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2023 SESSION

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SB 1437 Virginia Retirement System; investments, environmental, social, and governance investing restricted.

Introduced by: Ryan T. McDougle | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Virginia Retirement System; investments; environmental, social, and governance investing restricted. Provides that unless the Board of Trustees of the Virginia Retirement System can demonstrate that a social investment, defined in the bill, would provide a superior rate of return compared to a similar investment that is not a social investment with a similar time horizon and risk, neither the Board nor any external fiduciary utilized by the Board may invest or make recommendations regarding state funds for the purpose of social investment on or after July 1, 2023.

FULL TEXT

• 01/11/23  Senate: Presented and ordered printed 23103201D  pdf | impact statement

HISTORY

• 01/11/23  Senate: Presented and ordered printed 23103201D
• 01/11/23  Senate: Referred to Committee on Finance and Appropriations
• 01/25/23  Senate: Passed by indefinitely in Finance and Appropriations (16-Y 0-N)