Illinois Names Names under anti-BDS law
on March 24, 2016
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Illinois has become the first U.S. state to identify specific companies it will no longer invest state assets in because they engage in the Boycott, Divest and Sanction ("BDS") campaign. LI has discussed various state anti-BDS laws here.
The Illinois Investment Policy Board included eleven companies on its new "Prohibited Investment List" because those companies boycott Israel. The list also includes five companies for their business in or with Iran and dozens of companies for their activities in Sudan.
The listed companies have a grace period before the state actually begins divesting. Under Illinois General Statute 1-110.16:
(e) The Illinois Investment Policy Board shall adhere to the following procedures for companies on the list of restricted companies:







