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Key Votes

HB 993 - Requires Risk Management in the Investment of System Assets - Maryland Key Vote

Charles Otto voted Nay (Concurrence Vote) on this Legislation.

Read statements Charles Otto made in this general time period.

Timeline

Issues Related to HB 993

Stage Details

Legislation - Signed (Executive) -

Title: Requires Risk Management in the Investment of System Assets

Legislation - Concurrence Vote Passed (House) (92-44) - (Key vote)
See How Your Politicians Voted

Title: Requires Risk Management in the Investment of System Assets

Vote Result
Yea Votes
Nay Votes
Vote Smart's Synopsis:

Vote to pass a bill that requires the Board of Trustees of the SRPS to manage risk in the investment of system assets.

Highlights:

 

  • Requires the Board of Trustees shall include policies in the investment policy manual regarding the management of risk, including climate risks in the investment of system assets (Sec. 1).

  • Requires the Board of Trustees to submit a report on the risk assessment of the several systems, including climate risk, to the general assembly every year on or before January 31 starting in 2019 (Sec. 1).

Legislation - Bill Passed With Amendment (Senate) (44-0) -

Title: Requires Risk Management in the Investment of System Assets

Legislation - Bill Passed (House) (90-48) -

Title: Requires Risk Management in the Investment of System Assets

Legislation - Introduced (House) -

Title: Requires Risk Management in the Investment of System Assets

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