SB 268 IN Became Law
Prohibited pension system investments.
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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)
- Chris Garten Republican · author
- Travis Holdman Republican · author
- Aaron Freeman Republican · author
- Chris Judy Republican · sponsor
18 coauthors / cosponsors
- Andy Zay · coauthor
- Scott Baldwin Republican · coauthor
- Brian Buchanan Republican · coauthor
- Linda Rogers Republican · coauthor
- Justin Busch Republican · coauthor
- John Crane · coauthor
- Greg Walker Republican · coauthor
- Blake Doriot Republican · coauthor
- Chip Perfect · coauthor
- Eric Koch Republican · coauthor
- Mike Gaskill Republican · coauthor
- Lonnie Randolph Democratic · coauthor
- Jeff Raatz Republican · coauthor
- James Tomes Republican · coauthor
- Chris Jeter Republican · cosponsor
- Martin Carbaugh Republican · cosponsor
- Heath VanNatter Republican · cosponsor
- Mark Messmer · coauthor
Action history (35)
- Jan 11, 2023 Authored by Senator Garten · upper
- Jan 11, 2023 First reading: referred to Committee on Pensions and Labor · upper
- Jan 23, 2023 Senator Zay added as coauthor · upper
- Jan 24, 2023 Senator Holdman added as second author · upper
- Jan 24, 2023 Senator Freeman added as third author · upper
- Jan 24, 2023 Senators Baldwin and Buchanan added as coauthors · upper
- Jan 26, 2023 Committee report: amend do pass, adopted · upper
- Jan 26, 2023 Pursuant to Senate Rule 68(b); reassigned to Committee on Appropriations · upper
- Jan 26, 2023 Senator Rogers added as coauthor · upper
- Jan 30, 2023 Senator Busch added as coauthor · upper
- Jan 30, 2023 Senators Crane, Walker G, Doriot, Perfect added as coauthors · upper
- Feb 16, 2023 Senators Koch and Gaskill added as coauthors · upper
- Feb 23, 2023 Committee report: amend do pass, adopted · upper
- Feb 23, 2023 Senator Messmer added as coauthor · upper
- Feb 23, 2023 Senator Randolph added as coauthor · upper
- Feb 27, 2023 Amendment #1 (Garten) prevailed; voice vote · upper
- Feb 27, 2023 Second reading: amended, ordered engrossed · upper
- Feb 28, 2023 Third reading: passed; Roll Call 189: yeas 49, nays 0 · upper
- Feb 28, 2023 House sponsor: Representative Judy · upper
- Feb 28, 2023 Cosponsors: Representatives Jeter C, Carbaugh, VanNatter · upper
- Feb 28, 2023 Senator Raatz added as coauthor · upper
- Feb 28, 2023 Senator Tomes added as coauthor · upper
- Mar 1, 2023 Referred to the House · upper
- Mar 6, 2023 First reading: referred to Committee on Employment, Labor and Pensions · lower
- Apr 6, 2023 Committee report: do pass, adopted · lower
- Apr 6, 2023 Referred to the Committee on Ways and Means pursuant to House Rule 127 · lower
- Apr 11, 2023 Committee report: do pass, adopted · lower
- Apr 13, 2023 Second reading: ordered engrossed · lower
- Apr 17, 2023 Third reading: passed; Roll Call 429: yeas 96, nays 0 · lower
- Apr 18, 2023 Signed by the President Pro Tempore · upper
- Apr 18, 2023 Returned to the Senate without amendments · lower
- Apr 21, 2023 Signed by the Speaker · lower
- Apr 26, 2023 Signed by the President of the Senate · upper
- May 1, 2023 Signed by the Governor · executive
- May 1, 2023 Public Law 104 · upper
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.
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