A resolution that urges California's two largest public pension funds not to invest in Russia cleared a California panel on Monday.

The Senate Public Employment and Retirement Committee approved the measure with a 4-1 bipartisan vote.

Senate Resolution 18 was introduced by Senator Mark Leno, an openly gay Democrat from San Francisco, in response to laws signed by President Vladimir Putin. One law prohibits gay couples from adopting Russian-born children, while a second prohibits the public promotion of gay rights where minors might be present, effectively banning Gay Pride marches and similar demonstrations. Russian officials have said that its “gay propaganda” law would be in effect at the Winter Olympics at Sochi and that athletes or guests who violate the law will be detained.

SR 18 calls on CalPERS and CalSTRS, which together manage more than $400 billion in assets, to stop making direct future investments in Russia and urges other organizations planning large events inside Russia, including the Miss Universe Pageant, to find new venues outside Russia.

“Russia's new anti-gay laws are designed to promote the ongoing persecution of LGBT people in that country, and they are an unconscionable affront to LGBT people around the globe,” Leno said in a statement. “As the host of international events, including the Winter Olympics and the Miss Universe Pageant, it is unacceptable that Russia promote discrimination against people based solely on sexual orientation or gender identity. California joins the worldwide outrage against these new laws and is in a unique position as one of the largest economies to make a strong statement that we will not tolerate nor invest in blatant violations of human rights.”