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HB 474 KY
Introduced

AN ACT relating to consumer protection in financial transactions.

KY · session 2024RS · Assembly / House · bill

A state bill is a proposed law in a state legislature — separate from the U.S. Congress. Learn more →

Introduced Feb 6, 2024

Latest action (Feb 6, 2024) to Committee on Committees (H)

Summary

Create a new section of KRS Chapter 292 to define terms; require broker-dealers, agents, investment advisers, and investment adviser representatives to disclose, and obtain the written consent of the customer and client for, the incorporation of a socially responsible criteria or other nonfinancial objective into discretionary investment decisions to buy or sell a security or commodity, recommendations or solicitations for the purchase or sale of a security or commodity, and the selection or recommendation, or advice regarding the selection, of a third-party manager or subadviser; establish requirements for the disclosures and written consent.

Sponsor (1)

Action history (2)
  1. Feb 6, 2024 introduced in House · lower
  2. Feb 6, 2024 to Committee on Committees (H) · lower
Subjects
Banks and Financial InstitutionsCommercePublic ProtectionSecurities

Text versions (1)

The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.

  • Introduced · PDF

Full text

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Data from OpenStates. View on OpenStates →