New Jersey S733 mandates a review of state pension and annuity fund assets to assess investments in foreign companies linked to foreign adversaries.

New Jersey S733 requires the State Division of Investment to review pension and annuity fund assets to determine the extent of investments in foreign companies with ties to foreign adversaries. The bill defines "foreign adversary" as any foreign government or non-government entity determined by the U.S. Secretary of Commerce to have engaged in conduct significantly adverse to U.S. national security. The review excludes companies providing humanitarian aid through non-governmental organizations.

New Jersey S733 mandates a review of state pension and annuity fund assets to assess investments in foreign companies linked to foreign adversaries.

New Jersey S733 requires the State Division of Investment to review pension and annuity fund assets to determine the extent of investments in foreign companies with ties to foreign adversaries. The bill defines "foreign adversary" as any foreign government or non-government entity determined by the U.S. Secretary of Commerce to have engaged in conduct significantly adverse to U.S. national security. The review excludes companies providing humanitarian aid through non-governmental organizations.