Alabama abortion law prompts Comptroller to review potential Maryland spending with the state

Posted at 3:47 PM, May 17, 2019
and last updated 2019-05-17 19:00:30-04

ANNAPOLIS, Md. — Maryland Comptroller Peter Franchot is reacting to the new abortion laws recently passed in Alabama.

Franchot wants to make sure Alabama gets the message that he nor Maryland tax money should support Alabama in light of the aggressive abortion laws recently passed.

Franchot has ordered anyone in his office to not do any official business with or arrange any travel to Alabama. He said he is looking into any contract the state may have with Alabama.

“When that data and those facts are prepared, I would like to have the board of trusties look at it and see if there is any responsible or fiduciary decisions we can make to divest Maryland from any Alabama investments,” said Franchot.

Franchot said he has just started looking into any Alabama business dealings and has not found any, but he said with more than $52 billion in the Maryland pension fund, he thinks he will find something.