Trans Legislation Tracker

West Virginia SB850

OTHERINTRODUCED

Creating Protecting Shareholders Act

The purpose of this bill is to establish standards for a breach of fiduciary duty under the Protecting Investors Act.

Legislative Session

active

2025 Regular Session

Selected quotes

When a person has a fiduciary duty to any type of investor, it shall be prima facie evidence of a breach of that fiduciary duty when a company prioritizes an environmental, social, and governance or "ESG" program or prioritizes any other non-pecuniary interest over the financial interests of the equity owners of a company, when making financial decisions that will affect the investor.

Links

View bill on LegiScan

Calendar

datetimetypelocationdescription
2025-03-2614:00Hearing451-MSenate Banking and Insurance Committee Meeting

History

DateAction
2025-04-01Referred to Rules on 2nd reading
2025-03-31Laid over on 2nd reading 3/31/2025
2025-03-29Laid over on 2nd reading 3/29/2025
2025-03-28Laid over on 2nd reading 3/28/2025
2025-03-27On 2nd reading
2025-03-27Laid over on 2nd reading 3/27/2025
2025-03-26Committee substitute reported
2025-03-26Immediate consideration
2025-03-26Read 1st time
2025-03-20Filed for introduction
2025-03-20To Banking and Insurance
2025-03-20Introduced in Senate
2025-03-20To Banking and Insurance