California 2013-2014 Regular Session Status: Enacted 1 D cosponsors

AB 1282 — Financial institutions: credit unions.

Last action — Chaptered by Secretary of State - Chapter 115, Statutes of 2013.

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  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 22, 2013. Enacted.

Prognosis

Likely to advance 74% · 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.

  • 2 sponsors

    1 primary, 1 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (1 D).

  • Cleared a recorded vote

    Passed 6 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 Credit Union Law, provides for the regulation of credit unions. Existing law prohibits membership shares, certificates for funds, or other securities from being issued by any credit union until it has applied for and obtained a certificate authorizing it to act as a credit union. Existing law authorizes the Commissioner of Financial Institutions until July 1, 2013, and thereafter the Deputy Commissioner of Business Oversight for the Division of Financial Institutions pursuant to Governor's Reorganization Plan No. 2 of 2012, to annually levy on and collect from credit unions holding certificates authorizing them to act as credit unions an assessment in an amount sufficient to meet the expenses for administering this law and other laws relating to credit unions or the credit union business and in order to provide a reasonable reserve for contingencies. Under existing law, the amount of the annual assessment is required to be the greater of $1,500 or the sum of the products determined by multiplying increments of the credit union's total assets by percentages of the base assessment rate according to a table with increments of total assets up to an excess over $10,000,000. This bill would require the amount of the annual assessment to be the greater of $2,000 or the sum of the products determined by multiplying increments of the credit union's total assets by percentages of the base assessment rate according to a newly established table with increments of total assets up to an excess of over $10,000,000,000.

Bill Text

Action History

  1. Chaptered by Secretary of State - Chapter 115, Statutes of 2013.

  2. Approved by the Governor.

  3. Enrolled and presented to the Governor at 2:40 p.m.

  4. In Assembly. Ordered to Engrossing and Enrolling.

  5. Read third time. Passed. Ordered to the Assembly. (Ayes 33. Noes 0. Page 1693.).

  6. Read second time. Ordered to third reading.

  7. From committee: Do pass. (Ayes 7. Noes 0.) (June 24).

  8. From committee: Do pass and re-refer to Com. on APPR. (Ayes 8. Noes 0.) (June 5). Re-referred to Com. on APPR.

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

  10. In Senate. Read first time. To Com. on RLS. for assignment.

  11. Read third time. Passed. Ordered to the Senate. (Ayes 75. Noes 0. Page 1344.)

  12. Read second time. Ordered to consent calendar.

  13. From committee: Do pass. To consent calendar. (Ayes 17. Noes 0.) (May 1).

  14. From committee: Do pass and re-refer to Com. on APPR. (Ayes 11. Noes 0.) (April 22). Re-referred to Com. on APPR.

  15. Re-referred to Com. on B. & F.

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

  17. Re-referred to Com. on B. & F.

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

  19. Re-referred to Com. on B. & F.

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

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

  22. Read first time.

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

  24. Introduced. To print.

Sponsors

  • Bocanegra · Cosponsor
  • Mia Bonta · Primary

Sponsorship breakdown

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1 sponsors · 1 co-sponsors · 120 not signed on

Sponsors (1)

Co-sponsors (1)

  • Bocanegra

Not signed on (120)

120 members have not signed on to this bill.

Show all 120 →

"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

3rd Reading AB1282 Bonta By Correa

Passed 33 Yea · 0 Nay · 5 Other
Party YeaNayPresentNot Voting
Unaffiliated 31004
Democratic 2001
Total 33005
% of votes cast 87%0%0%13%
How each member voted (38)
Member Party Vote
Anderson — Yea
Hueso — Yea
Huff — Yea
Lara — Not Voting
Liu — Yea
Nielsen — Yea
Steinberg — Yea
Cannella — Yea
Wyland — Yea
Emmerson — Yea
Correa — Yea
Evans — Yea
Beall — Yea
Leno — Yea
Wright — Yea
Block — Yea
De León — Not Voting
Corbett — Yea
Fuller — Yea
Hernandez — Not Voting
Hill — Yea
Knight — Yea
Lieu — Yea
Monning — Yea
Pavley — Yea
Roth — Yea
Torres — Yea
Walters — Yea
Wolk — Yea
DeSaulnier — Yea
Galgiani — Yea
Yee — Not Voting
Hancock — Yea
Beth Gaines — Yea
Bill Berryhill — Yea
Calderon, Lisa Democratic Not Voting
Jackson, Corey A. Democratic Yea
Padilla, Stephen C. Democratic Yea

Official roll call →

Do pass.

Passed 7 Yea · 0 Nay
Party YeaNayPresentNot Voting
Democratic 1000
Unaffiliated 6000
Total 7000
% of votes cast 100%0%0%0%
How each member voted (7)
Member Party Vote
Steinberg — Yea
Walters — Yea
De León — Yea
Hill — Yea
Lara — Yea
Beth Gaines — Yea
Padilla, Stephen C. Democratic Yea

Official roll call →

AB 1282 BONTA Consent Calendar Second Day

Passed 75 Yea · 0 Nay · 4 Other
Party YeaNayPresentNot Voting
Unaffiliated 64004
Democratic 7000
Republican 4000
Total 75004
% of votes cast 95%0%0%5%
How each member voted (79)
Member Party Vote
Achadjian — Yea
Ammiano — Yea
Bloom — Yea
Blumenfield — Yea
Bradford — Yea
Brown — Yea
Buchanan — Yea
Holden — Not Voting
Jones-Sawyer — Yea
Linder — Yea
Maienschein — Yea
Mansoor — Yea
Nestande — Yea
Ting — Yea
Weber — Yea
Williams — Yea
Stone — Yea
Lowenthal — Yea
Frazier — Yea
Gray — Yea
Atkins — Yea
Gomez — Yea
Mitchell — Yea
Campos — Yea
Chau — Yea
Bonilla — Yea
Gordon — Yea
Hall — Yea
Harkey — Yea
Levine — Yea
Logue — Not Voting
Bocanegra — Yea
Medina — Yea
John A. Pérez — Yea
Melendez — Yea
Salas — Yea
Morrell — Yea
Mullin — Yea
Chesbro — Yea
Alejo — Yea
Bigelow — Yea
Chávez — Yea
Conway — Yea
Cooley — Yea
Dickinson — Yea
Eggman — Yea
Nazarian — Yea
Olsen — Yea
Pan — Yea
Perea — Yea
Quirk — Yea
Rendon — Yea
Skinner — Yea
Torres — Yea
Wagner — Yea
Wieckowski — Yea
Wilk — Yea
Donnelly — Not Voting
Waldron — Not Voting
Daly — Yea
Fox — Yea
Gatto — Yea
Yamada — Yea
Gorell — Yea
Hagman — Yea
Beth Gaines — Yea
Roger Hernández — Yea
V. Manuel Pérez — Yea
Allen, Benjamin Democratic Yea
Bonta, Mia Democratic Yea
Calderon, Lisa Democratic Yea
Fong, Mike Democratic Yea
Garcia, Robert Democratic Yea
Muratsuchi, Al Democratic Yea
Quirk-Silva, Sharon Democratic Yea
Dahle, Megan Republican Yea
Grove, Shannon Republican Yea
Jones, Brian W. Republican Yea
Patterson, Joe Republican Yea

Official roll call →

Do pass, to Consent Calendar.

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
Bigelow — Yea
Bradford — Yea
Pan — Yea
Wagner — Yea
Weber — Yea
Bocanegra — Yea
Gomez — Yea
Hall — Yea
Harkey — Yea
Holden — Yea
Linder — Yea
Quirk — Yea
Donnelly — Yea
Eggman — Yea
Campos — Yea
Gatto — Yea
Calderon, Lisa Democratic Yea

Official roll call →

Do pass 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
Achadjian — Yea
Blumenfield — Yea
Linder — Yea
Mansoor — Not Voting
Perea — Yea
Torres — Yea
Weber — Yea
Chau — Yea
Morrell — Yea
Dickinson — Yea
Gatto — Yea
Bonta, Mia 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 1282 do?
Existing law, the California Credit Union Law, provides for the regulation of credit unions. Existing law prohibits membership shares, certificates for funds, or other securities from being issued by any credit union until it has applied for and obtained a certificate authorizing it to act as a credit union. Existing law authorizes the Commissioner of Financial Institutions until July 1, 2013, and thereafter the Deputy Commissioner of Business Oversight for the Division of Financial Institutions pursuant to Governor's Reorganization Plan No. 2 of 2012, to annually levy on and collect from credit unions holding certificates authorizing them to act as credit unions an assessment in an amount sufficient to meet the expenses for administering this law and other laws relating to credit unions or the credit union business and in order to provide a reasonable reserve for contingencies. Under existing law, the amount of the annual assessment is required to be the greater of $1,500 or the sum of the products determined by multiplying increments of the credit union's total assets by percentages of the base assessment rate according to a table with increments of total assets up to an excess over $10,000,000. This bill would require the amount of the annual assessment to be the greater of $2,000 or the sum of the products determined by multiplying increments of the credit union's total assets by percentages of the base assessment rate according to a newly established table with increments of total assets up to an excess of over $10,000,000,000.
Who sponsors AB 1282?
AB 1282 is sponsored by Bocanegra and Bonta, Mia (Democratic).
What is the current status of AB 1282?
This bill has been enacted into law. Introduced February 22, 2013. Enacted.
Where can I track AB 1282?
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Last checked for changes 3 months ago · updated continuously

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