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Trust advisers recap Texas legislative session: proxy-advisory bill moves while fiduciary bill stalls
Summary
Schleeder Group told the board the 89th Texas Legislature passed Senate Bill 2337 (proxy‑advisory regulation), while their draft fiduciary-duty bill (SB 312) did not leave committee. Trustees discussed interim coverage under their lobby contract and coordination with other plans.
Trustees received a legislative update from the Schleeder Group of Texas on how the 89th Texas Legislature affected public‑pension issues.
Jeff Heckler of the Schleeder Group opened the presentation by saying, “we're your eyes and ears in Austin, Texas,” and summarized the session’s temperament and outcomes. Brad Schleeder, who led the session overview for the group, said the largest pension-related result for the session was Senate Bill 2337, which moved through the Legislature and addresses proxy‑advisory…
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