Bill
Bill > S636
summary
Introduced
01/22/2019
01/22/2019
In Committee
06/24/2019
06/24/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
191st General Court
Bill Summary
For legislation to authorize independent retirement boards to divest from fossil fuel companies. Financial Services.
AI Summary
This bill authorizes independent retirement boards in Massachusetts to divest, either partially or fully, from investments in fossil fuel companies. The bill defines "fossil fuel companies" as those in the coal, consumable fuels, integrated oil and gas, and oil and gas exploration and production sectors. It allows the retirement boards to follow the procurement process outlined in existing state law to invest in index funds or other vehicles that may exclude fossil fuel companies.
Committee Categories
Business and Industry, Labor and Employment
Sponsors (23)
Jennifer Benson (D),
Mike Connolly (D),
Julian Cyr (D),
Sal DiDomenico (D),
Lori Ehrlich (D),
Jamie Eldridge (D),
Nika Elugardo (D),
Paul Feeney (D),
Anne Gobi (D),
Carlos González (D),
Pat Jehlen (D),
Patrick Kearney (D),
Ed Kennedy (D),
John Lawn (D),
David LeBoeuf (D),
Jack Lewis (D),
Joan Lovely (D),
Mike Moore (D),
Marc Pacheco (D),
Becca Rausch (D),
Dave Robertson (D),
Maria Robinson (D),
Tom Stanley (D),
Last Action
Accompanied a new draft, see H4440 (on 02/24/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/191/S636 |
| Bill | https://malegislature.gov/Bills/191/S636.pdf |
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