The California Senate and Assembly Appropriation committees held their “suspense file” hearings, where the California Credit Union League monitored the fate of more than 1,000 legislative bills that were passed, amended, or held — including important bills that credit unions oppose or support.
The suspense file is for bills reaching a particular financial-cost threshold, which differs slightly between the two houses. This process occurs twice a year, with numerous bills the California Credit Union League has official positions on.
During the hearings, a brief description of bill amendments were read out loud but were not made immediately available. The League will have to wait for a few bills that passed with amendments to understand the full scope of their impact.
Meanwhile, Senate Bill 278 (Dodd) — the elder financial abuse liability bill — was not a part of these hearings as it was tagged as “non-fiscal.” The bill has been amended to include a safe harbor.
“However, there is still a great deal of work needing to be accomplished on Senate Bill 278,” said Robert Wilson, senior vice president of state government affairs for the California and Nevada Credit Union Leagues. “We are still in conversations with the author, but we remain opposed.”
Below are top-priority bills and how they fared this week:
CU-Related Bills That ‘Held’
Bills that were held (they are dead) and supported by the League:
Bills that were held (they are dead) and opposed by the League:
CU-Related Bills That ‘Passed’
Bills that passed and are supported by the League:
Bills that passed and are opposed by the League: