SC H3690 | 2023-2024 | 125th General Assembly

Status

Completed Legislative Action
Spectrum: Partisan Bill (Republican 54-0)
Status: Passed on February 9 2024 - 100% progression
Action: 2024-02-09 - Act No. 103
Text: Latest bill text (Comm Sub) [HTML]

Summary

Amend The South Carolina Code Of Laws By Enacting The "esg Pension Protection Act" By Amending Section 9-16-10, Relating To Retirement System Funds Definitions, So As To Add A Definition Of "pecuniary Factor"; By Amending Section 9-16-30, Relating To Delegation Of Functions By The Commission, So As To Provide That Proxy Voting Decisions Must Be Based On Pecuniary Factors; By Amending Section 9-16-50, Relating To Investment And Management Considerations By Trustees, So As To Provide That The Commission May Only Consider Pecuniary Factors In Making Certain Investment Decisions; By Amending Section 9-16-320, Relating To Annual Investment Plans, So As To Require Certain Meetings; By Amending Section 9-16-330, Relating To Statement Of Actuarial Assumptions And Investment Objectives, So As To Require Certain Certifications; And By Adding Section 9-16-110 So As To Provide That The Attorney General May Bring An Action To Enforce Certain Provisions. - Ratified Title

Tracking Information

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Title

ESG

Sponsors


Roll Calls

2024-01-17 - Senate - Senate: 3rd Reading (Y: 45 N: 0 NV: 0 Abs: 0) [PASS]
2024-01-16 - Senate - Senate: 2nd Reading (Y: 43 N: 0 NV: 0 Abs: 3) [PASS]
2023-04-05 - House - House: Passage Of Bill (Y: 103 N: 5 NV: 12 Abs: 4) [PASS]

History

DateChamberAction
2024-02-09 Act No. 103
2024-02-09 Effective date 02/05/24
2024-02-05 Signed By Governor
2024-01-30 Ratified R 104
2024-01-17SenateRoll call Ayes-45 Nays-0
2024-01-17SenateRead third time and enrolled
2024-01-16SenateRoll call Ayes-43 Nays-0
2024-01-16SenateRead second time
2024-01-11SenateSpecial order, set for January 11. 2024
2023-05-08 Scrivener's error corrected
2023-05-03SenateCommittee report: Favorable Finance
2023-04-06SenateReferred to Committee on Finance
2023-04-06SenateIntroduced and read first time
2023-04-06HouseRead third time and sent to Senate
2023-04-05HouseRoll call Yeas-103 Nays-5
2023-04-05HouseRead second time
2023-04-05HouseAmended
2023-04-04HouseRequests for debate-Rep
2023-04-04HouseMember(s) request name added as sponsor: Landing
2023-04-03 Scrivener's error corrected
2023-03-30HouseCommittee report: Favorable with amendment Labor, Commerce and Industry
2023-03-29HouseMember(s) request name added as sponsor: Blackwell, Caskey
2023-03-28HouseMember(s) request name added as sponsor: Leber, Pope
2023-03-08HouseMember(s) request name added as sponsor: B.Newton, Hewitt
2023-01-19HouseMember(s) request name added as sponsor: Kilmartin, M.M.Smith
2023-01-18HouseMember(s) request name added as sponsor: Robbins
2023-01-12HouseReferred to Committee on Labor, Commerce and Industry
2023-01-12HouseIntroduced and read first time

Code Citations

ChapterArticleSectionCitation TypeStatute Text
91610(n/a)See Bill Text
916110(n/a)See Bill Text
91630(n/a)See Bill Text
916320(n/a)See Bill Text
916330(n/a)See Bill Text
91650(n/a)See Bill Text

South Carolina State Sources

TypeSource
Summaryhttps://www.scstatehouse.gov/billsearch.php?billnumbers=3690&session=125&summary=B
Texthttps://www.scstatehouse.gov/sess125_2023-2024/prever/3690_20230112.htm
Texthttps://www.scstatehouse.gov/sess125_2023-2024/prever/3690_20230403.htm
Texthttps://www.scstatehouse.gov/sess125_2023-2024/prever/3690_20230405.htm
Texthttps://www.scstatehouse.gov/sess125_2023-2024/prever/3690_20230504.htm
Texthttps://www.scstatehouse.gov/sess125_2023-2024/prever/3690_20230330.htm
Texthttps://www.scstatehouse.gov/sess125_2023-2024/prever/3690_20230508.htm
Supplementhttps://www.scstatehouse.gov/sess125_2023-2024/fiscalimpactstatements/H3690%202023-01-12%20introduced.pdf
Roll Callhttps://www.scstatehouse.gov/votehistory.php?KEY=22682
Roll Callhttps://www.scstatehouse.gov/votehistory.php?KEY=23559
Roll Callhttps://www.scstatehouse.gov/votehistory.php?KEY=23562

Bill Comments

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