Dear Peter Franchot:
The May 17 Frederick News-Post article states that as Maryland’s comptroller, you are urging the state’s pension system to divest itself from Alabama-based companies due to that state’s strictest-in-the-nation abortion ban. Further, as vice chairman of Maryland’s State Retirement and Pension System, you are asking the system to undertake a review of all relationships the system has with businesses in Alabama.
Please keep in mind that you are the comptroller for the state of Maryland, its chief financial officer. Continue to carry out the duties of this office using the financial skills and knowledge that you demonstrated in order to be elected. Do not, however, make decisions about the investment of our money based on how a particular entity or the state in which an entity operates votes on the question of abortion. While you are certainly entitled to your opinion on the abortion question, that opinion should play no part in how and where you invest the money entrusted to you as comptroller.