Skip to Content


HOUSE DOCKET, NO. 1237         FILED ON: 1/16/2013

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 3248

 

The Commonwealth of Massachusetts

_________________

PRESENTED BY:

Jonathan Hecht

_______________

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 promoting responsible investment and the prevention of genocide.

_______________

PETITION OF:

 

Name:

District/Address:

Jonathan Hecht

29th Middlesex

Denise Andrews

2nd Franklin


HOUSE DOCKET, NO. 1237        FILED ON: 1/16/2013

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 3248

By Mr. Hecht of Watertown, a petition (accompanied by bill, House, No. 3248) of Jonathan Hecht and Denise Andrews relative to the investment of funds in certain institutions engaged in the manufacture, distribution or sale of firearms and weapons.  Public Safety and Homeland Security. 

 

[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE HOUSE, NO. 829 OF 2011-2012.]


The Commonwealth of Massachusetts
 

_______________

In the Year Two Thousand Thirteen

_______________

 

An Act promoting responsible investment and the prevention of genocide.
 

              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. Section 13K of chapter 23A of the General Laws, as amended by chapter 240 of the acts of 2010, is hereby amended by inserting at the end thereof the following sentence : — The general court shall not consent to any trade agreement with a nation within whose boundaries genocide is occurring, as declared by the general court, the United States or the United Nations.

              SECTION 2. Chapter 23A of the General Laws, as so amended, is hereby amended by adding the following section: -

              Section 13T. The executive director of the international trade office shall make an annual assessment of international trading partners in nations with a history of genocide or of suspected genocide to determine whether they have acted affirmatively to acknowledge and redress prior acts of genocide committed within their borders. The executive director shall contact the international trade agencies in nations that have taken such affirmative action to inform them of the commonwealth’s recognition of their efforts and their designation as a priority trading partner.

              SECTION 3. Paragraph (g) of subsection (2) of section 23 of chapter 32 of the General Laws, as appearing in the 2008 Official Edition, is hereby amended by adding the following clause:—

              (iv) subsequent to the date of such determination, no new investment of funds shall be made in any bank or financial institution which directly or through any subsidiary has outstanding loans to any individual corporation engaged in the manufacture, distribution or sale of firearms, munitions, including rubber or plastic bullets, tear gas, armored vehicles, or military aircraft for use or development in any activity in any country where genocide is occurring, as declared by the general court, the United States or the United Nations, and no new investment of funds shall be made in the stocks, securities or other obligations of any company so engaged.

              SECTION 4. Said subsection (2) of said section 23 of said chapter 32, as so appearing, is hereby amended by striking out, in line 224, the words “( i ), (ii) and (iii)” and inserting in place thereof the following:— ( i ) to (iv), inclusive.

              SECTION 5. Said section 23 of said chapter 32, as so appearing, is hereby amended by striking out, in line 377, the word “and”.

              SECTION 6. Said section 23 of said chapter 32, as so appearing, is hereby amended by adding after the word “engaged”, in lines 383 and 384, the following words:— ; and provided, further, that no funds are to be invested in any bank or financial institution which directly or through any subsidiary has outstanding loans to any individual corporation engaged in the manufacture, distribution or sale of firearms, munitions, including rubber or plastic bullets, tear gas, armored vehicles, or military aircraft for use or deployment in any activity in any country where genocide is occurring, as declared by the general court, the United States, or the United Nations, and no assets shall be invested in the stocks, securities or other obligations of any such company so engaged. The PRIM board shall grant special consideration to investments, subject to the requirements of this section, in countries which have acted affirmatively to acknowledge and redress prior acts of genocide committed within their borders.

The information contained in this website is for general information purposes only. The General Court provides this information as a public service and while we endeavor to keep the data accurate and current to the best of our ability, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.

Error