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Bill

HD 1565

An Act requiring public pension fund divestment from ammunition and firearms

194th Legislature (2025-2026) Introduced by Mindy Domb and 1 co-sponsor

Massachusetts pension funds must divest from firearm and ammunition manufacturers, restricting investment options to align retirement assets with gun control policy goals.

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Bill Summary · HD 1565

Legislative bill overview

HD 1565 would require Massachusetts public pension funds to divest from companies that manufacture ammunition and firearms. The bill mandates that state pension trustees sell holdings in weapons manufacturers and related suppliers, similar to existing divestment policies targeting other controversial industries.

Why is this important

Public pension funds control billions in assets and their investment decisions reflect state policy priorities while potentially influencing corporate behavior through capital withdrawal. This bill directly links state retirement security with gun control advocacy, raising questions about fiduciary duty, investment returns, and the appropriate role of public funds in social policy campaigns.

Potential points of contention

  • Fiduciary duty conflict: Pension trustees have a legal obligation to maximize returns for beneficiaries; restricting investment options may reduce available opportunities and potentially lower retirement security for public employees
  • Effectiveness debate: Critics argue divestment has minimal impact on firearm manufacturers' operations or policies, while supporters contend it sends important symbolic and economic signals
  • Scope and consistency: The bill targets specific industries; opponents question why firearms are singled out while other controversial products (alcohol, fossil fuels, etc.) remain permitted, and supporters argue gun violence justifies differentiated treatment

Compiled from official sources — confirm details with the bill’s official record.

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