,,ii  #aac? ,,congress  #a/ ,session    
,s4 #agdf  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,novemb] #bj1 #bjac,mr4
 ,:iteh\se 7= himself & ,ms4 ,hirono7   
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,homel& ,security & ,gov]nm5tal ,affairs
  ,a ,,bill  ,to am5d title #e1 ,unit$  
,/ates ,code1 to provide = a corporate  
responsibility inve/m5t option "u !     
,?rift ,sav+s ,plan4  #a4 ,%ort title   
,?is ,act may be cit$ z ! ,f$]al        
,employees ,responsible ,inve/m5t ,act4 
#b4 ,f9d+s ,congress f9ds ! foll[+3 7#a7
 ,! ,dep>tm5t ( ,labor has ass]t$ t     
socially responsible inve/m5ts meet !   
fiduci>y /&>ds set 9 ! ,employee        
,retirem5t ,income ,security ,act4  7#b7
 ,eighty-f\r p]c5t ( mutual fund        
inve/ors w\ld be m likely to inve/ 9 a  
fund if "o ( its pr9ciples 0 to inve/ 9 
companies t engage 9 e?ical bus9ess     
practices 9 t]ms ( op]ations & report+4 
7#c7 ,sev5ty-"o p]c5t ( inve/ors agree t
 companies t op]ate ) high] levels (    

integrity c>ry less inve/m5t risk1 & #fg
 p]c5t ( inve/ors believe t ^! companies
 deliv] bett] inve/m5t returns4  7#d7 ,!
 ,unit$ ,/ates ,national ,rese>* ,c\ncil
 has e/abli%$ t human activity is l>gely
 responsible = rec5t climate *ange &    
?reat5s significant h>m to our ,nation's
 public heal? & welf>e1 security1       
agriculture & =e/ry1 natural res\rces1  
infra/ructure1 & economy4  7#e7 ,9      
#bjab1 #c1gdj1jjj1jjj1jjj 0 inve/$ 9    
socially responsible funds 9 ! ,unit$   
,/ates4  #c4 ,corporate ,responsibility 
,/ock ,index ,fund  7a7 ,def9ition      
,section #hdch7;a7 ( title #e1 ,unit$   
,/ates ,code1 is am5d$-- 7#a7 by        
r$esignat+ p>agraphs 7#b7 ?r\gh 7#aj7 z 
p>agraphs 7#c7 ?r\gh 7#aa71             
respectively2  7#b7 by ins]t+ aft]      
p>agraph 7#a7 ! foll[+3  7#b7 ! t]m     
,corporate ,responsibility ,/ock ,index 
,fund means ! fund e/abli%$ "u          
subsection 7b77#a77;,g74  2 &  7#c7 9   
p>agraph 7#aj71 z r$esignat$ by p>agraph
 7#a7 ( ?is subsection1 by /rik+        

p>agraph 7#h77;,d7 ea* place x appe>s & 
ins]t+ p>agraph 7#i77;,d74  7b7         
,e/abli%m5t  7#a7 ,9 g5]al ,section     
#hdch7;b77#a7 ( title #e1 ,unit$ ,/ates 
,code1 is am5d$-- 7,a7 9 subp>agraph    
7,e71 by /rik+ & at ! end2  7,b7 9      
subp>agraph 7,f71 by /rik+ ! p]iod at ! 
end & ins]t+ 2 &2 &  7,c7 by add+ at !  
end ! foll[+3  7,g7 a ,corporate        
,responsibility ,/ock ,index ,fund z    
provid$ "u p>agraph 7#f74  4  7#b7 ,fund
 requirem5ts ,section #hdch7;b7 ( title 
#e1 ,unit$ ,/ates ,code1 is am5d$ by    
add+ at ! end ! foll[+3  7#f7 7,a7 7i7  
,! ,bo>d %all select a m9imum ( "o index
 :i* is a commonly recogniz$1 passively 
manag$ index compris$ ( /ocks 7f !      
,unit$ ,/ates or int]national equity    
m>kets7 t h be5 analyz$ & select$ bas$  
on crit]ia consi/5t ) ! purposes ( ?is  
p>agraph4  7ii7 ,! crit]ia "u clause 7i7
 %all at a m9imum include-- 7,i7        
corporate gov]nance2  7,,ii7            
environm5tal practices 7includ+ gre5h\se
 gas emissions & contribution to climate

 *ange72  7,,iii7 workplace relations & 
b5efits2  7,,iv7 product safety &       
impact2  7,v7 int]national op]ations &  
human rights2  7,,vi7 involvem5t )      
repressive regimes2 &  7,,vii7 community
 relations4  7iii7 ,! hi/orical p]=mance
 ( ea* index select$ "u ?is subp>agraph 
%all be comp>able to t ( ! o!r inve/m5t 
funds & options available "u ?is        
subsection4  7,b7 ,! ,corporate         
,responsibility ,/ock ,index ,fund %all 
be inve/$ 9 a portfolio design$ to      
replicate ! p]=mance ( ! index 9        
subp>agraph 7,a7 7or1 if m ?an "o index 
is select$1 ! ov]all av]age p]=mance74  
,! portfolio %all be design$ su* t1 to !
 ext5t practicable1 ! p]c5tage ( !      
,corporate ,responsibility ,/ock ,index 
,fund t is inve/$ 9 ea* /ock is ! same z
 ! p]c5tage det]m9$ by divid+ !         
aggregate m>ket value ( all %>es ( t    
/ock by ! aggregate m>ket value ( all   
%>es ( all /ocks includ$ 9 su* index 7or
 indexes74  4