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HB 236 Kentucky House · 2023 Regular Session

AN ACT relating to the fiduciary duties owed to the state-administered retirement systems.

Summary
Amend KRS 21.450, 61.650, 78.790, and 161.430 to provide that fiduciaries shall consider the sole interest of the members and beneficiaries of the retirement systems using only pecuniary factors and prohibit the consideration of or actions on nonpecuniary interests including environmental, social, political, and ideological interests.
Bill status signed all 5 stages cleared
Introduction
Feb 2023
Committee Review
Mar 2023
House Passage
Mar 2023
Senate Passage
Mar 2023
Signed into Law
Mar 2023
Introduced Feb 9, 2023 Signed Mar 24, 2023
Floor votes · House Mar 2, 2023

How they voted

This bill passed the Senate by voice vote (no roll call recorded).
Full legislative history

Actions timeline

Total actions
23
Key actions
7
Committee
6
Amendments
2
Mar 24, 2023
Signed into law
signed by Governor (Acts Ch. 94)
lower
Mar 13, 2023
Upper · Passed
enrolled, signed by President of the Senate
upper
Mar 13, 2023
Lower · Passed
enrolled, signed by Speaker of the House
lower
Mar 13, 2023
Lower · Passed
passed 32 -5
lower
Mar 8, 2023
Introduced
floor amendment (1) filed
lower
Mar 8, 2023
Lower · Passed
reported favorably, 1st reading, to Calendar
lower
Mar 7, 2023
Committee
to State & Local Government (S)
upper
Mar 3, 2023
Committee
to Committee on Committees (S)
upper
Mar 2, 2023
Lower · Passed
3rd reading, passed 77-17 with Committee Substitute (1) and Floor Amendment (1)
lower
Feb 28, 2023
Introduced
floor amendment (1) filed to Committee Substitute
lower
Feb 23, 2023
Lower · Passed
reported favorably, 1st reading, to Calendar with Committee Substitute (1)
lower
Feb 14, 2023
Committee
to Natural Resources & Energy (H)
lower
Feb 9, 2023
Committee
to Committee on Committees (H)
lower
Feb 9, 2023
Introduced
introduced in House
lower
0 primary · 0 co-sponsors

Sponsors

No sponsor information available.