HB 457 (2023)
Require report on ESG funds
This bill became law.
Prohibits the state treasurer and the retirement system from conducting business with any financial institution or proxies which prioritize social, political, or ideological interests above or in concert with the traditional fiduciary duty to maximize financial benefit. This bill is most likely targeted at businesses that consider Environmental, Social and Governance (ESG) factors.
The House rewrote the bill to require the state treasurer and the retirement system to report on the motivations of funds, especially those that have environmental social, political, or ideological interests.
The data you see here is pulled daily from official government databases. The bill summary is created by Citizens Count staff. Learn more about our methodology for summarizing and updating bills.
