Bill
Bill > S2407
summary
Introduced
03/19/2018
03/19/2018
In Committee
04/04/2018
04/04/2018
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
190th General Court
Bill Summary
For legislation to require public pension fund divestment from ammunition and firearms. Public Service.
AI Summary
This bill requires public pension funds in Massachusetts, such as the Pension Reserves Investment Trust (PRIT), to divest from companies that manufacture or sell ammunition, firearms, and firearm accessories for non-law enforcement or non-military purposes. The bill defines key terms like "ammunition manufacturing company" and "firearm manufacturing company" as those deriving more than 15% of their revenue from these activities. The public pension fund must identify and divest from such companies within 12 months of the bill's enactment, with some exceptions for indirectly held investments. The bill also provides legal protections for the pension fund and its employees from any liability related to these divestment actions.
Committee Categories
Labor and Employment
Sponsors (7)
Cynthia Creem (D),
Brendan Crighton (D),
Julian Cyr (D),
Lori Ehrlich (D),
Jamie Eldridge (D),
Cindy Friedman (D),
Jack Lewis (D),
Last Action
Accompanied a study order, see S2536 (on 06/04/2018)
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/190/S2407 |
| Bill | https://malegislature.gov/Bills/190/S2407.pdf |
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