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California bills · 2025-2026 Regular Session

California AB 2243

State Bank Act.

  1. Introduced
  2. In committee
  3. Passed House
  4. Passed Senate
  5. To Governor
  6. Became law

Sponsors

Cosponsors (3)

Summary

Official abstract published by the California legislature· summary

The Bergeson-Peace Infrastructure and Economic Development Bank Act creates within the Governor's Office of Business and Economic Development the Infrastructure and Economic Development Bank and requires it to administer the act, which, among other things, provides for the financing of certain economic development projects. This bill, the State Bank Act, would create in state government the State Bank Commission and provide for its membership, as prescribed. This bill would require, on or before June 1, 2028, the commission to develop a state bank plan that addresses various items with respect to creating a state bank, including a state guarantee of public deposits, including those held by public banks. The bill would require, on or before January 1, 2028, the commission to hold at least 2 public hearings to solicit input on the state bank plan from members of the public and, by July 1, 2028, vote whether to adopt the state bank plan. The bill would require, if the commission adopts by a majority vote the state bank plan, the commission to publish the state bank plan and the fact of its adoption on its internet website.

Text versions

Roll-call votes

State vote data last updated Oct 15, 2026, 8:04 PM.

DateVoteResultYour legislators
Apr 23, 2026
House
Do pass and be re-referred to the Committee on [Appropriations]passSet your home in California to see
Apr 14, 2026
House
Do pass and be re-referred to the Committee on [Banking and Finance]passSet your home in California to see

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