Introduced
by
To mandate that up to 25 percent of government pension fund money be used to buy shares in businesses that are at least 50 percent owned, controlled, and managed by “minorities,” defined as a person who is black, female, Hispanic, Eskimo, oriental, or an American Indian who is “not less than 1/4 quantum American Indian blood as certified by the person's tribal association.” The bill would also allow up to 25 percent of government pension funds to be placed in “private equity” (shares of stocks not listed on public exchanges).
Referred to the Committee on Senior Health, Security, and Retirement
