Bill Text: CA AB2501 | 2019-2020 | Regular Session | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: COVID-19: homeowner, tenant, and consumer relief.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2020-06-15 - Motion to reconsider made by Assembly Member Limón. [AB2501 Detail]

Download: California-2019-AB2501-Introduced.html


CALIFORNIA LEGISLATURE— 2019–2020 REGULAR SESSION

Assembly Bill
No. 2501


Introduced by Assembly Member Limón

February 19, 2020


An act to amend Section 80002 of the Financial Code, relating to financial institutions.


LEGISLATIVE COUNSEL'S DIGEST


AB 2501, as introduced, Limón. Bank on California Program: annual report.
Existing law establishes the Bank on California Program within the Department of Business Oversight and requires the department to provide the respective chairpersons of the Senate Committee on Banking and Financial Institutions and the Assembly Committee on Banking and Finance with a brief annual summary on the activities of the program on or before August 30 of each year.
This bill would authorize, but would not require, the department to make the report described above and would delete the August 30, deadline..
Vote: MAJORITY   Appropriation: NO   Fiscal Committee: YES   Local Program: NO  

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


SECTION 1.

 Section 80002 of the Financial Code is amended to read:

80002.
 Commencing in 2016, the The department shall may provide the respective chairpersons of the Senate Committee on Banking and Financial Institutions and the Assembly Committee on Banking and Finance with a brief annual summary on the activities of the program. The summary shall be submitted no later than August 30 of each year.

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