Raised S.B. No. 1557
Session Year 2025
 

AN ACT ESTABLISHING THE INVESTMENT BOARD AND CONCERNING INDEPENDENT REVIEW OF THE INVESTMENT PERFORMANCE OF THE STATE'S PENSION FUNDS.

To (1) establish the Investment Board and sunset the Investment Advisory Council, and (2) require the Office of Legislative Management to issue a request for proposals for an advisory firm to conduct an independent review of the investment performance of the state's pension funds relative to peer states' investment performances and submit a report of such review on an annual basis.

Introduced by:
Finance, Revenue and Bonding Committee
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   Text of Bill
 Raised Bill  [doc]
   Committee Actions
 FIN Vote Tally Sheet (MOTION FAILED)
Public Hearing Testimony  

Co-sponsors for Amendment LCO:

Bill History

 Date Action Taken
 4/24/2025(FIN)Motion Failed JF
 4/10/2025Public Hearing 04/14
 4/9/2025Referred to Joint Committee on Finance, Revenue and Bonding

Co-sponsors of SB-1557

Sen. Ryan Fazio, 36th Dist.

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