- Legislation
- A8271 (2021)
- Status
- Pending
- Introduced
- August 2021
- Type(s)
- Anti-boycott, State Contracts, State Investments
- Full Text
- Read A8271 (2021)
This anti-boycott bill prohibits state contracts with and state investment—both direct and indirect—in companies that boycott Israel. The bill calls for the creation of a blacklist of restricted companies from which the state must divest and in which it cannot directly invest. The bill excludes indirect investments where it is unlikely that more than 0.05% of the fund’s total investments is invested in blacklisted companies. The bill also prohibits state contracts of any value with entities that boycott Israel, requiring the commissioner of taxation and finance to confirm that the company is not engaged in prohibited boycotts before accepting a bid. This bill expands the scope of New York’s executive order prohibiting state investment in companies that boycott Israel.