---
type: "Bill"
title: "Forbids members of the State Investment Council from voting on transactions concerning investment with which a member has certain financial or familial conflicts and requires removal for violations thereof."
description: "Forbids members of the State Investment Council from voting on transactions concerning investment with which a member has certain financial or familial conflicts and requires removal for violations thereof."
jurisdiction: "us/states/nj"
legislature: "New Jersey Legislature"
session: "218"
identifier: "S 396"
citation: "New Jersey S 396 (218)"
classification: ["bill"]
subjects: ["ETHICS", "STATE OFFICE"]
status: "enacted"
primary_sponsors: ["Armato, John", "Corrado, Kristin M.", "Freiman, Roy", "Mazzeo, Vincent", "Pennacchio, Joseph"]
version_count: 2
action_count: 8
vote_count: 4
first_action: "2018-01-09T05:00:00+00:00"
last_action: "2018-07-03T04:00:00+00:00"
source: "openstates"
source_identifier: "ocd-bill/77c1025d-2543-4418-900c-609fbd6fa245"
source_url: "http://www.njleg.state.nj.us/downloads.asp"
source_hash: "b5867d1953b81a1e98787d150029ef7845a31c8e722277a4d0fe4ce8deb2974d"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-nj"]
---

# New Jersey S 396 (218) — Forbids members of the State Investment Council from voting on transactions concerning investment with which a member has certain financial or familial conflicts and requires removal for violations thereof.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Introduced Version** (committee substitute) — [source](http://www.njleg.state.nj.us/2018/Bills/S0500/396_I2.HTM)
2. **Reprint** (committee substitute) — [source](http://www.njleg.state.nj.us/2018/Bills/S0500/396_R1.HTM)

## Votes

- 3RDG FINAL PASSAGE — **37–0** (pass) · upper
- Reported favorably out of committee — **5–0** (pass) · lower
- Reported favorably out of committee — **5–0** (pass) · upper
- 3RDG FINAL PASSAGE — **74–0** (pass) · lower

## Sponsors

- Armato, John — primary (person)
- Corrado, Kristin M. — primary (person)
- Freiman, Roy — primary (person)
- Mazzeo, Vincent — primary (person)
- Pennacchio, Joseph — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2018-01-09T05:00:00+00:00** Introduced in the Senate, Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee `introduction, referral-committee`
- **2018-02-26T05:00:00+00:00** Reported out of Senate Committee with Amendments, 2nd Reading `committee-passage`
- **2018-03-26T04:00:00+00:00** Passed Senate (37-0) `passage`
- **2018-04-05T04:00:00+00:00** Received in the Assembly, Referred to Assembly State and Local Government Committee `referral-committee`
- **2018-05-10T04:00:00+00:00** Reported out of Assembly Committee, 2nd Reading `committee-passage`
- **2018-05-24T04:00:00+00:00** Substituted for A3840
- **2018-05-24T04:00:00+00:00** Passed Assembly (Passed Both Houses) (74-0-0) `passage`
- **2018-07-03T04:00:00+00:00** Approved P.L.2018, c.57. `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/77c1025d-2543-4418-900c-609fbd6fa245`. Confidence: reported (aggregated from official New Jersey legislature records).