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Anti-BDS bill signed into law

Thursday, Jul 23, 2015 - Posted by Rich Miller

* Press release…

A measure that adds companies that boycott Israel to the state’s existing divestiture requirements was signed by Governor Rauner today, making Illinois the first state in the country to enact anti-BDS legislation.

Sponsored by state Rep. Sara Feigenholtz (D-Chicago), Senate Bill 1761 creates the Illinois Investment Policy Board, which will maintain a list of restricted companies for the state-funded pension systems and Illinois State Board of Investments (ISBI).

“Israel is one of our closest allies, and we have a responsibility to protect the economic wellbeing of all of our friends,” said Feigenholtz. “This law ensures that our state invests in a way that is aligned with our interests and moral obligations.”

The pension systems and ISBI could not invest in any restricted company, which includes companies that boycott Israel or have relations with Iran or Sudan. Pension systems currently investing in companies on the restricted list would be required to divest. Divestment is not required if the total investment in a restricted company is less than 0.5% of the market value of all assets of the pension system or ISBI.

“With every investment we’re making a statement about the kind of society we want to live in,” said Feigenholtz. “This legislation uses taxpayer dollars in a conscious, responsible manner and makes it clear that Illinois stands with Israel.”

…Adding… From the governor’s office…

Flanked by bipartisan legislators, Jewish community leaders and the Consul General of Israel to the Midwest, Gov. Bruce Rauner today signed historic legislation making Illinois the first state in America to divest its public pension funds from companies that participate in the Boycott, Sanctions, Divestment (BDS) movement targeting Israel.

The Illinois law is the first state-based measure to take specific concrete action against boycotts of Israel. The legislation, which was modeled after past measures relating to Iran and Sudan, requires state pension systems to terminate direct investment in companies that boycott Israel and issue warnings to fund managers when such companies are held indirectly inside larger portfolios. The statute defines “boycotting Israel” as “engaging in actions that are politically motivated and are intended to penalize, inflict economic harm on, or otherwise limit commercial relations with the State of Israel or companies based in the State of Israel or in territories controlled by the State of Israel.”

“We need to stand up to anti-Semitism whenever and wherever we see it,” Gov. Rauner said. “This historic legislation is an important first step in the fight against boycotts of Israel and I hope other states move quickly to follow our lead. I want to thank Sen. Silverstein, Rep. Feigenholtz and all the sponsors of this legislation for working with our Administration to take a stand against BDS.”

The anti-BDS measure, SB 1761, was initiated by Gov. Rauner and sponsored by Sen. Ira Silverstein (D-Chicago) and Rep. Sara Feigenholtz (D-Chicago). It passed 49-0 in the Senate and 102-0 in the House.

  29 Comments      


Another pressure point removed

Thursday, Jul 23, 2015 - Posted by Rich Miller

* Interesting…


As of yesterday, about 60 percent of the state budget was being spent without specific FY16 appropriations. This’ll add another big chunk.

…Adding… Background from WBEZ…

Some hospitals serving low-income communities are in imminent danger of closing, according to Shriver Center’s court filing. The filing further states that If those hospitals close because of the state’s failure to pay bills, it would violate a decade-old court order. The Shriver lawyers argued that order requires the state to complete Medicaid payments to hospitals in Cook County, even though Gov. Bruce Rauner and lawmakers have not approved a spending plan authorizing the state to reimburse those hospitals.

The court filing specifically named The New Roseland Community Hospital. It said delayed payments “will force Roseland Community Hospital, in less than a week, to begin the process of closing its hospital.” Roseland Community Hospital is dependent on the Medicaid program for 71 percent of its funding and it anticipates a $2 million shortfall in July and a $2.4 million shortfall in August, according to the Shriver Center’s filing.

Roseland Hospital said in a written statement that it has enough funding to make payroll on July 31st and it will be implementing a voluntary furlough, layoffs and service line suspensions before August 1.

“The families of those who are going to die because of this political budget impasse will not give a damn about party lines,” said Tim Egan, New Roseland President and CEO, in an emailed statement. “Just as bullets don’t recognize political boundaries, grieving families, critically injured patients and an abandoned community will not care about Republicans or Democrats. They will just know that the State of Illinois failed them. And the State of Illinois will have failed the New Roseland Hospital, its patients and its employees over a political stalemate.”

The Illinois Department of Healthcare and Family Services is a named defendant in the lawsuit. John Hoffman, a spokesperson for the department, said in response to the filing, “While we believe this motion incorrectly interprets the consent decree, this does highlight the importance of the General Assembly passing a balanced budget so our most vulnerable citizens will know they can continue receiving the care they need in the long run.”

…Adding More… Illinois Hospital Association…

“IHA and the hospital community appreciate the action taken by the Shriver Center seeking to assure access to health care services for Illinoisans who are insured by the Medicaid program – children, seniors, families and persons with disabilities. Access to health care should not be a bargaining chip in the budget debates in Springfield. Just like state employees, physicians, nurses, pharmacists, aides and other health care workers need to be paid during the budget impasse. IHA continues to urge legislators on both sides of the aisle and the Governor to find a reasonable and workable state budget solution so Illinoisans are able to receive the health care they need.”

  63 Comments      


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