Bill > H2480

This bill requires the Massachusetts Pension Reserves Investment Management Board (PRIM), which manages the state's public pension funds, to divest from companies that produce nuclear weapons or nuclear weapon systems within 12 months of the bill's enactment. The bill defines key terms like "nuclear weapon producer" and provides exceptions for indirectly held investments in actively managed funds. The bill also exempts PRIM from any conflicting obligations and indemnifies its board members, officers, and investment managers from liability related to divestment decisions. Additionally, PRIM must annually report on its divestment actions and remaining prohibited investments to the state attorney general and legislature.

Labor and Employment

https://malegislature.gov/Bills/193/H2480