""Today's vote is about holding companies accountable. While we understand that companies can choose who they do business with, when those choices involve profiting from terrorizing our residents, there should be consequences.""
"Backers of the plan point to the fear federal immigration enforcement has instilled in San Jose's immigrant community and argue the city should avoid investing in any company that provides material support to ICE."
The San Jose City Council opted not to divest public funds from Microsoft, Amazon, and Alphabet, despite calls for action due to their ties with ICE. A proposal to phase out bond holdings in these companies failed in a 4-4 vote. Supporters argued for accountability regarding companies that support federal immigration enforcement, while opponents raised concerns about potential costs and limited impact. The council will explore how other cities have adjusted their investment policies related to ICE.
Read at San Jose Spotlight
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