Emanuel wants review of city pension funds for gun investments
BY LYNN SWEET Washington bureau chief January 14, 2013 9:09AM
Updated: January 14, 2013 9:10AM
WASHINGTON--Mayor Rahm Emanuel said Monday he will ask the city pension funds to divest from any gun-related holdings, speaking at a Center for American Progress panel on proposals to curb gun violence.
Emanuel also said that any gun measures in Congress should start in the Democratic-controlled Senate and be focused on criminal access in order to increase leverage in the GOP-run House.
Emanuel is asking City of Chicago Comptroller Amer Ahmad to scrub the portfolios of the five pension and retirement funds covering city workers to determine if they have any kind of holdings--direct, debt or other type of financing--related to gun manufacturers. And if they do, Emanuel wants the funds to drop the holdings.
"Everyone knows this will be a tough slog to get done," Emanuel said.