Fabio
109 lines
8.5 KiB
Markdown
109 lines
8.5 KiB
Markdown
---
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type: "Bill"
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title: "Public employee retirement systems: prohibited investments: Turkey."
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description: "The California Constitution grants the retirement board of a public employee retirement system plenary authority and fiduciary responsibility for investment of moneys and administration of the retirement fund and system. The California Constitution qualifies this grant of powers by reserving to the Legislature the authority to prohibit investments if it is in the public interest and the prohibition satisfies standards of fiduciary care and loyalty required of a retirement board. Existing law prohibits the boards of administration of the Public Employees' Retirement System and the State Teachers' Retirement System from making investments in certain countries and in thermal coal companies, as specified, subject to the boards' plenary authority and fiduciary responsibility for investment of moneys and administration of the systems."
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jurisdiction: "us/states/ca"
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legislature: "California Legislature"
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session: "20192020"
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identifier: "AB 1320"
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citation: "California AB 1320 (20192020)"
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classification: ["bill"]
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subjects: ["Public employee retirement systems: prohibited investments: Turkey."]
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status: "enacted"
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primary_sponsors: ["Nazarian"]
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version_count: 8
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action_count: 30
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vote_count: 9
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first_action: "2019-02-22"
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last_action: "2019-10-02"
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source: "openstates"
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source_identifier: "ocd-bill/92085137-845c-4a37-8e3d-e85a6c66b1f7"
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source_url: "http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201920200AB1320"
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source_hash: "c4777ba93da76e714a29eefb69ec80b19472d236b131fa8ea4d2050e5cc613ce"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-ca"]
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---
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# California AB 1320 (20192020) — Public employee retirement systems: prohibited investments: Turkey.
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The California Constitution grants the retirement board of a public employee retirement system plenary authority and fiduciary responsibility for investment of moneys and administration of the retirement fund and system. The California Constitution qualifies this grant of powers by reserving to the Legislature the authority to prohibit investments if it is in the public interest and the prohibition satisfies standards of fiduciary care and loyalty required of a retirement board. Existing law prohibits the boards of administration of the Public Employees' Retirement System and the State Teachers' Retirement System from making investments in certain countries and in thermal coal companies, as specified, subject to the boards' plenary authority and fiduciary responsibility for investment of moneys and administration of the systems.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **02/22/19 - Introduced** (filed) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201920200AB1320&version=20190AB132099INT)
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2. **03/18/19 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201920200AB1320&version=20190AB132098AMD)
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3. **04/04/19 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201920200AB1320&version=20190AB132097AMD)
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4. **06/27/19 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201920200AB1320&version=20190AB132096AMD)
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5. **08/30/19 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201920200AB1320&version=20190AB132095AMD)
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6. **10/02/19 - Chaptered** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201920200AB1320&version=20190AB132093CHP)
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7. **AB1320** (committee substitute) — [source](http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201920200AB1320)
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8. **09/18/19 - Enrolled** (enrolled) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201920200AB1320&version=20190AB132094ENR)
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## Votes
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- Do pass as amended — **7–0** (pass) · upper
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- Do pass, but first be re-referred to the Committee on [Appropriations] — **8–0** (pass) · upper
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- AB 1320 Nazarian Concurrence in Senate Amendments — **60–0** (pass) · lower
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- Do pass as amended and be re-referred to the Committee on [Appropriations] — **4–2** (pass) · lower
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- AB 1320 Nazarian Assembly Third Reading — **63–0** (pass) · lower
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- 3rd Reading AB1320 Nazarian et al. By Borgeas — **33–0** (pass) · upper
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- Do pass. — **14–0** (pass) · lower
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- Do pass as amended, but first amend, and re-refer to the Committee on [Judiciary] — **5–0** (pass) · upper
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- Placed on suspense file — **7–0** (pass) · upper
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## Sponsors
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- Nazarian — primary (person)
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- Chen — coauthor (person)
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- Friedman — author (person)
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- Gabriel — author (person)
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- Holden — coauthor (person)
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- Luz Rivas — coauthor (person)
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- Portantino — principal coauthor (person)
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- Wilk — coauthor (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2019-02-22** Introduced. To print. `introduction`
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- **2019-02-23** From printer. May be heard in committee March 25.
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- **2019-02-25** Read first time. `reading-1`
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- **2019-03-14** Referred to Com. on P.E. & R. `referral-committee`
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- **2019-03-18** From committee chair, with author's amendments: Amend, and re-refer to Com. on P.E. & R. Read second time and amended. `reading-1, reading-2, amendment-passage, amendment-introduction`
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- **2019-03-19** Re-referred to Com. on P.E. & R. `referral-committee`
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- **2019-03-27** In committee: Set, first hearing. Hearing canceled at the request of author.
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- **2019-04-03** From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 4. Noes 2.) (April 3). `amendment-passage, committee-passage, amendment-introduction`
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- **2019-04-04** Read second time and amended. `amendment-passage, reading-1, reading-2`
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- **2019-04-08** Re-referred to Com. on APPR. `referral-committee`
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- **2019-04-24** In committee: Set, first hearing. Referred to APPR. suspense file. `referral-committee`
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- **2019-05-16** Coauthors revised.
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- **2019-05-16** From committee: Do pass. (Ayes 14. Noes 0.) (May 16). `committee-passage-favorable, committee-passage`
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- **2019-05-20** Read second time. Ordered to third reading. `reading-1, reading-2`
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- **2019-05-23** Read third time. Passed. Ordered to the Senate. (Ayes 63. Noes 0. Page 1886.) `passage, reading-3, reading-1`
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- **2019-05-24** In Senate. Read first time. To Com. on RLS. for assignment. `reading-1`
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- **2019-06-06** Referred to Coms. on L., P.E. & R. and JUD. `referral-committee`
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- **2019-06-26** From committee: Amend, and do pass as amended and re-refer to Com. on JUD. (Ayes 5. Noes 0.) (June 26). `amendment-passage, committee-passage, amendment-introduction`
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- **2019-06-27** Read second time and amended. Re-referred to Com. on JUD. `reading-1, reading-2, amendment-passage, referral-committee`
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- **2019-07-03** From committee: Do pass and re-refer to Com. on APPR. (Ayes 8. Noes 0.) (July 2). Re-referred to Com. on APPR. `committee-passage-favorable, committee-passage, referral-committee`
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- **2019-08-12** In committee: Referred to APPR. suspense file. `referral-committee`
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- **2019-08-30** From committee: Amend, and do pass as amended. (Ayes 7. Noes 0.) (August 30). `amendment-passage, committee-passage, amendment-introduction`
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- **2019-08-30** Read second time and amended. Ordered returned to second reading. `amendment-passage, reading-1, reading-2`
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- **2019-09-03** Read second time. Ordered to third reading. `reading-1, reading-2`
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- **2019-09-11** Read third time. Passed. Ordered to the Assembly. (Ayes 33. Noes 0. Page 2804.). `passage, reading-3, reading-1`
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- **2019-09-11** In Assembly. Concurrence in Senate amendments pending.
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- **2019-09-13** Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 60. Noes 0. Page 3539.). `amendment-passage, committee-passage-favorable`
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- **2019-09-25** Enrolled and presented to the Governor at 3:30 p.m.
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- **2019-10-02** Approved by the Governor. `executive-signature`
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- **2019-10-02** Chaptered by Secretary of State - Chapter 459, Statutes of 2019.
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/92085137-845c-4a37-8e3d-e85a6c66b1f7`. Confidence: reported (aggregated from official California legislature records).
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