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Glossary of Legislative Terms

CS/SB 302: Government and Corporate Activism

GENERAL BILL by Banking and Insurance ; Grall

Government and Corporate Activism; Requiring that investment decisions comply with a specified requirement related to the consideration of pecuniary factors; requiring the Department of Management Services to report certain noncompliance to the Attorney General; requiring that certain noncompliance be reported to the Attorney General, who is authorized to bring certain civil or administrative actions; prohibiting bond issuers from issuing environmental, social, and governance bonds and taking other related actions; prohibiting an awarding body from requesting certain documentation or giving preference to vendors based on their social, political, or ideological interests, etc.

Effective Date: 7/1/2023
 Last Action: 4/18/2023 Senate - Laid on Table, companion bill(s) passed, see CS/CS/HB 3 (Ch. 2023-28) -SJ 419
Bill Text: Web Page | PDF
Senate Committee References:
  1. Banking and Insurance (BI)
  2. Fiscal Policy (FP)

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  • Bill History

    Date Chamber Action
    3/3/2023 Senate • Filed
    3/6/2023 Senate • Referred to Banking and Insurance; Fiscal Policy
    3/7/2023 Senate • Introduced
    3/24/2023 Senate • On Committee agenda-- Banking and Insurance, 03/29/23, 8:30 am, 412 Knott Building
    3/29/2023 Senate • CS by Banking and Insurance; YEAS 8 NAYS 3
    3/31/2023 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
    • Now in Fiscal Policy
    • CS by Banking and Insurance read 1st time
    4/10/2023 Senate • On Committee agenda-- Fiscal Policy, 04/13/23, 10:30 am, 412 Knott Building
    4/13/2023 Senate • Favorable by- Fiscal Policy; YEAS 13 NAYS 6
    • Placed on Calendar, on 2nd reading
    • Placed on Special Order Calendar, 04/18/23
    4/18/2023 Senate • Read 2nd time -SJ 417
    • Substituted CS/CS/HB 3 -SJ 419
    • Laid on Table, companion bill(s) passed, see CS/CS/HB 3 (Ch. 2023-28) -SJ 419

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  • CS/SB 302, Committee Substitute 1 (Current Bill Version) Posted 3/31/2023 at 8:56 AM

    Bill Text:   Web Page | PDF
    Analyses:   Fiscal Policy (Pre-Meeting) 4/12/2023 (pdf)
    Fiscal Policy (Post-Meeting) 4/13/2023 (pdf)

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 3 (er) Government and Corporate Activism Commerce Committee Identical Last Action: 5/2/2023 Chapter No. 2023-28 Track This Bill

    Committee Votes (1)

    Date Committee Result
    4/13/2023 10:30 AM Fiscal Policy 13 Yeas - 6 Nays

    Citations - Statutes (28)

    Citation Catchline Location in Bill Location In Bill Help
    17.57 Deposits and investments of state money. Page 7 (pdf)
    17.61 Chief Financial Officer; powers and duties in the investment of certain funds. Page 43 (pdf)
    20.058 Citizen support and direct-support organizations. Page 8 (pdf)
    112.656 Fiduciary duties; certain officials included as fiduciaries. Page 9 (pdf)
    112.661 Investment policies. Page 9 (pdf)
    112.662 Page 10 (pdf)
    175.071 General powers and duties of board of trustees. Page 12 (pdf)
    185.06 General powers and duties of board of trustees. Page 15 (pdf)
    215.44 Board of Administration; powers and duties in relation to investment of trust funds. Page 44 (pdf)
    215.47 Investments; authorized securities; loan of securities. Page 18 (pdf)
    215.475 Investment policy statement. Page 19 (pdf)
    215.4755 Certification and disclosure requirements for investment advisers and managers. Page 20 (pdf)
    215.681 Page 21 (pdf)
    215.855 Page 24 (pdf)
    218.415 Local government investment policies. Page 25 (pdf)
    280.02 Definitions. Page 27 (pdf)
    280.025 Page 29 (pdf)
    280.05 Powers and duties of the Chief Financial Officer. Page 29 (pdf)
    280.051 Grounds for suspension or disqualification of a qualified public depository. Page 31 (pdf)
    280.054 Administrative penalty in lieu of suspension or disqualification. Page 32 (pdf)
    280.055 Cease and desist order; corrective order; administrative penalty. Page 32 (pdf)
    287.05701 Page 33 (pdf)
    516.037 Page 34 (pdf)
    560.1115 Page 36 (pdf)
    560.114 Disciplinary actions; penalties. Page 39 (pdf)
    655.005 Definitions. Page 39 (pdf)
    655.0323 Page 40 (pdf)
    1010.04 Purchasing. Page 43 (pdf)

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  • SB 302, Original Filed Version Posted 3/3/2023 at 10:45 AM

    Bill Text:   Web Page | PDF
    Analyses:   Banking and Insurance (Pre-Meeting) 3/27/2023 (pdf)
    Banking and Insurance (Post-Meeting) 3/30/2023 (pdf)

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 3 (c2) Government and Corporate Activism Commerce Committee Similar Last Action: 5/2/2023 Chapter No. 2023-28 Track This Bill

    Committee Amendments (1)

    Amendment Sponsor Filed Last Committee Action Format
    659616 - Amendment (Delete All)
    Delete everything after the enacting clause and insert:     		Banking and Insurance
    (Grall)     		3/27/2023
    6:22 PM     		Replaced by Committee Substitute
    3/30/2023     		Web Page
    PDF

    Committee Votes (1)

    Date Committee Result
    3/29/2023 8:30 AM Banking and Insurance 8 Yeas - 3 Nays

    Citations - Statutes (28)

    Citation Catchline Location in Bill Location In Bill Help
    17.57 Deposits and investments of state money. Page 7 (pdf)
    17.61 Chief Financial Officer; powers and duties in the investment of certain funds. Page 43 (pdf)
    20.058 Citizen support and direct-support organizations. Page 8 (pdf)
    112.656 Fiduciary duties; certain officials included as fiduciaries. Page 9 (pdf)
    112.661 Investment policies. Page 9 (pdf)
    112.662 Page 10 (pdf)
    175.071 General powers and duties of board of trustees. Page 12 (pdf)
    185.06 General powers and duties of board of trustees. Page 15 (pdf)
    215.44 Board of Administration; powers and duties in relation to investment of trust funds. Page 44 (pdf)
    215.47 Investments; authorized securities; loan of securities. Page 17 (pdf)
    215.475 Investment policy statement. Page 19 (pdf)
    215.4755 Certification and disclosure requirements for investment advisers and managers. Page 19 (pdf)
    215.681 Page 20 (pdf)
    215.855 Page 23 (pdf)
    218.415 Local government investment policies. Page 25 (pdf)
    280.02 Definitions. Page 28 (pdf)
    280.025 Page 29 (pdf)
    280.05 Powers and duties of the Chief Financial Officer. Page 29 (pdf)
    280.051 Grounds for suspension or disqualification of a qualified public depository. Page 31 (pdf)
    280.054 Administrative penalty in lieu of suspension or disqualification. Page 31 (pdf)
    280.055 Cease and desist order; corrective order; administrative penalty. Page 32 (pdf)
    287.05701 Page 33 (pdf)
    516.037 Page 33 (pdf)
    560.1115 Page 36 (pdf)
    560.114 Disciplinary actions; penalties. Page 38 (pdf)
    655.005 Definitions. Page 39 (pdf)
    655.0323 Page 39 (pdf)
    1010.04 Purchasing. Page 42 (pdf)

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