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Bill > SB1260
PA SB1260
PA SB1260Prohibiting the State Treasurer, the State Employees' Retirement System, the Public School Employees' Retirement System and the Pennsylvania Municipal Retirement System from boycotting or divesting from Israel; and prohibiting funding to an institution of higher education that engages in a boycott against or divestment from Israel.
summary
Introduced
06/18/2024
06/18/2024
In Committee
06/27/2024
06/27/2024
Crossed Over
06/27/2024
06/27/2024
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
2023-2024 Regular Session
Bill Summary
Prohibiting the State Treasurer, the State Employees' Retirement System, the Public School Employees' Retirement System and the Pennsylvania Municipal Retirement System from boycotting or divesting from Israel; and prohibiting funding to an institution of higher education that engages in a boycott against or divestment from Israel.
AI Summary
This bill prohibits the State Treasurer, the State Employees' Retirement System, the Public School Employees' Retirement System, and the Pennsylvania Municipal Retirement System from boycotting or divesting from Israel through their direct and indirect holdings and alternative investments. It also prohibits the Commonwealth from providing funding to any institution of higher education that engages in a boycott or divestment from Israel. The bill defines key terms like "boycott against or divestment from Israel," "commercial financial activity in Israel," and "public fund," and outlines the fiduciary and prudent investing responsibilities of these entities in complying with the act. It also exempts certain state-administered defined contribution plans from the bill's provisions.
Committee Categories
Budget and Finance, Government Affairs
Sponsors (13)
Steve Santarsiero (D)*,
Dave Argall (R),
Lisa Baker (R),
Lisa Boscola (D),
Cris Dush (R),
Frank Farry (R),
Marty Flynn (D),
Wayne Langerholc (R),
Scott Martin (R),
Tracy Pennycuick (R),
Kristin Phillips-Hill (R),
Greg Rothman (R),
Judy Ward (R),
Last Action
Referred to STATE GOVERNMENT (on 06/27/2024)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.legis.state.pa.us/cfdocs/billinfo/bill_history.cfm?syear=2023&sind=0&body=S&type=B&bn=1260 |
| Senate Fiscal Note PN 1738 | https://www.legis.state.pa.us/WU01/LI/BI/SFN/2023/0/SB1260P1738.pdf |
| BillText | https://www.legis.state.pa.us/cfdocs/legis/PN/Public/btCheck.cfm?txtType=PDF&sessYr=2023&sessInd=0&billBody=S&billTyp=B&billNbr=1260&pn=1738 |
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