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California 20252026

AB 2425

Department of Financial Protection and Innovation: budget reports.

Open original source Back to bills
Source: Open States / PluralUpdated 2026-09-12 13:12:55 UTC.

Official record

Measure details

Jurisdiction
California
Session
20252026
Chamber
lower
Classification
bill
Subjects
DepartmentofFinancialProtectionandInnovation, budgetreports
Introduced / first action
2026-02-20 00:00:00

Alternate titles

  • Department of Financial Protection and Innovation: escrow agents: budget reports.

Source-supplied abstracts

Existing law provides for the licensure and regulation of various financial institutions by the Commissioner of Financial Protection and Innovation. Some of those laws require the commissioner to charge and collect specified fees and assessments. This bill would require the commissioner to, on or before March 1, 2027, and annually thereafter, report to the Joint Legislative Budget Committee, the Senate Banking and Financial Institutions Committee, and the Assembly Banking and Finance Committee the projected and actual revenues and expenditures, including the difference between revenues and expenditures, for the immediately preceding fiscal year for various laws enforced by the commissioner, as specified. This bill would require, for each of those laws that authorizes the Department of Financial Protection and Innovation to issue and collect assessments and charges on a pro rata basis to recover the actual costs of administering that law, the department to include in any report pursuant to the bill the method of determining those assessments and charges.

Sponsors

  • Chen (primary), author

Source-supplied history

Actions

  1. Chaptered by Secretary of State - Chapter 141, Statutes of 2026.

    became-law

  2. Approved by the Governor.

    executive-signature

  3. Enrolled and presented to the Governor at 3:30 p.m.

    executive-receipt

  4. In Assembly. Ordered to Engrossing and Enrolling.

    committee-passage

  5. Read third time. Passed. Ordered to the Assembly. (Ayes 39. Noes 0.).

    passage, reading-1, reading-3

  6. Read second time. Ordered to Consent Calendar.

    reading-1, reading-2

  7. From committee: Be ordered to second reading file pursuant to Senate Rule 28.8 and ordered to Consent Calendar.

    committee-passage, reading-1, reading-2

  8. From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 7. Noes 0.) (June 17). Re-referred to Com. on APPR.

    committee-passage, committee-passage-favorable, referral-committee

  9. Referred to Com. on B. & F.I.

    referral-committee

  10. In Senate. Read first time. To Com. on RLS. for assignment.

    reading-1, referral-committee

  11. Read third time. Passed. Ordered to the Senate. (Ayes 77. Noes 0.)

    passage, reading-1, reading-3

  12. Read second time. Ordered to third reading.

    reading-1, reading-2, reading-3

  13. From committee: Do pass. (Ayes 15. Noes 0.) (May 14).

    committee-passage, committee-passage-favorable

  14. In committee: Set, first hearing. Referred to APPR. suspense file.

    referral-committee

  15. From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 9. Noes 0.) (April 23). Re-referred to Com. on APPR.

    committee-passage, committee-passage-favorable, referral-committee

  16. Re-referred to Com. on B. & F.

    referral-committee

  17. 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, committee-passage, reading-1, reading-2, referral-committee

  18. Referred to Com. on B. & F.

    referral-committee

  19. From printer. May be heard in committee March 23.

  20. Read first time. To print.

    reading-1

When supplied by the API

Related measures

No resolvable related measure is supplied.