An Act prohibiting the State Treasurer, the State Employees' Retirement System, the Public School Employees' Retirement System and the Pennsylvania Municipal Retirement System from boycotting or divesting from Israel; and prohibiting funding to an institution of higher education that engages in a boycott against or divestment from Israel.

This bill, known as the Stand with Israel Act, prohibits Pennsylvania state retirement funds and the State Treasurer from boycotting or divesting from Israel. It also bars state funding for any higher education institution that engages in such boycotts or divestment actions. The law defines these actions as financial penalties against the Israeli government or its commercial activities and applies to direct and indirect investments, while exempting certain individual employee savings plans. Compliance with the law must still follow existing fiduciary duties and prudent investing standards.