California 2011-2012 Regular Session Status: Enacted

SB 976 — Finance lenders: exemptions.

Last action — Chaptered by Secretary of State. Chapter 328, Statutes of 2012.

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

This bill has been enacted into law. Introduced January 19, 2012. 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 5 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 and brokers by the Department of Financial Institutions. Existing law exempts specified entities from the provisions of the California Finance Lenders Law. This bill would add community advantage lenders, as defined, to the list of entities exempted from the provisions of this law.

Bill Text

Action History

  1. Chaptered by Secretary of State. Chapter 328, Statutes of 2012.

  2. Approved by the Governor.

  3. Enrolled and presented to the Governor at 4:30 p.m.

  4. Assembly amendments concurred in. (Ayes 37. Noes 0. Page 4781.) Ordered to engrossing and enrolling.

  5. Ordered to special consent calendar.

  6. In Senate. Concurrence in Assembly amendments pending.

  7. Read third time. Passed. (Ayes 77. Noes 0. Page 5845.) Ordered to the Senate.

  8. Read second time. Ordered to third reading.

  9. Read second time and amended. Ordered to second reading.

  10. From committee: Do pass as amended. (Ayes 11. Noes 0.) (July 2).

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

  12. In Assembly. Read first time. Held at Desk.

  13. Read third time. Passed. (Ayes 37. Noes 0. Page 3290.) Ordered to the Assembly.

  14. (Corrected June 7.)

  15. Read second time and amended. Ordered to third reading.

  16. From committee: Do pass as amended. (Ayes 6. Noes 0. Page 3118.) (April 11).

  17. Set for hearing April 11.

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

  19. From printer. May be acted upon on or after February 19.

  20. Introduced. Read first time. To Com. on RLS. for assignment. To print.

Sponsors

  • Vargas · Primary

Sponsorship breakdown

Export CSV (upgrade) →

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

Sponsors (1)

  • Vargas

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

Special Consent #16

Passed 37 Yea · 0 Nay · 3 Other
Party YeaNayPresentNot Voting
Unaffiliated 34003
Republican 1000
Democratic 2000
Total 37003
% of votes cast 93%0%0%8%
How each member voted (40)
Member Party Vote
Yee — Yea
Wyland — Yea
Hancock — Yea
Hernandez — Yea
Huff — Yea
Kehoe — Yea
Runner — Yea
Lieu — Yea
Liu — Yea
Wolk — Yea
Lowenthal — Yea
Negrete McLeod — Yea
Rubio — Yea
Cannella — Yea
Fuller — Yea
De León — Not Voting
Harman — Not Voting
Leno — Yea
Corbett — Yea
Alquist — Yea
Blakeslee — Not Voting
Dutton — Yea
Pavley — Yea
Price — Yea
Vargas — Yea
Wright — Yea
Anderson — Yea
Simitian — Yea
Steinberg — Yea
Walters — Yea
Emmerson — Yea
Correa — Yea
Evans — Yea
DeSaulnier — Yea
Beth Gaines — Yea
Bill Berryhill — Yea
La Malfa — Yea
Calderon, Lisa Democratic Yea
Padilla, Stephen C. Democratic Yea
Strickland, Tony Republican Yea

Official roll call →

SB 976 Vargas Senate Third Reading By HUESO

Passed 77 Yea · 0 Nay · 3 Other
Party YeaNayPresentNot Voting
Unaffiliated 75002
Republican 2000
Democratic 0001
Total 77003
% of votes cast 96%0%0%4%
How each member voted (80)
Member Party Vote
John A. Pérez — Yea
Mitchell — Yea
Atkins — Yea
Hagman — Yea
Butler — Yea
Hill — Yea
Huber — Yea
Hueso — Yea
Carter — Yea
Portantino — Yea
Jeffries — Yea
Logue — Yea
Miller — Yea
Cedillo — Yea
Chesbro — Yea
Cook — Yea
Dickinson — Yea
Donnelly — Yea
Perea — Yea
Skinner — Yea
Valadao — Yea
Yamada — Yea
Eng — Yea
Campos — Yea
Feuer — Yea
Halderman — Yea
Mendoza — Yea
Olsen — Yea
Allen — Yea
Conway — Yea
Silva — Yea
Solorio — Yea
Williams — Yea
Harkey — Yea
Huffman — Yea
Bonilla — Yea
Gordon — Yea
Hall — Yea
Hayashi — Yea
Mansoor — Yea
Morrell — Yea
Nestande — Yea
Nielsen — Yea
Torres — Yea
Fuentes — Yea
Gatto — Yea
Gorell — Yea
Fong — Yea
Fletcher — Yea
Ma — Yea
Smyth — Yea
Galgiani — Yea
Monning — Yea
Beall — Yea
Achadjian — Yea
Alejo — Yea
Ammiano — Yea
Block — Yea
Blumenfield — Yea
Bradford — Yea
Brownley — Yea
Buchanan — Yea
Knight — Yea
Lara — Yea
Norby — Not Voting
Pan — Yea
Swanson — Yea
Wagner — Yea
Wieckowski — Yea
Davis — Yea
Furutani — Yea
Garrick — Yea
Beth Gaines — Yea
Bill Berryhill — Yea
Bonnie Lowenthal — Yea
Roger Hernández — Not Voting
V. Manuel Pérez — Yea
Calderon, Lisa Democratic Not Voting
Grove, Shannon Republican Yea
Jones, Brian W. Republican Yea

Official roll call →

Do pass as amended.

Passed 11 Yea · 0 Nay · 1 Other
Party YeaNayPresentNot Voting
Unaffiliated 10001
Democratic 1000
Total 11001
% of votes cast 92%0%0%8%
How each member voted (12)
Member Party Vote
Fletcher — Yea
Fuentes — Yea
Gatto — Yea
Harkey — Yea
Lara — Yea
Perea — Not Voting
Torres — Yea
Achadjian — Yea
Morrell — Yea
Eng — Yea
Roger Hernández — Yea
Calderon, Lisa Democratic Yea

Official roll call →

3rd Reading

Passed 37 Yea · 0 Nay · 3 Other
Party YeaNayPresentNot Voting
Unaffiliated 36001
Democratic 1001
Republican 0001
Total 37003
% of votes cast 93%0%0%8%
How each member voted (40)
Member Party Vote
Yee — Yea
Wyland — Yea
Hancock — Yea
Harman — Yea
Hernandez — Yea
Blakeslee — Yea
Lieu — Yea
Liu — Yea
Simitian — Yea
Steinberg — Yea
Walters — Yea
Wolk — Yea
Lowenthal — Yea
De León — Yea
Negrete McLeod — Yea
Rubio — Yea
Evans — Yea
Runner — Not Voting
Cannella — Yea
Alquist — Yea
Corbett — Yea
Dutton — Yea
Wright — Yea
Anderson — Yea
Huff — Yea
Kehoe — Yea
Leno — Yea
Pavley — Yea
Price — Yea
Vargas — Yea
Emmerson — Yea
Correa — Yea
DeSaulnier — Yea
Fuller — Yea
Beth Gaines — Yea
Bill Berryhill — Yea
La Malfa — Yea
Calderon, Lisa Democratic Yea
Padilla, Stephen C. Democratic Not Voting
Strickland, Tony Republican Not Voting

Official roll call →

Do pass as amended.

Passed 6 Yea · 0 Nay · 1 Other
Party YeaNayPresentNot Voting
Unaffiliated 5001
Democratic 1000
Total 6001
% of votes cast 86%0%0%14%
How each member voted (7)
Member Party Vote
Liu — Yea
Vargas — Yea
Walters — Not Voting
Blakeslee — Yea
Kehoe — Yea
Evans — Yea
Padilla, Stephen C. 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 SB 976 do?
Existing law, the California Finance Lenders Law, provides for the licensure and regulation of finance lenders and brokers by the Department of Financial Institutions. Existing law exempts specified entities from the provisions of the California Finance Lenders Law. This bill would add community advantage lenders, as defined, to the list of entities exempted from the provisions of this law.
Who sponsors SB 976?
SB 976 is sponsored by Vargas.
What is the current status of SB 976?
This bill has been enacted into law. Introduced January 19, 2012. Enacted.
Where can I track SB 976?
Track SB 976 free on One Click Politics — get push/email alerts when it moves.

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