Legislation: batch E — CA TN VA VT WA WI WV WY

Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>

legislation/us/states/ca/20172018/ab-2862.md

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+---
+type: "Bill"
+title: "Credit unions: investments and exemptions."
+description: "(1) The California Credit Union Law provides for the regulation of credit unions by the Commissioner of Business Oversight. This law permits a credit union to make certain investments, including, among others, investing in securities and other specified assets and investments authorized by the commissioner. Under existing law, except as otherwise provided, a willful or knowing violation of this law is a crime."
+jurisdiction: "us/states/ca"
+legislature: "California Legislature"
+session: "20172018"
+identifier: "AB 2862"
+citation: "California AB 2862 (20172018)"
+classification: ["bill"]
+subjects: ["Credit unions: investments and exemptions."]
+status: "enacted"
+primary_sponsors: ["Limón"]
+version_count: 7
+action_count: 23
+vote_count: 6
+first_action: "2018-02-16"
+last_action: "2018-09-05"
+source: "openstates"
+source_identifier: "ocd-bill/347d4e2c-a14e-498d-b335-98392513d620"
+source_url: "http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201720180AB2862"
+source_hash: "3a3d44cbcb284e26427b618d453bd7a86cb58819e7a4ce80fc00f36470dbd3e4"
+vintage: "2026-07-01"
+source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
+retrieved_at: "2026-07-06"
+confidence: "reported"
+tags: ["legislation", "bill", "us-ca"]
+---
+
+# California AB 2862 (20172018) — Credit unions: investments and exemptions.
+
+(1) The California Credit Union Law provides for the regulation of credit unions by the Commissioner of Business Oversight. This law permits a credit union to make certain investments, including, among others, investing in securities and other specified assets and investments authorized by the commissioner. Under existing law, except as otherwise provided, a willful or knowing violation of this law is a crime.
+
+## Version chain
+
+The bill's text revisions, in order — the diff chain from filing to enrollment.
+
+1. **02/16/18 - Introduced** (filed) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201720180AB2862&version=20170AB286299INT)
+2. **03/12/18 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201720180AB2862&version=20170AB286298AMD)
+3. **06/11/18 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201720180AB2862&version=20170AB286297AMD)
+4. **08/06/18 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201720180AB2862&version=20170AB286296AMD)
+5. **09/05/18 - Chaptered** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201720180AB2862&version=20170AB286294CHP)
+6. **AB2862** (committee substitute) — [source](http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201720180AB2862)
+7. **08/24/18 - Enrolled** (enrolled) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201720180AB2862&version=20170AB286295ENR)
+
+## Votes
+
+- Do pass. To Consent Calendar. — **15–0** (pass) · lower
+- Do pass, but first be re-referred to the Committee on [Appropriations] with the recommendation: To Consent Calendar — **7–0** (pass) · upper
+- AB 2862 LIMÓN Consent Calendar Second Day — **71–0** (pass) · lower
+- AB 2862 LIMÓN Concurrence in Senate Amendments — **79–0** (pass) · lower
+- Do pass and be re-referred to the Committee on [Appropriations] with recommendation: To Consent Calendar — **11–0** (pass) · lower
+- Consent Calendar AB2862 — **37–0** (pass) · upper
+
+## Sponsors
+
+- Limón — primary (person)
+
+## Timeline
+
+The legislative action history — every referral, reading, and vote.
+
+- **2018-02-16** Read first time. To print. `reading-1`
+- **2018-02-17** From printer. May be heard in committee March 19.
+- **2018-03-08** Referred to Com. on B. & F. `referral-committee`
+- **2018-03-12** From committee chair, with author's amendments: Amend, and re-refer to Com. on B. & F. Read second time and amended. `amendment-introduction, amendment-passage, reading-2, reading-1`
+- **2018-03-13** Re-referred to Com. on B. & F. `referral-committee`
+- **2018-04-03** From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 11. Noes 0.) (April 2). Re-referred to Com. on APPR. `committee-passage-favorable, committee-passage, referral-committee`
+- **2018-04-11** From committee: Do pass. To Consent Calendar. (Ayes 15. Noes 0.) (April 11). `committee-passage-favorable, committee-passage`
+- **2018-04-12** Read second time. Ordered to Consent Calendar. `reading-2, reading-1`
+- **2018-04-19** Read third time. Passed. Ordered to the Senate. (Ayes 71. Noes 0. Page 4791.) `reading-3, passage, reading-1`
+- **2018-04-19** In Senate. Read first time. To Com. on RLS. for assignment. `reading-1`
+- **2018-05-03** Referred to Com. on B. & F.I. `referral-committee`
+- **2018-05-30** In committee: Hearing postponed by committee.
+- **2018-06-11** From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on B. & F.I. `amendment-passage, referral-committee, reading-2, reading-1, amendment-introduction`
+- **2018-06-21** From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 7. Noes 0.) (June 20). Re-referred to Com. on APPR. `committee-passage-favorable, committee-passage, referral-committee`
+- **2018-08-06** From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on APPR. `amendment-passage, referral-committee, reading-2, reading-1, amendment-introduction`
+- **2018-08-06** From committee: Be ordered to second reading file pursuant to Senate Rule 28.8 and ordered to Consent Calendar. `committee-passage, reading-2`
+- **2018-08-07** Read second time. Ordered to Consent Calendar. `reading-2, reading-1`
+- **2018-08-13** Read third time. Passed. Ordered to the Assembly. (Ayes 37. Noes 0. Page 5281.). `reading-3, passage, reading-1`
+- **2018-08-14** In Assembly. Concurrence in Senate amendments pending. May be considered on or after August 16 pursuant to Assembly Rule 77.
+- **2018-08-23** Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 79. Noes 0. Page 6487.). `committee-passage-favorable, amendment-passage`
+- **2018-08-29** Enrolled and presented to the Governor at 4 p.m.
+- **2018-09-05** Approved by the Governor. `executive-signature`
+- **2018-09-05** Chaptered by Secretary of State - Chapter 267, Statutes of 2018.
+
+## Source
+
+OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/347d4e2c-a14e-498d-b335-98392513d620`. Confidence: reported (aggregated from official California legislature records).
+