Type of Measure |
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Inactive Bill - Vetoed |
Majority Vote Required |
Non-Appropriation |
Non-Fiscal Committee |
Non-State-Mandated Local Program |
Non-Urgency |
Non-Tax levy |
Last 5 History Actions | |
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Date | Action |
09/22/24 | Vetoed by Governor. |
09/11/24 | Enrolled and presented to the Governor at 4 p.m. |
08/30/24 | In Assembly. Ordered to Engrossing and Enrolling. |
08/30/24 | Read third time. Passed. Ordered to the Assembly. (Ayes 34. Noes 3.). |
06/27/24 | Read second time. Ordered to third reading. |
Governor's Message |
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To the Members of the California State Assembly: I am returning Assembly Bill 2677 without my signature. This bill would cap the aggregate liability of an insurer that issues a surety bond to the amount of the bond. While I appreciate the author's attempt to reduce the cost of bonds for licensees, California law offers numerous avenues for insurers to limit their liability for attorney fees when faced with meritorious claims. I am concerned that this bill's limitation of attorney fees could have the unintended consequence of preventing all but the most affluent consumers from being able to seek redress if they are harmed. For this reason, I cannot sign this bill. Sincerely, Gavin Newsom |