WyomingSF 1452025 General SessionSenateWALLET

AN ACT relating to public funds; authorizing specified local governments to invest in equities as specified; specifying requirements for investments in equities; specifying applicability; authorizing actions; and providing for effective dates.

Sponsored By: Tara Nethercott (Republican)

Signed by Governor

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 1 benefits, 0 costs, 1 mixed.

Timing and rollout of stock investing rules

Political subdivisions cannot invest in stocks until the state board adopts the required policies. The state treasurer and the state loan and investment board must take all steps needed to implement the law. Most of the law is already in effect, but the stock investing authority starts on July 1, 2025.

Local governments can invest in stocks

Beginning July 1, 2025, the state treasurer and local governments can invest public funds in corporate stocks. They must follow investment policies set by the state loan and investment board, which will mirror existing public fund rules. Political subdivisions that invest must create an investment advisory board. Any gains or losses stay with the government entity that invests. These stock investments are exempt from some older limits, giving more flexibility but also more market risk.

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Sponsors & Cosponsors

Sponsor

  • Tara Nethercott

    Republican • Senate

Cosponsors

  • Elissa Campbell

    Republican • House

  • Tom Kelly

    Republican • House

  • Cody Wylie

    Republican • House

  • Ed Cooper

    Republican • Senate

  • Gary Crum

    Republican • Senate

  • Dan Dockstader

    Republican • Senate

  • Bill Landen

    Republican • Senate

Roll Call Votes

All Roll Calls

Yes: 119 • No: 12

Senate vote 2/27/2025

S Concur:Passed 27-2-2-0-0

Yes: 27 • No: 2

House vote 2/26/2025

H 3rd Reading:Passed 54-6-2-0-0

Yes: 54 • No: 6

House vote 2/20/2025

H02 - Appropriations:Recommend Amend and Do Pass 7-0-0-0-0

Yes: 7 • No: 0

Senate vote 2/10/2025

S 3rd Reading:Passed 27-3-1-0-0

Yes: 27 • No: 3

Senate vote 1/29/2025

S07 - Corporations:Recommend Amend and Do Pass 4-1-0-0-0

Yes: 4 • No: 1

Actions Timeline

  1. Governor Signed SEA No. 0056

    3/3/2025Governor
  2. Assigned Chapter Number 96

    3/3/2025
  3. S Received for Concurrence

    2/27/2025Senate
  4. S Concur:Passed 27-2-2-0-0

    2/27/2025Senate
  5. Assigned Number SEA No. 0056

    2/27/2025
  6. S President Signed SEA No. 0056

    2/27/2025Senate
  7. H Speaker Signed SEA No. 0056

    2/27/2025House
  8. H 3rd Reading:Passed 54-6-2-0-0

    2/26/2025House
  9. H 2nd Reading:Passed

    2/25/2025House
  10. H COW:Passed

    2/24/2025House
  11. H02 - Appropriations:Recommend Amend and Do Pass 7-0-0-0-0

    2/20/2025House
  12. H Placed on General File

    2/20/2025House
  13. H Introduced and Referred to H02 - Appropriations

    2/12/2025House
  14. S 3rd Reading:Passed 27-3-1-0-0

    2/10/2025Senate
  15. H Received for Introduction

    2/10/2025House
  16. S 2nd Reading:Passed

    2/7/2025Senate
  17. S COW:Passed

    2/6/2025Senate
  18. S07 - Corporations:Recommend Amend and Do Pass 4-1-0-0-0

    1/29/2025Senate
  19. S Placed on General File

    1/29/2025Senate
  20. S Introduced and Referred to S07 - Corporations

    1/24/2025Senate
  21. S Received for Introduction

    1/21/2025Senate
  22. Bill Number Assigned

    1/20/2025

Bill Text

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