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Public commenter urges committee to consider state budget amendment restricting ideological investment decisions
Summary
A public commenter told the Cuyahoga County Investment Advisory Committee about an amendment in the state budget that would bar investing authorities from making investment decisions with the primary purpose of influencing environmental, social or ideological policy, and urged the committee to note the change as it reviews portfolio policy.
Mark Ashad, a public commenter, told the Cuyahoga County Investment Advisory Committee that an amendment in the state budget prohibits investing authorities'— including county treasurers or their delegates'from making investment decisions "with the primary purpose of influencing environmental, social, personal, or ideological policy unless expressly authorized by Ohio law."
Ashad said the amendment also would bar the state Board of Deposit from ordering the treasurer of state to sell or liquidate investments for that same purpose unless state law expressly…
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