(1) Existing law abolishes the office of the Commissioner of Financial Institutions and the Department of Financial Institutions and transfers the powers, duties, responsibilities, and functions thereof to the Commissioner of Business Oversight and the Department of Business Oversight, respectively. Existing law also abolishes the office of the Commissioner of Corporations and the Department of Corporations and transfers the powers, duties, responsibilities, and functions thereof to the Commissioner of Business Oversight and the Department of Business Oversight, respectively.
California SB 251 (20192020) — Financial institutions.
(1) Existing law abolishes the office of the Commissioner of Financial Institutions and the Department of Financial Institutions and transfers the powers, duties, responsibilities, and functions thereof to the Commissioner of Business Oversight and the Department of Business Oversight, respectively. Existing law also abolishes the office of the Commissioner of Corporations and the Department of Corporations and transfers the powers, duties, responsibilities, and functions thereof to the Commissioner of Business Oversight and the Department of Business Oversight, respectively.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
Committee on Banking and Financial Institutions — primary (person)
Timeline
The legislative action history — every referral, reading, and vote.
2019-02-11 Introduced. Read first time. To Com. on RLS. for assignment. To print. introduction, reading-1
2019-02-12 From printer. May be acted upon on or after March 14.
2019-02-21 Referred to Com. on B. & F.I. referral-committee
2019-03-08 Set for hearing April 10.
2019-04-11 From committee: Do pass. Ordered to consent calendar. (Ayes 7. Noes 0. Page 712.) (April 10). committee-passage-favorable, committee-passage
2019-04-22 Read second time. Ordered to consent calendar. reading-1, reading-2
2019-04-25 Read third time. Passed. (Ayes 37. Noes 0. Page 823.) Ordered to the Assembly. passage, reading-3, reading-1
2019-04-25 In Assembly. Read first time. Held at Desk. reading-1
2019-05-16 Referred to Com. on B. & F. referral-committee
2019-05-28 From committee with author's amendments. Read second time and amended. Re-referred to Com. on B. & F. reading-1, reading-2, amendment-passage, committee-passage, referral-committee
2019-06-05 June 10 hearing postponed by committee.
2019-06-25 From committee: Do pass. Ordered to consent calendar. (Ayes 12. Noes 0.) (June 24). committee-passage-favorable, committee-passage
2019-06-26 Read second time. Ordered to consent calendar. reading-1, reading-2
2019-07-01 Read third time. Passed. (Ayes 77. Noes 0. Page 2492.) Ordered to the Senate. passage, reading-3, reading-1
2019-07-01 In Senate. Concurrence in Assembly amendments pending.
2019-07-03 Ordered to special consent calendar.
2019-07-11 Assembly amendments concurred in. (Ayes 39. Noes 0. Page 2055.) Ordered to engrossing and enrolling. amendment-passage, committee-passage-favorable
2019-07-19 Enrolled and presented to the Governor at 2 p.m.
2019-07-30 Approved by the Governor. executive-signature
2019-07-30 Chaptered by Secretary of State. Chapter 143, Statutes of 2019.
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/b00a9c82-7106-48a4-a501-b43b69b24f76. Confidence: reported (aggregated from official California legislature records).