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type, title, description, jurisdiction, legislature, session, identifier, citation, classification, subjects, status, primary_sponsors, version_count, action_count, vote_count, first_action, last_action, source, source_identifier, source_url, source_hash, vintage, source_snapshot, retrieved_at, confidence, tags
type title description jurisdiction legislature session identifier citation classification subjects status primary_sponsors version_count action_count vote_count first_action last_action source source_identifier source_url source_hash vintage source_snapshot retrieved_at confidence tags
Bill Financial institutions: Department of Financial Protection and Innovation: money transmissions. (1) Previously existing law established the Department of Business Oversight in the Business, Consumer Services, and Housing Agency, headed by the Commissioner of Business Oversight. Under previous existing law, the department had the charge of the execution of specified laws relating to various financial institutions and financial services, including banks, trust companies, credit unions, finance lenders, and residential mortgage lenders. On September 25, 2020, the Governor approved AB 1864, which, among other things, renamed the "Department of Business Oversight" as the "Department of Financial Protection and Innovation" and the "Commissioner of Business Oversight" as the "Commissioner of Financial Protection and Innovation." us/states/ca California Legislature 20212022 SB 1498 California SB 1498 (20212022)
bill
Financial institutions: Department of Financial Protection and Innovation: money transmissions.
enacted
Committee on Banking and Financial Institutions
5 26 6 2022-03-21 2022-09-19 openstates ocd-bill/027a6ea3-bd56-4771-9e13-67a75b8d9ba4 http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202120220SB1498 f85f2fe12d4631bde22452229769cde48e2a7337636d12817b20405081ebd111 2026-07-01 https://data.openstates.org/daily/2026-07-01/public.pgdump 2026-07-06 reported
legislation
bill
us-ca

California SB 1498 (20212022) — Financial institutions: Department of Financial Protection and Innovation: money transmissions.

(1) Previously existing law established the Department of Business Oversight in the Business, Consumer Services, and Housing Agency, headed by the Commissioner of Business Oversight. Under previous existing law, the department had the charge of the execution of specified laws relating to various financial institutions and financial services, including banks, trust companies, credit unions, finance lenders, and residential mortgage lenders. On September 25, 2020, the Governor approved AB 1864, which, among other things, renamed the "Department of Business Oversight" as the "Department of Financial Protection and Innovation" and the "Commissioner of Business Oversight" as the "Commissioner of Financial Protection and Innovation."

Version chain

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

  1. 03/21/22 - Introduced (filed) — source
  2. 08/18/22 - Amended Assembly (committee substitute) — source
  3. 09/19/22 - Chaptered (committee substitute) — source
  4. SB1498 (committee substitute) — source
  5. 09/06/22 - Enrolled (enrolled) — source

Votes

  • SB 1498 B. & F.I. Senate Third Reading By GRAYSON — 770 (pass) · lower
  • Do pass and be re-referred to the Committee on [Appropriations] with recommendation: To Consent Calendar — 100 (pass) · lower
  • Special Consent SB1498 B. & F.I. — 380 (pass) · upper
  • Do pass, but first be re-referred to the Committee on [Appropriations] with the recommendation: To Consent Calendar — 80 (pass) · upper
  • Do pass. To Consent Calendar. — 140 (pass) · lower
  • Consent Calendar SB1498 B. & F.I. — 330 (pass) · upper

Sponsors

  • Committee on Banking and Financial Institutions — primary (person)

Timeline

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

  • 2022-03-21 Introduced. Read first time. To Com. on RLS. for assignment. To print. introduction, reading-1
  • 2022-03-21 Article IV Section 8(a) of the Constitution and Joint Rule 55 dispensed with February 7, 2022, suspending the 30 calendar day requirement.
  • 2022-03-22 From printer.
  • 2022-03-30 Referred to Com. on B. & F.I. referral-committee
  • 2022-04-04 Set for hearing April 20.
  • 2022-04-20 From committee: Do pass and re-refer to Com. on APPR with recommendation: To consent calendar. (Ayes 8. Noes 0. Page 3457.) (April 20). Re-referred to Com. on APPR. committee-passage, committee-passage-favorable, referral-committee
  • 2022-04-22 Set for hearing May 2.
  • 2022-05-02 From committee: Be ordered to second reading pursuant to Senate Rule 28.8 and ordered to consent calendar. committee-passage, reading-2
  • 2022-05-03 Read second time. Ordered to consent calendar. reading-1, reading-2
  • 2022-05-09 Read third time. Passed. (Ayes 33. Noes 0. Page 3648.) Ordered to the Assembly. passage, reading-1, reading-3
  • 2022-05-09 In Assembly. Read first time. Held at Desk. reading-1
  • 2022-05-19 Referred to Com. on B. & F. referral-committee
  • 2022-06-21 From committee: Do pass and re-refer to Com. on APPR. with recommendation: To consent calendar. (Ayes 10. Noes 0.) (June 20). Re-referred to Com. on APPR. committee-passage, committee-passage-favorable, referral-committee
  • 2022-06-29 From committee: Do pass. Ordered to consent calendar. (Ayes 14. Noes 0.) (June 29). committee-passage, committee-passage-favorable
  • 2022-06-30 Read second time. Ordered to consent calendar. reading-1, reading-2
  • 2022-08-04 From consent calendar on motion of Assembly Member Grayson.
  • 2022-08-04 Ordered to third reading.
  • 2022-08-18 Read third time and amended. amendment-passage, reading-1, reading-3
  • 2022-08-18 Ordered to third reading.
  • 2022-08-23 Read third time. Passed. Ordered to the Senate. passage, reading-1, reading-3
  • 2022-08-24 In Senate. Concurrence in Assembly amendments pending.
  • 2022-08-30 Ordered to special consent calendar.
  • 2022-08-30 Assembly amendments concurred in. (Ayes 38. Noes 0. Page 5344.) Ordered to engrossing and enrolling. amendment-passage, committee-passage-favorable
  • 2022-09-09 Enrolled and presented to the Governor at 3 p.m.
  • 2022-09-19 Approved by the Governor. executive-signature
  • 2022-09-19 Chaptered by Secretary of State. Chapter 452, Statutes of 2022. became-law

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/027a6ea3-bd56-4771-9e13-67a75b8d9ba4. Confidence: reported (aggregated from official California legislature records).