NY A04827 | 2023-2024 | General Assembly

Status

Spectrum: Partisan Bill (Republican 10-0)
Status: Introduced on February 23 2023 - 25% progression
Action: 2024-01-03 - referred to governmental employees
Pending: Assembly Governmental Employees Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Enacts the "cobalt and lithium mining and production divestment act" to prevent monies or assets of the common retirement fund from being invested in the stocks, securities or other obligations of any institution or company engaging in cobalt and lithium mining or production for the manufacture of batteries used in large-scale battery storage power stations and the primary propulsion systems for electric vehicles, if such company cannot establish through approved independent monitoring that their mining operation does not use child labor and that adult miners and other workers are employed under conditions that meet accepted criteria.

Tracking Information

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Title

Enacts the "cobalt and lithium mining and production divestment act" to prevent monies or assets of the common retirement fund from being invested in the stocks, securities or other obligations of any institution or company engaging in cobalt and lithium mining or production for the manufacture of batteries used in large-scale battery storage power stations and the primary propulsion systems for electric vehicles, if such company cannot establish through approved independent monitoring that their mining operation does not use child labor and that adult miners and other workers are employed under conditions that meet accepted criteria.

Sponsors


Roll Calls

2023-05-09 - Assembly - Assembly Governmental Employees Committee: Held for Consideration (Y: 9 N: 4 NV: 0 Abs: 1) [PASS]

History

DateChamberAction
2024-01-03Assemblyreferred to governmental employees
2023-05-09Assemblyheld for consideration in governmental employees
2023-02-23Assemblyreferred to governmental employees

New York State Sources


Bill Comments

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