Bill > H2984

This bill requires the Pension Reserves Investment Management Board (a state agency responsible for managing Massachusetts public employee pension funds) to divest, or sell off, any investments in companies that sell weapons to Israel within 60 days of the law's effective date. Companies can avoid divestment if they publicly announce within 30 days that they will not renew or enter into any new weapon sales contracts with Israel. The bill appears to be a policy mechanism aimed at pressuring weapon manufacturers to stop selling military equipment to Israel, potentially in response to the ongoing conflict in Gaza. By using the state's pension investment strategy as a tool, the bill seeks to create economic consequences for companies supporting Israel's military operations. The legislation overrides any existing laws that might otherwise prevent such divestment, signaling a strong policy stance on the issue of military equipment sales to Israel.

Labor and Employment

https://malegislature.gov/Bills/194/H2984