According to the Chicago Tribune, democratic lawmakers unveiled legislation on Tuesday that would prevent Illinois pension funds from investing in any companies that hold contracts to help build a wall along the Mexican border, as promised by President-elect Donald Trump.
Sponsoring Rep. Will Guzzardi, who represents a majority Latino district on Chicago’s Northwest Side, said the bill is designed to send a message that taxpayer funds should not “be used to help send a message of hate to immigrants in this country.”
“Walls aren’t terribly effective with keeping people out,” Guzzardi said. “What walls are, walls are symbols. And Donald Trump’s proposal to build a wall with our border is trying to send a message that the people on the other side of that wall are dangerous.”
Under the legislation, the Illinois Investment Policy Board would conduct a review every four months to ensure the state is not investing in companies that receive federal contracts to work on the border wall. Last year, lawmakers approved legislation that required the state pension systems to stop investments in companies that boycott Israel.
Critics argue the focus should be on beefing up the state’s investment returns, noting the state’s $130 billion unfunded pension liability. Guzzardi counters there are plenty of companies to invest in that will help the state’s bottom line. He plans to call the bill for a vote in the House next week, but faces a tough deadline to get it through the Senate before a new crop of lawmakers is sworn in Jan. 11.
Click here for full article
more recommended stories
Mexico holds its first presidential debate for July election
MEXICO CITY — According to the.
Yucatecan food caused a big sensation at Tianguis Turístico 2018
Cochinita pibil, one of the most.
Peña Nieto signed the declaration of Special Economic Zone of Campeche and Tabasco
On April 17, President Enrique Peña.
The Mulsay Zoo, long forgotten by the people and authorities of Mérida
Residents of western Mérida are sad.
Animal cruelty in the state of Puebla goes unpunished
In the last month, 15 stray.
Priest shot dead marks 2nd clerical murder this week in Mexico
Roman Catholic authorities in Mexico say.
Mexican presidential candidates face off in first debate with clear lead in polls for leftist AMLO
On Sunday April 22, the first debate.
Yucatán hosts regional technology node for greater innovation
Composed by 10 scientific-academic institutions from.
Leaders of the Americas adopt commitment to fight corruption
The 8th Summit of the Americas.
Spanish oil company Repsol enters the Mexican market
Seven gas stations in Baja California.