New York State Assembly

Bill No.:  

 
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A04090 Summary:

BILL NO	A04090
SAME AS	SAME AS S06472
SPONSOR	Pirozzolo
COSPNSR	Lemondes, Brown E, Brabenec, DeStefano, Byrnes, Reilly, Fitzpatrick, Angelino, Friend, Gallahan, Giglio JA, Durso, Flood, Chang, Maher, Miller, Novakhov, Simpson, Smullen
MLTSPNSR	Brook-Krasny
Amd §177, R & SS L
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.

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A04090 Actions:

BILL NO	A04090
02/09/2023	referred to governmental employees
05/09/2023	held for consideration in governmental employees
01/03/2024	referred to governmental employees

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A04090 Committee Votes:

Committee:GOVERNMENTAL EMPLOYEES   Chair:Pheffer Amato      
DATE:05/09/2023AYE/NAY:9/4  Action: Held for Consideration         
Pheffer Amato
Aye
DeStefano
Nay
Aubry
Aye
Reilly
Nay
Colton
Aye
Giglio
Nay
Zebrowski
Aye
Tannousis
Nay
Santabarbara
Aye
Eichenstein
Aye
Fall
Aye
Jones
Aye
Burke
Absent
Sillitti
Aye

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A04090 Floor Votes:

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A04090 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          4090
 
                               2023-2024 Regular Sessions
 
                   IN ASSEMBLY
 
                                    February 9, 2023
                                       ___________
 
        Introduced  by  M.  of  A.  PIROZZOLO  --  read once and referred to the
          Committee on Governmental Employees
 
        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.
                                                                   LBD07962-02-3

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