Fabio
91 lines
6.8 KiB
Markdown
91 lines
6.8 KiB
Markdown
---
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type: "Bill"
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title: "Credit unions: investments and exemptions."
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description: "(1) The California Credit Union Law provides for the regulation of credit unions by the Commissioner of Business Oversight. This law permits a credit union to make certain investments, including, among others, investing in securities and other specified assets and investments authorized by the commissioner. Under existing law, except as otherwise provided, a willful or knowing violation of this law is a crime."
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jurisdiction: "us/states/ca"
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legislature: "California Legislature"
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session: "20172018"
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identifier: "AB 2862"
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citation: "California AB 2862 (20172018)"
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classification: ["bill"]
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subjects: ["Credit unions: investments and exemptions."]
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status: "enacted"
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primary_sponsors: ["Limón"]
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version_count: 7
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action_count: 23
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vote_count: 6
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first_action: "2018-02-16"
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last_action: "2018-09-05"
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source: "openstates"
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source_identifier: "ocd-bill/347d4e2c-a14e-498d-b335-98392513d620"
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source_url: "http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201720180AB2862"
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source_hash: "3a3d44cbcb284e26427b618d453bd7a86cb58819e7a4ce80fc00f36470dbd3e4"
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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 AB 2862 (20172018) — Credit unions: investments and exemptions.
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(1) The California Credit Union Law provides for the regulation of credit unions by the Commissioner of Business Oversight. This law permits a credit union to make certain investments, including, among others, investing in securities and other specified assets and investments authorized by the commissioner. Under existing law, except as otherwise provided, a willful or knowing violation of this law is a crime.
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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. **02/16/18 - Introduced** (filed) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201720180AB2862&version=20170AB286299INT)
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2. **03/12/18 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201720180AB2862&version=20170AB286298AMD)
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3. **06/11/18 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201720180AB2862&version=20170AB286297AMD)
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4. **08/06/18 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201720180AB2862&version=20170AB286296AMD)
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5. **09/05/18 - Chaptered** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201720180AB2862&version=20170AB286294CHP)
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6. **AB2862** (committee substitute) — [source](http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201720180AB2862)
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7. **08/24/18 - Enrolled** (enrolled) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201720180AB2862&version=20170AB286295ENR)
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## Votes
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- Do pass. To Consent Calendar. — **15–0** (pass) · lower
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- Do pass, but first be re-referred to the Committee on [Appropriations] with the recommendation: To Consent Calendar — **7–0** (pass) · upper
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- AB 2862 LIMÓN Consent Calendar Second Day — **71–0** (pass) · lower
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- AB 2862 LIMÓN Concurrence in Senate Amendments — **79–0** (pass) · lower
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- Do pass and be re-referred to the Committee on [Appropriations] with recommendation: To Consent Calendar — **11–0** (pass) · lower
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- Consent Calendar AB2862 — **37–0** (pass) · upper
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## Sponsors
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- Limón — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2018-02-16** Read first time. To print. `reading-1`
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- **2018-02-17** From printer. May be heard in committee March 19.
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- **2018-03-08** Referred to Com. on B. & F. `referral-committee`
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- **2018-03-12** 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-2, reading-1`
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- **2018-03-13** Re-referred to Com. on B. & F. `referral-committee`
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- **2018-04-03** From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 11. Noes 0.) (April 2). Re-referred to Com. on APPR. `committee-passage-favorable, committee-passage, referral-committee`
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- **2018-04-11** From committee: Do pass. To Consent Calendar. (Ayes 15. Noes 0.) (April 11). `committee-passage-favorable, committee-passage`
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- **2018-04-12** Read second time. Ordered to Consent Calendar. `reading-2, reading-1`
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- **2018-04-19** Read third time. Passed. Ordered to the Senate. (Ayes 71. Noes 0. Page 4791.) `reading-3, passage, reading-1`
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- **2018-04-19** In Senate. Read first time. To Com. on RLS. for assignment. `reading-1`
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- **2018-05-03** Referred to Com. on B. & F.I. `referral-committee`
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- **2018-05-30** In committee: Hearing postponed by committee.
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- **2018-06-11** From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on B. & F.I. `amendment-passage, referral-committee, reading-2, reading-1, amendment-introduction`
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- **2018-06-21** From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 7. Noes 0.) (June 20). Re-referred to Com. on APPR. `committee-passage-favorable, committee-passage, referral-committee`
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- **2018-08-06** From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on APPR. `amendment-passage, referral-committee, reading-2, reading-1, amendment-introduction`
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- **2018-08-06** From committee: Be ordered to second reading file pursuant to Senate Rule 28.8 and ordered to Consent Calendar. `committee-passage, reading-2`
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- **2018-08-07** Read second time. Ordered to Consent Calendar. `reading-2, reading-1`
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- **2018-08-13** Read third time. Passed. Ordered to the Assembly. (Ayes 37. Noes 0. Page 5281.). `reading-3, passage, reading-1`
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- **2018-08-14** In Assembly. Concurrence in Senate amendments pending. May be considered on or after August 16 pursuant to Assembly Rule 77.
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- **2018-08-23** Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 79. Noes 0. Page 6487.). `committee-passage-favorable, amendment-passage`
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- **2018-08-29** Enrolled and presented to the Governor at 4 p.m.
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- **2018-09-05** Approved by the Governor. `executive-signature`
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- **2018-09-05** Chaptered by Secretary of State - Chapter 267, Statutes of 2018.
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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/347d4e2c-a14e-498d-b335-98392513d620`. Confidence: reported (aggregated from official California legislature records).
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