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Ireland's proposed boycott of Israeli businesses creates dangerous legal trap for American investors

Ireland's proposed boycott of Israeli businesses creates dangerous legal trap for American investors

Fox News16-07-2025
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By Anat Alon-Beck, Mark Goldfeder, Erielle Davidson
Published July 16, 2025
Ireland has announced plans to pass a first-of-its-kind European law banning imports from Israeli businesses operating in Jerusalem and the West Bank.
Like most Boycott, Divestment and Sanctions (BDS) efforts, the bill is unlikely to inflict measurable economic harm on Israel. However, it poses a very real — and potentially devastating — threat to American businesses and investors.
Under U.S. law, it is illegal for American companies to participate in or support foreign-government-backed boycotts of Israel. The Export Administration Regulations (enforced by the Department of Commerce's Office of Antiboycott Compliance) and Internal Revenue Code § 999 (administered by the IRS) prohibit exactly the kind of conduct Ireland's legislation seeks to compel. These statutes were enacted in response to the Arab League boycott and are grounded not only in economic self-interest but also in civil rights law: The boycotts of the Jewish State have always been about who Jews are—not what Israel does. More recent legislation, like the 2016 Trade Facilitation and Trade Enforcement Act, reaffirmed America's bipartisan commitment to combating BDS.
TRUMP ADMIN SLAMS UK, CANADA, AUSTRALIA AND OTHERS WHO SANCTIONED ISRAELI OFFICIALS
The penalties for violating U.S. anti-boycott laws can be steep, including civil fines, criminal prosecution, possible imprisonment, and the loss of export privileges. Any decision to alter operations in response to Ireland's law — particularly if it involves termination of Israeli partnerships or divestment — may constitute a material event triggering these laws and requiring disclosure to both shareholders and the SEC under existing risk factor or geopolitical reporting guidelines. Public companies should be especially mindful of how such changes are characterized in their filings to avoid accusations of misrepresentation or politically motivated discrimination.
Aside from federal restrictions, the majority of U.S. states have adopted anti-BDS laws that bar companies from receiving state contracts if they boycott Israel. That means firms that comply with Ireland's law also risk contract termination, state debarment and possible enforcement actions from these states' attorneys general. The backlash faced by Unilever in 2021, after its subsidiary Ben & Jerry's sought to boycott parts of Israel, provides a concrete warning: multiple states divested pension funds, the company suffered reputational harm, and they ultimately had to walk back the decision under immense pressure from shareholders and lawsuits.
If Ireland were seeking to chase American capital out of the country, it could not have devised a better way to do so.
CLICK HERE FOR MORE FOX NEWS OPINION What U.S. Companies Should Do Now
American businesses with operations in Ireland — or even transactions that touch Irish jurisdiction — must now take proactive steps to protect themselves.
First, as a threshold matter, any American company operating in Ireland should conduct a foreign law compliance audit to identify any decisions or actions that might be tied explicitly or implicitly to foreign legal pressure.
Second, companies should educate stakeholders that anti-Israel divestment generates unwanted legal exposure, not safety, and ensure that internal directives do not imply or implement foreign boycott goals.
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Third, companies should implement a boycott response policy that would require all foreign law compliance actions to be reviewed by legal counsel. General counsel offices should track and report any foreign government requests to the Department of Commerce, as required.
Fourth, American companies operating in Ireland ought to review their state contract exposure. If a company does business with certain states, particularly those with anti-BDS laws on the books, the company ought to ensure its compliance with anti-BDS contract clauses.
Finally, if legal exposure cannot be mitigated, businesses may have to consider corporate restructuring, including reducing or ending operations in Ireland altogether; if the cost of doing business in Ireland now includes federal investigations, SEC scrutiny, and shareholder lawsuits, among other risks, companies may need to rethink their presence in the country.
The bottom line is that American companies are not at risk because they do business with Israel. They're at risk if they stop doing business because a foreign government pressured them to do so. Anti-boycott law is not just about trade—it's about protecting American sovereignty, American investors, and American civil rights. And when it comes to obeying the law American companies must remember: America first.
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He owned the Miss Universe Pageant, Miss Teen Pageant, and he seemed to really like to talk about that. And we've got stories of him going into the dressing rooms at these pageants and sort of making a joke about it. But I think sometimes when you hear quotes decades later, they may ring true in a different way. Taylor Wilson: All right, so Laura, what finally led to their falling out? Laura Trujillo: We think, which this is definitely a rich guy thing, they both wanted to buy the same mansion in Palm Beach, and it turned out that Trump outbid Epstein for it. And when he outbid him, it was for $41 million. And then Trump turned around and flipped it for 95 million a few years later to a Russian billionaire. And so that's one of the things people talk about. Another is that other reports say that Epstein and Trump broke up after Ghislaine Maxwell solicited the daughter of a Mar-a-Lago member. 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Taylor Wilson: Joey, what will this executive order do about homelessness? Joey Garrison: President Trump took executive action on Thursday signing an order that really makes it easier for cities and states really encourages them to remove homeless people from the streets and from encampments and move them over to rehabilitation and treatment centers. This is done in a couple of ways. First of all, Trump is directing his attorney general, Pam Bondi, to challenge judicial precedents both at the federal and state levels, try to reverse those precedents and consent decrees that currently limit the ability of local and state governments to remove homeless people from the streets. The order also sets forth, though this part is a little unclear, redirecting federal funds to these centers where Trump wants to move homeless people to. And it's not clear exactly how much money will be allocated for this or from where that money is going to be coming from. And also, he's ordered several federal agencies, including HHS and HUD, to start prioritizing federal grants to states and cities that prohibit homeless encampments, so this is a direct incentive for the federal government to crack down on homelessness camps. And so that's the big things that this sweeping homeless EO from Trump seeks to accomplish. Taylor Wilson: And Joey, what did we hear from the White House about why they feel this is necessary in this moment? Joey Garrison: Trump has long talked about the homeless issue in the country. He makes the comments often about Washington DC when he is driving around in the presidential vehicle he looks out the window and sees these homelessness camps. It's always been something that he's talked about. It falls under this law and order umbrella that Trump has long talked about. And there are numbers to back up, the fact that homelessness is at an all-time high in the country right now, HUD does an annual count of the number of people sleeping on the streets on a single night each year. And last January 2024 they counted over 770,000 on a single night. That was a 18% increase over the previous year. And so there is an issue, of course, with the rise of homelessness in many cities. Taylor Wilson: Wow. Trump's action here follows a major Supreme Court move as well earlier this year on homeless camps, Joey, what did they decide? Can we go back to that for a moment? Joey Garrison: Yeah, that's a huge point, what's going on in the background here. In June, just a month ago, the Supreme Court ruled that individuals can be arrested and fined for sleeping and public spaces. They upheld a homelessness ban in a City of Grant Pass, Oregon that prohibits homeless people from sleeping outdoors. In that city they have fines starting at $250 per individual as well as jail time for repeat offenses. You have this opinion, which was a six three conservative majority ruling that essentially upholds cities and states banning homelessness in their communities. And so with that authority upheld by the Supreme Court, you're seeing this real proactive executive order from Trump for cities and states to really go after homelessness in their cities. Taylor Wilson: Well, Joey, as for this week's executive order, are we hearing any pushback? What do critics say about this latest action out of the White House? Joey Garrison: Not surprisingly, a lot of homelessness advocates are condemning this, and I think there's a lot of questions here. First of all, this idea of removing people from where they live on streets to centers. There's a lot of questions whether these rehabilitation centers, whether there's enough beds to house an entire homelessness population. You look at cities on the West Coast like Los Angeles and San Francisco, which have really large numbers of homeless people. I think a lot of homeless advocates say the best way is to address the housing problem right now in this country. The affordability issue with buying a home has never been greater really than it is right now. They argue that this isn't the right way to try to tackle this problem, that it's really rather inhumane to sweep the streets of people who are living there. Taylor Wilson: Joey Garrison covers the White House for USA TODAY. Thank you, Joey. Joey Garrison: Thanks so much. ♦ Taylor Wilson: Hulk Hogan has died. Hogan, whose legal name is Terry Bollea was influential on the rise of wrestling worldwide and WWE's first major star. As WWE became the dominant wrestling company, his stardom grew and he headlined the first nine editions of WrestleMania with his most iconic moment coming at WrestleMania III in 1987. Defending the World Heavyweight Championship against longtime rival, Andre the Giant Hogan picked him up and delivered the body slam heard around the world, and his popularity spread outside the ring with appearances and TV shows and movies. He wasn't without scandal though, he testified admitting he took steroids. And then in 2015 he was caught on tape making racist comments that severely tarnished his popularity and legacy. WWE distanced itself from Hogan in the fallout, but he eventually returned to making appearances with the company in 2018. He made his last appearance for WWE in January. Hulk Hogan was 71. ♦ Thanks for listening to The Excerpt. We're produced by Shannon Rae Green and Kaely Monahan, and our executive producer is Laura Beatty. You can get the podcast wherever you get your pods, and as always, you can email us at podcasts at I'm Taylor Wilson. I'll be back tomorrow with more of The Excerpt from USA TODAY.

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