Illinois first state to divest pensions from companies that boycott Israel

“We need to stand up to anti-Semitism whenever and wherever we see it,” says Illinois governor.

July 25, 2015 01:12
1 minute read.
 Bruce Rauner

Bruce Rauner, Governor of Illinois.. (photo credit: REUTERS)


Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analysis from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief


Gov. Bruce Rauner signed the historic legislation into law as Jewish community leaders and the consul general of Israel to the Midwest, Roey Gilad, looked on.

“We need to stand up to anti-Semitism whenever and wherever we see it,” Rauner said in a statement. “This historic legislation is an important first step in the fight against boycotts of Israel and I hope other states move quickly to follow our lead.”

The new law, modeled on existing Illinois legislation regarding Iran and Sudan, requires state pension systems to purge from their portfolios companies that directly boycott Israel and send warnings to fund managers when companies engaged in boycott activity are held indirectly inside larger portfolios.

Rauner thanked state Sen. Ira Silverstein and state Rep. Sara Feigenholtz, both Chicago Democrats, for sponsoring the legislation, which the Illinois’ legislature passed unanimously this spring.

Rep. Peter Roskam, whose own legislation combating the Boycott, Divestment and Sanctions movement in Europe was signed into law by President Barack Obama, praised the step by Illinois.

“This is a great day for the State of Illinois and the ongoing battle against the insidious BDS campaign,” said Roskam in a statement. “Once again, Democrats and Republicans have joined together to stand up against those who seek to delegitimize and isolate our ally Israel.”

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

General view of the Eiffel Tower in Paris, France
July 23, 2019
French and Jewish leaders commemorate the 1942 round-up of 13,000 Jews


Cookie Settings