Kentucky 2025 Regular Session Status: Enacted

SB 183 — AN ACT relating to the fiduciary duties owed to the state-administered retirement systems.

Last action — delivered to Secretary of State (Acts Ch. 115)

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

This bill has been enacted into law. Introduced February 14, 2025. Enacted.

Signed by Governor Andy Beshear (Democratic) on March 27, 2025.

Prognosis

Likely to advance 68% · moderate confidence

Where this bill stands today.

Odds of enactment

High

How often bills like it became law.

  • Enacted

    Current position in the legislative process.

  • Cleared a recorded vote

    Passed 4 recorded votes so far.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Summary

Amend KRS 21.450, 61.650, 78.790, and 161.430 relating to the fiduciary duties owed to the state-administered retirement systems to define "shareholder-sponsored proposal" and "economic analysis"; require a proxy adviser under contract with a state-administered retirement system to conduct and document an economic analysis prior to voting on or recommending a vote on a shareholder-sponsored proposal that is inconsistent with the recommendation of the board of directors of the issuer of shares in order to demonstrate that a vote against management's recommendation is solely in the interest of the retirement plan members and beneficiaries; make technical corrections.

Bill Text

What changed in the latest version

596 added · 816 removed

596 line(s) added, 816 removed.

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UNOFFICIAL COPY 25 RS SB 183/VO AN ACT relating to the fiduciary duties owed to the state-administered retirement systems.
CHAPTER 115 1 CHAPTER 115 ( SB 183 ) AN ACT relating to the fiduciary duties owed to the state-administered retirement systems.
"Nonpecuniary interest" includes but is not limited to an environmental, social, political, or ideological interest which does not have a direct and material connection to the financial risk or financial return of an investment;[ and] Page 1 of 28 SB018390.100 - 1546 - XXXX 3/27/2025 6:47 PM Vetoed and Overridden UNOFFICIAL COPY 25 RS SB 183/VO 5.
"Nonpecuniary interest" includes but is not limited to an environmental, social, political, or ideological interest which does not have a direct and material connection to the financial risk or financial return of an investment;[ and] 5.
"Economic analysis" means a written analysis of the economic impact of a shareholder-sponsored proposal, which shall include, at a minimum:
"Economic analysis" means a written analysis of the economic impact of a shareholder- sponsored proposal, which shall include, at a minimum:
Whether the board of directors of the issuer of securities opposes the shareholder-sponsored proposal and the stated reasons for the opposition;
Whether the board of directors of the issuer of securities opposes the shareholder- sponsored proposal and the stated reasons for the opposition;
"Proxy adviser" means any person who is engaged in the business of providing advice, research, analysis, ratings, or recommendations specifically with respect to proxy voting and who has entered into an agreement or contracted with the board Page 2 of 28 SB018390.100 - 1546 - XXXX 3/27/2025 6:47 PM Vetoed and Overridden UNOFFICIAL COPY 25 RS SB 183/VO of trustees of the retirement system to receive compensation for those purposes.
"Proxy adviser" means any person who is engaged in the business of providing advice, research, analysis, ratings, or recommendations specifically with respect to proxy voting and who has entered into an agreement or contracted with the board of trustees of the retirement system to receive compensation for those purposes.
(b) The board members, any investment manager or other fiduciary, or proxy adviser shall discharge their duties with respect to the funds of the retirement system solely in the interest of the members and beneficiaries and:
Legislative Research Commission PDF Version ACTS OF THE GENERAL ASSEMBLY (b) The board members, any investment manager or other fiduciary, or proxy adviser shall discharge their duties with respect to the funds of the retirement system solely in the interest of the members and beneficiaries and:
(d) When exercising or recommending a vote on a shareholder-sponsored proposal, a proxy adviser that has entered into an agreement or contracted Page 3 of 28 SB018390.100 - 1546 - XXXX 3/27/2025 6:47 PM Vetoed and Overridden UNOFFICIAL COPY 25 RS SB 183/VO with the board of trustees of the retirement system acts solely in the interest of the members and beneficiaries under this subsection if:
(d) When exercising or recommending a vote on a shareholder-sponsored proposal, a proxy adviser that has entered into an agreement or contracted with the board of trustees of the retirement system acts solely in the interest of the members and beneficiaries under this subsection if:
(a) Investment managers shall comply with all applicable provisions of the Investment Advisers Act of 1940, as amended, and the rules and regulations promulgated thereunder, and shall comply with all other applicable federal securities statutes and related rules and regulations that apply to investment Page 4 of 28 SB018390.100 - 1546 - XXXX 3/27/2025 6:47 PM Vetoed and Overridden UNOFFICIAL COPY 25 RS SB 183/VO managers;
(a) Investment managers shall comply with all applicable provisions of the Investment Advisers Act of 1940, as amended, and the rules and regulations promulgated thereunder, and shall comply with all other applicable federal securities statutes and related rules and regulations that apply to investment managers;
Section 2.
CHAPTER 115 3 Section 2.
Page 5 of 28 SB018390.100 - 1546 - XXXX 3/27/2025 6:47 PM Vetoed and Overridden UNOFFICIAL COPY 25 RS SB 183/VO a.
a.
Page 6 of 28 SB018390.100 - 1546 - XXXX 3/27/2025 6:47 PM Vetoed and Overridden UNOFFICIAL COPY 25 RS SB 183/VO iii.
iii.
ii "Proxy adviser" does not include an investment manager as defined in this subparagraph.
ii "Proxy adviser" does not include an investment manager as defined in this Legislative Research Commission PDF Version ACTS OF THE GENERAL ASSEMBLY subparagraph.
With the care, skill, and caution under the circumstances then prevailing that a prudent person acting in a like capacity and Page 7 of 28 SB018390.100 - 1546 - XXXX 3/27/2025 6:47 PM Vetoed and Overridden UNOFFICIAL COPY 25 RS SB 183/VO familiar with those matters would use in the conduct of an activity of like character and purpose;
With the care, skill, and caution under the circumstances then prevailing that a prudent person acting in a like capacity and familiar with those matters would use in the conduct of an activity of like character and purpose;
The recommendation of the board of directors is not for the Page 8 of 28 SB018390.100 - 1546 - XXXX 3/27/2025 6:47 PM Vetoed and Overridden UNOFFICIAL COPY 25 RS SB 183/VO purpose of furthering a nonpecuniary interest;
The recommendation of the board of directors is not for the purpose of furthering a nonpecuniary interest;
Proxy advisers and proxy voting services shall comply with all applicable provisions of the Investment Advisers Act of 1940, as amended, and the rules and regulations promulgated thereunder, and shall comply with all other federal statutes and related rules and regulations that apply to proxy advisers and proxy voting services.
Proxy advisers and proxy voting services shall comply with all applicable provisions of the Investment Advisers Act of 1940, as amended, and the rules and regulations promulgated CHAPTER 115 5 thereunder, and shall comply with all other federal statutes and related rules and regulations that apply to proxy advisers and proxy voting services.
(e) No contract or agreement, whether made in writing or not, shall in any manner waive, restrict, or limit a fiduciary's liability as to any of the duties Page 9 of 28 SB018390.100 - 1546 - XXXX 3/27/2025 6:47 PM Vetoed and Overridden UNOFFICIAL COPY 25 RS SB 183/VO imposed by this section.
(e) No contract or agreement, whether made in writing or not, shall in any manner waive, restrict, or limit a fiduciary's liability as to any of the duties imposed by this section.
(b) Thirty (30) days prior to adoption, the board shall tender the preliminary Page 10 of 28 SB018390.100 - 1546 - XXXX 3/27/2025 6:47 PM Vetoed and Overridden UNOFFICIAL COPY 25 RS SB 183/VO investment procurement policy to the secretary of the Finance and Administration Cabinet or his or her designee for review and comment;
(b) Thirty (30) days prior to adoption, the board shall tender the preliminary investment procurement policy to the secretary of the Finance and Administration Cabinet or his or her designee for review and comment;
Page 11 of 28 SB018390.100 - 1546 - XXXX 3/27/2025 6:47 PM Vetoed and Overridden UNOFFICIAL COPY 25 RS SB 183/VO 1.
1.
or 2.
or Legislative Research Commission PDF Version ACTS OF THE GENERAL ASSEMBLY 2.
The investment committee shall have authority to implement the Page 12 of 28 SB018390.100 - 1546 - XXXX 3/27/2025 6:47 PM Vetoed and Overridden UNOFFICIAL COPY 25 RS SB 183/VO investment policies adopted by the board and act on behalf of the board on all investment-related matters.
The investment committee shall have authority to implement the investment policies adopted by the board and act on behalf of the board on all investment-related matters.
Page 13 of 28 SB018390.100 - 1546 - XXXX 3/27/2025 6:47 PM Vetoed and Overridden UNOFFICIAL COPY 25 RS SB 183/VO ii.
ii.
and vi.
and CHAPTER 115 7 vi.
For the exclusive purpose of providing benefits to members and beneficiaries and paying reasonable expenses of administering the Page 14 of 28 SB018390.100 - 1546 - XXXX 3/27/2025 6:47 PM Vetoed and Overridden UNOFFICIAL COPY 25 RS SB 183/VO system;
For the exclusive purpose of providing benefits to members and beneficiaries and paying reasonable expenses of administering the system;
Page 15 of 28 SB018390.100 - 1546 - XXXX 3/27/2025 6:47 PM Vetoed and Overridden UNOFFICIAL COPY 25 RS SB 183/VO i.
i.
All internal investment staff of the Kentucky Public Pensions Authority, and investment consultants shall adhere to the Code of Ethics and Standards of Professional Conduct, and all board trustees shall adhere to the Code of Conduct for Members of a Pension Scheme Governing Body.
All internal investment staff of the Kentucky Public Pensions Authority, and investment consultants shall adhere to the Code of Ethics and Standards of Professional Conduct, and all Legislative Research Commission PDF Version ACTS OF THE GENERAL ASSEMBLY board trustees shall adhere to the Code of Conduct for Members of a Pension Scheme Governing Body.
Proxy advisers and proxy voting services shall comply with all applicable provisions of the Investment Advisers Act of 1940, as amended, and the rules and regulations promulgated thereunder, and shall comply with all other federal statutes and related rules and Page 16 of 28 SB018390.100 - 1546 - XXXX 3/27/2025 6:47 PM Vetoed and Overridden UNOFFICIAL COPY 25 RS SB 183/VO regulations that apply to proxy advisers and proxy voting services.
Proxy advisers and proxy voting services shall comply with all applicable provisions of the Investment Advisers Act of 1940, as amended, and the rules and regulations promulgated thereunder, and shall comply with all other federal statutes and related rules and regulations that apply to proxy advisers and proxy voting services.
(a) The board shall consult with the secretary of the Finance and Administration Cabinet or his or her designee to develop an investment procurement policy, which shall be written to meet best practices in investment management Page 17 of 28 SB018390.100 - 1546 - XXXX 3/27/2025 6:47 PM Vetoed and Overridden UNOFFICIAL COPY 25 RS SB 183/VO procurement;
(a) The board shall consult with the secretary of the Finance and Administration Cabinet or his or her designee to develop an investment procurement policy, which shall be written to meet best practices in investment management procurement;
(c) All shares held by or on behalf of the system, and which the system is entitled to vote under state, federal, or common laws, shall be voted according to the Page 18 of 28 SB018390.100 - 1546 - XXXX 3/27/2025 6:47 PM Vetoed and Overridden UNOFFICIAL COPY 25 RS SB 183/VO proxy voting guidelines adopted by the board and subject to the fiduciary duties and other requirements of this section by:
CHAPTER 115 9 (c) All shares held by or on behalf of the system, and which the system is entitled to vote under state, federal, or common laws, shall be voted according to the proxy voting guidelines adopted by the board and subject to the fiduciary duties and other requirements of this section by:
The board may also Page 19 of 28 SB018390.100 - 1546 - XXXX 3/27/2025 6:47 PM Vetoed and Overridden UNOFFICIAL COPY 25 RS SB 183/VO employ qualified investment staff to advise it on investment matters and to invest and manage assets of the system not to exceed fifty percent (50%) of the system's assets.
The board may also employ qualified investment staff to advise it on investment matters and to invest and manage assets of the system not to exceed fifty percent (50%) of the system's assets.
Toward this end, the board shall develop procedures for informing the business community of the potential for in-state investments by the retirement fund, accepting and evaluating applications for the in-state investment of funds, and working with members of the business community in executing in- state investments which are consistent with the board's fiduciary responsibilities.
Toward this end, the board shall develop procedures for informing the business community of the potential for in-state investments by the retirement fund, accepting and evaluating applications for the in-state investment of funds, and working with members of the business community in executing in-state investments which are consistent with the board's fiduciary responsibilities.
The board shall include in the criteria it uses to evaluate in- Page 20 of 28 SB018390.100 - 1546 - XXXX 3/27/2025 6:47 PM Vetoed and Overridden UNOFFICIAL COPY 25 RS SB 183/VO state investments their potential for creating new employment opportunities and adding to the total job pool in Kentucky.
The board shall include in the criteria it uses to evaluate in-state investments their potential for creating new employment opportunities and adding to the total job pool in Kentucky.
The report shall include the number of applications for in-state investment received, the nature of the investments proposed, the amount requested, the amount invested, and the percentage of applications which resulted in investments.
The report shall include the number of applications for in-state investment received, the nature of the investments Legislative Research Commission PDF Version ACTS OF THE GENERAL ASSEMBLY proposed, the amount requested, the amount invested, and the percentage of applications which resulted in investments.
Shareholder-sponsored proposal" means a proposal by a shareholder Page 21 of 28 SB018390.100 - 1546 - XXXX 3/27/2025 6:47 PM Vetoed and Overridden UNOFFICIAL COPY 25 RS SB 183/VO included in the proxy statement of an issuer of securities pursuant to 17 C.F.R.
"Shareholder-sponsored proposal" means a proposal by a shareholder included in the proxy statement of an issuer of securities pursuant to 17 C.F.R.
"Economic analysis" means a written analysis of the economic impact of a shareholder-sponsored proposal, which shall include, at a minimum:
"Economic analysis" means a written analysis of the economic impact of a shareholder- sponsored proposal, which shall include, at a minimum:
Whether the board of directors of the issuer of securities opposes the shareholder-sponsored proposal and the stated reasons for the opposition;
Whether the board of directors of the issuer of securities opposes the shareholder- sponsored proposal and the stated reasons for the opposition;
Page 22 of 28 SB018390.100 - 1546 - XXXX 3/27/2025 6:47 PM Vetoed and Overridden UNOFFICIAL COPY 25 RS SB 183/VO (b) The board members, investment managers, investment consultants, or other fiduciaries, and proxy advisers shall discharge their duties with respect to the assets of the system solely in the interests of the active contributing members and annuitants and:
(b) The board members, investment managers, investment consultants, or other fiduciaries, and proxy advisers shall discharge their duties with respect to the assets of the system solely in the interests of the active contributing members and annuitants and:
(c) Evidence that a fiduciary has considered or acted on a nonpecuniary interest shall include but is not limited to:
CHAPTER 115 11 (c) Evidence that a fiduciary has considered or acted on a nonpecuniary interest shall include but is not limited to:
(d) When exercising or recommending a vote on a shareholder-sponsored proposal, a proxy adviser that has entered into an agreement or contracted Page 23 of 28 SB018390.100 - 1546 - XXXX 3/27/2025 6:47 PM Vetoed and Overridden UNOFFICIAL COPY 25 RS SB 183/VO with the board of trustees of the retirement system acts solely in the interest of the members and annuitants under this subsection if:
(d) When exercising or recommending a vote on a shareholder-sponsored proposal, a proxy adviser that has entered into an agreement or contracted with the board of trustees of the retirement system acts solely in the interest of the members and annuitants under this subsection if:
or Page 24 of 28 SB018390.100 - 1546 - XXXX 3/27/2025 6:47 PM Vetoed and Overridden UNOFFICIAL COPY 25 RS SB 183/VO 2.
or 2.
(6) Notwithstanding any other provision of KRS 161.220 to 161.716, no funds of the Teachers' Retirement System, including fees and commissions paid to an investment manager, private fund, or company issuing securities, who manages systems assets, shall be used to pay fees and commissions to placement agents.
Legislative Research Commission PDF Version ACTS OF THE GENERAL ASSEMBLY (6) Notwithstanding any other provision of KRS 161.220 to 161.716, no funds of the Teachers' Retirement System, including fees and commissions paid to an investment manager, private fund, or company issuing securities, who manages systems assets, shall be used to pay fees and commissions to placement agents.
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For purposes of this subsection, "placement agent" means a third-party individual, who Page 25 of 28 SB018390.100 - 1546 - XXXX 3/27/2025 6:47 PM Vetoed and Overridden UNOFFICIAL COPY 25 RS SB 183/VO is not an employee, or firm, wholly or partially owned by the entity being hired, who solicits investments on behalf of an investment manager, private fund, or company issuing securities.
For purposes of this subsection, "placement agent" means a third-party individual, who is not an employee, or firm, wholly or partially owned by the entity being hired, who solicits investments on behalf of an investment manager, private fund, or company issuing securities.
Page 26 of 28 SB018390.100 - 1546 - XXXX 3/27/2025 6:47 PM Vetoed and Overridden UNOFFICIAL COPY 25 RS SB 183/VO (8) (a) The board shall adopt written proxy voting guidelines which are consistent with the fiduciary duties and other requirements of this section.
(8) (a) The board shall adopt written proxy voting guidelines which are consistent with the fiduciary duties and other requirements of this section.
Page 27 of 28 SB018390.100 - 1546 - XXXX 3/27/2025 6:47 PM Vetoed and Overridden UNOFFICIAL COPY 25 RS SB 183/VO 5.
5.
Page 28 of 28 SB018390.100 - 1546 - XXXX 3/27/2025 6:47 PM Vetoed and Overridden
Veto Overridden March 27, 2025.
CHAPTER 115 13 Legislative Research Commission PDF Version
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Action History

  1. delivered to Secretary of State (Acts Ch. 115)

  2. enrolled, signed by Speaker of the House

  3. enrolled, signed by President of the Senate

  4. received in Senate

  5. passed 72-17

  6. veto overridden

  7. posted for consideration of Governor's veto

  8. taken from Rules

  9. to Rules (H)

  10. received in House

  11. passed 31-7

  12. veto overridden

  13. posted for passage for consideration of Governor's veto

  14. to Rules (S)

  15. received in Senate

  16. Vetoed

  17. delivered to Governor

  18. enrolled, signed by Speaker of the House

  19. enrolled, signed by President of the Senate

  20. received in Senate

  21. 3rd reading, passed 83-6

  22. placed in the Orders of the Day

  23. taken from Rules

  24. 2nd reading, to Rules

  25. reported favorably, 1st reading, to Calendar

  26. to Banking & Insurance (H)

  27. to Committee on Committees (H)

  28. received in House

  29. 3rd reading, passed 32-6 with Committee Substitute (1)

  30. posted for passage in the Regular Orders of the Day for Tuesday, March 04, 2025

  31. 2nd reading, to Rules

  32. reported favorably, 1st reading, to Calendar with Committee Substitute (1)

  33. to State & Local Government (S)

  34. to Committee on Committees (S)

  35. introduced in Senate

Sponsorship breakdown

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0 sponsors · 0 co-sponsors · 138 not signed on · 22 voted No

Sponsors (0)

None.

Co-sponsors (0)

None.

Not signed on (138)

138 members have not signed on to this bill.

Show all 138 →

"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

Votes

Override Veto Final Passage SB 183

Passed 31 Yea · 7 Nay
Party YeaNayPresentNot Voting
Republican 31100
Democrat 0400
Unaffiliated 0200
Total 31700
% of votes cast 82%18%0%0%
How each member voted (38)
Member Party Vote
Yates — Nay
ChambersArmstrong — Nay
Gerald A. Neal Democrat Nay
Karen Berg Democrat Nay
Keturah J. Herron Democrat Nay
Reginald L. Thomas Democrat Nay
Aaron Reed Republican Yea
Amanda Mays Bledsoe Republican Yea
Brandon J. Storm Republican Yea
Brandon Smith Republican Yea
Christian McDaniel Republican Yea
Craig Richardson Republican Yea
Danny Carroll Republican Yea
David P. Givens Republican Yea
Donald Douglas Republican Yea
Gary Boswell Republican Yea
Gex Williams Republican Yea
Greg Elkins Republican Yea
Jared Carpenter Republican Yea
Jason Howell Republican Yea
Jimmy Higdon Republican Yea
Julie Raque Adams Republican Yea
Lindsey Tichenor Republican Yea
Matt Nunn Republican Yea
Matthew Deneen Republican Yea
Max Wise Republican Yea
Michael J. Nemes Republican Yea
Mike Wilson Republican Yea
Phillip Wheeler Republican Yea
Rick Girdler Republican Yea
Robby Mills Republican Yea
Robert Stivers Republican Yea
Robin L. Webb Republican Nay
Scott Madon Republican Yea
Shelley Funke Frommeyer Republican Yea
Stephen Meredith Republican Yea
Stephen West Republican Yea
Steve Rawlings Republican Yea

Official roll call →

Final Passage

Passed 72 Yea · 17 Nay · 11 Other
Party YeaNayPresentNot Voting
Republican 66008
Unaffiliated 5100
Democrat 11603
Total 7217011
% of votes cast 72%17%0%11%
How each member voted (100)
Member Party Vote
Huff T — Yea
Bratcher S. — Yea
Lewis — Yea
Lewis D — Yea
Lewis S — Yea
Stevenson P — Nay
Adam Moore Democrat Not Voting
Adrielle Camuel Democrat Nay
Al Gentry Democrat Nay
Anne Gay Donworth Democrat Nay
Ashley Tackett Laferty Democrat Nay
Beverly Chester-Burton Democrat Not Voting
Chad Aull Democrat Nay
Daniel Grossberg Democrat Nay
Erika Hancock Democrat Nay
George Brown Jr. Democrat Nay
Joshua Watkins Democrat Nay
Lindsey Burke Democrat Nay
Lisa Willner Democrat Nay
Mary Lou Marzian Democrat Not Voting
Matthew Lehman Democrat Nay
Nima Kulkarni Democrat Nay
Rachel Roarx Democrat Nay
Reginald L. Thomas Democrat Yea
Sarah Stalker Democrat Nay
Tina Bojanowski Democrat Nay
Aaron Thompson Republican Yea
Adam Bowling Republican Yea
Amy Neighbors Republican Yea
Bill Wesley Republican Yea
Bobby McCool Republican Yea
Brandon Smith Republican Yea
Candy Massaroni Republican Yea
Chris Freeland Republican Yea
Chris Fugate Republican Yea
DJ Johnson Republican Yea
Daniel Elliott Republican Yea
Daniel Fister Republican Yea
David Hale Republican Yea
David Meade Republican Yea
David W. Osborne Republican Yea
Deanna Gordon Republican Yea
Emily Callaway Republican Yea
Felicia Rabourn Republican Not Voting
Gex Williams Republican Yea
J.T. Payne Republican Yea
James Tipton Republican Yea
Jared Bauman Republican Yea
Jason Petrie Republican Yea
Jennifer Decker Republican Yea
Jim Gooch Jr. Republican Not Voting
John Blanton Republican Yea
John Hodgson Republican Yea
Josh Branscum Republican Yea
Josh Bray Republican Yea
Josh Calloway Republican Yea
Ken Fleming Republican Yea
Ken Upchurch Republican Yea
Kevin Jackson Republican Yea
Kim Banta Republican Yea
Kim Holloway Republican Yea
Kim King Republican Yea
Kimberly Poore Moser Republican Yea
Marianne Proctor Republican Yea
Mark Hart Republican Not Voting
Mary Beth Imes Republican Yea
Matt Lockett Republican Yea
Matthew Koch Republican Yea
Michael J. Nemes Republican Yea
Michael Sarge Pollock Republican Yea
Mike Clines Republican Not Voting
Mike Wilson Republican Yea
Mitch Whitaker Republican Yea
Myron Dossett Republican Yea
Nancy Tate Republican Yea
Patrick Flannery Republican Yea
Peyton Griffee Republican Yea
Randy Bridges Republican Yea
Rebecca Raymer Republican Yea
Richard White Republican Yea
Robert Duvall Republican Yea
Ryan Bivens Republican Yea
Ryan Dotson Republican Yea
Samara Heavrin Republican Yea
Savannah Maddox Republican Not Voting
Scott Sharp Republican Yea
Shane Baker Republican Yea
Shawn McPherson Republican Yea
Stephanie Dietz Republican Not Voting
Stephen Meredith Republican Not Voting
Steve Riley Republican Yea
Steven Doan Republican Not Voting
Steven Rudy Republican Yea
Susan Witten Republican Yea
Suzanne Miles Republican Yea
T.J. Roberts Republican Yea
Timmy Truett Republican Yea
Tony Hampton Republican Yea
Vanessa Grossl Republican Yea
William Lawrence Republican Yea

Official roll call →

Final Passage

Passed 83 Yea · 6 Nay · 11 Other
Party YeaNayPresentNot Voting
Democrat 10505
Republican 69005
Unaffiliated 4101
Total 836011
% of votes cast 83%6%0%11%
How each member voted (100)
Member Party Vote
Huff T — Yea
Bratcher S. — Yea
Lewis — Yea
Lewis D — Yea
Stevenson P — Nay
Lewis S — Not Voting
Adam Moore Democrat Yea
Adrielle Camuel Democrat Yea
Al Gentry Democrat Nay
Anne Gay Donworth Democrat Yea
Ashley Tackett Laferty Democrat Not Voting
Beverly Chester-Burton Democrat Not Voting
Chad Aull Democrat Yea
Daniel Grossberg Democrat Not Voting
Erika Hancock Democrat Yea
George Brown Jr. Democrat Yea
Joshua Watkins Democrat Yea
Lindsey Burke Democrat Nay
Lisa Willner Democrat Nay
Mary Lou Marzian Democrat Nay
Matthew Lehman Democrat Nay
Nima Kulkarni Democrat Not Voting
Rachel Roarx Democrat Not Voting
Reginald L. Thomas Democrat Yea
Sarah Stalker Democrat Yea
Tina Bojanowski Democrat Yea
Aaron Thompson Republican Yea
Adam Bowling Republican Yea
Amy Neighbors Republican Yea
Bill Wesley Republican Yea
Bobby McCool Republican Not Voting
Brandon Smith Republican Yea
Candy Massaroni Republican Yea
Chris Freeland Republican Yea
Chris Fugate Republican Not Voting
DJ Johnson Republican Yea
Daniel Elliott Republican Yea
Daniel Fister Republican Yea
David Hale Republican Yea
David Meade Republican Yea
David W. Osborne Republican Yea
Deanna Gordon Republican Yea
Emily Callaway Republican Yea
Felicia Rabourn Republican Yea
Gex Williams Republican Yea
J.T. Payne Republican Yea
James Tipton Republican Yea
Jared Bauman Republican Not Voting
Jason Petrie Republican Yea
Jennifer Decker Republican Yea
Jim Gooch Jr. Republican Yea
John Blanton Republican Yea
John Hodgson Republican Yea
Josh Branscum Republican Yea
Josh Bray Republican Yea
Josh Calloway Republican Yea
Ken Fleming Republican Yea
Ken Upchurch Republican Yea
Kevin Jackson Republican Yea
Kim Banta Republican Yea
Kim Holloway Republican Yea
Kim King Republican Yea
Kimberly Poore Moser Republican Yea
Marianne Proctor Republican Yea
Mark Hart Republican Not Voting
Mary Beth Imes Republican Yea
Matt Lockett Republican Yea
Matthew Koch Republican Yea
Michael J. Nemes Republican Yea
Michael Sarge Pollock Republican Yea
Mike Clines Republican Yea
Mike Wilson Republican Yea
Mitch Whitaker Republican Yea
Myron Dossett Republican Yea
Nancy Tate Republican Yea
Patrick Flannery Republican Yea
Peyton Griffee Republican Yea
Randy Bridges Republican Not Voting
Rebecca Raymer Republican Yea
Richard White Republican Yea
Robert Duvall Republican Yea
Ryan Bivens Republican Yea
Ryan Dotson Republican Yea
Samara Heavrin Republican Yea
Savannah Maddox Republican Yea
Scott Sharp Republican Yea
Shane Baker Republican Yea
Shawn McPherson Republican Yea
Stephanie Dietz Republican Yea
Stephen Meredith Republican Yea
Steve Riley Republican Yea
Steven Doan Republican Yea
Steven Rudy Republican Yea
Susan Witten Republican Yea
Suzanne Miles Republican Yea
T.J. Roberts Republican Yea
Timmy Truett Republican Yea
Tony Hampton Republican Yea
Vanessa Grossl Republican Yea
William Lawrence Republican Yea

Official roll call →

PASS SB 183 W/ scs1

Passed 32 Yea · 6 Nay
Party YeaNayPresentNot Voting
Republican 32000
Democrat 0400
Unaffiliated 0200
Total 32600
% of votes cast 84%16%0%0%
How each member voted (38)
Member Party Vote
Yates — Nay
ChambersArmstrong — Nay
Gerald A. Neal Democrat Nay
Karen Berg Democrat Nay
Keturah J. Herron Democrat Nay
Reginald L. Thomas Democrat Nay
Aaron Reed Republican Yea
Amanda Mays Bledsoe Republican Yea
Brandon J. Storm Republican Yea
Brandon Smith Republican Yea
Christian McDaniel Republican Yea
Craig Richardson Republican Yea
Danny Carroll Republican Yea
David P. Givens Republican Yea
Donald Douglas Republican Yea
Gary Boswell Republican Yea
Gex Williams Republican Yea
Greg Elkins Republican Yea
Jared Carpenter Republican Yea
Jason Howell Republican Yea
Jimmy Higdon Republican Yea
Julie Raque Adams Republican Yea
Lindsey Tichenor Republican Yea
Matt Nunn Republican Yea
Matthew Deneen Republican Yea
Max Wise Republican Yea
Michael J. Nemes Republican Yea
Mike Wilson Republican Yea
Phillip Wheeler Republican Yea
Rick Girdler Republican Yea
Robby Mills Republican Yea
Robert Stivers Republican Yea
Robin L. Webb Republican Yea
Scott Madon Republican Yea
Shelley Funke Frommeyer Republican Yea
Stephen Meredith Republican Yea
Stephen West Republican Yea
Steve Rawlings Republican Yea

Official roll call →

Subjects

finance
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Frequently asked questions

What does SB 183 do?
Amend KRS 21.450, 61.650, 78.790, and 161.430 relating to the fiduciary duties owed to the state-administered retirement systems to define "shareholder-sponsored proposal" and "economic analysis"; require a proxy adviser under contract with a state-administered retirement system to conduct and document an economic analysis prior to voting on or recommending a vote on a shareholder-sponsored proposal that is inconsistent with the recommendation of the board of directors of the issuer of shares in order to demonstrate that a vote against management's recommendation is solely in the interest of the retirement plan members and beneficiaries; make technical corrections.
What is the current status of SB 183?
This bill has been enacted into law. Introduced February 14, 2025. Enacted.
Where can I track SB 183?
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