Letters of credit.
You could benefit from more secure and reliable financial services related to credit.
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SB 1612 — Letters of credit.
No card. One bill, free forever — alerts when it moves.
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1Introduced
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2In Committee
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3Passed Senate
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4Passed Assembly
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5To Executive
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6Enacted
This bill died with 1993-1994 Regular Session. It reached “Introduced” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.
In plain language
SB 1612 updates regulations for letters of credit.
This bill modifies the rules governing letters of credit to improve efficiency and clarity in financial transactions. It aims to protect the interests of both issuers and beneficiaries.
What this means for you
- Workers: A stronger financial environment can lead to more stable jobs and economic growth.
- Consumers: You could benefit from more secure and reliable financial services related to credit.
- Small Business: This means you may find it easier to secure financing and manage your transactions more reliably.
Bill Text
What changed in the latest version
1 added · 1 removedPlain-language change summary
In Bill SB 1612, the text has been refined to clarify certain provisions. Some wording has been added to enhance understanding and improve the bill’s overall focus. These changes are important because they help ensure that the bill is clearly communicated and understood, making it more effective in achieving its goals.
Bill Number Bill Keyword Home Bill Information California Law Publications Other Resources My Subscriptions My Favorites Bill Information >> Bill Search >> Text Bill TextBillText Information PDF2 Add To My Favorites | Version:
View plain text versions (2)
- Chaptered 09/16/94 - Chaptered Current pdf September 16, 1994
- SB1612 View text html
Sponsors
- Kopp · Cosponsor
- Caldera · Cosponsor
Sponsorship breakdown
Export CSV (upgrade) →0 sponsors · 2 co-sponsors · 120 not signed on
Sponsors (0)
None.
Co-sponsors (2)
- Kopp
- Caldera
Not signed on (120)
120 members have not signed on to this bill.
Show all 120 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Subjects
Frequently asked questions
- Who sponsors SB 1612?
- SB 1612 is sponsored by Kopp and Caldera.
- What is the current status of SB 1612?
- This bill died with 1993-1994 Regular Session. It reached “Introduced” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
- Where can I track SB 1612?
- Track SB 1612 free on One Click Politics — get push/email alerts when it moves.
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Last checked for changes 3 months ago · updated continuously
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