| HB4381: A bill to amend the Public Employee Retirement System Investment Act |
Introduced
but failed to pass in the 2023 legislative session
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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.” |
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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."
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