Amid intensifying questions about who funded the insurrection at the US Capitol, public officials have started pressuring corporations to more thoroughly disclose their spending on shadowy political groups. Now, two New York lawmakers are upping the ante — they are preparing to introduce legislation designed to block billions of dollars of public money from continuing to flow to companies and financial firms whose corporate treasuries and senior executives bankroll dark money groups.

The bill is being finalized by Democratic assemblymen Ron Kim and Zohran Mamdani and follows reporting by the Daily Poster finding that New York City and State pension funds have invested public employees’ retirement savings with financial firms whose executives have been big donors to super PACs supporting federal lawmakers who voted to overturn the 2020 presidential election results.

The new legislation could become a template for other states — through its massive city and state pension funds, New York oversees hundreds of billions of dollars of public investments and has the market power to help shape national standards in divestment practices.