OR HB2571

Establishes the "Public Pension Protection Act" requiring fiduciaries of public pension plans to make investment decisions based solely on pecuniary (financial) factors and the financial interests of plan participants

Prohibits fiduciaries from considering environmental, social, political, or ideological goals when evaluating investments or voting shares, unless such factors present material economic risks or opportunities under generally accepted investment theories

Requires proxy advisory firms and external fiduciaries to commit in writing to follow pecuniary-only guidelines before public pension assets can be entrusted to them

Mandates that share voting authority for pension plan holdings be placed in the hands of a politically accountable official of the public body responsible for the plan

Grants the Attorney General enforcement authority over violations of the Act