# Connecticut SB 01557: AN ACT ESTABLISHING THE INVESTMENT BOARD AND CONCERNING INDEPENDENT REVIEW OF THE INVESTMENT PERFORMANCE OF THE STATE'S PENSION FUNDS.

Connecticut SB 01557, AN ACT ESTABLISHING THE INVESTMENT BOARD AND CONCERNING INDEPENDENT REVIEW OF THE INVESTMENT PERFORMANCE OF THE STATE'S PENSION FUNDS., is a 2025 Regular Session Senate bill sponsored by Finance, Revenue and Bonding Committee; status failed, last action 2025-04-24 (Motion Failed JF) (as of 2026-10-17).

- Canonical: https://policyrisk.com/state-bill/CT-SB01557-2025
- As of: 2026-10-17
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Connecticut SB 01557
- State: Connecticut
- Session: 2025 Regular Session
- Title: AN ACT ESTABLISHING THE INVESTMENT BOARD AND CONCERNING INDEPENDENT REVIEW OF THE INVESTMENT PERFORMANCE OF THE STATE'S PENSION FUNDS.
- Status: failed
- Chamber: Senate
- Introduced: 2025-04-09
- Last action: 2025-04-24, Motion Failed JF
- Sponsor: Finance, Revenue and Bonding Committee
- Cosponsors: 0
- Subjects: finance, revenue and bonding
- Touches household money: no
- Roll calls: 1 (17 yes, 35 no in all)
- Economic provisions PRIA read: 0

## Summary

To (1) establish the Investment Board and sunset the Investment Advisory Council, and (2) require the Office of Legislative Management to issue a request for proposals for an advisory firm to conduct an independent review of the investment performance of the state's pension funds relative to peer states' investment performances and submit a report of such review on an annual basis.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Finance, Revenue and Bonding Committee

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2025-04-24 | Senate | FIN Vote Tally Sheet (MOTION FAILED) | pass | 17 | 35 |   |

## Actions (3)

- 2025-04-24: Motion Failed JF (legislature)
- 2025-04-10: Public Hearing 04/14 (legislature)
- 2025-04-09: Referred to Joint Committee on Finance, Revenue and Bonding (legislature)

## Bill text

- Raised Bill, 2025-04-09: [PDF](https://www.cga.ct.gov/2025/TOB/S/PDF/2025SB-01557-R00-SB.PDF)
- FIN Vote Tally Sheet (MOTION FAILED): [PDF](https://www.cga.ct.gov/2025/TS/S/PDF/2025SB-01557-R00FIN-CV105-TS.PDF)

## Related bills

- HB 05013: AN ACT ADDING CERTAIN PLANTS TO THE INVASIVE PLANTS LIST. (signed)
- SB 01558: AN ACT CONCERNING INCOME TAXES IMPOSED BY OTHER JURISDICTIONS ON RESIDENTS OF THE STATE. (signed)
- SB 01396: AN ACT CONCERNING EARNED BUT UNPAID WAGE OR SALARY INCOME ADVANCES. (signed)
- SB 01187: AN ACT CONCERNING FORECLOSURE, ASSIGNMENT AND OTHER ENFORCEMENT ACTIONS FOR UNPAID SEWER ASSESSMENTS AND OTHER FEES AND CHARGES. (signed)
- HB 07236: AN ACT CONCERNING HUMAN TRAFFICKING AND SEXUAL ASSAULT VICTIMS. (signed)
- HB 07192: AN ACT IMPLEMENTING RECOMMENDATIONS OF THE BIPARTISAN DRUG TASK FORCE. (signed)

## Sources
- [Raised Bill (PDF)](https://www.cga.ct.gov/2025/TOB/S/PDF/2025SB-01557-R00-SB.PDF)
- [FIN Vote Tally Sheet (MOTION FAILED) (PDF)](https://www.cga.ct.gov/2025/TS/S/PDF/2025SB-01557-R00FIN-CV105-TS.PDF)

## Related
- [HB 05013: AN ACT ADDING CERTAIN PLANTS TO THE INVASIVE PLANTS LIST.](https://policyrisk.com/state-bill/CT-HB05013-2025)
- [SB 01558: AN ACT CONCERNING INCOME TAXES IMPOSED BY OTHER JURISDICTIONS ON RESIDENTS OF T…](https://policyrisk.com/state-bill/CT-SB01558-2025)
- [SB 01396: AN ACT CONCERNING EARNED BUT UNPAID WAGE OR SALARY INCOME ADVANCES.](https://policyrisk.com/state-bill/CT-SB01396-2025)
- [SB 01187: AN ACT CONCERNING FORECLOSURE, ASSIGNMENT AND OTHER ENFORCEMENT ACTIONS FOR UNP…](https://policyrisk.com/state-bill/CT-SB01187-2025)
- [HB 07236: AN ACT CONCERNING HUMAN TRAFFICKING AND SEXUAL ASSAULT VICTIMS.](https://policyrisk.com/state-bill/CT-HB07236-2025)
- [HB 07192: AN ACT IMPLEMENTING RECOMMENDATIONS OF THE BIPARTISAN DRUG TASK FORCE.](https://policyrisk.com/state-bill/CT-HB07192-2025)
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Source: PRIA, https://policyrisk.com/state-bill/CT-SB01557-2025 (as of 2026-10-17).