SB 1005 - Requires Retirement and Pension System to Divest from Russia - Maryland Key Vote
Timeline
- Executive Signed
- May 12, 2022
- House Bill Passed
- April 6, 2022
- Senate Bill Passed
- March 17, 2022
- Introduced
- Feb. 25, 2022
Related Issues
Stage Details
Title: Requires Retirement and Pension System to Divest from Russia
Signed by Governor Larry Hogan, Jr.
Title: Requires Retirement and Pension System to Divest from Russia
Title: Requires Retirement and Pension System to Divest from Russia
Vote Smart's Synopsis:
Vote to amend and pass a bill that requires the Retirement and Pension System to divest from Russia.
Highlights:
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Specifies “divestment action” to mean selling, redeeming, transferring, and exchanging (Page 2).
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Specifies “investment” to mean funds or assets to a company (Page 2).
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Specifies “Russia” to be only the federal government and political institutions (Page 2).
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Specifies “Russia-restricted investment” to include companies identified as located within Russia (Page 2).
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Authorizes the Board of Trustees to review all acounts for investment in Russia-restricted investment (Page 3).
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Prohibits making new investments in any Russia-restricted investment (Page 3).
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Requires the Board of Trustees to exclude companies excluded by the U.S. federal government (Page 3).
Title: Requires Retirement and Pension System to Divest from Russia