PA Senate overwhelmingly passes bill to continue support for Israeli investment

28 June 2024- Treasurer Stacy Garrity praised the state Senate for passing the Stand with Israel Act, Senate Bill 1260, today. The bill, sponsored by Sen. Steve Santarsiero (D-10) and Sen. Kristin Phillips-Hill (R-28), was approved with an overwhelming bipartisan majority.

“Israel is our greatest ally in the Middle East, and it’s important for Pennsylvania to show our steadfast support. I congratulate the Senate for passing this legislation with such a strong majority, and I thank Senators Santarsiero and Phillips-Hill for taking the lead on this important issue. I urge the House of Representatives to consider it without delay and send this bill to Governor Shapiro for his signature.”
 Pennsylvania Treasurer Stacy Garrity

SB 1260 will prohibit the Pennsylvania Treasury Department, along with SERS, PSERS, and PMRS, from boycotting or divesting from Israel and companies doing business with Israel. It will also prohibit Commonwealth funds from going directly to an institution of higher education that engages in such a boycott or divestment.