NJ S2283

Prohibits New Jersey State pension and annuity funds managed by the Division of Investment from investing in companies with equity ties to manufacturers, importers, or sellers of assault firearms for civilian use

Exempts companies that exclusively manufacture, import, or sell assault firearms for military organizations and law enforcement agencies

Requires the Division of Investment to divest from any prohibited investments within three years of the bill's enactment, without requiring premature or imprudent divestment

Mandates the Director of the Division of Investment to file a report within 60 days identifying all prohibited investments, with annual progress reports thereafter

Provides indemnification for State Investment Council members and state officers/employees against all claims and liability arising from investment decisions made pursuant to this act