California 2011-2012 Regular Session Status: Enacted

SB 979 — Financial institutions.

Last action — Chaptered by Secretary of State. Chapter 356, 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 23, 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 8 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 establishes the Department of Financial Institutions in the Business, Transportation and Housing Agency and provides that the department is in charge of the execution of specified laws relating to various financial institutions and financial services. Existing law requires the Commissioner of Financial Institutions to give public notice of specified final orders affecting the license of a licensee or foreign credit union. This bill would require the commissioner to also post the notice of specified orders affecting a licensee or foreign credit union on the department's public Internet Web site. The bill would authorize the commissioner to delay posting the decision or order if he or she makes a finding that such a posting would affect the safety or soundness of the financial institution subject to the order or decision. This bill would also authorize the commissioner to redact certain portions of the orders posted pursuant to these provisions if he or she determines that the redaction is necessary to protect the identity of a customer of the affected institution. This bill would also make technical changes to the Money Transmission Act.

Bill Text

Action History

  1. Chaptered by Secretary of State. Chapter 356, 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 4761.) Ordered to engrossing and enrolling.

  5. In Senate. Concurrence in Assembly amendments pending.

  6. Read third time. Passed. (Ayes 77. Noes 0. Page 6064.) Ordered to the Senate.

  7. Read second time. Ordered to third reading.

  8. From committee: Do pass. (Ayes 17. Noes 0.) (August 16).

  9. Set, first hearing. Referred to APPR. suspense file.

  10. Read second time and amended. Re-referred to Com. on APPR.

  11. From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 11. Noes 0.) (July 2).

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

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

  14. Read third time. Passed. (Ayes 38. Noes 0. Page 3750.) Ordered to the Assembly.

  15. Ordered to special consent calendar.

  16. Read second time. Ordered to third reading.

  17. From committee: Do pass. (Ayes 7. Noes 0. Page 3589.) (May 24).

  18. Set for hearing May 24.

  19. From committee with author's amendments. Read second time and amended. Re-referred to Com. on APPR.

  20. Placed on APPR. suspense file.

  21. Set for hearing April 30.

  22. From committee: Do pass and re-refer to Com. on APPR. (Ayes 7. Noes 0. Page 3205.) (April 18). Re-referred to Com. on APPR.

  23. From committee with author's amendments. Read second time and amended. Re-referred to Com. on B. & F.I.

  24. Set for hearing April 18.

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

  26. From printer. May be acted upon on or after February 23.

  27. 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

Unfinished Business SB979 Vargas Concurrence

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
Runner — Yea
Lowenthal — Yea
Hancock — Yea
Harman — Yea
Hernandez — Yea
Huff — Yea
Kehoe — Yea
Lieu — Yea
Liu — Yea
Simitian — Yea
Steinberg — Yea
Walters — Yea
Wolk — Yea
Negrete McLeod — Yea
Rubio — Yea
De León — Not Voting
Cannella — Yea
Leno — Yea
Pavley — Yea
Corbett — Yea
Correa — Yea
DeSaulnier — Yea
Dutton — Yea
Wright — Yea
Alquist — Yea
Anderson — Yea
Blakeslee — Not Voting
Price — Yea
Vargas — Yea
Wyland — Yea
Emmerson — Not Voting
Evans — Yea
Fuller — 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 979 Vargas Senate Third Reading By DICKINSON

Passed 77 Yea · 0 Nay · 3 Other
Party YeaNayPresentNot Voting
Unaffiliated 74003
Democratic 1000
Republican 2000
Total 77003
% of votes cast 96%0%0%4%
How each member voted (80)
Member Party Vote
Gordon — Yea
Yamada — Yea
Feuer — Yea
Buchanan — Yea
Furutani — Yea
John A. Pérez — Yea
Mitchell — Yea
Hagman — Yea
Atkins — Yea
Halderman — Yea
Butler — Yea
Huber — Yea
Hueso — Yea
Campos — Yea
Portantino — Yea
Jeffries — Yea
Knight — Yea
Carter — Yea
Allen — Yea
Mendoza — Yea
Alejo — Yea
Bradford — Yea
Chesbro — Yea
Conway — Yea
Cook — Yea
Davis — Yea
Donnelly — Yea
Miller — Yea
Olsen — Yea
Pan — Yea
Silva — Yea
Skinner — Yea
Solorio — Yea
Swanson — Yea
Wieckowski — Yea
Williams — Yea
Bonilla — Yea
Fong — Yea
Fletcher — Yea
Galgiani — Yea
Gorell — Yea
Hall — Yea
Harkey — Yea
Lara — Yea
Monning — Yea
Morrell — Yea
Nestande — Yea
Nielsen — Not Voting
Norby — Yea
Torres — Yea
Valadao — Not Voting
Achadjian — Yea
Ammiano — Yea
Beall — Yea
Block — Yea
Blumenfield — Yea
Brownley — Yea
Hayashi — Yea
Hill — Yea
Huffman — Yea
Logue — Yea
Ma — Yea
Mansoor — Yea
Perea — Yea
Smyth — Yea
Wagner — Yea
Cedillo — Yea
Eng — Yea
Dickinson — Yea
Fuentes — Yea
Garrick — Yea
Gatto — Yea
Beth Gaines — Yea
Bill Berryhill — Yea
Bonnie Lowenthal — Yea
Roger Hernández — Not Voting
V. Manuel Pérez — Yea
Calderon, Lisa Democratic Yea
Grove, Shannon Republican Yea
Jones, Brian W. Republican Yea

Official roll call →

Do pass.

Passed 17 Yea · 0 Nay
Party YeaNayPresentNot Voting
Unaffiliated 16000
Democratic 1000
Total 17000
% of votes cast 100%0%0%0%
How each member voted (17)
Member Party Vote
Hall — Yea
Campos — Yea
Mitchell — Yea
Hill — Yea
Cedillo — Yea
Davis — Yea
Donnelly — Yea
Norby — Yea
Solorio — Yea
Blumenfield — Yea
Bradford — Yea
Harkey — Yea
Nielsen — Yea
Wagner — Yea
Fuentes — Yea
Gatto — Yea
Calderon, Lisa Democratic Yea

Official roll call →

Do pass as amended and be re-referred to the Committee on Appropriations.

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
Eng — Yea
Fletcher — Yea
Fuentes — Yea
Gatto — Yea
Harkey — Yea
Lara — Yea
Morrell — Yea
Torres — Yea
Achadjian — Yea
Perea — Not Voting
Roger Hernández — Yea
Calderon, Lisa Democratic Yea

Official roll call →

Special Consent #12

Passed 38 Yea · 0 Nay · 2 Other
Party YeaNayPresentNot Voting
Unaffiliated 36001
Democratic 2000
Republican 0001
Total 38002
% of votes cast 95%0%0%5%
How each member voted (40)
Member Party Vote
Yee — Yea
Evans — Yea
Fuller — Yea
Cannella — Yea
Hancock — Yea
Harman — Yea
Lowenthal — Yea
De León — Yea
Negrete McLeod — Yea
Huff — Yea
Rubio — Yea
Kehoe — Yea
Blakeslee — Yea
Corbett — Yea
Leno — Yea
Liu — Yea
Price — Yea
Simitian — Yea
Steinberg — Yea
Walters — Yea
Wolk — Yea
Wright — Yea
Runner — Not Voting
Dutton — Yea
Alquist — Yea
Anderson — Yea
Hernandez — Yea
Lieu — Yea
Pavley — Yea
Vargas — Yea
Wyland — Yea
Emmerson — Yea
Correa — Yea
DeSaulnier — Yea
Beth Gaines — Yea
Bill Berryhill — Yea
La Malfa — Yea
Calderon, Lisa Democratic Yea
Padilla, Stephen C. Democratic Yea
Strickland, Tony Republican Not Voting

Official roll call →

Do pass.

Passed 7 Yea · 0 Nay
Party YeaNayPresentNot Voting
Unaffiliated 7000
Total 7000
% of votes cast 100%0%0%0%
How each member voted (7)
Member Party Vote
Kehoe — Yea
Lieu — Yea
Dutton — Yea
Steinberg — Yea
Walters — Yea
Alquist — Yea
Price — Yea

Official roll call →

Placed on Appropriations Suspense file.

Passed 7 Yea · 0 Nay
Party YeaNayPresentNot Voting
Unaffiliated 7000
Total 7000
% of votes cast 100%0%0%0%
How each member voted (7)
Member Party Vote
Alquist — Yea
Dutton — Yea
Price — Yea
Steinberg — Yea
Walters — Yea
Kehoe — Yea
Lieu — 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 979 do?
Existing law establishes the Department of Financial Institutions in the Business, Transportation and Housing Agency and provides that the department is in charge of the execution of specified laws relating to various financial institutions and financial services. Existing law requires the Commissioner of Financial Institutions to give public notice of specified final orders affecting the license of a licensee or foreign credit union. This bill would require the commissioner to also post the notice of specified orders affecting a licensee or foreign credit union on the department's public Internet Web site. The bill would authorize the commissioner to delay posting the decision or order if he or she makes a finding that such a posting would affect the safety or soundness of the financial institution subject to the order or decision. This bill would also authorize the commissioner to redact certain portions of the orders posted pursuant to these provisions if he or she determines that the redaction is necessary to protect the identity of a customer of the affected institution. This bill would also make technical changes to the Money Transmission Act.
Who sponsors SB 979?
SB 979 is sponsored by Vargas.
What is the current status of SB 979?
This bill has been enacted into law. Introduced January 23, 2012. Enacted.
Where can I track SB 979?
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