California 2017-2018 Regular Session Status: To Executive 1 D cosponsors

AB 354 — Institutional investors: housing.

Last action — Vetoed by Governor.

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

This bill died with 2017-2018 Regular Session. It reached “To Executive” 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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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 establishes the Department of Business Oversight within the Business, Consumer Services, and Housing Agency. Existing law, the Economic Revitalization Act, establishes the Governor's Office of Business and Economic Development, also known as GO-Biz, under the control of a director. Existing law requires GO-Biz to serve the Governor as the lead entity for economic strategy and authorizes it to undertake specified activities, including marketing business and investment opportunities in California by working in partnership with local, regional, federal, and other state public and private institutions. This bill would require an institutional investor, as defined, to register by July 1, 2019, and annually thereafter, with the Department of Business Oversight by providing a statement containing certain information, including, among other things, the total number of single-family homes in the state that are owned by the institutional investor, including the number owned in each county, and the number occupied by renters throughout the state, and in each county. The bill would authorize the department to charge a reasonable fee to process the registration. The bill would require the department to submit a report to the Legislature by July 1, 2020, and annually thereafter, regarding the information collected from institutional investors during the prior calendar year pursuant to the provisions of this bill.

Bill Text

Action History

  1. Vetoed by Governor.

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

  3. Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 56. Noes 23. Page 6987.).

  4. In Assembly. Concurrence in Senate amendments pending.

  5. Read third time. Passed. Ordered to the Assembly. (Ayes 25. Noes 14. Page 5963.).

  6. Read second time. Ordered to third reading.

  7. Read second time and amended. Ordered returned to second reading.

  8. From committee: Amend, and do pass as amended. (Ayes 5. Noes 2.) (August 16).

  9. In committee: Referred to APPR. suspense file.

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

  11. From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 4. Noes 2.) (June 20).

  12. Re-referred to Com. on B. & F.I.

  13. Re-referred to Com. on RLS.

  14. Withdrawn from committee.

  15. In committee: Set, second hearing. Failed passage. Reconsideration granted.

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

  17. In committee: Set, first hearing. Hearing canceled at the request of author.

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

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

  20. Read third time. Passed. Ordered to the Senate. (Ayes 52. Noes 23. Page 1905.)

  21. Read second time. Ordered to third reading.

  22. From committee: Do pass. (Ayes 12. Noes 5.) (May 26).

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

  24. Re-referred to Com. on APPR.

  25. Read second time and amended.

  26. From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 5. Noes 2.) (April 26).

  27. Re-referred to Com. on H. & C.D.

  28. From committee chair, with author's amendments: Amend, and re-refer to Com. on H. & C.D. Read second time and amended.

  29. From committee: Do pass and re-refer to Com. on H. & C.D. (Ayes 8. Noes 3.) (April 17). Re-referred to Com. on H. & C.D.

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

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

  32. Referred to Coms. on B. & F. and H. & C.D.

  33. From printer. May be heard in committee March 11.

  34. Read first time. To print.

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 121 not signed on · 13 voted No

Sponsors (1)

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

AB 354 CALDERON Concurrence in Senate Amendments

Passed 56 Yea · 23 Nay · 1 Other
Party YeaNayPresentNot Voting
Unaffiliated 401800
Democratic 16000
Republican 0501
Total 562301
% of votes cast 70%29%0%1%
How each member voted (80)
Member Party Vote
Acosta — Nay
Bigelow — Nay
Bloom — Yea
Brough — Nay
Holden — Yea
Jones-Sawyer — Yea
Kiley — Nay
Maienschein — Nay
Mathis — Nay
Nazarian — Yea
Quirk — Yea
Thurmond — Yea
Waldron — Nay
Cooley — Yea
Eggman — Yea
Cunningham — Nay
Daly — Yea
Friedman — Yea
Frazier — Yea
Gloria — Yea
Rivas — Yea
Rubio — Yea
Harper — Nay
Salas — Yea
Gray — Yea
Burke — Yea
Gonzalez Fletcher — Yea
Kamlager-Dove — Yea
Levine — Yea
Low — Yea
Mayes — Nay
Fong — Nay
Baker — Nay
Chau — Yea
Chiu — Yea
Chu — Yea
Chávez — Yea
Cooper — Yea
McCarty — Yea
Medina — Yea
Melendez — Nay
Mullin — Yea
O'Donnell — Yea
Obernolte — Nay
Rendon — Yea
Rodriguez — Yea
Santiago — Yea
Ting — Yea
Voepel — Nay
Weber — Yea
Wood — Yea
Steinorth — Nay
Cristina Garcia — Yea
Eduardo Garcia — Yea
Jim Patterson — Nay
Mark Stone — Yea
Travis Allen — Nay
Wendy Carrillo — Yea
Aguiar-Curry, Cecilia M. Democratic Yea
Arambula, Joaquin Democratic Yea
Berman, Marc Democratic Yea
Bonta, Mia Democratic Yea
Caballero, Anna M. Democratic Yea
Calderon, Lisa Democratic Yea
Cervantes, Sabrina Democratic Yea
Gabriel, Jesse Democratic Yea
Gipson, Mike A. Democratic Yea
Grayson, Timothy S. Democratic Yea
Irwin, Jacqui Democratic Yea
Kalra, Ash Democratic Yea
Limón, Monique Democratic Yea
Muratsuchi, Al Democratic Yea
Quirk-Silva, Sharon Democratic Yea
Reyes, Eloise Gómez Democratic Yea
Chen, Phillip Republican Nay
Choi, Steven S. Republican Nay
Dahle, Megan Republican Nay
Flora, Heath Republican Not Voting
Gallagher, James Republican Nay
Lackey, Tom Republican Nay

Official roll call →

3rd Reading AB354 Calderon By Galgiani

Passed 25 Yea · 14 Nay · 1 Other
Party YeaNayPresentNot Voting
Unaffiliated 211301
Democratic 4100
Total 251401
% of votes cast 63%35%0%3%
How each member voted (40)
Member Party Vote
Anderson — Nay
Bradford — Yea
Hernandez — Yea
Hueso — Yea
Leyva — Yea
Monning — Yea
Skinner — Yea
Vidak — Nay
Wieckowski — Yea
Delgado — Yea
Galgiani — Yea
Glazer — Nay
Hertzberg — Yea
Hill — Yea
Allen — Yea
De León — Yea
Lara — Yea
Portantino — Yea
Atkins — Yea
Mitchell — Yea
Beall — Yea
Dodd — Yea
Pan — Yea
Roth — Yea
Wilk — Nay
Fuller — Nay
Cannella — Nay
Bates — Nay
Chang — Nay
Moorlach — Nay
Morrell — Nay
Nielsen — Nay
Beth Gaines — Nay
Bill Berryhill — Not Voting
Mark Stone — Nay
Jackson, Corey A. Democratic Yea
McGuire, Mike Democratic Yea
Nguyen, Stephanie Democratic Nay
Stern, Henry I. Democratic Yea
Wiener, Scott D. Democratic Yea

Official roll call →

Do pass as amended

Passed 5 Yea · 2 Nay
Party YeaNayPresentNot Voting
Unaffiliated 4200
Democratic 1000
Total 5200
% of votes cast 71%29%0%0%
How each member voted (7)
Member Party Vote
Bates — Nay
Bradford — Yea
Hill — Yea
Portantino — Yea
Beall — Yea
Nielsen — Nay
Wiener, Scott D. Democratic Yea

Official roll call →

Placed on suspense file

Passed 7 Yea · 0 Nay
Party YeaNayPresentNot Voting
Unaffiliated 6000
Democratic 1000
Total 7000
% of votes cast 100%0%0%0%
How each member voted (7)
Member Party Vote
Bates — Yea
Bradford — Yea
Hill — Yea
Nielsen — Yea
Portantino — Yea
Beall — Yea
Wiener, Scott D. Democratic Yea

Official roll call →

Do pass as amended, but first amend, and re-refer to the Committee on [Appropriations]

Failed 5 Yea · 3 Nay · 5 Other
Party YeaNayPresentNot Voting
Unaffiliated 5305
Total 5305
% of votes cast 38%23%0%38%
How each member voted (13)
Member Party Vote
Mendoza — Yea
Roth — Not Voting
Galgiani — Yea
Glazer — Nay
Hernandez — Yea
Lara — Yea
Mitchell — Yea
Morrell — Nay
Portantino — Not Voting
Hueso — Not Voting
Newman — Not Voting
Beth Gaines — Nay
Bill Berryhill — Not Voting

Official roll call →

[Second] hearing set for [07-12-2017]: Failed passage in Committee. Reconsideration granted

Passed 10 Yea · 0 Nay · 3 Other
Party YeaNayPresentNot Voting
Unaffiliated 10003
Total 10003
% of votes cast 77%0%0%23%
How each member voted (13)
Member Party Vote
Lara — Yea
Galgiani — Yea
Glazer — Yea
Mitchell — Yea
Portantino — Not Voting
Hernandez — Yea
Hueso — Not Voting
Mendoza — Yea
Morrell — Yea
Newman — Yea
Roth — Yea
Beth Gaines — Yea
Bill Berryhill — Not Voting

Official roll call →

AB 354 CALDERON Assembly Third Reading

Passed 52 Yea · 23 Nay · 5 Other
Party YeaNayPresentNot Voting
Unaffiliated 371604
Democratic 15100
Republican 0601
Total 522305
% of votes cast 65%29%0%6%
How each member voted (80)
Member Party Vote
Acosta — Nay
Baker — Nay
Bigelow — Nay
Bloom — Yea
Brough — Nay
Harper — Nay
Jones-Sawyer — Yea
Maienschein — Nay
Mathis — Nay
Medina — Not Voting
Obernolte — Nay
Quirk — Not Voting
Rendon — Yea
Rodriguez — Yea
Thurmond — Yea
Waldron — Nay
Eggman — Not Voting
Cunningham — Nay
Dababneh — Yea
Daly — Yea
Frazier — Yea
Gloria — Yea
Friedman — Yea
Rubio — Yea
Gomez — Yea
Salas — Yea
Bocanegra — Yea
Gray — Yea
Burke — Yea
Gonzalez Fletcher — Yea
Holden — Yea
Kiley — Nay
Levine — Yea
Low — Yea
Chau — Yea
Mayes — Nay
McCarty — Yea
Chiu — Yea
Chu — Yea
Chávez — Nay
Cooley — Yea
Cooper — Yea
Mullin — Yea
Nazarian — Yea
O'Donnell — Yea
Ridley-Thomas — Yea
Santiago — Yea
Steinorth — Nay
Ting — Yea
Voepel — Nay
Weber — Yea
Wood — Yea
Melendez — Not Voting
Cristina Garcia — Yea
Eduardo Garcia — Yea
Mark Stone — Yea
Travis Allen — Nay
Aguiar-Curry, Cecilia M. Democratic Yea
Arambula, Joaquin Democratic Yea
Berman, Marc Democratic Yea
Bonta, Mia Democratic Yea
Caballero, Anna M. Democratic Yea
Calderon, Lisa Democratic Yea
Cervantes, Sabrina Democratic Yea
Fong, Mike Democratic Nay
Gipson, Mike A. Democratic Yea
Grayson, Timothy S. Democratic Yea
Irwin, Jacqui Democratic Yea
Kalra, Ash Democratic Yea
Limón, Monique Democratic Yea
Muratsuchi, Al Democratic Yea
Quirk-Silva, Sharon Democratic Yea
Reyes, Eloise Gómez Democratic Yea
Chen, Phillip Republican Nay
Choi, Steven S. Republican Not Voting
Dahle, Megan Republican Nay
Flora, Heath Republican Nay
Gallagher, James Republican Nay
Lackey, Tom Republican Nay
Patterson, Joe Republican Nay

Official roll call →

Do pass.

Passed 12 Yea · 5 Nay
Party YeaNayPresentNot Voting
Unaffiliated 8300
Democratic 4100
Republican 0100
Total 12500
% of votes cast 71%29%0%0%
How each member voted (17)
Member Party Vote
Bigelow — Nay
Bloom — Yea
Brough — Nay
Obernolte — Nay
Quirk — Yea
Friedman — Yea
McCarty — Yea
Gray — Yea
Gonzalez Fletcher — Yea
Bocanegra — Yea
Eduardo Garcia — Yea
Bonta, Mia Democratic Yea
Calderon, Lisa Democratic Yea
Fong, Mike Democratic Nay
Muratsuchi, Al Democratic Yea
Reyes, Eloise Gómez Democratic Yea
Gallagher, James Republican Nay

Official roll call →

Do pass and be re-referred to the Committee on [Housing and Community Development]

Passed 8 Yea · 3 Nay
Party YeaNayPresentNot Voting
Democratic 3000
Unaffiliated 5200
Republican 0100
Total 8300
% of votes cast 73%27%0%0%
How each member voted (11)
Member Party Vote
Ridley-Thomas — Yea
Weber — Yea
Dababneh — Yea
Burke — Yea
Melendez — Nay
Steinorth — Nay
Mark Stone — Yea
Cervantes, Sabrina Democratic Yea
Grayson, Timothy S. Democratic Yea
Limón, Monique Democratic Yea
Chen, Phillip Republican Nay

Official roll call →

Subjects

housing
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Frequently asked questions

What does AB 354 do?
Existing law establishes the Department of Business Oversight within the Business, Consumer Services, and Housing Agency. Existing law, the Economic Revitalization Act, establishes the Governor's Office of Business and Economic Development, also known as GO-Biz, under the control of a director. Existing law requires GO-Biz to serve the Governor as the lead entity for economic strategy and authorizes it to undertake specified activities, including marketing business and investment opportunities in California by working in partnership with local, regional, federal, and other state public and private institutions. This bill would require an institutional investor, as defined, to register by July 1, 2019, and annually thereafter, with the Department of Business Oversight by providing a statement containing certain information, including, among other things, the total number of single-family homes in the state that are owned by the institutional investor, including the number owned in each county, and the number occupied by renters throughout the state, and in each county. The bill would authorize the department to charge a reasonable fee to process the registration. The bill would require the department to submit a report to the Legislature by July 1, 2020, and annually thereafter, regarding the information collected from institutional investors during the prior calendar year pursuant to the provisions of this bill.
Who sponsors AB 354?
AB 354 is sponsored by Calderon, Lisa (Democratic).
What is the current status of AB 354?
This bill died with 2017-2018 Regular Session. It reached “To Executive” 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 354?
Track AB 354 free on One Click Politics — get push/email alerts when it moves.

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