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MA H1264

Bill

Status

Introduced

2/27/2025

Primary Sponsor

Samantha Montano

Click for details

Origin

House of Representatives

194th General Court

AI Summary

  • Requires the Pension Reserves Investment Management Board to identify all investments in weapons of mass destruction (WMD) entities within 30 days and file the list with the Attorney General and legislature for public disclosure

  • Mandates complete divestment from WMD entities within 12 months, covering companies that manufacture, produce, promote, sell, distribute, or facilitate weapons including destructive devices, chemical weapons, biological agents, and radioactive weapons

  • Prohibits future investments in WMD entities and requires external asset managers to divest or reallocate holdings to funds devoid of such investments

  • Requires all state agencies to review and terminate existing contracts with WMD entities and refrain from entering new contracts with them

  • Provides legal indemnification for board members, state officers, employees, and investment managers for decisions to divest from WMD entities, and mandates annual reporting on divestment progress

Legislative Description

Promoting responsible investment

Last Action

Accompanied a study order, see H5213

3/12/2026

Committee Referrals

Financial Services2/27/2025

Full Bill Text

No bill text available