Tag: divestment

Portrait of Marco_Rubio_by_Matt_Johnson

The most recent effort to engage public pension plans in social investing came in legislation sponsored by Senator Marco Rubio (R-FL), which recently passed the Senate.  The relevant section (402) of S.1), a broader bill focusing on U.S. policy in the Middle East, was titled: “NONPREEMPTION OF MEASURES BY STATE AND LOCAL GOVERNMENTS TO DIVEST…

Coworkers analyzing investments and stock market at a table

Divesting stock of arms manufacturers raises a host of problems. Every few years politicians come up with the brilliant idea of using public pension funds to make political statements.  The most recent incarnation is proposed legislation that would require the Massachusetts’ public pension fund managers to sell the stock of any firearm company that derives…