RALEIGH, NC -- Gov. Roy Cooper has signed House Bill 161, known as "Divestment from Companies that Boycott Israel," which prohibits North Carolina from investing in or contracting with companies that boycott the state of Israel.
H.B. 161 was sponsored by Rep. Stephen Ross and directs the state treasurer to adopt a policy prohibiting the state retirement system and the Department of the Treasurer from investing in companies that are boycotting Israel. The law goes into effect October 1 and may take up to a year to be fully implemented. The State Treasurer's Office will then create a policy for canceling state-funded investments of companies that boycott Israel and create a list of companies that violate the policy.
