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A1624
ASSEMBLY, No. 1624
STATE OF NEW JERSEY
222nd LEGISLATURE
�
PRE-FILED FOR INTRODUCTION IN THE 2026 SESSION
Sponsored by:
Assemblyman SEAN T. KEAN
District 30 (Monmouth and Ocean)
Assemblywoman VICTORIA A. FLYNN
District 13 (Monmouth)
Co-Sponsored by:
Assemblymen Scharfenberger, McGuckin, Azzariti Jr. and Auth
SYNOPSIS
���� Prohibits institution of higher education which
boycotts or divests from Israel-supporting or Israeli businesses from receiving
State funds.
CURRENT VERSION OF TEXT
���� Introduced Pending Technical Review by Legislative
Counsel.
��
An Act
concerning aid to institutions of higher education and
supplementing Title 18A of the New Jersey Statutes.
����
Be It
Enacted
by the Senate and General Assembly of
the State of New Jersey:
���� 1.��� a.� Notwithstanding any
provision of law to the contrary, an institution of higher education, including
all endowment funds, subdivisions, departments and sections of the institution,
which boycotts the goods, products, or businesses of Israel, boycotts entities
doing business with Israel, boycotts companies operating in Israel or
Israeli-controlled territory, divests from any investment due to a company�s
support, either through in-kind or for-profit, of Israel, or supports or
participates in the Boycott, Divestment, and Sanctions movement shall be
prohibited from receiving:
���� (1) State operating aid;
���� (2) the proceeds of
State-supported revenue bonds that are issued by the New Jersey Educational
Facilities Authority;
���� (3) the proceeds of State
general obligation bonds; or
���� (4) funds awarded to a student
enrolled in the institution and distributed through any State student
assistance or scholarship program administered by the Higher Education Student
Assistance Authority.
���� b.� Nothing in this section
shall be construed to prohibit the sale, redemption, divestment, or withdrawal
of an investment for a prudent economic reason.
���� c.� As used in this section,
�Boycott, Divestment, and Sanctions� means the movement which encourages
boycotts, divestments, and sanctions that place economic and political pressure
on states, business entities, and other organizations and institutions to
influence their behavior against Israel; "boycott" means engaging in
actions that are intended to penalize, inflict economic harm on, or otherwise
limit commercial relations with another state or nation; "divestment"
means to sell, redeem, or withdraw all holdings of a company from the
investment portfolio of another company or governmental entity; and
"sanctions" means the attempts by national governments, multilateral
organizations and other international bodies or their subdivisions to limit or
ban trade or other relations with a state or nation.
���� 2.��� This act shall take
effect immediately.
STATEMENT
���� This bill prohibits an
institution of higher education which boycotts or divests from
Israel-supporting businesses or Israeli businesses from receiving State funds.
���� Under the bill, an institution
of higher education is prohibited from receiving State operating aid; the
proceeds State-supported revenue bonds that are issued by the New Jersey
Educational Facilities Authority; the proceeds of State general obligation bonds;
or funds awarded to a student enrolled in the institution distributed through
any State student assistance or scholarship program administered by the Higher
Education Student Assistance Authority if the institution, including all
endowment funds, subdivisions, departments, and sections of the institution:
boycotts the goods, products, or businesses of Israel; boycotts entities doing
business with Israel; boycotts companies operating in Israel or
Israeli-controlled territory; divests from any investment due to a company�s
support, either through in-kind or for-profit, of Israel; or supports or
participates in the Boycott, Divestment, and Sanctions movement.