Legislation: batch A — AK AL AR AZ CO CT DE GA HI IA ID

Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>

legislation/us/states/ga/2023-24/hb-481.md

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+---
+type: "Bill"
+title: "Public Retirement Systems Investment Authority Law; provide for a fiduciary duty"
+description: "A BILL to be entitled an Act to amend Article 7 of Chapter 20 of Title 47 of the Official Code of Georgia Annotated, the \"Public Retirement Systems Investment Authority Law,\" so as to provide for a fiduciary duty to invest retirement assets solely in the financial interest of participants and their beneficiaries; to provide for duties; to provide for delegation of duties; to provide for objective; to provide for conformance; to provide for a definition; to provide for related matters; to provide for an effective date; to repeal conflicting laws; and for other purposes."
+jurisdiction: "us/states/ga"
+legislature: "Georgia General Assembly"
+session: "2023_24"
+identifier: "HB 481"
+citation: "Georgia HB 481 (2023_24)"
+classification: ["bill"]
+subjects: []
+status: "enacted"
+primary_sponsors: ["Brad Thomas", "Charles Martin", "Chris Erwin", "Darlene Taylor", "John Carson", "Trey Kelley"]
+version_count: 6
+action_count: 15
+vote_count: 2
+first_action: "2023-02-16"
+last_action: "2024-07-01"
+source: "openstates"
+source_identifier: "ocd-bill/65df0933-40f5-4579-932a-4c1363c738b8"
+source_url: "http://webservices.legis.ga.gov/GGAServices/Legislation/Service.svc?wsdl"
+source_hash: "027a9cb9d6a7d6a1e661a93a7651f97283c3f67028162d50530687957f454613"
+vintage: "2026-07-01"
+source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
+retrieved_at: "2026-07-06"
+confidence: "reported"
+tags: ["legislation", "bill", "us-ga"]
+---
+
+# Georgia HB 481 (2023_24) — Public Retirement Systems Investment Authority Law; provide for a fiduciary duty
+
+A BILL to be entitled an Act to amend Article 7 of Chapter 20 of Title 47 of the Official Code of Georgia Annotated, the "Public Retirement Systems Investment Authority Law," so as to provide for a fiduciary duty to invest retirement assets solely in the financial interest of participants and their beneficiaries; to provide for duties; to provide for delegation of duties; to provide for objective; to provide for conformance; to provide for a definition; to provide for related matters; to provide for an effective date; to repeal conflicting laws; and for other purposes.
+
+## Version chain
+
+The bill's text revisions, in order — the diff chain from filing to enrollment.
+
+1. **Auditor's Certification** (committee substitute) — [source](http://www.legis.ga.gov/Legislation/20232024/215177.pdf)
+2. **Auditor's Certification LC 56 0143S** (committee substitute) — [source](http://www.legis.ga.gov/Legislation/20232024/224875.pdf)
+3. **HB 481/AP*** (committee substitute) — [source](http://www.legis.ga.gov/Legislation/20232024/227065.pdf)
+4. **LC 43 2649/a** (committee substitute) — [source](http://www.legis.ga.gov/Legislation/20232024/215143.pdf)
+5. **LC 56 0143S/hcs** (committee substitute) — [source](http://www.legis.ga.gov/Legislation/20232024/225593.pdf)
+6. **LC 56 0143S/hs** (committee substitute) — [source](http://www.legis.ga.gov/Legislation/20232024/224872.pdf)
+
+## Votes
+
+- Senate Vote #649 - 2023-2024 Regular Session — **50–0** (pass) · upper
+- House Vote #560 - 2023-2024 Regular Session — **114–51** (pass) · lower
+
+## Sponsors
+
+- Brad Thomas — primary (person)
+- Charles Martin — primary (person)
+- Chris Erwin — primary (person)
+- Darlene Taylor — primary (person)
+- John Carson — primary (person)
+- Trey Kelley — primary (person)
+
+## Timeline
+
+The legislative action history — every referral, reading, and vote.
+
+- **2023-02-16** House Hopper `introduction`
+- **2023-02-16** House First Readers `reading-1`
+- **2023-02-21** House Second Readers `reading-2`
+- **2024-02-21** House Committee Favorably Reported By Substitute `committee-passage-favorable`
+- **2024-02-26** House Third Readers `reading-3`
+- **2024-02-26** House Passed/Adopted By Substitute `passage`
+- **2024-02-27** Senate Read and Referred `referral-committee`
+- **2024-03-08** Senate Committee Favorably Reported `committee-passage-favorable`
+- **2024-03-11** Senate Read Second Time `reading-2`
+- **2024-03-13** Senate Third Read `reading-3`
+- **2024-03-13** Senate Passed/Adopted `passage`
+- **2024-04-01** House Sent to Governor `executive-receipt`
+- **2024-05-06** House Date Signed by Governor `executive-signature`
+- **2024-05-06** Act 587 `executive-signature`
+- **2024-07-01** Effective Date
+
+## Source
+
+OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/65df0933-40f5-4579-932a-4c1363c738b8`. Confidence: reported (aggregated from official Georgia legislature records).
+