Bill > S1690

This bill requires the Massachusetts Pension Reserves Investment Management Board (PRIM) to divest its public pension fund holdings from ammunition, firearm, and firearm accessory manufacturing or retailing companies within 12 months of those companies being identified as "scrutinized companies." The bill provides definitions for key terms like "ammunition," "firearm," and "firearm accessory," and outlines the process for PRIM to identify and update the list of scrutinized companies on a quarterly basis. It also grants PRIM an exemption from any conflicting legal obligations related to these divestment actions and allows for limited reinvestment if the value of the fund's assets falls below a certain threshold. The bill also indemnifies PRIM board members, officers, employees, and investment managers from any liability related to these divestment decisions.

Labor and Employment

https://malegislature.gov/Bills/193/S1690