Kansas proposes bill to invest in Israeli bonds

News

A new bill could allow the state of Kansas to invest in certain foreign bonds.

State Treasurer, Jake Laturner, introduced the bill on Wednesday. If passed, the Sunflower State could invest up to 2% of state idle funds into Israeli bonds. Laturner says this would help diversify and strengthen the relationship with trade partners.

About 60 Kansas companies are already doing business with the state of Israel. Laturner says the Kansas Legislature actively works to make sure there is no discrimination against Israel. U.S. sales of these bonds have exceeded $1 billion in the last five years, and Laturner says Israel has never missed a payment.
 

Copyright 2019 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.