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  • NJ S1923
  • Prohibits investment of pension and annuity funds by State in companies that boycott Israel or Israeli businesses.
Introduced
(3/10/2016)
In Committee
(5/19/2016)
Crossed Over
(6/27/2016)
Passed
(6/27/2016)
Signed
(8/16/2016)
Dead/Failed/Vetoed
2016-2017 Regular Session
This bill would prohibit the investment of New Jersey public employee retirement funds in any company that boycotts, divests from, or sanctions Israel or Israeli businesses, or boycotts those doing business with Israel, or boycotts companies operating in Israel or Israeli-controlled territory. The State of New Jersey reaffirms its interest in viable trade and exchange with allies of the United States and vibrant economic partners of the United States and the State and in finding new opportunities for the State to enhance cooperation and initiatives of mutual economic benefit. The bill does not apply to the activities of any company providing humanitarian aid to the Palestinian people through either a governmental or non-governmental organization unless that company boycotts the goods, products, or businesses of Israel, or discriminates against people doing business with Israel and entities owned or controlled by the government of Israel, or entities operating in Israel or Israeli-controlled territory. The bill would require the State Investment Council and the Director of the Division of Investment to take appropriate action to identify companies that violate the prohibition and to divest any investment held in violation of the prohibition. Progress reports by the division regarding these divestments would be required by the bill. Illinois's legislature recently passed similar legislation restricting investment of its pension fund in companies that boycott Israel.
2nd Reading in the Assembly, 2nd Reading in the Senate, Bills and Joint Resolutions Signed by the Governor, Budget and Appropriations, Passed Assembly, Passed both Houses, Passed Senate, State Government, Wagering, Tourism & Historic Preservation
Approved P.L.2016, c.24.  (on 8/16/2016)
 
 

Date Chamber Action Description
8/16/2016 S Approved P.L.2016, c.24.
6/27/2016 S Passed Senate (Passed Both Houses) (37-0)
6/27/2016 S Received in the Senate, 2nd Reading on Concurrence
6/27/2016 A Passed by the Assembly (70-3-2)
6/27/2016 A Substituted for A925 (AS/1R)
6/16/2016 A Assembly Floor Amendment Passed (Johnson)
5/19/2016 A Reported out of Assembly Committee, 2nd Reading
5/19/2016 Assembly State and Local Government Hearing (14:00 5/19/2016 Committee Room 13, 4th Floor)
5/12/2016 A Received in the Assembly, Referred to Assembly State and Local Government Committee
5/9/2016 S Passed by the Senate (39-0)
5/5/2016 Senate State Government, Wagering, Tourism & Historic Preservation Hearing (13:00 5/5/2016 Committee Room 10, 3rd Floor)
5/5/2016 S Reported from Senate Committee, 2nd Reading
5/5/2016 Senate State Government, Wagering, Tourism & Historic Preservation Hearing (13:00 5/5/2016 Committee Room 7, 2nd Floor)
3/10/2016 S Introduced in the Senate, Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee
Date Motion Yea Nay Other
Detail 6/27/2016 Senate Floor: Amend 37 0 3
Detail 6/27/2016 Assembly Floor: Substitute For A925 Asaa (Voice Vote) 0 0 0
Detail 6/27/2016 Assembly Floor: Third Reading - Final Passage 70 3 7
Detail 5/19/2016 Assembly State and Local Government Committee: Reported Favorably 3 0 2
Detail 5/9/2016 Senate Floor: Third Reading - Final Passage 39 0 1
Detail 5/5/2016 Senate State Government, Wagering, Tourism & Historic Preservation Committee: Reported Favorably 4 0 1