TN HB1286 | 2023-2024 | 113th General Assembly

Status

Completed Legislative Action
Spectrum: Partisan Bill (Republican 15-0)
Status: Passed on May 24 2023 - 100% progression
Action: 2023-05-24 - Comp. became Pub. Ch. 471
Text: Latest bill text (Chaptered) [PDF]

Summary

As enacted, requires the department of treasury investment division staff to invest, reinvest, manage, and select investment options for program assets for financial reasons, excluding environmental, social, and governance interests that may not be material to the financial analysis of the investment, for the exclusive benefit of the beneficiaries of the programs while maximizing long-term shareholder value; makes other changes concerning the authority of the state treasurer. - Amends TCA Title 9, Chapter 4.

Tracking Information

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Title

AN ACT to amend Tennessee Code Annotated, Title 9, Chapter 4, relative to investments.

Sponsors


History

DateChamberAction
2023-05-24 Comp. became Pub. Ch. 471
2023-04-21HouseSponsor(s) Added.
2023-04-21HouseComp. SB subst.
2023-04-18HouseH. Placed on Regular Calendar for 4/20/2023
2023-04-18HousePlaced on cal. Calendar & Rules Committee for 4/18/2023
2023-04-18HouseRec. for pass. if am., ref. to Calendar & Rules Committee
2023-04-18HousePlaced on cal. Finance, Ways, and Means Committee for 4/18/2023
2023-04-18HouseRec. for pass by s/c ref. to Finance, Ways, and Means Committee
2023-04-12HousePlaced on s/c cal Finance, Ways, and Means Subcommittee for 4/18/2023
2023-03-15HousePlaced behind the budget
2023-03-15HouseSponsor(s) Added.
2023-03-08HousePlaced on s/c cal Finance, Ways, and Means Subcommittee for 3/15/2023
2023-03-08HouseAction Def. in s/c Finance, Ways, and Means Subcommittee to 3/15/2023
2023-03-07HouseSponsor(s) Added.
2023-03-01HousePlaced on s/c cal Finance, Ways, and Means Subcommittee for 3/8/2023
2023-02-07HouseAssigned to s/c Finance, Ways, and Means Subcommittee
2023-02-02HouseP2C, ref. to Finance, Ways, and Means Committee
2023-02-01HouseIntro., P1C.
2023-01-31HouseFiled for introduction

Same As/Similar To

SB0955 (Crossfiled) 2023-05-24 - Effective date(s) 05/17/2023

Subjects


Tennessee State Sources


Bill Comments

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