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Bill

HB 669

Israeli Bonds

2025 Regular Session Introduced by Doug Bankson and 10 co-sponsors

Florida authorizes state investment in Israeli government bonds, allowing the state pension and treasury funds to purchase foreign securities as part of investment strategy.

Chapter No. 2025-174
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Bill Summary · HB 669

Legislative bill overview

HB 669 authorizes Florida to invest state funds in Israeli government bonds and permits the state investment board to purchase these securities as part of the state's investment portfolio. The bill became law in June 2025 after gubernatorial approval.

Why is this important

This legislation directly expands Florida's investment options to include foreign government securities from Israel, potentially affecting billions in state pension and treasury funds. It reflects broader state-level geopolitical positioning and raises questions about how public money should be allocated based on foreign policy considerations.

Potential points of contention

  • Investment diversification vs. geopolitical alignment: Critics argue state pension funds should prioritize returns and risk management over foreign policy, while supporters contend strategic ally investments are appropriate
  • Divestment movement opposition: Advocates for Palestinian causes have actively opposed Israeli bond investments, viewing them as complicit in settlement policies
  • Precedent for state foreign policy: Establishing state investment criteria based on geopolitical preference could invite similar demands regarding other nations and causes, creating competing political pressures on fund management

Compiled from official sources — confirm details with the bill’s official record.

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