SSB 3089 (LSB 5412XL (3) 89)

SENATE/HOUSE FILE _____

BY  (PROPOSED GOVERNOR BILL)

A BILL FOR

An Act relating to restrictions regarding companies boycotting Israel.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:

    Section 1.  Section 12J.2, subsection 1, Code 2022, is amended to read as follows:
   1.  “Company” means any business or business entity, including a wholly owned subsidiary, majority-owned subsidiary, parent company, or affiliate of such business or business entity, that is publicly traded and that is not based in the United States.
EXPLANATION
The inclusion of this explanation does not constitute agreement with
the explanation’s substance by the members of the general assembly.
   This bill provides that public sector restrictions regarding companies boycotting Israel pursuant to Code chapter 12J apply to a wholly owned subsidiary, majority-owned subsidiary, parent company, or affiliate of such company.