An Act relative to pension divestment from companies providing military equipment to the State of Israel
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill seeks to require the state of Massachusetts to divest its public pension funds from companies that provide military equipment to Israel. The bill argues that investing in these companies supports the Israeli military and contradicts the state’s values. It proposes a study order to examine the potential impact of such divestment. The bill is currently under consideration by the Public Service committee.
Key provisions
- Requires a study of the potential impact of divestment from companies providing military equipment to Israel.
- Directs the state pension fund to consider divestment from such companies.
- Authorizes the Public Service committee to conduct a study on the matter.
- Establishes a timeline for the study order (H5312).
Who is affected
- Massachusetts State Pension Funds
- Companies providing military equipment to Israel
- Massachusetts residents who contribute to the state pension fund
Notable changes
- Proposes a shift in investment strategy for state pension funds.
- Aligns state investment practices with ethical considerations regarding military equipment sales.
Bill text
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Sponsors
Official sponsors from legislative records.
5 on record
Primary sponsor
Cosponsors
Samantha Montaño
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