HOUSE DOCKET, NO. 1556        FILED ON: 1/18/2023

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 2434

 

The Commonwealth of Massachusetts

_________________

PRESENTED BY:

Christine P. Barber

_________________

To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled:

The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:

An Act relative to the responsible corporate investments act.

_______________

PETITION OF:

 

Name:

District/Address:

Date Added:

Christine P. Barber

34th Middlesex

1/18/2023

Lindsay N. Sabadosa

1st Hampshire

1/20/2023

Sal N. DiDomenico

Middlesex and Suffolk

1/27/2023


HOUSE DOCKET, NO. 1556        FILED ON: 1/18/2023

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 2434

By Representative Barber of Somerville, a petition (accompanied by bill, House, No. 2434) of Christine P. Barber, Lindsay N. Sabadosa and Sal N. DiDomenico relative to retirement system investments in certain corporations utilizing environmental, social, and corporate governance policies.  Public Service.

 

The Commonwealth of Massachusetts

 

_______________

In the One Hundred and Ninety-Third General Court
(2023-2024)

_______________

 

An Act relative to the responsible corporate investments act.

 

Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
 

SECTION 1. Chapter 32 of the General Laws, as appearing in the 2016 Official Edition, is hereby amended by adding a new section:-

The state employees retirement system, the teachers retirement system. and all county, city, and town contributions retirement systems shall not invest, or otherwise contribute funds, directly or indirectly, to an investment vehicle or fund controlled or managed by a financial institution or investment company, if that financial institution or investment company is headquartered, or, in the case of a non-publicly traded company, whose officers or principals reside in a state -which by executive or legislative action -has prohibited its state treasurer, retirement systems, or public pension funds from investing, with a financial institution or investment company because that financial institution or investment company utilizes environmental, social, and corporate (ESG) policies.