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NJ S4882
Bill
Status
11/17/2025
Primary Sponsor
Brian Stack
Click for details
AI Summary
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Prohibits New Jersey pension and annuity funds from investing in companies that collect, manipulate personal data, or conduct surveillance of individuals without a warrant to determine citizenship or immigration status
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Requires the State Investment Council and Division of Investment Director to hire an independent data privacy research firm to identify companies engaged in prohibited activities, in consultation with the State Chief Technology Officer
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Mandates divestment from identified companies by January 1 of the second year following enactment, while allowing flexibility to avoid premature or imprudent sales
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Requires initial reporting to the Governor and Legislature within 120 days, then annual reports on February 1 detailing divestment progress and remaining prohibited investments
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Provides legal indemnification for State Investment Council members and state employees against claims arising from divestment decisions under this act
Legislative Description
Prohibits investment by State of pension and annuity funds in companies engaging in government contracts or business operations infringing on data privacy of individuals for purpose of determining immigration status.
State Government, Wagering, Tourism & Historic Preservation
Last Action
Introduced in the Senate, Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee
11/17/2025