Travis Holdman
- Republican
- Senator
- District 19
Author
Requires the board of trustees of the Indiana public retirement system (board) to make investment decisions with the primary purpose of maximizing the target rate of return on the board's investments. Prohibits the board from making an investment decision with the purpose of influencing any social or environmental policy or attempting to influence the governance of any corporation for nonpecuniary purposes. Specifies an exception. Requires the board to adopt a policy that ensures proxy voting and engagement is based primarily on maximizing the target rate of return on the board's investments. Provides certain guidelines and reporting requirements for proxy voting in relation to the administration of the public pension and retirement funds of the system.
First reading: referred to Committee on Financial Institutions
Referred to the House
Third reading: passed; Roll Call 131: yeas 40, nays 7
House sponsor: Representative Manning
Amendment #5 (Holdman) prevailed; voice vote
Amendment #3 (Hunley) failed; voice vote
Amendment #1 (Pol) failed; Roll Call 122: yeas 9, nays 39
Second reading: amended, ordered engrossed
Senator Randolph added as coauthor
Senator Raatz added as coauthor
Senator Koch added as third author
Committee report: amend do pass, adopted
Senator Rogers added as second author
First reading: referred to Committee on Pensions and Labor
Authored by Senator Holdman
| Bill Text Versions | Format |
|---|---|
| Introduced Senate Bill (S) | |
| Senate Bill (S) | |
| Engrossed Senate Bill (S) |
| Document | Format |
|---|---|
| Fiscal Note: SB0292.03.ENGS.FN001 | |
| Fiscal Note: SB0292.03.ENGS.FN002 |
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