Text: H.R.2645 — 114th Congress (2015-2016)All Information (Except Text)

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Introduced in House (06/04/2015)


114th CONGRESS
1st Session
H. R. 2645


To amend title 5, United States Code, to prevent the Thrift Savings Fund from investing in any company that boycotts Israel.


IN THE HOUSE OF REPRESENTATIVES

June 4, 2015

Mr. Brendan F. Boyle of Pennsylvania introduced the following bill; which was referred to the Committee on Oversight and Government Reform


A BILL

To amend title 5, United States Code, to prevent the Thrift Savings Fund from investing in any company that boycotts Israel.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Limitation on investment of the Thrift Savings Fund.

Section 8438 of title 5, United States Code, is amended by adding at the end the following:

“(i) (I) Notwithstanding any other provision of law, no amounts may be invested under this section in any company that boycotts Israel.

“(II) In this clause—

“(aa) the term ‘boycotts Israel’ means engaging in actions that are politically motivated and are intended to penalize, inflict economic harm on, or otherwise limit commercial relations with Israel or companies based in Israel or in territories controlled by Israel; and

“(bb) the term ‘company’ means any sole proprietorship, organization, association, corporation, partnership, joint venture, limited partnership, limited liability partnership, limited liability company, or other entity or business association, including all wholly owned subsidiaries, majority-owned subsidiaries, parent countries or affiliates of those entities or business associations, that exist for the purpose of making profit.”.