HD 1539

This bill requires Massachusetts to divest its 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 a year. The divestment requirement applies to both publicly-traded and non-publicly traded securities, though it exempts indirect holdings in actively managed investment funds. This legislation would establish a permanent policy prohibiting the state's public pension system from investing in nuclear weapon producers going forward.