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]
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.
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
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 |