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SENATE DOCKET, NO. 1051 FILED ON: 1/18/2023
SENATE . . . . . . . . . . . . . . No. 1648
The Commonwealth of Massachusetts
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PRESENTED BY:
Sal N. DiDomenico
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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 responsible corporate investments.
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PETITION OF:
NAME:DISTRICT/ADDRESS :Sal N. DiDomenicoMiddlesex and Suffolk 1 of 1
SENATE DOCKET, NO. 1051 FILED ON: 1/18/2023
SENATE . . . . . . . . . . . . . . No. 1648
By Mr. DiDomenico, a petition (accompanied by bill, Senate, No. 1648) of Sal N. DiDomenico
for legislation relative to responsible corporate investments. Public Service.
The Commonwealth of Massachusetts
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In the One Hundred and Ninety-Third General Court
(2023-2024)
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An Act relative to responsible corporate investments.
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority
of the same, as follows:
1 Massachusetts General Law Chapter 32 is hereby amended by adding a new section:
2 "Section 106. The state employees retirement system, the teachers retirement system, and
3all county, city and town contributions retirement systems shall not invest, or otherwise
4contribute funds, directly or indirectly, to an investment vehicle or fund controlled or managed
5by a financial institution or investment company, if that financial institution or investment
6company is headquartered, or, in the case of a non-publicly traded company, whose officers or
7principals reside in a state- which by executive or legislative action- has prohibited its state
8treasurer, retirement systems, or public pension funds from investing, with a financial institution
9or investment company because that financial institution or investment company utilizes
10environmental. social, and corporate (ESG) policies."