Christie Signs Bill Requiring Anti-Israel Firms Divestment

By THE ASSOCIATED PRESS TRENTON, N.J. — Aug 16, 2016, 12:25 PM ET

New Jersey Gov. Chris Christie has signed legislation that would bar the state's public pension fund from investing with companies that boycott Israel or Israeli businesses.

The Republican governor signed the legislation Tuesday.

The legislation passed with overwhelming support in the Democrat-led Legislature in June.

The measure is part of a broader effort to oppose the so-called boycott, divestment and sanctions movement that targets Israel and Israeli businesses.

The legislation requires the State Investment Council, which manages more than $80 billion in pension assets, to identify any potential investments in companies with Israeli boycotts and to divest from them.