State Legislative Developments: Oklahoma and West Virginia

March 30, 2023

On March 21, 2023 the Oklahoma House of Representatives passed House Bill 2547, which claims to be “designed to continue protections of state pension funds from strategies that would be harmful to the state’s energy industry.” The bill was introduced by Rep. Terry O’Donnell (R-Catoosa). On March 28, 2023, the Governor of West Virginia, James Justice, signed into law House Bill 2862, which prohibits state investment boards within West Virginia from casting their proxy votes “for the purpose of furthering non-pecuniary interests.”

On March 21, 2023 the Oklahoma House of Representatives passed House Bill 2547, which claims to be “designed to continue protections of state pension funds from strategies that would be harmful to the state’s energy industry.” The bill was introduced by Rep. Terry O’Donnell (R-Catoosa). On March 28, 2023, the Governor of West Virginia, James Justice, signed into law House Bill 2862, which prohibits state investment boards within West Virginia from casting their proxy votes “for the purpose of furthering non-pecuniary interests.”

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