SACRAMENTO – State Treasurer John Chiang today urged CalSTRS board members to divest the pension fund’s holdings in wholesale or retail sellers of military-style assault weapons, ammunition and other devices such as “bump stocks” that are banned in California. Below is a transcript of the Treasurer’s speech: “Chairman Keiley and Investment Committee members… “Exactly one month…
MENTO, Calif. – State Treasurer John Chiang announced today that he has decided to extend into a second year California’s financial sanctions against Wells Fargo & Company. The sanctions include the suspension of investments by the Treasurer’s Office in Wells Fargo securities; suspension of the use of the bank as a broker-dealer for purchase of investments,…
SACRAMENTO, Calif. – Congressman Dana Rohrabacher and other expert witnesses will brief State Treasurer John Chiang and members of his Cannabis Banking Working group on how to provide banking services to California’s soon-to-be-legalized recreational cannabis industry in San Diego on Friday. Chiang, who created the 17-member panel late last year, has held a series of…
SACRAMENTO – California State Treasurer John Chiang is taking the lead in urging Obama Administration officials to rewrite regulations that could prevent people with disabilities from participating in a new savings program and still qualify for federal housing assistance. Earlier this week, Chiang and the treasurers of Nevada, Illinois, Rhode Island and Alaska wrote a joint letter…
