Podcast - What’s Next After Gov. Gavin Newsom’s Veto in California?
DE Under 3: California Governor Newsom Vetoed Bill That Would Have Explicitly Banned Caste Discrimination
In 2024, Californian workers faced a tempered legislative and judicial climate following an exciting election cycle from 2024. The California State Legislature and Governor Newsom have adjourned a legislative session that...more
California Assembly Bill 3129 (“AB3129”), which targeted for regulatory review a variety of health care transactions involving “private equity groups” and “hedge funds,” was vetoed by Governor Gavin Newsom on September 28,...more
In a significant move that has drawn both praise and criticism, California Governor Gavin Newsom recently vetoed Senate Bill 1047, the Safe and Secure Innovation for Frontier Artificial Intelligence Models Act (SB 1047), a...more
In this episode of "Counsel That Cares," healthcare attorney John Saran and PitchBook Lead Healthcare Analyst Rebecca Springer, Ph.D., discuss the state of healthcare transaction laws and their future in 2025. Mr. Saran and...more
With the surge of artificial intelligence (AI) development in recent years, state legislatures, including California's, have contemplated how to balance patient safety and quality of care with the need for and expectation of...more
California Governor Gavin Newsom has vetoed SB-1047. The controversial bill was intended to establish safety guidelines for artificial intelligence models and would have been the first significant piece of state AI...more
On September 28, 2024, California Governor Gavin Newsom vetoed AB 3129, which would have required qualifying private equity groups, hedge funds, and any associated portfolio companies to notify and obtain written consent from...more
California Governor Gavin Newsom has vetoed a bill that sought to ensure the safe development of artificial intelligence (AI), including by imposing whistleblower protections for developers’ employees who reported potential...more
TAKEAWAY: California Gov. Gavin Newsom has vetoed SB 1047 – the controversial AI regulation bill that both chambers of the California legislature passed by wide margins. The veto is a good outcome for the nascent AI industry....more
On Sept. 28, 2024, Gov. Gavin Newsom vetoed California Assembly Bill 3129 (A.B. 3129), which would have required private equity funds and hedge funds to obtain consent before entering into certain healthcare transactions. The...more
Private equity groups looking to invest in California’s health care industry breathed a sigh of relief when the governor vetoed California’s AB 3129. Our Health Care Group explains why health care transactions in the state...more
On September 28, 2024, California governor Gavin Newsom vetoed AB 3129, a bill that, among other things, would have required private equity firms and hedge funds to provide 90 days’ prior written notice to, and for some...more
On Sunday, September 29, California Governor Gavin Newsom vetoed California Senate Bill 1047, which would have established novel safety regulations on large artificial intelligence (AI) models. Known as the Safe and Secure...more
Now that the California legislative session is essentially over and Governor Newsom has taken action to either approve or veto all the workplace law bills on his desk, employers can take stock on all the new laws that will...more
On September 28, 2024, Governor Newsom vetoed Assembly Bill No. 3129 (AB 3129), which would have required private equity groups and hedge funds to obtain the Attorney General’s written consent at least 90 days prior to...more
California Governor Gavin Newsom on September 29, 2024 vetoed a bill imposing new AI safety regulations, while approving a law mandating transparency in generative AI. This update explores the implications for developers and...more
The time for Newsom to sign or veto bills has now passed. Of the nine bills discussed herein, Newsom signed seven and vetoed two. Please see the update below each bill that discusses its resolution....more
On Saturday, September 28th, Governor Newsom vetoed AB 3129, which would have required pre-closing notice to and, in some instances, approval by the California Attorney General for a wide range of private equity health care...more
On September 28, 2024, California Governor Gavin Newsom vetoed California Assembly Bill 3129 (the Bill). The Bill, if enacted, would have imposed new notice and consent requirements for private equity investors involved in...more
On Saturday, September 28, California Governor Gavin Newsom vetoed Assembly Bill 3129. ...more
On Saturday, September 28, California Gov. Gavin Newsom vetoed a controversial bill that would have restricted private equity and hedge fund healthcare transactions in the state....more
On September 28, California Governor Newsom vetoed Assembly Bill 3129 (Bill), which would have created significant oversight of private investment in and management of certain healthcare transactions and arrangements in...more
California Governor Gavin Newsom vetoed AB 3129 on September 28, 2024. AB 3129 would have required private equity groups and hedge funds to notify, and receive the consent of, the California Attorney General for certain...more
California Governor Gavin Newsom vetoed A.B. 3048, an amendment to California's landmark consumer privacy act that dealt with the delivery of opt-out preference signals installed in mobile and web browsers. The proposed...more
Along with signing into law a variety of employment-related bills in the 2023–2024 legislative session, Governor Gavin Newsom also vetoed numerous bills that would have further affected California employers. Here is an...more