,,ii  #aad? ,,congress  #b;d ,session   
,s4 #beca  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,febru>y #aj1 #bjaf    
,mr4 ,kirk 7= himself & ,mr4 ,man*97    
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,bank+1 ,h\s+1 & ,urban ,affairs  ,a    
,,bill  ,to au?orize ,/ate & local      
gov]nm5ts to dive/ f entities t engage 9
 comm]ce-relat$ or inve/m5t-relat$      
boycott1 dive/m5t1 or sanctions         
activities t>get+ ,israel1 & = o!r      
purposes4  #a4 ,%ort title  ,?is ,act   
may be cit$ z ! ,combat+ ,,bds ,act (   
#bjaf4  #b4 ,au?ority ( ,/ate & local   
gov]nm5ts to dive/ f entities t engage 9
 c]ta9 boycott1 dive/m5t1 or sanctions  
activities t>get+ ,israel  7a7 ,au?ority
 ,to dive/ ,not)/&+ any o!r provision ( 
law1 a ,/ate or local gov]nm5t may adopt
 & en=ce measures t meet ! notice       
requirem5t ( subsection 7b7 to dive/ !  
assets ( ! ,/ate or local gov]nm5t f1 or
 prohibit inve/m5t ( ! assets ( ! ,/ate 
or local gov]nm5t 9--  7#a7 an entity t 

! ,/ate or local gov]nm5t det]m9es1 us+ 
cr$ible in=mation available to ! public1
 engages 9 a comm]ce-relat$ or          
inve/m5t-relat$ boycott1 dive/m5t1 or   
sanctions activity t>get+ ,israel2  7#b7
 a successor entity or subunit ( an     
entity describ$ 9 p>agraph 7#a72 or     
7#c7 an entity t owns or controls1 is   
own$ or controll$ by1 or is "u common   
own]%ip or control )1 an entity describ$
 9 p>agraph 7#a74  7b7 ,notice          
requirem5t  7#a7 ,9 g5]al ,a ,/ate or   
local gov]nm5t %all provide writt5      
notice to ea* entity to :i* a measure   
tak5 by ! ,/ate or local gov]nm5t "u    
subsection 7a7 is to be appli$ be=e     
apply+ ! measure ) respect to ! entity4 
7#b7 ,rule ( con/ruction ,p>agraph 7#a7 
%all n be con/ru$ to prohibit a ,/ate or
 local gov]nm5t f tak+ additional /eps  
to provide due process ) respect to an  
entity to :i* a measure is to be appli$ 
"u subsection 7a74  7c7 ,nonpreemption  
,a measure ( a ,/ate or local gov]nm5t  
au?oriz$ "u subsection 7a7 is n preempt$

 by any ,f$]al law4  7d7 ,effective date
  ,?is section applies to any measure   
adopt$ by a ,/ate or local gov]nm5t     
be=e1 on1 or aft] ! date ( ! enactm5t ( 
?is ,act4  7e7 ,rule ( con/ruction ,no?+
 9 ?is section %all be con/ru$ to       
abridge ! au?ority ( a ,/ate to issue & 
en=ce rules gov]n+ ! safety1 s\ndness1 &
 solv5cy ( a f9ancial in/itution subject
 to its jurisdiction or ! bus9ess (     
insurance pursuant to ! ,act ( ,m>* #i1 
#aide 7#ei ,/at4 #cc1 *apt] #bj2 #ae    
,u4,s4,c4 #ajaa et seq47 7commonly kn[n 
z ! ,mc,carran-,f]guson ,act74  7f7     
,def9itions ,9 ?is section3 7#a7 ,assets
  7,a7 ,9 g5]al ,except z provid$ 9     
subp>agraph 7,b71 ! t]m assets means any
 p5sion1 retirem5t1 annuity1 or end[m5t 
fund1 or simil> in/rum5t1 t is controll$
 by a ,/ate or local gov]nm5t4  7,b7    
,exception ,! t]m assets does n include 
employee b5efit plans cov]$ by title ,i 
( ! ,employee ,retirem5t ,income        
,security ,act ( #aigd 7#bi ,u4,s4,c4   
#ajja et seq474  7#b7 ,boycott1         

dive/m5t1 or sanctions activity t>get+  
,israel ,! t]m boycott1 dive/m5t1 or    
sanctions activity t>get+ ,israel means 
any activity t is int5d$ to p5alize1    
inflict economic h>m on1 or o!rwise     
limit comm]cial relations ) ,israel or  
p]sons do+ bus9ess 9 ,israel or 9       
,israeli-controll$ t]ritories = purposes
 ( co]c+ political action by1 or impos+ 
policy positions on1 ! ,gov]nm5t (      
,israel4  7#c7 ,entity ,! t]m entity    
includes-- 7,a7 any corporation1        
company1 bus9ess association1 p>tn]%ip1 
or tru/2 &  7,b7 any gov]nm5tal entity  
or in/rum5tality ( a gov]nm5t1 includ+ a
 multilat]al developm5t in/itution 7z   
def9$ 9 section #agja7;c77#c7 ( !       
,int]national ,f9ancial ,in/itutions    
,act 7#bb ,u4,s4,c4 #bfbr7c77#c7774     
7#d7 ,inve/m5t ,! t]m inve/m5t          
includes-- 7,a7 a commitm5t or          
contribution ( funds or prop]ty2  7,b7 a
 loan or o!r ext5sion ( cr$it2 &  7,c7 !
 entry into or r5ewal ( a contract =    
goods or s]vices4  7#e7 ,/ate ,! t]m    

,/ate means ea* ( ! sev]al ,/ates1 !    
,di/rict ( ,columbia1 ! ,commonweal? (  
,pu]to ,rico1 ! ,commonweal? ( ! ,nor!rn
 ,m>iana ,isl&s1 ,am]ican ,samoa1 ,guam1
 ! ,unit$ ,/ates ,virg9 ,isl&s1 & any   
o!r t]ritory or possession ( ! ,unit$   
,/ates4  7#f7 ,/ate or local gov]nm5t ,!
 t]m ,/ate or local gov]nm5t includes-- 
7,a7 any ,/ate & any ag5cy or           
in/rum5tality !re(2  7,b7 any local     
gov]nm5t )9 a ,/ate & any ag5cy or      
in/rum5tality !re(2 &  7,c7 any o!r     
gov]nm5tal in/rum5tality ( a ,/ate or   
locality4  #c4 ,safe h>bor = *anges (   
inve/m5t policies by asset manag]s      
,section #ac7;c77#a7 ( ! ,inve/m5t      
,company ,act ( #aidj 7#ae ,u4,s4,c4    
#hj;a-#ac7;c77#a77 is am5d$--  7#a7 9   
subp>agraph 7,a71 by /rik+ 2 or & ins]t+
 a semicolon2  7#b7 9 subp>agraph 7,b71 
by /rik+ ! p]iod at ! end & ins]t+ 2 or2
 &  7#c7 by add+ at ! end ! foll[+3     
7,c7 engage 9 any boycott1 dive/m5t1 or 
sanctions activity t>get+ ,israel       
describ$ 9 section #b ( ! ,combat+ ,,bds

 ,act ( #bjaf4  4