An Act promoting responsible investment
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill, sponsored by Patricia Jehlen, seeks to encourage responsible investment practices by directing divestment from entities involved in the manufacture, production, promotion, sale, or distribution of weapons of mass destruction. It is currently being reviewed by the Financial Services committee and has been accompanied by a study order related to preventing genocide.
Key provisions
- Directs divestment from companies involved in weapons of mass destruction.
- Addresses investment practices related to entities producing such weapons.
- Is being reviewed by the Massachusetts State Senate's Financial Services committee.
- Accompanied by a study order concerning genocide prevention.
- Currently undergoing hearings to discuss the proposed legislation.
Who is affected
- Investors
- Financial institutions
- Companies involved in weapons of mass destruction
- Massachusetts State Government
- The public
Notable changes
- The bill proposes a specific action – divestment – related to investment decisions.
- It connects investment practices with the production and proliferation of weapons of mass destruction.
- The bill is currently under consideration by the Massachusetts legislature.
Bill text
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Text extraction is in progress. View the official source.
Sponsors
Official sponsors from legislative records.
6 on record
Primary sponsor
Patricia D. Jehlen
Cosponsors
James B. Eldridge
Patricia D. Jehlen
Arguments
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