Mississippi Senate Bill 2849 (Prior Session Legislation)

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Completed Legislative Action
Sponsorship: Partisan Bill (Republican 1)
Status: Failed on February 9 2023 - 100% progression
Action: 2023-02-09 - Died On Calendar
Text: Latest bill text (Introduced) [HTML]

An Act To Clarify The Fiduciary Duty And Investment Policies Of The Public Employees' Retirement System; To Ensure That Fiduciaries Responsible For Investing Public Retirement Monies Do So Only In A Manner Prioritizing The Safety Of And Highest Return On Investment For Beneficiaries, Without Consideration Of Environmental, Social And Governance (esg) Factors Or Other Nonpecuniary Beliefs Or Political Factors; To Amend Sections 25-11-3 And 25-11-15, Mississippi Code Of 1972, To Conform; And For Related Purposes.

PERS; clarify fiduciary duty to invest for highest return and not based on environmental, social and governance (ESG) factors.

Sen. Chad Mcmahan [R]

Date	Chamber	Action
2023-02-09	Senate	Died On Calendar
2023-01-31	Senate	Title Suff Do Pass
2023-01-16	Senate	Referred To Finance

Chapter	Article	Section	Citation Type	Statute Text
25	11	15	Amended Code	See Bill Text
25	11	3	Amended Code	See Bill Text

Type	Source
Summary	https://billstatus.ls.state.ms.us/2023/pdf/history/SB/SB2849.xml
Text	https://billstatus.ls.state.ms.us/documents/2023/html/SB/2800-2899/SB2849IN.htm