HARRISBURG – The Pennsylvania House of Representatives Monday 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.
“Simply put: Divesting Commonwealth investments from Russian and Belarusian financial assets is the right thing to do,” Benninghoff said. “As the Russian and Belarusian governments continue their unprovoked military atrocity and human rights catastrophe against the people and the government of Ukraine, Pennsylvania is speaking with one voice against this ongoing crisis and is joining with the rest of the free world in taking steps that substantively marginalize Vladimir Putin and his domestic and geopolitical allies.”
The legislation, House Bill 2447, passed the House unanimously. It now heads to the Senate for consideration.
You can view remarks Benninghoff gave in the House chamber about the legislation here: https://s3.us-east-2.amazonaws.com/pagopvideo/528268269.mp4
