) and nine of his Congressional colleagues from California sent a letter this week to California State Senate President Pro Tempore Kevin De Le\u00f3n in support of California Assembly Bill 1597, which would<\/p>\n","protected":false},"author":1,"featured_media":12614,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[172,115,174],"tags":[129,384],"class_list":["post-12613","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-in-the-news-","category-news","category-174","tag-anca-western-region","tag-384"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Schiff, Colleagues Urge Calif. Senate to Pass Turkey Divestment Bill - Armenian National Committee - International\u2014 \u0540\u0561\u0575 \u0534\u0561\u057f\u056b \u053f\u0565\u0576\u057f\u0580\u0578\u0576\u0561\u056f\u0561\u0576 \u053d\u0578\u0580\u0570\u0578\u0582\u0580\u0564<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ancnews.info\/?p=12613\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Schiff, Colleagues Urge Calif. Senate to Pass Turkey Divestment Bill - Armenian National Committee - International\u2014 \u0540\u0561\u0575 \u0534\u0561\u057f\u056b \u053f\u0565\u0576\u057f\u0580\u0578\u0576\u0561\u056f\u0561\u0576 \u053d\u0578\u0580\u0570\u0578\u0582\u0580\u0564\" \/>\n<meta property=\"og:description\" content=\"(ASBAREZ) WASHINGTON\u2014Rep. Adam Schiff (D-Burbank) and nine of his Congressional colleagues from California sent a letter this week to California State Senate President Pro Tempore Kevin De Le\u00f3n in support of California Assembly Bill 1597, which would\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ancnews.info\/?p=12613\" \/>\n<meta property=\"og:site_name\" content=\"Armenian National Committee - International\u2014 \u0540\u0561\u0575 \u0534\u0561\u057f\u056b \u053f\u0565\u0576\u057f\u0580\u0578\u0576\u0561\u056f\u0561\u0576 \u053d\u0578\u0580\u0570\u0578\u0582\u0580\u0564\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ArmenianNationalCommitteeInternational\" \/>\n<meta property=\"article:published_time\" content=\"2017-06-21T13:39:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ancnews.info\/wp-content\/uploads\/2017\/06\/Schiff-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"407\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@anc_intl\" \/>\n<meta name=\"twitter:site\" content=\"@anc_intl\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.ancnews.info\\\/?p=12613#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ancnews.info\\\/?p=12613\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/www.ancnews.info\\\/#\\\/schema\\\/person\\\/c14ef278e0df508260e67353fe1b7aa0\"},\"headline\":\"Schiff, Colleagues Urge Calif. 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