KY HB474 | 2024 | Regular Session

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 6 2024 - 25% progression, died in committee
Action: 2024-02-06 - to Committee on Committees (H)
Pending: House Committee On Committees Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Create a new section of KRS Chapter 292 to define terms; require broker-dealers, agents, investment advisers, and investment adviser representatives to disclose, and obtain the written consent of the customer and client for, the incorporation of a socially responsible criteria or other nonfinancial objective into discretionary investment decisions to buy or sell a security or commodity, recommendations or solicitations for the purchase or sale of a security or commodity, and the selection or recommendation, or advice regarding the selection, of a third-party manager or subadviser; establish requirements for the disclosures and written consent.

Tracking Information

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Title

AN ACT relating to consumer protection in financial transactions.

Sponsors


History

DateChamberAction
2024-02-06Houseto Committee on Committees (H)
2024-02-06Houseintroduced in House

Subjects


Kentucky State Sources


Bill Comments

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