Radio for Monday April 17th
Today is the third reading deadline and the end of the second half of the 2023 legislative session. There are 18 bills on 3rd reading. Tomorrow begins the Conference Committee Phase of session. During conference committee bills amended in the Senate can be concurred on meaning the House agrees with the Senate’s changes or dissented on meaning the House author disagrees with the Senate Changes. Those bills concurred on will be voted on again in the House while those dissented on will be voted on again in the House and Senate. Bills not passing this phase will die. As you can see passing legislation can be most difficult.
SB 268 sponsor Rep Chris Judy
Summary of Legislation:
The bill prohibits the Indiana Public Retirement System (INPRS) from investing
in certain restricted entities or restricted investment products, including particular investments publicly
confirmed to be controlled by the People’s Republic of China or the Chinese Communist Party. It specifies
exceptions, a divestment schedule, and reporting requirements. The bill also adds a provision urging the
Legislative Council to assign to the Interim Study Committee on Pension Management Oversight (PMOC)
the topic of studying whether to cease or defer divestment or resume investment in an entity or product in
accordance with the provisions regarding divestment from Chinese companies.
HB1034 Author Frye. This bill is on 3rd reading Monday in the Senate. If passed it’ll return to the House where I’ll concur on it. The bill exempts military pay for members of a reserve component of the armed forces of the United States or the national guard from the individual income tax.
HB1001. Author Representative Thompson. The bill will advance out of the Senate this week and enter conference committee. Those changes in the budget from the Governor’s proposal and the House passed version will be debated in conference committee. The budget will be in excess of 38 billion dollars and will include funding increases for K-12 education, starting pay for Indiana State Police at $70,000, provides funding for books and fees for k-12 students and much more. The final version of the budget will pass by April 27th.
