Tag Archive for AB 1743

Senate Committee Approves Bill in Response to Pension Fund Investment Scandal

The Senate Public Employment and Retirement Committee approved legislation this week that would require placement agents to register as lobbyists and would end contingency fee arrangements based on winning contracts from California’s public retirement systems. Co-authored by Senator Lou Correa (Santa Ana), Assembly Bill 1743 (AB 1743) would help to ensure that transactions that involve placement agents securing investment assets from the state’s pension funds remain above board.