California 2009-2010 Regular Session Status: In Committee

AB 276 — Professional fiduciaries: licensing.

Last action — From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.

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

This bill died with 2009-2010 Regular Session. It reached “In Committee” 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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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.

Summary

Existing law requires a professional fiduciary, as defined, to be licensed by the Professional Fiduciaries Bureau within the Department of Consumer Affairs and prohibits a person from acting or holding himself or herself out as a professional fiduciary unless licensed. Existing law exempts from this requirement specified persons, including a certified public accountant acting within the scope of practice and a person enrolled as an agent to practice before the Internal Revenue Service acting within the scope of practice as specified in federal regulations. This bill would categorically exempt a licensed certified public accountant and an enrolled agent licensed by the United States Department of the Treasury from that requirement.

Bill Text

Action History

  1. From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.

  2. Died pursuant to Art. IV, Sec. 10(c) of the Constitution.

  3. In committee: Set, second hearing. Held under submission.

  4. In committee: Set, first hearing. Referred to APPR. suspense file.

  5. From committee: Do pass, and re-refer to Com. on APPR. Re-referred. (Ayes 11. Noes 0.) (April 21).

  6. Re-referred to Com. on B. & P.

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

  8. Referred to Com. on B. & P.

  9. From printer. May be heard in committee March 15.

  10. Read first time. To print.

Sponsors

  • Hayashi · Primary

Sponsorship breakdown

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

Sponsors (1)

  • Hayashi

Co-sponsors (0)

None.

Not signed on (121)

121 members have not signed on to this bill.

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"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.

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Votes

Subjects

finance labor
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Frequently asked questions

What does AB 276 do?
Existing law requires a professional fiduciary, as defined, to be licensed by the Professional Fiduciaries Bureau within the Department of Consumer Affairs and prohibits a person from acting or holding himself or herself out as a professional fiduciary unless licensed. Existing law exempts from this requirement specified persons, including a certified public accountant acting within the scope of practice and a person enrolled as an agent to practice before the Internal Revenue Service acting within the scope of practice as specified in federal regulations. This bill would categorically exempt a licensed certified public accountant and an enrolled agent licensed by the United States Department of the Treasury from that requirement.
Who sponsors AB 276?
AB 276 is sponsored by Hayashi.
What is the current status of AB 276?
This bill died with 2009-2010 Regular Session. It reached “In Committee” 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 AB 276?
Track AB 276 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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