TRENTON – Senator Richard J. Codey today announced plans to introduce legislation requiring the state to disinvest from any companies that manufacture or sell assault-style weapons such as the firearm used in the tragic Connecticut school shooting. The bill would also ban investment in these companies going forward.
“Regardless of where you stand on gun control, there is widespread agreement that military-style weapons have no place in our society. No civilian should own a firearm with the ability to spray high-velocity bullets because, in reality, there is no reasonable purpose to have this kind of weapon,” said Senator Codey (D-Essex/Morris). “While the gun control problem calls for changes in our laws at the federal level, the state cannot be complicit by investing in companies that manufacture or sell military-style weapons to the general public. Our first step should be to disinvest from any companies that we may have in our portfolio that produce or sell these guns but also to ban investments going forward. Sometimes the economic boycotting of companies can have a real impact on these kinds of problems.”