Summary

                            A bill to provide for nonpreemption of measures by State and local governments to divest from entities that engage in commerce-related or investment-related boycott, divestment, or sanctions activities targeting Israel, and for other purposes.

Introduced in Senate
Combating BDS Act of 2017

This bill allows a state or local government to adopt and enforce measures to
divest its assets from, prohibit investment of its assets in, or restrict
contracting with: (1) an entity that engages in a commerce- or
investment-related boycott, divestment, or sanctions activity targeting Israel;
or (2) an entity that owns or controls, is owned or controlled by, or is under
common ownership or control with such an entity. Such measures are not preempted
by federal law. A state or local government that seeks to adopt or enforce such
measures shall comply with specified requirements related to notice, timing, and
opportunity for comment.

In addition, the bill amends the Investment Company Act of 1940 to prohibit a
person from bringing any civil, criminal, or administrative action against a
registered investment company based solely upon that company's divestment from
securities issued by a person that engages in a commerce- or investment-related
boycott, divestment, or sanctions activity targeting Israel.



                        

Actions

  • Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Jan 17th, 2017
  • Introduced in Senate

    Jan 17th, 2017