Prohibits the investment of certain public funds with the Trump organization
REFERRED TO CIVIL SERVICE AND PENSIONS
Summary
The legislation prohibits the state’s common retirement fund and any pension or annuity funds under the comptroller from buying stocks, securities, or other obligations of firms that work with the Trump organization or its subsidiaries. It requires the comptroller to divest any existing prohibited holdings within three years and to report the holdings and divestment progress to the legislature. The goal is to keep public money away from entities linked to the Trump organization.
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