An Act restricting fiduciary actions by a fiduciary of a state fund, the Alaska Retirement Management Board, and the Alaska Permanent Fund Corporation Board that have the purpose of furthering social, political, or ideological interests.

HB 6 prohibits Alaska's state retirement funds, the Alaska Retirement Management Board, and the Alaska Permanent Fund Corporation from making investment decisions intended to advance social, political, or ideological goals. Specifically, it bans actions like divesting from companies over climate policies, restricting investments based on diversity initiatives, limiting access to abortion or gender-affirming care, or avoiding firearm-related businesses. The bill defines prohibited actions as those "committing to" reducing greenhouse gas emissions, enforcing diversity criteria, divesting over environmental standards, or restricting firearm industry investments. These restrictions apply to all investment decisions by the affected boards, overriding any voluntary efforts to align portfolios with such interests. The bill directly affects how Alaska's public retirement and permanent funds manage investments.