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SB 457 (Portantino) – Turkish divestment option for employers

Requires CalSTRS to provide a school district an option to elect an investment portfolio that does not contain investment vehicles that are issued or owned by the government of the Republic of Turkey. Also, extends the same provision to school districts and cities participating in CalPERS.

  • Version: Introduced 2/16/2021
  • Sponsor: Author
  • Location: Assembly PE&R Committee
  • Board Position: Oppose

CalSTRS analysis:

As introduced 2/16/2021