AR HB1845

Transfers authority for determining financial services provider inclusion on ESG-related lists from the Treasurer of State (at Attorney General direction) to an ESG Oversight Committee.

Permits the ESG Oversight Committee to rely on three specific information sources: provider certifications regarding non-discrimination, publicly available statements from provider leadership, and information published by state or federal government entities.

Prohibits the ESG Oversight Committee from basing determinations solely on statements or complaints from energy, fossil fuel, firearms, or ammunition companies, or on media reports of boycotts.

Exempts investments locked into maturity dates from divestment requirements if early divestment would result in financial penalties and negative financial impact to the state, protecting the Treasurer's fiduciary duty.