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ME LD1383

Bill

Status

Introduced

4/1/2025

Primary Sponsor

Rafael Macias

Click for details

Origin

House of Representatives

132nd Legislature

AI Summary

  • Prohibits Maine from investing public funds, including Maine Public Employees Retirement System assets, in companies or financial institutions that operate in, benefit from, or are associated with "perpetrator states" found by international bodies (UN, International Criminal Court) to have committed apartheid, ethnic cleansing, genocide, or war crimes

  • Requires divestment of all existing assets from entities connected to perpetrator states within 12 months of that state's designation

  • Establishes a commission under the Office of the Treasurer of State, working with human rights experts, to monitor international reports and identify potential perpetrator states, with annual compliance reports due to the Governor and Legislature by January 1st

  • Exempts investments and contracts related to humanitarian aid, food, medicine, or essential supplies; allows Governor to waive requirements if compliance would cause significant harm to Maine residents or undermine national security

  • Attorney General shall enforce violations against any department, agency, or public or private person, with legal challenges to be addressed on an expedited basis

Legislative Description

An Act to Require State Divestment from Perpetrators of International Human Rights Violations

State Government

Last Action

Voted: ONTP

3/4/2026

Committee Referrals

State And Local Government4/1/2025

Full Bill Text

No bill text available