Plain English Breakdown
The source confirms the bill states legislative intent but provides no details on how future laws will be structured or when they might pass.
Plan for Disclosing Health Plan Investments
This bill states that the Legislature intends to create a law requiring nonprofit integrated health care service plans to publicly share details about their major investments.
What This Bill Does
- States the intent of the Legislature to pass future laws on investment disclosure.
- Targets nonprofit organizations that provide integrated health care service plans.
- Requires these groups, in future legislation, to disclose material holdings in their investment portfolios.
Who It Names or Affects
- Nonprofit organizations providing integrated health care service plans
Limits and Unknowns
- This bill only states the intent of the Legislature and does not create a new rule immediately.
- The specific details of how disclosures must happen will be decided in future legislation.