Video & Transcript Research : 'nonpecuniary factors'
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OK
Oklahoma 2026 Regular Session
Retirement and Government Resources REVISED Apr 21st, 2026
Retirement and Government Resources
Bills:
HB1170
Keywords:
fiduciary responsibility, proxy voting, public finance, Oklahoma statutes, pension plans, pecuniary factors, nonpecuniary factors, financial risk, Attorney General
Summary:
The Senate Committee on Retirement and Government Affairs met to consider two executive nominations and House Bill 1170. Mark Wood was introduced as nominee to lead OMES; he described his background in public accounting and tax administration, said his focus would be on stabilizing the agency, improving efficiency, and balancing accountability with service. Senators asked about OMES’s core mission and whether some duties should be returned to agencies; Wood said he would keep an open mind and work with legislators on possible changes. The committee advanced his nomination on a 9-0 vote.
The committee then heard Dwayne Helmberger’s nomination to the State Fire Marshal Commission. Helmberger, currently Stillwater fire chief and formerly assistant chief in Midwest City, emphasized code administration, education, and coordination with other agencies. Senators questioned him about backlogs in fire marshal inspections for marijuana grow operations and certificates of occupancy; he said the backlog was driven by the volume of applications and could be addressed through better planning, coordination, and logistics. His nomination also advanced unanimously, 9-0.
Finally, the committee considered House Bill 1170, which would direct pension fiduciaries to focus on pecuniary interests and avoid non-financial ESG considerations. Senator Daniels explained that the bill was intended to clarify state policy and align definitions with related measures, and she requested a title strike while continuing to work on the language. Members raised concerns about due process, immunity provisions, and whether the bill would conflict with recent court rulings or still allow consideration of ESG factors when financially relevant. After debate, the committee passed the bill 6-2.
OK
Oklahoma 2026 Regular Session
Retirement and Government Resources REVISED Apr 21st, 2026 at 10:30 am
Retirement and Government Resources
OK
Oklahoma 2026 Regular Session
Retirement and Government Resources Apr 14th, 2026 at 10:30 am
Retirement and Government Resources
Transcript Highlights:
- The really active language is that definition of non-pecuniary factors on page two.
- We just need to base everything on pecuniary factors and returning, maximizing that investment for all
- Would that mean that, no matter, you know, those local factors that they know about, they would still
- They must stick to the pecuniary factors.
- This is simply to remind them that they must not wander away from looking only at pecuniary factors.
Keywords:
government reporting, information technology, child welfare, environmental policy, state agency compliance, employment restrictions, state officers, prohibited acts, government contracts, public service, public finance, pension, pension fund, retirement system, board of trustees, proxy voting, proxy proposal, shareholder vote, shareholder activism, fiduciary duty
OK
Oklahoma 2026 Regular Session
Banking, Financial Services and Pensions Feb 10th, 2026 at 03:00 pm
Banking, Financial Services and Pensions
Transcript Highlights:
- you can kind of pick up on it, and so At a bare minimum, I would expect generally that would be a factor
Keywords:
credit card transactions, payment methods, service charge, consumer rights, financial regulation, public finance, pension, pension fund, retirement system, board of trustees, proxy voting, proxy proposal, shareholder vote, shareholder activism, fiduciary duty, pecuniary factors, nonpecuniary factors, ESG, environmental social governance, social goals
TX
Keywords:
public school funding, education, budget allocation, financial transparency, state law, local control, fiduciary responsibility, public retirement systems, investment management, proxy voting, financial factors, insurance, political shareholder proposals, fossil fuels, greenhouse gas emissions, environmental regulation, discrimination, credit extension, social credit, value-based standards
TX
Keywords:
public school funding, education, budget allocation, financial transparency, state law, local control, fiduciary responsibility, public retirement systems, investment management, proxy voting, financial factors, insurance, political shareholder proposals, fossil fuels, greenhouse gas emissions, environmental regulation, discrimination, credit extension, social credit, value-based standards
TX
Keywords:
public school funding, education, budget allocation, financial transparency, state law, local control, fiduciary responsibility, public retirement systems, investment management, proxy voting, financial factors, insurance, political shareholder proposals, fossil fuels, greenhouse gas emissions, environmental regulation, discrimination, credit extension, social credit, value-based standards
Summary:
The Senate Committee on State Affairs was called to order and a roll call showed most members present, with one absent. The chair explained that the committee had arranged witnesses for a later meeting but had received responses from some parties declining to testify, prompting Senator Bettencourt to offer a written motion for subpoenas.
The motion authorized the committee chair, under Senate Rule 11.20, to issue subpoenas to BlackRock, State Street, or other financial services companies affecting Texas public pension investments, along with their subsidiaries, affiliates, officers, employees, agents, or representatives. The subpoenas would require testimony and production of records concerning investment practices, the impact on Texas public pension funds, and any investments intended to further political or social causes.
Members discussed the importance of obtaining testimony and the limited but necessary use of subpoena power. The committee then voted, with 10 ayes, no nays, and one absent, to adopt the motion. With no further business, the committee recessed until the call of the chair, planning to return after the local calendar.
TX
Transcript Highlights:
- In short, JPMorgan Chase is factoring in client emissions into decisions and threatening consequences
- The CERA consideration includes risk factors such as management's awareness of climate.
- You know, unfortunately, I wish I could point to one single factor that was prompting school districts
- Recent evidence has shown that these and other proxy firms are basing their advice to clients on factors
- or if they're giving conflicting Whether their advice is based on non-economic factors, or if they're
Keywords:
public school funding, education, budget allocation, financial transparency, state law, local control, fiduciary responsibility, public retirement systems, investment management, proxy voting, financial factors, insurance, political shareholder proposals, fossil fuels, greenhouse gas emissions, environmental regulation, discrimination, credit extension, social credit, value-based standards
Summary:
The committee heard Senate Bill 945, 946, 2044, 2819, 2403, 2337, and 312, with all bills left pending after testimony. SB 945 would restrict insurance companies from denying or limiting coverage based on oil and gas activity or ESG-related goals, and supporters argued it would protect Texas energy producers from politically motivated shareholder activism and insurance discrimination. SB 946 would bar creditors from using social credit, ESG, DEI, or religious/political affiliation as a basis for denying or limiting credit; witnesses said it would prevent viewpoint-based financial discrimination and protect access to capital for Texas businesses. SB 2337 would require proxy advisory firms to disclose when recommendations are based on non-financial factors or when they give conflicting advice to different clients; supporters said the measure would increase transparency and curb ESG-driven influence over shareholder voting. SB 312 would direct public retirement systems to focus on financial returns rather than social or political objectives, with the author saying the bill responds to activist pressure on pensions and would reinforce fiduciary duty.
The committee also took up election and ethics measures. SB 2044 would strengthen electioneering restrictions for publicly funded education institutions and personnel, prohibiting use of official resources to promote political agendas; testimony focused on alleged school district electioneering in bond and tax elections. SB 2819 would prohibit county elections administrators from holding certain officer positions appointed by elected officials, addressing potential conflicts of interest. SB 2403, the Texas Ethics Commission sunset bill, would restructure complaint handling with a three-tier violation system, risk-based complaint prioritization, longer response times, bipartisan preliminary review panels, and expanded hearing options; members discussed amendments aimed at dismissing minor complaints, clarifying categories, and adjusting lobbying and penalty provisions, but the amendments were withdrawn during committee consideration.
Across the ESG and finance bills, invited witnesses from the American Energy Institute, Heartland Impact, Consumers Research, ADF Action, Texas Civil Justice League, and related groups generally supported the measures, arguing that banks, insurers, proxy advisors, and asset managers have used ESG or reputational-risk standards to discriminate against energy, agriculture, firearms, and religious organizations. No opposition testimony was presented in the excerpt, and the committee closed public testimony on each bill and left them pending.
TX
Keywords:
public school funding, education, budget allocation, financial transparency, state law, local control, fiduciary responsibility, public retirement systems, investment management, proxy voting, financial factors, insurance, political shareholder proposals, fossil fuels, greenhouse gas emissions, environmental regulation, discrimination, credit extension, social credit, value-based standards
TX
Transcript Highlights:
- The CIRA consideration includes risk factors such as management's awareness of climate.
- You know, unfortunately, I wish that I could point to one. ...single factor that was prompting school
- how that is to be determined, whether it's categorized as a serious violation or not, and various factors
- recent evidence has shown that these and other proxy firms are basing their advice to clients on factors
- Investment decisions must be made solely on financial factors, not on social, political, economic factors
Keywords:
public school funding, education, budget allocation, financial transparency, state law, local control, fiduciary responsibility, public retirement systems, investment management, proxy voting, financial factors, insurance, political shareholder proposals, fossil fuels, greenhouse gas emissions, environmental regulation, discrimination, credit extension, social credit, value-based standards
TX
Keywords:
public school funding, education, budget allocation, financial transparency, state law, local control, fiduciary responsibility, public retirement systems, investment management, proxy voting, financial factors, insurance, political shareholder proposals, fossil fuels, greenhouse gas emissions, environmental regulation, discrimination, credit extension, social credit, value-based standards
OK
Oklahoma 2026 Regular Session
Government Oversight REVISED - HB3852 -Added Mar 5th, 2026 at 10:30 am
Government Oversight
Transcript Highlights:
- in line with their fiduciary duties, which they're supposed to do today, solely based on pecuniary factors
- long-term stability of the system and a real financial consideration as opposed to using some other factor
- In other words, if it's on some other factor, you have questions.
Bills:
HB1739, HB1784, HB1889, HB2116, HB2206, HB3625, HB2939, HB3028, HB3265, HB3313, HB3413, HB3414, HB3415, HB3416, HB3417, HB3418, HB3420, HB3588, HB3748, HB3721, HB3852, HB4132, HB4263, HB4303, HB4311, HB4428, HB4429, HB4434
Keywords:
retirement, law enforcement, disability benefits, pension system, Oklahoma, education reform, local control, student outcomes, curriculum changes, school funding, public retirement systems, pension, retirement benefits, cost-of-living adjustment, COLA, inflation adjustment, CPI-U, Consumer Price Index, firefighters pension, police pension
OK
Oklahoma 2026 Regular Session
Senate Legislative Session Apr 28th, 2026 at 01:30 pm
Oklahoma Senate Floor Meeting
Transcript Highlights:
- and not non-pecuniary factors.
- You will note that it talks about any number of general factors that could be considered.
- And so they're supposed to be making their decisions based on pecuniary fact factors.
- They shouldn't base those decisions on other factors unless there's some particular economic reason that
- Or some economic reason that even if it involves those factors, it wouldn't harm or wouldn't conflict
Bills:
HB2894, HB3418, HB3415, HB3413, HB3414, HB3416, HB3417, HB3419, HB3420, HB1739, HB1752, HB1979, HB2941, HB2992, HB3075, HB3086, HB3177, HB3269, HB3278, HB3279, HB3497, HB3644, HB4432, HB3720, HB3849, HB3882, HB3919, HB3941, HB4118, HB4141, HB4268, HB4342, HB4428, HB4429, HB4434
Keywords:
HB2894, Oklahoma Rural Jobs Act, rural jobs, rural investment, tax credit, capital investment tax credit, state tax credits, economic development, rural fund, rural investor, qualified investment, eligible business, Department of Commerce, rural business, investment certification, tax liability, credit cap, workforce development, small business finance, rural development
OK
Oklahoma 2026 Regular Session
Senate Legislative Session Apr 28th, 2026 at 09:00 am
Oklahoma Senate Floor Meeting
Bills:
HB2894, HB3418, HB3415, HB3413, HB3414, HB3416, HB3417, HB3419, HB3420, HB1739, HB1752, HB1979, HB2941, HB2992, HB3075, HB3086, HB3177, HB3269, HB3278, HB3279, HB3497, HB3644, HB4432, HB3720, HB3849, HB3882, HB3919, HB3941, HB4118, HB4141, HB4268, HB4342, HB4428, HB4429, HB4434
Keywords:
HB2894, Oklahoma Rural Jobs Act, rural jobs, rural investment, tax credit, capital investment tax credit, state tax credits, economic development, rural fund, rural investor, qualified investment, eligible business, Department of Commerce, rural business, investment certification, tax liability, credit cap, workforce development, small business finance, rural development
OK
Oklahoma 2026 Regular Session
Senate Legislative Session Apr 28th, 2026
Oklahoma Senate Floor Meeting
Transcript Highlights:
- and not non-pecuniary factors, so it cautions them to make sure that they are using advisors who also
- You will note that it talks about any number of general factors that could be considered and just want
- And so they're supposed to be making their decisions based on pecuniary factors.
- And they shouldn't base those decisions on other factors unless there's some particular economic reason
- And they shouldn't base those decisions on other factors unless there's some particular economic reason
Bills:
HB2894, HB3418, HB3415, HB3413, HB3414, HB3416, HB3417, HB3419, HB3420, HB1739, HB1752, HB1979, HB2941, HB2992, HB3075, HB3086, HB3177, HB3269, HB3278, HB3279, HB3497, HB3644, HB4432, HB3720, HB3849, HB3882, HB3919, HB3941, HB4118, HB4141, HB4268, HB4342, HB4428, HB4429, HB4434
Keywords:
HB2894, Oklahoma Rural Jobs Act, rural jobs, rural investment, tax credit, capital investment tax credit, state tax credits, economic development, rural fund, rural investor, qualified investment, eligible business, Department of Commerce, rural business, investment certification, tax liability, credit cap, workforce development, small business finance, rural development
Summary:
The Senate began with ceremonial recognitions for several student groups and community visitors, including Carl Albert High School’s boys and girls swim teams, the Lady Titans basketball team, and the Choctaw High School speech and debate team. Senators and coaches highlighted the teams’ state championships, academic achievements, and perseverance, and the chamber also welcomed visiting groups from Aline, Owasso, and Tulsa County. After the presentations, the Senate returned to general order and took up a series of House bills.
Among the measures considered, House Bill 3720 expanded the Local Food Freedom Act by raising the gross annual sales threshold for local food establishments from under $75,000 to $250,000; it passed 39-4. House Bill 3849 updated the Oklahoma mentoring children of incarcerated parents program and passed 42-1. House Bill 3882 created a revolving fund for industrial and lake access improvement projects and passed 33-9, then also passed the emergency clause 39-4. House Bill 3919 reduced county free fair association boards from nine members to five to address quorum problems and passed 45-0. House Bill 3941 codified a pay raise for a court secretary and passed 45-0, including its emergency clause. House Bill 4118 updated the family caregiver tax credit and passed 44-1. House Bill 4141 removed the sunset on the statewide sexual assault nurse examiner coordinator position and passed 45-0.
The chamber also debated several policy bills more extensively. House Bill 4268 created a growth-based teacher compensation program using Oklahoma Teacher Empowerment Funds and restored a $5,000 stipend for national board-certified teachers; it passed 45-0 and its emergency clause also passed 45-0. House Bill 4342 allowed prior instances of domestic violence or abuse to be admitted as propensity evidence in court, with supporters saying it would help interrupt the cycle of abuse and opponents raising due process concerns; it passed after debate. House Bill 4428 required public pension plans to base proxy voting decisions solely on financial considerations, and House Bill 4429 required proxy advisors to disclose when recommendations were not based on financial analysis; both passed after debate, 35-8 and 37-7 respectively. Two Rule 7-9 motions to pull House Bills 4422 and 4423 from committee and place them on general order failed by recorded vote. The Senate then announced Denim Day for domestic violence and sexual assault awareness, noted a few final reminders, and adjourned until April 29, 2026, at 9:00 a.m.
TX
Texas 89th Regular
Senate Committee on Business and Commerce (Part I) Feb 27th, 2025
Business & Commerce
Transcript Highlights:
- mainly residential and small business, residential really being the largest concern from a safety factor
Keywords:
hemp, consumable hemp, hemp-derived cannabinoids, CBD, cannabidiol, CBG, cannabigerol, delta-8, delta-9, intoxicating hemp, hemp gummies, hemp vape, edibles, cannabinoid regulation, hemp licensing, retailer registration, product registration, QR code labeling, child-resistant packaging, minor access
TX
Texas 89th Regular
Senate Committee on Business and Commerce (Part II) Feb 27th, 2025
Business & Commerce
Transcript Highlights:
- effective, we need to explicitly look at lifetime costs and benefits as... ...would apply a discount factor
Keywords:
hemp, consumable hemp, hemp-derived cannabinoids, CBD, cannabidiol, CBG, cannabigerol, delta-8, delta-9, intoxicating hemp, hemp gummies, hemp vape, edibles, cannabinoid regulation, hemp licensing, retailer registration, product registration, QR code labeling, child-resistant packaging, minor access
AL
Alabama 2026 1st Special Session
Alabama Senate Finance and Taxation Education Committee Jan 28th, 2026
Finance and Taxation Education
KY
Kentucky 2026 Regular Session
House Budget Review Subcommittee on Personnel, Public Retirement, and Finance (2-15-23)
Keywords:
KY LRC YouTube, https://www.youtube.com/watch?v=gU-A8E3V4Hk, 2026-06-21T07:17:03+00:00, 2.2.24, Data collected via generic collector engine, MEETING START 00:00
ROLL CALL 02:46
DISCUSSION WITH THE PROPERTY VALUATION ASSOCIATION, DUSTIN BILLINGS, EXECUTIVE DIRECTOR, 05:11
DAVID O’NEILL, FAYETTE COUNTY PVA, AND LEE MARTIN, GRAVES COUNTY DEPUTY CONCERNING AERO
SURVEYING AND HOW IT POSITIVELY AFFECTS KY AGRICULTURE NEEDS. AERIAL IMAGERY, REVIEWING
IMPROVEMENTS, INFLUENCING FACTORS OF PROPERTY, CHANGE DETECTION, AND SKETCH VERIFICATION.
DISCUSSION WITH REVENUE CABINET, TOM CRAWFORD, EXECUTIVE DIRECTOR OF PROPERTY EVALUATION 26:31
WITH DEPT. OF REVENUE, AND MIKE TACKETT, MINERAL TAXATION AND GIS SERVICES WITH DEPT. OF REVENUE.
THE KYFROMABOVE PROJECT IS GOING TO BE A HUGE BENEFIT TO KY. BENEFITS TO SMALLER COUNTIES WHO
DO NOT HAVE ACCESS TO THIS INFORMATION. COST SAVINGS FOR ALL KY COUNTY PVA OFFICES.
DISCUSSION WITH KENT ANNESS, DIVISION OF GEOGRAPHIC INFORMATION, PROGRAM DIRECTOR FOR THE 33:10
KYFROMABOVE PROJECT ABOUT AERIAL MAPPING, PROJECT UPDATES, PROJECT OVERVIEW, STATUS, RETURN
ON INVESTMENT AND GIS DATA SHARING., 958, all, 2.2.42, 2.1.47
OK
Oklahoma 2026 Regular Session
Senate Legislative Session Apr 14th, 2026 at 01:30 pm
Oklahoma Senate Floor Meeting
Bills:
HB3312, HB3700, HB2981, HB2961, HB3016, HB4478, HB4326, HB3025, HB3710, HB4125, HB2951, HB3082, HB4142, HB4106, HB1752, HB3268, HB4440, HJR1067, SB1144, SB1145, SB1146, SB1147, SB1148, SB1156, SB1157, SB1158, SB1159, SB1161, SB1162, SB1163, SB1164, SB1165, SB1166, SB1149, SB1167, HJR1024, SB1174, SB1175, SB1176, HB3419, HB3748, HB4335, HB3057, HB3279, HB4428, HB3420, HB3040, HB4140, HB1638, HB3298, HB4113, HB1082, HB4301, HB3269, HB3587, HB4226, HB4324, HB4339, HB4342, HB3278, HB3996, HB4236, HB4352
Keywords:
firearm safety, public schools, education policy, student safety, gun control, opt-out option, grading system, student assessment, academic integrity, state funding, opinion conduct, open meetings, school boards, transparency, public access, education governance, HB2961, TSgt Marshal Dakota Roberts Gold Star Survivor Act, Gold Star family, Gold Star recipient