All Roll Calls
Yes: 203 • No: 14
ArkansasHB13072025 Regular SessionHouse
TO ENSURE RESPONSIBLE FUND MANAGEMENT; AND TO AMEND THE UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT (2006).
Sponsored By: Joshua Bryant (Republican), Mindy McAlindon (Republican)
Enacted
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
Arkansas public charities face tighter investment rules
The law limits investment decisions by Arkansas government institutions holding funds only for charity, including state-supported two-year and four-year colleges. They cannot base investments, financial provider choices, or shareholder votes on specified nonfinancial policy goals. These include environmental and social goals, abortion or gender reassignment, firearm access, reducing businesses, and international agreements. Institutions also cannot direct or allow providers to advance those goals beyond what controlling law requires. If compliance requires a provider that materially harms a fund’s financial results, the institution can use a limited exception. It must choose the provider closest to meeting the rules without that harm. It must document comparisons with at least three alternatives, post required procurement-related notices, and review its decision at least yearly. Financial harm counts investment returns and fund-paid costs, but excludes government administrative costs paid outside the fund. The restrictions do not cover special gifts with contrary donor instructions in gift documents before January 1, 2024.
Sponsors & Cosponsors
Sponsors
Joshua Bryant
Republican • Senate
Mindy McAlindon
Republican • House
Cosponsors
Rebecca Burkes
Republican • House
Roll Call Votes
House vote • 3/13/2025
House Vote - Thursday, March 13, 2025 1:53:36 PM
Yes: 88 • No: 5 • Other: 2
Senate vote • 3/10/2025
Senate Vote - Monday, March 10, 2025 2:45:13 PM
Yes: 31 • No: 1 • Other: 2
House vote • 2/20/2025
House Vote - Thursday, February 20, 2025 11:18:25 AM
Yes: 84 • No: 8 • Other: 4
Actions Timeline
Notification that HB1307 is now Act 308
3/18/2025HouseCorrectly enrolled and ordered transmitted to the Governor's Office.
3/14/2025HouseTO BE ENROLLED
3/13/2025HouseSenate amendment # 1 read and concurred in.
3/13/2025HouseReturned by the Committee with the recommendation that it do pass, concur in Senate Amendment No. 1
3/12/2025HouseRe-referred to the Committee on INSURANCE & COMMERCE- HOUSE
3/10/2025HouseReturned from Senate as passed, as amended # 1
3/10/2025HouseReturned to the House as passed as amended # 1 .
3/10/2025SenateRead the third time and passed.
3/10/2025SenateReturned by the Committee, with the recommendation that it Do Pass
3/6/2025SenateRe-referred to INSURANCE & COMMERCE - SENATE
2/26/2025SenateREPORTED CORRECTLY ENGROSSED
2/26/2025SenateAmendment # 1 read the first time, rules suspended, read the second time and adopted, ordered engrossed.
2/26/2025SenateWithdrawn from Committee and placed on 2nd reading for purpose of amendment # 1
2/26/2025SenateRead first time, rules suspended, read second time, referred to INSURANCE & COMMERCE - SENATE
2/20/2025SenateReceived from the House.
2/20/2025SenateRead the third time and passed and ordered transmitted to the Senate.
2/20/2025HouseReturned by the Committee Do Pass
2/19/2025HouseREPORTED CORRECTLY ENGROSSED
2/17/2025HouseAmendment No. 2 read and adopted and the bill ordered engrossed.
2/17/2025HousePlaced on second reading for the purpose of amendment.
2/17/2025HouseREPORTED CORRECTLY ENGROSSED
2/10/2025HouseAmendment No. 1 read and adopted and the bill ordered engrossed.
2/10/2025HousePlaced on second reading for the purpose of amendment.
2/10/2025HouseRead the first time, rules suspended, read the second time and referred to the Committee on INSURANCE & COMMERCE- HOUSE
1/29/2025House
Bill Text
HB1307 - Introduced
1/29/2025
Act Version
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