Fabio
93 lines
6.1 KiB
Markdown
93 lines
6.1 KiB
Markdown
---
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type: "Bill"
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title: "Banks and credit unions: savings promotions."
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description: "The Banking Law provides for the regulation of banks by the Commissioner of Business Oversight, and the California Credit Union Law provides for the regulation of credit unions by the commissioner. Except as specified, the California Constitution prohibits the Legislature from authorizing lotteries in California. Existing statutory law, subject to specified exceptions, makes it a crime for a person to contrive, prepare, set up, propose, or draw any lottery, whether it is called a lottery, raffle, gift enterprise, or other name."
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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: "SB 1055"
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citation: "California SB 1055 (20172018)"
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classification: ["bill"]
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subjects: ["Banks and credit unions: savings promotions."]
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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: 27
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vote_count: 5
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first_action: "2018-02-12"
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last_action: "2018-09-27"
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source: "openstates"
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source_identifier: "ocd-bill/eacf1787-4885-40ab-90e2-4bccd8567692"
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source_url: "http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201720180SB1055"
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source_hash: "f9a285c4b219ba1277933314cc4bb22e3119bf9d70ba22e1bc98fdb3dd0a15e9"
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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 1055 (20172018) — Banks and credit unions: savings promotions.
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The Banking Law provides for the regulation of banks by the Commissioner of Business Oversight, and the California Credit Union Law provides for the regulation of credit unions by the commissioner. Except as specified, the California Constitution prohibits the Legislature from authorizing lotteries in California. Existing statutory law, subject to specified exceptions, makes it a crime for a person to contrive, prepare, set up, propose, or draw any lottery, whether it is called a lottery, raffle, gift enterprise, or other name.
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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. **02/12/18 - Introduced** (filed) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201720180SB1055&version=20170SB105599INT)
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2. **06/18/18 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201720180SB1055&version=20170SB105598AMD)
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3. **08/09/18 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201720180SB1055&version=20170SB105597AMD)
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4. **09/27/18 - Chaptered** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201720180SB1055&version=20170SB105595CHP)
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5. **SB1055** (committee substitute) — [source](http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201720180SB1055)
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6. **08/31/18 - Enrolled** (enrolled) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201720180SB1055&version=20170SB105596ENR)
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## Votes
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- Do pass and be ordered to the Consent Calendar — **7–0** (pass) · upper
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- SB 1055 Bradford Senate Third Reading By LIMÓN — **77–0** (pass) · lower
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- Unfinished Business SB1055 Bradford Concurrence — **39–0** (pass) · upper
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- Consent Calendar — **36–0** (pass) · upper
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- Do pass. To Consent Calendar. — **10–0** (pass) · lower
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## Sponsors
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- Bradford — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2018-02-12** Introduced. Read first time. To Com. on RLS. for assignment. To print. `introduction, reading-1`
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- **2018-02-13** From printer. May be acted upon on or after March 15.
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- **2018-02-22** Referred to Com. on I., B. & F.I. `referral-committee`
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- **2018-03-15** Withdrawn from committee.
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- **2018-03-15** Re-referred to Com. on RLS. `referral-committee`
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- **2018-03-15** Re-referred to Com. on B. & F.I. `referral-committee`
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- **2018-03-21** Set for hearing April 18.
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- **2018-04-19** From committee: Do pass. Ordered to consent calendar. (Ayes 7. Noes 0. Page 4745.) (April 18). `committee-passage-favorable, committee-passage`
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- **2018-04-23** Read second time. Ordered to consent calendar. `reading-2, reading-1`
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- **2018-04-30** Read third time. Passed. (Ayes 36. Noes 0. Page 4879.) Ordered to the Assembly. `reading-3, passage, reading-1`
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- **2018-04-30** In Assembly. Read first time. Held at Desk. `reading-1`
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- **2018-05-07** Referred to Com. on B. & F. `referral-committee`
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- **2018-06-06** June 11 hearing postponed by committee.
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- **2018-06-18** From committee with author's amendments. Read second time and amended. Re-referred to Com. on B. & F. `reading-2, referral-committee, amendment-passage, committee-passage, reading-1`
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- **2018-06-18** June 18 hearing postponed by committee.
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- **2018-06-26** From committee: Do pass. Ordered to consent calendar. (Ayes 10. Noes 0.) (June 25). `committee-passage-favorable, committee-passage`
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- **2018-06-27** Read second time. Ordered to consent calendar. `reading-2, reading-1`
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- **2018-06-28** From consent calendar on motion of Assembly Member Calderon.
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- **2018-06-28** Ordered to third reading.
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- **2018-08-09** Read third time and amended. `amendment-passage, reading-3, reading-1`
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- **2018-08-09** Ordered to third reading.
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- **2018-08-16** Read third time. Passed. (Ayes 77. Noes 0. Page 6303.) Ordered to the Senate. `reading-3, passage, reading-1`
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- **2018-08-16** In Senate. Concurrence in Assembly amendments pending.
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- **2018-08-28** Assembly amendments concurred in. (Ayes 39. Noes 0. Page 5835.) Ordered to engrossing and enrolling. `committee-passage-favorable, amendment-passage`
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- **2018-09-05** Enrolled and presented to the Governor at 3:30 p.m.
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- **2018-09-27** Approved by the Governor. `executive-signature`
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- **2018-09-27** Chaptered by Secretary of State. Chapter 847, 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/eacf1787-4885-40ab-90e2-4bccd8567692`. Confidence: reported (aggregated from official California legislature records).
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