Integrated health care service plan investment disclosures.
Vote required
Majority
Fiscal committee
No
Appropriation
No
Current location
Pending Referral
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill aims to increase transparency regarding the investments held by nonprofit organizations that operate integrated health care service plans in California. Currently, these organizations are not required to publicly disclose their investment holdings. The bill seeks to establish a requirement for these organizations to make material investment information available to the public, including investments held through related entities.
Key provisions
- Requires nonprofit integrated health care service plans to disclose material investment holdings.
- Covers investments held directly and indirectly through affiliated entities.
- The disclosure requirement applies to organizations providing integrated health care services.
- The goal is to increase public transparency regarding investment practices.
Who is affected
- Nonprofit integrated health care service plans
- California residents who utilize these plans
- The Department of Managed Health Care
Bill text
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Sponsors
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2 on record
Primary sponsor
Cosponsor
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