Prohibits investment by State of pension and annuity funds in Chinese pharmaceutical companies.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill prohibits the State of New Jersey’s pension and annuity funds from investing in any Chinese pharmaceutical companies or companies with ties to them. It aims to address concerns about risks associated with Chinese pharmaceutical manufacturing, particularly in light of the COVID-19 pandemic and alleged concealment of information by the Chinese government. The bill directs the State Investment Council and Division of Investment to divest existing investments and establish reporting requirements to ensure compliance.
Bill text
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Document of record
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