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Anti-ESG bill clears financial panel with new $5.5 million price tag
A substantially altered bill cracking down on Indiana’s public pensions and external investment managers cleared a key financial panel Tuesday — with a new projected fiscal impact of $5.5 million over the next decade. That’s much less than a previous $6.7 billion estimate, though Democrats still weren’t appeased. House Bill 1008 seeks to block the […]
Indiana plunges in national conservative rankings
Indiana lawmakers are apparently getting less conservative. That’s what the Center for Legislative Accountability found in an analysis of over 265,000 individual votes across 3,500 different bills introduced across the 50 state legislatures. The voting of Indiana’s state lawmakers trended much more liberal last year, dropping the state from No. 3 to No. 20 in […]
Anti-ESG pension bill’s high price tag prompts concern for governor, top lawmakers
Indiana’s top government leaders said this week they are concerned about the potential multi-billion-dollar impact of a public pension bill intended to crack down on the environmental, social and governmental framework known as ESG investing. And senators are pointing to their less-stringent alternative as House lawmakers scramble to “tighten it up.” “Intent, and where that […]
Anti-ESG pension bill could drop state pension returns $6.7 billion in next decade
A bill mandating that Indiana’s public pension system divest from firms or funds that use certain non-financial investment criteria — a flashpoint in the state’s culture wars — could slash the system’s returns by nearly $7 billion over the next decade, according to a revised fiscal analysis. Author Rep. Ethan Manning, R-Logansport, and supporters say […]
Bill requiring public retirement system to divest from ESG-following firms passes committee
A House committee on Thursday approved a bill requiring the state’s public pension system to divest from and terminate business relationships with firms or funds that use non-financial “ESG” factors in decisions, such boycotting gun manufacturers and fossil fuel companies. The prohibition is part of a GOP effort to crack down on the environmental, social […]
Indiana House Republicans say education, health care costs are top-of-list in 2023 session
Indiana House Republicans will rally behind a collection of bills in the 2023 session that emphasize fiscal responsibility, expand Hoosiers’ access to health care and increase work-based learning and school choice programs. The House GOP are also calling special focus to a bill that seeks to authorize child support for pregnant women. House Speaker Todd […]
Momentum grows for legal iGaming
The gaming industry and some Indiana lawmakers want to bring casinos and lotteries straight to your phone in the upcoming legislative session. After two years of failure, legal iGaming is gaining momentum with some key lawmakers holding out. But the prospect brings other complications, like how lawmakers will tax the burgeoning product, problem gambling support […]
House Republicans take aim at ESG investing
House Republican leadership appears poised to dive into culture war issues again when session starts in January, setting a target on ESG investing – or environmental-, social and government-focused investing – within the Indiana Public Retirement System (INPRS). House Speaker Todd Huston, R-Fishers, declined to comment on the topic for this article but felt strongly […]
House announces 2023 committee chairs
House Speaker Todd Huston on Friday released the list of Republican chairs leading the chamber’s committees for 2023, including a few newly appointment members following a slew of representative retirements last year. Eight committees will have new leaders in the upcoming session, not including one committee – Insurance and Financial Institutions – that will be […]