Require disclosure of slavery-era insurance profits and pension fund divestment

Labor & City WorkersGovernance

In Plain English

The city wants financial and insurance companies to reveal if they profited from slavery-era policies. Companies that refuse disclosure or still benefit from slavery investments would be banned from city pension funds. This affects where the city invests employee retirement money and which companies can do business with Richmond.

Auto-generated summary. Source: official agenda documents.

Votes

To give said ordinance first reading and lay it over one week for second reading

Moved by: Councilmember ViramontesSeconded by: Councilmember Penn
Passed

8 to 0

McLaughlinAye
BatesAye
ButtAye
Jim RogersAye
PennAye
ViramontesAye
MarquezAye
GriffinAye