New York S07240 prohibits the comptroller from using environmental, social, and governance criteria when investing the state pension fund.
New York S07240 amends the retirement and social security law by adding a new subdivision to section 177. This amendment prohibits the trustee or trustees of the state pension fund from using environmental, social, and governance criteria as a screening method for selecting companies and funds to invest in. The act takes effect immediately upon enactment.
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