The proposed legislation would create a senior investor task force within the SEC.
The Kansas bill, which has reached the governor, would reduce the state pension by $3.6 billion and cut its funded level by 10%, a fiscal analysis says.
Yale’s $41.4 billion endowment could be targeted by the city of New Haven if the proposed legislation passes.
Bipartisan legislation is intended to attract workers to fill state job vacancies.
Representatives reintroduce the Susan Muffley Act, which stalled in the Senate last year.
The pension giants would have to sell off more than $9 billion combined in assets by 2027.
The legislation aims to increase the rate at which PE and hedge fund managers are taxed.