New York bill A04761 restricts state contracts and investments with entities boycotting allied nations.

New York bill A04761 amends the state finance and retirement laws to restrict state contracts and investments with entities boycotting allied nations. It defines "allied nation" as NATO members, Southeast Asia Treaty signatories, Rio Treaty signatories (excluding Venezuela), Ireland, Israel, Japan, and South Korea. The bill requires state agencies to exclude entities boycotting these nations from procurement contracts. It also prohibits investments in such entities and mandates divestment within five years.

New York bill A04761 restricts state contracts and investments with entities boycotting allied nations.

New York bill A04761 amends the state finance and retirement laws to restrict state contracts and investments with entities boycotting allied nations. It defines "allied nation" as NATO members, Southeast Asia Treaty signatories, Rio Treaty signatories (excluding Venezuela), Ireland, Israel, Japan, and South Korea. The bill requires state agencies to exclude entities boycotting these nations from procurement contracts. It also prohibits investments in such entities and mandates divestment within five years.