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MA S767

Bill

Status

Introduced

2/27/2025

Primary Sponsor

Patricia Jehlen

Click for details

Origin

Senate

194th General Court

AI Summary

  • Requires the Massachusetts Pension Reserves Investment Trust to divest from all entities that manufacture, produce, promote, sell, or distribute weapons of mass destruction within 12 months of the act's effective date

  • Mandates the Public Fund identify all WMD-related holdings within 30 days and file the list with the Attorney General and legislature, with public disclosure within 60 days

  • Defines weapons of mass destruction per federal law (18 U.S. Code § 2332a) to include destructive devices, chemical weapons, biological agents, and radiological weapons

  • Requires all state agencies to review and terminate existing contracts with WMD entities and prohibits entering new contracts with such entities

  • Provides legal indemnification for board members, state officers, employees, and investment managers for decisions made to comply with the divestment requirements

Legislative Description

Promoting responsible investment

Last Action

Accompanied a study order, see S2989

3/5/2026

Committee Referrals

Financial Services2/27/2025

Full Bill Text

No bill text available