Jefferson City, MO — Today, House Bill 147, a harmful anti-responsible investing bill, became law threatening the retirement security of Missouri’s police officers. This bill undermines sound investment practices and exposes Missouri police officers’ retirement savings to unnecessary risks.
HB 147 is part of a broader attack on responsible investing. Attorney General Andrew Bailey has launched investigations into shareholder advisory firms, marking another attack on responsible investing that considers all risks to protect pensions and investments for Missourians.
“This bill severely limits the freedom to make fully informed investment decisions and jeopardizes the retirement savings of Missouri police officers,” said Kyle Herrig, Spokesperson, Unlocking America’s Future.”Now, with Attorney General Bailey’s politically motivated investigations into shareholder advisory firms, Republican lawmakers in Missouri continue to attack the retirement savings of hard-working Missourians and the freedom to invest.”
Unlocking America’s Future is proud to support the fight against anti-responsible investing legislation in Missouri and nationwide, and that’s why UAF fought to protect retirement security, lower costs, and strengthen American competitiveness.
Learn more about the other anti-responsible investing bills moving in Missouri’s legislature that will lead to higher costs, fewer choices, and more risks to retirement savings here.
How Anti-Responsible Investing Bills Would Harm Missouri’s Economy:
These bills represent political interference in sound business and investment practices. By targeting responsible investing in Missouri, they would:
- Force pension and investment managers to ignore known risks and reduce their options for growing Missourians’ retirement money
- Limit access to capital for companies addressing climate challenges
- Reduce banking competition and financial service options in the state
- Create legal uncertainty for virtually all businesses operating in the state
- Could increase costs for Missouri businesses
- Interfere with private financial institutions’ ability to make market-based decisions
- Potentially reduce retirement earnings for Missouri’s teachers, firefighters, police officers, and other public servants
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 Missouri economy.
