California 2009-2010 Regular Session Status: Enacted

AB 401 — Financial institutions: finance lenders: exemptions.

Last action — Chaptered by Secretary of State - Chapter 103, 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 23, 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, the California Finance Lenders Law, provides for the licensure and regulation of finance lenders, as defined, by the Commissioner of Corporations and prohibits a person from engaging in the business of a finance lender or broker without a license. Until January 1, 2010, existing law exempts from its requirements a program-related investment by a private foundation, tax‑exempt organization, and a loan, guaranty, or investment made by a public charity, tax‑exempt organization meeting specified requirements. This bill would eliminate the January 1, 2010, sunset provision, allowing the exemptions to continue indefinitely.

Bill Text

Action History

  1. Chaptered by Secretary of State - Chapter 103, 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 Withdrawn from Governor.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 75. Noes 0. Page 986.)

  14. Read second time. To Consent Calendar.

  15. From committee: Do pass. To Consent Calendar. (April 13).

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

  17. From printer. May be heard in committee March 26.

  18. Read first time. To print.

Sponsors

  • Ruskin · Primary

Sponsorship breakdown

Export CSV (upgrade) →

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

Sponsors (1)

  • Ruskin

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 AB401 Ruskin

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

Official roll call →

AB 401 RUSKIN Consent Calendar Second Day Regular Session

Passed 86 Yea · 0 Nay · 6 Other
Party YeaNayPresentNot Voting
Unaffiliated 79005
Democratic 4001
Republican 3000
Total 86006
% of votes cast 93%0%0%7%
How each member voted (92)
Member Party Vote
Hall — Not Voting
Carter — Yea
Conway — Yea
Cook — Yea
Bill — Yea
Berryhill — Yea
Tom — Yea
Berryhill — Yea
De — Yea
La — Yea
Torre — Yea
De — Yea
Leon — Yea
Ammiano — Yea
Block — Yea
Duvall — Yea
Yamada — 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
Charles — Not Voting
Eng — Yea
Chesbro — Not Voting
Feuer — Yea
Fuentes — Yea
Furutani — Yea
Galgiani — Yea
Gilmore — Yea
Bass — Yea
Hagman — Yea
Harkey — Yea
Hayashi — Yea
Hill — Yea
Huber — Yea
Jeffries — Yea
Knight — Yea
Lieu — Yea
Logue — Yea
Mendoza — Yea
Miller — Yea
Nava — Yea
Nestande — Yea
Price — Yea
Ruskin — Yea
Silva — Yea
Skinner — Yea
Solorio — Yea
Swanson — Yea
Torres — Yea
Torrico — Yea
Villines — Yea
Adams — Yea
Anderson — Yea
Beall — Yea
Blakeslee — Not Voting
Blumenfield — Yea
Brownley — Yea
Buchanan — Not Voting
Hernandez — Yea
Huffman — Yea
Krekorian — Yea
Ma — Yea
Monning — Yea
Nielsen — Yea
Smyth — Yea
Torlakson — Yea
Tran — Yea
Emmerson — Yea
Coto — Yea
Evans — Yea
Davis — Yea
DeVore — Yea
Fuller — Yea
Garrick — Yea
Arambula, Joaquin Democratic Yea
Caballero, Anna M. Democratic Yea
Calderon, Lisa Democratic Not Voting
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 11 Yea · 0 Nay
Party YeaNayPresentNot Voting
Unaffiliated 10000
Democratic 1000
Total 11000
% of votes cast 100%0%0%0%
How each member voted (11)
Member Party Vote
Evans — Yea
Fuentes — Yea
Gaines — Yea
Mendoza — Yea
Ruskin — Yea
Swanson — Yea
Torres — Yea
Anderson — Yea
Nava — Yea
Tran — Yea
Fong, Mike Democratic Yea

Official roll call →

Subjects

finance
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 401 do?
Existing law, the California Finance Lenders Law, provides for the licensure and regulation of finance lenders, as defined, by the Commissioner of Corporations and prohibits a person from engaging in the business of a finance lender or broker without a license. Until January 1, 2010, existing law exempts from its requirements a program-related investment by a private foundation, tax‑exempt organization, and a loan, guaranty, or investment made by a public charity, tax‑exempt organization meeting specified requirements. This bill would eliminate the January 1, 2010, sunset provision, allowing the exemptions to continue indefinitely.
Who sponsors AB 401?
AB 401 is sponsored by Ruskin.
What is the current status of AB 401?
This bill has been enacted into law. Introduced February 23, 2009. Enacted.
Where can I track AB 401?
Track AB 401 free on One Click Politics — get push/email alerts when it moves.

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