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S 7240 New York Senate · 2025 Regular Session

Prohibits the comptroller from using environment, social, and governance criteria when investing the state pension fund

Summary
Prohibits the comptroller from using environment, social, and governance criteria as a screening method for selecting companies and funds to invest the state pension fund in.
Issues: ✗ EnergyOpposes EnergyProhibits ESG criteria, preventing pension fund investments in renewable energy infrastructure and weakening clean energy development efforts.85% confidence ✗ EnvironmentOpposes EnvironmentProhibits using environmental criteria in pension investments, removing a mechanism to support eco-friendly companies and weaken environmental protections in state fund allocations.95% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Apr 2025
Committee Review
Floor Vote
Governor
Introduced Apr 7, 2025 Last action Jan 7, 2026
Floor votes

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Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
2
Jan 7, 2026
Committee
REFERRED TO CIVIL SERVICE AND PENSIONS
upper
Apr 7, 2025
Committee
REFERRED TO CIVIL SERVICE AND PENSIONS
upper
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Andrew Lanza
Andrew Lanza
RRepublican/Conservative/Independence/Reform
NY
24