Insurance: California Organized Investment Network.
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AB 1099 — Insurance: California Organized Investment Network.
Last action — Chaptered by Secretary of State - Chapter 186, Statutes of 2019.
No card. One bill, free forever — alerts when it moves.
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✓Introduced
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✓In Committee
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✓Passed Assembly
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✓Passed Senate
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✓To Executive
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6Enacted
This bill has been enacted into law. Introduced February 21, 2019. Enacted.
Prognosis
Where this bill stands today.
Odds of enactment
HighHow often bills like it became law.
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Enacted
Current position in the legislative process.
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1 sponsor
1 primary, 0 co-sponsors signed on.
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Single-party support
Sponsorship is currently within one party (1 D).
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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
Until January 1, 2020, existing law requires an admitted insurer with annual premiums written in California equal to or in excess of $100,000,000 to provide information to the Insurance Commissioner by July 1, 2016, on all of its community development investments, including investments through California Organized Investment Network (COIN) -certified community development financial institutions, community development infrastructure investments, and green investments, in California for the 2013, 2014, and 2015 calendar years. Existing law requires the commissioner, by December 31, 2016, to provide specified information on the Department of Insurance's internet website. This bill would extend the operation of those provisions until January 1, 2024, and would require an admitted insurer with annual premiums written in California equal to or in excess of $100,000,000 to provide investment information for the 2016, 2017, 2018, 2019, and 2020 calendar years to the commissioner by July 1, 2021. The bill would require the commissioner to provide specified information on the department's internet website by December 31, 2021, for the 2016, 2017, 2018, 2019, and 2020 calendar years. Existing law, until January 1, 2020, authorizes the commissioner to establish and appoint a 12-member California Organized Investment Network Advisory Board to advise COIN on the best methods to increase the level of insurance industry investments, while providing fair returns to investors and social benefits to underserved communities. This bill would extend the operation of that provision until January 1, 2029, expand the board's duties to include advising COIN regarding social and economic benefits to underserved and low-to-moderate-income communities, as well as environmental benefits, add a representative with experience seeking investments that provide environmental benefits to the board, and require the board to elect a vice chair.
Bill Text
- Chaptered 08/30/19 - Chaptered Current pdf August 30, 2019
- Enrolled 08/23/19 - Enrolled pdf August 23, 2019
- Amended 06/25/19 - Amended Senate pdf June 25, 2019
- Introduced 02/21/19 - Introduced pdf February 21, 2019
- AB1099 View text html
Action History
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Chaptered by Secretary of State - Chapter 186, Statutes of 2019.
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Approved by the Governor.
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Enrolled and presented to the Governor at 3:30 p.m.
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Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 75. Noes 0. Page 2799.).
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In Assembly. Concurrence in Senate amendments pending. May be considered on or after August 21 pursuant to Assembly Rule 77.
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Read third time. Passed. Ordered to the Assembly. (Ayes 40. Noes 0. Page 2203.).
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Read second time. Ordered to third reading.
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From committee: Be ordered to second reading pursuant to Senate Rule 28.8.
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Re-referred to Com. on APPR.
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Withdrawn from committee.
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From committee: Do pass and re-refer to Com. on JUD. (Ayes 11. Noes 0.) (July 10). Re-referred to Com. on JUD.
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From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on INS.
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In committee: Hearing postponed by committee.
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In committee: Hearing postponed by committee.
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Referred to Coms. on INS. and JUD.
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In Senate. Read first time. To Com. on RLS. for assignment.
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Read third time. Passed. Ordered to the Senate. (Ayes 76. Noes 0. Page 1362.)
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Read second time. Ordered to Consent Calendar.
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From committee: Do pass. To Consent Calendar. (Ayes 17. Noes 0.) (April 10).
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From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 14. Noes 0.) (April 3). Re-referred to Com. on APPR.
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Referred to Com. on INS.
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From printer. May be heard in committee March 24.
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Read first time. To print.
Sponsors
- Lisa Calderon · Primary
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 0 co-sponsors · 121 not signed on
Sponsors (1)
- Calderon, Lisa Democratic
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.
Votes
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 48 | 0 | 0 | 4 |
| Democratic | 22 | 0 | 0 | 0 |
| Republican | 5 | 0 | 0 | 0 |
| Total | 75 | 0 | 0 | 4 |
| % of votes cast | 95% | 0% | 0% | 5% |
How each member voted (79)
| Member | Party | Vote |
|---|---|---|
| Fong | — | Yea |
| Brough | — | Yea |
| Kiley | — | Yea |
| Mayes | — | Yea |
| Salas | — | Yea |
| Mathis | — | Yea |
| Bigelow | — | Yea |
| Cooley | — | Yea |
| Smith | — | Yea |
| Cunningham | — | Yea |
| Gonzalez | — | Yea |
| Diep | — | Yea |
| Chau | — | Yea |
| Gloria | — | Yea |
| Bloom | — | Yea |
| Rodriguez | — | Yea |
| Santiago | — | Yea |
| Voepel | — | Yea |
| Chiu | — | Yea |
| Holden | — | Yea |
| Daly | — | Yea |
| Eggman | — | Yea |
| Maienschein | — | Yea |
| Jones-Sawyer | — | Yea |
| Quirk | — | Yea |
| Mullin | — | Yea |
| Friedman | — | Yea |
| Ting | — | Yea |
| Kamlager-Dove | — | Yea |
| Levine | — | Yea |
| Melendez | — | Yea |
| McCarty | — | Yea |
| Nazarian | — | Yea |
| Burke | — | Yea |
| Cooper | — | Yea |
| Wood | — | Yea |
| Medina | — | Yea |
| Rendon | — | Yea |
| Chu | — | Yea |
| O'Donnell | — | Yea |
| Weber | — | Yea |
| Waldron | — | Yea |
| Low | — | Not Voting |
| Gray | — | Not Voting |
| Frazier | — | Not Voting |
| Obernolte | — | Not Voting |
| Cristina Garcia | — | Yea |
| Eduardo Garcia | — | Yea |
| Jim Patterson | — | Yea |
| Luz Rivas | — | Yea |
| Mark Stone | — | Yea |
| Wendy Carrillo | — | Yea |
| Aguiar-Curry, Cecilia M. | Democratic | Yea |
| Arambula, Joaquin | Democratic | Yea |
| Bauer-Kahan, Rebecca | Democratic | Yea |
| Berman, Marc | Democratic | Yea |
| Boerner, Tasha | Democratic | Yea |
| Bonta, Mia | 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 |
| Petrie-Norris, Cottie | Democratic | Yea |
| Quirk-Silva, Sharon | Democratic | Yea |
| Ramos, James C. | Democratic | Yea |
| Reyes, Eloise Gómez | Democratic | Yea |
| Rivas, Robert | Democratic | Yea |
| Rubio, Blanca E. | Democratic | Yea |
| Wicks, Buffy | Democratic | Yea |
| Chen, Phillip | Republican | Yea |
| Choi, Steven S. | Republican | Yea |
| Flora, Heath | Republican | Yea |
| Gallagher, James | Republican | Yea |
| Lackey, Tom | Republican | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 27 | 0 | 0 | 0 |
| Democratic | 10 | 0 | 0 | 0 |
| Republican | 3 | 0 | 0 | 0 |
| Total | 40 | 0 | 0 | 0 |
| % of votes cast | 100% | 0% | 0% | 0% |
How each member voted (40)
| Member | Party | Vote |
|---|---|---|
| Rubio | — | Yea |
| Monning | — | Yea |
| Wieckowski | — | Yea |
| Mitchell | — | Yea |
| Bradford | — | Yea |
| Wilk | — | Yea |
| Beall | — | Yea |
| Atkins | — | Yea |
| Hill | — | Yea |
| Roth | — | Yea |
| Morrell | — | Yea |
| Hueso | — | Yea |
| Leyva | — | Yea |
| Dodd | — | Yea |
| Moorlach | — | Yea |
| Skinner | — | Yea |
| Allen | — | Yea |
| Borgeas | — | Yea |
| Galgiani | — | Yea |
| Hertzberg | — | Yea |
| Portantino | — | Yea |
| Bates | — | Yea |
| Glazer | — | Yea |
| Nielsen | — | Yea |
| Chang | — | Yea |
| Pan | — | Yea |
| Mark Stone | — | Yea |
| Archuleta, Bob | Democratic | Yea |
| Caballero, Anna M. | Democratic | Yea |
| Durazo, Maria Elena | Democratic | Yea |
| Gonzalez, Lena A. | Democratic | Yea |
| Hurtado, Melissa | Democratic | Yea |
| Jackson, Corey A. | Democratic | Yea |
| McGuire, Mike | Democratic | Yea |
| Stern, Henry I. | Democratic | Yea |
| Umberg, Thomas J. | Democratic | Yea |
| Wiener, Scott D. | Democratic | Yea |
| Dahle, Megan | Republican | Yea |
| Grove, Shannon | Republican | Yea |
| Jones, Brian W. | Republican | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 9 | 0 | 0 | 2 |
| Republican | 1 | 0 | 0 | 0 |
| Democratic | 1 | 0 | 0 | 0 |
| Total | 11 | 0 | 0 | 2 |
| % of votes cast | 85% | 0% | 0% | 15% |
How each member voted (13)
| Member | Party | Vote |
|---|---|---|
| Dodd | — | Yea |
| Moorlach | — | Yea |
| Rubio | — | Yea |
| Galgiani | — | Yea |
| Bates | — | Yea |
| Roth | — | Yea |
| Glazer | — | Yea |
| Mitchell | — | Yea |
| Hueso | — | Yea |
| Borgeas | — | Not Voting |
| Portantino | — | Not Voting |
| Archuleta, Bob | Democratic | Yea |
| Jones, Brian W. | Republican | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 46 | 0 | 0 | 2 |
| Democratic | 24 | 0 | 0 | 1 |
| Republican | 6 | 0 | 0 | 1 |
| Total | 76 | 0 | 0 | 4 |
| % of votes cast | 95% | 0% | 0% | 5% |
How each member voted (80)
| Member | Party | Vote |
|---|---|---|
| Brough | — | Yea |
| Kiley | — | Yea |
| Mayes | — | Yea |
| Salas | — | Yea |
| Mathis | — | Yea |
| Frazier | — | Yea |
| Bigelow | — | Yea |
| Cooley | — | Yea |
| Smith | — | Yea |
| Cunningham | — | Yea |
| Gonzalez | — | Yea |
| Diep | — | Yea |
| Chau | — | Yea |
| Gloria | — | Yea |
| Bloom | — | Yea |
| Rodriguez | — | Yea |
| Santiago | — | Yea |
| Obernolte | — | Yea |
| Voepel | — | Yea |
| Chiu | — | Yea |
| Holden | — | Yea |
| Daly | — | Yea |
| Eggman | — | Yea |
| Maienschein | — | Yea |
| Jones-Sawyer | — | Yea |
| Quirk | — | Yea |
| Mullin | — | Yea |
| Friedman | — | Yea |
| Ting | — | Yea |
| Kamlager-Dove | — | Yea |
| Levine | — | Yea |
| Melendez | — | Yea |
| McCarty | — | Yea |
| Low | — | Yea |
| Nazarian | — | Yea |
| Burke | — | Yea |
| Cooper | — | Yea |
| Wood | — | Yea |
| Medina | — | Yea |
| Rendon | — | Yea |
| Chu | — | Yea |
| O'Donnell | — | Yea |
| Weber | — | Yea |
| Waldron | — | Yea |
| Gray | — | Not Voting |
| Cristina Garcia | — | Yea |
| Eduardo Garcia | — | Not Voting |
| Mark Stone | — | Yea |
| Aguiar-Curry, Cecilia M. | Democratic | Yea |
| Arambula, Joaquin | Democratic | Not Voting |
| Bauer-Kahan, Rebecca | Democratic | Yea |
| Berman, Marc | Democratic | Yea |
| Boerner, Tasha | Democratic | Yea |
| Bonta, Mia | Democratic | Yea |
| Calderon, Lisa | Democratic | Yea |
| Carrillo, Juan | Democratic | Yea |
| Cervantes, Sabrina | Democratic | Yea |
| Fong, Mike | 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 |
| Petrie-Norris, Cottie | Democratic | Yea |
| Quirk-Silva, Sharon | Democratic | Yea |
| Ramos, James C. | Democratic | Yea |
| Reyes, Eloise Gómez | Democratic | Yea |
| Rivas, Robert | Democratic | Yea |
| Rivas, Robert | Democratic | Yea |
| Rubio, Blanca E. | Democratic | Yea |
| Wicks, Buffy | Democratic | Yea |
| Chen, Phillip | Republican | Not Voting |
| Choi, Steven S. | Republican | Yea |
| Dahle, Megan | Republican | Yea |
| Flora, Heath | Republican | Yea |
| Gallagher, James | Republican | Yea |
| Lackey, Tom | Republican | Yea |
| Patterson, Joe | Republican | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Democratic | 7 | 0 | 0 | 0 |
| Unaffiliated | 10 | 0 | 0 | 1 |
| Total | 17 | 0 | 0 | 1 |
| % of votes cast | 94% | 0% | 0% | 6% |
How each member voted (18)
| Member | Party | Vote |
|---|---|---|
| Brough | — | Yea |
| Obernolte | — | Yea |
| Maienschein | — | Yea |
| Quirk | — | Yea |
| Bigelow | — | Yea |
| McCarty | — | Yea |
| Eggman | — | Yea |
| Gonzalez | — | Yea |
| Diep | — | Yea |
| Chau | — | Yea |
| Bloom | — | Not Voting |
| Bonta, Mia | Democratic | Yea |
| Calderon, Lisa | Democratic | Yea |
| Carrillo, Juan | Democratic | Yea |
| Fong, Mike | Democratic | Yea |
| Gabriel, Jesse | Democratic | Yea |
| Petrie-Norris, Cottie | Democratic | Yea |
| Rivas, Robert | Democratic | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Democratic | 4 | 0 | 0 | 0 |
| Unaffiliated | 9 | 0 | 0 | 0 |
| Republican | 1 | 0 | 0 | 0 |
| Total | 14 | 0 | 0 | 0 |
| % of votes cast | 100% | 0% | 0% | 0% |
How each member voted (14)
| Member | Party | Vote |
|---|---|---|
| Cooper | — | Yea |
| Voepel | — | Yea |
| Mayes | — | Yea |
| Kamlager-Dove | — | Yea |
| Frazier | — | Yea |
| Bigelow | — | Yea |
| Daly | — | Yea |
| Cooley | — | Yea |
| Chu | — | Yea |
| Berman, Marc | Democratic | Yea |
| Calderon, Lisa | Democratic | Yea |
| Gipson, Mike A. | Democratic | Yea |
| Grayson, Timothy S. | Democratic | Yea |
| Chen, Phillip | Republican | Yea |
Subjects
Frequently asked questions
- What does AB 1099 do?
- Until January 1, 2020, existing law requires an admitted insurer with annual premiums written in California equal to or in excess of $100,000,000 to provide information to the Insurance Commissioner by July 1, 2016, on all of its community development investments, including investments through California Organized Investment Network (COIN) -certified community development financial institutions, community development infrastructure investments, and green investments, in California for the 2013, 2014, and 2015 calendar years. Existing law requires the commissioner, by December 31, 2016, to provide specified information on the Department of Insurance's internet website. This bill would extend the operation of those provisions until January 1, 2024, and would require an admitted insurer with annual premiums written in California equal to or in excess of $100,000,000 to provide investment information for the 2016, 2017, 2018, 2019, and 2020 calendar years to the commissioner by July 1, 2021. The bill would require the commissioner to provide specified information on the department's internet website by December 31, 2021, for the 2016, 2017, 2018, 2019, and 2020 calendar years. Existing law, until January 1, 2020, authorizes the commissioner to establish and appoint a 12-member California Organized Investment Network Advisory Board to advise COIN on the best methods to increase the level of insurance industry investments, while providing fair returns to investors and social benefits to underserved communities. This bill would extend the operation of that provision until January 1, 2029, expand the board's duties to include advising COIN regarding social and economic benefits to underserved and low-to-moderate-income communities, as well as environmental benefits, add a representative with experience seeking investments that provide environmental benefits to the board, and require the board to elect a vice chair.
- Who sponsors AB 1099?
- AB 1099 is sponsored by Calderon, Lisa (Democratic).
- What is the current status of AB 1099?
- This bill has been enacted into law. Introduced February 21, 2019. Enacted.
- Where can I track AB 1099?
- Track AB 1099 free on One Click Politics — get push/email alerts when it moves.
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