House Resolution No. by Representative Melerine urges each state retirement system in Louisiana to submit written reports detailing their proxy voting results for the previous calendar year. These reports are to be submitted to the House Committee on Retirement no later than sixty days before the 2025 and 2026 Regular Sessions of the Legislature. The resolution highlights the increasing prevalence of politically motivated shareholder proposals, particularly those related to environmental and social issues, which may conflict with the fiduciary responsibilities of public company boards and could negatively impact the economic performance of the state's investments.

The resolution expresses concern over the influence of unregulated proxy advisory firms, which are often foreign-owned and may promote agendas that do not align with the interests of Louisiana's residents or pension investments. By requiring transparency in proxy voting records, the resolution aims to provide the legislature with the necessary information to address potential issues arising from proxy advisory firms and to protect the financial interests of the state's retirement systems and their beneficiaries.