In his weekly media availability, the head of the Indiana Chamber of Commerce did not express high hopes for House legislation that would limit the investments made by the state’s pension system.
Under HB 1008, Indiana’s public pension system would have to divest from firms or funds that use certain non-financial investment criteria. That could cost the state, according to fiscal analysts, nearly $7 billion.
The legislation is known as the anti-ESG bill. It is part of a Republican effort to crack down on the environmental, social and governmental framework known as ESG investing.
Kevin Brinegar told the media Tuesday morning that when the legislation was first introduced it was lawmakers trying to make a statement; now wiht the $7 billion price tag, Brinegar says lawmakers maybe having second thoughts.
You can hear Brinegar in the Leon-Tailored Audio above. It runs for about 20 minutes.
Brinegar also talks about other bills moving through the Indiana General Assembly, including ones that touch on property taxes and non-compete agreements for physicians.
