Existing law requires each admitted insurer to provide information by January 1, 2014, to the Insurance Commissioner on all of its community development investments and community development infrastructure investments in California. Community development investments are investments where all or a portion of the investment has as its primary purpose community development for, or that directly benefits, California low- or moderate-income individuals, families, or communities, and includes, but is not limited to, investments in California in or through the California Organized Investment Network (COIN) -certified community development financial institutions (CDFIs) and investments made pursuant to the requirements of federal, state, or local community development investment programs or community development investment tax incentive programs, including green investments, if these investments directly benefit low- or moderate-income individuals, families, and communities and are consistent with applicable provisions. The commissioner and the Department of Insurance are required to provide certain information on community development investments and community development infrastructure investments to the public on the department's Internet Web site, as specified, by May 31, 2014, and biennially with regard to green investments. These provisions are to remain in effect only until January 1, 2015, and are repealed as of that date.
California AB 2128 (20132014) — Insurer investments: community development.
Existing law requires each admitted insurer to provide information by January 1, 2014, to the Insurance Commissioner on all of its community development investments and community development infrastructure investments in California. Community development investments are investments where all or a portion of the investment has as its primary purpose community development for, or that directly benefits, California low- or moderate-income individuals, families, or communities, and includes, but is not limited to, investments in California in or through the California Organized Investment Network (COIN) -certified community development financial institutions (CDFIs) and investments made pursuant to the requirements of federal, state, or local community development investment programs or community development investment tax incentive programs, including green investments, if these investments directly benefit low- or moderate-income individuals, families, and communities and are consistent with applicable provisions. The commissioner and the Department of Insurance are required to provide certain information on community development investments and community development infrastructure investments to the public on the department's Internet Web site, as specified, by May 31, 2014, and biennially with regard to green investments. These provisions are to remain in effect only until January 1, 2015, and are repealed as of that date.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
AB 2128 GORDON Concurrence in Senate Amendments — 54–24 (pass) · lower
3rd Reading AB2128 Gordon By Correa — 25–11 (pass) · upper
Do pass. — 12–5 (pass) · lower
AB 2128 GORDON Assembly Third Reading — 55–22 (pass) · lower
Do pass and be re-referred to the Committee on Appropriations. — 9–3 (pass) · lower
Do pass. — 5–2 (pass) · upper
Do pass as amended, and re-refer to the Committee on Appropriations. — 8–2 (pass) · upper
Sponsors
Gordon — primary (person)
Timeline
The legislative action history — every referral, reading, and vote.
2014-02-20 Read first time. To print. reading-1
2014-02-21 From printer. May be heard in committee March 23.
2014-03-06 Referred to Com. on INS. referral-committee
2014-03-19 From committee chair, with author's amendments: Amend, and re-refer to Com. on INS. Read second time and amended. amendment-introduction, amendment-passage, reading-2, reading-1
2014-03-20 Re-referred to Com. on INS. referral-committee
2014-04-02 From committee: Do pass and re-refer to Com. on APPR. (Ayes 9. Noes 3.) (April 2). Re-referred to Com. on APPR. committee-passage-favorable, referral-committee, committee-passage
2014-04-09 From committee: Do pass. (Ayes 12. Noes 5.) (April 9). committee-passage-favorable, committee-passage
2014-04-10 Read second time. Ordered to third reading. reading-2, reading-1
2014-04-21 Read third time. Passed. Ordered to the Senate. (Ayes 55. Noes 22. Page 4474.) reading-3, reading-1, passage
2014-04-21 In Senate. Read first time. To Com. on RLS. for assignment. reading-1
2014-05-08 Referred to Com. on INS. referral-committee
2014-06-30 From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 8. Noes 2.) (June 25). committee-passage-favorable, committee-passage, amendment-passage
2014-07-01 Read second time and amended. Re-referred to Com. on APPR. amendment-passage, reading-2, reading-1, referral-committee
2014-08-04 In committee: Hearing postponed by committee.
2014-08-04 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-introduction, amendment-passage, reading-2, reading-1, referral-committee
2014-08-11 From committee: Do pass. (Ayes 5. Noes 2.) (August 11). committee-passage-favorable, committee-passage
2014-08-12 Read second time. Ordered to third reading. reading-2, reading-1
2014-08-13 Read third time. Passed. Ordered to the Assembly. (Ayes 25. Noes 11. Page 4462.). reading-3, reading-1, passage
2014-08-13 In Assembly. Concurrence in Senate amendments pending. May be considered on or after August 15 pursuant to Assembly Rule 77.
2014-08-18 Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 54. Noes 24. Page 6101.). committee-passage-favorable, amendment-passage
2014-08-27 Enrolled and presented to the Governor at 3 p.m.
2014-09-17 Approved by the Governor. executive-signature
2014-09-17 Chaptered by Secretary of State - Chapter 384, Statutes of 2014.
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/2d327c8b-d065-404a-b725-4358e2dc7cb9. Confidence: reported (aggregated from official California legislature records).