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
For legislation to require the public pension fund to divest from ammunition and firearms. Public Service.
AI Summary
This bill requires the Massachusetts public pension fund (the Pension Reserves Investment Trust or Pension Reserves Investment Management Board) to divest from companies that derive more than 15% of their revenue from the manufacture or sale of ammunition, firearms, or firearm accessories for non-law enforcement or non-military purposes. The fund must identify and divest from such companies within 12 months of the bill's enactment. The bill provides exemptions for indirectly held investments in actively managed funds and allows the fund to cease divestment if it would lead to a significant loss in the overall value of the fund's assets. The fund is also required to submit annual reports on its divestment actions.
Committee Categories
Labor and Employment
Sponsors (7)
Lori Ehrlich (D)*,
Christine Barber (D),
Michelle Ciccolo (D),
Mindy Domb (D),
Jamie Eldridge (D),
Jack Lewis (D),
Maria Robinson (D),
Last Action
Accompanied a study order, see H4960 (on 07/05/2022)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/192/H2635 |
| Bill | https://malegislature.gov/Bills/192/H2635.pdf |
Loading...