HB2782ham001 103RD GENERAL ASSEMBLY

Rep. Ann M. Williams

Filed: 3/16/2023

10300HB2782ham001 LRB103 30690 DTM 59161 a

AMENDMENT TO HOUSE BILL 2782

AMENDMENT NO. ______. Amend House Bill 2782 on page 5 by replacing lines 9 through 26 with the following:

"(e) Beginning January 1, 2024, investment managers shall disclose, prior to the award of a contract, a description of any process through which the manager prudently integrates the sustainability factors described in subsection (b) into their investment decision-making, investment analysis, portfolio construction, due diligence, and investment ownership in order to maximize anticipated risk-adjusted financial returns, identify projected risk, and execute the manager's fiduciary duties. Investment managers shall provide this disclosure to each public agency, pension fund, retirement system, or governmental unit for whom the investment manager is seeking selection as a fiduciary before acting in this official capacity.".