Gov. Jerry Brown has killed Assembly Bill 1379, which would have required that pension systems with at least $4 billion in assets report to the state controller all their California investments and California emerging market investments as of July 1, 2012.
Assemblyman Steven Bradford, the Gardena Democrat who authored the legislation, figured that making the information plain would help attract private investment to poorer parts of the state.
Brown vetoed the measure as redundant for some pension funds and a needless expense for others.
Jerry Brown's AB 1379 Veto Letter