New York S03094 amends state finance and retirement laws to restrict investments and procurement contracts with entities boycotting American allies.

New York S03094 amends the state finance law and the retirement and social security law to restrict investments and procurement contracts with entities boycotting American allies. The bill defines "allied nation" and "boycott" and requires the commissioner to develop and publish a list of persons boycotting these nations. State agencies must certify that they are not on this list to be eligible for procurement contracts. The bill also prohibits investments in entities boycotting American allies and mandates divestment from such entities within five years. The act takes effect immediately.

New York S03094 amends state finance and retirement laws to restrict investments and procurement contracts with entities boycotting American allies.

New York S03094 amends the state finance law and the retirement and social security law to restrict investments and procurement contracts with entities boycotting American allies. The bill defines "allied nation" and "boycott" and requires the commissioner to develop and publish a list of persons boycotting these nations. State agencies must certify that they are not on this list to be eligible for procurement contracts. The bill also prohibits investments in entities boycotting American allies and mandates divestment from such entities within five years. The act takes effect immediately.