This bill requires the state Board of Treasury Investments and the West Virginia Investment Management Board to only entrust funds to certain fiduciaries who agree to manage the funds in accordance with decisions based on pecuniary interests. This means that funds cannot be directed toward ESG-related causes for the sake of promoting ESG objectives. CPAC supports efforts to diminish government support of ESG and supported this bill. The Senate passed this bill on March 10, 2023 by a vote of 30-2 and the bill later became law.