Posted inCalifornia, The M Files

Is a Public Cannabis Bank Feasible? Treasurer Chiang Aims to Find Out

SACRAMENTO August 1, 2018 – California State Treasurer John Chiang today announced the selection of San Diego-based Level 4 Ventures to determine the feasibility of establishing a public cannabis bank. The need for a public cannabis bank has stirred intense interest and debate among financial experts, public officials, and the cannabis industry, as well as […]

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Treasurer John Chiang to Health Clinics: If Trump Cuts Title X Funds, We’ve Got Your Back

SACRAMENTO, May 25, 2018 – In response to threats by the Trump Administration to adopt a proposed rule change that would cut funding to community health care clinics, Treasurer John Chiang is reminding California health clinics that emergency “Lifeline” grants are available to help impacted clinics keep their doors open a little while longer with […]

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Statement of State Treasurer John Chiang on Governor Jerry Brown’s May Budget Revision

SACRAMENTO, May 11, 2018 – California State Treasurer John Chiang released the following statement today: “Today’s press releases will be a cacophony of calls for more fiscal restraint versus more human investment. Like dueling pianos, you’ll hear fears of prolific spending in the face of a looming recession versus fears of a decaying California Dream […]

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Treasurer Chiang Applauds Adoption of Policy to End Investments of Teachers’ Retirement Money in Sellers of Banned Assault Weapons

SACRAMENTO, May 9, 2018 – California State Treasurer John Chiang today applauded the California State Teachers’ Retirement System for becoming the first state pension fund in the nation to adopt a policy that seeks to end pension investments in companies profiting from the proliferation of banned military-style assault weapons. “At a pivotal moment in the […]

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Treasurer John Chiang Calls On CalPERS and CalSTRS to Divest from Sellers of Banned Military-Style Assault Weapons

SACRAMENTO, March 19, 2018 – State Treasurer John Chiang today urged the nation’s largest institutional investors – including CalPERS and CalSTRS — to divest holdings from wholesale or retail sellers of military-style assault weapons, ammunition and other devices such as “bump stocks” that are banned in California. “If Congress and statehouses are unwilling or unable to […]

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California Retirement Savings Program Now Called CalSavers

SACRAMENTO, Feb. 23, 2018 – State Treasurer John Chiang today announced that the Secure Choice Retirement Savings Program, which will provide retirement security to nearly 6.8 million private sector workers, has a new name: CalSavers. “The name CalSavers truly reflects what this program is all about — providing an opportunity for millions of Californians to easily […]

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Treasurer Unveils New Program to Help Make Higher Education Accessible for More California Families

SACRAMENTO December 7, 2017 – California State Treasurer John Chiang and ScholarShare 529, one of the nation’s top performing college savings plans, today announced the launch of a new program to help low- and moderate-income California families jumpstart saving for college. The Matching Grant Program will help families open a college savings account and counter […]

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Treasurer Chiang, Affordable Housing Advocates to Legislature: Go ‘Big and Bold’ to Address State’s Housing Crisis

SACRAMENTO, Aug. 24, 2017 –  State Treasurer John Chiang, affordable housing advocates and Californians who have benefited from affordable housing programs urged the Legislature on Thursday to quickly pass and send the Governor a package of bills that includes ongoing funding to build affordable homes (SB 2), a $3 billion affordable housing bond (SB 3) […]

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Treasurer John Chiang and Senate Leader Kevin de León Vow to Fight for Californians’ Right to Retirement Security

SACRAMENTO, May 18, 2017 – State Treasurer John Chiang and Senate President pro Tempore Kevin de León (D-Los Angeles) said today that California’s Secure Choice program remains on track to provide retirement security to nearly 6.8 million private-sector workers who do not have access to a retirement savings plan from their employer. Earlier this month, […]

Posted inCalifornia

Treasurer John Chiang Responds to Congressional Threat to California’s Secure Choice Retirement Plan

SACRAMENTO February 8, 2017 – “For the past four years, California has been striving to provide a comfortable and dignified retirement to 6.8 million private-sector workers. That effort is now under siege. Today, two Republican members of the House of Representatives in Washington introduced a resolution that would strike down a recent Department of Labor […]

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Treasurer Chiang, 27 Asian American Office Holders, Decry President Trump’s Muslim Ban

SACRAMENTO, Feb. 1, 2017 – State Treasurer John Chiang and influential Asian Pacific Islander Americans elected to local, state and federal offices today asked President Donald Trump to rescind his “unconstitutional executive order shutting our nation’s borders to travelers from seven predominantly Muslim countries based solely on their race and religious beliefs.” The letter, included below, […]

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As White House Doubles Down on Denial, Treasurer Chiang Pursues New Path to Curb Climate Change

SACRAMENTO, Jan. 23, 2017 – State Treasurer John Chiang today issued a stinging rebuke to Trump administration climate deniers and reaffirmed California’s support for the goals of the Paris Climate Agreement. At the same time, he previewed portions of a major environmental speech in which he makes the case that as the federal government rolls the […]

Posted inCalifornia

Cannabis Banking Tales of Risks Take Center Stage at Capitol Meeting of Industries and Public Agencies

SACRAMENTO December 20, 2016 – Simple questions about how to maintain bank accounts and make deposits became entangled with prison anxieties and fears of robbery Monday during the first in a series of meetings of the Cannabis Banking Working Group convened by California State Treasurer John Chiang. About 100 people attended the meeting in the […]

Posted inCalifornia

Treasurer John Chiang Sanctions Wells Fargo Bank for Defrauding California Customers

SACRAMENTO, Calif. September 28, 2016 – Wells Fargo’s admission that thousands of its bank employees opened over two million fraudulent consumer accounts is a legal and ethical outrage that cannot go unpunished, State Treasurer John Chiang said today. “Wells Fargo’s fleecing of its customers by opening fraudulent accounts for the purpose of extracting millions in […]

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