Baton Rouge, LA — In a win for Louisiana’s public workers, Louisiana’s legislative session has come to an end, marking the defeat of dangerous bills that would have stripped investment choices away from public servants across the Bayou State. With Senate Bill 7 and House Bill 418 both now in the graveyard, Louisiana’s teachers, firefighters, and police officers can continue having their retirement savings invested wisely and without political interference.
“These anti-responsible investing bills failed because it’s simply bad policy,” said Kyle Herrig, spokesperson for Unlocking America’s Future. “Even in a deep-red state like Louisiana, anti-responsible investing legislation couldn’t get across the finish line because it would have devastated retirement security for teachers, firefighters, police officers, and other public servants. When legislation is so economically destructive that it can’t pass in the most favorable political environment, that tells you everything you need to know about how harmful these anti-responsible investing policies really are.”
How Anti-Responsible Investing Bills Harm Louisiana’s Economy:
Anti-responsible investing legislation represents political interference in sound business and investment practices. By targeting responsible investing in Louisiana, they would:
- Force investment managers to ignore known risks and reduce their options for growing Louisianans’ retirement savings
- Interfere with private financial institutions’ ability to make market-based decisions
- Limit access to capital for companies addressing climate challenges
Responsible investing isn’t about politics—it’s about smart economics. By considering all factors that affect long-term value, responsible investing approaches help create sustainable growth, good-paying jobs, and a more resilient Louisiana economy.
To speak with a UAF spokesperson about this legislation, please email us at press@unlockingamericasfuture.org.
