H2904 • 2025

An Act authorizing independent retirement systems to divest from fossil fuel companies

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The official status still shows this bill as active or still awaiting another formal step.

Sponsor: Luddy, Hadley
Last action: 2026-03-30
Official status: Accompanied a study order, see H5312 (under House Rule 27)
Effective date: Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

An Act authorizing independent retirement systems to divest from fossil fuel companies

An Act authorizing independent retirement systems to divest from fossil fuel companies By Representative Luddy of Orleans and Senator Fernandes, a joint petition (accompanied by bill, House, No.

What This Bill Does

An Act authorizing independent retirement systems to divest from fossil fuel companies By Representative Luddy of Orleans and Senator Fernandes, a joint petition (accompanied by bill, House, No.
2904) of Hadley Luddy and Dylan A.
Fernandes relative to authorizing independent retirement systems to divest from fossil fuel companies.
Public Service.

Limits and Unknowns

This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

2026-03-30 House
Accompanied a study order, see H5312 (under House Rule 27)
2025-07-07 Joint
Hearing scheduled for 07/16/2025 from 01:00 PM-05:00 PM in A-2
2025-02-27 House
Referred to the committee on Public Service
2025-02-27 Senate
Senate concurred
House
Reported by committee to Clerk’s Office for processing, will accompany a study order

Official Summary Text

An Act authorizing independent retirement systems to divest from fossil fuel companies
By Representative Luddy of Orleans and Senator Fernandes, a joint petition (accompanied by bill, House, No. 2904) of Hadley Luddy and Dylan A. Fernandes relative to authorizing independent retirement systems to divest from fossil fuel companies. Public Service.

Current Bill Text

Read the full stored bill text

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Bill H.2904

SECTION 1. For the purposes of this section, an “independent retirement system” shall mean any Massachusetts public pension system under the oversight, monitoring, and regulation of the public employee retirement administration commission; and a “fossil fuel company” shall mean a company identified by a Global Industry Classification Standard code in one of the following sectors: (1) coal and consumable fuels; (2) integrated oil and gas; or (3) oil and gas exploration and production.

Notwithstanding any general or special law to the contrary, any independent retirement system may, in accordance with the procurement process under section 23B of chapter 32 of the General Laws, divest in whole or in part from any investment in fossil fuel companies. In accordance with this section, the board of an independent retirement system may, after following the procurement process under said section 23B of said chapter 32, invest in index funds or other investment vehicles that may not include fossil fuel companies.

SECTION 2. This act shall take effect upon its passage.

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