---
type: "Bill"
title: "Requires Director of Division of Investment to attempt to use qualified minority and women-owned financial institutions to provide brokerage and investment management services."
description: "Requires Director of Division of Investment to attempt to use qualified minority and women-owned financial institutions to provide brokerage and investment management services."
jurisdiction: "us/states/nj"
legislature: "New Jersey Legislature"
session: "218"
identifier: "S 374"
citation: "New Jersey S 374 (218)"
classification: ["bill"]
subjects: ["CORPORATIONS", "MINORITY", "WOMEN"]
status: "enacted"
primary_sponsors: ["Danielsen, Joe", "Downey, Joann", "Karabinchak, Robert J.", "McKeon, John F.", "Murphy, Carol A.", "Quijano, Annette", "Rice, Ronald L.", "Singleton, Troy"]
version_count: 1
action_count: 8
vote_count: 4
first_action: "2018-01-09T05:00:00+00:00"
last_action: "2019-01-31T05:00:00+00:00"
source: "openstates"
source_identifier: "ocd-bill/d10ac6dc-9ea9-4836-b51d-35e2b6cced69"
source_url: "http://www.njleg.state.nj.us/downloads.asp"
source_hash: "3b1417eeb37b5ad72e54952ca6212f51a68a5ae26a21bb1992d631d322fd8262"
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 374 (218) — Requires Director of Division of Investment to attempt to use qualified minority and women-owned financial institutions to provide brokerage and investment management services.

## 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/S0500/374_I1.HTM)

## Votes

- Reported favorably out of committee — **4–0** (pass) · upper
- Reported favorably out of committee — **13–0** (pass) · lower
- 3RDG FINAL PASSAGE — **73–4** (pass) · lower
- 3RDG FINAL PASSAGE — **34–0** (pass) · upper

## Sponsors

- Danielsen, Joe — primary (person)
- Downey, Joann — primary (person)
- Karabinchak, Robert J. — primary (person)
- McKeon, John F. — primary (person)
- Murphy, Carol A. — primary (person)
- Quijano, Annette — primary (person)
- Rice, Ronald L. — primary (person)
- Singleton, Troy — primary (person)
- Conaway, Herb — cosponsor (person)
- Freiman, Roy — cosponsor (person)
- Johnson, Gordon M. — cosponsor (person)
- Lopez, Yvonne — cosponsor (person)
- McKnight, Angela V. — cosponsor (person)
- Pinkin, Nancy J. — cosponsor (person)
- Ruiz, M. Teresa — cosponsor (person)
- Schaer, Gary S. — cosponsor (person)
- Turner, Shirley K. — cosponsor (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, 2nd Reading `committee-passage`
- **2018-03-26T04:00:00+00:00** Passed Senate (34-0) `passage`
- **2018-04-05T04:00:00+00:00** Received in the Assembly, Referred to Assembly Financial Institutions and Insurance Committee `referral-committee`
- **2018-09-13T04:00:00+00:00** Reported out of Assembly Committee, 2nd Reading `committee-passage`
- **2018-12-17T05:00:00+00:00** Substituted for A4415
- **2018-12-17T05:00:00+00:00** Passed Assembly (Passed Both Houses) (73-4-0) `passage`
- **2019-01-31T05:00:00+00:00** Approved P.L.2019, c.2. `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/d10ac6dc-9ea9-4836-b51d-35e2b6cced69`. Confidence: reported (aggregated from official New Jersey legislature records).