New Hampshire HB 1024: prohibiting investments by the New Hampshire retirement system in businesses owned by a sitting president or their family.

Bill Text

HB 1024 - AS INTRODUCED

2026 SESSION

 26-2375

 06/05

HOUSE BILL 1024

AN ACT prohibiting investments by the New Hampshire retirement system in businesses owned by a sitting president or their family.

SPONSORS: Rep. Caplan, Merr. 8; Rep. Muns, Rock. 29; Rep. Newell, Ches. 4; Rep. H. Howard, Straf. 4

COMMITTEE: Executive Departments and Administration

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ANALYSIS

 This bill prohibits investments by the New Hampshire retirement system in businesses owned by a sitting president or their family.

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Explanation: Matter added to current law appears in bold italics.

 Matter removed from current law appears [in brackets and struckthrough.]

 Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

 26-2375

 06/05

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Twenty-Six

AN ACT prohibiting investments by the New Hampshire retirement system in businesses owned by a sitting president or their immediate family.

Be it Enacted by the Senate and House of Representatives in General Court convened:

 1 Management of Funds. Amend RSA 100-A:15, I-a(b)(4) to read as follows:

 (4) May invest in any kind of property or type of investment consistent with this section, provided these are not instruments, businesses, or any type of deposit owned by a sitting president of the United States or their family, or in which an instrument, business, or type of deposit owned by a sitting president or their family make up a share thereof.

 2 Effective Date. This act shall take effect 60 days after its passage.