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NJ S884
Bill
Status
Introduced
1/13/2026
Primary Sponsor
Michael Testa
Click for details
AI Summary
- Prohibits New Jersey pension and annuity funds under the Division of Investment from investing in Chinese pharmaceutical companies or any company with equity ties or business operations with Chinese pharmaceutical companies
- Defines "Chinese pharmaceutical company" as companies headquartered in China that are at least 51% owned by Chinese citizens, civilian-run enterprises, or the Chinese government
- Requires the State Investment Council and Division of Investment to divest from any prohibited investments within three years of the bill's effective date
- Mandates the Division of Investment to file a report within 60 days identifying all violating investments, followed by annual progress reports to the Legislature
- Provides legal indemnification for State Investment Council members and state employees from any claims arising from investment decisions made under this law
Legislative Description
Prohibits investment by State of pension and annuity funds in Chinese pharmaceutical companies.
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
Committee Referrals
State Government, Wagering, Tourism & Historic Preservation1/13/2026
Full Bill Text
No bill text available