Ronald Ryckman, Sr. voted Yea (Passage) on this Legislation.
Title: Prohibits State Investment of Public Funds for ESG Investments
Vote to pass a bill that prohibits investment with public funds for Environmental, Social, or Governance purposes.
Establishes the Kansas Public Investments and Contracts Protection Act (Sec. 1).
Prohibits the state or a political subdivision from giving preferential treatment to companies based on Environmental, Social, and Governance criteria or discriminating against them based on said criteria (Sec. 1).
Requires fiduciary agents of the Kansas Public Employees Retirement System to act exclusively in the financial interest of participants and beneficiaries of the system (Sec. 1).
Prohibits state agencies from adopting environmental, social, and governance criteria for requiring businesses to work in accordance with such criteria (Sec. 1).
Requires investment advisors to provide an environment, social, and governance criteria notices to clients (Sec. 1).
Requires the legislative research department to develop and maintain an ESG disclosure web page (Sec. 1).
Title: Prohibits State Investment of Public Funds for ESG Investments