Fabio
97 lines
6.8 KiB
Markdown
97 lines
6.8 KiB
Markdown
---
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type: "Bill"
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title: "Financial Empowerment Fund: unbanked and underbanked populations."
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description: "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."
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jurisdiction: "us/states/ca"
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legislature: "California Legislature"
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session: "20192020"
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identifier: "SB 455"
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citation: "California SB 455 (20192020)"
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classification: ["bill", "appropriation"]
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subjects: ["Financial Empowerment Fund: unbanked and underbanked populations."]
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status: "enacted"
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primary_sponsors: ["Bradford"]
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version_count: 6
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action_count: 26
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vote_count: 8
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first_action: "2019-02-21"
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last_action: "2019-10-02"
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source: "openstates"
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source_identifier: "ocd-bill/a64704f4-14ab-4072-9ed3-9037ea708f27"
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source_url: "http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201920200SB455"
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source_hash: "4a33e766a8b93491b4563b7d3554bf3442d36b7958a681b0a2d6b1f1b16bdfa2"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-ca"]
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---
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# California SB 455 (20192020) — Financial Empowerment Fund: unbanked and underbanked populations.
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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.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **02/21/19 - Introduced** (filed) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201920200SB455&version=20190SB45599INT)
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2. **05/17/19 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201920200SB455&version=20190SB45598AMD)
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3. **08/12/19 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201920200SB455&version=20190SB45597AMD)
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4. **10/02/19 - Chaptered** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201920200SB455&version=20190SB45595CHP)
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5. **SB455** (committee substitute) — [source](http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201920200SB455)
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6. **09/13/19 - Enrolled** (enrolled) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201920200SB455&version=20190SB45596ENR)
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## Votes
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- Do pass, but first be re-referred to the Committee on [Appropriations] — **7–0** (pass) · upper
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- Unfinished Business SB455 Bradford et al. Concurrence — **40–0** (pass) · upper
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- Do pass. — **18–0** (pass) · lower
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- Do pass and be re-referred to the Committee on [Appropriations] with recommendation: To Consent Calendar — **10–0** (pass) · lower
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- Placed on suspense file — **6–0** (pass) · upper
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- 3rd Reading SB455 Bradford et al. — **38–0** (pass) · upper
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- SB 455 Bradford Senate Third Reading By Limón — **79–0** (pass) · lower
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- Do pass as amended — **6–0** (pass) · upper
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## Sponsors
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- Bradford — primary (person)
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- Caballero — coauthor (person)
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- Chang — author (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2019-02-21** Introduced. Read first time. To Com. on RLS. for assignment. To print. `introduction, reading-1`
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- **2019-02-22** From printer. May be acted upon on or after March 24.
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- **2019-03-07** Referred to Com. on B. & F.I. `referral-committee`
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- **2019-03-08** Set for hearing April 10.
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- **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`
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- **2019-04-18** Set for hearing April 29.
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- **2019-04-29** April 29 hearing: Placed on APPR. suspense file.
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- **2019-05-10** Set for hearing May 16.
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- **2019-05-17** From committee: Do pass as amended. (Ayes 6. Noes 0. Page 1099.) (May 16). `committee-passage-favorable, committee-passage, amendment-passage`
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- **2019-05-17** Read second time and amended. Ordered to second reading. `amendment-passage, reading-1, reading-2`
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- **2019-05-20** Read second time. Ordered to third reading. `reading-1, reading-2`
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- **2019-05-23** Read third time. Passed. (Ayes 38. Noes 0. Page 1250.) Ordered to the Assembly. `passage, reading-3, reading-1`
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- **2019-05-24** In Assembly. Read first time. Held at Desk. `reading-1`
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- **2019-06-06** Referred to Com. on B. & F. `referral-committee`
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- **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`
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- **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`
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- **2019-08-21** August 21 set for first hearing. Placed on APPR. suspense file.
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- **2019-08-30** From committee: Do pass. (Ayes 18. Noes 0.) (August 30). `committee-passage-favorable, committee-passage`
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- **2019-09-03** Read second time. Ordered to third reading. `reading-1, reading-2`
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- **2019-09-10** Read third time. Passed. (Ayes 79. Noes 0. Page 3320.) Ordered to the Senate. `passage, reading-3, reading-1`
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- **2019-09-10** In Senate. Concurrence in Assembly amendments pending.
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- **2019-09-11** Ordered to special consent calendar.
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- **2019-09-11** Assembly amendments concurred in. (Ayes 40. Noes 0. Page 2868.) Ordered to engrossing and enrolling. `amendment-passage, committee-passage-favorable`
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- **2019-09-19** Enrolled and presented to the Governor at 3 p.m.
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- **2019-10-02** Approved by the Governor. `executive-signature`
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- **2019-10-02** Chaptered by Secretary of State. Chapter 478, Statutes of 2019.
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/a64704f4-14ab-4072-9ed3-9037ea708f27`. Confidence: reported (aggregated from official California legislature records).
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