republic-os/legislation/us/states/ca/20212022/ab-2433.md

---
type: "Bill"
title: "Department of Financial Protection and Innovation: unlawful practices."
description: "(1) Existing law establishes the Department of Financial Protection and Innovation in the Business, Consumer Services, and Housing Agency, headed by the Commissioner of Financial Protection and Innovation. Under existing law, the commissioner and the department are charged with oversight and enforcement of various laws, including the Corporate Securities Law of 1968. That law authorizes the commissioner, after examination and investigation, the commissioner has reasonable grounds to believe that a broker-dealer or investment advisor has violated a law or rule, to direct by written order the discontinuance of the violation."
jurisdiction: "us/states/ca"
legislature: "California Legislature"
session: "20212022"
identifier: "AB 2433"
citation: "California AB 2433 (20212022)"
classification: ["bill"]
subjects: ["Department of Financial Protection and Innovation: unlawful practices."]
status: "enacted"
primary_sponsors: ["Grayson"]
version_count: 5
action_count: 20
vote_count: 6
first_action: "2022-02-17"
last_action: "2022-08-26"
source: "openstates"
source_identifier: "ocd-bill/cb51df92-68b7-4e0b-8a75-2e8870f03456"
source_url: "http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202120220AB2433"
source_hash: "9592fbeb8103d500e17a546813584fc9d98e6867ef83b7bae4b09571510d25c3"
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 AB 2433 (20212022) — Department of Financial Protection and Innovation: unlawful practices.

(1) Existing law establishes the Department of Financial Protection and Innovation in the Business, Consumer Services, and Housing Agency, headed by the Commissioner of Financial Protection and Innovation. Under existing law, the commissioner and the department are charged with oversight and enforcement of various laws, including the Corporate Securities Law of 1968. That law authorizes the commissioner, after examination and investigation, the commissioner has reasonable grounds to believe that a broker-dealer or investment advisor has violated a law or rule, to direct by written order the discontinuance of the violation.

## Version chain

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

1. **02/17/22 - Introduced** (filed) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202120220AB2433&version=20210AB243399INT)
2. **03/11/22 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202120220AB2433&version=20210AB243398AMD)
3. **08/26/22 - Chaptered** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202120220AB2433&version=20210AB243396CHP)
4. **AB2433** (committee substitute) — [source](http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202120220AB2433)
5. **08/09/22 - Enrolled** (enrolled) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202120220AB2433&version=20210AB243397ENR)

## Votes

- Do pass and be re-referred to the Committee on [Appropriations] with recommendation: To Consent Calendar — **10–0** (pass) · lower
- Do pass, but first be re-referred to the Committee on [Appropriations] with the recommendation: To Consent Calendar — **11–0** (pass) · upper
- Consent Calendar AB2433 — **36–0** (pass) · upper
- Do pass. To Consent Calendar. — **13–0** (pass) · lower
- AB 2433 Grayson Consent Calendar Second Day — **68–0** (pass) · lower
- Do pass, but first be re-referred to the Committee on [Judiciary] with the recommendation: To Consent Calendar — **9–0** (pass) · upper

## Sponsors

- Grayson — primary (person)

## Timeline

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

- **2022-02-17** Read first time. To print. `reading-1`
- **2022-02-18** From printer. May be heard in committee March 20.
- **2022-03-03** Referred to Com. on B. & F. `referral-committee`
- **2022-03-11** From committee chair, with author's amendments: Amend, and re-refer to Com. on B. & F. Read second time and amended. `amendment-introduction, amendment-passage, reading-1, reading-2`
- **2022-03-15** Re-referred to Com. on B. & F. `referral-committee`
- **2022-03-29** From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 10. Noes 0.) (March 28). Re-referred to Com. on APPR. `committee-passage, committee-passage-favorable, referral-committee`
- **2022-04-06** From committee: Do pass. To Consent Calendar. (Ayes 13. Noes 0.) (April 6). `committee-passage, committee-passage-favorable`
- **2022-04-07** Read second time. Ordered to Consent Calendar. `reading-1, reading-2`
- **2022-04-21** Read third time. Passed. Ordered to the Senate. (Ayes 68. Noes 0. Page 4371.) `passage, reading-1, reading-3`
- **2022-04-21** In Senate. Read first time. To Com. on RLS. for assignment. `reading-1`
- **2022-05-04** Referred to Coms. on B. & F.I. and JUD. `referral-committee`
- **2022-06-15** From committee: Do pass and re-refer to Com. on JUD. with recommendation: To Consent Calendar. (Ayes 9. Noes 0.) (June 15). Re-referred to Com. on JUD. `committee-passage, committee-passage-favorable, referral-committee`
- **2022-06-22** From committee: Do pass and re-refer to Com. on APPR with recommendation: To Consent Calendar. (Ayes 11. Noes 0.) (June 21). Re-referred to Com. on APPR. `committee-passage, committee-passage-favorable, referral-committee`
- **2022-08-01** From committee: Be ordered to second reading file pursuant to Senate Rule 28.8 and ordered to Consent Calendar. `committee-passage, reading-2`
- **2022-08-02** Read second time. Ordered to Consent Calendar. `reading-1, reading-2`
- **2022-08-08** Read third time. Passed. Ordered to the Assembly. (Ayes 36. Noes 0. Page 4682.). `passage, reading-1, reading-3`
- **2022-08-08** In Assembly. Ordered to Engrossing and Enrolling. `committee-passage`
- **2022-08-16** Enrolled and presented to the Governor at 4 p.m.
- **2022-08-26** Approved by the Governor. `executive-signature`
- **2022-08-26** Chaptered by Secretary of State - Chapter 188, Statutes of 2022. `became-law`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/cb51df92-68b7-4e0b-8a75-2e8870f03456`. Confidence: reported (aggregated from official California legislature records).