CT SB01092

Fiduciaries of public funds would be required to consider only financial factors when making investment decisions, prohibiting environmental, social, and governance (ESG) considerations in state and local pensions, state contracts, and publicly funded post-secondary education

State contracts and public investments would be prohibited with companies that intentionally discriminate against certain companies or industries

Banks and financial institutions would be banned from using social credit scoring systems

State investment boards and government agencies would be required to provide full disclosure and transparency regarding their policies, investments, and decision-making considerations

Attorneys general would be empowered to investigate ESG institutions and demand accountability for their use of retirement plans, pension funds, and investments, with strengthened ethics codes for financial advisors who fail to disclose politically motivated investing