Bill
Bill > H2591
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
Relative to requiring public pension fund divestment from ammunition and firearms. Public Service.
AI Summary
This bill requires the Pension Reserves Investment Trust (PRIT) and the Pension Reserves Investment Management Board (PRIM), which manage public pension funds in Massachusetts, 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 bill defines key terms such as "ammunition," "firearm," and "firearm accessory," and provides a process for the public funds to identify and regularly update a list of "scrutinized companies" that meet the divestment criteria. The bill also grants the public funds legal protections for their divestment actions, requires them to report on their divestment activities, and allows for limited reinvestment in certain circumstances.
Committee Categories
Labor and Employment
Sponsors (6)
Jay Livingstone (D)*,
Rodney Elliott (D),
David Linsky (D),
Sam Montaño (D),
Becca Rausch (D),
Lindsay Sabadosa (D),
Last Action
Accompanied a study order, see H4518 (on 04/04/2024)
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/H2591 |
| BillText | https://malegislature.gov/Bills/193/H2591.pdf |
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