Trump backer Gov. Chris Christie signs anti-BDS legislation
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Trump backer Gov. Chris Christie signs anti-BDS legislation

Bill passed by New Jersey lawmakers prohibits pension and annuity funds from investing in firms that boycott Israel and Israeli businesses

New Jersey Governor Chris Christie speaks at a town hall event at a metal fabrication company in Hudson, New Hampshire, on February 8, 2016. (AFP/Dominick Reuter)
New Jersey Governor Chris Christie speaks at a town hall event at a metal fabrication company in Hudson, New Hampshire, on February 8, 2016. (AFP/Dominick Reuter)

TRENTON, New Jersey — New Jersey Gov. Chris Christie has signed legislation that would bar the state’s public pension fund from investing with companies that boycott Israel.

The Republican governor, a key backer of Republican presidential candidate Donald Trump, signed the legislation Tuesday.

The legislation, passed with overwhelming support in the Democrat-led Legislature in June, prohibits state agencies from investing in pension and annuity funds of companies that engage in political boycotts of the Jewish State.

The measure is part of a broader effort to oppose the boycott, divestment and sanctions movement (BDS) that targets Israel and Israeli businesses.

New Jersey Gov. Chris Christie addresses a gathering after signing legislation at the Statehouse that would bar the state's public pension fund from investing with companies that boycott Israel or Israeli businesses, Tuesday, Aug. 16, 2016, in Trenton, New Jersey. (AP Photo/Mel Evans)
New Jersey Gov. Chris Christie addresses a gathering after signing legislation at the Statehouse that would bar the state’s public pension fund from investing with companies that boycott Israel or Israeli businesses, Tuesday, Aug. 16, 2016, in Trenton, New Jersey. (AP Photo/Mel Evans)

The legislation requires the State Investment Council, which manages more than $80 billion in pension assets, to identify any potential investments in companies with Israeli boycotts and to divest from them.

Other states to have passed similar legislation or executive measures against BDS include New York, Georgia, South Carolina, Illinois and Colorado.

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