California 2009-2010 Regular Session Status: Enacted

AB 991 — Corporations: NASDAQ: national securities exchange.

Last action — Chaptered by Secretary of State - Chapter 131, Statutes of 2009.

  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed Assembly
  4. ✓
    Passed Senate
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced February 27, 2009. Enacted.

Prognosis

Likely to advance 70% · moderate confidence

Where this bill stands today.

Odds of enactment

High

How often bills like it became law.

  • Enacted

    Current position in the legislative process.

  • 1 sponsor

    1 primary, 0 co-sponsors signed on.

  • Cleared a recorded vote

    Passed 4 recorded votes so far.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Summary

Existing law regulates the operations of corporations, including, without limitation, elections of boards of directors and qualification with the Commissioner of Corporations of securities offerings in specified transactions, based on, among other things, whether a security is traded on a national securities exchange or is listed on the National Market System of the NASDAQ Stock Market. Existing law governing broker-dealers, investment advisers, and investment adviser representatives references the National Association of Securities Dealers. This bill would change references to the NASDAQ Stock Market to reflect existing federal law designating that market as a national securities exchange. The bill would change references to the American Stock Exchange to reflect its current name, the NYSE Amex. The bill would also change references to the National Association of Securities Dealers to reflect its current name, the Financial Industry Regulatory Authority, and make other technical and conforming changes.

Bill Text

Action History

  1. Chaptered by Secretary of State - Chapter 131, Statutes of 2009.

  2. Approved by the Governor.

  3. Enrolled and to the Governor at 2:30 p.m.

  4. Ordered returned to enrollment.

  5. Withdrawn from Governor.

  6. Enrolled and to the Governor at 3 p.m.

  7. In Assembly. To enrollment.

  8. Read third time, passed, and to Assembly. (Ayes 40. Noes 0. Page 1428.)

  9. Read second time. To Consent Calendar.

  10. From committee: Do pass. To Consent Calendar. (June 17).

  11. Referred to Com. on B., F. & I.

  12. In Senate. Read first time. To Com. on RLS. for assignment.

  13. Read third time, passed, and to Senate. (Ayes 78. Noes 0. Page 1368.)

  14. Read second time. To Consent Calendar.

  15. From committee: Do pass. To Consent Calendar. (May 4).

  16. Re-referred to Com. on B. & F.

  17. From committee chair, with author's amendments: Amend, and re-refer to Com. on B. & F. Read second time and amended.

  18. Referred to Com. on B. & F.

  19. Read first time.

  20. From printer. May be heard in committee March 30.

  21. Introduced. To print.

Sponsors

  • Silva · Primary

Sponsorship breakdown

Export CSV (upgrade) →

1 sponsors · 0 co-sponsors · 121 not signed on

Sponsors (1)

  • Silva

Co-sponsors (0)

None.

Not signed on (121)

121 members have not signed on to this bill.

Show all 121 →

"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.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Consent Calendar 2nd AB991 Silva

Passed 41 Yea · 0 Nay
Party YeaNayPresentNot Voting
Unaffiliated 38000
Democratic 2000
Republican 1000
Total 41000
% of votes cast 100%0%0%0%
How each member voted (41)
Member Party Vote
Yee — Yea
Wyland — Yea
Cedillo — Yea
Cogdill — Yea
Florez — Yea
Hancock — Yea
Hollingsworth — Yea
Kehoe — Yea
Leno — Yea
Liu — Yea
Lowenthal — Yea
Negrete — Yea
Runner — Yea
Corbett — Yea
Correa — Yea
Oropeza — Yea
Alquist — Yea
Ashburn — Yea
Benoit — Yea
Ducheny — Yea
Dutton — Yea
Pavley — Yea
Price — Yea
Romero — Yea
Walters — Yea
Wiggins — Yea
Wolk — Yea
Aanestad — Yea
Harman — Yea
Huff — Yea
Maldonado — Yea
McLeod — Yea
Simitian — Yea
Steinberg — Yea
Wright — Yea
Cox — Yea
DeSaulnier — Yea
Denham — Yea
Calderon, Lisa Democratic Yea
Padilla, Stephen C. Democratic Yea
Strickland, Tony Republican Yea

Official roll call →

AB 991 SILVA Consent Calendar Second Day Regular Session

Passed 90 Yea · 0 Nay · 2 Other
Party YeaNayPresentNot Voting
Unaffiliated 82002
Democratic 5000
Republican 3000
Total 90002
% of votes cast 98%0%0%2%
How each member voted (92)
Member Party Vote
Hagman — Yea
Carter — Yea
Chesbro — Yea
Conway — Yea
Cook — Yea
Coto — Yea
Bill — Yea
Berryhill — Yea
Tom — Yea
Berryhill — Yea
Charles — Yea
De — Yea
La — Yea
Torre — Yea
De — Yea
Leon — Yea
Anderson — Yea
Beall — Yea
Blakeslee — Yea
Fletcher — Yea
Gaines — Yea
Bonnie — Yea
V. — Yea
Manuel — Yea
Perez — Yea
John — Yea
A. — Yea
Perez — Yea
Portantino — Yea
Salas — Yea
Saldana — Yea
Audra — Yea
Feuer — Yea
Fuller — Yea
Furutani — Yea
Garrick — Yea
Bass — Yea
Duvall — Not Voting
Gilmore — Yea
Hall — Yea
Hayashi — Yea
Hernandez — Yea
Huber — Yea
Huffman — Yea
Knight — Yea
Lieu — Yea
Mendoza — Yea
Miller — Yea
Monning — Yea
Nava — Yea
Nestande — Yea
Ruskin — Yea
Silva — Yea
Smyth — Yea
Solorio — Yea
Torlakson — Yea
Torres — Yea
Tran — Yea
Villines — Yea
Adams — Yea
Ammiano — Yea
Block — Yea
Blumenfield — Yea
Brownley — Yea
Buchanan — Yea
Harkey — Yea
Hill — Yea
Jeffries — Yea
Krekorian — Yea
Logue — Yea
Ma — Yea
Nielsen — Yea
Price — Yea
Skinner — Yea
Swanson — Yea
Torrico — Yea
Emmerson — Yea
Eng — Yea
Evans — Yea
Davis — Yea
DeVore — Yea
Yamada — Not Voting
Fuentes — Yea
Galgiani — Yea
Arambula, Joaquin Democratic Yea
Caballero, Anna M. Democratic Yea
Calderon, Lisa Democratic Yea
Fong, Mike Democratic Yea
Lowenthal, Josh Democratic Yea
Jones, Brian W. Republican Yea
Niello, Roger W. Republican Yea
Strickland, Tony Republican Yea

Official roll call →

Do pass, to Consent Calendar.

Passed 10 Yea · 0 Nay · 2 Other
Party YeaNayPresentNot Voting
Democratic 2000
Unaffiliated 8002
Total 10002
% of votes cast 83%0%0%17%
How each member voted (12)
Member Party Vote
Gaines — Yea
Bonnie — Yea
Fuentes — Yea
Mendoza — Not Voting
Nava — Yea
Ruskin — Yea
Torres — Not Voting
Tran — Yea
Anderson — Yea
Swanson — Yea
Fong, Mike Democratic Yea
Lowenthal, Josh Democratic Yea

Official roll call →

Subjects

finance technology
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does AB 991 do?
Existing law regulates the operations of corporations, including, without limitation, elections of boards of directors and qualification with the Commissioner of Corporations of securities offerings in specified transactions, based on, among other things, whether a security is traded on a national securities exchange or is listed on the National Market System of the NASDAQ Stock Market. Existing law governing broker-dealers, investment advisers, and investment adviser representatives references the National Association of Securities Dealers. This bill would change references to the NASDAQ Stock Market to reflect existing federal law designating that market as a national securities exchange. The bill would change references to the American Stock Exchange to reflect its current name, the NYSE Amex. The bill would also change references to the National Association of Securities Dealers to reflect its current name, the Financial Industry Regulatory Authority, and make other technical and conforming changes.
Who sponsors AB 991?
AB 991 is sponsored by Silva.
What is the current status of AB 991?
This bill has been enacted into law. Introduced February 27, 2009. Enacted.
Where can I track AB 991?
Track AB 991 free on One Click Politics — get push/email alerts when it moves.

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