House Passes Bill to Allow Treasurer to Set Comp Investment Terms

The Wyoming House of Representatives on Tuesday passed a bill that would allow the state treasurer to set investment policies for the monopolistic workers' compensation fund. The House voted 43-14 to pass HB 46, which would remove the responsibility of determining the percentage of funds to be invested in common stock from the director of the Department of Workforce Services. However, the director would still have input in the process, as the bill requested by the Joint Appropriations Interim Committee would require the treasurer to consult with the DWS director and the state loan an...