SB 372 IN

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Provides that a fiduciary, in making and supervising investments of a reserve fund of the public pension system, shall discharge the fiduciary's duties solely in the financial interest of the participants and beneficiaries of the public pension system. Establishes certain requirements for fiduciaries, proxy advisors, service providers, and proxy voting. Requires a governmental entity to, at least annually, tabulate and report all proxy votes made in relation to the administration of a fund of the public pension system. Provides that the attorney general shall enforce these provisions. Imposes a civil penalty if a company serving as a fiduciary in regards to a fund of the public pension system violates these provisions.

• Eric Koch Republican · author

1. Jan 19, 2023 Authored by Senator Koch · upper
2. Jan 19, 2023 First reading: referred to Committee on Pensions and Labor · upper
3. Feb 6, 2023 Withdrawn · upper

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 Senate Bill (S) · Jan 18, 2023 · PDF