UANI & Congressman Ted Deutch Applaud SEC Disclosure Progress

FOR IMMEDIATE RELEASE December 9, 2013  Contact: Nathan Carleton, press@uani.com  Phone: (212) 554-3296   UANI & Congressman Ted Deutch Applaud SEC Disclosure Progress Companies have Filed Hundreds of Disclosures this Year Detailing Iran Business Exposure New York, NY - Today, United Against Nuclear Iran (UANI) joined U.S. Congressman Ted Deutch (D, FL-21) in applauding the progress made in implementing U.S. laws requiring companies to disclose their Iran business activities. As has been recently reported, pursuant to Section 219 of the Iran Threat Reduction and Syria Human Rights Act of 2012, businesses availing themselves of U.S. capital markets have filed nearly 500 disclosures to the Securities and Exchange Commission detailing their Iran business activities. Said UANI CEO, Ambassador Mark D. Wallace: SEC disclosure of Iran business has been a dramatic success of transparency, accountability, and changed behavior. UANI has long maintained that the moment companies are required to disclose their business activities in Iran is the same moment they will begin to end those activities for risk of reputational and financial harm. We thank Congressman Ted Deutch for his leadership in making the disclosure of certain Iran business mandatory. When Congressman Deutch first introduced the Iran Transparency and Accountability Act, businesses rarely if ever self-reported their Iran business activities. As a result, it was nearly impossible for investors, public officials, or concerned citizens to learn whether a company was doing or had done business in Iran or with Iran-affiliated entities. This is no longer the case, as corporations are now filing hundreds of disclosures regarding their Iran exposure in a number of sectors. UANI firmly believes that SEC disclosure should apply to all Iran business in all sectors and we call on Congress to broaden this successful law. Iran is not back open for business. The risks associated with Iran work are far too great for responsible companies. Iran remains an internationally-sanctioned state ruled by a terrorist regime that has yet to verifiably halt its nuclear program. Said Congressman Deutch: The fact that nearly 500 disclosures have already been filed with the SEC shows that the Iran Transparency and Accountability Act is working exactly as designed. By mandating self-disclosure, this law has provided publicly-traded companies with a clear choice between doing business with Iran or having access to the U.S. economy and American investors. Going forward, I strongly urge the SEC to make this information more easily accessible online, so Americans can find out whether or not their investment dollars are undermining our national security objectives. UANI and Congressman Deutch have, for the last three-plus years, worked to require companies investing in the U.S. to disclose Iran business. U.S. sanctions that went into effect in February 2013 were a culmination of these efforts, requiring firms traded on U.S. stock exchanges to disclose certain Iran-related activity to the SEC. Congressman Deutch wrote to the SEC in August, urging it to make the Iran disclosures it receives more easily accessible online. UANI wrote the SEC in 2010, urging action to require companies to disclose their Iran business, and proposing a new SEC regulation. Click here to learn more about UANI's SEC disclosure initiative. Click here to learn more about UANI model legislation. Click here to read Congressman Deutch's August letter to the SEC. Click here to read UANI's 2010 letter to the SEC. ### United Against Nuclear Iran (UANI) is a program of the American Coalition Against Nuclear Iran, Inc., a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code. The Objectives of United Against a Nuclear Iran Inform the public about the nature of the Iranian regime, including its desire and intent to possess nuclear weapons, as well as Iran's role as a state sponsor of global terrorism, and a major violator of human rights at home and abroad; Heighten awareness nationally and internationally about the danger that a nuclear armed Iran poses to the region and the world; Mobilize public support, utilize media outreach, and persuade our elected leaders to voice a robust and united American opposition to a nuclear Iran; Lay the groundwork for effective US policies in coordination with European and other allies; Persuade the regime in Tehran to desist from its quest for nuclear weapons, while striving not to punish the Iranian people, and; Promote efforts that focus on vigorous national and international, social, economic, political and diplomatic measures.  UANI is led by an advisory board of outstanding national figures representing all sectors of our country.

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