Bill
Bill > A3915
NJ A3915
NJ A3915Prohibits State from investing pension and annuity funds in manufacturers or wholesale distributors of tobacco products.
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 investment of the assets of any public pension or annuity fund under the jurisdiction of the Division of Investment in the stocks, securities, or other obligations of any corporation or other entity engaged in the manufacture or wholesale distribution of tobacco products. The bill provides that existing investments in such businesses shall be divested within three years of the bill's effective date. It also requires the Director of the Division of Investment to file periodic reports with the Legislature which will describe the progress made in divesting these assets and analyze the fiscal impact of the bill on the affected pension and annuity funds. The purpose of the bill is to prevent public pension funds from being used to support the manufacture and distribution of a product which is known to be harmful.
AI Summary
This bill prohibits the State of New Jersey from investing any public pension or annuity fund, managed by the Division of Investment, in companies that manufacture or wholesale distribute tobacco products, aiming to prevent public funds from supporting a harmful industry. Existing investments in such companies must be sold off within three years of the bill's enactment, and the Director of the Division of Investment is required to report periodically to the Legislature on the progress of these sales and their financial impact on the pension funds.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
Introduced, Referred to Assembly State and Local Government 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/A3915 |
| BillText | https://pub.njleg.gov/Bills/2026/A4000/3915_I1.HTM |
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