In other news, any company currently boycotting Israel is now banned from doing business with the State of Illinois. The Illinois Investment Policy Board approved the ban at its March 18 meeting. Illinois becomes the first state to take such action.
According to a story in the Jerusalem Post, 20 other states are considering similar action. Illinois also currently prohibits investment in certain companies that do business with Iran and Sudan, which are known human rights violators. There are dozens of companies on the Board’s prohibition list. The Board was created last year by the General Assembly, with bipartisan support. Its purpose is to ensure the investment of public money does not occur in entities that are prohibited from investment by Illinois law.