Concerns about CalPERS' inattention to these factors prompted the the CaliforniaState Legislature's Joint Legislative Audit Committee on 27 June 2000 to direct an audit of the fund's international portfolio.
Ray Haynes and led by Casey Institute Chair Roger W. Robinson, Jr. illuminated for members of the Californiastate legislature's Joint Legislative Audit Committee (JLAC) a distressing prospect: Many millions of dollars in CalPERS' and other American investment portfolios are being unwittingly invested in companies engaged in behavior inconsistent with this country's fundamental human rights precepts and national security interests.