Virginia Senate Bill 1437 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 13-0)
Status: Introduced on January 11 2023 - 25% progression, died in chamber
Action: 2023-01-25 - Passed by indefinitely in Finance and Appropriations (16-Y 0-N)
Text: Latest bill text (Introduced) [HTML]

Virginia Retirement System; investments; environmental, social, and governance investing restricted. Provides that unless the Board of Trustees of the Virginia Retirement System can demonstrate that a social investment, defined in the bill, would provide a superior rate of return compared to a similar investment that is not a social investment with a similar time horizon and risk, neither the Board nor any external fiduciary utilized by the Board may invest or make recommendations regarding state funds for the purpose of social investment on or after July 1, 2023.

Virginia Retirement System; investments, environmental, social, and governance investing restricted.

Sen. Ryan McDougle [R]	Sen. John Cosgrove [R]	Sen. Bill DeSteph [R]	Sen. Siobhan Dunnavant [R]
Sen. Travis Hackworth [R]	Sen. Thomas Norment [R]	Sen. Mark Obenshain [R]	Sen. Mark Peake [R]
Sen. Todd Pillion [R]	Sen. Frank Ruff [R]	Sen. William Stanley [R]	Sen. Richard Stuart [R]
Sen. David Suetterlein [R]

2023-01-25 - Senate - Senate: Passed by indefinitely in Finance and Appropriations (16-Y 0-N) (Y: 16 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2023-01-25	Senate	Passed by indefinitely in Finance and Appropriations (16-Y 0-N)
2023-01-11	Senate	Referred to Committee on Finance and Appropriations
2023-01-11	Senate	Presented and ordered printed 23103201D

Chapter	Article	Section	Citation Type	Statute Text
51	1	124.30	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?231+sum+SB1437
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?231+ful+SB1437+hil
Supplement	https://lis.virginia.gov/cgi-bin/legp604.exe?231+oth+SB1437F158+PDF
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+S05V0096+SB1437