HB 481 Georgia House · 2023-2024 Regular Session

Public Retirement Systems Investment Authority Law; provide for a fiduciary duty

Summary
A BILL to be entitled an Act to amend Article 7 of Chapter 20 of Title 47 of the Official Code of Georgia Annotated, the "Public Retirement Systems Investment Authority Law," so as to provide for a fiduciary duty to invest retirement assets solely in the financial interest of participants and their beneficiaries; to provide for duties; to provide for delegation of duties; to provide for objective; to provide for conformance; to provide for a definition; to provide for related matters; to provide for an effective date; to repeal conflicting laws; and for other purposes.
Bill status signed all 5 stages cleared
Introduction
Feb 2023
Committee Review
Mar 2024
House Passage
Feb 2024
Senate Passage
Mar 2024
Signed into Law
May 2024
Introduced Feb 16, 2023 Signed May 6, 2024
Floor votes · Senate Mar 13, 2024 · House Feb 26, 2024

How they voted

440
Passed · 6 other
Total votes 50
Mar 13, 2024
D Democratic21
17 Yea 4
80% Yea
R Republican29
27 Yea 2
93% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
15
Key actions
6
Committee
3
May 6, 2024
Signed into law
Act 587
upper
May 6, 2024
Signed into law
House Date Signed by Governor
lower
Mar 13, 2024
Upper · Passed
Senate Passed/Adopted
upper
Mar 8, 2024
Upper · Passed
Senate Committee Favorably Reported
upper
Feb 27, 2024
Committee
Senate Read and Referred
upper
Feb 26, 2024
Lower · Passed
House Passed/Adopted By Substitute
lower
Feb 21, 2024
Lower · Passed
House Committee Favorably Reported By Substitute
lower
Feb 16, 2023
Introduced
House Hopper
lower
6 primary · 0 co-sponsors

Sponsors