MD HB1455

Requires the Maryland State Retirement and Pension System Board of Trustees to divest from "Israel-restricted investments" in actively managed separate accounts, including Development Corporation for Israel securities, Israeli government-held assets, and Israeli sovereign debt

Prohibits new investments from net new funds into Israel-restricted investments in eligible accounts, while exempting indexed funds, private equity, real estate funds, and other commingled or passively managed funds

Allows the Board to exclude divestment actions that cannot be executed at fair market value or greater

Requires semi-annual reports (April 1 and October 1) to the Senate Budget and Taxation Committee, House Appropriations Committee, and Joint Committee on Pensions detailing all divestment actions taken

Provides liability immunity for the Board of Trustees and fiduciaries acting in good faith to comply with divestment requirements, with effective date of July 1, 2026