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OH HR244

Resolution

Status

Introduced

5/17/2022

Primary Sponsor

Casey Weinstein

Click for details

Origin

House of Representatives

134th General Assembly (2021-2022)

AI Summary

  • Urges the boards of Ohio's state retirement systems to sell, redeem, or divest holdings in companies and institutions based in Russia in an orderly manner consistent with fiduciary duties.

  • State retirement systems collectively hold approximately $210 million in Russian-based company and institutional investments.

  • State retirement systems have combined assets totaling more than $237 billion.

  • Condemns Russia's military assault against Ukraine and affirms support for the Ukrainian people's resistance.

  • Requires the Ohio House Clerk to send authenticated copies of the resolution to each state retirement system board and Ohio news media.

Legislative Description

Urge state retirement systems to divest from Russian entities.

Last Action

Introduced and Referred to Committee: Insurance

5/17/2022

Committee Referrals

Insurance5/17/2022

Full Bill Text

No bill text available