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Alaska2026Passed Legislature

HB6

Alaska Bill Restricting Social and Political Goals in State Fund Investments

Last scannedSep 14, 2026, 12:32 AM

In one sentence

This bill stops state fund managers from making investment choices based on social, political, or ideological goals.

What it does

  • Requires fiduciaries of state funds to avoid actions meant to further social, political, or ideological interests.
  • Defines specific examples of prohibited actions, such as limiting investments in companies that do not meet environmental standards.
  • Prohibits investment decisions based on a company's stance on abortion, sex change surgery, or transgender surgery.
  • Bans divesting from or limiting investments in companies involved with the sale or use of firearms for ideological reasons.
  • Allows these restrictions to be overridden only if federal or state laws require different actions.

Who it affects

  • Fiduciaries managing any Alaska state fund
  • The Alaska Retirement Management Board
  • The Alaska Permanent Fund Corporation Board

Limits and unknowns

  • The bill does not take effect until an official effective date is set.
  • It only applies if the action has evidence of being committed to specific social or political goals, excluding actions required by other laws.

Plain language

Terms to know

fiduciary
A person or group legally responsible for managing money and making investment decisions for others.
divesting
Selling off investments in a company to stop supporting it financially.

Official record

Sources

Validated
Official bill pageIntroduced textCurrent bill text

Official summary

STATE FUND FIDUC DUTY:SOCIAL/POL INTEREST An Act restricting fiduciary actions by a fiduciary of a state fund, the Alaska Retirement Management Board, and the Alaska Permanent Fund Corporation Board that have the purpose of furthering social, political, or ideological interests.

Official activity

Bill history

  1. (H) <Bill Hearing Canceled> -- MEETING CANCELED --Text
  2. (H) JUDICIARY at 01:00 PM GRUENBERG 120Text
  3. (H) COSPONSOR(S): VANCE549
  4. (H) Minutes (HJUD)Min
  5. (H) Heard & HeldText
  6. (H) JUDICIARY at 01:00 PM GRUENBERG 120Text
  7. (H) REFERRED TO JUDICIARY32
  8. (H) JUD, FIN32
  9. (H) READ THE FIRST TIME - REFERRALS32
  10. (H) PREFILE RELEASED 1/10/2532