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  • NJ A2840
  • Prohibits investment by State of pension and annuity funds in companies manufacturing, importing, and selling assault firearms for civilian use.
Introduced
(2/16/2016)
In Committee
(2/16/2016)
Crossed OverPassedSignedDead/Failed/Vetoed
2016-2017 Regular Session
This bill prohibits the State of New Jersey from investing any assets of any pension or annuity fund under the management of the Division of Investment in the Department of the Treasury in companies that manufacture, import or sell assault firearms for civilian use. The bill exempts from the ban investments in companies that manufacture, import or sell assault firearms for the exclusive use by nations' official military organizations and law enforcement agencies. As for existing investments that are held in violation of the prohibition, the Division of Investment has up to three years to divest from the prohibited companies. The bill's definition of assault firearms is identical to the definition of the term under the existing New Jersey ban on the sale of assault firearms under N.J.S.A.2C:39-1.
Not specified
Introduced, Referred to Assembly State and Local Government Committee  (on 2/16/2016)
 
 

Date Chamber Action Description
2/16/2016 A Introduced, Referred to Assembly State and Local Government Committee
Date Motion Yea Nay Other
None specified