January 27, 2011, Chicago, IL – Mahmoud Bambouyani and Bita Buenrostro are two prominent Iranian Americans who are campaigning in the 38th and 43rd wards, respectively, for the honor of representing their local district in Chicago’s city council as alderman. Chicago is divided into fifty legislative wards. Each ward is represented by an alderman who is elected by their constituency to serve a four year term. In addition to representing the interests of their ward’s residents, the fifty elected aldermen comprise the Chicago City Council, which serves as the legislative branch of government of the City of Chicago. The election, which will be held on February 22nd, marks the first time that two Iranian Americans have run for public office in the City of Chicago.
January 26, 2011, Washington, D.C. – On February 17th, 2011, the Washington D.C. Chapter of the Iranian American Bar Association (IABA) will host an informative panel discussion entitled, “2011 OFAC Update: Iran Sanctions.” This event, which will be held at Venable, LLP, will feature a panel of legal experts and officials from the Treasury Department’s Office of Foreign Assets Control (OFAC).
As a proud co-sponsor of the event, PAAIA encourages all its members to attend this informative and timely panel discussion.
January 25, 2011, Los Angeles, CA –The 1st Annual Persian Thanks food drive kicked off this past November. PAAIA Chapter members in Los Angeles, Orange County, San Diego, and the Bay Area mobilized and brought food to homeless shelters and crisis centers during Thanksgiving week. Persian Thanks is a new PAAIA program that embraces American culturePersian style.
January 25, 2011, Washington, D.C. – The current economic and political instability in Iran is causing many Iranian-Americans to sell properties in Iran they did not liquidate before moving to the United States, be it offices, farmland, factories, or even former family homes. A number of others are going through Iranian courts to reclaim properties that were seized by the government after the revolution. What most Iranian-Americans unfortunately do not know is that U.S. laws require U.S. persons (as defined by the applicable regulations) to obtain a specific license from the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) to engage in transactions related to and including the sale of their personal property in Iran. Many of them also do not know that they cannot invest in Iran, or that the definition of investment under the applicable law covers more activities than they may think. Additionally, OFAC regulations do not stop there.