Indiana is preparing to pull tens of millions of dollars in retirement investments out of companies that are seeking to inflict economic harm on Israel. A bill awaiting Gov. Mike Pence’s signature would require the Indiana Public Retirement System to identify and divest from companies that are boycotting Israel. House Bill 1378, which passed unanimously in the House and 47-3 in the Senate, is targeting businesses that are engaged in the boycott, divestment and sanctions, or BDS, campaign.
BDS is an international movement aimed at ending Israel’s occupation of Palestinian territories, in part by penalizing the Israeli economy. The campaign targets institutions that do business in or are perceived to profit from Israeli settlements. Companies, financial institutions and religious organizations around the world have divested from Israel in recent years as part of BDS. The United Methodist Church’s pension board in January, for instance, decided to remove its investments from banks that have branches in Israeli settlements. READ MORE