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MA H1264
Bill
Status
2/27/2025
Primary Sponsor
Samantha Montano
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AI Summary
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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
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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
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Prohibits future investments in WMD entities and requires external asset managers to divest or reallocate holdings to funds devoid of such investments
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Requires all state agencies to review and terminate existing contracts with WMD entities and refrain from entering new contracts with them
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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