Regulation
Proposed Massachusetts Endowment Tax to Hit Harvard, MIT, 11 Other Schools
The 2.5% excise tax would target private institutions in the state with endowments of at least $1 billion.
Tag: Bill
Regulation
Bill to Protect Older Investors Against Scams Passes House
The proposed legislation would create a senior investor task force within the SEC.
Asset Allocation
DeSantis Signs Florida Anti-ESG Bill Into Law
Governor hopes to provide a ‘blueprint’ for other states looking to prohibit sustainable investing.
Regulation
Kansas Governor Allows Anti-ESG Bill to Become Law
Laura Kelly neither vetoes nor signs bill, permitting its implementation despite ‘reservations about the potential unforeseen consequences.’
Regulation
Canada Passes Pension Bankruptcy Protection Bill
Bill will make plan members top priority when a company becomes insolvent.
Asset Allocation
Anti-ESG Bills Progressing in Kansas, South Carolina Legislatures
The Kansas bill, which has reached the governor, would reduce the state pension by $3.6 billion and cut its funded level by 10%, a fiscal analysis says.
Regulation
Connecticut Bill Would Allow Cities to Tax Private College Endowments
Yale’s $41.4 billion endowment could be targeted by the city of New Haven if the proposed legislation passes.
Pensions
Alaska Bill Seeks to Revive Defined Benefit Pension
Bipartisan legislation is intended to attract workers to fill state job vacancies.
Newsmakers
Bill Calls for Oregon to Divest From Fossil Fuels
State treasurer Tobias Read says the proposed legislation would lead to lower returns and higher employer contribution rates.
Pensions
Bipartisan Bill Aims to Restore Delphi Retirees’ Pension
Representatives reintroduce the Susan Muffley Act, which stalled in the Senate last year.
House Passes Securing a Strong Retirement Act
Bill would require 401(k) and 403(b) plans to automatically enroll eligible participants.
Regulation
Idaho Bills Aim to Curb Public ESG Investing
Legislation identifies sustainable investing as being among ‘disfavored state investments.’
Asset Allocation
Proposed Bill Would Require CalPERS, CalSTRS to Divest Fossil Fuels
The pension giants would have to sell off more than $9 billion combined in assets by 2027.
Asset Management Culture
Lawmakers Propose Portable Retirement Accounts Bill
The PRIA Act is intended to help Americans avoid losing retirement funds when changing jobs.
Pensions
House Considers Auto-Enrollment Legislation
The proposed bill would require nearly all US companies to enroll workers in a retirement plan.