AB 1929: Health care coverage: investments: disclosure.

Official summary

Legislative Counsel’s Digest (official, as of the latest version). Written by nonpartisan legislative staff; reproduced verbatim.

Existing federal law, the Patient Protection and Affordable Care Act (PPACA), requires each state to establish an American Health Benefit Exchange to facilitate the purchase of qualified health benefit plans by qualified individuals and qualified small employers. Existing state law creates the California Health Benefit Exchange, also known as Covered California, to facilitate the enrollment of qualified individuals and qualified small employers in qualified health plans offered by participating carriers as required under PPACA.

This bill would require a nonprofit health care service plan participating in the Exchange to annually disclose its material investment holdings to the Exchange on or before July 1 of each year, unless otherwise specified by regulation, beginning on July 1, 2027. The bill would require the Exchange to prominently display, and make accessible to the public, those disclosures on its internet website. If a plan fails to comply with the disclosure requirements, the bill would require the Department of Managed Health Care to assess an administrative penalty against the plan, as specified. The bill would require the Exchange to prominently post the plan’s noncompliance status on its internet website until compliance is achieved.

Sponsors

Sponsors by party (alphabetical): Democratic 2

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

1. August 19, 2026Ordered to inactive file at the request of Senator Reyes.
2. August 17, 2026Read second time. Ordered to third reading.
3. August 13, 2026Read second time and amended. Ordered returned to second reading.
4. August 13, 2026From committee: Amend, and do pass as amended. (Ayes 5. Noes 2.) (August 13).
5. August 3, 2026In committee: Referred to APPR. suspense file.
6. June 29, 2026Re-referred to Com. on APPR.
7. June 29, 2026Withdrawn from committee.
8. June 26, 2026In committee: Hearing postponed by committee.
9. June 25, 2026From committee: Do pass and re-refer to Com. on JUD. (Ayes 6. Noes 2.) (June 24). Re-referred to Com. on JUD.
10. June 15, 2026From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on HEALTH.
11. June 10, 2026Referred to Coms. on HEALTH and JUD.
12. May 28, 2026In Senate. Read first time. To Com. on RLS. for assignment.