Contact: Kara Brooks, 317-232-1622, kbrooks@gov.in.gov

INDIANAPOLIS, Ind., March 24, 2016 /Christian Newswire/ -- Governor Mike Pence has signed  House Enrolled Act (HEA) 1378, which requires the Indiana Public Retirement System (INPRS) to divest from any business that engages in action to boycott, divest or sanction the state of Israel. The bill passed with overwhelming bipartisan support in both the House and Senate, and goes into effect July 1, 2016.

"I have long believed Israel is our most cherished ally and as such I am proud to sign House Enrolled Act 1378, which affirms Indiana's support for the state of Israel," said Governor Pence. "Israel's enemies are more emboldened than ever before and with the overwhelming bipartisan passage of this legislation, Indiana made clear that we will not do business with those who seek to inflict financial damage on the people of Israel. I thank Speaker Bosma for leading on this important issue and am proud to show Hoosiers are standing with Israel today."

According to INPRS, HEA 1378 would require INPRS to divest an estimated $50 million in assets of the $28.3 billion invested by the agency.