AN ACT REQUIRING NEUTRALITY AND TRANSPARENCY IN DECISIONS INVOLVING THE INVESTMENT OF PUBLIC FUNDS.

SB 1092 requires state fiduciaries managing public funds (like pensions and investments) to consider only financial factors, banning the use of environmental, social, or governance (ESG) criteria in decisions. It prohibits state contracts or investments in companies that discriminate against industries and mandates full transparency about investment policies from state boards. The bill also bans social credit scoring by banks and empowers attorneys general to investigate ESG-related practices in retirement funds. It directly affects state investment boards, pension funds, and government agencies handling public money, aiming to protect state finances from non-financial influences.