Assembly Bill

AB 1967 (Torrico) – Private Equity Investment Act

Prohibits CalSTRS and CalPERS from investing in a private equity company that is owned by a sovereign wealth fund, or in a fund managed directly or indirectly by a private equity company that is owned by a sovereign fund, if the country(ies) associated with that sovereign wealth fund does not meet specified human rights criteria.

  • Version: Introduced 2/14/2008
  • Sponsor: SEIU
  • Location: Assembly PER&SS Committee
  • Board Position: Oppose

CalSTRS Analysis:

Introduced 02/14/2008

Commands