New York Senate Bill S06472 Latest Draft

   
  STATE OF NEW YORK ________________________________________________________________________ 6472 2023-2024 Regular Sessions  IN SENATE April 21, 2023 ___________ Introduced by Sen. LANZA -- read twice and ordered printed, and when printed to be committed to the Committee on Civil Service and Pensions 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