Existing law regulates investments made by public pension and retirement systems and defines the term "placement agent" to mean a person or entity hired, engaged, or retained by an external manager, as defined, to raise money or investment from a public retirement system in California. Existing law, the Political Reform Act of 1974, provides for the comprehensive regulation of the lobbying industry, including defining the term "lobbyist" and regulating the conduct of lobbyists. Among its provisions, the act requires lobbyists to register with the Secretary of State and to file periodic disclosure reports, and it prohibits lobbyists from engaging in certain activities, including accepting or agreeing to accept any payment in any way contingent upon the defeat, enactment, or outcome of any proposed legislative or administrative action, as defined.
California AB 1743 (20092010) — Political Reform Act of 1974: placement agents.
Existing law regulates investments made by public pension and retirement systems and defines the term "placement agent" to mean a person or entity hired, engaged, or retained by an external manager, as defined, to raise money or investment from a public retirement system in California. Existing law, the Political Reform Act of 1974, provides for the comprehensive regulation of the lobbying industry, including defining the term "lobbyist" and regulating the conduct of lobbyists. Among its provisions, the act requires lobbyists to register with the Secretary of State and to file periodic disclosure reports, and it prohibits lobbyists from engaging in certain activities, including accepting or agreeing to accept any payment in any way contingent upon the defeat, enactment, or outcome of any proposed legislative or administrative action, as defined.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
Do pass, but re-refer to the Committee on Elections, Reapportionmnt and Constitutional Amend — pass (pass) · upper
AB 1743 Hernandez Concurrence in Senate Amendments — pass (pass) · lower
Do pass, but re-refer to the Committee on Appropriations. — pass (pass) · upper
Sponsors
Hernandez — primary (person)
Alquist — coauthor (person)
Audra Strickland — coauthor (person)
Block — coauthor (person)
Blumenfield — coauthor (person)
Buchanan — coauthor (person)
Correa — coauthor (person)
Hancock — coauthor (person)
Lieu — principal coauthor (person)
Ma — coauthor (person)
Portantino — coauthor (person)
Saldana — coauthor (person)
Strickland — coauthor (person)
Wolk — coauthor (person)
Timeline
The legislative action history — every referral, reading, and vote.
2010-02-08 Read first time. To print. reading-1
2010-02-09 From printer. May be heard in committee March 11.
2010-02-25 Referred to Coms. on P.E.,R. & S.S. and E. & R. referral-committee
2010-03-17 From committee chair, with author's amendments: Amend, and re-refer to Com. on P.E.,R. & S.S. Read second time and amended. amendment-introduction, reading-2, amendment-passage, reading-1
2010-03-18 Re-referred to Com. on P.E.,R. & S.S. referral-committee
2010-04-07 From committee: Do pass, and re-refer to Com. on E. & R. Re-referred. (Ayes 4. Noes 1.) (April 7). committee-passage-favorable, committee-passage
2010-04-21 From committee: Do pass, and re-refer to Com. on APPR. Re-referred. (Ayes 7. Noes 0.) (April 20). committee-passage-favorable, committee-passage
2010-05-05 In committee: Hearing postponed by committee.
2010-05-10 From committee chair, with author's amendments: Amend, and re-refer to Com. on APPR. Read second time and amended. amendment-introduction, reading-2, amendment-passage, reading-1
2010-05-11 Re-referred to Com. on APPR. referral-committee
2010-05-19 In committee: Hearing postponed by committee.
2010-05-28 From committee: Do pass. (Ayes 11. Noes 5.) (May 28). committee-passage-favorable, committee-passage
2010-05-28 Read second time. To third reading. reading-2, reading-1
2010-06-02 Read third time, passed, and to Senate. (Ayes 56. Noes 8. Page 5516.) reading-3, passage, reading-1
2010-06-03 In Senate. Read first time. To Com. on RLS. for assignment. reading-1
2010-06-10 Referred to Coms. on P.E. & R. and E., R., & C.A. referral-committee
2010-06-17 From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on P.E. & R. amendment-introduction, reading-2, amendment-passage, referral-committee, reading-1
2010-06-24 From committee: Do pass, and re-refer to Com. on E., R., & C.A. Re-referred. (Ayes 4. Noes 1.) (June 23). committee-passage-favorable, committee-passage
2010-06-30 From committee: Do pass, and re-refer to Com. on APPR. Re-referred. (Ayes 4. Noes 0.) (June 29). committee-passage-favorable, committee-passage
2010-08-04 From committee: Amend, and do pass as amended. (Ayes 8. Noes 0.) (August 2). amendment-introduction, amendment-passage, committee-passage
2010-08-05 Read second time and amended. Ordered to third reading. amendment-passage, reading-2, reading-1
2010-08-17 Read third time, amended. To second reading. reading-3, amendment-passage, reading-1
2010-08-18 Read second time. To third reading. reading-2, reading-1
2010-08-30 Read third time, passed, and to Assembly. (Ayes 29. Noes 7. Page 5003.) reading-3, passage, reading-1
2010-08-31 In Assembly. Concurrence in Senate amendments pending.
2010-08-31 Senate amendments concurred in. To enrollment. (Ayes 64. Noes 13. Page 6933.) amendment-passage, committee-passage-favorable
2010-09-15 Enrolled and to the Governor at 4:45 p.m.
2010-09-30 Approved by the Governor. executive-signature
2010-09-30 Chaptered by Secretary of State - Chapter 668, Statutes of 2010.
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/ac4d8529-d9c6-4dd7-b4fe-b1e6e314c428. Confidence: reported (aggregated from official California legislature records).