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
50% Nay
R
Republican73
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
Michael Melerine
RRepublican
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