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S.42

An act relating to divestment of State pension funds of investments in the fossil fuel industry

Sen. Kesha Ram Hinsdale , Sen. Alison Clarkson , Sen. Ruth Hardy , Sen. Richard McCormack , Sen. Andrew Perchlik , Sen. Tanya Vyhovsky , Sen. Anne Watson , Sen. Rebecca White
House Committee on Government Operations and Military Affairs
4/4/2023 - Read first time and referred to the Committee on Government Operations and Military Affairs
Sponsor(s)
Location
House Committee on Government Operations and Military Affairs
Last Recorded Action
House 4/4/2023 - Read first time and referred to the Committee on Government Operations and Military Affairs
Bill/Resolution Text

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An act relating to divestment of State pension funds of investments in the fossil fuel industry

Detailed Status

Regular Session 2023-2024
Body Date Journal Calendar Location Full Status
An act relating to divestment of State pension funds of investments in the fossil fuel industry

Roll Call History

Regular Session 2023-2024
Body Date Journal Location Full Status

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Although procedurally bills and resolutions are assigned to only one committee at a time, other committees may review the bill or resolution. This page contains results from both the assigned committee as well as other committees.

An act relating to divestment of State pension funds of investments in the fossil fuel industry

Committee Meetings

Regular Session 2023-2024
Meeting Date Committee
An act relating to divestment of State pension funds of investments in the fossil fuel industry

Meeting Full List

Regular Session 2023-2024
Tuesday, January 31, 2023
Committee(s):
Senate Committee on Government Operations
3:20 PM

S.42 - An act relating to divestment of State pension funds of investments in the fossil fuel industry

Rebecca Wasserman, Legislative Counsel, Office of Legislative Counsel

Thursday, February 16, 2023
Committee(s):
Senate Committee on Government Operations
2:30 PM

S.42 - An act relating to divestment of State pension funds of investments in the fossil fuel industry

Thomas Golonka, Chair, Vermont Pension Investment Commission
Eric Henry, Chief Investment Officer, Vermont Pension Investment Commission
Gavin Boyles, Deputy Treasurer, Office of the State Treasurer
Ashlynn Doyon, Director of Financial Literacy, Outreach, and Special Projects, Office of the State Treasurer
Anna Petrini, Project Manager, Employment, Labor, and Retirement Program, National Conference of State Legislatures
David Provost, Executive Vice President, Office of Finance and Administration, Middlebury College

Friday, March 3, 2023
Committee(s):
Senate Committee on Government Operations
2:05 PM

S.42 - An act relating to divestment of State pension funds of investments in the fossil fuel industry

Walk-through of New Amendment

Rebecca Wasserman, Legislative Counsel, Office of Legislative Counsel
2:20 PM

S.42 - An act relating to divestment of State pension funds of investments in the fossil fuel industry

Michael Pieciak, Vermont State Treasurer, Office of the State Treasurer
Eric Henry, Chief Investment Officer, Vermont Pension Investment Commission
Jeff Fannon, Executive Director, Vermont National Education Association
Steve Howard, Executive Director, Vermont State Employees Association
Katie Green, Investments Manager, Office of the State Treasurer
Bill McKibben, Founder, Third Act Vermont
Tom Sanzillo, Director of Financial Analysis, Institute for Energy Economics and Financial Analysis
Steve Crofter, Retired Teacher
David McColgin, Member, Third Act Vermont
Gavin Boyles, Deputy Treasurer, Office of the State Treasurer

Tuesday, March 14, 2023
Committee(s):
Senate Committee on Government Operations
3:30 PM

S.42 - An act relating to divestment of State pension funds of investments in the fossil fuel industry

Mark-up and Discussion

Rebecca Wasserman, Legislative Counsel, Office of Legislative Counsel
Michael Pieciak, Vermont State Treasurer, Office of the State Treasurer
David McColgin, Member, Third Act Vermont
Thomas Golonka, Chair, Vermont Pension Investment Commission
Eric Henry, Chief Investment Officer, Vermont Pension Investment Commission

Thursday, March 16, 2023
Committee(s):
Senate Committee on Government Operations
2:20 PM

S.42 - An act relating to divestment of State pension funds of investments in the fossil fuel industry

Mark-up and Vote

Rebecca Wasserman, Legislative Counsel, Office of Legislative Counsel
Thomas Golonka, Chair, Vermont Pension Investment Commission
Michael Pieciak, Vermont State Treasurer, Office of the State Treasurer
David McColgin, Member, Third Act Vermont

Friday, March 17, 2023
Committee(s):
Senate Committee on Government Operations
12:30 PM

S.42 - An act relating to divestment of State pension funds of investments in the fossil fuel industry

Vote


Wednesday, March 22, 2023
Committee(s):
Senate Committee on Appropriations
3:30 PM

S.42 - An act relating to divestment of State pension funds of investments in the fossil fuel industry

Committee Discussion and Vote

Michael Pieciak, Vermont State Treasurer, Office of the State Treasurer
Ashlynn Doyon, Director of Policy, Office of the State Treasurer
Rebecca Wasserman, Legislative Council

Thursday, March 23, 2023
Committee(s):
Senate Committee on Appropriations
2:20 PM

S.42 - An act relating to divestment of State pension funds of investments in the fossil fuel industry

Vote


Friday, April 7, 2023
Committee(s):
House Committee on Government Operations and Military Affairs
1:15 PM

S.42 - An act relating to divestment of State pension funds of investments in the fossil fuel industry

Introduction and walk-through

Sen. Alison Clarkson, Reporter and Sponsor
Rebecca Wasserman, Legislative Counsel, Office of Legislative Counsel

Tuesday, April 18, 2023
Committee(s):
House Committee on Government Operations and Military Affairs
2:30 PM

S.42 - An act relating to divestment of State pension funds of investments in the fossil fuel industry

Chris Rupe, Fiscal Analyst, Joint Fiscal Office

Wednesday, April 19, 2023
Committee(s):
House Committee on Government Operations and Military Affairs
9:00 AM

S.42 - An act relating to divestment of State pension funds of investments in the fossil fuel industry

Michael Pieciak, Vermont State Treasurer, Office of the State Treasurer
Thomas Golonka, Chair, Vermont Pension Investment Commission
3:00 PM

S.42 - An act relating to divestment of State pension funds of investments in the fossil fuel industry

Bill McKibben, Founder, Third Act

Thursday, April 27, 2023
Committee(s):
House Committee on Government Operations and Military Affairs
10:50 AM

S.42 - An act relating to divestment of State pension funds of investments in the fossil fuel industry

Katie Green, Investments Manager, Office of the State Treasurer
Tom Sanzillo, Director of Financial Analysis, Institute for Energy Economics and Financial Analysis
Steve Crofter, Retired Teacher
2:42 PM

S.42 - An act relating to divestment of State pension funds of investments in the fossil fuel industry

Committee discussion


Thursday, April 11, 2024
Committee(s):
House Committee on Government Operations and Military Affairs
9:00 AM

S.42 - An act relating to divestment of State pension funds of investments in the fossil fuel industry

Testimony

Beth Pearce, Former Vermont State Treasurer
Michael Pieciak, Vermont State Treasurer, Office of the State Treasurer
David McColgin, Member, Third Act Vermont
Francie Marbury, Pension Holder, Educator, Formal Principal, Third Act Vermont
Patrick Flood, Pension Holder, Former Deputy Director of Human Services, Third Act Vermont
11:00 AM

S.42 - An act relating to divestment of State pension funds of investments in the fossil fuel industry

Walk-through and testimony

Rik Sehgal, Legislative Counsel, Office of Legislative Counsel
Eric Henry, Chief Investment Officer, Vermont Pension Investment Commission

Tuesday, April 16, 2024
Committee(s):
House Committee on Government Operations and Military Affairs
1:35 PM

S.42 - An act relating to divestment of State pension funds of investments in the fossil fuel industry

Testimony

Eric Henry, Chief Investment Officer, Vermont Pension Investment Commission
Thomas Golonka, Chair, Vermont Pension Investment Commission
Christopher Dube, Chair, Vermont Municipal Employees' Retirement System
Jon Harris, Chair, Vermont State Teachers Retirement System Board
Eric Davis, Vice Chair, Vermont State Employees Retirement System Board
Jeff Fannon, Executive Director, Vermont National Education Association
3:00 PM

S.42 - An act relating to divestment of State pension funds of investments in the fossil fuel industry

Continued


An act relating to divestment of State pension funds of investments in the fossil fuel industry

Witnesses Who Testified

Regular Session 2023-2024
House Committee on Government Operations and Military Affairs
  • Sen. Alison Clarkson, Reporter and Sponsor
  • Steve Crofter, Retired Teacher
  • Eric Davis, Vice Chair, Vermont State Employees Retirement System Board
  • Christopher Dube, Chair, Vermont Municipal Employees' Retirement System
  • Jeff Fannon, Executive Director, Vermont National Education Association
  • Patrick Flood, Pension Holder, Former Deputy Director of Human Services, Third Act Vermont
  • Thomas Golonka, Chair, Vermont Pension Investment Commission
  • Katie Green, Investments Manager, Office of the State Treasurer
  • Jon Harris, Chair, Vermont State Teachers Retirement System Board
  • Eric Henry, Chief Investment Officer, Vermont Pension Investment Commission
  • Francie Marbury, Pension Holder, Educator, Formal Principal, Third Act Vermont
  • David McColgin, Member, Third Act Vermont
  • Bill McKibben, Founder, Third Act
  • Beth Pearce, Former Vermont State Treasurer
  • Michael Pieciak, Vermont State Treasurer, Office of the State Treasurer
  • Chris Rupe, Fiscal Analyst, Joint Fiscal Office
  • Tom Sanzillo, Director of Financial Analysis, Institute for Energy Economics and Financial Analysis
  • Rik Sehgal, Legislative Counsel, Office of Legislative Counsel
  • Rebecca Wasserman, Legislative Counsel, Office of Legislative Counsel
Senate Committee on Appropriations
  • Ashlynn Doyon, Director of Policy, Office of the State Treasurer
  • Michael Pieciak, Vermont State Treasurer, Office of the State Treasurer
  • Rebecca Wasserman, Legislative Council
Senate Committee on Government Operations
  • Gavin Boyles, Deputy Treasurer, Office of the State Treasurer
  • Steve Crofter, Retired Teacher
  • Ashlynn Doyon, Director of Financial Literacy, Outreach, and Special Projects, Office of the State Treasurer
  • Jeff Fannon, Executive Director, Vermont National Education Association
  • Thomas Golonka, Chair, Vermont Pension Investment Commission
  • Katie Green, Investments Manager, Office of the State Treasurer
  • Eric Henry, Chief Investment Officer, Vermont Pension Investment Commission
  • Steve Howard, Executive Director, Vermont State Employees Association
  • David McColgin, Member, Third Act Vermont
  • Bill McKibben, Founder, Third Act Vermont
  • Anna Petrini, Project Manager, Employment, Labor, and Retirement Program, National Conference of State Legislatures
  • Michael Pieciak, Vermont State Treasurer, Office of the State Treasurer
  • David Provost, Executive Vice President, Office of Finance and Administration, Middlebury College
  • Tom Sanzillo, Director of Financial Analysis, Institute for Energy Economics and Financial Analysis
  • Rebecca Wasserman, Legislative Counsel, Office of Legislative Counsel

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Fiscal notes and materials available on this web page are provided for informational purposes only, and may not comprise all materials received by the Vermont Legislature or the final fiscal information related to a specific bill.  The Legislature is not responsible for the accuracy of any information in these materials, and their posting does not constitute approval or endorsement by the Legislature.

Fiscal Information

Fiscal Notes and Related Documents

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No committee of conference members found for S.42 in the Regular Session 2023-2024.
An act relating to divestment of State pension funds of investments in the fossil fuel industry

Committee of Conference Meetings

Regular Session 2023-2024
Meeting Date Committee
An act relating to divestment of State pension funds of investments in the fossil fuel industry

Committee of Conference Meeting Full List

Regular Session 2023-2024
No committee of conference meeting history found for S.42 in the Regular Session 2023-2024.
No committee of conference report found for S.42 in the Regular Session 2023-2024.

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Act

No act information found for S.42 in the Regular Session 2023-2024.

Staff & Other Information

Staff
Rebecca Wasserman, Legislative Counsel
Notes
S.42 incorporated in whole or in part into H.494

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