Bill > A01516

This bill introduces new restrictions on public pension fund investments and state contracts to prevent financial support for entities that boycott Israel or have significant business ties with Iran or Sudan. Specifically, the bill prohibits the New York State Comptroller from directly investing the common retirement fund in stocks, securities, or other financial assets of any corporation engaged in boycotting Israel, including companies with business operations in Iran or Sudan. The Comptroller is required to create and maintain an "exclusion list" of such companies within six months, which will be publicly available and updated quarterly. Companies can request removal from the list by providing evidence that they no longer meet the boycott or restricted company criteria. Additionally, the bill mandates that any firm, partnership, or corporation on this exclusion list will be disqualified from entering into state contracts, with the Commissioner of Taxation and Finance required to confirm a company's status before accepting bids. The legislation defines "boycott Israel" as actions politically motivated to penalize or limit commercial relations with Israel or Israeli companies, and provides detailed definitions for Iran-restricted and Sudan-restricted companies based on their business activities and connections to those governments.

Labor and Employment

https://www.nysenate.gov/legislation/bills/2025/A1516