Bill > S01255

This bill establishes new regulations regarding business interactions with Israel, focusing on preventing state agencies and public funds from engaging with companies that participate in boycotts against Israel. Specifically, the bill requires the commissioner of general services to compile and maintain a public list of companies that are deemed to be "boycotting Israel," which is defined as taking actions intended to economically harm or limit commercial relations with Israel or Israeli companies. Companies on this list will be considered non-responsive bidders for state contracts and will be prohibited from participating in state procurement processes. The bill mandates that businesses seeking state contracts must certify they are not engaged in boycott activities, and provides a 90-day notice period for companies to demonstrate they have ceased such activities before facing potential sanctions. Additionally, the bill prohibits the state's common retirement fund from investing in stocks, securities, or other obligations of companies identified as boycotting Israel. The comptroller is required to take action to divest from such investments within three years and must provide annual reports detailing the progress of these divestment efforts. The legislation aims to discourage boycotts of Israel and protect Israel's economic interests through state-level economic measures.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/S1255