AB 1954 – Foster Care: Relative and Sibling Placement: Prioritizes placing siblings together within the child welfare system, making it easier for them to be placed in the same home. Facilitates the swift resolution of placement assessments with relatives and hearings to ensure siblings maintain their family ties.
AB 2049 – Reinsurance Credit: Updates state insurance law to reflect changes adopted by the National Association of Insurance Commissioners (NAIC) relative to credit for reinsurance.
AB 2510 – State Teacher’s Retirement: Investment Managers and Investment Advisers: Contracts: Streamlines the ability of the California State Teachers’ Retirement System (CalSTRS) to secure investment services. This is achieved by establishing an internal procurement and bidding process to enhance the boards’ ability to secure the best value for members and beneficiaries while successfully fulfilling their fiduciary obligations.