Proyectos de ley › 89.ª Asamblea General
Relating to restrictions regarding companies boycotting Israel
Presentado por el comité State Government de la Cámara
Temas:State government
Dónde está ahora
- Hecho: Presentado1 de febrero de 2022
- Hecho: Subcomité1 de febrero de 2022
- Hecho: Comité de la Cámara9 de febrero de 2022
- Hecho: Lo aprueba la Cámara23 de febrero de 202261–35
- Se saltó: Comité del SenadoSe saltó
- Hecho: Lo aprueba el Senado28 de febrero de 202240–5
- Hecho: A gobernador(a)23 de marzo de 2022
- Hecho: Firmado como ley23 de marzo de 2022
Firmado como ley ¿Qué es el embudo (funnel)?
Qué contiene
Resumen con IA Rules that stop government agencies from working with companies that boycott Israel would now also apply to those companies' parent companies, affiliates, and subsidiaries. This means the restrictions extend to any business that is owned or controlled by a company already covered by the law. (Todavía no está traducido al español.)1
Lea la explicación oficial (en inglés)
This bill provides that public sector restrictions regarding companies boycotting Israel pursuant to Code chapter 12J apply to a wholly owned subsidiary, majority-owned subsidiary, parent company, or affiliate of such company.
Texto completo del proyecto (en inglés) · Qué cambió antes de aprobarse2
House subcommittee
Named February 1, 2022 (as HSB 639). On February 8, 2022 it recommended passage. Vote Total: 2-1.
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Nota fiscal
Resumen con IA This bill prohibits public entities from investing in companies that boycott Israel, including their parent companies or affiliates. The Iowa Public Employees’ Retirement System will reallocate approximately $2.7 million in current investments, and any fees from this process will be paid by the IPERS Trust Fund. (en inglés)3
Lea la nota fiscal (en inglés)
Description
House File 2373 relates to restrictions regarding companies boycotting Israel to include companies that are a wholly owned subsidiary, majority-owned subsidiary, parent company, or affiliate of such company.
Background
Iowa Code chapter 12J prohibits the State from investing in companies that boycott Israel. This Iowa Code chapter became effective on July 1, 2016, and required public funds to identify companies for divestment by March 1, 2017 (2016 Iowa Acts, chapter 1102). Pension funds pay a divestment vendor research fees associated with implementing existing language under Iowa Code chapter 12J.
As of June 30, 2021, the Iowa Public Employees’ Retirement System (IPERS) Trust Fund has a balance of $42.850 billion.
Assumptions
- IPERS has identified approximately $2.7 million in investments that will be impacted by this Bill.
- IPERS will direct its external managers to divest from any companies impacted by HF 2373 and reallocate holdings based on the allocation plan determined by the IPERS Investment Board.
Fiscal Impact
House File 2373 requires IPERS to reallocate approximately $2.7 million in current investments, which is 0.006% of the total IPERS investment portfolio. Any fees incurred from reallocating investments will be absorbed within the IPERS Trust Fund.
Sources
- Iowa Public Employees’ Retirement System
- Treasurer of State
- Final Fiscal Note — Public Entity Investments, Israel Boycotting Prohibition · 22 de junio de 2022
- Public Entity Investments, Israel Boycotting Prohibition · 16 de febrero de 2022
- Public Entity Investments, Israel Boycotting Prohibition · 16 de febrero de 2022
Lo que cambia del Código de Iowa (Iowa Code)
Modifica§12J.2
Cabildeo
10 a favor · 1 en contra · 2 indecisos · Quiénes →
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89th General Assembly