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NY A04090

Bill

Official Source

Status

Introduced

2/9/2023

Primary Sponsor

Samuel Pirozzolo

Click for details

Origin

Assembly

2023-2024 General Assembly

AI Summary

  • Amends Section 177 of the Retirement and Social Security Law to add a new subdivision 11
  • Prohibits trustees of the state pension fund from using environmental, social, and governance (ESG) criteria as a screening method for selecting companies and investment funds
  • Takes effect immediately upon enactment
  • Introduced by M. of A. Pirozzolo on February 9, 2023 and referred to the Committee on Governmental Employees

Legislative Description

Prohibits the comptroller from using environment, social, and governance criteria as a screening method for selecting companies and funds to invest the state pension fund in.

Last Action

referred to governmental employees

1/3/2024

Committee Referrals

Governmental Employees2/9/2023

Full Bill Text

No bill text available