H 2597

This bill requires Massachusetts to divest all state pension funds from companies involved in nuclear weapons production within 12 months. Specifically, it mandates that the Pension Reserves Investment Management Board identify all direct and indirect holdings in companies that develop, test, produce, maintain, or trade nuclear weapons or nuclear weapon systems within 30 days, and then sell or withdraw all such investments within one year. The legislation establishes a permanent policy prohibiting future pension fund investments in nuclear weapon producers, though it exempts indirect holdings in actively managed funds, and aims to ensure that Massachusetts public employee retirement funds are not supporting the nuclear weapons industry.