Bill
Bill > S1651
summary
Introduced
02/16/2023
02/16/2023
In Committee
02/16/2023
02/16/2023
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
193rd 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 (PRIM Board) to divest state pension funds from companies involved in the development, testing, production, or trade of nuclear weapons or nuclear weapon systems. The bill defines key terms such as "nuclear weapon producer" and "nuclear material," and outlines the divestment process, including the requirement to sell all publicly-traded and non-publicly-traded securities of identified nuclear weapon producers within 12 months. The bill also provides exemptions and protections for the PRIM Board regarding its compliance with the divestment mandate, and requires annual reporting on the divestment activities.
Committee Categories
Labor and Employment
Sponsors (2)
Last Action
Accompanied a study order, see S2610 (on 02/08/2024)
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/193/S1651 |
| BillText | https://malegislature.gov/Bills/193/S1651.pdf |
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