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AB-1320 Bank on California Program.(2021-2022)

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Date Published: 02/20/2021 04:00 AM
AB1320:v99#DOCUMENT


CALIFORNIA LEGISLATURE— 2021–2022 REGULAR SESSION

Assembly Bill
No. 1320


Introduced by Assembly Member Bauer-Kahan

February 19, 2021


An act to amend Section 80000 of the Financial Code, relating to banking.


LEGISLATIVE COUNSEL'S DIGEST


AB 1320, as introduced, Bauer-Kahan. Bank on California Program.
Existing law establishes, within the Department of Business Oversight, the Bank on California Program as a voluntary collaborative initiative that assists Californians in opening bank or credit union accounts.
This bill would make a nonsubstantive change to the provision establishing the Bank on California Program.
Vote: MAJORITY   Appropriation: NO   Fiscal Committee: NO   Local Program: NO  

The people of the State of California do enact as follows:


SECTION 1.

 Section 80000 of the Financial Code is amended to read:

80000.
 (a) The Legislature finds and declares that “Bank on California” is a voluntary collaborative initiative that assists Californians in opening a bank or credit union account and saving for the future.
(b) There is hereby established within the department the Bank on California Program.