118th Congress · SENATE BILLBILL

S. 1637 — Combating BDS Act of 2023

“A bill to provide for nonpreemption of measures by State and local governments to divest from entities that engage in certain boycott, divestment, or sanctions activities targeting Israel or persons doing business in Israel or Israeli-controlled territories, and for other purposes.”

Foreign trade and international finance

Introduced May 17, 2023

Last action May 17, 2023

Pipeline · Bill → Law

Step 1

Introduced

May 17, 2023

Step 2

Referred

May 17, 2023

Banking, Housing, and Urban Affairs

Step 3

Committee

Step 4

Senate

Step 5

House floor

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill allows a state or local government to adopt measures to divest its assets from entities using boycotts, divestments, or sanctions to influence Israel's policies. Such measures shall meet various requirements, including those related to written notice and comment. It also bars lawsuits against investment companies based solely on a company's decision to divest from entities that use boycotts, divestments, or sanctions to influence Israel's policies.

Provisions · 5 sectionsIntroduced in Senate

Timeline · 2 actions

May 17, 2023

Introduced in Senate

May 17, 2023

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.