Alaska 34th Alaska State Legislature Status: In Committee 2 R cosponsors

HB 373 — An Act relating to investments of the permanent fund; relating to investments made by the Alaska Permanent Fund Corporation; relating to regulations adopted by the Alaska Permanent Fund Corporation; and providing for an effective date.

Last action — (H) COSPONSOR(S): TOMASZEWSKI

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill is in committee in the House. Introduced February 23, 2026. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the House.

Odds of enactment

Low chance

Based on the sponsor, cosponsors, and committee posture, this bill has a low chance of becoming law.

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A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Stalled 18% · moderate confidence

  • In Committee

    Current position in the legislative process.

  • 2 sponsors

    1 primary, 1 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (2 R).

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

Bill Text

How this bill changes current law

4 changes Share ↗

AI-generated reading aid from the bill's amendatory text — verify against the official bill.

The bill revises investment requirements for the Alaska Permanent Fund by removing certain diversification requirements and repealing specific regulatory mandates.

  • AS 37.13.120(c)

    MAINTAIN A REASONABLE DIVERSIFICATION AMONG INVESTMENTS UNLESS, UNDER THE CIRCUMSTANCES, IT IS CLEARLY PRUDENT NOT TO DO SO. THE BOARD SHALL INVEST THE ASSETS OF THE FUND IN IN-STATE INVESTMENTS TO THE EXTENT THAT IN-STATE INVESTMENTS ARE AVAILABLE AND IF THE IN-STATE INVESTMENTS (1) HAVE A RISK LEVEL AND EXPECTED RETURN COMPARABLE TO ALTERNATE INVESTMENT OPPORTUNITIES; AND (2) ARE ELIGIBLE FOR INVESTMENT OF FUND ASSETS UNDER (a) OF THIS SECTION → None

    This change eliminates the requirement for reasonable diversification and prioritization of in-state investments.

  • AS 37.13.206(a)

    AND SHALL ADOPT REGULATIONS UNDER AS 37.13.120(a) → None

    This removes the obligation for the board to adopt regulations specifically under a prior statute.

  • AS 37.13.120(a)

    Existing text of AS 37.13.120(a) → None

    This repeals the existing regulation that defined the investment criteria.

  • AS 37.13.120(e)

    Existing text of AS 37.13.120(e) → None

    This repeals additional related regulatory provisions.

Action History

  1. (H) COSPONSOR(S): TOMASZEWSKI

  2. (H) REFERRED TO STATE AFFAIRS

  3. (H) STA, FIN

  4. (H) READ THE FIRST TIME - REFERRALS

Sponsors

Sponsorship breakdown

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1 sponsors · 1 co-sponsors · 63 not signed on

Sponsors (1)

Co-sponsors (1)

Not signed on (63)

63 members have not signed on to this bill.

Show all 63 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance energy
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors HB 373?
HB 373 is sponsored by Frank Tomaszewski (R) and Mia Costello (R).
What is the current status of HB 373?
This bill is in committee in the House. Introduced February 23, 2026. It must pass committee before a floor vote.
Where can I track HB 373?
Track HB 373 free on One Click Politics — get push/email alerts when it moves.

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Last checked for changes 3 months ago · updated continuously

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