The New Jersey General Assembly on Tuesday approved a bill by a 70-0 vote that would prevent the New Jersey Pension Fund, Trenton, from investing in any company "owned or controlled by the government of Russia or Belarus, or an instrumentality of the government of Russia or Belarus, or is engaged in business in or with either of those governments or its instrumentalities," according to the bill text.
The state Senate approved the bill by a 39-0 vote on March 3. The legislation now goes to Gov. Phil Murphy.
As of Feb. 28, the $93.8 billion New Jersey Pension Fund had $50 million in Russian-related investments, Danielle Currie, a state Treasury Department spokeswoman, wrote in an email.