summary
Introduced
03/29/2021
03/29/2021
In Committee
04/04/2022
04/04/2022
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
192nd General Court
Bill Summary
For legislation to establish a separate fund to be known as the Massachusetts power sharing trust fund. Revenue.
AI Summary
This bill establishes the Massachusetts Power Sharing Trust Fund, which will consist of fees collected from publicly-held corporations and certain state entities that do not have at least 15% (or 2 members for boards with fewer than 11 members) of their governing board members be people of color. The funds will be distributed to the Commissions on the Status of African Americans, Latinos and Latinas, and Asian Descent in proportion to the non-white population they represent, to be used in furtherance of their missions. The Department of Revenue will also publish an annual report listing the contributing corporations and entities, as well as the total fees collected.
Committee Categories
Budget and Finance
Sponsors (8)
Nika Elugardo (D)*,
Marcos Devers (D),
Carlos González (D),
Patrick Kearney (D),
Steve Owens (D),
Maria Robinson (D),
Lindsay Sabadosa (D),
Chynah Tyler (D),
Last Action
Accompanied a study order, see H5279 (on 10/06/2022)
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/H2892 |
| Bill | https://malegislature.gov/Bills/192/H2892.pdf |
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