HB1024 Prohibiting investments by the New Hampshire retirement system in businesses owned by a sitting president or their family.
Prohibiting investments by the New Hampshire retirement system in businesses owned by a sitting president or their family.
Impact Score — How Does This Bill Affect You?
Overall Impact Score
Concerning
Scale: 1 (harmful) to 10 (beneficial)
Your Wallet
Financial impact is unclear—potential divestment costs or reduced returns could harm pension values, but current holdings of presidential businesses in the NH retirement system are not specified in the bill.
Your Community
No direct impact on local services, schools, or community infrastructure is identified in the bill text.
Your Freedom
The bill modestly constrains investment discretion to address potential conflicts of interest involving a sitting president, a governance principle some view as beneficial to public trust.
Status
Refer for Interim Study: Motion Adopted Voice Vote 02/19/2026 House Journal 5 P. 18
Sponsor
Tony Caplan (D)
The Short Version
This bill prohibits the New Hampshire retirement system from investing in businesses owned by a sitting U.S. president or their immediate family members. The practical impact depends on whether such investments currently exist in the state pension portfolio and whether divesting them would reduce investment returns or incur transaction costs.
Who's Behind This Bill?
Who Benefits
- ▲ NH retirement system beneficiaries if the restriction prevents conflicts of interest or investment losses related to presidential business holdings
Who Pays the Price
- ▼ NH retirement system if currently held presidential business investments must be divested at a loss or if excluded investments would have generated higher returns
- ▼ Potentially taxpayers if divestment costs reduce pension fund value
Bill statuses as of October 7, 2026. Check LegiScan or NH General Court for the latest.
This bill was auto-scored using AI analysis of the bill text and legislative data. Scores may be refined as we review more bills.