An Act promoting responsible investment

HD 3001 requires the state's pension fund (managing retirement savings for public employees) to identify and sell all investments in companies that manufacture, sell, or support weapons of mass destruction (WMDs) within 12 months of the law's effective date. The bill defines WMDs broadly to include nuclear, chemical, biological weapons, and related technologies under federal law. State agencies must also stop contracting with WMD-related companies and publicly report such contracts. The law exempts the pension fund from conflicting investment rules and provides legal protection for officials implementing the divestment.