Creating Protecting Shareholders Act
The purpose of this bill is to establish standards for a breach of fiduciary duty under the Protecting Investors Act.
2025 Regular Session
When a person has a fiduciary duty to any type of investor, it shall be prima facie evidence of a breach of that fiduciary duty when a company prioritizes an environmental, social, and governance or "ESG" program or prioritizes any other non-pecuniary interest over the financial interests of the equity owners of a company, when making financial decisions that will affect the investor.
| date | time | type | location | description |
|---|---|---|---|---|
| 2025-03-26 | 14:00 | Hearing | 451-M | Senate Banking and Insurance Committee Meeting |
History
| Date | Action |
|---|---|
| 2025-04-01 | Referred to Rules on 2nd reading |
| 2025-03-31 | Laid over on 2nd reading 3/31/2025 |
| 2025-03-29 | Laid over on 2nd reading 3/29/2025 |
| 2025-03-28 | Laid over on 2nd reading 3/28/2025 |
| 2025-03-27 | On 2nd reading |
| 2025-03-27 | Laid over on 2nd reading 3/27/2025 |
| 2025-03-26 | Committee substitute reported |
| 2025-03-26 | Immediate consideration |
| 2025-03-26 | Read 1st time |
| 2025-03-20 | Filed for introduction |
| 2025-03-20 | To Banking and Insurance |
| 2025-03-20 | Introduced in Senate |
| 2025-03-20 | To Banking and Insurance |