Prohibits investment by State of pension and annuity funds in companies manufacturing, importing, and selling assault firearms for civilian use.

This bill prohibits New Jersey's state pension and annuity funds (managed by the Division of Investment) from investing in companies that manufacture, import, or sell assault firearms for civilian use. It exempts companies producing such firearms exclusively for military or law enforcement use. Existing investments violating this rule must be divested within three years, with annual reports to the legislature on progress. The bill uses New Jersey's existing legal definition of "assault firearm" from N.J.S.2C:39-1.