A new bill filed by State Rep. Kyle Hall in the North Carolina House seeks to modernize investment management by creating an independent authority to oversee state funds and investment strategies, according to the North Carolina State House.
The bill, filed as HB 506 on March 24 during the 2025 regular session, was formally listed with the short title: ‘2025 State Investment Modernization Act.-AB’
The following is our breakdown, based on the actual bill text, and may include interpretation to clarify its provisions.
In essence, this bill, known as the 2025 State Investment Modernization Act, aims to reorganize and update investment management within North Carolina by creating the North Carolina Investment Authority (NCIA). The NCIA will operate independently of the Department of State Treasurer and have powers such as acquiring real and personal property, suing, entering into contracts, and making investments specifically authorized under state law. The bill outlines the structure and responsibilities of the NCIA Board of Directors, which will oversee investment strategies, policies, and performance of funds like Retirement Systems, General Fund, and Escheats Fund, among others. The bill also mandates a focus on fiduciary duty and financial prudence in integrating environmental or social considerations only as they present material financial impacts. Effective July 1, 2025, certain sections, including those related to employee management and reporting requirements, will take effect, with the NCIA set to manage investments beginning Jan. 1, 2026.
Of the four sponsors of this bill, Hall proposed the most bills (22) during the 2025 regular session.
Bills in North Carolina follow a multi-step process before becoming law. A lawmaker starts by filing a bill, which is assigned to a committee for review. The bill must be read three times in each chamber. If one chamber changes the bill after the other passes it, both must agree on the final version. Once both chambers approve the same bill, it goes to the governor, who has 10 days (or 30 if the legislature is not in session) to sign, veto, or let it become law without a signature.
You can read more about the bills and other measures here.
Hall graduated from the University of North Carolina at Chapel Hill in 2012 with a BA.
Hall, a Republican, was elected to the North Carolina State House in 2015 to represent the state’s 91st House district, replacing previous state representative Bryan Holloway.
| Authors | Bill Number | Date Filed | Title |
|---|---|---|---|
| Kyle Hall, Brenden H. Jones, Stephen M. Ross, and Steve Tyson | HB 506 | 03/24/2025 | 2025 State Investment Modernization Act.-AB |
| Kyle Hall, David Willis, Matthew Winslow, and Ray Pickett | HB 490 | 03/24/2025 | Propel NC Funding and Tuition Surcharge. |
| Kyle Hall, Brenden H. Jones, Jeffrey C. McNeely, and Mike Schietzelt | HB 469 | 03/20/2025 | Restoring Rivalries Act. |
| Kyle Hall, Brian Biggs, Jennifer Balkcom, and Sarah Stevens | HB 478 | 03/20/2025 | Modify Appointment Process for DA Vacancies. |
| Kyle Hall, Cody Huneycutt, Hugh Blackwell, and Sarah Stevens | HB 443 | 03/18/2025 | Const. Amendment: Council of State Vacancies. |
| Kyle Hall, Becky Carney, and Erin Paré | HB 418 | 03/17/2025 | K-5 Performing and Visual Arts Requirement. |
| Kyle Hall and Donny Lambeth | HB 419 | 03/17/2025 | School of the Arts Building Purchase. |
| Kyle Hall, Allen Chesser, Cody Huneycutt, and Heather H. Rhyne | HB 351 | 03/10/2025 | Recovery-Friendly Workplace Program/Funds. |
| Kyle Hall, Donnie Loftis, and Donny Lambeth | HB 274 | 03/04/2025 | Foster Care Services/Funds. |
| Kyle Hall, Brenden H. Jones, Celeste C. Cairns, and Mike Clampitt | HB 276 | 03/04/2025 | Align Benefits for Firefighters with Cancer. |
| Kyle Hall, B. Ray Jeffers, Charles W. Miller, and Sarah Crawford | HB 258 | 03/03/2025 | Utility Worker Protection Act. |
| Kyle Hall, Hugh Blackwell, Mike Schietzelt, and Sarah Stevens | HB 182 | 02/24/2025 | Rev. Law Perm. Protect Order/Child Abuse. |
| Kyle Hall, Chris Humphrey, Jarrod Lowery, and Jeffrey C. McNeely | HB 135 | 02/17/2025 | Misbranding/Cell-Cultured Meat/WNC Donations. |
| Kyle Hall, Donny Lambeth, Erin Paré, and Larry W. Potts | HB 124 | 02/13/2025 | Adopt Official State Cookie. |
| Kyle Hall, Donna McDowell White, Donny Lambeth, and Erin Paré | HB 125 | 02/13/2025 | Continuing Budget Operations. |
| Kyle Hall, Charles Smith, Edward C. Goodwin, and Eric Ager | HB 114 | 02/12/2025 | Employment Preference for Military Personnel. |
| Kyle Hall, Brian Biggs, Julia C. Howard, and Steve Tyson | HB 96 | 02/11/2025 | Expedited Removal of Unauthorized Persons. |
| Kyle Hall, Dean Arp, Donny Lambeth, and Larry C. Strickland | HB 74 | 02/10/2025 | House Budget Technical Corrections. |
| Kyle Hall, Allen Chesser, Donny Lambeth, and Erin Paré | HB 46 | 02/04/2025 | Make Healthcare Affordable. |
| Kyle Hall, Donny Lambeth, Jeff Zenger, and Larry W. Potts | HB 30 | 02/03/2025 | SchCalFlex/WS-F,Stokes,Davdsn/Aug11 & Assmnts. |
| Kyle Hall, Brian Biggs, Neal Jackson, and Stephen M. Ross | HB 31 | 02/03/2025 | Make Election Day A State Holiday. |
| Kyle Hall, Donny Lambeth, Jeff Zenger, and Tricia Ann Cotham | HB 34 | 02/03/2025 | Establish Larceny of Mail Offense. |
