New Jersey passes legislation prohibiting anti-Israel BDS

The bipartisan bill in response to the Boycott, Divestment and Sanctions movement against Israel passed the state’s General Assembly by a vote of 69-3 with 2 abstentions.

By JTA
June 28, 2016 09:28
1 minute read.
bds boycott

Activists from the BDS movement against Israel [File]. (photo credit: Wikimedia Commons)

 
X

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

  • A user uxperience almost completely free of ads
  • Access to our Premium Section and our monthly magazine to learn Hebrew, Ivrit
  • Content from the award-winning Jerusalem Repor
  • 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

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Don't show it again

The New Jersey Legislature passed legislation that prohibits the state from investing pension and annuity funds in companies that boycott Israel or Israeli businesses.

The bipartisan bill in response to the Boycott, Divestment and Sanctions, or BDS, movement against Israel passed the state’s General Assembly on Monday by a vote of 69-3 with 2 abstentions. It unanimously passed the state Senate in May.

Be the first to know - Join our Facebook page.


Gov. Chris Christie is expected to sign the bill into law.

The state’s $71 billion pension fund provides coverage for about 800,000 current and retired public employees. A state Treasury Department spokesman told the Philadelphia Inquirer that he was not aware of any companies that the pension fund is invested in that would violate the legislation.

Israel and New Jersey annually trade more than $1.3 billion in goods, according to the legislation.

“It is important to the economic well-being of New Jersey that persons or entities conducting commercial trade and doing business in the State do not engage in boycotts of a legitimate and viable partner with whom New Jersey can enjoy open trade contracting,” according to the legislation. “Therefore, it is in the best interest of this State that a statutory prohibition be enacted to prohibit the investment of public employee retirement funds in companies boycotting Israel.”

The divestment from such funds must occur within two years of the passage of the legislation.



At least 12 states have passed anti-BDS legislation, including Arizona, Colorado, Florida, Georgia, Illinois, Indiana, Iowa and South Carolina. New York Gov. Andrew Cuomo recently signed an executive order banning state agencies from investing in companies that support BDS.

In total, 21 states have taken up anti-BDS legislation.


Related Content

Israel soccer
June 24, 2018
Israeli soccer fans harassed at World Cup in Moscow

By JTA