SF 58 Wyoming House · 2024 Regular Session

Investment of state unemployment insurance trust fund.

This bill allows Wyoming's state unemployment insurance trust fund to be invested entirely in equities (like stocks) through a new "Pool A" investment account, instead of being limited to safer investments. It requires that at least 50% of the fund's investment earnings be retained in the fund until its balance recovers to the July 1, 2023 level, with the remainder directed to the workforce development training fund. The changes affect how the state manages the unemployment trust fund, directly impacting the financial stability of the fund that pays unemployment benefits to workers. The bill also updates procedures for benefit payments and fund distribution.
Bill status signed all 5 stages cleared
Introduction
Feb 2024
Committee Review
Feb 2024
Senate Passage
Feb 2024
House Passage
Mar 2024
Signed into Law
Mar 2024
Introduced Feb 12, 2024 Signed Mar 7, 2024
Floor votes · Senate Feb 15, 2024 · House Mar 1, 2024

How they voted

300
Passed
Total votes 30
Feb 15, 2024
D Democratic2
2 Yea
100% Yea
R Republican28
28 Yea
100% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
20
Key actions
7
Committee
4
Mar 7, 2024
Signed into law
Governor Signed SEA No. 0012
legislature
Mar 1, 2024
Lower · Passed
H 3rd Reading:Passed 52-6-4-0-0
lower
Feb 28, 2024
Lower · Passed
H COW:Passed
lower
Feb 27, 2024
Lower · Passed
H02 - Appropriations:Recommend Do Pass 6-0-1-0-0
lower
Feb 26, 2024
Introduced
H Introduced and Referred to H02 - Appropriations
lower
Feb 15, 2024
Upper · Passed
S 3rd Reading:Passed 31-0-0-0-0
upper
Feb 13, 2024
Upper · Passed
S COW:Passed
upper
Feb 13, 2024
Upper · Passed
S02 - Appropriations:Recommend Do Pass 5-0-0-0-0
upper
Feb 12, 2024
Introduced
S Introduced and Referred to S02 - Appropriations 31-0-0-0-0
upper
0 primary · 0 co-sponsors

Sponsors

No sponsor information available.