LD 319 – LD 319 An Act To Promote Socially Responsible Investing by the Maine Public Employees Retirement System by Prohibiting Investment in the Fossil Fuel Industry or For-profit Prisons

Representative Brennan-D This bill prohibits the Board of Trustees of the Maine Public Employees Retirement System from investing the assets of the retirement system in any stocks or other securities of any corporation or company within the fossil fuel industry or any corporation or company that owns or operates prisons for profit. The bill directs the board to review its existing policy and make necessary changes to conform to the prohibition and to report to the Joint Standing Committee on Labor and Housing by January 1, 2022.
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