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New York's law would require the state to create a blacklist of all companies that boycott Israel, disqualifying them from receiving state banking contracts. The law would also require the state's pension funds to divest from blacklisted entities.
New York's 2016 executive order requires the state to create a blacklist of all institutions and companies that are determined to participate in boycott, divestment or sanctions activity targeting Israel, either directly or through a parent or subsidiary. The executive order requires all state entities to divest all money or assets from any institution or company that is included in the list. New York's Senate introduced legislation in January, 2022, to upgrade the executive order to statute.