AL HJR65

Encourages the Retirement Systems of Alabama, Office of the State Treasurer, and Alabama Trust Fund to annually report on investment portfolio holdings in companies violating Iran sanctions.

Establishes divestment criteria including companies that invested $20 million or more in Iran's energy sector since 2010, companies doing business with U.S.-designated terrorist organizations in Iran, and companies facilitating Iran's military material acquisition.

Requires investment staff at the Retirement Systems of Alabama to compile the divestment list using publicly available information from nonprofit organizations, research firms, and federal and state agencies.

Mandates an annual report be provided to board chairs and the State Treasurer, with attempts to contact listed companies to remedy violations before divesting securities in a timely manner.

Eliminates the divestment obligation if Iran sanctions are removed and Iran is no longer designated as a State Sponsor of Terrorism.