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Christie signs bill requiring divestment from anti-Israel firms

New Jersey Gov. Chris Christie signs legislation that would bar the state’s public pension fund from investing with companies that boycott Israel or Israeli businesses.

The Republican governor signs the legislation Tuesday.

The legislation passed with overwhelming support in the Democrat-led Legislature in June.

The measure is part of a broader effort to oppose the so-called boycott, divestment and sanctions movement that targets Israel and Israeli businesses.

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.

AP

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)

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