A Resolution directing the City Pension Funds to review and act on investments in El Salvador, ensuring transparency, accountability and fiscal responsibility in light of recent developments.

A Resolution directing the City Pension Funds to review and act on investments in El Salvador, ensuring transparency, accountability and fiscal responsibility in light of recent developments. WHEREAS, Investments in nations where there is NOT respect for the Rule of Law is inherently riskier, and may jeopardize the financial stability and fiduciary duty of our public pension funds; and WHEREAS, The Supreme Court of the United States, in a 9-0 ruling, has ordered the Trump administration to facilitate the return to the United States of Kilmar Armando Abrego Garcia, a Maryland man who was mistakenly taken to El Salvador and remains in custody there, siding with a District Court judge who had previously ordered that Abrego Garcia be brought back to the United States; and WHEREAS, In an official visit with the current Presidential Administration, when asked if he would return Kilmar Abrego Garcia, the President of El Salvador, Nayib Bukele , said that it would be "preposterous" to suggest he would return him to the United States, despite our Supreme Court ruling; and WHEREAS, Such a statement from the President of El Salvador undermines the integrity of international legal norms and raises serious concerns about the rule of law in that nation, as well as potential risks to investments in businesses operating within the country's borders; and WHEREAS, Maryland Senator Chris Van Hollen and other Congressional members were initially turned away when attempting to visit a detention f…