Christie takes action on gun bill, vetoes proposed ban on certain pension investments

TRENTON – Gov. Chris Christie vetoed a piece of the Legislature’s gun violence package Friday that would bar the state from investing in certain companies that manufacture and sell assault weapons.

The governor announced he vetoed A3668, which would prohibit state pension and annuity funds from being invested in companies that manufacture or sell assault firearms for civilian use. The veto was one of eight proposals Christie scrapped following the signing of the Fiscal Year 2014 budget earlier today.

Christie said in his veto message for all of the eight bills that they “were proposals that would deplete the state’s fiscal resources, restructure government in a significant manner and significantly alter the policy and spending priorities set forth in the” negotiated budget.

Christie takes action on gun bill, vetoes proposed ban on certain pension investments