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SB 459

Revise laws related to investments made by the board of investments

2025 Regular Session Introduced by Ken Bogner

Montana bill to revise state board of investments laws died in committee after missing 2025 session deadline without advancing.

(S) Died in Process
#financialinstitutions(seealso:credittransactions)
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Bill Summary · SB 459

Legislative bill overview

SB 459 sought to revise Montana's laws governing how the state's board of investments operates and makes investment decisions. The bill died in the legislative process after being tabled in committee and missing the deadline for general bill transmittal during the 2025 session.

Why is this important

The board of investments manages state funds including retirement accounts, educational endowments, and other public assets worth potentially billions of dollars. Changes to investment authority and procedures could affect fund performance, beneficiary returns, and how public money is deployed across the state's economy.

Potential points of contention

  • Scope of investment authority: The bill likely contained proposals to expand, restrict, or redirect what types of investments the board can make, which could conflict with fiduciary duty concerns or ideological preferences about where public money should be invested
  • Board composition or oversight: Changes to board membership, reporting requirements, or legislative oversight could shift power between the executive branch and legislature
  • Insufficient public information: The limited details available suggest the bill may have lacked clear justification or generated insufficient stakeholder buy-in to advance through committee

Compiled from official sources — confirm details with the bill’s official record.

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