Bill

Bill > A01101


NY A01101

NY A01101
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
01/13/2023
In Committee
01/03/2024
Crossed Over
Passed
Dead
12/31/2024

Introduced Session

2023-2024 General Assembly

Bill Summary

AN ACT to amend the education law, in relation to requiring the New York state teachers' retirement system to divest the retirement system of any investments in 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 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. The bill sets timelines for divestment, allows for the removal of corporations or companies from the exclusion list, and requires the retirement board to report annually on actions taken to comply with the law. The bill also outlines the retirement board's fiduciary responsibilities and limitations on indirect investments in fossil fuel producers.

Committee Categories

Labor and Employment

Sponsors (63)

Vivian Cook (D)* Anna Kelles (D)* Khaleel Anderson (D),  Juan Ardila (D),  Rodneyse Bichotte Hermelyn (D),  Harry Bronson (D),  Chris Burdick (D),  Kenny Burgos (D),  Pat Burke (D),  Robert Carroll (D),  Monique Chandler-Waterman (D),  Sarah Clark (D),  William Colton (D),  William Conrad (D),  Catalina Cruz (D),  Brian Cunningham (D),  Taylor Darling (D),  Maritza Davila (D),  Inez Dickens (D),  Jeffrey Dinowitz (D),  Chris Eachus (D),  Harvey Epstein (D),  Patricia Fahy (D),  Emily Gallagher (D),  Eddie Gibbs (D),  Deborah Glick (D),  Jessica González-Rojas (D),  Andrew Hevesi (D),  Chantel Jackson (D),  Jonathan Jacobson (D),  Kimberly Jean-Pierre (D),  Ron Kim (D),  Charles Lavine (D),  Dana Levenberg (D),  Jen Lunsford (D),  Donna Lupardo (D),  Zohran Mamdani (D),  Karen McMahon (D),  Marcela Mitaynes (D),  Steve Otis (D),  Amy Paulin (D),  Gary Pretlow (D),  Steven Raga (D),  Phil Ramos (D),  Karines Reyes (D),  David Rosenthal (D),  Linda Rosenthal (D),  Nader Sayegh (D),  Rebecca Seawright (D),  Amanda Septimo (D),  Maryjane Shimsky (D),  Sarahana Shrestha (D),  Gina Sillitti (D),  Jo Anne Simon (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 01/03/2024)

bill text


bill summary

Loading...

bill summary

Loading...
Loading...