Democracy Bonds

The House of Assembly of South Australian and the House of Representatives of Illinois have established a legislative friendship based on promoting the fundamental human right of a representative government.

Both chambers passed nearly identical resolutions recognizing each body as devoted to the rule of law and representing the diverse views of its residents in an open, free legislature.

The State of Israel, a democracy of 9 million founded in 1948 for primarily Jewish people, has extraordinary deep relationships with American states.

There are many congratulatory resolutions recognizing the State of Israel like 2025-K509 in New York State that notes “In its 77 years of statehood, Israel has established a modern parliamentary democracy and has become the most successful democracy in the Middle East”, H.4352 in South Caroline that notes “the special relationship between the United States and Israel is rooted in shared democratic values and mutual aspirations for progress, liberty, justice, and security.” and HCR90 in Texas that begins with “The State of Texas and the State of Israel share a deep and enduring friendship rooted in mutual values, economic ties, and a commitment to democracy and security.”

American states, through their public pension funds and elected Treasurers that manage public assets, are significant investors in the State of Israel. No other nation has successfully raised capital at such a scale as Israel, creating the blueprint for other democratic nations to follow.

The Development Corporation for Israel (branded as Israeli Bonds) launched in 1951 and has raised worldwide $55 billion for the Israel’s economy — all from outside the country. Israel markets their long-term bonds under US securities law through a registered broker. This is an example of an October 2025 prospectus for $5 billion in bonds (with a $300M commission permitted to brokers) sold and governed under New York State law. The great innovation is for Israel to establish an American development corporation to make it easy for American investors — especially governments — to lend Israel money.

The democratic island of Taiwan is under threat from Republic of China. The 25 million people who live in Taiwan and elect their legislature are under a threat of reunification with China, similar to what happened in Hong Kong where the freely-elected legislature was dismantled and political freedoms largely disappeared.

Many American states have passed resolutions supporting Taiwan.

Illinois

In Illinois, Rep Will Davis filed and unanimously passed a resolution affirming the sister state relationship between Illinois and Taiwan. HR108 includes the following paragraph:

Taiwan shares the same values of freedom, democracy, human rights, the rule of law, peace and prosperity with the United States and the State of Illinois;

and the resolution reaffirms a commitment to strengthen and deepen ties between the two states.

Kentucky

In Kentucky, Senator Jimmy Higdon filed Senate Resolution 10 which notes “Taiwan and the United States of America are long-standing allies who both deeply cherish the common values of democracy, peace and prosperity”

Michigan

In Michigan, Representative Jason Greene filed and then adopted House Resolution 95 calling for deeper ties between Michigan and Taiwan. It begins with the provision “Taiwan shares values of freedom, democracy, human rights, rule of law, peace, and prosperity with the United States and the state of Michigan.”

Texas

Representative John Lujan filed and passed unanimously House Concurrent Resolution 127.

The resolution remarks that “Taiwanese officials and civil society groups partner with the United States on a range of issues to promote our common values of freedom, democracy and human rights.”

Wisconsin

Senate President Pro Tempore Patrick Testin filed Senate Joint Resolution 28 that celebrates and calls to deepen the relationship between Wisconsin and Taiwan.