US SB170 | 2017-2018 | 115th Congress
Status
Spectrum: Slight Partisan Bill (Republican 34-15)
Status: Introduced on January 17 2017 - 25% progression, died in committee
Action: 2017-01-17 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 17 2017 - 25% progression, died in committee
Action: 2017-01-17 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]
Summary
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.
Title
Combating BDS Act of 2017
Sponsors
History
Date | Chamber | Action |
---|---|---|
2017-01-17 | Senate | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. |
Same As/Similar To
HB2856 (Related) 2017-06-08 - Referred to the House Committee on Financial Services.
Subjects
Arab-Israeli relations
Employee benefits and pensions
Finance and financial sector
Financial services and investments
Government employee pay, benefits, personnel management
Government information and archives
Israel
Middle East
Sanctions
State and local finance
State and local government operations
Trade restrictions
U.S. and foreign investments
Employee benefits and pensions
Finance and financial sector
Financial services and investments
Government employee pay, benefits, personnel management
Government information and archives
Israel
Middle East
Sanctions
State and local finance
State and local government operations
Trade restrictions
U.S. and foreign investments
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/115th-congress/senate-bill/170/all-info |
Text | https://www.congress.gov/115/bills/s170/BILLS-115s170is.pdf |