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Key Votes

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

Robbyn Lewis Did Not Vote on this Legislation.

Read statements Robbyn Lewis 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)
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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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