Florida Gubernatorial Candidate Vows to Divest From Israel Bonds if Elected

James Fishback, a Florida gubernatorial candidate in the 2026 Republican primary, has pledged to direct all state government entities to “divest” from bonds issued by the Israeli government on his first day in office, a move that could pose a range of economic hurdles in Florida and has previously been lambasted by critics for singling out the Jewish state for political punishment.

In a campaign statement over the weekend, Fishback, chief executive of the investment firm Azoria, said that Florida state agencies and taxpayer-funded colleges have invested approximately $385 million in Israel Bonds over the past two years. He argued that public funds should never be invested abroad and vowed to redirect the money toward a statewide housing assistance initiative if elected.

“That money should have been invested in our communities. Instead, it was foolishly sent abroad to a foreign government,” the statement read.

Despite Fishback’s suggestion that Floridian money was “sent abroad,” however, Israel Bonds are investments, not aid. According to the Israel Bonds website, they are loans that investors make to the State of Israel, which are expected to be paid back in full, with interest.

Israel Bonds have historically yielded a positive return for Florida taxpayers. State and municipal funds across the US have invested in such bonds for years because they are considered low risk, consistent performers, and maintain creditworthiness among democracies with advanced economies. Observers have argued these bonds are valuable because they are predictable interest income and diversify public portfolios.

Fishback’s proposal echoes elements of the global boycott, divestment, and sanctions (BDS) movement, which seeks to isolate Israel economically and has been condemned by lawmakers in Florida and across the US as discriminatory and counterproductive. Florida currently has anti-BDS laws on the books and has repeatedly affirmed its strong political, economic, and security ties with Israel.

Fishback’s antagonistic stance toward Israel represents a stark contrast to sitting Florida Gov. Ron DeSantis, who has repeatedly signaled support for Israel and condemned anti-Israel movements as a symptom of antisemitism. Florida has been among Israel’s strongest allies at the state level, with successive governors expanding trade ties, supporting Israeli innovation, and opposing international efforts to isolate the country. Any attempt to reverse that policy would likely face legal challenges as well as resistance from lawmakers in both parties.

Last month, Florida Atlantic University in Boca Raton purchased $5 million in Israel Bonds, bringing its total investment up to $8.2 million and making it the largest university investor in the US.

Under Fishback’s proposal, the divested funds would be used to create a $385 million down-payment assistance program called “Rise and Shine,” offering $10,000 grants to married Florida couples. The candidate also outlined a broader housing agenda, including restrictions on institutional and foreign ownership of single-family homes and calls to eliminate property taxes and reduce insurance premiums.

Fishback, a successful investor, entered the gubernatorial race on a slate of populist agenda items. He has raised eyebrows in recent weeks by flirting with members of the antisemitic Groyper movement and signaling acceptance of its leader, Nick Fuentes. 

During a December appearance on Rift TV, a podcast hosted by antisemitic social media pundit Elijah Schaffer, Fishback said that he finds “the audience of young men who follow and watch Nick Fuentes to actually be incredibly informed and insightful.”

Observers have noted that Fishback’s attempts to entice younger, more online portions of right-wing audiences are a microcosm of the growing rupture between Gen Z and older conservatives on the topic of Israel. Recent polls have indicated a collapse of support for Israel among young Republicans, with this portion of the party expressing more skepticism of providing military aid to the Jewish state. Large swaths of GOP voters under 30 have more broadly voiced vocal criticism of US support for Israel and the supposed influence of the America Israel Public Affairs Committee, a prominent pro-Israel lobbying group, in US politics.

Recent surveys have also shown a substantial rise of antisemitic views among younger cohorts of the Republican Party.

Fishback’s candidacy remains a longshot, however. A recent poll from The American Promise showed US Rep. Byron Donalds leading the field with 38 percent support among likely Republican voters. Lt. Gov. Jay Collins trailed far behind at 9 percent, while Fishback registered just 2 percent and former Florida House Speaker Paul Renner garnered 1 percent. Nearly half of respondents, 49 percent, said they remained undecided.