Bill
Bill > H4440
summary
Introduced
02/24/2020
02/24/2020
In Committee
02/24/2020
02/24/2020
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
191st General Court
Bill Summary
Authorizing independent retirement systems to divest from fossil fuel companies
AI Summary
This bill authorizes independent retirement systems in Massachusetts, except for the state employees, state teachers, and State-Boston retirement systems, to divest from fossil fuel companies. It defines an "independent retirement system" as a public pension system under the oversight of the public employee retirement administration commission, and a "fossil fuel company" as a company in the coal, integrated oil and gas, or oil and gas exploration and production sectors. The bill allows these independent retirement systems to divest from fossil fuel companies and invest in index funds or other investment vehicles that do not include fossil fuel companies, following the procurement process. It also exempts these public funds from any conflicting statutory or common law obligations regarding their investment decisions related to this divestment.
Sponsors (72)
Brian Ashe (D),
Ruth Balser (D),
Christine Barber (D),
Jennifer Benson (D),
Paul Brodeur (D),
Pete Capano (D),
Michelle Ciccolo (D),
Nick Collins (D),
Jo Comerford (D),
Mike Connolly (D),
Daniel Cullinane (D),
Julian Cyr (D),
Marjorie Decker (D),
Marcos Devers (D),
Mindy Domb (D),
Dan Donahue (D),
Michelle DuBois (D),
Carolyn Dykema (D),
Lori Ehrlich (D),
Jamie Eldridge (D),
Nika Elugardo (D),
Paul Feeney (D),
Dylan Fernandes (D),
Sean Garballey (D),
Denise Garlick (D),
Carmine Gentile (D),
Carlos González (D),
Tami Gouveia (D),
Danielle Gregoire (D),
Jim Hawkins (D),
Stephen Hay (D),
Jonathan Hecht (D),
Natalie Higgins (D),
Kate Hogan (D),
Kevin Honan (D),
Patrick Kearney (D),
Mary Keefe (D),
Kay Khan (D),
Kathy LaNatra (D),
John Lawn (D),
David LeBoeuf (D),
Jack Lewis (D),
Jay Livingstone (D),
Adrian Madaro (D),
John Mahoney (D),
Elizabeth Malia (D),
Paul Mark (D),
Christina Minicucci (D),
Liz Miranda (D),
Frank Moran (D),
James Murphy (D),
Brian Murray (D),
Harold Naughton (D),
Tram Nguyen (D),
Jim O'Day (D),
Sarah Peake (D),
Denise Provost (D),
Becca Rausch (D),
Dave Robertson (D),
Maria Robinson (D),
Dave Rogers (D),
Lindsay Sabadosa (D),
Jon Santiago (D),
Tom Stanley (D),
José Tosado (D),
Paul Tucker (D),
Steve Ultrino (D),
Andy Vargas (D),
Aaron Vega (D),
Tommy Vitolo (D),
Tom Walsh (D),
Susannah Whipps (I),
Other Sponsors (1)
Joint Committee on Public Service (J)
Last Action
Bill reported favorably by committee and referred to the committee on House Steering, Policy and Scheduling (on 02/24/2020)
Official Document
bill text
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/191/H4440 |
| Bill | https://malegislature.gov/Bills/191/H4440.pdf |
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