Video & Transcript Research : 'proxy attestation'

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AZ

Arizona 2026 Regular Session

02/11/2026 - House Federalism, Military Affairs & Elections

Federalism, Military Affairs & Elections

Summary: The committee first heard HB 2908, which would impose criminal penalties on faithless Arizona Article V convention delegates, require delegates to take an oath, and direct the legislature and governor to ratify any approved amendment through the normal legislative process. The sponsor argued the bill adds guardrails to any future convention, while Common Cause Arizona opposed it as ineffective and insufficient to prevent a runaway convention. After debate about whether the bill could meaningfully constrain delegates, the committee voted 5-2 to return HB 2908 with a do pass recommendation. The committee then considered HB 2608, a veterans housing measure creating a military transitional housing grant program at the Arizona Department of Housing with a $7 million General Fund appropriation in FY 2027 and changes to the military transitional housing fund. Testimony focused on revisions to the bill, including limiting use of funds to new construction and requiring veteran-led or veteran-managed organizations. Several members said the bill was too similar to prior versions and had not gone through the Veterans Caucus process. On a motion to table, the committee voted to lay HB 2608 on the table. After a recess, the committee took up HB 2805, as amended, which creates a secure online portal for nomination petition signatures for local governing board candidates and related election administration changes. The sponsor said the bill was intended to give school board candidates and other local candidates equal access to the state’s electronic signature system, while members debated whether requiring candidates to declare party affiliation would undermine nonpartisan races. The Gillette amendment was adopted, and the committee then voted 5-2 to return HB 2805 as amended with a do pass recommendation. Finally, the committee heard HB 2775, which would bar the state and its subdivisions from using state assets or money to implement or enforce rules, taxes, or policies of international organizations, and would add restrictions on Arizona public universities’ dealings with certain foreign entities. Members discussed a proposed amendment to create oversight of foreign funding at Arizona State University and the Board of Regents, but raised concerns about rulemaking authority and constitutional issues. The committee ultimately voted to hold HB 2775 for further work, and then adjourned.
OK

Oklahoma 2026 Regular Session

Retirement and Government Resources Apr 14th, 2026 at 10:30 am

Retirement and Government Resources

Transcript Highlights:
  • Pension systems, and it requires that both the boards and any proxy advisors that they might use focus
  • But this has to do with proxies and the responsibility for making sure that we vote those or receive
  • So we're trying to get away from any instance in which we might be advised to vote proxies or invest
  • So I'm trying to understand at what point a proxy boat that might impact beneficiaries could they could
  • that by saying I think we're giving an option for forcing our pensions really not to participate in proxy
OK

Oklahoma 2026 Regular Session

Retirement and Government Resources REVISED Apr 21st, 2026 at 10:30 am

Retirement and Government Resources

Transcript Highlights:
  • already heard 442e in this committee and 4429 and another committee that dealt specifically with proxies
  • But Not unimportant for me to address that you're looking at fiduciaries and proxies who will agree to
  • Currently, these proxies And the members that are served on these investment boards are fiduciaries,
Bills: HB1170
OK

Oklahoma 2026 Regular Session

Banking, Financial Services and Pensions Feb 10th, 2026 at 03:00 pm

Banking, Financial Services and Pensions

Transcript Highlights:
  • House Bill 4428 is, and as well as 4429, are both Related to shareholder proxy advisors, so 4428 says
  • that if a proxy advisor is used, the advisor must provide a written commitment to follow standards,
  • making sure that a proxy advisor used in our pension funds is doing so based on fiduciary duties and
  • not utilizing ESG or other DEI metrics, and votes for proxy of our pension systems move adoption.
  • This bill is similar in that it deals with proxy advisors.
TX

Texas 89th Regular

State Affairs (Part II) Apr 24th, 2025

State Affairs

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

Texas 89th Regular

State Affairs (Part III) Apr 24th, 2025

State Affairs

Transcript Highlights:
  • Senate Bill 2337 is about proxy advisors and proxy advisor transparency.
  • Both of these proxy advisors are foreign-controlled and claim that there are Both of these proxy advisors
  • Both of these proxy advisors are foreign-controlled and claim that there are Both of these proxy advisors
  • Again, a proxy advisory firm.
  • Again, a proxy advisory firm.
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
Transcript Highlights:
  • Senate Bill 2337 is about proxy advisors and about proxy advisor transparency.
  • The proxy advisory firms.
  • Proxy voting advice is admittedly a tricky issue.
  • Let's talk about ISS, again, a proxy advisory firm.
  • Now, again, if the proxy adviser...
AL

Alabama 2025 Regular Session

Alabama Senate Finance and Taxation General Fund Committee Apr 2nd, 2025

Finance and Taxation General Fund

Transcript Highlights:
  • prohibit the Alabama Medicaid Agency from accepting certain... well, we're not talking about self-attestation
  • ; this has to be from the... ...attestations; this has to be from the doctor and eligibility determinations
Bills: SB245, SB246, HB30, HB30
OK
Transcript Highlights:
  • The issue's Going to be on limitations related to proxy advisors.
  • Nationally, there's a huge problem because a lot of people don't understand what these proxy advisors
  • the board of fiduciaries' note, the recommendation of company management, and, if applicable, the proxy
  • This is the proxy advisor transparency, if you want to call it that.
  • This would basically say proxy advisors if you are making a recommendation for or against that and it's