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SB 268 IN
Became Law

Prohibited pension system investments.

IN · session 2023 · Senate · bill

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

Introduced Jan 11, 2023

Latest action (May 1, 2023) Public Law 104

Summary

Prohibits the Indiana public retirement system from investing in certain restricted entities or restricted investment products, including particular investments publicly confirmed to be controlled by the People's Republic of China or the Chinese Communist Party. Specifies exceptions, a divestment schedule, and reporting requirements. Adds a provision urging the legislative council to assign to the interim study committee on pension management oversight the topic of studying whether to cease or defer divestment or resume investment in an entity or product in accordance with the provisions regarding divestment from Chinese companies.

Sponsors (4)

18 coauthors / cosponsors

Action history (35)

  1. Jan 11, 2023 Authored by Senator Garten · upper
  2. Jan 11, 2023 First reading: referred to Committee on Pensions and Labor · upper
  3. Jan 23, 2023 Senator Zay added as coauthor · upper
  4. Jan 24, 2023 Senator Holdman added as second author · upper
  5. Jan 24, 2023 Senator Freeman added as third author · upper
  6. Jan 24, 2023 Senators Baldwin and Buchanan added as coauthors · upper
  7. Jan 26, 2023 Committee report: amend do pass, adopted · upper
  8. Jan 26, 2023 Pursuant to Senate Rule 68(b); reassigned to Committee on Appropriations · upper
  9. Jan 26, 2023 Senator Rogers added as coauthor · upper
  10. Jan 30, 2023 Senator Busch added as coauthor · upper
  11. Jan 30, 2023 Senators Crane, Walker G, Doriot, Perfect added as coauthors · upper
  12. Feb 16, 2023 Senators Koch and Gaskill added as coauthors · upper
  13. Feb 23, 2023 Committee report: amend do pass, adopted · upper
  14. Feb 23, 2023 Senator Messmer added as coauthor · upper
  15. Feb 23, 2023 Senator Randolph added as coauthor · upper
  16. Feb 27, 2023 Amendment #1 (Garten) prevailed; voice vote · upper
  17. Feb 27, 2023 Second reading: amended, ordered engrossed · upper
  18. Feb 28, 2023 Third reading: passed; Roll Call 189: yeas 49, nays 0 · upper
  19. Feb 28, 2023 House sponsor: Representative Judy · upper
  20. Feb 28, 2023 Cosponsors: Representatives Jeter C, Carbaugh, VanNatter · upper
  21. Feb 28, 2023 Senator Raatz added as coauthor · upper
  22. Feb 28, 2023 Senator Tomes added as coauthor · upper
  23. Mar 1, 2023 Referred to the House · upper
  24. Mar 6, 2023 First reading: referred to Committee on Employment, Labor and Pensions · lower
  25. Apr 6, 2023 Committee report: do pass, adopted · lower
  26. Apr 6, 2023 Referred to the Committee on Ways and Means pursuant to House Rule 127 · lower
  27. Apr 11, 2023 Committee report: do pass, adopted · lower
  28. Apr 13, 2023 Second reading: ordered engrossed · lower
  29. Apr 17, 2023 Third reading: passed; Roll Call 429: yeas 96, nays 0 · lower
  30. Apr 18, 2023 Signed by the President Pro Tempore · upper
  31. Apr 18, 2023 Returned to the Senate without amendments · lower
  32. Apr 21, 2023 Signed by the Speaker · lower
  33. Apr 26, 2023 Signed by the President of the Senate · upper
  34. May 1, 2023 Signed by the Governor · executive
  35. May 1, 2023 Public Law 104 · upper
Subjects
INDIANA PUBLIC RETIREMENT SYSTEM (formerly PERF)PENSIONSTRUSTS AND FIDUCIARIES

Text versions (7)

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.

  • Enrolled Senate Bill (S) · Apr 18, 2023 · PDF
  • Introduced Senate Bill (S) · Jan 11, 2023 · PDF
  • Senate Bill (S) · Jan 26, 2023 · PDF
  • Senate Bill (S) · Feb 23, 2023 · PDF
  • Engrossed Senate Bill (S) · Feb 27, 2023 · PDF
  • Senate Bill (H) · Apr 6, 2023 · PDF
  • Senate Bill (H) · Apr 11, 2023 · PDF

Full text

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