Bill Text: CA AB1320 | 2021-2022 | Regular Session | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Money transmission: customer service.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Passed) 2021-10-04 - Chaptered by Secretary of State - Chapter 453, Statutes of 2021. [AB1320 Detail]

Download: California-2021-AB1320-Introduced.html

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CALIFORNIA LEGISLATURE— 2021–2022 REGULAR SESSION

Assembly Bill

No. 1320

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Introduced by Assembly Member Bauer-Kahan

February 19, 2021

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An act to amend Section 80000 of the Financial Code, relating to banking.

LEGISLATIVE COUNSEL'S DIGEST

AB 1320, as introduced, Bauer-Kahan. Bank on California Program.

Existing law establishes, within the Department of Business Oversight, the Bank on California Program as a voluntary collaborative initiative that assists Californians in opening bank or credit union accounts.

This bill would make a nonsubstantive change to the provision establishing the Bank on California Program.

Digest Key

Vote: MAJORITY   Appropriation: NO   Fiscal Committee: NO   Local Program: NO  

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Bill Text

The people of the State of California do enact as follows:

SECTION 1.

 Section 80000 of the Financial Code is amended to read:

80000.

 (a) The Legislature finds and declares that “Bank on California” is a voluntary collaborative initiative that assists Californians in opening a bank or credit union account and saving for the future.

(b) There is hereby established within the department the Bank on California Program.