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New Hampshire bills could prohibit ESG investing in public funds (2024)
| Environmental, social, and corporate governance |
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| • What is ESG? • Enacted ESG legislation • Arguments for and against ESG • Opposition to ESG • Federal ESG rules • ESG legislation tracker • Economy and Society: Ballotpedia's weekly ESG newsletter |
Republican legislators in New Hampshire have introduced two bills—one in the state House, one in the Senate—that would prohibit ESG considerations in the management of public funds:
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New Hampshire state legislators are seeking to expand their attack on ESG investing with two new proposals, including a bill that would make it a felony to 'knowingly' invest state or taxpayer funds using ESG criteria that violates what legislators define as fiduciary duty. … The proposals, each with GOP authors and co-authors, follow three other actions since the beginning of 2023 by politicians seeking to limit and discourage investments linked to environmental, social and governance criteria. … The newest entry from the House of Representatives, by three GOP members, said 'knowingly' violating the proposed law's description of fiduciary duties is a felony punishable by up to 20 years' imprisonment.[1] |
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See also
- Environmental, social, and corporate governance (ESG)
- Economy and Society: Ballotpedia's ESG newsletter
External links
Footnotes
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
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