All Information (Except Text) for S.170 - Combating BDS Act of 2017115th Congress (2017-2018) |
|Sponsor:||Sen. Rubio, Marco [R-FL] (Introduced 01/17/2017)|
|Committees:||Senate - Banking, Housing, and Urban Affairs|
|Latest Action:||Senate - 01/17/2017 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (All Actions)|
This bill has the status Introduced
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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries
Short Titles - Senate
Short Titles as Introduced
Combating BDS Act of 2017
Official Titles - Senate
Official Titles as Introduced
A bill to provide for nonpreemption of measures by State and local governments to divest from entities that engage in commerce-related or investment-related boycott, divestment, or sanctions activities targeting Israel, and for other purposes.
Actions Overview (1)
|01/17/2017||Introduced in Senate|
01/17/2017 Introduced in Senate
All Actions (1)
|01/17/2017||Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.|
Action By: Senate
01/17/2017 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
|Committee / Subcommittee||Date||Activity||Reports|
|Senate Banking, Housing, and Urban Affairs||01/17/2017||Referred to|
Subject — Policy Area:
One Policy Area term, which best describes an entire measure, is assigned to every public bill or resolution.
- Arab-Israeli relations
- Employee benefits and pensions
- Financial services and investments
- Government employee pay, benefits, personnel management
- Government information and archives
- Middle East
- State and local finance
- State and local government operations
- Trade restrictions
- U.S. and foreign investments
Latest Summary (1)
Introduced in Senate (01/17/2017)
Combating BDS Act of 2017
This bill allows a state or local government to adopt and enforce measures to divest its assets from, prohibit investment of its assets in, or restrict contracting with: (1) an entity that engages in a commerce- or investment-related boycott, divestment, or sanctions activity targeting Israel; or (2) an entity that owns or controls, is owned or controlled by, or is under common ownership or control with such an entity. Such measures are not preempted by federal law. A state or local government that seeks to adopt or enforce such measures shall comply with specified requirements related to notice, timing, and opportunity for comment.
In addition, the bill amends the Investment Company Act of 1940 to prohibit a person from bringing any civil, criminal, or administrative action against a registered investment company based solely upon that company's divestment from securities issued by a person that engages in a commerce- or investment-related boycott, divestment, or sanctions activity targeting Israel.