Prohibits investment of certain public funds with the Trump organization and directs the comptroller to divest such investments.
This bill amends the retirement and social security law to prohibit the investment of certain public funds with the Trump organization or any of its subsidiaries. It directs the comptroller to take appropriate action to sell, redeem, divest, or withdraw any investment held in violation of this prohibition. The divestment must be completed within three years of the effective date of this section. The comptroller must report to the legislature on all investments held in violation of this section within sixty days of the effective date and annually thereafter.
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