CT HB05358

Prohibits state agencies and quasi-public agencies from entering into, amending, or renewing large state contracts with foreign entities that have made direct investments of $20 million or more in Iran's energy sector on or after October 1, 2013

Requires all bidders on state contracts who are foreign entities to submit written sworn certifications stating whether they have made or increased such Iran investments, subject to penalties for false statements

Exempts entities making good faith efforts to determine their Iran investment status from false statement penalties, including those checked against California's Iran investment list

Excludes Connecticut retirement plan investments from these requirements while preserving the Treasurer's fiduciary duties

Requires the Secretary of State to notify the U.S. Attorney General of this law's passage within 30 days of the effective date