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Bill > S1628
NJ S1628
NJ S1628Prohibits investment by State of pension and annuity funds in, and requires divestment from, companies involved in production or maintenance of nuclear weapons.
summary
Introduced
01/13/2026
01/13/2026
In Committee
01/13/2026
01/13/2026
Crossed Over
Passed
Dead
Introduced Session
2026-2027 Regular Session
Bill Summary
This bill prohibits the Director of the Division of Investment from investing any assets of the State retirement funds in any company involved in the production or maintenance of nuclear weapons. The bill requires divestment from these companies to be completed generally within two years. Under the bill, the State Investment Council and the director are required to identify all companies subject to divestment, and the director is required to report annually on the progress of divestment.
AI Summary
This bill mandates that the State of New Jersey prohibit any new investments and divest from existing holdings in companies involved in the production or maintenance of nuclear weapons, impacting state pension and annuity funds managed by the Division of Investment. The State Investment Council and the Director of the Division of Investment are tasked with identifying these companies and must complete the divestment process within two years of the bill's enactment, while also being required to report annually on their progress to the Governor and Legislature. The bill also provides indemnification for council members and state officials involved in implementing these investment restrictions.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
Introduced in the Senate, Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee (on 01/13/2026)
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://www.njleg.state.nj.us/bill-search/2026/S1628 |
| BillText | https://pub.njleg.gov/Bills/2026/S2000/1628_I1.HTM |
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