HARRISBURG – The Pennsylvania House State Government Committee Tuesday passed legislation sponsored by House Majority Leader Kerry Benninghoff (R-Centre/Mifflin) that would divest the Commonwealth from Russian and Belarusian financial assets and prohibit future investment of Commonwealth funds in financial assets of those countries.
“The advancement of this legislation reflects the broad bipartisan support here in Pennsylvania, not just for the people of Ukraine, but for taking serious steps to ensure the Commonwealth’s financial resources do not further Russia’s war effort or global ambitions,” Benninghoff said.
“As the Russian and Belarusian governments continue their unprovoked military assault on the people and government of Ukraine, Pennsylvania is continuing to join with the rest of the free world in taking steps that substantively marginalize Vladimir Putin as well as his domestic and geopolitical allies.”
The legislation, House Bill 2447, passed the committee unanimously. It now heads to the full House for consideration.
You can view remarks Rep. Benninghoff gave during the committee vote here: https://s3.us-east-2.amazonaws.com/pagopvideo/773365072.mp4
