New York A 6391: Adds employees of the office of children and family services to the list of public employees for which prevention of duties constitutes assault in the second degree

Bill Text

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A06391 Summary:

BILL NOA06391 

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SAME ASNo Same As

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SPONSORPalmesano

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COSPNSRAngelino, Bendett, Blankenbush, DeStefano, Gallahan, Jensen, McDonough, Tague

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MLTSPNSR

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Add §423-d, R & SS L

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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.

Go to top A06391 Actions:

BILL NOA06391 

&nbsp

03/04/2025referred to governmental employees

01/07/2026referred to governmental employees

Go to topA06391 Committee&nbspVotes:

Go to topA06391 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topA06391 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 6391

 2025-2026 Regular Sessions

 IN ASSEMBLY

 March 4, 2025
 ___________

 Introduced by M. of A. PALMESANO, ANGELINO, BENDETT, BLANKENBUSH, DeSTE-
 FANO, GALLAHAN, JENSEN, McDONOUGH, TAGUE -- read once and referred to
 the Committee on Governmental Employees

 AN ACT to amend the retirement and social security law, in relation to
 enacting the "cobalt and lithium mining and production divestment act"

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. Short title. This act shall be known and may be cited as
 2 the "cobalt and lithium mining and production divestment act".
 3 § 2. The retirement and social security law is amended by adding a new
 4 section 423-d to read as follows:
 5 § 423-d. Investment of certain public funds in companies involved in
 6 cobalt and lithium mining and production. 1. For the purposes of this
 7 section, "cobalt and lithium mining and production" shall mean explora-
 8 tion, extraction, drilling, production, refining, processing or distrib-
 9 ution activities related to cobalt and lithium, for the manufacture of
 10 batteries used in large-scale battery storage power stations and the
 11 primary propulsion systems for electric vehicles, including, but not
 12 limited to, cars, trucks and boats.
 13 2. (a) Notwithstanding any provision of law to the contrary, on or
 14 after the effective date of this section, no monies or assets of the
 15 common retirement fund shall be invested in the stocks, securities or
 16 other obligations of any institution or company engaging in cobalt and
 17 lithium mining or production for the manufacture of batteries used in
 18 large-scale battery storage power stations and the primary propulsion
 19 systems for electric vehicles, if such company cannot establish through
 20 approved independent monitoring that their mining operation does not use
 21 child labor and that adult miners and other workers are employed under
 22 conditions that meet accepted criteria under international standards
 23 such as the Conventions of the International Labor Organization.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD03335-01-5

 A. 6391 2

 1 (b) Notwithstanding any provision of law to the contrary, no assets of
 2 any pension or annuity fund under the jurisdiction of the comptroller
 3 shall be invested in any bank or financial institution which directly or
 4 through a subsidiary has outstanding loans to, or financial activities
 5 associated with, the mining or production of cobalt or lithium, and no
 6 such assets shall be invested in the stocks, securities or other obli-
 7 gations of any company which directly or through a subsidiary is engaged
 8 in business in or with cobalt or lithium mining and production, if such
 9 bank or financial institution cannot establish through approved inde-
 10 pendent monitoring that their mining operation does not use child labor
 11 and that adult miners and other workers are employed under co