SC H3690 | 2023-2024 | 125th General Assembly
Status
Completed Legislative Action
Spectrum: Partisan Bill (Republican 54-0)
Status: Passed on February 9 2024 - 100% progression
Action: 2024-02-09 - Act No. 103
Text: Latest bill text (Comm Sub) [HTML]
Spectrum: Partisan Bill (Republican 54-0)
Status: Passed on February 9 2024 - 100% progression
Action: 2024-02-09 - Act No. 103
Text: Latest bill text (Comm Sub) [HTML]
Summary
Amend The South Carolina Code Of Laws By Enacting The "esg Pension Protection Act" By Amending Section 9-16-10, Relating To Retirement System Funds Definitions, So As To Add A Definition Of "pecuniary Factor"; By Amending Section 9-16-30, Relating To Delegation Of Functions By The Commission, So As To Provide That Proxy Voting Decisions Must Be Based On Pecuniary Factors; By Amending Section 9-16-50, Relating To Investment And Management Considerations By Trustees, So As To Provide That The Commission May Only Consider Pecuniary Factors In Making Certain Investment Decisions; By Amending Section 9-16-320, Relating To Annual Investment Plans, So As To Require Certain Meetings; By Amending Section 9-16-330, Relating To Statement Of Actuarial Assumptions And Investment Objectives, So As To Require Certain Certifications; And By Adding Section 9-16-110 So As To Provide That The Attorney General May Bring An Action To Enforce Certain Provisions. - Ratified Title
Title
ESG
Sponsors
Roll Calls
2024-01-17 - Senate - Senate: 3rd Reading (Y: 45 N: 0 NV: 0 Abs: 0) [PASS]
2024-01-16 - Senate - Senate: 2nd Reading (Y: 43 N: 0 NV: 3 Abs: 0) [PASS]
2023-04-05 - House - House: Passage Of Bill (Y: 103 N: 5 NV: 4 Abs: 12) [PASS]
2024-01-16 - Senate - Senate: 2nd Reading (Y: 43 N: 0 NV: 3 Abs: 0) [PASS]
2023-04-05 - House - House: Passage Of Bill (Y: 103 N: 5 NV: 4 Abs: 12) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2024-02-09 | Act No. 103 | |
| 2024-02-09 | Effective date 02/05/24 | |
| 2024-02-05 | Signed By Governor | |
| 2024-01-30 | Ratified R 104 | |
| 2024-01-17 | Senate | Roll call Ayes-45 Nays-0 |
| 2024-01-17 | Senate | Read third time and enrolled |
| 2024-01-16 | Senate | Roll call Ayes-43 Nays-0 |
| 2024-01-16 | Senate | Read second time |
| 2024-01-11 | Senate | Special order, set for January 11. 2024 |
| 2023-05-08 | Scrivener's error corrected | |
| 2023-05-03 | Senate | Committee report: Favorable Finance |
| 2023-04-06 | Senate | Referred to Committee on Finance |
| 2023-04-06 | Senate | Introduced and read first time |
| 2023-04-06 | House | Read third time and sent to Senate |
| 2023-04-05 | House | Roll call Yeas-103 Nays-5 |
| 2023-04-05 | House | Read second time |
| 2023-04-05 | House | Amended |
| 2023-04-04 | House | Requests for debate-Rep |
| 2023-04-04 | House | Member(s) request name added as sponsor: Landing |
| 2023-04-03 | Scrivener's error corrected | |
| 2023-03-30 | House | Committee report: Favorable with amendment Labor, Commerce and Industry |
| 2023-03-29 | House | Member(s) request name added as sponsor: Blackwell, Caskey |
| 2023-03-28 | House | Member(s) request name added as sponsor: Leber, Pope |
| 2023-03-08 | House | Member(s) request name added as sponsor: B.Newton, Hewitt |
| 2023-01-19 | House | Member(s) request name added as sponsor: Kilmartin, M.M.Smith |
| 2023-01-18 | House | Member(s) request name added as sponsor: Robbins |
| 2023-01-12 | House | Referred to Committee on Labor, Commerce and Industry |
| 2023-01-12 | House | Introduced and read first time |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 9 | 16 | 10 | (n/a) | See Bill Text |
| 9 | 16 | 110 | (n/a) | See Bill Text |
| 9 | 16 | 30 | (n/a) | See Bill Text |
| 9 | 16 | 320 | (n/a) | See Bill Text |
| 9 | 16 | 330 | (n/a) | See Bill Text |
| 9 | 16 | 50 | (n/a) | See Bill Text |
