African Activist Archive

The press release says Senator John F. Dunlap (D-Napa), Chair of the Senate Select Committee on Investment Priorities and Objectives, has drafted for introduction next year Preprint Senate Bill No. 9 to create an Investment Responsibility Task Force to establish social responsibility guidelines for the investment of over $20 billion in state funds. This includes funds invested by the University of California (UC), the State Teachers' Retirement System (STRS), the Public Employees' Retirement System (PERS), the Legislators' Retirement System (LRS), and the state Treasury. The 11-member task force would include representatives of state investing agencies, constitutional officers, the Director of the State Department of Finance, and members of the public appointed by the governor and legislature. The bill would prohibit state investments in corporations that flagrantly or continuously violate California's anti-discrimination laws or stubbornly disregard social welfare. SB 804, currently in the State Assembly, would prohibit state and local investing agencies from turning over unmarked proxies to management.

African Activist Archive

[Senator John F. Dunlap (D-Napa), Chair of the Senate Select Committee on Investment Priorities and Objectives, has drafted for introduction next year, a Preprint Senate Bill to create an Investment Responsibility Task Force ...]

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