New Jersey Governor Chris Christie signed into law a resolution passed by the state legislature in June prohibiting the state’s public worker pension fund from investing in companies that boycott Israel or Israeli businesses. Thank the governor!
New Jersey Governor Chris Christie on Tuesday signed into law a resolution passed by the state legislature in June prohibiting the state’s public worker pension fund from investing in companies that boycott Israel or Israeli businesses.
“Israel is the beacon of democracy in a region that is constantly in turmoil,” Christie said, calling Israel America’s “one, true and best friend.”
The $71 billion pension fund provides coverage for about 800,000 current and retired state workers.
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,” the bill reads. “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.”
New Jersey now joins nearly a dozen US states who have passed laws fighting the anti-Israel BDS (Boycott, Divest, Sanctions) movement over the past year.
More than 20 states are considering, or have passed, legislation targeting companies that comply with the anti-Israel BDS (Boycott, Divestment and Sanctions) movement, and many countries around the world have introduced and passed similar laws.
The BDS movement promotes financial, academic and cultural boycotts against Israel, ostensibly as a nonviolent struggle against the so-called “Israeli occupation.”
BDS activities are a modern form of anti-Semitism, and the movement’s true objective is to destroy the State of Israel.
Thank Governor Christie for supporting Israel!
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1. Click here to write on Gov. Christie’s Facebook page.
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