Prohibits the comptroller from using environment, social, and governance criteria as a screening method for selecting companies and funds to invest the state pension fund in.
STATE OF NEW YORK
________________________________________________________________________
7240
2025-2026 Regular Sessions
IN SENATE
April 7, 2025
___________
Introduced by Sen. LANZA -- read twice and ordered printed, and when
printed to be committed to the Committee on Civil Service and Pensions
AN ACT to amend the retirement and social security law, in relation to
prohibiting the comptroller from using environment, social, and gover-
nance criteria when investing the state pension fund
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Section 177 of the retirement and social security law is
2 amended by adding a new subdivision 11 to read as follows:
3 11. The trustee or trustees of such fund shall be prohibited from
4 using environmental, social, and governance criteria as a screening
5 method for selecting companies and funds to invest in.
6 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD00589-01-5
