Regulatory Overreach Targeting Tech Would Cost California State and Local Government Employee Pension Plans Billions

Aggressive regulations, bills, and enforcement actions targeting tech would increase operating costs for regulated U.S. companies, reducing their market value and harming their shareholders. State and local government employee pension plans are leading shareholders in companies that would be targeted by such anti-tech policies, jeopardizing the retirement benefits of 27.9 million pension plan members nationwide and 3.7 million members in California, including teachers, firefighters, nurses, and police.