summary
Introduced
02/26/2021
02/26/2021
In Committee
02/26/2021
02/26/2021
Crossed Over
Passed
Dead
06/30/2021
06/30/2021
Introduced Session
2021 Regular Session
Bill Summary
A N A C T RELATING TO PUBLIC FINANCE - DIVESTMENT OF STATE PENSION FUNDS FROM MILITARY CONTRACTORS *** This act would require the state investment commission to identify and divest pension fund 1 investments in military weapon manufacturers whether held directly and indirectly with certain 2 exceptions and would also require the state investment commission to provide an annual written 3 report to the attorney general, the house, and the senate. 4 This act would take effect upon passage. 5 ======== LC001567 ========
AI Summary
This bill requires the state investment commission to identify and divest pension fund investments in military weapon manufacturers, both directly and indirectly, with certain exceptions. The commission must provide an annual written report to the attorney general, the House, and the Senate on the divestment actions taken. The bill also provides indemnification for the commission and its members, officers, employees, and investment managers for any decisions to restrict, reduce, or eliminate investments in military contractors.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Committee recommended measure be held for further study (on 03/11/2021)
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| BillText | http://webserver.rilin.state.ri.us/BillText21/HouseText21/H6026.pdf |
Loading...