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Assembly Bill A207

2025-2026 Legislative Session

Prohibits the comptroller from using environment, social, and governance criteria when investing the state pension fund

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Current Bill Status - In Assembly Committee

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2025-A207 (ACTIVE) - Details

See Senate Version of this Bill:
S7240
Current Committee:
Assembly Governmental Employees
Law Section:
Retirement and Social Security Law
Laws Affected:
Amd §177, R & SS L
Versions Introduced in 2023-2024 Legislative Session:
A4090, S6472

2025-A207 (ACTIVE) - Summary

Prohibits the comptroller from using environment, social, and governance criteria as a screening method for selecting companies and funds to invest the state pension fund in.

2025-A207 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                    207
 
                        2025-2026 Regular Sessions
 
                           I N  A S S E M B L Y
 
                                (PREFILED)
 
                              January 8, 2025
                                ___________
 
 Introduced by M. of A. PIROZZOLO, LEMONDES, E. BROWN, BRABENEC, DeSTEFA-
   NO,  REILLY,  FITZPATRICK,  ANGELINO, FRIEND, GALLAHAN, GIGLIO, DURSO,
   CHANG, MAHER, MILLER, NOVAKHOV, SIMPSON, SMULLEN -- Multi-Sponsored by
   -- M. of A.  BROOK-KRASNY -- read once and referred to  the  Committee
   on Governmental Employees
 
 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:
 
   Section  1.  Section  177 of the retirement and social security law is
 amended by adding a new subdivision 11 to read as follows:
   11. THE TRUSTEE OR TRUSTEES OF SUCH  FUND  SHALL  BE  PROHIBITED  FROM
 USING  ENVIRONMENTAL,  SOCIAL,  AND  GOVERNANCE  CRITERIA AS A SCREENING
 METHOD FOR SELECTING COMPANIES AND FUNDS TO INVEST IN.
   § 2. This act shall take effect immediately.
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD00589-01-5

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