VA HB388 | 2024 | Regular Session
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 8 2024 - 25% progression, died in chamber
Action: 2024-01-31 - Stricken from docket by Appropriations (22-Y 0-N)
Text: Latest bill text (Prefiled) [HTML]
Status: Introduced on January 8 2024 - 25% progression, died in chamber
Action: 2024-01-31 - Stricken from docket by Appropriations (22-Y 0-N)
Text: Latest bill text (Prefiled) [HTML]
Summary
Virginia Retirement System; investments; diversity, equity, and inclusion investing restricted. Provides that unless the Board of Trustees of the Virginia Retirement System can demonstrate that a social investment, defined in the bill, would provide a superior rate of return compared to a similar investment that is not a social investment with a similar time horizon and risk, neither the Board nor any external fiduciary utilized by the Board may invest or make recommendations regarding state funds for the purpose of social investment on or after July 1, 2024.
Title
Virginia Retirement System; investments, diversity, equity, and inclusion investing restricted.
Sponsors
Del. Tim Griffin [R] |
Roll Calls
2024-01-31 - House - House: Stricken from docket by Appropriations (22-Y 0-N) (Y: 22 N: 0 NV: 0 Abs: 0) [PASS]
2024-01-29 - House - House: Subcommittee recommends striking from docket (8-Y 0-N) (Y: 8 N: 0 NV: 0 Abs: 1) [PASS]
2024-01-29 - House - House: Subcommittee recommends striking from docket (8-Y 0-N) (Y: 8 N: 0 NV: 0 Abs: 1) [PASS]
History
Date | Chamber | Action |
---|---|---|
2024-01-31 | House | Stricken from docket by Appropriations (22-Y 0-N) |
2024-01-29 | House | Subcommittee recommends striking from docket (8-Y 0-N) |
2024-01-17 | House | Assigned App. sub: Compensation and Retirement |
2024-01-08 | House | Referred to Committee on Appropriations |
2024-01-08 | House | Prefiled and ordered printed; offered 01/10/24 24103471D |