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)
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.
Get The Times of Israel's Daily Editionby email and never miss our top stories
Other states to have passed similar legislation or executive measures against BDS include New York, Georgia, South Carolina, Illinois and Colorado.
Help us report truthfully on social media
As a multimedia journalist, my job is to take the quality, fact-based journalism produced by The Times of Israel newsroom and make it accessible across every platform — from Instagram posts to podcasts to short-form videos.
This is how many, especially young people, consume news these days. But misinformation is rampant on social media. Our team at ToI produces accurate, responsible short-form reporting on Israel and the Jewish world.
If you believe in the importance of factual social media journalism, please consider joining our reader support group, The Times of Israel Community. Your financial support is essential to sustain responsible multimedia reporting.
We’re really pleased that you’ve read X Times of Israel articles in the past month.
That’s why we started the Times of Israel - to provide discerning readers like you with must-read coverage of Israel and the Jewish world.
So now we have a request. Unlike other news outlets, we haven’t put up a paywall. But as the journalism we do is costly, we invite readers for whom The Times of Israel has become important to help support our work by joining The Times of Israel Community.
For as little as $6 a month you can help support our quality journalism while enjoying The Times of Israel AD-FREE, as well as accessing exclusive content available only to Times of Israel Community members.
Thank you, David Horovitz, Founding Editor of The Times of Israel
Add ToI as a Preferred Source on Google
