California 2017-2018 Regular Session Status: Enacted 1 D cosponsors

AB 2041 — University of California: Office of the Chief Investment Officer.

Last action — Chaptered by Secretary of State - Chapter 912, Statutes of 2018.

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  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed Assembly
  4. ✓
    Passed Senate
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced February 06, 2018. Enacted.

Prognosis

Likely to advance 76% · moderate confidence

Where this bill stands today.

Odds of enactment

High

How often bills like it became law.

  • Enacted

    Current position in the legislative process.

  • 3 sponsors

    1 primary, 2 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (1 D).

  • Cleared a recorded vote

    Passed 6 recorded votes so far.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Summary

Existing law establishes the University of California, under the administration of the Regents of the University of California, as one of the segments of public postsecondary education in this state. Under existing law, the University of California provides instruction at 10 campuses, which are located in Berkeley, Davis, Irvine, Los Angeles, Merced, Riverside, San Diego, San Francisco, Santa Barbara, and Santa Cruz. The regents have established the Office of the Chief Investment Officer (OCIO) and have assigned to that office the task of responsibly investing various funds of the university, including, but not limited to, endowment and pension funds. This bill would urge the regents to require the OCIO to use reasonable efforts to encourage diversity, to request partner firms to use reasonable efforts to encourage diversity, and to launch an emerging manager program. The bill would also require the OCIO to submit, on or before January 1, 2020, a report to the chairs of the appropriate policy committees of each house of the Legislature that includes specified information relating to any requirements the regents direct the OCIO to perform pursuant to the bill.

Bill Text

Action History

  1. Chaptered by Secretary of State - Chapter 912, Statutes of 2018.

  2. Approved by the Governor.

  3. Enrolled and presented to the Governor at 4:30 p.m.

  4. Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 56. Noes 23. Page 6369.).

  5. In Assembly. Concurrence in Senate amendments pending. May be considered on or after August 16 pursuant to Assembly Rule 77.

  6. Read third time. Passed. Ordered to the Assembly. (Ayes 27. Noes 8. Page 5269.).

  7. Read second time. Ordered to third reading.

  8. From committee: Be ordered to second reading pursuant to Senate Rule 28.8.

  9. From committee: Do pass and re-refer to Com. on APPR. (Ayes 6. Noes 1.) (June 27). Re-referred to Com. on APPR.

  10. From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on ED.

  11. Referred to Com. on ED.

  12. In Senate. Read first time. To Com. on RLS. for assignment.

  13. Read third time. Passed. Ordered to the Senate. (Ayes 53. Noes 23. Page 5528.)

  14. Read second time. Ordered to third reading.

  15. Read second time and amended. Ordered returned to second reading.

  16. From committee: Amend, and do pass as amended. (Ayes 12. Noes 4.) (May 25).

  17. In committee: Set, first hearing. Referred to APPR. suspense file.

  18. From committee: Do pass and re-refer to Com. on APPR. (Ayes 9. Noes 4.) (April 3). Re-referred to Com. on APPR.

  19. Re-referred to Com. on HIGHER ED.

  20. From committee chair, with author's amendments: Amend, and re-refer to Com. on HIGHER ED. Read second time and amended.

  21. Referred to Com. on HIGHER ED.

  22. From printer. May be heard in committee March 9.

  23. Read first time. To print.

Sponsors

Sponsorship breakdown

Export CSV (upgrade) →

1 sponsors · 2 co-sponsors · 119 not signed on · 9 voted No

Sponsors (1)

  • Caballero

Co-sponsors (2)

Not signed on (119)

119 members have not signed on to this bill.

Show all 119 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

AB 2041 CABALLERO Concurrence in Senate Amendments

Passed 56 Yea · 23 Nay · 1 Other
Party YeaNayPresentNot Voting
Unaffiliated 401701
Democratic 16000
Republican 0600
Total 562301
% of votes cast 70%29%0%1%
How each member voted (80)
Member Party Vote
Acosta — Nay
Bigelow — Nay
Bloom — Yea
Brough — Nay
Holden — Yea
Maienschein — Yea
Mathis — Nay
Nazarian — Yea
Quirk — Yea
Thurmond — Yea
Waldron — Nay
Chávez — Nay
Eggman — Yea
Cunningham — Nay
Daly — Yea
Gloria — Yea
Frazier — Yea
Friedman — Yea
Rivas — Yea
Rubio — Yea
Harper — Nay
Salas — Yea
Jones-Sawyer — Yea
Gray — Yea
Burke — Yea
Gonzalez Fletcher — Yea
Kamlager-Dove — Yea
Levine — Yea
Low — Yea
Mayes — Nay
McCarty — Yea
Fong — Nay
Baker — Nay
Chau — Yea
Chiu — Yea
Chu — Yea
Cooley — Yea
Cooper — Yea
Medina — Yea
Melendez — Nay
Mullin — Yea
O'Donnell — Yea
Obernolte — Nay
Rendon — Yea
Rodriguez — Yea
Santiago — Yea
Ting — Yea
Voepel — Nay
Weber — Yea
Wood — Yea
Kiley — Nay
Steinorth — Not Voting
Cristina Garcia — Yea
Eduardo Garcia — Yea
Jim Patterson — Nay
Mark Stone — Yea
Travis Allen — Nay
Wendy Carrillo — Yea
Aguiar-Curry, Cecilia M. Democratic Yea
Arambula, Joaquin Democratic Yea
Berman, Marc Democratic Yea
Bonta, Mia Democratic Yea
Caballero, Anna M. Democratic Yea
Calderon, Lisa Democratic Yea
Cervantes, Sabrina Democratic Yea
Gabriel, Jesse Democratic Yea
Gipson, Mike A. Democratic Yea
Grayson, Timothy S. Democratic Yea
Irwin, Jacqui Democratic Yea
Kalra, Ash Democratic Yea
Limón, Monique Democratic Yea
Muratsuchi, Al Democratic Yea
Quirk-Silva, Sharon Democratic Yea
Reyes, Eloise Gómez Democratic Yea
Chen, Phillip Republican Nay
Choi, Steven S. Republican Nay
Dahle, Megan Republican Nay
Flora, Heath Republican Nay
Gallagher, James Republican Nay
Lackey, Tom Republican Nay

Official roll call →

3rd Reading AB2041 Caballero et al. By Mitchell

Passed 27 Yea · 8 Nay · 5 Other
Party YeaNayPresentNot Voting
Unaffiliated 23804
Democratic 4001
Total 27805
% of votes cast 68%20%0%13%
How each member voted (40)
Member Party Vote
Bates — Nay
Bradford — Yea
Hill — Yea
Lara — Yea
Moorlach — Nay
Nielsen — Nay
Roth — Yea
Vidak — Yea
Chang — Nay
Delgado — Yea
Galgiani — Yea
Allen — Yea
De León — Yea
Cannella — Not Voting
Portantino — Yea
Atkins — Yea
Mitchell — Yea
Fuller — Not Voting
Glazer — Yea
Hernandez — Yea
Hertzberg — Yea
Hueso — Yea
Dodd — Yea
Anderson — Nay
Beall — Yea
Leyva — Yea
Monning — Yea
Morrell — Nay
Pan — Yea
Skinner — Yea
Wieckowski — Yea
Wilk — Nay
Beth Gaines — Not Voting
Bill Berryhill — Not Voting
Mark Stone — Nay
Jackson, Corey A. Democratic Yea
McGuire, Mike Democratic Yea
Nguyen, Stephanie Democratic Not Voting
Stern, Henry I. Democratic Yea
Wiener, Scott D. Democratic Yea

Official roll call →

AB 2041 CABALLERO Assembly Third Reading

Passed 53 Yea · 23 Nay · 2 Other
Party YeaNayPresentNot Voting
Unaffiliated 381900
Democratic 15000
Republican 0402
Total 532302
% of votes cast 68%29%0%3%
How each member voted (78)
Member Party Vote
Acosta — Nay
Baker — Nay
Bigelow — Nay
Bloom — Yea
Brough — Nay
Harper — Nay
Holden — Yea
Jones-Sawyer — Yea
Kamlager-Dove — Yea
Maienschein — Nay
Mathis — Nay
O'Donnell — Yea
Quirk — Yea
Ting — Yea
Wood — Yea
Eggman — Yea
Cunningham — Nay
Daly — Yea
Frazier — Yea
Gloria — Yea
Chiu — Yea
Chu — Yea
Mullin — Yea
Thurmond — Yea
Rubio — Yea
Friedman — Yea
Salas — Yea
Gray — Yea
Burke — Yea
Gonzalez Fletcher — Yea
Kiley — Nay
Fong — Nay
Chau — Yea
Levine — Yea
Low — Yea
Mayes — Nay
Chávez — Nay
Cooley — Yea
Cooper — Yea
McCarty — Yea
Medina — Yea
Melendez — Nay
Nazarian — Yea
Obernolte — Nay
Rendon — Yea
Rodriguez — Yea
Santiago — Yea
Steinorth — Nay
Voepel — Nay
Waldron — Nay
Weber — Yea
Cristina Garcia — Yea
Eduardo Garcia — Yea
Jim Patterson — Nay
Mark Stone — Yea
Travis Allen — Nay
Wendy Carrillo — Yea
Aguiar-Curry, Cecilia M. Democratic Yea
Arambula, Joaquin Democratic Yea
Berman, Marc Democratic Yea
Bonta, Mia Democratic Yea
Caballero, Anna M. Democratic Yea
Calderon, Lisa Democratic Yea
Cervantes, Sabrina Democratic Yea
Gipson, Mike A. Democratic Yea
Grayson, Timothy S. Democratic Yea
Irwin, Jacqui Democratic Yea
Kalra, Ash Democratic Yea
Limón, Monique Democratic Yea
Muratsuchi, Al Democratic Yea
Quirk-Silva, Sharon Democratic Yea
Reyes, Eloise Gómez Democratic Yea
Chen, Phillip Republican Nay
Choi, Steven S. Republican Not Voting
Dahle, Megan Republican Nay
Flora, Heath Republican Not Voting
Gallagher, James Republican Nay
Lackey, Tom Republican Nay

Official roll call →

Do pass as amended.

Passed 12 Yea · 4 Nay · 1 Other
Party YeaNayPresentNot Voting
Unaffiliated 9301
Democratic 3000
Republican 0100
Total 12401
% of votes cast 71%24%0%6%
How each member voted (17)
Member Party Vote
Bloom — Yea
Brough — Not Voting
Quirk — Yea
Eggman — Yea
Friedman — Yea
Gonzalez Fletcher — Yea
Fong — Nay
Nazarian — Yea
Bigelow — Nay
Chau — Yea
Obernolte — Nay
Eduardo Garcia — Yea
Wendy Carrillo — Yea
Bonta, Mia Democratic Yea
Calderon, Lisa Democratic Yea
Reyes, Eloise Gómez Democratic Yea
Gallagher, James Republican Nay

Official roll call →

Do pass and be re-referred to the Committee on [Appropriations]

Passed 9 Yea · 4 Nay
Party YeaNayPresentNot Voting
Unaffiliated 6400
Democratic 3000
Total 9400
% of votes cast 69%31%0%0%
How each member voted (13)
Member Party Vote
Baker — Nay
Bloom — Yea
Low — Yea
Santiago — Yea
Weber — Yea
Kiley — Nay
Chávez — Nay
Medina — Yea
Jim Patterson — Nay
Mark Stone — Yea
Arambula, Joaquin Democratic Yea
Irwin, Jacqui Democratic Yea
Quirk-Silva, Sharon Democratic Yea

Official roll call →

Subjects

finance labor education
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does AB 2041 do?
Existing law establishes the University of California, under the administration of the Regents of the University of California, as one of the segments of public postsecondary education in this state. Under existing law, the University of California provides instruction at 10 campuses, which are located in Berkeley, Davis, Irvine, Los Angeles, Merced, Riverside, San Diego, San Francisco, Santa Barbara, and Santa Cruz. The regents have established the Office of the Chief Investment Officer (OCIO) and have assigned to that office the task of responsibly investing various funds of the university, including, but not limited to, endowment and pension funds. This bill would urge the regents to require the OCIO to use reasonable efforts to encourage diversity, to request partner firms to use reasonable efforts to encourage diversity, and to launch an emerging manager program. The bill would also require the OCIO to submit, on or before January 1, 2020, a report to the chairs of the appropriate policy committees of each house of the Legislature that includes specified information relating to any requirements the regents direct the OCIO to perform pursuant to the bill.
Who sponsors AB 2041?
AB 2041 is sponsored by Caballero, Holden, and Reyes, Eloise Gómez (Democratic).
What is the current status of AB 2041?
This bill has been enacted into law. Introduced February 06, 2018. Enacted.
Where can I track AB 2041?
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Last checked for changes 3 months ago · updated continuously

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