Virginia House Bill 388 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 8 2024 - 25% progression
Action: 2024-01-31 - Stricken from docket by Appropriations (22-Y 0-N)
Text: Latest bill text (Prefiled) [HTML]

Virginia Retirement System; investments; diversity, equity, and inclusion investing restricted. Provides that unless the Board of Trustees of the Virginia Retirement System can demonstrate that a social investment, defined in the bill, would provide a superior rate of return compared to a similar investment that is not a social investment with a similar time horizon and risk, neither the Board nor any external fiduciary utilized by the Board may invest or make recommendations regarding state funds for the purpose of social investment on or after July 1, 2024.

Virginia Retirement System; investments, diversity, equity, and inclusion investing restricted.

Del. Tim Griffin [R]

2024-01-31 - House - House: Stricken from docket by Appropriations (22-Y 0-N) (Y: 22 N: 0 NV: 0 Abs: 0) [PASS]
2024-01-29 - House - House: Subcommittee recommends striking from docket (8-Y 0-N) (Y: 8 N: 0 NV: 0 Abs: 1) [PASS]

Date	Chamber	Action
2024-01-31	House	Stricken from docket by Appropriations (22-Y 0-N)
2024-01-29	House	Subcommittee recommends striking from docket (8-Y 0-N)
2024-01-17	House	Assigned App. sub: Compensation and Retirement
2024-01-08	House	Referred to Committee on Appropriations
2024-01-08	House	Prefiled and ordered printed; offered 01/10/24 24103471D

Chapter	Article	Section	Citation Type	Statute Text
51	1	124.30	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?241+sum+HB388
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+HB388+hil
Supplement	https://lis.virginia.gov/cgi-bin/legp604.exe?241+oth+HB388F158+PDF
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?241+vot+H0202V0002+HB0388
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?241+vot+H02V0039+HB0388