Statewide Iowa — A bill to prohibit the state-run pension fund from owning stock in the parent company of Ben and Jerry’s ice cream has cleared the Iowa House and is scheduled for debate in the Senate.
In July, the founders of Ben and Jerry’s announced their ice cream would no longer be sold in disputed territories in Israel. Representative Carter Nordman, a Republican from Adel, was the bill’s floor manager in the House.
Nordman says 38 other states have taken similar steps to ban state pension funds from owning stock in Unilever. The company bought Ben and Jerry’s two decades ago, but agreed to continue the ice company’s social missions.
Representative Mary Wolfe, a Democrat from Clinton, says Ben and Jerry’s founders are respectfully disagreeing with Israeli policy.
In September, New Jersey and Arizona pension funds dumped 325 million dollars worth of Unilever stock. Unilever is based in London and owns 400 different brands, including Hellman’s Mayonnaise, Axe body spray and Q-Tips.
