Senate BillIntroduced
S 7240: Prohibits the comptroller from using environment, social, and governance criteria as a screening method for selecting companies and funds to invest the state pension fund in.
What S 7240 does, verified January 10, 2026
The bill aims to prohibit the New York State Comptroller from using environment, social, and governance (ESG) criteria when investing the state pension fund. The trustee or trustees of the fund will be prohibited from using ESG criteria as a screening method for selecting companies and funds to invest in. This change will take effect immediately.
Bill journey
1IntroducedCurrent
2In CommitteePending
3First Chamber FloorPending
4Second ChamberPending
5GovernorPending
6ChapteredPending
Last action: REFERRED TO CIVIL SERVICE AND PENSIONS (2026-01-07)Alert me
Quick answers about S 7240
- What is the current status of S 7240?
- As of January 10, 2026, S 7240 is recorded as "Introduced": it has been introduced and is waiting for its first committee hearing or floor vote. The last recorded action, on January 7, 2026, was "REFERRED TO CIVIL SERVICE AND PENSIONS".
- Did S 7240 pass?
- Not yet. S 7240 has been introduced and has not passed either house.
- Who wrote S 7240, and where is it now?
- S 7240 was authored by Sen. Andrew Lanza. Its committee of record is Senate Civil Service & Pensions.
Author and sponsors
Full contact details, staff, and committees with Connect, $16/moUnlockRecent actions2 total · showing 2
| Jan. 07, 2026 | REFERRED TO CIVIL SERVICE AND PENSIONS |
| Apr. 07, 2025 | REFERRED TO CIVIL SERVICE AND PENSIONS |
Latest bill textIntroduced version, April 7, 2025 · 180 words
STATE OF NEW YORK ________________________________________________________________________ 7240 2025-2026 Regular Sessions IN SENATE April 7, 2025 ___________ Introduced by Sen. LANZA -- read twice and ordered printed, and when printed to be committed to the Committee on Civil Service and Pensions AN ACT to amend the retirement and social security law, in relation to prohibiting the comptroller from using environment, social, and gover- nance criteria when investing the state pension fund The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Section 177 of the retirement and social security law is 2 amended by adding a new subdivision 11 to read as follows: 3 11. The trustee or trustees of such fund shall be prohibited from 4 using environmental, social, and governance criteria as a screening 5 method for selecting companies and funds to invest in. 6 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD00589-01-5
Text of S 7240 as introduced, from the official record. Connect Plus keeps every version and highlights what changed.Compare versions