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Who cares
Headline styles
Sponsors
2 Co-sponsors
History
- Notice of committee consideration - requested
- Referred to finance
- Referred to rules
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the state finance law, in relation to purchasing restrictions on persons boycotting Israel; and to amend the retirement and social security law, in relation to the investment of certain public funds in companies boycotting Israel
Purpose
To prohibit New York State from contracting with or investing taxpayer money in corporations who have a stated policy of boycotting Israel.
Summary of provisions
Section 1 amends the state finance law, adding a new section 165-b to provide the limitations on state procurement with vendors who have a policy of boycotting Israel.
Section 2 amends the retirement and social security law, adding new section 423-d provides that the state shall not invest any public retirement funds in a company with a policy of boycotting Israel.
Justification
The Boycott, Divest, Sanctions movement (BDS) is a harmful discriminatory policy effectuated by a growing number of companies. The BDS movement is nothing more than thinly veiled anti-semitism. This bill would ensure that New York continues its long history of standing up to discrimination by condemning this movement and not doing business with these companies.
A growing number of states have passed bills dealing with both state contracting and state retirement funds; this bill ensures that money from neither will go to companies with this discriminatory policy in New York State.
Legislative history
New bill.
Fiscal implications
Minimal.
Effective date
This act shall take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.