Stop ESG-State Funds Fiduciary Duty Act
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Public statements
Last checked Aug 5, 3:48 AM
R · H07
Why they voted this way
The lawmaker supports the bill because it codifies existing rules that have successfully generated high returns, ensuring these investment standards remain in place regardless of future elections.
R · H47
Why they voted this way
The lawmaker opposes codifying current investment rules into statute because it would remove the flexibility needed to adapt policies quickly as industry conditions change.
R · H54
Why they voted this way
The lawmaker opposes moving investment policy from executive action to statute, arguing that it belongs with the entities managing investments and could create conflicts between statutes and necessary policy adjustments.
If a lawmaker is not listed, we couldn't find a published reason.
Wyoming roll calls
2 roll calls
Official activity
Changes
8 stored
The amendment removes existing language about proxy voting requirements for investment managers and adds a new clause requiring contracts between investment entities and fiduciaries to include a statement that the fiduciary agrees to follow specific requirements when investing state funds.
The amendment removes specific sections of the bill that were previously added by other amendments.
The amendment removes the phrase 'but not limited to' from a specific line in the bill.
The amendment removes a specific section from the bill, which originally aimed to set requirements for managing state funds.
The amendment adds the word 'material' to a specific line in the bill, changing how certain requirements are described.
The amendment removes specific requirements for hiring and retaining investment managers, trustees, and fiduciaries who invest state funds that were previously added by the House standing committee.
The amendment removes an existing provision and adds an exception for state employees when specifying requirements for investment managers who handle state funds.
The amendment removes certain sections of the bill and adds definitions for 'non-pecuniary financial factors' and 'pecuniary financial factors', while also changing some wording to specify that only pecuniary factors should be considered in fiduciary decisions.