California bills · 2025-2026 Regular Session
California AB 1439
Public retirement systems: development projects: labor standards.
- Introduced
- In committee
- Passed House
- Passed Senate
- To Governor
- Became law
Sponsors
- Garcia (Democratic)
Cosponsors (2)
Summary
Official abstract published by the California legislature· summary
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. These provisions qualify 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 the Public Employees' Retirement System (PERS) and the State Teachers' Retirement System (STRS) from making certain new investments or renewing existing investments of public employee retirement funds, including in a thermal coal company, as defined. Existing law provides that a board is not required to take any action regarding those investments unless the board determines in good faith that the action is consistent with the board's fiduciary responsibilities established in the California Constitution.
This bill would request the University of California, Berkeley, Labor Center to conduct an independent study to analyze the extent of labor standards protections in California real estate and infrastructure development projects funded through the real asset portfolios of PERS and STRS. The bill would request that the study and a report of its findings be completed and provided to the Legislature and the Department of Finance by January 1, 2028, as specified.
Text versions
- 09/20/26 - Chaptered· Sep 20, 2026
- 09/01/26 - Enrolled· Sep 1, 2026
- 08/13/26 - Amended Senate· Aug 13, 2026
- 06/11/26 - Amended Senate· Jun 11, 2026
- 06/02/26 - Amended Senate· Jun 2, 2026
- 01/22/26 - Amended Assembly· Jan 22, 2026
- 03/24/25 - Amended Assembly· Mar 24, 2025
- 02/21/25 - Introduced· Feb 21, 2025
- AB1439
Roll-call votes
State vote data last updated Oct 15, 2026, 8:06 AM.
| Date | Vote | Result | Your legislators |
|---|---|---|---|
| Aug 27, 2026 House | AB 1439 Garcia Concurrence in Senate Amendments | pass | Set your home in California to see |
| Aug 26, 2026 Senate | 3rd Reading AB1439 Garcia et al. | pass | Set your home in California to see |
| Aug 13, 2026 Senate | Do pass as amended | pass | Set your home in California to see |
| Jun 22, 2026 Senate | Placed on suspense file | pass | Set your home in California to see |
| Jun 10, 2026 Senate | Do pass as amended, but first amend, and re-refer to the Committee on [Appropriations] | pass | Set your home in California to see |
| Jan 29, 2026 House | AB 1439 Garcia Assembly Third Reading | pass | Set your home in California to see |
| Jan 22, 2026 House | Do pass as amended. | pass | Set your home in California to see |
| Jan 14, 2026 House | Do pass and be re-referred to the Committee on [Appropriations] | pass | Set your home in California to see |
Actions
- Sep 20, 2026 · Legislature
Chaptered by Secretary of State - Chapter 365, Statutes of 2026. - Sep 20, 2026 · Legislature
Approved by the Governor. - Sep 4, 2026 · Legislature
Enrolled and presented to the Governor at 4 p.m. - Aug 27, 2026 · House
Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 60. Noes 9. Page 6680.). - Aug 26, 2026 · House
In Assembly. Concurrence in Senate amendments pending. - Aug 26, 2026 · Senate
Read third time. Passed. Ordered to the Assembly. (Ayes 28. Noes 10.). - Aug 17, 2026 · Senate
Read second time. Ordered to third reading. - Aug 13, 2026 · Senate
Read second time and amended. Ordered returned to second reading. - Aug 13, 2026 · Senate
From committee: Amend, and do pass as amended. (Ayes 5. Noes 2.) (August 13). - Jun 22, 2026 · Senate
In committee: Referred to APPR. suspense file. - Jun 11, 2026 · Senate
Read second time and amended. Re-referred to Com. on APPR. - Jun 10, 2026 · Senate
From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 4. Noes 1.) (June 10). - Jun 2, 2026 · Senate
From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on L., P.E. & R. - May 6, 2026 · Senate
Referred to Com. on L., P.E. & R. - Jan 29, 2026 · Senate
In Senate. Read first time. To Com. on RLS. for assignment. - Jan 29, 2026 · House
Read third time. Passed. Ordered to the Senate. (Ayes 50. Noes 9. Page 3879.) - Jan 26, 2026 · House
Read second time. Ordered to third reading. - Jan 22, 2026 · House
Read second time and amended. Ordered returned to second reading. - Jan 22, 2026 · House
From committee: Amend, and do pass as amended. (Ayes 10. Noes 4.) (January 22). - Jan 22, 2026 · House
In committee: Set, first hearing. Referred to suspense file. - Jan 22, 2026 · House
Assembly Rule 63 suspended. (Page 3806.) - Jan 14, 2026 · House
From committee: Do pass and re-refer to Com. on APPR. (Ayes 5. Noes 0.) (January 14). Re-referred to Com. on APPR. - Apr 21, 2025 · House
In committee: Set, first hearing. Hearing canceled at the request of author. - Mar 25, 2025 · House
Re-referred to Com. on P. E. & R. - Mar 24, 2025 · House
From committee chair, with author's amendments: Amend, and re-refer to Com. on P. E. & R. Read second time and amended. - Mar 24, 2025 · House
Referred to Com. on P. E. & R. - Feb 24, 2025 · House
Read first time. - Feb 22, 2025 · House
From printer. May be heard in committee March 24. - Feb 21, 2025 · House
Introduced. To print.