---
type: "Bill"
title: "Financial institutions: Iran sanctions."
description: "Existing law generally provides for the regulation and licensure of financial institutions, including, but not limited to, banks and credit unions, by the Department of Business Oversight and the Commissioner of Business Oversight, as specified."
jurisdiction: "us/states/ca"
legislature: "California Legislature"
session: "20132014"
identifier: "AB 978"
citation: "California AB 978 (20132014)"
classification: ["bill"]
subjects: ["Financial institutions: Iran sanctions."]
status: "enacted"
primary_sponsors: ["Blumenfield"]
version_count: 7
action_count: 25
vote_count: 7
first_action: "2013-02-22"
last_action: "2013-08-26"
source: "openstates"
source_identifier: "ocd-bill/4fa5190f-2415-4a58-985d-dfb55aa07de9"
source_url: "http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201320140AB978"
source_hash: "82a22c8eec1d555856fa157b780cb5352ffa4085b3fe87769675efb71e3e4e38"
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 978 (20132014) — Financial institutions: Iran sanctions.

Existing law generally provides for the regulation and licensure of financial institutions, including, but not limited to, banks and credit unions, by the Department of Business Oversight and the Commissioner of Business Oversight, as specified.

## Version chain

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

1. **02/22/13 - Introduced** (filed) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201320140AB978&version=20130AB97899INT)
2. **04/15/13 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201320140AB978&version=20130AB97898AMD)
3. **04/25/13 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201320140AB978&version=20130AB97897AMD)
4. **06/10/13 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201320140AB978&version=20130AB97896AMD)
5. **08/26/13 - Chaptered** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201320140AB978&version=20130AB97894CHP)
6. **AB978** (committee substitute) — [source](http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201320140AB978)
7. **08/13/13 - Enrolled** (enrolled) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201320140AB978&version=20130AB97895ENR)

## Votes

- AB 978 BLUMENFIELD Assembly Third Reading — **72–1** (pass) · lower
- Do pass as amended and be re-referred to the Committee on Banking and Finance. — **8–0** (pass) · lower
- AB 978 Concurrence in Senate Amendments By FOX — **74–1** (pass) · lower
- 3rd Reading AB978 Blumenfield By Correa — **33–0** (pass) · upper
- Do pass. — **16–1** (pass) · lower
- Do pass as amended, and re-refer to the Committee on Appropriations. — **8–0** (pass) · upper
- Do pass as amended and be re-referred to the Committee on Appropriations. — **11–0** (pass) · lower

## Sponsors

- Blumenfield — primary (person)
- Brown — coauthor (person)
- Correa — coauthor (person)
- Fox — coauthor (person)
- Medina — coauthor (person)

## Timeline

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

- **2013-02-22** Introduced. To print. `introduction`
- **2013-02-24** From printer. May be heard in committee March 26.
- **2013-02-25** Read first time. `reading-1`
- **2013-03-07** Referred to Coms. on J., E.D., & E. and B. & F. `referral-committee`
- **2013-04-11** From committee: Do pass as amended and re-refer to Com. on B. & F. (Ayes 8. Noes 0.) (April 9). `committee-passage-favorable, committee-passage, amendment-passage`
- **2013-04-15** Read second time and amended. `reading-2, reading-1, amendment-passage`
- **2013-04-16** Re-referred to Com. on B. & F. `referral-committee`
- **2013-04-24** From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 11. Noes 0.) (April 22). `committee-passage-favorable, committee-passage, amendment-passage`
- **2013-04-25** Read second time and amended. `reading-2, reading-1, amendment-passage`
- **2013-04-29** Re-referred to Com. on APPR. `referral-committee`
- **2013-05-09** From committee: Do pass. (Ayes 16. Noes 1.) (May 8). `committee-passage-favorable, committee-passage`
- **2013-05-13** Read second time. Ordered to third reading. `reading-2, reading-1`
- **2013-05-16** Read third time. Passed. Ordered to the Senate. (Ayes 72. Noes 1. Page 1463.) `reading-3, reading-1, passage`
- **2013-05-16** In Senate. Read first time. To Com. on RLS. for assignment. `reading-1`
- **2013-05-29** Referred to Com. on B. & F.I. `referral-committee`
- **2013-06-06** From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 8. Noes 0.) (June 5). `committee-passage-favorable, committee-passage, amendment-passage`
- **2013-06-10** Read second time and amended. Re-referred to Com. on APPR. `amendment-passage, reading-2, reading-1, referral-committee`
- **2013-06-18** From committee: Be placed on second reading file pursuant to Senate Rule 28.8. `committee-passage`
- **2013-06-19** Read second time. Ordered to third reading. `reading-2, reading-1`
- **2013-07-08** Read third time. Passed. Ordered to the Assembly. (Ayes 33. Noes 0. Page 1689.). `reading-3, reading-1, passage`
- **2013-08-05** In Assembly. Concurrence in Senate amendments pending. May be considered on or after August 7 pursuant to Assembly Rule 77.
- **2013-08-08** Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 74. Noes 1. Page 2470.). `committee-passage-favorable, amendment-passage`
- **2013-08-15** Enrolled and presented to the Governor at 12:30 p.m.
- **2013-08-26** Approved by the Governor. `executive-signature`
- **2013-08-26** Chaptered by Secretary of State - Chapter 139, Statutes of 2013.

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/4fa5190f-2415-4a58-985d-dfb55aa07de9`. Confidence: reported (aggregated from official California legislature records).