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California Imposes Sweeping Demographic Reporting Rule on Private Fund Sponsors | Bryan Cave Leighton Paisner

On October 8, 2023, California Governor Gavin Newsom signed into law Senate Bill 54, Fair Investment Practices by Investment Advisers (“SB54”). The law requires that “covered entities”. ....

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Sweeping Law for DEI Transparency of Private Funds with a California Nexus | Dechert LLP

California continues its initiatives to increase workplace diversity through a new law that will require certain funds with a nexus to California to report DEI information about the. ....

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Senate Republicans lead bipartisan call for oversight hearing in response to scathing EDD audit results

Joint Legislative Audit Committee
Sacramento, CA 95814
Dear Senator Durazo and Assemblymember Salas,
We write today to call upon the Legislature to quickly hold hearings to address the continuing mismanagement of our state’s Unemployment Insurance (UI) program by the Employment Development Department (EDD). Since the pandemic began almost 11 months ago, we have heard horror stories from our constituents about unemployment claims being delayed, denied, or just lost in the bureaucracy. Adding insult to injury, newspapers have reported that fraudulent claims totaling potentially billions of dollars have been paid, even while legitimate claims languish. Unfortunately, we have also seen the Governor’s past plans and initiatives fail to reform these problems, and the recently released Governor’s budget offered no new proposals for strategic changes, systems investment, or management improvements. ....

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