Financial Empowerment Fund: unbanked and underbanked populations.
Existing law establishes the Department of Business Oversight, which is responsible for the administration and enforcement of regulations on the activities of various financial entities, including commercial banks, industrial banks, trust companies, credit unions, and savings and loan associations. Existing law requires specified fees, reimbursements, assessments, and other moneys collected by the Division of Corporations within the department to be deposited into the State Corporations Fund for specified purposes.
us/states/ca
California Legislature
20192020
SB 455
California SB 455 (20192020)
bill
appropriation
Financial Empowerment Fund: unbanked and underbanked populations.
California SB 455 (20192020) — Financial Empowerment Fund: unbanked and underbanked populations.
Existing law establishes the Department of Business Oversight, which is responsible for the administration and enforcement of regulations on the activities of various financial entities, including commercial banks, industrial banks, trust companies, credit unions, and savings and loan associations. Existing law requires specified fees, reimbursements, assessments, and other moneys collected by the Division of Corporations within the department to be deposited into the State Corporations Fund for specified purposes.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
SB 455 Bradford Senate Third Reading By Limón — 79–0 (pass) · lower
Do pass as amended — 6–0 (pass) · upper
Sponsors
Bradford — primary (person)
Caballero — coauthor (person)
Chang — author (person)
Timeline
The legislative action history — every referral, reading, and vote.
2019-02-21 Introduced. Read first time. To Com. on RLS. for assignment. To print. introduction, reading-1
2019-02-22 From printer. May be acted upon on or after March 24.
2019-03-07 Referred to Com. on B. & F.I. referral-committee
2019-03-08 Set for hearing April 10.
2019-04-11 From committee: Do pass and re-refer to Com. on APPR. (Ayes 7. Noes 0. Page 712.) (April 10). Re-referred to Com. on APPR. committee-passage-favorable, committee-passage, referral-committee
2019-04-18 Set for hearing April 29.
2019-04-29 April 29 hearing: Placed on APPR. suspense file.
2019-05-10 Set for hearing May 16.
2019-05-17 From committee: Do pass as amended. (Ayes 6. Noes 0. Page 1099.) (May 16). committee-passage-favorable, committee-passage, amendment-passage
2019-05-17 Read second time and amended. Ordered to second reading. amendment-passage, reading-1, reading-2
2019-05-20 Read second time. Ordered to third reading. reading-1, reading-2
2019-05-23 Read third time. Passed. (Ayes 38. Noes 0. Page 1250.) Ordered to the Assembly. passage, reading-3, reading-1
2019-05-24 In Assembly. Read first time. Held at Desk. reading-1
2019-06-06 Referred to Com. on B. & F. referral-committee
2019-07-09 From committee: Do pass and re-refer to Com. on APPR. with recommendation: To consent calendar. (Ayes 10. Noes 0.) (July 8). Re-referred to Com. on APPR. committee-passage-favorable, committee-passage, referral-committee
2019-08-12 From committee with author's amendments. Read second time and amended. Re-referred to Com. on APPR. reading-1, reading-2, amendment-passage, committee-passage, referral-committee
2019-08-21 August 21 set for first hearing. Placed on APPR. suspense file.
2019-08-30 From committee: Do pass. (Ayes 18. Noes 0.) (August 30). committee-passage-favorable, committee-passage
2019-09-03 Read second time. Ordered to third reading. reading-1, reading-2
2019-09-10 Read third time. Passed. (Ayes 79. Noes 0. Page 3320.) Ordered to the Senate. passage, reading-3, reading-1
2019-09-10 In Senate. Concurrence in Assembly amendments pending.
2019-09-11 Ordered to special consent calendar.
2019-09-11 Assembly amendments concurred in. (Ayes 40. Noes 0. Page 2868.) Ordered to engrossing and enrolling. amendment-passage, committee-passage-favorable
2019-09-19 Enrolled and presented to the Governor at 3 p.m.
2019-10-02 Approved by the Governor. executive-signature
2019-10-02 Chaptered by Secretary of State. Chapter 478, Statutes of 2019.
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/a64704f4-14ab-4072-9ed3-9037ea708f27. Confidence: reported (aggregated from official California legislature records).