---
type: "Bill"
title: "Industrial banks: acquisition."
description: "Industrial banks: acquisition."
jurisdiction: "us/states/ca"
legislature: "California Legislature"
session: "20012002"
identifier: "AB 551"
citation: "California AB 551 (20012002)"
classification: ["bill"]
subjects: ["Industrial banks: acquisition."]
status: "enacted"
primary_sponsors: ["Papan"]
version_count: 7
action_count: 27
vote_count: 9
first_action: "2001-02-21"
last_action: "2002-09-30"
source: "openstates"
source_identifier: "ocd-bill/0f6a9786-0a5b-42e2-84a5-67e2a7610249"
source_url: "http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=200120020AB551"
source_hash: "e68aa157eb802ee09df98b6862f7a553c0522c500a7363b7e11f4b076e260cdd"
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 551 (20012002) — Industrial banks: acquisition.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **02/21/01 - Introduced** (filed) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=200120020AB551&version=20010AB55199INT)
2. **05/07/01 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=200120020AB551&version=20010AB55198AMD)
3. **08/22/02 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=200120020AB551&version=20010AB55197AMD)
4. **08/28/02 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=200120020AB551&version=20010AB55196AMD)
5. **09/30/02 - Chaptered** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=200120020AB551&version=20010AB55194CHP)
6. **AB551** (committee substitute) — [source](http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=200120020AB551)
7. **09/13/02 - Enrolled** (enrolled) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=200120020AB551&version=20010AB55195ENR)

## Votes

- AB 551 Wesson Assembly Third Reading — **pass** (pass) · lower
- Assembly 3rd Reading AB551 Papan By Dunn — **pass** (pass) · upper
- Do pass. — **pass** (pass) · upper
- Do pass, but re-refer to the Committee on Appropriations. — **pass** (pass) · upper
- AB 551 Papan Concurrence in Senate Amendments — **pass** (pass) · lower
- Do pass as amended. — **pass** (pass) · lower
- Do pass and be re-referred to the Committee on Appropriations. — **pass** (pass) · lower
- AB 551 Papan Concurrence in Senate Amendments By Wyman Motion — **fail** (fail) · lower
- Do pass, but re-refer to the Committee on Appropriations. — **pass** (pass) · upper

## Sponsors

- Papan — primary (person)
- Burton — principal coauthor (person)
- Dunn — coauthor (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2002-09-30** Chaptered by Secretary of State - Chapter 1162, Statutes of 2002.
- **2002-09-30** Approved by the Governor. `executive-signature`
- **2002-09-16** (Corrected September 13. )
- **2002-09-16** Enrolled and to the Governor at 3 p.m.
- **2002-08-30** Senate amendments concurred in. To enrollment. (Ayes 45. Noes 25. Page 8607.) `committee-passage-favorable, amendment-passage`
- **2002-08-29** In Assembly. Concurrence in Senate amendments pending.
- **2002-08-29** Read third time, passed, and to Assembly. (Ayes 23. Noes 12.) `passage, reading-1, reading-3`
- **2002-08-28** From committee: Do pass, and re-refer to Standing Committee on Appropriations Re-referred. (Ayes 5. Noes 3.). From committee: Be placed on second reading file pursuant to Senate Rule 28.8 and be amended. Read second time, amended, and to third reading. `committee-passage-favorable, reading-1, referral-committee, committee-passage, reading-2, amendment-passage`
- **2002-08-27** Withdrawn from committee. Re-referred to Com. on B.C. & I.T. pursuant to Senate Rule 29.10. `referral-committee`
- **2002-08-26** Read second time. To third reading. Re-referred to Com. on B., C. & I. T. `reading-2, reading-1, referral-committee`
- **2002-08-22** Read third time, amended. To second reading. `reading-1, amendment-passage, reading-3`
- **2002-08-21** Read second time. To third reading. `reading-2, reading-1`
- **2002-08-20** From inactive file. To second reading.
- **2001-09-13** To inactive file on motion of Senator Alpert.
- **2001-08-22** Read second time. To third reading. `reading-2, reading-1`
- **2001-08-21** From committee: Do pass. (Ayes 7. Noes 4.). `committee-passage-favorable, committee-passage`
- **2001-07-12** From committee: Do pass, and re-refer to Standing Committee on Appropriations Re-referred. (Ayes 6. Noes 1.). `committee-passage-favorable, referral-committee, committee-passage`
- **2001-06-12** Referred to Standing Committee on Elections and Redistricting. `referral-committee`
- **2001-05-31** In Senate. Read first time. To Standing Committee on Rules for assignment. `reading-1`
- **2001-05-30** Read third time, passed, and to Senate. (Ayes 44. Noes 23. Page 1918.) `passage, reading-1, reading-3`
- **2001-05-08** Read second time. To third reading. `reading-2, reading-1`
- **2001-05-07** Read second time and amended. Ordered returned to second reading. `reading-2, amendment-passage, reading-1`
- **2001-05-03** From committee: Amend, and do pass as amended. (Ayes 14. Noes 6.) (April 25). `amendment-introduction, committee-passage, amendment-passage`
- **2001-04-03** From committee: Do pass, and re-refer to Standing Committee on Appropriations Re-referred. (Ayes 9. Noes 4.) (April 2). `committee-passage-favorable, referral-committee, committee-passage`
- **2001-03-05** Referred to Com. on E.,R. & C.A. `referral-committee`
- **2001-02-22** From printer. May be heard in committee March 24.
- **2001-02-21** Read first time. To print. `reading-1`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/0f6a9786-0a5b-42e2-84a5-67e2a7610249`. Confidence: reported (aggregated from official California legislature records).