New Jersey S470 prohibits state pension and annuity funds from investing in companies involved in data privacy infringement for immigration status.
New Jersey S470 mandates the State Investment Council and the Director of the Division of Investment to contract with an independent research firm specializing in data privacy and security. They must identify companies engaged in prohibited activities, such as government contracts or business operations involving the collection or manipulation of personal data for determining immigration status without proper legal authorization. The council and director must divest from these companies within two years of the bill's effective date.
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- Critical Issues
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