OR SB681 | 2025 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 10-0)
Status: Introduced on January 13 2025 - 25% progression
Action: 2025-01-17 - Referred to Finance and Revenue.
Pending: Senate Finance and Revenue Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 13 2025 - 25% progression
Action: 2025-01-17 - Referred to Finance and Revenue.
Pending: Senate Finance and Revenue Committee
Text: Latest bill text (Introduced) [PDF]
Summary
The Act says that for five years, the State Treasurer can't invest in private funds that deal heavily in fossil fuels. (Flesch Readability Score: 72.7). Prohibits the State Treasurer from renewing investments in or making new investments in a private market fund if the managers of the fund have stated an intention to invest in fossil fuels, subject to fiduciary duties. Sunsets on January 2, 2031.
Title
Relating to a moratorium on private investments by the State Treasurer in fossil fuel dominant funds.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2025-01-17 | Senate | Referred to Finance and Revenue. |
| 2025-01-13 | Senate | Introduction and first reading. Referred to President's desk. |
