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AK HB6

Bill

Status

Introduced

1/22/2025

Primary Sponsor

Kevin McCabe

Click for details

Origin

House of Representatives

34th Legislature

AI Summary

  • Prohibits fiduciaries of state funds, the Alaska Retirement Management Board, and the Alaska Permanent Fund Corporation Board from making investment decisions to further social, political, or ideological interests

  • Bars investment actions related to eliminating, reducing, offsetting, or disclosing greenhouse gas emissions

  • Prohibits divesting from or limiting investments in companies based on environmental standards, disclosures, or failure to meet environmental commitments

  • Restricts investment decisions based on corporate board composition, employee compensation, or disclosure criteria tied to social, political, or ideological characteristics

  • Forbids divesting from companies involved in firearms manufacturing, distribution, sale, or use, as well as investment decisions related to abortion or transgender medical services

Legislative Description

State Fund Fiduc Duty:social/pol Interest

Public Finance

Last Action

COSPONSOR(S): VANCE

3/26/2025

Committee Referrals

Judiciary1/22/2025

Full Bill Text

No bill text available