Proposed Indiana Firearm Legislation SB0372
Legislation Overview
Title: Fiduciary duties of pension system administrators.
Subject: ATTORNEY GENERAL: INDIANA PUBLIC RETIREMENT SYSTEM (formerly PERF): TRUSTS AND FIDUCIARIES
Description: Fiduciary duties of pension system administrators. Provides that a fiduciary, in making and supervising investments of a reserve fund of the public pension system, shall discharge the fiduciary's duties solely in the financial interest of the participants and beneficiaries of the public pension system. Establishes certain requirements for fiduciaries, proxy advisors, service providers, and proxy voting. Requires a governmental entity to, at least annually, tabulate and report all proxy votes made in relation to the administration of a fund of the public pension system. Provides that the attorney general shall enforce these provisions. Imposes a civil penalty if a company serving as a fiduciary in regards to a fund of the public pension system violates these provisions.
Session: 2023 Regular Session
Last Action: Withdrawn
Last Action Date: February 6, 2023
Sponsors
Note: the first sponsor listed is normally the primary sponsor. If a sponsor's name is a hyperlink you can click on it to 'follow the money'.
1 sponsors: Eric Koch (R);
Percentage of Senate sponsoring bill: 2% (1 of 50)
History
| Chamber | Date | Action |
| Senate | Feb 6, 2023 | Withdrawn |
| Senate | Jan 19, 2023 | Authored by Senator Koch |
| Senate | Jan 19, 2023 | First reading: referred to Committee on Pensions and Labor |
Texts
| Type | Date | State Link | Text |
| Introduced | Jan 18, 2023 | state link | bill text |
Amendments
| Title | Description | Date | State Link | Text | Adopted |
| There are no amendments to this bill at this time | |||||
Votes - Click on description to view vote roll call
There have not been any votes on this bill
Link: link to state bill page
