After the December 14 , 2012 Sandy Hook Elementary School shooting , California 's treasurer , Bill Lockyer , considered ordering CalSTRS to eliminate investments in gun manufacturers . On January 9 , 2013 , the Teachers ' Retirement Board Investment Committee directed staff to " begin the process of divestment from firearm companies that manufacture weapons that are illegal in California , " and CalSTRS divested from Sturm Ruger and the American Outdoor Brands Corporation , ( formerly Smith & Wesson )
Sandy Hook Elementary School shooting
Sandy Hook Elementary School shooting
CalSTRS