VA SB1437 | 2023 | Regular Session

Status

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]

Summary

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.

Tracking Information

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Title

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

Sponsors


Roll Calls

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]

History

DateChamberAction
2023-01-25SenatePassed by indefinitely in Finance and Appropriations (16-Y 0-N)
2023-01-11SenateReferred to Committee on Finance and Appropriations
2023-01-11SenatePresented and ordered printed 23103201D

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
511124.30(n/a)See Bill Text

Virginia State Sources


Bill Comments

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