Senate Bill

SB 1245 (Hayden) – Investments in Corporations Owing Compensation for WW II Slave Labor

Authorizes any World War II slave labor or forced labor victim, or heir of the victim, to bring a court action in California to recover compensation for labor performed, against any entity or successor in interest who received the benefit of that labor. Requires CalSTRS to monitor and report until 12/31/2010, on investments in companies that do business in California that owe compensation to victims of slave labor from 1929 to 1945.

  • Version: Chaptered (Chapter 216, Statutes of 1999)
  • Sponsor: Author
  • Location: Signed by Governor
  • Board Position: Support

CalSTRS Analysis:

As Amended 5/20/1999