Wyoming legislation · 2025 General Session
Wyoming SF191: State funds-proxy voting and pecuniary investments.
Status: Chaptered, March 17, 2025
AN ACT relating to state funds; requiring the state treasurer and the Wyoming retirement board to provide for proxy voting associated with the investment of state funds; specifying investment criteria to ensure investments are made only on pecuniary factors; providing definitions; authorizing contracts and the use of investment earnings; making conforming amendments; specifying applicability; authorizing full‑time positions; and providing for an effective date.
What the bill says
An act relating to state funds; requiring the state treasurer and the Wyoming retirement board to provide for proxy voting associated with the investment of state funds; specifying investment criteria to ensure investments are made only on pecuniary factors; providing definitions; authorizing contracts and the use of investment earnings; making conforming amendments; specifying applicability; authorizing full‐time positions; and providing for an effective date.
From the introduced text:
AN ACT relating to state funds; requiring the state treasurer and the Wyoming retirement board to provide for proxy voting associated with the investment of state funds; specifying investment criteria to ensure investments are made only on pecuniary factors; providing definitions; authorizing contracts and the use of investment earnings; making conforming amendments; specifying applicability; authorizing full‐time positions; and providing for an effective date. Section 1. W.S. 9‐4‐722 is created to proxy voting requirements. (a) As used in this section, "investment entity" means the state treasurer and the Wyoming retirement board. (b) The following shall apply to the investment of funds made by each investment (ii) Each investment entity shall solely act in the financial interest of beneficiaries when evaluating managers, vendors, asset allocations and investment potential in order to obtain the highest total return on a risk‐adjusted basis while adhering to all applicable laws; (iii) Fiduciary decisions made by each investment entity shall be based only on pecuniary factors. For purposes of this paragraph, "pecuniary factors": (A) Are factors that have been prudently determined and are expected to have a positive effect on the risk‐adjusted return of investments, based on appropriate investment horizons consistent with the objectives of the applicable funds and investment policies while adhering to compliance, statutory and regulatory guidance; (B) Do not include the furtherance of environmental, …
Sponsors
- Barlow, Eric (R, S23)
- Biteman, Bo (R, S21) · primary sponsor
- Tim French (R, S18)
- Robert Ide (R, S29)
- Dan Laursen (R, S19)
- McKeown, Troy (R, S24)
- Tara Nethercott (R, S04)
- Tim Salazar (R, S26)
- Scott Smith (R, H05)
Latest actions
- : Governor Signed SEA No. 0096
- : Assigned Chapter Number 151
- : S Concur:Passed 24-2-5-0-0
- : Assigned Number SEA No. 0096
- : S President Signed SEA No. 0096
- : H Speaker Signed SEA No. 0096
- : H 3rd Reading:Passed 60-0-2-0-0
- : S Received for Concurrence
- : H 2nd Reading:Passed
- : H 2nd Reading:Laid Back
Votes
- S08 - Transportation:Recommend Do Pass 4-0-1-0-0 (March 6, 2025): 4 yea, 0 nay, passed
- S Adopted SF0017JC001: 27-4-0-0-0 (March 4, 2025): 27 yea, 4 nay, passed
- H Adopted SF0017JC001: 55-3-4-0-0 (March 4, 2025): 55 yea, 3 nay, passed
- S Concur:Failed 12-19-0-0-0 (March 3, 2025): 12 yea, 19 nay, failed
- H 3rd Reading:Passed 55-5-2-0-0 (March 3, 2025): 55 yea, 5 nay, passed
- H02 - Appropriations:Recommend Do Pass 6-1-0-0-0 (February 19, 2025): 6 yea, 1 nay, passed
Subjects: State funds-proxy voting and pecuniary investments.
Common questions
- What is SF191?
- SF191 is a bill in the Wyoming Legislature (2025 General Session): State funds-proxy voting and pecuniary investments.
- What does SF191 do?
- In its own words: An act relating to state funds; requiring the state treasurer and the Wyoming retirement board to provide for proxy voting associated with the investment of state funds; specifying investment criteria to ensure investments are made only on pecuniary factors; providing definitions; authorizing contracts and the use of investment earnings; making conforming amendments; specifying applicability; authorizing full‐time positions; and providing for an effective date.
- What is the status of SF191?
- Chaptered as of March 17, 2025. Latest action: Governor Signed SEA No. 0096 (March 17, 2025).
- Who sponsored SF191?
- Biteman, Bo (R, S21), with 8 co-sponsors.
- Where is the official record for SF191?
- On the Wyoming Legislature website: https://wyoleg.gov/Legislation/2025/SF0191
Source: official Wyoming record. Tracked by Delilah, AI for legislation across all 50 states and Congress.