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A05471 Summary:
| BILL NO | A05471B |
| SAME AS | No Same As |
| SPONSOR | Alvarez |
| COSPNSR | O'Pharrow, Dais, Hyndman, Reyes, Bichotte Hermelyn, Tapia, De Los Santos, Jackson, Wright, Taylor, Cruz, Raga |
| MLTSPNSR | Davila |
| Add 423-d & 423-e, R & SS L; add Art 15-D 328-b - 328-d, Exec L | |
| Enacts the "New York state agency BIPOC asset management and financial institution strategy act" to ensure the promotion of equity, diversity, and inclusion within the state pension system and the New York city pension system's investments by mandating a minimum allocation of assets to BIPOC asset managers, BIPOC financial institutions, and BIPOC financial or professional service firms; addresses disparities in investment opportunities and fosters economic growth within BIPOC communities, aligning with best practices in investment management and bolstering the financial well-being of New York City and state and residents thereof (Part A); relates to fair investment practices by investment advisers within the state of New York (Part B). | |
A05471 Floor Votes:
There are no votes for this bill in this legislative session.
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