Prohibits investment by State of pension and annuity funds in companies engaging in government contracts or business operations infringing on data privacy of individuals for purpose of determining immigration status.

This New Jersey bill prohibits state pension and annuity funds from investing in companies that collect or manipulate personal data - without a warrant or court order - to determine immigration status or citizenship. It requires the State Investment Council to identify such companies using an independent privacy firm, then divest funds from them by January 1 of the second year after the bill takes effect, while following standard investment practices. The Council must submit annual reports detailing divested investments and progress to the Governor and Legislature. The bill also shields officials from legal liability for divestment decisions made under its requirements.