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Bill > A06331


NY A06331

NY A06331
Establishes the teachers' fossil fuel divestment act; requires the New York state teachers' retirement system to divest the retirement system of any stocks, securities, equities, assets, or other obligations of corporations or companies included on an exclusion list of coal producers and oil and gas producers.


summary

Introduced
03/16/2021
In Committee
01/05/2022
Crossed Over
Passed
Dead
12/31/2022

Introduced Session

2021-2022 General Assembly

Bill Summary

Establishes the teachers' fossil fuel divestment act; requires the New York state teachers' retirement system to divest the retirement system of any stocks, securities, equities, assets, or other obligations of corporations or companies included on an exclusion list of coal producers and oil and gas producers.

AI Summary

This bill establishes the "teachers' fossil fuel divestment act," which requires the New York State Teachers' Retirement System to divest from stocks, securities, equities, assets, or other obligations of corporations or companies included on an exclusion list of coal producers and oil and gas producers. The bill defines key terms, such as "coal producer" and "oil and gas producer," and outlines the process for creating and updating the exclusion list. The bill also addresses compliance with fiduciary duties, limits on indirect investments, and reporting requirements to the state legislature.

Committee Categories

Labor and Employment

Sponsors (70)

Vivian Cook (D)* Anna Kelles (D)* Thomas Abinanti (D),  Khaleel Anderson (D),  Brian Barnwell (D),  Rodneyse Bichotte Hermelyn (D),  Harry Bronson (D),  Chris Burdick (D),  Kenny Burgos (D),  Pat Burke (D),  Robert Carroll (D),  Sarah Clark (D),  William Colton (D),  William Conrad (D),  Catalina Cruz (D),  Steven Cymbrowitz (D),  Taylor Darling (D),  Maritza Davila (D),  Carmen De La Rosa (D),  Inez Dickens (D),  Jeffrey Dinowitz (D),  Steven Englebright (D),  Harvey Epstein (D),  Patricia Fahy (D),  Nathalia Ferna´ndez (D),  Mathylde Frontus (D),  Emily Gallagher (D),  Eddie Gibbs (D),  Deborah Glick (D),  Jessica González-Rojas (D),  Richard Gottfried (D),  Andrew Hevesi (D),  Chantel Jackson (D),  Jonathan Jacobson (D),  Kimberly Jean-Pierre (D),  Ron Kim (D),  Charles Lavine (D),  Jen Lunsford (D),  Donna Lupardo (D),  Zohran Mamdani (D),  John McDonald (D),  Karen McMahon (D),  Marcela Mitaynes (D),  Yuh-Line Niou (D),  Danny O'Donnell (D),  Steve Otis (D),  Amy Paulin (D),  N. Nick Perry (D),  Victor Pichardo (D),  Gary Pretlow (D),  Dan Quart (D),  Phil Ramos (D),  Karines Reyes (D),  José Rivera (D),  David Rosenthal (D),  Linda Rosenthal (D),  Nader Sayegh (D),  Rebecca Seawright (D),  Amanda Septimo (D),  Jo Anne Simon (D),  Michaelle Solages (D),  Phara Souffrant Forrest (D),  Phil Steck (D),  Steve Stern (D),  Al Stirpe (D),  Al Taylor (D),  Fred Thiele (D),  Latrice Walker (D),  Ken Zebrowski (D),  Stefani Zinerman (D), 

Last Action

referred to governmental employees (on 01/05/2022)

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