Did not become law. It stopped in the Senate's Finance, Revenue and Bonding Committee on April 24, 2025. The 2025 session has ended.
2025 Regular Session
Senate Bill 1557
AN ACT ESTABLISHING THE INVESTMENT BOARD AND CONCERNING INDEPENDENT REVIEW OF THE INVESTMENT PERFORMANCE OF THE STATE'S PENSION FUNDS.
What it does
The synopsis the General Assembly published with the bill.
To (1) establish the Investment Board and sunset the Investment Advisory Council, and (2) require the Office of Legislative Management to issue a request for proposals for an advisory firm to conduct an independent review of the investment performance of the state's pension funds relative to peer states' investment performances and submit a report of such review on an annual basis.
Sponsors
Who carried the bill in each chamber, and who signed on. Each name leads to the member's page.
Its course
April 9 to April 24, 2025, on one scale. In the top row each mark is a day something happened; taller marks are busier days.
Each committee stop sits inside its chamber.
Every action3 actions on 3 days
In the SenateApr 9 to Apr 24 · stopped15 days
Finance, Revenue and Bonding CommitteeApr 9 to Apr 24 · stopped15 days
Votes
Yeas to nays, as the General Assembly recorded them. Committee votes are set in.
Finance, Revenue and Bonding Committee17–35
Apr 24
Who voted how
Yea Carol Hall, Dave W. Yaccarino, David Rutigliano, Devin R. Carney, Donna Veach, Henri Martin, Irene M. Haines, Jason Perillo, Joe Polletta, John A. Kissel, John E. Piscopo, Joseph H. Zullo, Lezlye Zupkus, Nicole Klarides-Ditria, Ryan Fazio, Tami Zawistowski, Tony Hwang
Nay Aimee Berger-Girvalo, Alphonse Paolillo Jr., Christine Cohen, Derell Wilson, Fred Gee Jr., Geoff Luxenberg, Herron Gaston, Hilda E. Santiago, Iris N. Sanchez, James J. Maroney, Jason Doucette, Jill Barry, John W. Fonfara, Jorge Cabrera, Josh Elliott, Julio A. Concepcion, Kate Farrar, Kerry S. Wood, Larry B. Butler, MD Rahman, Maria P. Horn, Mary M. Mushinsky, Michael "MJ" Shannon Jr., Moira Rader, Nicholas Menapace, Norman Needleman, Patricia Billie Miller, Paul Honig, Rick Lopes, Roland J. Lemar, Ronald A. Napoli Jr., Savet Constantine, Steven J. Stafstrom, Steven Winter, Trenee McGee
Text
Each version as the General Assembly printed it.
l9n doesn't hold this bill's text yet.
What happened
In l9n's words, one line for each step. Every action as the General Assembly published it is below.
In the Senate Apr 9 – Apr 24
- Apr 9Introduced and sent to Finance, Revenue and Bonding Committee
- Apr 10Heard in Finance, Revenue and Bonding Committee
- Apr 24A motion to recommend it failed
All 3 actions, as published
- Apr 9REF. TO JOINT COMM. ONBoth houses
- Apr 10PUBLIC HEARINGBoth houses
- Apr 24MOTION FAILEDBoth houses