Fabio
146 lines
8.4 KiB
Markdown
146 lines
8.4 KiB
Markdown
---
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type: "Bill"
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title: "ESG"
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description: "AN ACT TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ENACTING THE \"ESG PENSION PROTECTION ACT\" BY AMENDING SECTION 9-16-10, RELATING TO RETIREMENT SYSTEM FUNDS DEFINITIONS, SO AS TO ADD A DEFINITION OF \"PECUNIARY FACTOR\"; BY AMENDING SECTION 9-16-30, RELATING TO DELEGATION OF FUNCTIONS BY THE COMMISSION, SO AS TO PROVIDE THAT PROXY VOTING DECISIONS MUST BE BASED ON PECUNIARY FACTORS; BY AMENDING SECTION 9-16-50, RELATING TO INVESTMENT AND MANAGEMENT CONSIDERATIONS BY TRUSTEES, SO AS TO PROVIDE THAT THE COMMISSION MAY ONLY CONSIDER PECUNIARY FACTORS IN MAKING CERTAIN INVESTMENT DECISIONS; BY AMENDING SECTION 9-16-320, RELATING TO ANNUAL INVESTMENT PLANS, SO AS TO REQUIRE CERTAIN MEETINGS; BY AMENDING SECTION 9-16-330, RELATING TO STATEMENT OF ACTUARIAL ASSUMPTIONS AND INVESTMENT OBJECTIVES, SO AS TO REQUIRE CERTAIN CERTIFICATIONS; AND BY ADDING SECTION 9-16-110 SO AS TO PROVIDE THAT THE ATTORNEY GENERAL MAY BRING AN ACTION TO ENFORCE CERTAIN PROVISIONS. - RATIFIED TITLE"
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jurisdiction: "us/states/sc"
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legislature: "South Carolina General Assembly"
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session: "2023-2024"
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identifier: "H 3690"
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citation: "South Carolina H 3690 (2023-2024)"
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classification: ["bill"]
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subjects: []
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status: "enacted"
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primary_sponsors: ["B. Newton", "B.J. Cox", "Bannister", "Blackwell", "Bradley", "Brewer", "Burns", "Bustos", "Carter", "Caskey", "Chumley", "Davis", "Elliott", "Erickson", "Forrest", "G.M. Smith", "Gilliam", "Guffey", "Haddon", "Hager", "Hardee", "Hartnett", "Hewitt", "Hiott", "Hixon", "J.E. Johnson", "Jordan", "Kilmartin", "Landing", "Lawson", "Leber", "Ligon", "Long", "M.M. Smith", "Magnuson", "McCravy", "Mitchell", "Moss", "Neese", "Nutt", "Oremus", "Pope", "Robbins", "Sandifer", "Sessions", "Taylor", "Thayer", "Vaughan", "W. Newton", "West", "Whitmire", "Willis", "Wooten", "Yow"]
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version_count: 7
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action_count: 28
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vote_count: 3
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first_action: "2023-01-12"
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last_action: "2024-02-09"
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source: "openstates"
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source_identifier: "ocd-bill/ba0293e6-4461-4034-8d1f-3208d226cd75"
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source_url: "https://www.scstatehouse.gov/billsearch.php?billnumbers=3690&session=125&summary=B"
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source_hash: "f16bb3e109fb92cec6732cd33428450f949821dae68e59501e09b419a9a85fdb"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-sc"]
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---
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# South Carolina H 3690 (2023-2024) — ESG
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AN ACT TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ENACTING THE "ESG PENSION PROTECTION ACT" BY AMENDING SECTION 9-16-10, RELATING TO RETIREMENT SYSTEM FUNDS DEFINITIONS, SO AS TO ADD A DEFINITION OF "PECUNIARY FACTOR"; BY AMENDING SECTION 9-16-30, RELATING TO DELEGATION OF FUNCTIONS BY THE COMMISSION, SO AS TO PROVIDE THAT PROXY VOTING DECISIONS MUST BE BASED ON PECUNIARY FACTORS; BY AMENDING SECTION 9-16-50, RELATING TO INVESTMENT AND MANAGEMENT CONSIDERATIONS BY TRUSTEES, SO AS TO PROVIDE THAT THE COMMISSION MAY ONLY CONSIDER PECUNIARY FACTORS IN MAKING CERTAIN INVESTMENT DECISIONS; BY AMENDING SECTION 9-16-320, RELATING TO ANNUAL INVESTMENT PLANS, SO AS TO REQUIRE CERTAIN MEETINGS; BY AMENDING SECTION 9-16-330, RELATING TO STATEMENT OF ACTUARIAL ASSUMPTIONS AND INVESTMENT OBJECTIVES, SO AS TO REQUIRE CERTAIN CERTIFICATIONS; AND BY ADDING SECTION 9-16-110 SO AS TO PROVIDE THAT THE ATTORNEY GENERAL MAY BRING AN ACTION TO ENFORCE CERTAIN PROVISIONS. - RATIFIED TITLE
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **Filed** (filed) — [source](https://www.scstatehouse.gov/sess125_2023-2024/bills/3690.htm)
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2. **01/12/2023** (committee substitute) — [source](https://www.scstatehouse.gov/sess125_2023-2024/prever/3690_20230112.htm)
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3. **03/30/2023** (committee substitute) — [source](https://www.scstatehouse.gov/sess125_2023-2024/prever/3690_20230330.htm)
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4. **04/03/2023** (committee substitute) — [source](https://www.scstatehouse.gov/sess125_2023-2024/prever/3690_20230403.htm)
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5. **04/05/2023** (committee substitute) — [source](https://www.scstatehouse.gov/sess125_2023-2024/prever/3690_20230405.htm)
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6. **05/04/2023** (committee substitute) — [source](https://www.scstatehouse.gov/sess125_2023-2024/prever/3690_20230504.htm)
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7. **05/08/2023** (committee substitute) — [source](https://www.scstatehouse.gov/sess125_2023-2024/prever/3690_20230508.htm)
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## Votes
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- 3rd Reading — **45–0** (pass) · upper
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- Passage of Bill — **103–5** (pass) · lower
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- 2nd Reading — **43–0** (pass) · upper
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## Sponsors
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- B. Newton — primary (person)
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- B.J. Cox — primary (person)
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- Bannister — primary (person)
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- Blackwell — primary (person)
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- Bradley — primary (person)
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- Brewer — primary (person)
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- Burns — primary (person)
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- Bustos — primary (person)
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- Carter — primary (person)
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- Caskey — primary (person)
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- Chumley — primary (person)
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- Davis — primary (person)
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- Elliott — primary (person)
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- Erickson — primary (person)
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- Forrest — primary (person)
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- G.M. Smith — primary (person)
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- Gilliam — primary (person)
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- Guffey — primary (person)
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- Haddon — primary (person)
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- Hager — primary (person)
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- Hardee — primary (person)
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- Hartnett — primary (person)
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- Hewitt — primary (person)
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- Hiott — primary (person)
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- Hixon — primary (person)
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- J.E. Johnson — primary (person)
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- Jordan — primary (person)
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- Kilmartin — primary (person)
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- Landing — primary (person)
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- Lawson — primary (person)
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- Leber — primary (person)
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- Ligon — primary (person)
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- Long — primary (person)
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- M.M. Smith — primary (person)
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- Magnuson — primary (person)
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- McCravy — primary (person)
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- Mitchell — primary (person)
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- Moss — primary (person)
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- Neese — primary (person)
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- Nutt — primary (person)
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- Oremus — primary (person)
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- Pope — primary (person)
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- Robbins — primary (person)
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- Sandifer — primary (person)
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- Sessions — primary (person)
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- Taylor — primary (person)
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- Thayer — primary (person)
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- Vaughan — primary (person)
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- W. Newton — primary (person)
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- West — primary (person)
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- Whitmire — primary (person)
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- Willis — primary (person)
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- Wooten — primary (person)
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- Yow — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2023-01-12** Introduced and read first time `introduction, reading-1`
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- **2023-01-12** Referred to Committee on Labor, Commerce and Industry `referral-committee`
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- **2023-01-18** Member(s) request name added as sponsor: Robbins
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- **2023-01-19** Member(s) request name added as sponsor: Kilmartin, M.M.Smith
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- **2023-03-08** Member(s) request name added as sponsor: B.Newton, Hewitt
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- **2023-03-28** Member(s) request name added as sponsor: Leber, Pope
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- **2023-03-29** Member(s) request name added as sponsor: Blackwell, Caskey
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- **2023-03-30** Committee report: Favorable with amendment Labor, Commerce and Industry `committee-passage-favorable`
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- **2023-04-03** Scrivener's error corrected
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- **2023-04-04** Member(s) request name added as sponsor: Landing
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- **2023-04-04** Requests for debate-Rep(s). Hiott, Taylor, Carter, B Newton, Guffey, McCravy, Guest, BL Cox, Pace, Magnuson, Harris, Hixon, Oremus, Blackwell, Henegan, Williams, Beach, Cromer, Anderson, Kirby, Hosey, Hewitt, King, Bernstein, Bauer, Robbins, Garvin, White, S Jones, Moss, Mitchell, Sandifer, Whitmire, May, McCabe, Vaughan, BJ Cox, Elliott
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- **2023-04-05** Amended `amendment-passage`
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- **2023-04-05** Read second time `reading-2`
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- **2023-04-05** Roll call Yeas-103 Nays-5
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- **2023-04-06** Read third time and sent to Senate `passage, reading-3`
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- **2023-04-06** Introduced and read first time `introduction, reading-1`
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- **2023-04-06** Referred to Committee on Finance `referral-committee`
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- **2023-05-03** Committee report: Favorable Finance `committee-passage-favorable`
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- **2023-05-08** Scrivener's error corrected
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- **2024-01-11** Special order, set for January 11. 2024
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- **2024-01-16** Read second time `reading-2`
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- **2024-01-16** Roll call Ayes-43 Nays-0
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- **2024-01-17** Read third time and enrolled `passage, reading-3`
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- **2024-01-17** Roll call Ayes-45 Nays-0
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- **2024-01-30** Ratified R 104
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- **2024-02-05** Signed By Governor `executive-signature`
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- **2024-02-09** Effective date 02/05/24
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- **2024-02-09** Act No. 103
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/ba0293e6-4461-4034-8d1f-3208d226cd75`. Confidence: reported (aggregated from official South Carolina legislature records).
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