To amend title 5, United States Code, to prevent the Thrift Savings Fund from investing in any company that boycotts Israel.

Bill: 114-hr-2645
Sponsor: full_name: Rep. Boyle, Brendan F. [D-PA-13]
Introduced: 2015-06-04
Policy area: Government Operations and Politics
Subjects: Arab-Israeli relations

Employee benefits and pensions

Financial services and investments

Government employee pay, benefits, personnel management

Israel

Middle East

Trade restrictions
Latest action: action_date: 2015-06-04
text: Referred to the House Committee on Oversight and Government Reform.

Summaries:
action_date: 2015-06-04
action_desc: Introduced in House
text: <p>This bill prohibits the investment of any Thrift Savings Account funds in any company that boycotts Israel.</p>

tv_txt: I 114th CONGRESS 1st Session H. R. 2645 IN THE HOUSE OF REPRESENTATIVES June 4, 2015 Mr. Brendan F. Boyle of Pennsylvania introduced the following bill; which was referred to the Committee on Oversight and Government Reform A BILL To amend title 5, United States Code, to prevent the Thrift Savings Fund from investing in any company that boycotts Israel.

1. Limitation on investment of the Thrift Savings Fund Section 8438 of title 5, United States Code, is amended by adding at the end the following: (i) (I) Notwithstanding any other provision of law, no amounts may be invested under this section in any company that boycotts Israel. (II) In this clause— (aa) the term boycotts Israel means engaging in actions that are politically motivated and are intended to penalize, inflict economic harm on, or otherwise limit commercial relations with Israel or companies based in Israel or in territories controlled by Israel; and (bb) the term company means any sole proprietorship, organization, association, corporation, partnership, joint venture, limited partnership, limited liability partnership, limited liability company, or other entity or business association, including all wholly owned subsidiaries, majority-owned subsidiaries, parent countries or affiliates of those entities or business associations, that exist for the purpose of making profit. .