AN ACT relating to consumer protection in financial transactions.

Create a new section of KRS Chapter 292 to define terms; require broker-dealers, agents, investment advisers, and investment adviser representatives to disclose, and obtain the written consent of the customer and client for, the incorporation of a socially responsible criteria or other nonfinancial objective into discretionary investment decisions to buy or sell a security or commodity, recommendations or solicitations for the purchase or sale of a security or commodity, and the selection or recommendation, or advice regarding the selection, of a third-party manager or subadviser; establish requirements for the disclosures and written consent.