---
type: "Bill"
title: "Small business: commercial financing transactions."
description: "Existing law generally regulates the loaning of money, including the calculation of interest rates. Existing law, the California Financing Law (CFL) , prohibits a person from engaging in the business of a finance lender or broker without obtaining a license from the Commissioner of Financial Protection and Innovation. The CFL generally regulates commercial loans made by licensees."
jurisdiction: "us/states/ca"
legislature: "California Legislature"
session: "20232024"
identifier: "SB 666"
citation: "California SB 666 (20232024)"
classification: ["bill"]
subjects: ["Small business", "commercial financing transactions"]
status: "enacted"
primary_sponsors: ["Min"]
version_count: 8
action_count: 28
vote_count: 8
first_action: "2023-02-16"
last_action: "2023-10-13"
source: "openstates"
source_identifier: "ocd-bill/742c72db-8bc2-4691-8aca-52d768ff0e70"
source_url: "http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202320240SB666"
source_hash: "3dae87a769940a1e404d9873222206f1855f1a604b26cadde16207cee5da68b6"
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 SB 666 (20232024) — Small business: commercial financing transactions.

Existing law generally regulates the loaning of money, including the calculation of interest rates. Existing law, the California Financing Law (CFL) , prohibits a person from engaging in the business of a finance lender or broker without obtaining a license from the Commissioner of Financial Protection and Innovation. The CFL generally regulates commercial loans made by licensees.

## Version chain

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

1. **02/16/23 - Introduced** (filed) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202320240SB666&version=20230SB66699INT)
2. **03/21/23 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202320240SB666&version=20230SB66698AMD)
3. **04/10/23 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202320240SB666&version=20230SB66697AMD)
4. **06/05/23 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202320240SB666&version=20230SB66696AMD)
5. **06/14/23 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202320240SB666&version=20230SB66695AMD)
6. **10/13/23 - Chaptered** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202320240SB666&version=20230SB66693CHP)
7. **SB666** (committee substitute) — [source](http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202320240SB666)
8. **09/14/23 - Enrolled** (enrolled) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202320240SB666&version=20230SB66694ENR)

## Votes

- Do pass and be re-referred to the Committee on [Appropriations] — **11–0** (pass) · lower
- Consent Calendar — **39–0** (pass) · upper
- SB 666 Min Senate Third Reading By Grayson — **80–0** (pass) · lower
- Unfinished Business SB666 Min Concurrence — **39–0** (pass) · upper
- Do pass, but first be re-referred to the Committee on [Rules] with the recommendation: To Consent Calendar — **7–0** (pass) · upper
- Do pass as amended and be re-referred to the Committee on [Judiciary] — **12–0** (pass) · lower
- Do pass and be ordered to the Consent Calendar — **10–0** (pass) · upper
- Do pass. — **16–0** (pass) · lower

## Sponsors

- Min — primary (person)

## Timeline

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

- **2023-02-16** Introduced. Read first time. To Com. on RLS. for assignment. To print. `introduction, reading-1`
- **2023-02-17** From printer. May be acted upon on or after March 19.
- **2023-03-01** Referred to Com. on RLS. `referral-committee`
- **2023-03-21** From committee with author's amendments. Read second time and amended. Re-referred to Com. on RLS. `amendment-passage, committee-passage, reading-1, reading-2, referral-committee`
- **2023-03-29** Re-referred to Com. on B. & F.I. `referral-committee`
- **2023-04-03** Set for hearing April 19.
- **2023-04-10** From committee with author's amendments. Read second time and amended. Re-referred to Com. on B. & F.I. `amendment-passage, committee-passage, reading-1, reading-2, referral-committee`
- **2023-04-19** From committee: Do pass and re-refer to Com. on RLS with recommendation: To consent calendar. (Ayes 7. Noes 0. Page 831.) (April 19). Re-referred to Com. on RLS. `committee-passage, committee-passage-favorable, referral-committee`
- **2023-04-20** Re-referred to Com. on JUD. `referral-committee`
- **2023-04-21** Set for hearing May 2.
- **2023-05-03** From committee: Do pass. Ordered to consent calendar. (Ayes 10. Noes 0. Page 1012.) (May 2). `committee-passage, committee-passage-favorable`
- **2023-05-04** Read second time. Ordered to consent calendar. `reading-1, reading-2`
- **2023-05-11** Read third time. Passed. (Ayes 39. Noes 0. Page 1053.) Ordered to the Assembly. `passage, reading-1, reading-3`
- **2023-05-11** In Assembly. Read first time. Held at Desk. `reading-1`
- **2023-05-18** Referred to Coms. on B. & F. and JUD. `referral-committee`
- **2023-06-05** From committee with author's amendments. Read second time and amended. Re-referred to Com. on B. & F. `amendment-passage, committee-passage, reading-1, reading-2, referral-committee`
- **2023-06-13** From committee: Do pass as amended and re-refer to Com. on JUD. (Ayes 12. Noes 0.) (June 12). `amendment-passage, committee-passage, committee-passage-favorable`
- **2023-06-14** Read second time and amended. Re-referred to Com. on JUD. `amendment-passage, reading-1, reading-2, referral-committee`
- **2023-06-27** From committee: Do pass and re-refer to Com. on APPR. (Ayes 11. Noes 0.) (June 27). Re-referred to Com. on APPR. `committee-passage, committee-passage-favorable, referral-committee`
- **2023-08-16** August 16 set for first hearing. Placed on suspense file.
- **2023-09-01** From committee: Do pass. (Ayes 16. Noes 0.) (September 1). `committee-passage, committee-passage-favorable`
- **2023-09-05** Read second time. Ordered to third reading. `reading-1, reading-2`
- **2023-09-11** Read third time. Passed. (Ayes 80. Noes 0. Page 3204.) Ordered to the Senate. `passage, reading-1, reading-3`
- **2023-09-11** In Senate. Concurrence in Assembly amendments pending.
- **2023-09-12** Assembly amendments concurred in. (Ayes 39. Noes 0. Page 2681.) Ordered to engrossing and enrolling. `amendment-passage, committee-passage-favorable`
- **2023-09-20** Enrolled and presented to the Governor at 4:30 p.m.
- **2023-10-13** Approved by the Governor. `executive-signature`
- **2023-10-13** Chaptered by Secretary of State. Chapter 881, Statutes of 2023. `became-law`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/742c72db-8bc2-4691-8aca-52d768ff0e70`. Confidence: reported (aggregated from official California legislature records).