Mississippi House Bill 416

---

Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on March 5 2024 - 100% progression
Action: 2024-03-05 - Died In Committee
Text: Latest bill text (Introduced) [HTML]

An Act To Create The Proxy Voting Integrity And Transparency Act; To Define The Terms "pecuniary Factor", "plan" And "governmental Entity"; To Provide That A Governmental Entity That Establishes Or Maintains A Plan Must Make All Direct Investment Decisions Based Solely On Pecuniary Factors When Evaluating A Proxy Vote; To Provide That All Proxy Votes Shall Be Posted On The Relevant Public Plan Website And Shall Be Aggregated And Reported Annually To The Applicable Government Entity Or Official To Be Publicly Archived; To Provide That A Beneficiary Of A Plan May Bring An Action In District Court To Restrain Or Enjoin An Investment Manager Or Proxy Advisor From Casting A Proxy Vote Based On Nonpecuniary Factors; To Provide That All Meetings Of Public Trust Fiduciaries, Including Public Retirement System Fiduciaries, Shall Be Open To The Public; To Require The Governing Body Of A Public Trust, Including A Public Retirement System, To Submit A Report To The Office Of The State Treasurer; To Bring Forward Sections 7-7-9, 7-9-9, 17-21-53, 17-21-55, 19-9-29, 21-27-57, 21-41-43, 21-33-323, 25-58-3, 27-105-21, 27-105-33, 27-105-301, 27-105-365, 27-105-367, 29-3-113, 31-19-5, 37-59-37, 37-59-43, 51-29-91, 51-31-17, 51-35-340, 57-61-37, 65-19-47, 65-33-57, 83-43-23, 91-13-8, 25-11-121 And 25-11-407, Mississippi Code Of 1972, Which Relate To The State Fiscal Officer, Powers And Duties Of The State Treasurer, Investing Surplus Funds Of Counties And Municipalities, Use Of Public Utilities And Transportation Revenues, Special Improvement Bond Fund, Investment Authority Of Municipalities, Surplus Of Funds Of The Geographic Information System, State Depositories Interest On Funds And Investment Of Excess Funds, Deposit Of Funds By Levee Districts, Hospital Funds, Local Governments' Authority To Transfer Funds To Other Funds, Sixteenth Section And Lieu Lands Investment Of Funds, Permitted Investments Of Public Business, Bonds And Obligations, Surplus Funds Invested Of School Bonds And Obligations, Drainage Districts, Mississippi Business Investment Act, Surplus Funds Of Separate Road Districts, Investments Of Nonprofit Dental Service Corporations, Registered Investment Companies Or Trusts, Social Security And Public Employees' Retirement And Disability Benefits Investment Of Excess Funds, Powers And Duties Of The Board Of Trustees Of The Public Employees' Retirement System Regarding Investments, And Designation Of Certain Investment Companies, For Purposes Of Possible Amendment; And For Related Purposes.

Proxy Voting Integrity and Transparency Act; create.

Rep. Lee Yancey [R]

Date	Chamber	Action
2024-03-05	House	Died In Committee
2024-01-22	House	Referred To Business and Commerce

Chapter	Article	Section	Citation Type	Statute Text
17	21	53	New Code	See Bill Text
17	21	55	New Code	See Bill Text
19	9	29	New Code	See Bill Text
21	27	57	New Code	See Bill Text
21	33	323	New Code	See Bill Text
21	41	43	New Code	See Bill Text
25	11	121	New Code	See Bill Text
25	11	407	New Code	See Bill Text
25	58	3	New Code	See Bill Text
27	105	21	New Code	See Bill Text
27	105	301	New Code	See Bill Text
27	105	33	New Code	See Bill Text
27	105	365	New Code	See Bill Text
27	105	367	New Code	See Bill Text
29	3	113	New Code	See Bill Text
31	19	5	New Code	See Bill Text
37	59	37	New Code	See Bill Text
37	59	43	New Code	See Bill Text
51	29	91	New Code	See Bill Text
51	31	17	New Code	See Bill Text
51	35	340	New Code	See Bill Text
57	61	37	New Code	See Bill Text
65	19	47	New Code	See Bill Text
65	33	57	New Code	See Bill Text
7	7	9	New Code	See Bill Text
7	9	9	New Code	See Bill Text
83	43	23	New Code	See Bill Text
91	13	8	New Code	See Bill Text

Type	Source
Summary	https://billstatus.ls.state.ms.us/2024/pdf/history/HB/HB0416.xml
Text	https://billstatus.ls.state.ms.us/documents/2024/html/HB/0400-0499/HB0416IN.htm