Individual legislator voting records for this vote are not currently available. Includes all politicians who were in office at any point during the 2015-2016 Legislature.

SB 185 - An Act to Amend Section 16642 Of, and to Add Section 7513.75 To, the Government Code, Relating to Public Retirement Systems.

Public retirement systems: public divestiture of thermal coal companies. 2015-2016 Legislature. View bill details
Author(s):
Summary:
The California Constitution provides that the Legislature may by statute prohibit retirement board investments if it is in the public interest to do so, and providing that the prohibition satisfies specified fiduciary standards.

Existing law prohibits the Public Employees’ Retirement System and the State Teachers’ Retirement System from investing public employee retirement funds in… More
The California Constitution provides that the Legislature may by statute prohibit retirement board investments if it is in the public interest to do so, and providing that the prohibition satisfies specified fiduciary standards.

Existing law prohibits the Public Employees’ Retirement System and the State Teachers’ Retirement System from investing public employee retirement funds in a company with active business operations in Sudan, as specified, and requires these retirement systems to liquidate any investments in a company with business operations in Sudan. Existing law also prohibits these retirement systems from investing in a company that has specified investments in the energy sector of Iran, as defined, including in a company that provides oil or liquefied natural gas tankers, or products used to construct or maintain pipelines used to transport oil or liquefied natural gas.

This bill would prohibit the boards of the Public Employees’ Retirement System and the State Teachers’ Retirement System from making new investments or renewing existing investments of public employee retirement funds in a thermal coal company, as defined. This bill would require the boards to liquidate investments in thermal coal companies on or before July 1, 2017, and would require the boards, in making a determination to liquidate investments, to constructively engage with thermal coal companies to establish whether the companies are transitioning their business models to adapt to clean energy generation. The bill would provide that it does not require a board to take any action unless the board determines in good faith that the action is consistent with the board’s fiduciary responsibilities established in the constitution. The bill would make related legislative findings and declarations.

This bill would require, on or before January 1, 2018, these boards to file a report to the Legislature and the Governor, containing specified information, including a list of companies of which they have liquidated their investments. The bill would provide that board members and other officers and employees shall be held harmless and be eligible for indemnification in connection with actions taken pursuant to the bill’s requirements, as specified. Hide
 
Status:
The bill has become law (chaptered). 
Assembly Vote: On Passage

PASSED on September 2, 2015.

voted YES: 47 voted NO: 30
3 voted present/not voting

An Act to Amend Section 16642 Of, and to Add Section 7513.75 To, the Government Code, Relating to Public Retirement Systems.

SB 185 — 2015-2016 Legislature

Summary
The California Constitution provides that the Legislature may by statute prohibit retirement board investments if it is in the public interest to do so, and providing that the prohibition satisfies specified fiduciary standards.

Existing law prohibits the Public Employees’ Retirement System and the State Teachers’ Retirement System from investing public employee retirement funds in a company with active business operations in Sudan, as specified, and requires these retirement systems to liquidate any investments in a company with business operations in Sudan. Existing law also prohibits these retirement systems from investing in a company that has specified investments in the energy sector of Iran, as defined, including in a company that provides oil or liquefied natural gas tankers, or products used to construct or maintain pipelines used to transport oil or liquefied natural gas.

This bill would prohibit the boards of the Public Employees’ Retirement System and the State Teachers’ Retirement System from making new investments or renewing existing investments of public employee retirement funds in a thermal coal company, as defined. This bill… More
The California Constitution provides that the Legislature may by statute prohibit retirement board investments if it is in the public interest to do so, and providing that the prohibition satisfies specified fiduciary standards.

Existing law prohibits the Public Employees’ Retirement System and the State Teachers’ Retirement System from investing public employee retirement funds in a company with active business operations in Sudan, as specified, and requires these retirement systems to liquidate any investments in a company with business operations in Sudan. Existing law also prohibits these retirement systems from investing in a company that has specified investments in the energy sector of Iran, as defined, including in a company that provides oil or liquefied natural gas tankers, or products used to construct or maintain pipelines used to transport oil or liquefied natural gas.

This bill would prohibit the boards of the Public Employees’ Retirement System and the State Teachers’ Retirement System from making new investments or renewing existing investments of public employee retirement funds in a thermal coal company, as defined. This bill would require the boards to liquidate investments in thermal coal companies on or before July 1, 2017, and would require the boards, in making a determination to liquidate investments, to constructively engage with thermal coal companies to establish whether the companies are transitioning their business models to adapt to clean energy generation. The bill would provide that it does not require a board to take any action unless the board determines in good faith that the action is consistent with the board’s fiduciary responsibilities established in the constitution. The bill would make related legislative findings and declarations.

This bill would require, on or before January 1, 2018, these boards to file a report to the Legislature and the Governor, containing specified information, including a list of companies of which they have liquidated their investments. The bill would provide that board members and other officers and employees shall be held harmless and be eligible for indemnification in connection with actions taken pursuant to the bill’s requirements, as specified. Hide
Learn More
At LegInfo.ca.gov
Title
An Act to Amend Section 16642 Of, and to Add Section 7513.75 To, the Government Code, Relating to Public Retirement Systems.
Author(s)
Kevin de Leon
Co-Authors
Subjects
  • Public retirement systems: public divestiture of thermal coal companies
Major Actions
Introduced2/09/2015
Referred to Committee
Passed Senate Committee on Public Employment and Retirement4/13/2015
Passed Senate Committee on Appropriations4/27/2015
Passed Senate Committee on Appropriations5/28/2015
Passed Senate6/03/2015
Passed Assembly Committee on Public Employees, Retirement and Social Security6/24/2015
Passed Assembly Committee on Appropriations8/27/2015
Passed Assembly9/02/2015
Presented to the governor (enrolled)9/08/2015
Became law (chaptered).10/08/2015
Bill History
Chamber/CommitteeMotionDateResult
select this voteSenate Committee on Public Employment and RetirementDo pass, but first be re-referred to the Committee on [Appropriations]4/13/2015This motion PASSED the Senate Committee on Public Employment and Retirement
3 voted YES 2 voted NO 0 voted present/not voting
select this voteSenate Committee on AppropriationsPlaced on suspense file4/27/2015This motion PASSED the Senate Committee on Appropriations
7 voted YES 0 voted NO 0 voted present/not voting
select this voteSenate Committee on AppropriationsDo pass as amended5/28/2015This motion PASSED the Senate Committee on Appropriations
5 voted YES 2 voted NO 0 voted present/not voting
select this voteSenateSenate 3rd Reading SB185 De León6/03/2015This bill PASSED the Senate
24 voted YES 14 voted NO 2 voted present/not voting
select this voteAssembly Committee on Public Employees, Retirement and Social SecurityDo pass and be re-referred to the Committee on [Appropriations]6/24/2015This motion PASSED the Assembly Committee on Public Employees, Retirement and Social Security
5 voted YES 1 voted NO 0 voted present/not voting
select this voteAssembly Committee on AppropriationsDo pass.8/27/2015This motion PASSED the Assembly Committee on Appropriations
12 voted YES 5 voted NO 0 voted present/not voting
currently selectedAssemblySB 185 De León Senate Third Reading By BONTA9/02/2015This bill PASSED the Assembly
47 voted YES 30 voted NO 3 voted present/not voting
ActionDateDescription
Introduced2/09/2015
2/09/2015Introduced. Read first time. To Com. on RLS. for assignment. To print.
2/10/2015From printer. May be acted upon on or after March 12.
2/19/2015Referred to Com. on P.E. & R.
3/25/2015Set for hearing April 13.
3/25/2015From committee with author's amendments. Read second time and amended. Re-referred to Com. on P.E. & R.
4/08/2015From committee with author's amendments. Read second time and amended. Re-referred to Com. on P.E. & R.
select this voteVote4/13/2015Do pass, but first be re-referred to the Committee on [Appropriations]
4/14/2015From committee: Do pass and re-refer to Com. on APPR. (Ayes 3. Noes 2. Page 593.) (April 13). Re-referred to Com. on APPR.
4/17/2015Set for hearing April 27.
select this voteVote4/27/2015Placed on suspense file
4/27/2015April 27 hearing: Placed on APPR. suspense file.
5/23/2015Set for hearing May 28.
select this voteVote5/28/2015Do pass as amended
6/01/2015From committee: Do pass as amended. (Ayes 5. Noes 2. Page 1148.) (May 28).
6/02/2015Read second time and amended. Ordered to third reading.
6/03/2015Read third time. Passed. (Ayes 24. Noes 14. Page 1284.) Ordered to the Assembly.
select this voteSenate Vote on Passage6/03/2015Senate 3rd Reading SB185 De León
6/04/2015In Assembly. Read first time. Held at Desk.
6/11/2015Referred to Com. on P.E., R., & S.S.
select this voteVote6/24/2015Do pass and be re-referred to the Committee on [Appropriations]
6/24/2015From committee: Do pass and re-refer to Com. on APPR. (Ayes 5. Noes 1.) (June 24). Re-referred to Com. on APPR.
7/15/2015July 15 set for first hearing. Placed on APPR. suspense file.
select this voteVote8/27/2015Do pass.
8/28/2015From committee: Do pass. (Ayes 12. Noes 5.) (August 27).
8/31/2015Read second time. Ordered to third reading.
9/02/2015Read third time. Passed. (Ayes 47. Noes 30. Page 2794.) Ordered to the Senate.
9/02/2015In Senate. Ordered to engrossing and enrolling.
currently selectedAssembly Vote on Passage9/02/2015SB 185 De León Senate Third Reading By BONTA
9/08/2015Enrolled and presented to the Governor at 4:30 p.m.
10/08/2015Approved by the Governor.
10/08/2015Chaptered by Secretary of State. Chapter 605, Statutes of 2015.

Total contributions given to Assemblymembers from interest groups that…

9 Organizations Support and 5 Oppose; See Which Ones

Organizations that took a position on
An Act to Amend Section 16642 Of, and to Add Section 7513.75 To, the Government Code, Relating to Public Retirement Systems.: SB 185 De León Senate Third Reading By BONTA

9 organizations support this bill

American Lung Association of California
(2015, June 2). Senate Floor Analysis. Retrieved June 23, 2015, from Leginfo: Bill Analysis.
California Public Health Association - North
(2015, June 2). Senate Floor Analysis. Retrieved June 23, 2015, from Leginfo: Bill Analysis.
Cool Planet Energy Systems
(2015, June 2). Senate Floor Analysis. Retrieved June 23, 2015, from Leginfo: Bill Analysis.
friends committee on legislation of california
(2015, June 2). Senate Floor Analysis. Retrieved June 23, 2015, from Leginfo: Bill Analysis.
Health Care Without Harm
(2015, June 2). Senate Floor Analysis. Retrieved June 23, 2015, from Leginfo: Bill Analysis.
Human Impact Partners
(2015, June 2). Senate Floor Analysis. Retrieved June 23, 2015, from Leginfo: Bill Analysis.
Physicians for Social Responsibility
(2015, June 2). Senate Floor Analysis. Retrieved June 23, 2015, from Leginfo: Bill Analysis.
regional asthma management and prevention
(2015, June 2). Senate Floor Analysis. Retrieved June 23, 2015, from Leginfo: Bill Analysis.
San Francisco Asthma Task Force
(2015, June 2). Senate Floor Analysis. Retrieved June 23, 2015, from Leginfo: Bill Analysis.

5 organizations oppose this bill

California Business Properties Association
(2015, June 2). Senate Floor Analysis. Retrieved June 23, 2015, from Leginfo: Bill Analysis.
California Chamber of Commerce
(2015, June 2). Senate Floor Analysis. Retrieved June 23, 2015, from Leginfo: Bill Analysis.
California Independent Petroleum Association
(2015, June 2). Senate Floor Analysis. Retrieved June 23, 2015, from Leginfo: Bill Analysis.
California Manufacturers & Technology Association
(2015, June 2). Senate Floor Analysis. Retrieved June 23, 2015, from Leginfo: Bill Analysis.
National Federation of Independent Business
(2015, June 2). Senate Floor Analysis. Retrieved June 23, 2015, from Leginfo: Bill Analysis.

Need proof?

View citations of support and opposition

Includes reported contributions to campaigns of Assemblymembers in office on day of vote, from interest groups invested in the vote according to MapLight, January 1, 2011 – December 31, 2012.
Contributions data source: FollowTheMoney.org

Contributions by Legislator

Namesort iconPartyDistrict$ From Interest Groups
That Support
$ From Interest Groups
That Oppose
Vote
Katcho AchadjianRCA-35$2,000$1,000
Luis AlejoDCA-30$3,035$0
Travis AllenRCA-72$0$0
Toni G. AtkinsDCA-78$6,150$0
Catharine B. BakerRCA-16$0$0
Frank BigelowRCA-5$1,000$4,500
Richard BloomDCA-50$3,900$7,500
Susan BonillaDCA-14$3,085$10,086
Rob BontaDCA-18$2,500$0
William P. BroughRCA-73$0$0
Cheryl BrownDCA-47$0$3,000
Autumn R. BurkeDCA-62$0$0
Ian C. CalderonDCA-57$2,776$1,000
Nora CamposDCA-27$0$0
Ling Ling ChangRCA-55$0$0
Ed ChauDCA-49$9,800$0
Rocky J. ChavezRCA-76$0$0
David ChiuDCA-17$0$0
Kansen ChuDCA-25$0$0
Ken CooleyDCA-8$5,000$0
Jim CooperDCA-9$0$0
Matthew DababnehDCA-45$0$0
Brian DahleRCA-1$0$0
Tom DalyDCA-69$3,750$3,450
Bill DoddDCA-4$0$0
Susan Talamantes EggmanDCA-13$4,500$3,000
Jim FrazierDCA-11$4,682$3,000
Beth GainesRCA-6$2,000$15,400
James GallagherRCA-3$0$0
Cristina GarciaDCA-58$1,000$0
Eduardo GarciaDCA-56$0$0
Mike GattoDCA-43$12,800$1,500
Mike A. GipsonDCA-64$0$0
Jimmy GomezDCA-51$11,300$0
Lorena S. GonzalezDCA-80$0$0
Rich GordonDCA-24$5,536$800
Adam C. GrayDCA-21$5,900$8,412
Shannon GroveRCA-34$6,400$11,200
David HadleyRCA-66$0$0
Matthew HarperRCA-74$0$0
Roger HernandezDCA-48$3,316$8,400
Chris R. HoldenDCA-41$14,425$1,000
Jacqui IrwinDCA-44$0$0
Brian JonesRCA-71$0$9,800
Reginald B. Jones-Sawyer, Sr.DCA-59$3,000$2,500
Young O. KimRCA-65$0$0
Tom LackeyRCA-36$0$0
Marc LevineDCA-10$0$4,873
Eric LinderRCA-60$0$2,000
Patty LopezDCA-39$0$0
Evan LowDCA-28$0$0
Brian MaienscheinRCA-77$2,000$8,800
Devon J. MathisRCA-26$0$0
Chad MayesRCA-42$0$0
Kevin McCartyDCA-7$0$0
Jose MedinaDCA-61$3,000$0
Melissa A. MelendezRCA-67$1,000$2,000
Kevin MullinDCA-22$5,056$3,000
Adrin NazarianDCA-46$3,000$0
Patrick O'DonnellDCA-70$0$0
Jay ObernolteRCA-33$0$0
Kristin OlsenRCA-12$2,000$12,900
Jim PattersonRCA-23$0$0
Henry PereaDCA-31$17,950$9,488
Bill QuirkDCA-20$0$0
Anthony RendonDCA-63$6,250$1,000
Sebastian Ridley-ThomasDCA-54$0$0
Freddie RodriguezDCA-52$0$0
Rudy SalasDCA-32$2,000$3,500
Miguel SantiagoDCA-53$0$0
Marc SteinorthRCA-40$0$0
Mark StoneDCA-29$6,400$1,000
Tony ThurmondDCA-15$0$0
Philip Y. TingDCA-19$10,800$0
Don WagnerRCA-68$1,000$10,800
Marie WaldronRCA-75$1,000$4,900
Shirley N. WeberDCA-79$3,000$0
Scott WilkRCA-38$1,000$9,800
Das WilliamsDCA-37$5,139$0
Jim WoodDCA-2$0$0

Add Data Filters:

Legislator Filters
Legislator Filters
NamePartyDistrict$ From Interest Groups
That Support
$ From Interest Groups
That Oppose
Vote
Katcho AchadjianRCA-35$2,000$1,000
Luis AlejoDCA-30$3,035$0
Travis AllenRCA-72$0$0
Toni G. AtkinsDCA-78$6,150$0
Catharine B. BakerRCA-16$0$0
Frank BigelowRCA-5$1,000$4,500
Richard BloomDCA-50$3,900$7,500
Susan BonillaDCA-14$3,085$10,086
Rob BontaDCA-18$2,500$0
William P. BroughRCA-73$0$0
Cheryl BrownDCA-47$0$3,000
Autumn R. BurkeDCA-62$0$0
Ian C. CalderonDCA-57$2,776$1,000
Nora CamposDCA-27$0$0
Ling Ling ChangRCA-55$0$0
Ed ChauDCA-49$9,800$0
Rocky J. ChavezRCA-76$0$0
David ChiuDCA-17$0$0
Kansen ChuDCA-25$0$0
Ken CooleyDCA-8$5,000$0
Jim CooperDCA-9$0$0
Matthew DababnehDCA-45$0$0
Brian DahleRCA-1$0$0
Tom DalyDCA-69$3,750$3,450
Bill DoddDCA-4$0$0
Susan Talamantes EggmanDCA-13$4,500$3,000
Jim FrazierDCA-11$4,682$3,000
Beth GainesRCA-6$2,000$15,400
James GallagherRCA-3$0$0
Cristina GarciaDCA-58$1,000$0
Eduardo GarciaDCA-56$0$0
Mike GattoDCA-43$12,800$1,500
Mike A. GipsonDCA-64$0$0
Jimmy GomezDCA-51$11,300$0
Lorena S. GonzalezDCA-80$0$0
Rich GordonDCA-24$5,536$800
Adam C. GrayDCA-21$5,900$8,412
Shannon GroveRCA-34$6,400$11,200
David HadleyRCA-66$0$0
Matthew HarperRCA-74$0$0
Roger HernandezDCA-48$3,316$8,400
Chris R. HoldenDCA-41$14,425$1,000
Jacqui IrwinDCA-44$0$0
Brian JonesRCA-71$0$9,800
Reginald B. Jones-Sawyer, Sr.DCA-59$3,000$2,500
Young O. KimRCA-65$0$0
Tom LackeyRCA-36$0$0
Marc LevineDCA-10$0$4,873
Eric LinderRCA-60$0$2,000
Patty LopezDCA-39$0$0
Evan LowDCA-28$0$0
Brian MaienscheinRCA-77$2,000$8,800
Devon J. MathisRCA-26$0$0
Chad MayesRCA-42$0$0
Kevin McCartyDCA-7$0$0
Jose MedinaDCA-61$3,000$0
Melissa A. MelendezRCA-67$1,000$2,000
Kevin MullinDCA-22$5,056$3,000
Adrin NazarianDCA-46$3,000$0
Patrick O'DonnellDCA-70$0$0
Jay ObernolteRCA-33$0$0
Kristin OlsenRCA-12$2,000$12,900
Jim PattersonRCA-23$0$0
Henry PereaDCA-31$17,950$9,488
Bill QuirkDCA-20$0$0
Anthony RendonDCA-63$6,250$1,000
Sebastian Ridley-ThomasDCA-54$0$0
Freddie RodriguezDCA-52$0$0
Rudy SalasDCA-32$2,000$3,500
Miguel SantiagoDCA-53$0$0
Marc SteinorthRCA-40$0$0
Mark StoneDCA-29$6,400$1,000
Tony ThurmondDCA-15$0$0
Philip Y. TingDCA-19$10,800$0
Don WagnerRCA-68$1,000$10,800
Marie WaldronRCA-75$1,000$4,900
Shirley N. WeberDCA-79$3,000$0
Scott WilkRCA-38$1,000$9,800
Das WilliamsDCA-37$5,139$0
Jim WoodDCA-2$0$0

Interest Groups that support this bill

$ Donated
Health & welfare policy$79,592
Alternate energy production & services$55,976
Environmental policy$52,881
Health, education & human resources$0

Interest Groups that oppose this bill

$ Donated
Petroleum refining & marketing$92,700
Chambers of commerce$65,835
Manufacturing$10,074
General business associations$1,000
Small business organizations$0
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