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Title	Key Dates	Nature of Action	ESG Category	Summary
HB4381: A bill to amend the Public Employee Retirement System Investment Act	Introduced in 2023, carried over to 2024	Legislation	Restrict Use of ESG Factors; Focus on Pecuniary Characteristics	■ Similar legislation as SB1192. This bill amends the Public Employee Retirement System Investment Act to require fiduciaries to consider only “pecuniary factors” when evaluating an investment. Pecuniary factors do not include an effect that “ furthers nonpecuniary, noneconomic, or nonfinancial social, political, or ideological objectives.”

Title	Key Dates	Nature of Action	ESG Category	Summary
SB1192: Public Employee Retirement System Investment Act	Introduced, but did not pass in 2022 legislative session	Legislation	Restrict Use of ESG Factors; Focus on Pecuniary Characteristics	■ Amends the Public Employee Retirement System Investment Act to require fiduciaries to consider only "pecuniary factors" when evaluating an investment. Pecuniary factors do not include an effect that "primarily furthers nonpecuniary, noneconomic, or nonfinancial social, political, or ideological objectives."

Michigan

Pending Legislation

Past/Inactive Legislation

Contacts