Despite estimates of billions in investment losses, Freedom Caucus lawmakers again advanced a bill Tuesday that would punish contracted financiers who invest Wyoming’s money in funds with environmental, social and governance goals.
The faction, newly in control of the House, is dead set against seeing public investments put into such funds, which it sees as antithetical to Wyoming’s fossil fuel industries.
Blocking investments based on such goals has broad support in the Capitol, and is already reflected in state policies, according to state agency testimony in recent days. But the state’s money managers say a piece of the bill that brings steep financial penalties against financiers who violate the rules against ESG investing would make Wyoming’s combined $40 billion in investments toxic to major firms and thus slow returns.
On the House floor Tuesday, Rep. Bob Nicholas, the former head of the House Appropriations Committee and a veteran of a separate committee that oversees the state’s investments, said Wyoming’s financiers estimate losses approaching $5 billion in lost returns over the next three years.
Advertisement
State retirement system officials have estimated a loss of more than $1.2 billion in returns over the next three years from more than $8 billion in pension funds if managers drop Wyoming as a client. Separately, Wyoming’s Chief Investment Officer Patrick Fleming estimated lost revenue at around $3.5 billion from the more than $30 billion his office manages.
The conflict is fueling fierce debate in the House. Lawmakers long-familiar with the state’s investment funds like Nicholas, R-Cheyenne, and Rep. Steve Harshman, R-Casper, spoke passionately against the bill, saying the House was ignoring people Wyoming had both hired, and in State Treasurer Curt Meier’s case elected, to manage the public’s money.
“We’re debating whether or not the investment professionals that we hire are wrong or right,” Nicholas said. “They’ve got the biggest flashing red light up that you can see.”
During Harshman’s tenure as House speaker, from 2016-2020, he leveraged returns from the state’s trust funds to protect public education through lean budget years. On Tuesday, he sought to defend those assets. The state’s investment pools, built up with mineral royalties, were a “tremendous gift from our forefathers and our energy companies,” that should not be risked, he said. “This is about Wyoming’s future.”
But Harshman and Nicholas’ camp of traditional Republicans no longer command a voting majority on the House floor. The Freedom Caucus does, and its members pushed the bill through its first chamber vote, 34-26. The caucus accounts for 34 House members, according to public membership lists and campaign endorsements.
Advertisement
By a similar margin, 33-25, House members voted down an amendment brought by Nicholas that would have struck the penalty for financiers from the bill. That penalty is driving most of the consternation, and even Nicholas said he might back the bill were it taken out.
But Freedom Caucus lawmakers voiced skepticism of the losses estimated by the state treasurer and managers of the retirement pool, and even some antipathy to those officials.
“Since when do employees of the state tell us what they will and won’t do for us?” Freedom Caucus member Rep. Pepper Ottman, R-Riverton, said.
“These financial teams of the state they’re making a lot of money,” she said, referencing the investment team’s compensation. “If they want to go somewhere else … other states are doing the same thing and it’s not going to be that tough.”
Rep. Christopher Knapp, R-Gillette, chairs the House Corporations, Elections and Political Subdivisions Committee at the start of the 2025 Legislative session. (Mike Vanata/WyoFile)
The bill’s primary sponsor, Gillette Republican Rep. Christopher Knapp, offered a more measured defense of the bill. Knapp amended the legislation in response to oppositional testimony during a Friday committee hearing.
Advertisement
But Knapp stuck by the penalty. “All I’m trying to do is codify what those investment managers follow today,” Knapp said during Tuesday’s debate. “Yes that should be written into a contract,” with fund managers, he said. “Yes, [a contract] that will hold people accountable.”
After Nicholas’ amendment failed, lawmakers passed a second one, cosponsored by Knapp. That tweak exempted state employees, but not outside money managers, from the penalties.
“I don’t understand why we are rushing this across an imaginary goal line.”
Rep. Martha Lawley, R-Worland
Monday, after adopting Knapp’s previous amendment, the House Minerals, Business and Economic Development Committee sent the bill to the House floor without taking further public testimony. The committee’s Freedom Caucus members overruled two of their Republican colleagues who sought to reopen testimony and gauge how state officials viewed the change.
Treasurer Meier warned last week that “the better half of my staff are all going to walk out the door,” if the bill passes. He has not since publicly weighed in on the measure’s impacts in the wake of Knapp’s changes.
Advertisement
But Nicholas told his colleagues both Fleming, the chief investment officer, and officials managing the pension fund are sticking by their estimates of dire losses.
Other lawmakers told their colleagues that the news of potential pension fund losses has spawned waves of concerned calls from retired state employees.
The bill is part of the Freedom Caucus’ “five and dime” plan — a package of legislation the bloc has pledged to pass by next week to demonstrate its ability to lead the House.
On the floor Tuesday, one of the Minerals Committee members, Rep. Martha Lawley of Worland, reiterated her frustrations with the committee’s choice not to work on the bill further before sending it to the House floor.
“It’s not a small matter at all,” she said. “We owe [voters] to get it right. I don’t understand why we are rushing this across an imaginary goal line. In their view, we are not authorized to play politics with their retirement fund.”
As a plaintiff in the 2022 lawsuit that kicked off years of legal sparring over Wyoming abortion rights, Dr. Giovannina Anthony had waited a long time for Tuesday’s Supreme Court decision on the state’s abortion bans.
“It has been a long road,” she said. One with ups and downs, drawbacks and delays. And even though the high court ruled against the state’s abortion bans, she’s not under the illusion that the fight for abortion access is over.
“But at least today, we can claim a victory and say, it was really worth it,” said Anthony, a Jackson obstetrician. “It was worth it to go four years and keep it up and keep raising money and keep the awareness going. I’m really proud of our team. I’m really proud of what we accomplished.”
In reading the Supreme Court’s decision siding with plaintiffs, Anthony said, “Clearly, this is a court that holds a lot of respect for our constitution.”
Advertisement
That’s because much of the decision hinged on constitutional language.
Anthony and other plaintiffs argued that abortion is enshrined in the “right of health care access” in Article 1, Section 38 of the Wyoming Constitution. The clause states, “Each competent adult shall have the right to make his or her own health care decisions.”
The state’s attorneys, meanwhile, countered that abortion isn’t health care.
But in deciding what that language means in this case, “all five Wyoming Supreme Court justices agreed that the decision whether to terminate or continue a pregnancy is a woman’s own health care decision protected by Article 1, Section 38,” the court’s summary stated.
As abortion rights activists in Wyoming and beyond celebrated the decision, the anti-abortion camp decried it and called for legislative action.
Advertisement
“This ruling is profoundly unfortunate and sadly serves to only prolong the ultimate proper resolution of this issue,” Gov. Mark Gordon said in a statement. While the ruling may settle a legal question for the time being, Gordon said, “it does not settle the moral one, nor does it reflect where many Wyoming citizens stand, including myself.”
Anti-abortion activists in the silent March for Life in Cheyenne in January 2020. (Nadav Soroker, Wyoming Tribune Eagle/Wyoming News Exchange)
Gordon asked the Attorney General’s office to file a petition for rehearing the decision, which it will file within 15 days.
The voters of Wyoming should settle the matter once and for all, Gordon argued. “A constitutional amendment taken to the people of Wyoming would trump any and all judicial decisions.”
He called on the Legislature to pass such an amendment during the upcoming session and deliver it to his desk. A constitutional amendment requires a two-thirds vote in both the House and Senate to appear on the ballot in the following general election.
Gordon may get his wish during the Legislature’s 2026 budget session, which convenes Feb. 9.
Advertisement
State lawmakers are already preparing a bill to modify the Wyoming Constitution and clear a path for another attempted abortion ban. Speaker of the House Chip Neiman, a Republican from Hulett, said that he’s been workshopping language with Torrington Republican Sen. Cheri Steinmetz.
“I’ve got to run it by a lot of other people,” Neiman said.
Reps. Rachel Rodriguez-Williams and Chip Neiman listen during a 2023 hearing on their request to defend Wyoming’s abortion ban. (Brad Boner/Jackson Hole News&Guide/Pool)
Ideally, he added, a single constitutional amendment would be considered, although the legislative strategy is still up for discussion.
“We’ve got a little over a month before we have to be in session,” Neiman said. “That’ll give us time to kind of see which is maybe the best plan of action.”
A constitutional amendment would have to navigate the legislative process in a 20-day session geared toward passing Wyoming’s budget. Then, in the 2026 general election, more than half of Wyoming voters who cast a ballot would have to agree to the constitutional change.
Neiman struck an optimistic tone about an amendment’s prospects of passing the first hurdle during the session in Cheyenne.
Advertisement
“I can’t speak for the other chamber,” he said, “but in my chamber I’ve got a lot of phone calls and a lot of texts from a lot of my legislators who are just beside themselves at what happened.”
Senate President Bo Biteman did not return a phone call before this story published.
Victorious
Chelsea’s Fund, an organization that helps pay for abortion services, was another of the plaintiffs that challenged Wyoming’s abortion bans. Executive Director Janean Forsyth said Tuesday’s decision affirms what her organization has long known: “that abortion is essential health care, and Wyoming women have a constitutional right and the freedom to make their own health care decisions, and that should be without government interference.”
Forsyth was flooded with messages and calls Tuesday, she said, especially from the community of reproductive rights organizations.
“I think that [the news is] a beacon of hope for, not only Wyoming communities and families, but also nationwide,” she said.
Advertisement
Christine Lichtenfels was Chelsea’s Fund executive director when the original suit was filed and throughout much of the legal battle. Relief wasn’t quite the word to describe how she felt Tuesday, she said.
“In reading the decision, there is just a sense that, ‘Oh, there is reason in the world,” she said. “It makes me think that, yes, Wyoming is the Equality State. We can say that now without cringing.”
(Disclosure: Lichtenfels is currently working with WyoFile on an unrelated legal matter.)
The Wellspring Health Access clinic in Casper is pictured in December 2022, and shows signs of May 2022 arson, including boarded up windows. (Dustin Bleizeffer/WyoFile)
Wyoming’s only abortion clinic, Wellspring Health Access in Casper, was also a plaintiff in the lawsuit. Knowing the decision would directly impact the facility’s fate, Clinic President Julie Burkhart was nervous when she opened it. Reading quickly dispelled her fears, she said, as it dawned on her that the justices sided with the plaintiffs’ legal team.
“We are delighted,” she told WyoFile.
Many people questioned her 2021 decision to open an abortion clinic in such a conservative state, she said. The court decision solidifies an intuition she felt back then about Wyoming residents’ sense of what’s fair and right.
Advertisement
Burkhart and colleagues expect future challenges to arise, however.
“While we celebrate today’s ruling, we know that anti-abortion politicians will continue their push to restrict access to health care in Wyoming with new, harmful proposals in the state legislature,” Burkart said in a statement. “Patients should not have to live in fear that their health care decisions will be suddenly upended at the whim of a judge or lawmaker.”
Across the state in Jackson, Dr. Anthony anticipates the Wyoming Freedom Caucus will attempt to pass laws that impose targeted restrictions against abortion providers — such as forcing patients to hear a fetal heartbeat or wait a certain time period before the procedure.
“Unfortunately, the fight’s not over,” Anthony said, “but this is a great moment for us.”
Heartache
Abortion opponents expressed sadness Tuesday and vehemently disagreed with the court’s opinion.
Advertisement
State Rep. Rachel Rodriguez Williams was lead sponsor of one of the abortion bans. The Cody Republican and chair of the Wyoming Freedom Caucus did not respond to a request for comment, but posted about the decision on X.
“My heart aches for Wyoming today,” Rodriguez Williams posted. “Thanks to the decision of four unelected, unchecked attorneys, it’s open season in Wyoming for innocent, preborn babies. Make no mistake: courts can get things wrong, and they sure did get this wrong. I’ll never stop fighting to protect life.”
Anti-abortion billboards can be seen along some Wyoming highways. (Tennessee Watson/WyoFile)
Wyoming Secretary of State Chuck Gray also protested the decision, which he called “outrageously wrong” and “a leftwing activist decision totally out of touch with the Wyoming Constitution.”
Natrona County anti-abortion activist Bob Brechtel, a former Wyoming House member, also expressed frustration with the courts, criticizing the nearly two-year-long wait for a decision and saying he was “ashamed” of the outcome from the high court.
In 2011, Brechtel co-sponsored the bill authorizing a later-successful constitutional amendment ballot measure that now protects individuals’ rights to make their own health care decisions. Born out of opposition to the Obama-era Affordable Care Act, what became Article 1, Section 38 caused some lawmakers to worry about potential unintended consequences.
Fifteen years later, one unintended consequence came to fruition. Reached Tuesday, Brechtel confirmed that he did not intend to protect women’s right to have an abortion in Wyoming.
Advertisement
“There was nothing in the legislation about killing innocent human beings,” he said. “This whole thing has been completely regenerated into something that it was never intended to be.”
It is Week 4 in the 2026 Wyoming High School boys’ swimming and diving season. It features several medium-sized competitions. After a dual in Douglas on Tuesday, Friday and Saturday are packed with meets. Jackson hosts its two-day invitational with four teams heading to Teton County. There are three-team events in Casper, Gillette, and Sheridan on Friday, plus two five-team meets at Cody and Rock Springs.
WYOPREPS BOYS SWIMMING AND DIVING WEEK 4 SCHEDULE 2026
Saturday also has swim invites at Evanston, Powell, and Sheridan. The schedule for Week 4 of the prep boys’ swimming and diving season in the Cowboy State is below. The schedule is subject to change.
RAWLINS AT DOUGLAS – dual
Advertisement
Read More Boys Swim News from WyoPreps
WyoPreps Week 3 Boys Swim Scoreboard 2026
WyoPreps Week 2 Boys Swim Scoreboard 2026
WyoPreps Week 1 Boys Swim Scoreboard & Season Outlook 2026
Nominate a Boys Swimmer/Diver For WyoPreps Athlete of the Week
Advertisement
3A Boys State Championship Recap 2025
4A Boys State Championship Recap 2025
3A Diving Champ Bryson Laing in 2025
4A Swim Champ Cy Gallion in 2025
4A Diving Champ Brady Benne in 2025
Advertisement
4A Swim Champ Ben Forsythe in 2025
Kemmerer’s Malachi Villarreal Reacts to Record Weekend in 2025
CASPER TRI at NCHS – Cheyenne East, Kelly Walsh, Natrona County.
CHEYENNE, Wyo. — A Wyoming man died Dec. 22 in a motorcycle-versus-truck collision in Laramie County.
According to a recently released incident report from the Wyoming Highway Patrol, 24-year-old Wyoming man Kyle Pandullo was headed west on a motorcycle as a van approached from the opposite direction. The WHP reports that the van attempted to turn left into a business entrance, forcing Pandullo to brake in an effort to avoid a crash. His bike tipped over onto its side, sliding into the van.
The WHP lists driver inattention as a possible contributing factor in the wreck.
This story contains preliminary information as provided by the Wyoming Highway Patrol. The agency advises that information may be subject to change.