Wednesday, December 3, 2025 – 10:26 PM EST
New York City Mayor Eric Adams announced the signing of Executive Order 60 on Wednesday, prohibiting city agencies from engaging in business or pension investments that discriminate against Israel. The order was signed as Zohran Mamdani prepares to assume the mayoral duties next year.
The executive directive directs all municipal procurement and pension funds to reject decisions influenced by political boycotts targeting Israel. Mayor Adams emphasized that this measure ensures fiscal stability while preserving New York City’s strong economic and diplomatic ties with Israel, which he believes should not be swayed by “discriminatory policies based on politics or national origin.”
Executive Order 60 affects over $32 billion in annual contracts and nearly $300 billion in pension investments—some of which are linked to Israeli entities. The order represents a likely early test for the incoming mayor, Zohran Mamdani—a public advocate of the BDS movement—which could indicate whether he will maintain or reverse this stance on January 1, 2026.
In an additional related move, Mayor Adams issued Executive Order 61, instructing the New York Police Department to enhance security around religious institutions. The directive follows a protest near a synagogue where chants were deemed threatening by officials.
While supporters of the BDS movement and civil liberties organizations have criticized such measures for conflating political activism with financial discrimination, Mayor Adams’s administration framed this pair of orders as steps to protect Jewish communities and combat antisemitism. Outgoing Comptroller Brad Lander has already divested some city pension fund holdings from Israeli government bonds but continues to maintain stakes in certain Israeli companies.
