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NJ S326
Bill
Status
1/13/2026
Primary Sponsor
Douglas Steinhardt
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AI Summary
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Directs the New Jersey Division of Investment to review state pension and annuity fund assets for investments in foreign companies with equity ties to foreign adversaries as designated by the U.S. Secretary of Commerce
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Defines "equity tie" broadly to include manufacturing plants, mining operations, employees, advisors, facilities, subsidiaries, joint ventures, or any investment/fiduciary/monetary/physical presence in a foreign adversary country
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Exempts from the equity tie definition any foreign company activities providing humanitarian aid through non-governmental organizations
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Requires the Director of the Division of Investment to submit a report within six months to the Governor, Legislature, and State Investment Council identifying all affected investments
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Report must include recommendations on whether New Jersey should divest pension fund assets from companies with foreign adversary ties
Legislative Description
Requires State Division of Investment to review pension and annuity fund assets to determine extent to which assets are invested in businesses with ties to foreign adversaries.
State Government, Wagering, Tourism & Historic Preservation
Last Action
Introduced in the Senate, Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee
1/13/2026