Maryland House Bill 740 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Passed on April 9 2022 - 100% progression
Action: 2022-04-09 - Enacted under Article II, Section 17(b) of the Maryland Constitution - Chapter 24
Text: Latest bill text (Chaptered) [PDF]

Requiring a fiduciary of the State Retirement and Pension System to consider certain climate risks on the System's assets; requiring a climate risk assessment to include a certain review of the System's investment portfolio to determine the level of climate risk across certain sectors and asset classes, identification of investment opportunities in certain energy sectors, a process for regular reassessment of certain impact of climate risk, and utilization of the best data and practices for climate risk analyses; etc.

State Retirement and Pension System - Investment Climate Risk - Fiduciary Duties

Del. Brooke Lierman [D]

House Pensions Committee

2022-03-31 - Senate - Third Reading Passed (Y: 33 N: 14 NV: 0 Abs: 0) [PASS]
2022-03-11 - House - Third Reading Passed (Y: 94 N: 41 NV: 1 Abs: 5) [PASS]
2022-03-09 - House - Floor Amendment 323124/1 (Delegate Chisholm) Rejected (Y: 47 N: 82 NV: 6 Abs: 6) [FAIL]

Date	Chamber	Action
2022-04-09	House	Enacted under Article II, Section 17(b) of the Maryland Constitution - Chapter 24
2022-03-31	House	Returned Passed
2022-03-31	Senate	Third Reading Passed (33-14)
2022-03-30	Senate	Second Reading Passed
2022-03-30	Senate	Favorable Adopted
2022-03-30	Senate	Favorable Report by Budget and Taxation
2022-03-14	Senate	Referred Budget and Taxation
2022-03-11	House	Third Reading Passed (94-41)
2022-03-09	House	Second Reading Passed
2022-03-09	House	Floor Amendment {323124/1 (Delegate Chisholm) Rejected (47-82)
2022-03-08	House	Motion Special Order until 3/9 (Delegate Chisholm) Adopted
2022-03-08	House	Motion Reconsider Second Reading (Delegate Chisholm) Adopted
2022-03-08	House	Second Reading Passed
2022-03-08	House	Favorable Adopted
2022-03-07	House	Favorable Report by Appropriations
2022-02-03	House	Hearing 2/22 at 1:00 p.m.
2022-02-03	House	First Reading Appropriations

SB566 (Crossfiled) 2022-04-09 - Enacted under Article II, Section 17(b) of the Maryland Constitution - Chapter 25

Chapter	Article	Section	Citation Type	Statute Text
State Personnel and Pensions	21	116	(n/a)	See Bill Text
State Personnel and Pensions	21	116.1	(n/a)	See Bill Text

Type	Source
Summary	https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0740?ys=2022RS
Text	https://mgaleg.maryland.gov/2022RS/bills/hb/hb0740f.pdf
Text	https://mgaleg.maryland.gov/2022RS/bills/hb/hb0740t.pdf
Text	https://mgaleg.maryland.gov/2022RS/Chapters_noln/CH_24_hb0740t.pdf
Amendment	https://mgaleg.maryland.gov/2022RS/amds/bil_0000/hb0740_32312401.pdf
Supplement	https://mgaleg.maryland.gov/2022RS/votes_comm/hb0740_app.pdf
Roll Call	https://mgaleg.maryland.gov/2022RS/votes/House/0192.pdf
Roll Call	https://mgaleg.maryland.gov/2022RS/votes/House/0289.pdf
Roll Call	https://mgaleg.maryland.gov/2022RS/votes/Senate/0844.pdf