An Act relative to pension divestment from the Republic of the Union of Myanmar

This bill directs Massachusetts' public pension fund to stop investing in companies that conduct active business operations in Myanmar. It requires the fund to identify these companies within 90 days of the law taking effect, using an independent research firm to compile a list that excludes firms providing humanitarian aid. Once identified, the pension fund must sell or withdraw its holdings in these companies according to a specific timeline, with at least half of the assets divested within a set period. The legislation defines "active business operations" as activities related to petroleum, insurance, technology, gems, and jewelry that have contributed significantly to Myanmar's resource development since February 2021.