Monday, November 20, 2023

Does Texas had a Foreign Policy? The case of CHAPTER 808. PROHIBITION ON INVESTMENT IN COMPANIES THAT BOYCOTT ISRAEL

States aren't supposed to, it falls under the prohibited powers. 

But Texas is Texas.

A law passed in 2017 mandates that the state not invest in companies that boycott Israel.


- Texas Comptroller Glenn Hegar Reminds Businesses About Agency’s Boycott Israel List Amid Israel-Hamas Conflict.

. . . The Hamas terrorists have underestimated Israeli resolve and have invited the full retribution of the Israel Defense Forces (IDF). Similarly, as Israel’s ally, we must not waiver in our support.

“As this conflict unfolds, I remind businesses that my office maintains a list of companies that boycott Israel. Texas Government Code Chapter 808 defines ‘boycott Israel' as ’refusing to deal with, terminating business activities with or otherwise taking any action that is intended to penalize, inflict economic harm on or limit commercial relations specifically with Israel or with a person or entity doing business in Israel or in an Israeli-controlled territory … .'

“Texas has long been a friend and ally of Israel, and we support Israel’s right to defend its land and people. Companies that do business with the state of Texas should keep that in mind.”

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For more: 

- From the Comptroller's office: DIVESTMENT STATUTE LISTS.

- Texas Government Code: Chapter 808.

- HB 89 - 85(R).