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    AB-1439
    Labor & Employment

    Public retirement systems: development projects: labor standards.

    Introduced
    CA
    ∙
    2025-2026 Regular Session
    0
    0
    Track
    Track

    Key Takeaways

    • Prohibits public pension systems from investing in California development projects that lack specific labor protections.
    • Requires development projects to pay prevailing wages and use skilled workers for construction work.
    • Mandates developers to ensure labor peace during union organizing campaigns.
    • Allows pension boards to reject these requirements if they conflict with fiduciary duties.

    Summary

    Assembly Member Garcia's proposal to regulate public pension fund investments in California development projects would establish new labor standards requirements for such investments. The measure prohibits public retirement system boards from making new investments or providing financing for development projects unless they incorporate specific labor protections.

    The bill defines these required labor standards in three key areas. First, construction and maintenance work must follow prevailing wage and apprenticeship requirements that currently apply to public projects. Second, contractors and subcontractors must commit to using a skilled and trained workforce for building trades work, unless covered by a qualifying project labor agreement. Third, developers must provide commitments designed to maintain labor peace during union organizing campaigns for workers employed after project completion.

    The measure preserves retirement boards' fiduciary discretion by specifying that these investment restrictions apply only when boards determine in good faith that such actions align with their constitutional responsibilities. This provision maintains boards' ability to evaluate investment decisions within their existing duty framework while adding labor standards as a new qualifying criterion for development project investments.

    Key Dates

    Next Step
    Referred to the Assembly Standing Committee on Public Employment and Retirement
    Next Step
    Assembly Committee
    Referred to the Assembly Standing Committee on Public Employment and Retirement
    Hearing has not been scheduled yet
    Introduced. To print.
    Assembly Floor
    Introduced. To print.
    Introduced. To print.

    Contacts

    Profile
    Tom LackeyR
    Assemblymember
    Committee Member
    Not Contacted
    Not Contacted
    Profile
    Tasha Boerner HorvathD
    Assemblymember
    Committee Member
    Not Contacted
    Not Contacted
    Profile
    Tina McKinnorD
    Assemblymember
    Committee Member
    Not Contacted
    Not Contacted
    Profile
    Juan AlanisR
    Assemblymember
    Committee Member
    Not Contacted
    Not Contacted
    Profile
    Stephanie NguyenD
    Assemblymember
    Committee Member
    Not Contacted
    Not Contacted
    0 of 7 row(s) selected.
    Page 1 of 2
    Select All Legislators
    Profile
    Tom LackeyR
    Assemblymember
    Committee Member
    Profile
    Tasha Boerner HorvathD
    Assemblymember
    Committee Member
    Profile
    Tina McKinnorD
    Assemblymember
    Committee Member
    Profile
    Juan AlanisR
    Assemblymember
    Committee Member
    Profile
    Stephanie NguyenD
    Assemblymember
    Committee Member
    Profile
    Robert GarciaD
    Assemblymember
    Bill Author
    Profile
    Sade ElhawaryD
    Assemblymember
    Committee Member

    Get Involved

    Act Now!

    Email the authors or create an email template to send to all relevant legislators.

    Introduced By

    Robert Garcia
    Robert GarciaD
    California State Assembly Member
    10% progression
    Bill has been formally introduced and read for the first time in its house of origin (2/21/2025)

    Key Takeaways

    • Prohibits public pension systems from investing in California development projects that lack specific labor protections.
    • Requires development projects to pay prevailing wages and use skilled workers for construction work.
    • Mandates developers to ensure labor peace during union organizing campaigns.
    • Allows pension boards to reject these requirements if they conflict with fiduciary duties.

    Get Involved

    Act Now!

    Email the authors or create an email template to send to all relevant legislators.

    Introduced By

    Robert Garcia
    Robert GarciaD
    California State Assembly Member

    Summary

    Assembly Member Garcia's proposal to regulate public pension fund investments in California development projects would establish new labor standards requirements for such investments. The measure prohibits public retirement system boards from making new investments or providing financing for development projects unless they incorporate specific labor protections.

    The bill defines these required labor standards in three key areas. First, construction and maintenance work must follow prevailing wage and apprenticeship requirements that currently apply to public projects. Second, contractors and subcontractors must commit to using a skilled and trained workforce for building trades work, unless covered by a qualifying project labor agreement. Third, developers must provide commitments designed to maintain labor peace during union organizing campaigns for workers employed after project completion.

    The measure preserves retirement boards' fiduciary discretion by specifying that these investment restrictions apply only when boards determine in good faith that such actions align with their constitutional responsibilities. This provision maintains boards' ability to evaluate investment decisions within their existing duty framework while adding labor standards as a new qualifying criterion for development project investments.

    10% progression
    Bill has been formally introduced and read for the first time in its house of origin (2/21/2025)

    Key Dates

    Next Step
    Referred to the Assembly Standing Committee on Public Employment and Retirement
    Next Step
    Assembly Committee
    Referred to the Assembly Standing Committee on Public Employment and Retirement
    Hearing has not been scheduled yet
    Introduced. To print.
    Assembly Floor
    Introduced. To print.
    Introduced. To print.

    Contacts

    Profile
    Tom LackeyR
    Assemblymember
    Committee Member
    Not Contacted
    Not Contacted
    Profile
    Tasha Boerner HorvathD
    Assemblymember
    Committee Member
    Not Contacted
    Not Contacted
    Profile
    Tina McKinnorD
    Assemblymember
    Committee Member
    Not Contacted
    Not Contacted
    Profile
    Juan AlanisR
    Assemblymember
    Committee Member
    Not Contacted
    Not Contacted
    Profile
    Stephanie NguyenD
    Assemblymember
    Committee Member
    Not Contacted
    Not Contacted
    0 of 7 row(s) selected.
    Page 1 of 2
    Select All Legislators
    Profile
    Tom LackeyR
    Assemblymember
    Committee Member
    Profile
    Tasha Boerner HorvathD
    Assemblymember
    Committee Member
    Profile
    Tina McKinnorD
    Assemblymember
    Committee Member
    Profile
    Juan AlanisR
    Assemblymember
    Committee Member
    Profile
    Stephanie NguyenD
    Assemblymember
    Committee Member
    Profile
    Robert GarciaD
    Assemblymember
    Bill Author
    Profile
    Sade ElhawaryD
    Assemblymember
    Committee Member