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WV SB739

Bill

Official Source

Status

Introduced

2/4/2026

Primary Sponsor

Tom Willis

Click for details

Origin

Senate

2026 Regular Session

AI Summary

  • Establishes that corporate directors or officers who prioritize environmental, social, and governance (ESG) factors over shareholder financial returns create prima facie evidence of a breach of fiduciary duty
  • Defines "diversity, equity, and inclusion" (DEI) as efforts to influence hiring based on race, color, sex, ethnicity, or national origin outside of colorblind and sex-neutral processes, or to promote race-based benefits, policies, or trainings
  • Defines "environmental, social, and governance" as a framework measuring non-pecuniary business behavior, including greenhouse gas emissions, DEI practices, and board diversity
  • Defines "pecuniary interest" as minimizing financial risk and maximizing financial return to shareholders
  • Adds two new sections (§31D-8-870 and §31D-8-871) to West Virginia's corporate code governing directors and officers

Legislative Description

Creating Protecting Shareholders Act

Legislature

Last Action

To Banking and Insurance

2/4/2026

Committee Referrals

Banking and Insurance2/4/2026

Full Bill Text

No bill text available