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House rejects amendment to create one-time transfer to new savings policy; Senate file 70 then passes
Summary
The Wyoming House rejected an amendment that would have created an initial $100 million transfer into a new savings account tied to a reserve threshold and then passed Senate File 70 on final reading.
Members debated third-reading Amendment 1 to Senate File 70, an amendment that would have created a transfer into an income-tax-prevention-style savings account conditioned on state investment reserves exceeding a threshold. Representative Harshman, sponsor of the amendment, described it as an effort "to take our money and actually get it working harder for us," referencing global sovereign-wealth examples and a mechanism to transfer $100 million once an LSRA…
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