“We are encouraged by the General Assembly’s willingness to help with the fight against woke investment managers that fail to fulfill their fiduciary duty. House Bill 1008 punches ahead to protect our state’s investments by codifying INPRS’s policy of always placing financial returns above the ever-changing whims of climate change activists and leftist corporate policies.
This bill still needs real legal teeth to hold any bite against the massive asset managers who handle a majority of the world’s wealth. It requires a real law enforcement mechanism which takes advantage of the court system and reinforces the full applicability of our consumer and anti-trust laws to the bill’s language. We are actively battling to protect investors against ESG practices and policies, including three investigations into the three largest managers – BlackRock, Vanguard and State Street.”
