Bill
Bill > A00207
NY A00207
NY A00207Prohibits the comptroller from using environment, social, and governance criteria as a screening method for selecting companies and funds to invest the state pension fund in.
summary
Introduced
01/08/2025
01/08/2025
In Committee
01/08/2025
01/08/2025
Crossed Over
Passed
Dead
Introduced Session
2025-2026 General Assembly
Bill Summary
AN ACT to amend the retirement and social security law, in relation to prohibiting the comptroller from using environment, social, and governance criteria when investing the state pension fund
AI Summary
This bill prohibits the trustees of the state pension fund from using Environmental, Social, and Governance (ESG) criteria when selecting companies and funds for investment. ESG is a set of standards that investors use to evaluate a company's environmental impact, social responsibility, and governance practices. Specifically, the bill amends Section 177 of the retirement and social security law by adding a new subdivision that explicitly bars pension fund trustees from using ESG factors as a screening method when making investment decisions. The legislation aims to ensure that investment choices are based solely on financial performance and potential returns, rather than broader social or environmental considerations. The bill would take effect immediately upon becoming law, preventing the comptroller from considering ESG criteria in pension fund investments.
Committee Categories
Labor and Employment
Sponsors (19)
Alec Brook-Krasny (R)*,
Sam Pirozzolo (R)*,
Joe Angelino (R),
Karl Brabenec (R),
Ari Brown (R),
Lester Chang (R),
Joe DeStefano (R),
Michael Durso (R),
Mike Fitzpatrick (R),
Chris Friend (R),
Jeff Gallahan (R),
Jodi Giglio (R),
John Lemondes (R),
Brian Maher (R),
Brian Miller (R),
Misha Novakhov (R),
Mike Reilly (R),
Matt Simpson (R),
Robert Smullen (R),
Last Action
referred to governmental employees (on 01/08/2025)
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.nysenate.gov/legislation/bills/2025/A207 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A00207&term=2025&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A00207 |
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