Bill
Bill > H2450
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 public pension fund divestment from the Republic of the Union of Myanmar. Public Service.
AI Summary
This bill requires the Massachusetts Pension Reserves Investment Management (PRIM) Board to identify and divest from companies with active business operations in Myanmar (also known as Burma) within 12 months, except for companies providing humanitarian assistance. The bill also prohibits the PRIM Board from acquiring securities of companies on the "scrutinized companies list" with active business operations in Myanmar, with some exceptions. The PRIM Board is required to report regularly on its compliance with the divestment requirements. The bill will expire once the U.S. Department of State removes sanctions against Myanmar.
Committee Categories
Labor and Employment
Sponsors (4)
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/H2450 |
| BillText | https://malegislature.gov/Bills/193/H2450.pdf |
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