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S 4097
Too Narrow to Succeed Act
Introduced
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- Passed House
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- Became Law
Bill overview
Too Narrow to Succeed Act This bill requires federal institutional investors to report on their use of diverse-owned asset management firms. Additionally, the Department of Labor must conduct a survey of public- and private-sector pension plans regarding best practices for increasing the utilization and capacity of diverse-owned asset management firms.
Sponsors
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Primary sponsor
Tim Kaine
SenateVADemocrat
Cosponsors
Cory A. Booker
SenateNJDemocrat
Mark R. Warner
SenateVADemocrat
Patty Murray
SenateWADemocrat
Robert Menendez
HouseNJDemocrat
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