Bill > H2503

This bill requires the public pension fund 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 fund must identify and divest from such companies within 12 months of the bill's enactment. The bill provides exceptions for indirectly held investments and allows the fund to cease divestment if the value of all assets managed by the fund would otherwise fall below 99.5% of the hypothetical value without any divestment. The fund is required to report annually on its compliance with the divestment requirements.

Labor and Employment

https://malegislature.gov/Bills/193/H2503