NEW JERSEY PASSES LEGISLATION PROHIBITING ANTI-ISRAEL BDS:

Posted on Jul 3, 2016

The New Jersey Legislature passed legislation that prohibits the state from investing pension and annuity funds in companies that boycott Israel or Israeli businesses. The bipartisan bill in response to the Boycott, Divestment and Sanctions, or BDS, movement against Israel passed the state’s General Assembly this week by a vote of 69-3 with 2 abstentions. Gov. Chris Christie is expected to sign the bill into law. The state’s $71 billion pension fund provides coverage for about 800,000 current and retired public employees. Israel and New Jersey annually trade more than $1.3 billion in goods, according to the legislation. "It is important to the economic well-being of New Jersey that persons or entities conducting commercial trade and doing business in the State do not engage in boycotts of a legitimate and viable partner with whom New Jersey can enjoy open trade contracting,” according to the legislation. "Therefore, it is in the best interest of this State that a statutory prohibition be enacted to prohibit the investment of public employee retirement funds in companies boycotting Israel.” In total, 21 states have taken up anti-BDS legislation. (J. Post) This is yet another encouraging answer to prayer in the battle against the anti-Semitic Boycott, Divestment and Sanctions movement against Israel. Please intercede for a complete victory over these parasitic attempts to drain the economy of the Jewish state, wherever they lift their ugly heads.