Assembly Bill

AB 2941 (Koretz) – Divestment of Portfolio Companies Operating in Sudan

Prohibits CalSTRS and CalPERS from investing in companies with business operations in Sudan that meet specified criteria, and establishes procedures for identifying, engaging and divesting from such companies. Indemnifies from the General Fund all past, present, future board members, officers, employees and investment managers from liability sustained by reason of any decision not to invest in companies with business operations in Sudan.

  • Version: Chaptered (Chapter 442, Statutes of 2006)
  • Sponsor: Sacramento Committee on Conscience, Sudan Divestment Task Force (Co-Sponsor)
  • Location: Signed by Governor
  • Board Position: Support, if amended

CalSTRS Analysis:

Amended 6/19/2006

Commands