New Cali Law Requires Pensions To Sell Companies Building Trump's "Wall Of Shame"
A new piece of legislation recently introduced in California, Assembly Bill (AB) 946 or the "Resist the Wall Act," would require the California Public Employee Retirement System (CalPERS) and the California State Teachers Retirement System (CalSTRS) – the nation’s first and second largest pension funds - to liquidate within 12 months any investments in companies involved in the construction of President Trump's "Wall of Shame". The bill also requires the two pension funds to report to the Legislature and the Governor by January 1, 2019 with a list of compa