Bill > A04434

This bill establishes purchasing restrictions and investment limitations for entities that engage in boycotting Israel. The legislation requires the commissioner of general services to develop and maintain a public list of companies that are deemed to be boycotting Israel, defined as actions intended to penalize or limit commercial relations with Israel or Israeli companies. Companies on this list will be considered non-responsive bidders for state procurement contracts and will be prohibited from receiving state contracts. The bill mandates that state agencies require potential contractors to certify they are not on the boycott list and prohibit the use of subcontractors from the list. Additionally, the bill restricts the New York State Common Retirement Fund from investing in stocks, securities, or other financial obligations of companies or institutions that boycott Israel. The commissioner must update the list every 180 days and provide notice to companies before inclusion, allowing them an opportunity to demonstrate they are not engaged in boycott activities. Companies may be exempted from the restrictions in specific circumstances, such as if the boycott occurred before the law's effective date and the company has a plan to cease such activities, or if the state agency determines the commodities or services are necessary to perform its functions. The comptroller is required to report on investment changes and compliance with the law annually.

Government Affairs

https://www.nysenate.gov/legislation/bills/2025/A4434