PRINTER'S NO. 2794
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE RESOLUTION
No.
175
Session of
2022
INTRODUCED BY BIZZARRO, MATZIE, SNYDER, MADDEN, DRISCOLL,
ISAACSON, SCHLOSSBERG, KENYATTA, A. DAVIS, STURLA, SANCHEZ,
FREEMAN, DeLUCA, McNEILL, BURGOS, BURNS, PISCIOTTANO, OTTEN,
D. WILLIAMS, SAMUELSON, WELBY, MULLINS, HARRIS, INNAMORATO,
MARSHALL, SCHWEYER, McCLINTON, STEPHENS, T. DAVIS,
KOSIEROWSKI, KRUEGER, KINKEAD, HANBIDGE AND JONES,
MARCH 8, 2022
REFERRED TO COMMITTEE ON STATE GOVERNMENT, MARCH 8, 2022
A RESOLUTION
Urging the Pennsylvania School Employees Retirement System,
State Employees Retirement System and the Pennsylvania
Treasury to immediately divest any and all holdings in
Russian held, backed or managed companies, real estate and
equity investments and to sever ties with any brokerage firm,
bank or investment company held, backed or managed by Russia
or its citizens.
WHEREAS, Russia has attacked its neighbor, the sovereign
nation of Ukraine in an act of unprovoked imperialism; and
WHEREAS, The United States and its allies have enacted a
series of economic sanctions designed to inflict economic cost
on Russia; and
WHEREAS, These sanctions must be strictly enforced to curtail
Russia's appetite for further violence; and
WHEREAS, Pennsylvania must assist our allies in exacting this
economic cost; and
WHEREAS, Pennsylvania taxpayer dollars may be invested in
Russian held, backed, or managed companies, real estate and
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
equity investments; and
WHEREAS, Pennsylvania may do business with Russian held,
backed or managed firms, banks or investment companies;
therefore be it
RESOLVED, That the House of Representatives hereby encourage
the Pennsylvania School Employees Retirement System, State
Employees Retirement System, and the Pennsylvania Treasury to
immediately divest of any and all holdings in Russian held,
backed, or managed companies, real estate, and equity
investments; and be it further
RESOLVED, That the House of Representatives encourage the
Pennsylvania School Employees Retirement System, State Employees
Retirement System and the Pennsylvania Treasury to sever ties
with any brokerage firm, bank or investment company held,
backed, or managed by Russia or its citizens.
20220HR0175PN2794 - 2 -
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15