S 170 115th Congress Senate Finance and Financial Sector Arab-Israeli relations Employee benefits and pensions Financial services and investments Government employee pay, benefits, personnel management Government information and archives Israel Middle East Sanctions State and local finance State and local government operations Trade restrictions U.S. and foreign investments

Combating BDS Act of 2017

Introduced: January 17, 2017 See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Jan 17, 2017

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Jan 17, 2017

Introduced in Senate

Plain-English summary Congressional Research Service

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.

What's happening now January 17, 2017

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Committees of jurisdiction 1