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California State Senator Anthony Portantino discussing Senate Bill 457
SACRAMENTO A bill allowing local agencies to divest from Turkey overwhelmingly passed the California State Senate on Monday, with a vote of 35-0. Senate Bill 457, introduced by Senator Anthony J. Portantino and Senate Republican Leader Scott Wilk requires the Public Employees’ Retirement System and the State Teachers’ Retirement System Boards of Administration to allow school districts and cities to opt out of investment vehicles issued or owned by the Republic of Turkey.
“SB 457 would impose much needed economic consequences on a regime that continues to engage in an ongoing campaign of genocide denial,” stated Senator Portantino.
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