HB 557 Hawaii House · 2021 Regular Session

RELATING TO THE EMPLOYEES' RETIREMENT SYSTEM.

Summary

Requires the employees' retirement system to reevaluate its investments in coal, oil, natural gas, oil or natural gas services, and pipeline companies and over the next five years, divest of holdings in any companies that have a majority of its holdings invested in fossil fuels, rather than clean renewable energy sources. Effective 7/1/2050. (HD1)

Bill status in committee 3 of 5 stages cleared

Introduction

Jan 2021

Committee Review

Feb 2021

House Passage

Feb 2021

Senate Passage

Governor

Introduced Jan 22, 2021 Last action Feb 12, 2021

Floor votes · House Feb 12, 2021

How they voted

45–3

Passed · 3 other

Total votes 51

Feb 12, 2021

D Democratic46

43 Yea 3

93% Yea

R Republican4

1 Yea 3 Nay

75% Nay

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Feb 12, 2021

Committee

Reported from EEP (Stand. Com. Rep. No. 244) as amended in HD 1, recommending passage on Second Reading and referral to LAT.

lower

Feb 12, 2021

House · Passed

House Vote: pass (45-3-3)

house

Feb 9, 2021

Lower · Passed

The committees on EEP recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 7 Ayes: Representative(s) Lowen, Marten, Hashem, Matayoshi, Perruso, Todd, Matsumoto; Ayes with reservations: none; 1 Noes: Representative(s) Tokioka; and Excused: none.

lower

Jan 27, 2021

Committee

Referred to EEP, LAT, FIN, referral sheet 1

lower

Jan 25, 2021

Introduced

Introduced and Pass First Reading.

lower

Jan 22, 2021

Introduced

Pending introduction.

lower

11 primary · 0 co-sponsors