California Tightens Rules

California lawmakers respond with targeted regulation because the case follows prior reports of wealthy intended parents having large numbers of surrogate-born children. The state is likely to focus on agency licensing, child-welfare checks, escrow transparency, and limits on repeated surrogacy arrangements rather than banning surrogacy outright.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.