5192-S.E AMH PFLU OSBO 15

ESSB 5192 - H AMD TO APP COMM AMD (5192-S.E AMH APP H2761.1)

By Representative Pflug

   On page 3, after line 31, insert the following:

   "NEW SECTION. Section 4. A new section is added to chapter 43.33A RCW to read as follows:

   The state investment board is prohibited from any direct or indirect equity or debt participation or holding in any investment services provider, securities dealer or brokerage firm, or any type of domestic or foreign investment partnership, that invests pension funds on behalf of the state investment board or receives fees for services rendered to the board."

EFFECT: Prohibits the state investment board from investing in financial services entities that invest pension funds on behalf of the board or which receive fees for services provided to the board.