MA S1703

Bill

MA S1703

Relative to the divestment of state pension funds from nuclear weapons

Introduced
03/29/2021

In Committee
03/29/2021

Crossed Over

Passed

Dead
12/31/2022

Introduced Session

192nd General Court

Bill Summary

For legislation relative to the divestment of state pension funds from nuclear weapons. Public Service.

AI Summary

This bill requires the Massachusetts Pension Reserves Investment Management Board (the "public fund") to identify and divest from any companies that are nuclear weapons producers within 12 months of the bill's enactment. The public fund is prohibited from investing in such companies going forward. The bill also provides the public fund with legal immunity for any decisions to restrict, reduce, or eliminate investments in nuclear weapons producers, and requires the public fund to annually report on its divestment actions. The bill includes some exceptions, such as allowing the public fund to cease divestment if the value of its assets falls below a certain threshold.

Committee Categories

Labor and Employment

Sponsors (4)

Jamie Eldridge (D)*, Jo Comerford (D), Jack Lewis (D), Erika Uyterhoeven (D),

Last Action

Accompanied a study order, see S2679 (on 02/10/2022)

Official Document

https://malegislature.gov/Bills/192/S1703

(8 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/192/S1703
Bill	https://malegislature.gov/Bills/192/S1703.pdf

Bill	Bill Name	Last Action	Type
H2593	Relative to public employees performing core functions	Accompanied a study order, see H5206	Similar To
H2597	Relative to the divestment of state pension funds from nuclear weapons	Accompanied a study order, see H5206	Similar To
H2710	Relative to health insurance benefits for state employees	Accompanied a new draft, see H4508	Similar To
S1169	Relative to state employment postings	Accompanied a study order, see S2697	Similar To
S1555	Resolve providing for an investigation and study by a special commission relative to the existential threat posed by nuclear weapons to the commonwealth of Massachusetts	Resolve reported favorably by committee and referred to the committee on Senate Ways and Means	Similar To
S1556	Resolutions relative to the existential threat posed by nuclear weapons to the Commonwealth of Massachusetts	Accompanied a study order, see S2767	Similar To
S1695	Relative to health insurance benefits for state employees	Accompanied a new draft, see H4508	Similar To
S2679	Order relative to authorizing the joint committee on Public Service to make an investigation and study of certain current Senate documents relative to public service matters	Discharged to the committee on Senate Rules	Replaced by

Bill > S1703

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (4)

Last Action

Official Document

bill text

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