Summary of Bill S 4882

Bill Overview

Bill Number: S 4882

Title: Prohibits investment by State of pension and annuity funds in companies engaging in government contracts or business operations infringing on data privacy of individuals for purpose of determining immigration status.

Introduced: November 14, 2025

Classification: Bill

Subject: Pensions, State Government

Purpose and Intent

The primary purpose of Bill S 4882 is to safeguard the privacy of individuals by restricting state pension and annuity funds from investing in companies that engage in practices deemed to infringe upon data privacy, specifically in relation to determining immigration status. The bill aims to ensure that state investments do not support businesses that may compromise individual rights and privacy.

Key Provisions

• Investment Restrictions: The bill prohibits the State of [Insert State Name] from investing pension and annuity funds in companies that:

  • Have government contracts or business operations that infringe on the data privacy of individuals.
  • Utilize personal data to determine immigration status.

• Definition of Infringement: The bill outlines what constitutes an infringement on data privacy, emphasizing practices that may involve unauthorized data collection, sharing, or usage that could affect individuals' immigration status.

• Implementation Timeline: The bill mandates that the state pension funds review their current investment portfolios to ensure compliance with the new restrictions within a specified timeframe (to be determined upon passage).

Affected Parties

• State Pension and Annuity Funds: The bill directly impacts how these funds manage their investments, potentially leading to a reevaluation of current holdings.

• Companies Engaged in Relevant Business Operations: Businesses that provide services or products to the government related to immigration status determination may find themselves excluded from state investment opportunities.

• Individuals: The bill aims to protect the privacy rights of individuals, particularly those who may be affected by immigration status determinations.

Related Legislation

• A 6001: This bill serves as a companion to S 4882, likely addressing similar issues or providing additional context regarding the investment restrictions.

Conclusion

Bill S 4882 represents a significant step towards protecting individual data privacy in the context of state investments. By prohibiting investments in companies that infringe on privacy rights related to immigration status, the bill seeks to align state financial practices with broader ethical considerations regarding personal data protection. The implications of this legislation could reshape investment strategies for state pension funds and influence the operations of companies involved in immigration-related services.