Loading chat...
ME LD1383
Bill
Status
4/1/2025
Primary Sponsor
Rafael Macias
Click for details
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