MA H2202

Bill

Relative to the divestment of state pension funds from nuclear weapons

Introduced
01/22/2019

In Committee
01/22/2019

Crossed Over

Passed

Dead
12/31/2020

Introduced Session

191st General Court

Bill Summary

Relative to the divestment of state pension funds from nuclear weapons. Public Service.

AI Summary

This bill aims to require the Massachusetts Pension Reserves Investment Management Board (PRIM), which manages the state's public pension funds, to divest from companies that produce nuclear weapons or nuclear weapon systems. The key provisions include: (1) defining key terms like "nuclear weapon producer" and "public fund"; (2) requiring PRIM to identify and report on any direct or indirect holdings in nuclear weapon producers; (3) prohibiting PRIM from investing in nuclear weapon producers and requiring divestment within 12 months; (4) providing PRIM with exemptions from conflicting statutory or common law obligations related to this divestment; (5) allowing PRIM to cease divestment if it would significantly impact the overall fund value; (6) indemnifying PRIM board members, officers, and employees from liability related to the divestment; and (7) requiring annual reporting on the divestment.

Committee Categories

Labor and Employment

Sponsors (20)

Mike Connolly (D), Marjorie Decker (D), Mindy Domb (D), William Driscoll (D), Michelle DuBois (D), Jamie Eldridge (D), Nika Elugardo (D), Denise Garlick (D), Natalie Higgins (D), Mary Keefe (D), Kay Khan (D), David LeBoeuf (D), Jack Lewis (D), Jay Livingstone (D), Brian Murray (D), Denise Provost (D), Becca Rausch (D), Maria Robinson (D), Dave Rogers (D), Tommy Vitolo (D),

Last Action

Accompanied a study order, see H4722 (on 05/20/2020)

Official Document

https://malegislature.gov/Bills/191/H2202

(9 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/191/H2202
Bill	https://malegislature.gov/Bills/191/H2202.pdf

Bill	Bill Name	Last Action	Type
H2349	Relative to pension divestment from companies selling weapons to the Kingdom of Saudi Arabia	Accompanied a study order, see H4722	Similar To
H3211	Resolutions to prevent the first use of nuclear weapons by the United States	Accompanied a study order, see H4404	Similar To
H3239	Resolve creating a citizens commission concerning the commonwealth of Massachusetts being in alignment with the UN treaty on the prohibition of nuclear weapons	Accompanied a study order, see H5005	Similar To
H3240	Resolutions relative to the prohibition of nuclear weapons	Accompanied a study order, see H5006	Similar To
H4722	Retirement, benefits and other public service issues	Reported, in part, by H2169	Replaced by
S1516	Relative to the divestment of state pension funds from nuclear weapons	Accompanied a study order, see S2545	Similar To
S2155	Resolutions relative to the prohibition of nuclear weapons	Accompanied a study order, see S2551	Similar To
S2157	Resolve creating a citizens commission concerning the commonwealth of Massachusetts being in alignment with the UN treaty on the prohibition of nuclear weapons	Accompanied a study order, see S2551	Similar To
S2165	Resolutions to prevent the first use of nuclear weapons by the United States	Accompanied a study order, see S2551	Similar To

Bill > H2202

MA H2202

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (20)

Last Action

Official Document

bill text

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