summary
Introduced
01/24/2023
01/24/2023
In Committee
02/22/2023
02/22/2023
Crossed Over
02/07/2023
02/07/2023
Passed
Dead
02/27/2023
02/27/2023
Introduced Session
Potential new amendment
2023 General Session
Bill Summary
AN ACT relating to the administration of government; specifying requirements for the hiring and retention of investment managers, trustees and fiduciaries who invest state funds as specified; specifying proxy voting requirements for investment managers, trustees and fiduciaries who invest state funds; providing definitions; making conforming amendments; specifying applicability; and providing for an effective date.
AI Summary
This bill specifies requirements for the hiring and retention of investment managers, trustees, and fiduciaries who invest state funds. It requires these individuals to consider only financial factors when making investment decisions, prohibiting them from considering social, political, or ideological factors. The bill also imposes proxy voting requirements and allows the investment entity to terminate or not renew the contract of any fiduciary violating these provisions. The bill makes conforming amendments to existing laws and specifies that it applies to permanent funds, the retirement account, and any other funds invested by the state.
Committee Categories
Budget and Finance
Sponsors (17)
Bo Biteman (R)*,
Anthony Bouchard (R)*,
Ogden Driskill (R)*,
Tim French (R)*,
Jeremy Haroldson (R)*,
Larry Hicks (R)*,
Lynn Hutchings (R)*,
Bob Ide (R)*,
Mark Jennings (R)*,
Dan Laursen (R)*,
Troy McKeown (R)*,
Pepper Ottman (R)*,
Ken Pendergraft (R)*,
Tim Salazar (R)*,
Daniel Singh (R)*,
Reuben Tarver (R)*,
Jeanette Ward (R)*,
Last Action
COW:H Did not consider for COW (on 02/27/2023)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.wyoleg.gov/Legislation/2023/SF0172 |
| House Appropriations Committee | https://wyoleg.gov/2023/Amends/SF0172HS001.pdf |
| BillText | https://www.wyoleg.gov/2023/Engross/SF0172.pdf |
| Senator Biteman | https://wyoleg.gov/2023/Amends/SF0172S3001.pdf |
| Senator Scott | https://wyoleg.gov/2023/Amends/SF0172S2001.pdf |
| BillText | https://www.wyoleg.gov/2023/Introduced/SF0172.pdf |
| Fiscal Note | https://www.wyoleg.gov/2023/Fiscal/SF0172.pdf |
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