California 2011-2012 Regular Session Status: Enacted

SB 708 — Funds transfers.

Last action — Chaptered by Secretary of State. Chapter 392, Statutes of 2012.

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  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 February 18, 2011. 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 12 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 provisions of the Commercial Code governing certain funds transfers, cited as the Uniform Commercial Code—Funds Transfers, provide, among other provisions, that a funds transfer is completed by acceptance by the beneficiary's bank of a payment order for the benefit of the beneficiary of the originator's payment order. Existing law excludes from the provisions of the Uniform Commercial Code—Funds Transfers those funds transfers governed by the federal Electronic Fund Transfer Act of 1978. This bill would make the provisions of the Uniform Commercial Code—Funds Transfers applicable to a remittance transfer, as defined, but would continue to exempt a remittance transfer that is an electronic fund transfer, as defined under the federal act.

Bill Text

Action History

  1. Chaptered by Secretary of State. Chapter 392, Statutes of 2012.

  2. Approved by the Governor.

  3. Enrolled and presented to the Governor at 7:30 p.m.

  4. Assembly amendments concurred in. (Ayes 37. Noes 0. Page 4846.) Ordered to engrossing and enrolling.

  5. From committee: That the Assembly amendments be concurred in. (Ayes 6. Noes 0. Page 4791.)

  6. Set for hearing August 23.

  7. From committee: Be re-referred to Com. on B. & F.I. pursuant to Senate Rule 29.10. (Ayes 5. Noes 0. Page 4687.) Re-referred to Com. on B. & F.I.

  8. Re-referred to Com. on RLS. pursuant to Senate Rule 29.10.

  9. In Senate. Concurrence in Assembly amendments pending.

  10. Read third time. Passed. (Ayes 78. Noes 0. Page 6012.) Ordered to the Senate.

  11. Ordered to third reading.

  12. Read third time and amended. (Page 5942.)

  13. Read second time. Ordered to third reading.

  14. From committee: Do pass. (Ayes 11. Noes 0.) (July 2).

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

  16. Hearing postponed by committee.

  17. Referred to Coms. on B. & F. and JUD.

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

  19. Read third time. Passed. (Ayes 32. Noes 1. Page 2698.) Ordered to the Assembly.

  20. Read second time. Ordered to third reading.

  21. From committee: Do pass. (Ayes 6. Noes 0. Page 2669.) (January 17).

  22. Set for hearing January 17.

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

  24. From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 5. Noes 0. Page 2623.) (January 10).

  25. From committee: Do pass and re-refer to Com. on JUD. (Ayes 6. Noes 0. Page 2600.) (January 9). Re-referred to Com. on JUD.

  26. Set for hearing January 10 in JUD. pending receipt.

  27. Set for hearing January 9.

  28. Re-referred to Coms. on B. & F.I. and JUD.

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

  30. Re-referred to Com. on RLS.

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

  32. From committee: Do pass as amended. (Ayes 6. Noes 3. Page 1121.) (May 26).

  33. Set for hearing May 26.

  34. Placed on APPR. suspense file.

  35. Set for hearing May 23.

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

  37. From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 3. Noes 2. Page 861.) (May 3).

  38. Set for hearing May 3.

  39. From committee: Do pass and re-refer to Com. on JUD. (Ayes 4. Noes 2. Page 785.) (April 27). Re-referred to Com. on JUD.

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

  41. Set for hearing April 27.

  42. Referred to Coms. on B. & F.I. and JUD.

  43. From printer. May be acted upon on or after March 22.

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

Sponsors

  • Corbett · Primary

Sponsorship breakdown

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

Sponsors (1)

  • Corbett

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 SB708 Corbett 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
Hancock — Yea
Fuller — Yea
Lowenthal — Yea
De León — Yea
Hernandez — Yea
Negrete McLeod — Yea
Huff — Yea
Blakeslee — Yea
Lieu — Yea
Liu — Yea
Price — Yea
Steinberg — Yea
Walters — Yea
Wolk — Yea
Rubio — Yea
Runner — Not Voting
Corbett — Yea
Leno — Yea
Dutton — Yea
Pavley — Not Voting
Alquist — Yea
Anderson — Yea
Harman — Yea
Kehoe — Yea
Simitian — Yea
Vargas — Yea
Wright — Yea
Cannella — Yea
Wyland — Not Voting
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 708 Corbett Senate Third Reading By GATTO

Passed 78 Yea · 0 Nay · 2 Other
Party YeaNayPresentNot Voting
Unaffiliated 75002
Democratic 1000
Republican 2000
Total 78002
% of votes cast 98%0%0%3%
How each member voted (80)
Member Party Vote
Gordon — Yea
Hall — Yea
Garrick — Yea
Butler — Yea
Hagman — Yea
Hill — Yea
Huber — Yea
Hueso — Yea
John A. Pérez — Yea
Mitchell — Yea
Knight — Yea
Carter — Yea
Chesbro — Yea
Miller — Yea
Pan — Yea
Perea — Yea
Atkins — Yea
Fuentes — Yea
Furutani — Not Voting
Galgiani — Yea
Campos — Yea
Portantino — Yea
Gatto — Yea
Yamada — Yea
Gorell — Yea
Allen — Yea
Halderman — Yea
Bonilla — Yea
Harkey — Yea
Fong — Yea
Fletcher — Yea
Cedillo — Yea
Hayashi — Yea
Huffman — Yea
Logue — Yea
Mendoza — Yea
Ammiano — Yea
Beall — Yea
Conway — Yea
Cook — Yea
Davis — Yea
Donnelly — Yea
Monning — Yea
Morrell — Yea
Nestande — Yea
Nielsen — Yea
Olsen — Yea
Silva — Yea
Smyth — Yea
Solorio — Yea
Torres — Yea
Valadao — Yea
Achadjian — Yea
Alejo — Yea
Block — Yea
Blumenfield — Yea
Bradford — Yea
Brownley — Yea
Buchanan — Yea
Jeffries — Yea
Lara — Yea
Ma — Yea
Mansoor — Yea
Norby — Yea
Skinner — Yea
Swanson — Yea
Wagner — Yea
Wieckowski — Yea
Williams — Yea
Eng — Yea
Feuer — Yea
Dickinson — 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 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
Lara — Yea
Morrell — Yea
Achadjian — Yea
Harkey — Yea
Perea — Not Voting
Torres — Yea
Eng — Yea
Fuentes — Yea
Gatto — Yea
Roger Hernández — Yea
Calderon, Lisa Democratic Yea

Official roll call →

3rd Reading

Passed 32 Yea · 1 Nay · 7 Other
Party YeaNayPresentNot Voting
Unaffiliated 29107
Republican 1000
Democratic 2000
Total 32107
% of votes cast 80%3%0%18%
How each member voted (40)
Member Party Vote
Yee — Yea
Evans — Not Voting
Fuller — Yea
Lowenthal — Yea
De León — Yea
Negrete McLeod — Yea
Hancock — Yea
Rubio — Yea
Harman — Yea
Hernandez — Yea
Corbett — Yea
Runner — Not Voting
Kehoe — Yea
Leno — Yea
Anderson — Nay
Dutton — Yea
Lieu — Yea
Liu — Yea
Pavley — Yea
Price — Yea
Simitian — Not Voting
Vargas — Yea
Wolk — Yea
Alquist — Yea
Blakeslee — Yea
Huff — Yea
Steinberg — Yea
Walters — Not Voting
Wright — Yea
Cannella — Not Voting
Wyland — Not Voting
Emmerson — Yea
Correa — Yea
DeSaulnier — Yea
Beth Gaines — Yea
Bill Berryhill — Yea
La Malfa — Not Voting
Calderon, Lisa Democratic Yea
Padilla, Stephen C. Democratic Yea
Strickland, Tony Republican Yea

Official roll call →

Do pass.

Passed 6 Yea · 0 Nay · 3 Other
Party YeaNayPresentNot Voting
Unaffiliated 6003
Total 6003
% of votes cast 67%0%0%33%
How each member voted (9)
Member Party Vote
Runner — Not Voting
Lieu — Yea
Pavley — Yea
Price — Not Voting
Steinberg — Yea
Walters — Not Voting
Alquist — Yea
Kehoe — Yea
Emmerson — Yea

Official roll call →

Do pass as amended.

Passed 6 Yea · 3 Nay
Party YeaNayPresentNot Voting
Unaffiliated 6300
Total 6300
% of votes cast 67%33%0%0%
How each member voted (9)
Member Party Vote
Runner — Nay
Kehoe — Yea
Steinberg — Yea
Alquist — Yea
Lieu — Yea
Pavley — Yea
Price — Yea
Walters — Nay
Emmerson — Nay

Official roll call →

Placed on Appropriations Suspense file.

Passed 9 Yea · 0 Nay
Party YeaNayPresentNot Voting
Unaffiliated 9000
Total 9000
% of votes cast 100%0%0%0%
How each member voted (9)
Member Party Vote
Runner — Yea
Pavley — Yea
Price — Yea
Steinberg — Yea
Walters — Yea
Alquist — Yea
Kehoe — Yea
Lieu — Yea
Emmerson — Yea

Official roll call →

Subjects

finance technology
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Frequently asked questions

What does SB 708 do?
Existing provisions of the Commercial Code governing certain funds transfers, cited as the Uniform Commercial Code—Funds Transfers, provide, among other provisions, that a funds transfer is completed by acceptance by the beneficiary's bank of a payment order for the benefit of the beneficiary of the originator's payment order. Existing law excludes from the provisions of the Uniform Commercial Code—Funds Transfers those funds transfers governed by the federal Electronic Fund Transfer Act of 1978. This bill would make the provisions of the Uniform Commercial Code—Funds Transfers applicable to a remittance transfer, as defined, but would continue to exempt a remittance transfer that is an electronic fund transfer, as defined under the federal act.
Who sponsors SB 708?
SB 708 is sponsored by Corbett.
What is the current status of SB 708?
This bill has been enacted into law. Introduced February 18, 2011. Enacted.
Where can I track SB 708?
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Last checked for changes 3 months ago · updated continuously

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