Indiana 2023 Regular Session Status: Passed Senate Bipartisan · 5 R · 1 D cosponsors

SB 292 — INPRS investments.

Last action — First reading: referred to Committee on Financial Institutions

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

This bill died with 2023 Regular Session. It reached “Passed Senate” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there are no live odds of enactment. It would have to be reintroduced in the current session to move again.

Summary

Requires the board of trustees of the Indiana public retirement system (board) to make investment decisions with the primary purpose of maximizing the target rate of return on the board's investments. Prohibits the board from making an investment decision with the purpose of influencing any social or environmental policy or attempting to influence the governance of any corporation for nonpecuniary purposes. Specifies an exception. Requires the board to adopt a policy that ensures proxy voting and engagement is based primarily on maximizing the target rate of return on the board's investments. Provides certain guidelines and reporting requirements for proxy voting in relation to the administration of the public pension and retirement funds of the system.

Bill Text

We don't have the full text on file for this bill yet.

Read SB 292 on the official Indiana source →

Action History

  1. First reading: referred to Committee on Financial Institutions

  2. Referred to the House

  3. House sponsor: Representative Manning

  4. Third reading: passed; Roll Call 131: yeas 40, nays 7

  5. Second reading: amended, ordered engrossed

  6. Amendment #1 (Pol) failed; Roll Call 122: yeas 9, nays 39

  7. Amendment #3 (Hunley) failed; voice vote

  8. Amendment #5 (Holdman) prevailed; voice vote

  9. Senator Randolph added as coauthor

  10. Senator Raatz added as coauthor

  11. Senator Koch added as third author

  12. Committee report: amend do pass, adopted

  13. Senator Rogers added as second author

  14. First reading: referred to Committee on Pensions and Labor

  15. Authored by Senator Holdman

Sponsors

Sponsorship breakdown

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4 sponsors · 2 co-sponsors · 144 not signed on

Sponsors (4)

Co-sponsors (2)

Not signed on (144)

144 members have not signed on to this bill.

Show all 144 →

"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
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

What does SB 292 do?
Requires the board of trustees of the Indiana public retirement system (board) to make investment decisions with the primary purpose of maximizing the target rate of return on the board's investments. Prohibits the board from making an investment decision with the purpose of influencing any social or environmental policy or attempting to influence the governance of any corporation for nonpecuniary purposes. Specifies an exception. Requires the board to adopt a policy that ensures proxy voting and engagement is based primarily on maximizing the target rate of return on the board's investments. Provides certain guidelines and reporting requirements for proxy voting in relation to the administration of the public pension and retirement funds of the system.
Who sponsors SB 292?
SB 292 is sponsored by Ethan Manning (Republican), Lonnie Randolph (Democrat), Jeff Raatz (Republican), Eric Koch (Republican), Linda Rogers (Republican), and Travis Holdman (Republican).
What is the current status of SB 292?
This bill died with 2023 Regular Session. It reached “Passed Senate” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track SB 292?
Track SB 292 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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