# New Jersey S198: Prohibits investment by State of pension and annuity funds in, and requires divestment from, 200 largest publicly traded fossil fuel companies.

New Jersey S198, Prohibits investment by State of pension and annuity funds in, and requires divestment from, 200 largest publicly traded fossil fuel companies., is a 220th Legislature (2024-2025) Senate bill sponsored by Raj Mukherji (Democratic), Bob Smith (Democratic); status failed, last action 2024-03-04 (Referred to Senate Budget and Appropriations Committee) (as of 2026-10-17).

- Canonical: https://policyrisk.com/state-bill/NJ-S198-2024-2025
- As of: 2026-10-17
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: New Jersey S198
- State: New Jersey
- Session: 220th Legislature (2024-2025)
- Title: Prohibits investment by State of pension and annuity funds in, and requires divestment from, 200 largest publicly traded fossil fuel companies.
- Status: failed
- Chamber: Senate
- Introduced: 2024-01-09
- Last action: 2024-03-04, Referred to Senate Budget and Appropriations Committee
- Sponsors: Raj Mukherji (Democratic), Bob Smith (Democratic)
- Cosponsors: 10
- Touches household money: no
- Economic provisions PRIA read: 0

## Summary

No summary available.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Raj Mukherji (Democratic), Senate
- Sponsor: Bob Smith (Democratic), Senate
- Cosponsor: Renee C. Burgess (Democratic), Senate
- Cosponsor: Joseph P. Cryan (Democratic), Senate
- Cosponsor: Patrick J. Diegnan Jr. (Democratic), Senate
- Cosponsor: Vin Gopal (Democratic), Senate
- Cosponsor: Gordon M. Johnson (Democratic), Senate
- Cosponsor: M. Teresa Ruiz (Democratic), Senate
- Cosponsor: Brian P. Stack (Democratic), Senate
- Cosponsor: Shirley K. Turner (Democratic), Senate
- Cosponsor: Joseph F. Vitale (Democratic), Senate
- Cosponsor: Andrew Zwicker (Democratic), Senate

## Actions (4)

- 2024-03-04: Referred to Senate Budget and Appropriations Committee (Senate)
- 2024-03-04: Reported, 2nd Reading in Senate (Senate)
- 2024-02-05: TRANS Senate Environment and Energy Committee (Senate)
- 2024-01-09: Introduced, 1st Reading in Senate, Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee (Senate)

## Bill text

- 9/23/24; as introduced, 2024-09-23: [HTML](https://pub.njleg.state.nj.us/Bills/2024/S0500/198_E1.HTM), [PDF](https://pub.njleg.state.nj.us/Bills/2024/S0500/198_E1.PDF)
- Senate Environment and Energy (3/4/24 TR), 2024-05-07: [HTML](https://pub.njleg.state.nj.us/Bills/2024/S0500/198_T1.HTM), [PDF](https://pub.njleg.state.nj.us/Bills/2024/S0500/198_T1.PDF)
- Senate Environment and Energy Substitute (3/4/24), 2024-03-05: [HTML](https://pub.njleg.state.nj.us/Bills/2024/S0500/198_S1.HTM), [PDF](https://pub.njleg.state.nj.us/Bills/2024/S0500/198_S1.PDF)
- As Introduced, 2023-11-30: [HTML](https://pub.njleg.state.nj.us/Bills/2024/S0500/198_I1.HTM), [PDF](https://pub.njleg.state.nj.us/Bills/2024/S0500/198_I1.PDF)

## Related bills

- S4928: Requires payment of prevailing wage for certain data center construction. (signed)
- S4925: Expands provisions of P.L.2022, c.9 under certain circumstances. (signed)
- S4847: Makes various changes to membership on Cannabis Regulatory Commission and to legalized medical and personal use cannabis marketplace. (signed)
- S4858: Establishes "New Jersey Veterans and Military Spouses Asset Protection Act." (signed)
- S4678: Includes retired teachers and county college faculty members in science, technology, engineering, and mathematics teacher grant program.* (signed)
- S4812: Requires DCA to resume Reconstruction, Rehabilitation, Elevation and Mitigation program with remaining funds for unmet recovery and rebuilding needs for Supers… (signed)

## Sources
- [9/23/24; as introduced (HTML)](https://pub.njleg.state.nj.us/Bills/2024/S0500/198_E1.HTM)
- [9/23/24; as introduced (PDF)](https://pub.njleg.state.nj.us/Bills/2024/S0500/198_E1.PDF)
- [Senate Environment and Energy (3/4/24 TR) (HTML)](https://pub.njleg.state.nj.us/Bills/2024/S0500/198_T1.HTM)
- [Senate Environment and Energy (3/4/24 TR) (PDF)](https://pub.njleg.state.nj.us/Bills/2024/S0500/198_T1.PDF)
- [Senate Environment and Energy Substitute (3/4/24) (HTML)](https://pub.njleg.state.nj.us/Bills/2024/S0500/198_S1.HTM)
- [Senate Environment and Energy Substitute (3/4/24) (PDF)](https://pub.njleg.state.nj.us/Bills/2024/S0500/198_S1.PDF)
- [As Introduced (HTML)](https://pub.njleg.state.nj.us/Bills/2024/S0500/198_I1.HTM)
- [As Introduced (PDF)](https://pub.njleg.state.nj.us/Bills/2024/S0500/198_I1.PDF)

## Related
- [S4928: Requires payment of prevailing wage for certain data center construction.](https://policyrisk.com/state-bill/NJ-S4928-2024-2025)
- [S4925: Expands provisions of P.L.2022, c.9 under certain circumstances.](https://policyrisk.com/state-bill/NJ-S4925-2024-2025)
- [S4847: Makes various changes to membership on Cannabis Regulatory Commission and to le…](https://policyrisk.com/state-bill/NJ-S4847-2024-2025)
- [S4858: Establishes "New Jersey Veterans and Military Spouses Asset Protection Act."](https://policyrisk.com/state-bill/NJ-S4858-2024-2025)
- [S4678: Includes retired teachers and county college faculty members in science, techno…](https://policyrisk.com/state-bill/NJ-S4678-2024-2025)
- [S4812: Requires DCA to resume Reconstruction, Rehabilitation, Elevation and Mitigation…](https://policyrisk.com/state-bill/NJ-S4812-2024-2025)
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Source: PRIA, https://policyrisk.com/state-bill/NJ-S198-2024-2025 (as of 2026-10-17).