--- title: HR 557. House Study Committee on Georgia's Investment Funds; create collection: bills id: 2025-2026/hr557 cite_as: HR 557, 2025-2026 Regular Session (Ga.) canonical_url: https://georgiacommons.org/bills/2025-2026/hr557 md_url: https://georgiacommons.org/bills/2025-2026/hr557.md text_url: https://georgiacommons.org/bills/2025-2026/hr557/text source_url: https://www.legis.ga.gov/legislation/71264 date: 2025-04-04 status: passed corpus_version: bills-2026-08-28 license: Public record of the Georgia General Assembly, via LegiScan; see about.md publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice. up: https://georgiacommons.org/bills/2025-2026.md previous: https://georgiacommons.org/bills/2025-2026/hr556.md next: https://georgiacommons.org/bills/2025-2026/hr558.md index: https://georgiacommons.org/bills/index.md omitted: votes and history omitted_chars: 467 omitted_url: https://georgiacommons.org/bills/2025-2026/hr557.md?full=1 bill_number: HR 557 session: 2025-2026 Regular Session session_slug: 2025-2026 chamber: House bill_type: resolution status_date: 2025-04-04 last_action: House Passed/Adopted By Substitute sponsors: - Dar'shun Kendrick - Scott Holcomb - Todd Jones - Stacey Evans - Ron Stephens text_version: Comm Sub has_text: true legiscan_url: https://legiscan.com/GA/bill/HR557/2025 upstream_id: 1996816 summaries_model: claude-sonnet-5 topic_tags: - investment funds - economic development - legislative study committee - Invest Georgia - business investment --- # HR 557. House Study Committee on Georgia's Investment Funds; create ## Text LC 56 0423S The House Committee on Rules offers the following substitute to HR 557: A RESOLUTION Creating the House Study Committee on Georgia's Investment Funds; and for other purposes.1 WHEREAS, Georgia has been named the best place to do business for several years in a row;2 and3 WHEREAS, the leadership of this state is striving to make Georgia one of the top investment4 capitals of the world; and5 WHEREAS, Georgia has a thriving business community that seeks t o attract more6 investment capital and examine conditions for potential enhance ment of growth capital7 investments; and8 WHEREAS, in 2013, the General Assembly created the Invest Georgia fund to increase the9 amount of investment available to early stages of business.10 NOW, THEREFORE, BE IT RESOLVED BY THE HOUSE OF REPRESENTATIVES:11 (1) Creation of House study committee. There is created the House Study Committee12 on Georgia's Investment Funds.13 - 1 - LC 56 0423S (2) Members and officers. The committee shall be composed of five members of the14 House of Representatives. The members shall be appointed by the Speaker of the House15 of Representatives. Two members shall be appointed from the Mi nority Caucus. The16 Speaker shall designate a member of the committee as chairperson of the committee.17 (3) Powers and duties. The committee shall undertake a study of the conditions, needs,18 issues, and problems mentioned above or related thereto and recommend any action or19 legislation which the committee deems necessary or appropriate.20 (4) Meetings. The chairperson shall call all meetings of the committee. The committee21 may conduct such meetings at such places and at such times as it may deem necessary or22 convenient to enable it to exercise fully and effectively its powers, perform its duties, and23 accomplish the objectives and purposes of this resolution.24 (5) Allowances and funding. The legislative members of the committee shall receive25 the allowances provided for in Code Section 28-1-8 of the Offic ial Code of Georgia26 Annotated. The allowances authorized by this resolution shall not be received by any27 member of the committee for more than three days unless additional days are authorized.28 Funds necessary to carry out the provisions of this resolution shall come from funds29 appropriated to the House of Representatives.30 (6) Report.31 (A) In the event the committee adopts any specific findings or recommendations that32 include suggestions for proposed legislation, the chairperson shall file a report of the33 same prior to the date of abolishment specified in this resolut ion, subject to34 subparagraph (C) of this paragraph.35 (B) In the event the committee adopts a report that does not i nclude suggestions for36 proposed legislation, the chairperson shall file the report, subject to subparagraph (C)37 of this paragraph.38 (C) No report shall be filed unless the same has been approved prior to the date of39 abolishment specified in this resolution by majority vote of a quorum of the committee.40 - 2 - LC 56 0423S A report so approved shall be signed by the chairperson of the committee and filed with41 the Clerk of the House of Representatives.42 (D) In the absence of an approved report, the chairperson may file with the Clerk of the43 House of Representatives a copy of the minutes of the meetings of the committee in lieu44 thereof.45 (E) The report shall be filed with the Clerk of the House of Representatives by January46 14, 2026.47 (7) Abolishment. The committee shall stand abolished on December 31, 2025.48 - 3 - ## Summaries written by Georgia Commons The following was written by claude-sonnet-5 from the text above and is not part of the resolution. Quote the text, not the summary. A House resolution creates the House Study Committee on Georgia's Investment Funds, a five-member panel to study ways to grow investment capital in the state and recommend possible legislation. ### Plain-language summary This resolution sets up a temporary study committee in the Georgia House of Representatives focused on the state's investment funds, including programs like the Invest Georgia fund created in 2013 to boost early-stage business investment. The committee will have five House members appointed by the Speaker, with two coming from the minority caucus, and the Speaker will name one member as chairperson. The committee can meet as needed, and its legislative members can collect the standard daily allowances under Georgia law (O.C.G.A. § 28-1-8), paid for out of House funds, for up to three days unless more are approved. Any findings or recommended legislation must be filed with the Clerk of the House by January 14, 2026. The committee automatically ends, or is abolished, on December 31, 2025. ### What it does - Establishes the House Study Committee on Georgia's Investment Funds, made up of five House members appointed by the Speaker. - Directs the committee to study conditions and issues around growth capital investment in Georgia and recommend possible legislation. - Sets member pay using the standard legislative allowance under O.C.G.A. § 28-1-8, capped at three days unless extra days are approved. - Funds the committee's work from money already appropriated to the House of Representatives. - Requires any approved findings or legislative recommendations to be filed with the Clerk of the House by January 14, 2026. - Automatically dissolves the committee on December 31, 2025. ### Who it affects This mainly affects members of the Georgia House of Representatives who will serve on or lead the committee, House administrative staff who support its meetings and filings, and indirectly the business and investment community whose interests the committee will study. ### Why it matters The resolution does not change any law itself, but it sets up a formal process for House members to examine Georgia's investment programs, such as Invest Georgia, and decide whether to propose new legislation. Any real-world impact would depend on what the committee recommends before it disbands. ### Key provisions - Paragraph (1) creates the House Study Committee on Georgia's Investment Funds. - Paragraph (2) sets membership at five House members appointed by the Speaker, with two from the Minority Caucus, and lets the Speaker pick the chairperson. - Paragraph (3) directs the committee to study investment-related conditions and issues and recommend action or legislation. - Paragraph (5) authorizes standard legislative allowances (O.C.G.A. § 28-1-8) for up to three days, funded through House appropriations. - Paragraph (6) requires any approved report or legislative recommendations to be filed with the Clerk of the House by January 14, 2026. - Paragraph (7) abolishes the committee on December 31, 2025. ## Status - Status: Passed (2025-04-04) - Last action: House Passed/Adopted By Substitute (2025-04-04) - Sponsors: Dar'shun Kendrick, Scott Holcomb, Todd Jones, Stacey Evans, Ron Stephens - Official page: https://www.legis.ga.gov/legislation/71264 > The history, votes, and amendments (467 characters) are at https://georgiacommons.org/bills/2025-2026/hr557.md?full=1