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---
type: "Bill"
title: "State funds: investments."
description: "Existing law requires the Treasurer to invest, or deposit in banks and savings and loan associations, specified state moneys designated as surplus and determined to be available for that purpose by the Pooled Money Investment Board. Existing law prescribes eligible securities for the investment of surplus moneys under these provisions."
jurisdiction: "us/states/ca"
legislature: "California Legislature"
session: "20212022"
identifier: "AB 2332"
citation: "California AB 2332 (20212022)"
classification: ["bill"]
subjects: ["State funds: investments."]
status: "enacted"
primary_sponsors: ["Committee on Banking and Finance"]
version_count: 5
action_count: 19
vote_count: 5
first_action: "2022-02-16"
last_action: "2022-07-19"
source: "openstates"
source_identifier: "ocd-bill/576f1648-b623-4f3d-8642-804a25e39205"
source_url: "http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202120220AB2332"
source_hash: "235ed9b76d13033d2fc8522b4b9dabb27ec98378c82b34eb1d1fd6562e4efe4f"
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 2332 (20212022) — State funds: investments.
Existing law requires the Treasurer to invest, or deposit in banks and savings and loan associations, specified state moneys designated as surplus and determined to be available for that purpose by the Pooled Money Investment Board. Existing law prescribes eligible securities for the investment of surplus moneys under these provisions.
## Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
1. **02/16/22 - Introduced** (filed) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202120220AB2332&version=20210AB233299INT)
2. **03/21/22 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202120220AB2332&version=20210AB233298AMD)
3. **07/19/22 - Chaptered** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202120220AB2332&version=20210AB233296CHP)
4. **AB2332** (committee substitute) — [source](http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202120220AB2332)
5. **07/01/22 - Enrolled** (enrolled) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202120220AB2332&version=20210AB233297ENR)
## Votes
- Do pass and be re-referred to the Committee on [Appropriations] with recommendation: To Consent Calendar — **100** (pass) · lower
- Do pass, but first be re-referred to the Committee on [Appropriations] with the recommendation: To Consent Calendar — **140** (pass) · upper
- Consent Calendar AB2332 B. & F. — **370** (pass) · upper
- Do pass. To Consent Calendar. — **130** (pass) · lower
- AB 2332 B. & F. Consent Calendar Second Day — **680** (pass) · lower
## Sponsors
- Committee on Banking and Finance — primary (person)
## Timeline
The legislative action history — every referral, reading, and vote.
- **2022-02-16** Read first time. To print. `reading-1`
- **2022-02-17** From printer. May be heard in committee March 19.
- **2022-03-03** Referred to Com. on B. & F. `referral-committee`
- **2022-03-21** 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`
- **2022-03-22** 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 Com. on G.O. `referral-committee`
- **2022-06-15** From committee: Do pass and re-refer to Com. on APPR with recommendation: To Consent Calendar. (Ayes 14. Noes 0.) (June 14). Re-referred to Com. on APPR. `committee-passage, committee-passage-favorable, referral-committee`
- **2022-06-27** From committee: Be ordered to second reading file pursuant to Senate Rule 28.8 and ordered to Consent Calendar. `committee-passage, reading-2`
- **2022-06-28** Read second time. Ordered to Consent Calendar. `reading-1, reading-2`
- **2022-06-30** Read third time. Passed. Ordered to the Assembly. (Ayes 37. Noes 0. Page 4575.). `passage, reading-1, reading-3`
- **2022-06-30** In Assembly. Ordered to Engrossing and Enrolling. `committee-passage`
- **2022-07-11** Enrolled and presented to the Governor at 11:30 a.m.
- **2022-07-19** Approved by the Governor. `executive-signature`
- **2022-07-19** Chaptered by Secretary of State - Chapter 126, 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/576f1648-b623-4f3d-8642-804a25e39205`. Confidence: reported (aggregated from official California legislature records).