Indiana Senate Bill 292 (Prior Session Legislation)

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Spectrum: Moderate Partisan Bill (Republican 5-1)
Status: Engrossed on February 21 2023 - 50% progression, died in committee
Action: 2023-02-28 - First reading: referred to Committee on Financial Institutions
Pending: House Financial Institutions Committee
Text: Latest bill text (Engrossed) [PDF]

INPRS investments. Requires the board of trustees of the Indiana public retirement system (board) to make investment decisions with the primary purpose of maximizing the target rate of return on the board's investments. Prohibits the board from making an investment decision with the purpose of influencing any social or environmental policy or attempting to influence the governance of any corporation for nonpecuniary purposes. Specifies an exception. Requires the board to adopt a policy that ensures proxy voting and engagement is based primarily on maximizing the target rate of return on the board's investments. Provides certain guidelines and reporting requirements for proxy voting in relation to the administration of the public pension and retirement funds of the system.

INPRS investments.

Sen. Travis Holdman [R]	Sen. Linda Rogers [R]	Sen. Eric Koch [R]	Sen. Jeff Raatz [R]
Sen. Lonnie Randolph [D]	Rep. Ethan Manning [R]

2023-02-20 - Senate - Senate - Third reading (Y: 40 N: 7 NV: 0 Abs: 3) [PASS]
2023-02-16 - Senate - Senate - Amendment #1 (Pol) failed (Y: 9 N: 39 NV: 1 Abs: 1) [FAIL]

Date	Chamber	Action
2023-02-28	House	First reading: referred to Committee on Financial Institutions
2023-02-21	Senate	Referred to the House
2023-02-20	Senate	House sponsor: Representative Manning
2023-02-20	Senate	Third reading: passed; Roll Call 131: yeas 40, nays 7
2023-02-16	Senate	Second reading: amended, ordered engrossed
2023-02-16	Senate	Amendment #1 (Pol) failed; Roll Call 122: yeas 9, nays 39
2023-02-16	Senate	Amendment #3 (Hunley) failed; voice vote
2023-02-16	Senate	Amendment #5 (Holdman) prevailed; voice vote
2023-02-09	Senate	Senator Randolph added as coauthor
2023-01-31	Senate	Senator Raatz added as coauthor
2023-01-30	Senate	Senator Koch added as third author
2023-01-26	Senate	Committee report: amend do pass, adopted
2023-01-12	Senate	Senator Rogers added as second author
2023-01-11	Senate	First reading: referred to Committee on Pensions and Labor
2023-01-11	Senate	Authored by Senator Holdman

Type	Source
Summary	https://iga.in.gov/legislative/2023/bills/senate/292/details
Text	https://iga.in.gov/legislative/2023/bills/senate/292/#1.INTR
Text	https://iga.in.gov/legislative/2023/bills/senate/292/#2.COMS
Text	https://iga.in.gov/legislative/2023/bills/senate/292/#3.ENGS
Roll Call	https://iga.in.gov/legislative/2023/bills/senate/292/#S122
Roll Call	https://iga.in.gov/legislative/2023/bills/senate/292/#S131