CalPERS Divest Campaign

California Congressman Ted Lieu (CD 33) has written two letters to the board of CalPERS, the California Public Employees Retirement System, urging them to divest from the CIM III Fund because Trump Soho is in the fund's portfolio. 

California money is going into Donald Trump's pockets and California is therefore abetting President Trump's violations of the Emoluments Clause of The U.S. Constitution.

Rep. Ted Lieu rightly knows that this is wrong.   His second letter, with 11 of his Congressional colleagues signing on, details for the CalPERS board exactly how wrong it is.  It a very strong statement and broader than emoluments.  Click Here to read it and see who else signed on.