Sec. 1. The general assembly finds the following:
(1) Mandatory divestment by the system of the system's holdings in certain companies is a measure that should be employed only under extraordinary circumstances.
(2) The Jewish state of Israel is the only democracy in the Middle East.
(3) By virtue of shared values and interests, the Jewish state of Israel is the strongest ally of the United States in the Middle East.
(4) The fundamental principles of the United States are offended by attempts to:
(A) delegitimize Israel's existence;
(B) demonize the Jewish state; or
(C) undermine the Jewish people's right to self determination;
through an international campaign to boycott, divest from, or sanction Israel.
(5) Efforts to promote an international campaign to boycott, divest from, or sanction Israel:
(A) increasingly occur on college and university campuses nationwide, leading to a climate of intimidation, fear, and violence on campuses in Indiana;
(B) disproportionately harm thousands of Palestinian workers employed by Israeli owned firms; and
(C) are antithetical and deeply damaging to the cause of peace, justice, equality, democracy, and human rights for all people in the Middle East.
(6) The federal Bipartisan Congressional Trade Priorities and Accountability Act of 2015 (P.L.114-26, Sections 102(b)(20) and 103(b)) specifies principal negotiating objectives regarding commercial partnerships of the United States in negotiation of a transatlantic trade and investment partnership agreement, as follows:
(A) To discourage actions by potential trading partners that prejudice or discourage commercial activity solely between the United States and Israel.
(B) To discourage politically motivated actions to boycott, divest from, or sanction Israel.
(C) To seek elimination of politically motivated nontariff barriers on Israeli goods, services, or other commerce imposed on the Jewish state of Israel.
(D) To seek elimination of state sponsored unsanctioned foreign actions to boycott, divest from, or sanction Israel or compliance with the Arab League boycott of Israel by prospective trading partners.
(As used in this subdivision, "actions to boycott, divest from, or sanction Israel" has the meaning set forth in P.L.114-26, Section 102(b)(20)(B).)
(7) The situation with respect to promotion of activities to boycott, divest from, or sanction Israel is unique and constitutes the extraordinary circumstances necessary for mandatory divestment by the system of the system's holdings in restricted businesses.
As added by P.L.177-2016, SEC.1.
Structure Indiana Code
Title 5. State and Local Administration
Article 10.2. Public Retirement and Disability Benefits
Chapter 11. Divestment Related to Boycott Of, Divestment From, or Sanctions of Israel
5-10.2-11-1. General Assembly Findings
5-10.2-11-3. "Boycott, Divest From, or Sanction Israel Activity"
5-10.2-11-5. "Cost of Divestment"
5-10.2-11-6. "Direct Holdings"
5-10.2-11-8. "Indirect Holdings"
5-10.2-11-10. "Restricted Business"
5-10.2-11-12. Identification of Restricted Businesses
5-10.2-11-13. Identification of Holdings
5-10.2-11-14. Notice to Restricted Businesses Concerning Possible Divestment
5-10.2-11-15. Compliance by Restricted Business
5-10.2-11-16. Divestment; Exemption for Certain Passively Managed Comingled Funds
5-10.2-11-17. Acquisition of Securities of Businesses on Restricted Business List
5-10.2-11-18. Restricted Business Excluded From Federal Sanctions
5-10.2-11-19. Exclusion of Indirect Holdings in Actively Managed Investment Funds
5-10.2-11-20. Investment in Private Equity Partnership
5-10.2-11-21. Report to General Assembly
5-10.2-11-22. Expiration of Chapter
5-10.2-11-23. Exemption From Conflicting Statutory or Common Law Obligations
5-10.2-11-25. Immunity; Indemnification of the Fund and Its Agents