HR 267 Louisiana House · 2024 Regular Session

RETIREMENT SYSTEMS: Requests state retirement systems to submit reports regarding procedures for proxy voting

This resolution requests that Louisiana's state retirement systems provide written reports to the House Committee on Retirement detailing their proxy voting results for the previous calendar year. The reports must be submitted by June 2025 and June 2026 and should include specific information on voting advice received from external firms and instances where the retirement system voted against a public company's board of directors on shareholder proposals. While the text expresses concerns about the influence of foreign-owned proxy advisory firms on investment outcomes, the resolution itself serves as a procedural step to increase transparency in how state pension funds cast votes on corporate matters.
Bill status passed 3 of 5 stages cleared
Introduction
May 2024
Committee Review
May 2024
House Passage
May 2024
Senate Passage
Governor
Introduced May 22, 2024 Last action Jun 3, 2024
Floor votes · House May 28, 2024

How they voted

82–16
Passed · 7 other
Total votes 105
May 28, 2024
D Democratic32
11 Yea 16 Nay 5
50% Nay
R Republican73
71 Yea 2
97% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
7
Key actions
2
Committee
2
May 28, 2024
Lower · Passed
Read by title, roll called, yeas 82, nays 16. The resolution was adopted.
lower
May 23, 2024
Lower · Passed
Discharged from the Committee on Retirement.
lower
May 22, 2024
Committee
Read by title, rules suspended, referred to the Committee on Retirement.
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Michael Melerine
Michael Melerine
RRepublican
LA
6