Vetoed by Governor Chris Christie

Vote Smart's Synopsis:

Vote to pass a bill that requires external managers of state pension funds to disclose any contributions made to political committees.

Highlights:

• Requires the State Investment Council to compile a quarterly report regarding state pension funds controlled by external managers, which must include the following information (Sec. 1):

• The returns of investments; and

• The rate and fees charged by each external manager for the investment in commodities, hedge funds, private equity, real estate, bonds, or any other asset class.

• Requires the report to be made publicly available through the state’s official website (Sec. 1).

• Requires these regulations to apply equally to all contributions, regardless of whether they’re made to state committees, federal committees or non-state political committees (Sec. 1).

Full Bill Text

Vote Smart's Synopsis:

Vote to pass a bill that requires external managers of state pension funds to disclose any contributions made to political committees.

Highlights:

• Requires the State Investment Council to compile a quarterly report regarding state pension funds controlled by external managers, which must include the following information (Sec. 1):

• The returns of investments; and

• The rate and fees charged by each external manager for the investment in commodities, hedge funds, private equity, real estate, bonds, or any other asset class.

• Requires the report to be made publicly available through the state’s official website (Sec. 1).

• Requires these regulations to apply equally to all contributions, regardless of whether they’re made to state committees, federal committees or non-state political committees (Sec. 1).

Full Bill Text