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HB 0041 - Retirement and pensions; invest funds in companies producing racist or obscene lyrics; provide divestiture

Tracking Level: Monitor
Sponsor: Mitchell,Billy 88th
Last Action: 4/3/2009 - House Second Readers
House Committee: Ret
Assigned To:
RetirementNext Bill

Staff Analysis of the Legislation

SUMMARY:

            This bill would prohibit public retirement systems from investing in music companies that use racist or obscene language in their lyrics.  Any existing investments would have to be divested by July 1, 2009.

Bill Summary from the State Site - Click for the State Summary Page / Click for Current Full Text