H 3690

  • South Carolina House Bill
  • 2023-2024 Regular Session
  • Introduced in House Apr 06, 2023
  • Passed House Apr 06, 2023
  • Passed Senate Jan 17, 2024
  • Signed by Governor Feb 05, 2024

Abstract

AN ACT TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ENACTING THE "ESG PENSION PROTECTION ACT" BY AMENDING SECTION 9-16-10, RELATING TO RETIREMENT SYSTEM FUNDS DEFINITIONS, SO AS TO ADD A DEFINITION OF "PECUNIARY FACTOR"; BY AMENDING SECTION 9-16-30, RELATING TO DELEGATION OF FUNCTIONS BY THE COMMISSION, SO AS TO PROVIDE THAT PROXY VOTING DECISIONS MUST BE BASED ON PECUNIARY FACTORS; BY AMENDING SECTION 9-16-50, RELATING TO INVESTMENT AND MANAGEMENT CONSIDERATIONS BY TRUSTEES, SO AS TO PROVIDE THAT THE COMMISSION MAY ONLY CONSIDER PECUNIARY FACTORS IN MAKING CERTAIN INVESTMENT DECISIONS; BY AMENDING SECTION 9-16-320, RELATING TO ANNUAL INVESTMENT PLANS, SO AS TO REQUIRE CERTAIN MEETINGS; BY AMENDING SECTION 9-16-330, RELATING TO STATEMENT OF ACTUARIAL ASSUMPTIONS AND INVESTMENT OBJECTIVES, SO AS TO REQUIRE CERTAIN CERTIFICATIONS; AND BY ADDING SECTION 9-16-110 SO AS TO PROVIDE THAT THE ATTORNEY GENERAL MAY BRING AN ACTION TO ENFORCE CERTAIN PROVISIONS. - RATIFIED TITLE

Bill Sponsors (54)

Davis

     
Primary

Votes


Actions


Feb 09, 2024

South Carolina Legislature

Act No. 103

South Carolina Legislature

Effective date 02/05/24

Feb 05, 2024

South Carolina Legislature

Signed By Governor

Jan 30, 2024

South Carolina Legislature

Ratified R 104

Jan 17, 2024

Senate

Read third time and enrolled

Senate

Roll call Ayes-45 Nays-0

Jan 16, 2024

Senate

Read second time

Senate

Roll call Ayes-43 Nays-0

Jan 11, 2024

Senate

Special order, set for January 11. 2024

May 08, 2023

South Carolina Legislature

Scrivener's error corrected

May 03, 2023

Senate

Committee report: Favorable Finance

Apr 06, 2023

House

Read third time and sent to Senate

Senate

Introduced and read first time

Senate

Referred to Committee on Finance

Apr 05, 2023

House

Roll call Yeas-103 Nays-5

House

Read second time

House

Amended

Apr 04, 2023

House

Requests for debate-Rep(s). Hiott, Taylor, Carter, B Newton, Guffey, McCravy, Guest, BL Cox, Pace, Magnuson, Harris, Hixon, Oremus, Blackwell, Henegan, Williams, Beach, Cromer, Anderson, Kirby, Hosey, Hewitt, King, Bernstein, Bauer, Robbins, Garvin, White, S Jones, Moss, Mitchell, Sandifer, Whitmire, May, McCabe, Vaughan, BJ Cox, Elliott

House

Member(s) request name added as sponsor: Landing

Apr 03, 2023

South Carolina Legislature

Scrivener's error corrected

Mar 30, 2023

House

Committee report: Favorable with amendment Labor, Commerce and Industry

Mar 29, 2023

House

Member(s) request name added as sponsor: Blackwell, Caskey

Mar 28, 2023

House

Member(s) request name added as sponsor: Leber, Pope

Mar 08, 2023

House

Member(s) request name added as sponsor: B.Newton, Hewitt

Jan 19, 2023

House

Member(s) request name added as sponsor: Kilmartin, M.M.Smith

Jan 18, 2023

House

Member(s) request name added as sponsor: Robbins

Jan 12, 2023

House

Introduced and read first time

House

Referred to Committee on Labor, Commerce and Industry

Bill Text

Bill Text Versions Format
01/12/2023 HTML
03/30/2023 HTML
04/03/2023 HTML
04/05/2023 HTML
05/04/2023 HTML
05/08/2023 HTML
Filed VND.OPENXMLFORMATS-OFFICEDOCUMENT.WORDPROCESSINGML.DOCUMENT HTML

Related Documents

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Sources

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