U.S. SENATE PASSES LUMMIS, BARRASSO, HAGEMAN LEGISLATION TO MODERNIZE WYOMING SCHOOL TRUST FUND INVESTMENTS

WASHINGTON, Oct. 1 -- Sen. Cynthia Lummis issued the following press release:

Washington D.C. -The U.S. Senate last night passed theWyoming Education Trust Modernization Act,legislation led by Senators Cynthia Lummis (R-WY) and John Barrasso (R-WY) that would give Wyoming's permanent school land fund greater investment flexibility and potentially increase annual returns for K-12 education.

"Last night, the U.S. Senate passed a bill that will put Wyoming's school trust fund to better work for our students,"said Lummis."The fund holds $5.4 billion but earns only about 5 percent, because it's still bound by investment rules written in 1890. This bill keeps the principal fully protected while allowing modern investment tools that could raise ...