Wyoming legislation · 2025 General Session
Wyoming HB80: Stop ESG-State funds fiduciary duty act.
Status: Failed, February 28, 2025
AN ACT relating to the administration of the government; specifying requirements for the hiring and retention of investment managers, trustees and fiduciaries who invest state funds as specified; specifying proxy voting requirements for investment managers, trustees and fiduciaries who invest state funds; providing definitions; making conforming amendments; specifying applicability; and providing for an effective date.
What the bill says
An act relating to the administration of the government; specifying requirements for the hiring and retention of investment managers, trustees and fiduciaries who invest state funds as specified; specifying proxy voting requirements for investment managers, trustees and fiduciaries who invest state funds; providing definitions; making conforming amendments; specifying applicability; and providing for an effective date.
From the introduced text:
AN ACT relating to the administration of the government; specifying requirements for the hiring and retention of investment managers, trustees and fiduciaries who invest state funds as specified; specifying proxy voting requirements for investment managers, trustees and fiduciaries who invest state funds; providing definitions; making conforming amendments; specifying applicability; and providing for an effective date. Section 1. W.S. 9‐4‐722 is created to consideration of only financial purposes. (a) As used in this (ii) "Fiduciary commitment" means any material evidence of a fiduciary's or trustee's purpose in managing the investment of state funds, or (B) Participation in, affiliation with or status as a signatory to any coalition, initiative, joint statement of principles or agreement. (iii) "Investment entity" means the state treasurer, the state loan and investment board, the Wyoming retirement board, the Wyoming retirement system and any other entity responsible for the investment or management of the investment of state funds; (iv) "Non‐pecuniary financial factors" means fiduciary decisions that do not provide confidence in increased returns or lower risk and instead cause alarm or concern. "Non‐pecuniary financial factors" includes diversions from fiduciary responsibilities that will most likely result in lower returns and increased risk resulting in less funding being available to the state of Wyoming in general; (v) "Pecuniary financial factors" means prudently determined based fiduciary decisions based on appropriate investment …
Sponsors
- Abby Angelos (R, H03)
- Dalton Banks (R, H26)
- Bear, John (R, H31)
- Jeremy Haroldson (R, H04)
- Christopher Knapp (R, H53) · primary sponsor
- Neiman, Chip (R, H01)
- Singh, Daniel (R, H61)
- Tarver, Reuben (R, H52)
- Joseph Webb (R, H19)
- John Winter (R, H28)
- Steinmetz, Cheri (R, S03)
Latest actions
- : S Did not Consider for Introduction
- : S Received for Introduction
- : H 3rd Reading:Passed 44-16-2-0-0
- : H 2nd Reading:Passed
- : H COW:Passed
- : H09 - Minerals:Recommend Amend and Do Pass 8-1-0-0-0
- : H Placed on General File
- : H Introduced and Referred to H09 - Minerals
- : H Received for Introduction
- : Bill Number Assigned
Votes
- Amendment adopted 26-5-0-0-0 (January 23, 2025): 26 yea, 5 nay, passed
- Amendment failed 15-16-0-0-0 (January 20, 2025): 15 yea, 16 nay, failed
Subjects: Stop ESG-State funds fiduciary duty act.
Common questions
- What is HB80?
- HB80 is a bill in the Wyoming Legislature (2025 General Session): Stop ESG-State funds fiduciary duty act.
- What does HB80 do?
- In its own words: An act relating to the administration of the government; specifying requirements for the hiring and retention of investment managers, trustees and fiduciaries who invest state funds as specified; specifying proxy voting requirements for investment managers, trustees and fiduciaries who invest state funds; providing definitions; making conforming amendments; specifying applicability; and providing for an effective date.
- What is the status of HB80?
- Failed as of February 28, 2025. Latest action: S Did not Consider for Introduction (February 28, 2025).
- Who sponsored HB80?
- Christopher Knapp (R, H53), with 10 co-sponsors.
- Where is the official record for HB80?
- On the Wyoming Legislature website: https://wyoleg.gov/Legislation/2025/HB0080
Source: official Wyoming record. Tracked by Delilah, AI for legislation across all 50 states and Congress.