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Bill

AB 2795

Financial regulation.

2025-2026 Regular Session

The bill aims to expand California financial regulation by authorizing stronger oversight, updating enforcement and reporting rules, and enhancing protections for consumers and mar

From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on B. & F.I.
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WeVote Research Nonpartisan
Bill Summary · AB 2795

Overview

AB 2795 is a California bill in the 2025-2026 session focused on financial regulation. The bill’s journey through committee and floor action indicates it is moving toward broader statutory changes in California’s financial regulatory framework. This summary outlines the bill’s stated purpose, key provisions, who is affected, and notable procedural timeline details based on the provided action history.

Purpose and intent

  • The bill seeks to modify or expand California’s financial regulation framework. While the exact statutory language is not provided here, the successive committee referrals and amendments suggest emphasis on regulatory oversight, compliance, and consumer/market protections within the financial sector.
  • The bill appears to be designed to enhance regulatory authority, update existing statutes, and address contemporary financial industry practices.

Key provisions and changes (as indicated by actions)

  • Amendments and re-references indicate refined provisions through multiple rounds of amendments by the author and committee input.
  • The bill has undergone:
    • Re-referrals to budget and fiscal oversight committees (e.g., B. & F.I. – Budget, Finance, and Institutions) and Assembly committees
    • Amendments at multiple stages, implying changes to definitions, scope, enforcement mechanisms, or funding.
    • Passage out of committee with “Do pass” recommendations and subsequent re-referals for fiscal or administrative review.
  • The exact text of provisions is not provided in your excerpt; the procedural trajectory suggests potential updates to:
    • Regulatory authority or duties of a state financial regulator
    • Consumer protections related to financial services or products
    • Reporting, auditing, or compliance requirements for financial entities
    • Administrative penalties, enforcement, or rulemaking processes
  • The bill has a fiscal or administrative impact component likely given the committee references (B. & F.I. and APPR).

Who would be affected

  • Financial regulatory bodies within California (e.g., the state department or commission responsible for financial regulation) would see changes in authority, procedures, or funding.
  • Financial institutions, including banks, credit unions, investment firms, and other licensed financial services providers operating in California, may face new or updated compliance requirements, reporting obligations, and possible penalties for non-compliance.
  • Consumers and investors could gain enhanced protections or clearer disclosures, depending on the final provisions.
  • State government agencies responsible for budget and policy oversight would engage with the bill’s fiscal implications.

Procedural and timeline aspects

  • March 19, 2026: Introduced to the Assembly and printed; first reading.
  • March 23, 2026: Referred to the Committee on Banking and Financial Institutions (B. & F.I.).
  • April 16, 2026: Amendment by the author, re-referred to B. & F.I. after second reading.
  • April 20, 2026: Re-referred to B. & F.I. (continuity in committee jurisdiction).
  • April 23, 2026: Do pass by committee with a recommendation to re-refer to Assembly Policy (APPR); sent to the Consent Calendar.
  • May 13, 2026: Do pass by the committee and placed on the Consent Calendar.
  • May 14, 2026: Senate reading and referral to the Rules of the Senate (RLS) for assignment.
  • May 21, 2026: Passed the Senate floor (Read third time on May 21; Ayes 68, Noes 0); ordered to the Governor or next stage.
  • June 3, 2026: Referred to the Assembly Committee on Banking and Financial Institutions (B. & F.I.) in the current legislative step.
  • June 9, 2026: From committee chair, with author’s amendments: amended, and re-referred to the Committee on Banking and Financial Institutions; second reading, amended, and re-referred to B. & F.I.

Practical considerations

  • If enacted, organizations should monitor the final text for changes to regulatory authority, compliance timelines, and any new reporting requirements.
  • Businesses should prepare for potential administrative costs related to compliance, training, and possible changes in enforcement procedures.
  • Stakeholders may want to assess how the bill aligns with existing California statutes and any potential overlaps or conflicts with federal regulation.

Note: The summary reflects the bill’s procedural history and likely directions based on committee actions and amendments. For precise provisions, text from the final amended bill would be required.

Compiled from official sources — confirm details with the bill’s official record.

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