HB 457 (2023)
Require report on ESG funds
Summary:
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.
Bill Became Law?:
Yes
Status:
Status Detail:
Signed by Governor
Public Hearing Date:
04/05/2023 09:30 am
Public Hearing Location:
SH Room 103
House Voting Date:
03/22/2023
Senate Voting Date:
05/11/2023
