Bill
SJ 11
Overview: SJ 11, "Supporting anti-ESG litigation", was introduced in the Senate on January 9, 2025 and has died in the House Committee, where it was returned pursuant to House Rule
Overview: SJ 11, "Supporting anti-ESG litigation", was introduced in the Senate on January 9, 2025 and has died in the House Committee, where it was returned pursuant to House Rule 5-4.
Purpose and Intent: The bill expresses the legislature's support for legal action against the use of environmental, social, and governance (ESG) factors in investment and financial decision-making. The goal is to oppose what the legislature perceives as the politicization of investment practices and the potential negative impacts on the state's economy and businesses.
Key Provisions:
- Declares the legislature's opposition to the consideration of ESG factors in investment decisions
- Directs the state's attorney general to join or support any lawsuits challenging the use of ESG criteria
- Prohibits state pension funds and other public investment vehicles from considering ESG factors
Affected Parties and Impacts: The bill would primarily impact the state's financial and investment sectors, including asset managers, pension funds, and businesses that may be subject to ESG-related policies or requirements. It could also have broader economic implications if it leads to changes in investment practices or legal challenges.
Procedural and Timeline Considerations: The bill has died in the House Committee, where it was returned pursuant to House Rule 5-4. This means the committee has decided not to take further action on the bill, and it will not be considered for passage in the current legislative session. The bill would need to be reintroduced in a future session to be reconsidered.
Compiled from official sources — confirm details with the bill’s official record.
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