summary
Introduced
03/29/2021
03/29/2021
In Committee
03/29/2021
03/29/2021
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
192nd General Court
Bill Summary
Relative to public pension divestment from certain companies that have active business operations with the Republic of the Union of Myanmar. Public Service.
AI Summary
This bill requires the Massachusetts Pension Reserves Investment Management Board (PRIM) to identify and divest from companies with active business operations in Myanmar (also known as Burma) within a one-year period, with limited exceptions. The bill defines key terms such as "active business operations," "scrutinized companies," and "humanitarian assistance." It also provides reporting requirements and allows the PRIM to temporarily cease divestment if doing so would result in the fund's assets dropping below certain thresholds. The bill will expire once the U.S. Department of State removes sanctions against Myanmar.
Committee Categories
Labor and Employment
Sponsors (2)
Last Action
Accompanied a study order, see H4960 (on 07/05/2022)
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/192/H2565 |
| Bill | https://malegislature.gov/Bills/192/H2565.pdf |
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