- Published: Friday, July 24, 2015 09:21 AM
SPRINGFIELD–A bipartisan measure sponsored by State Senator Ira Silverstein (D–Chicago) to guide state pensions systems in not investing in companies that boycott Israel was signed today by the governor.
“Corporations have the right to boycott Israel but the state has the right to reject investing in corporations who choose that position. Our nation’s relationship with Israel must guide our state’s investment policies,” Silverstein said.
Senate Bill 1761 establishes the Illinois Investment Policy Board to be made up of appointees from Gov. Rauner’s office and the state employee pension systems; board members would not be paid. A list of companies openly boycotting Israel or those friendly with Iran, Sudan or other anti-Semitic entities would be maintained to advise investment policy.
Senate Bill 1761 was approved in the Senate in April and the House in May with broad bipartisan support in both chambers.