Indiana Senate Bill 372 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 19 2023 - 25% progression, died in chamber
Action: 2023-02-06 - Withdrawn
Text: Latest bill text (Introduced) [PDF]

Fiduciary duties of pension system administrators. 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.

Fiduciary duties of pension system administrators.

Sen. Eric Koch [R]

Date	Chamber	Action
2023-02-06	Senate	Withdrawn
2023-01-19	Senate	First reading: referred to Committee on Pensions and Labor
2023-01-19	Senate	Authored by Senator Koch

Type	Source
Summary	https://iga.in.gov/legislative/2023/bills/senate/372/details
Text	https://iga.in.gov/legislative/2023/bills/senate/372/#1.INTR