Bill: SB 1665, 85(R) - 2017
Committee
Senate State Affairs
2nd Chamber Committee
House Pensions
Vote Recommendation
| Vote Recommendation |
Economic Freedom |
Property Rights |
Personal Responsibility |
Limited Government |
Individual Liberty |
| Neutral |
Neutral |
Neutral |
Neutral |
Neutral |
Neutral |
Author(s)
Joan Huffman
Sponsor(s)
Dan Flynn
Bill Caption
Relating to the investment authority of the Teacher Retirement System of Texas.
Fiscal Notes
No fiscal implication to the State is anticipated.
Bill Analysis
SB 1665 would give the board of trustees of the Teacher Retirement System of Texas the authority to invest in any derivative instrument and any other instrument commonly used by institutional investors. The board may also delegate discretionary investment authority to external investment managers to manage no more than 30 percent of the retirement system’s assets.
Vote Recommendation Notes
The updates this bill would make to investment authority for the TRS do not affect our liberty principles and we remain neutral.
