Stacy Garrity
As Pennsylvania's treasurer Garrity has put state money into bonds issued by the government of Israel, adding $25 million in 2025 and calling Israel "our greatest ally in the Middle East". She also backed a state bill barring public funds from divesting from Israel. She casts no federal vote.
Garrity has been Pennsylvania's state treasurer since 2021 and is the Republican nominee for governor. The office does not vote on federal aid, but it does decide where the Commonwealth's money goes, and hers has gone into the debt of the government of Israel.
In June 2025 her department announced a further $25 million purchase of Israel Bonds, which would take the Treasury's holding to $64.5 million. The release quotes her at length: "Israel is our greatest ally in the Middle East, and I will continue to stand by them in their fight to achieve peace. Israel bonds are a smart, dependable investment with a proven track record", and she went on to call it especially important to show support at a time when Israelis and Jews face antisemitism. The release also notes the return the bonds pay and that the Commonwealth has bought them for more than thirty years, which is the argument that this is ordinary investment practice rather than foreign policy.
She has also used the office to argue for a law. In June 2024 she wrote to a state Senate committee backing a bill that would bar the Commonwealth's public funds, including its two big pension systems, from boycotting or divesting from Israel, saying it "would express Pennsylvania's support for Israel, our strongest ally in the Middle East" and that "The bill is strong, and it was drafted thoughtfully". The bill passed the state Senate.
The timing of the purchases and the company she keeps buying them from have both drawn scrutiny. The Pennsylvania Capital-Star reported that the June 2025 purchase was made hours before Israeli strikes on Iran, with a spokesperson calling the timing a coincidence. Spotlight PA later reported that ethics specialists questioned her attending a gala hosted by the firm she buys the bonds from, a ticket she paid for out of campaign funds. Nothing in this record has her taking a position on U.S. weapons or money for the government of Israel, or on U.S. aid to Palestinians.
Research
U.S. military aid and weapons to Israel
- Nothing located. She holds a state office with no vote on federal transfers, and neither this record nor a fresh search of the open record in August 2026 contains a statement from her about them. The fresh search reached the same conclusion in its own words.
U.S. aid to Palestinians
- Nothing located.
Characterization of the conflict
- [Position, 2025-06-16] Carried inside the Treasury release below: she describes the government of Israel as an ally in a fight to achieve peace, and ties the investment to antisemitism faced by Israelis and Jews.
- [Position, 2024-06-24] Carried inside the letter below: "our strongest ally in the Middle East".
- [Reaction window, 2023-10-12] Her department's release of that month, https://www.patreasury.gov/newsroom/archive/2023/10-12-Israel-Bonds.html , which opens, announced the earlier purchase and carries her describing the attacks as terrorism and urging Congress and the president to support Israel. Off the card (C1): dated inside the reaction window, in every form.
State action
- [Position, 2025-06-16] Pennsylvania Treasury press release, read and confirmed word for word: the department invested a further $25 million in Israel bonds, taking holdings to $64.5 million as of July 1, at a return of 4.96 percent, and the release states the Commonwealth has invested in these bonds for more than thirty years. Her quoted statement in full: "Israel is our greatest ally in the Middle East, and I will continue to stand by them in their fight to achieve peace. Israel bonds are a smart, dependable investment with a proven track record – and it's especially important to show our support at a time when Israelis and Jews — both abroad and here in the United States — continue to face horrific acts of antisemitism. I'm proud to announce this significant new investment, continuing the strong relationship between Pennsylvania, Israel, and the Jewish Community." Direction named: state money lent to the government of Israel. The bond underwriter's own announcement carries the same figures.
- [Position, 2024-06-24] Letter to the state Senate State Government Committee backing Senate Bill 1260, reported by City and State Pennsylvania and confirmed against that page. Her words: the bill "would express Pennsylvania's support for Israel, our strongest ally in the Middle East", and "The bill is strong, and it was drafted thoughtfully". The bill would prohibit the Commonwealth's public funds, a term the report says covers the State Employees' Retirement Fund, the Public School Employees' Retirement Fund, the Pennsylvania Municipal Retirement Fund and any other fund the treasurer oversees, from boycotting or divesting from Israel. It was sponsored by a Democratic state senator, passed the committee 9 to 2 and the full Senate 41 to 7.
- [Reaction window, 2023-10] The June 2025 release states that the $64.5 million total includes $20 million the treasurer invested following the attacks of that month. Off the card (C1): the only date evidence puts that earlier purchase in the reaction window, so neither it nor its framing appears on the card, and the card gives only the 2025 purchase. Other coverage puts the total after that purchase at $56 million.
- [Position, 2025-06-16] Pennsylvania Capital-Star: the purchase was made hours before Israeli strikes on Iran; a spokesperson said the timing was a coincidence.
- [Position, 2024-02-15] WHYY covers the protests against the bond holdings and her response to them.
Related rhetoric and lobbying
- [Position, 2026-03] Spotlight PA: ethics specialists questioned her attendance at a gala hosted by the firm from which she purchases the bonds in her official role; she paid the $450 ticket from campaign funds. The same report records protest and Democratic criticism of the purchases. The Pittsburgh Post-Gazette covered the same question two days later.
- [Unconfirmed, 2024-05-14] A fresh search reported that she signed a resolution of a national association of state financial officers expressing support for Israel and committing to continued bond investment. Its only carrier is an advocacy site that refuses to open to us, so the item is recorded here and nothing from it is used.
- No endorsement from any advocacy group this site tracks is recorded, and no funding from any tracked group appears on this record.
Safety and antisemitism (context)
- Carried inside her June 2025 statement above.
- [Context, 2026-05-21] A Times of Israel report on this race records that she criticized the incumbent governor's handling of parents' concerns about antisemitic incidents in schools. That source is about both candidates in this race and each has a card here; it is used only for what it says about her, and her opponent's record is on his own card.
Race and status context
- State treasurer since 2021 and the Republican nominee for governor of Pennsylvania, per Ballotpedia's race page and her Ballotpedia profile.
- She holds no federal office, so none of the congressional votes this site tracks are hers.
Also in this race: Josh Shapiro (Democrat) · All Pennsylvania candidates.
See the full record →But What Can You Do? tracks where 2026 candidates stand on U.S. weapons and funding for the government of Israel. Every claim on this page goes through at least two verification steps. Open the interactive card for votes, funding and contact details.