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Inventory of the California State Assembly Banking and Finance Committee Records
LP397
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Title: California State Assembly Banking and Finance Committee records
Dates: 1991-2008
Collection number: LP397
Creator:
Assembly Banking and Finance Committee;
Creator/Collector: Assembly Banking, Finance, and Bonded Indebtedness Committee;
Creator/Collector: Assembly Banking, Finance and Public Investment Committee;
Collection Size:
19 cubic feet
Repository:
California State Archives
Sacramento, California
Abstract: House Resolution 7 created the Assembly Committee on Banking, Finance and Bonded Indebtedness on January 18, 1991. This committee
handles all of the legislation that pertains to the regulation of the banking and finance industry as well as consumer financial
protections.
Physical location: California State Archives
Languages:
Languages represented in the collection:
English
While the majority of the records are open for research, any access restrictions are noted in the record series descriptions.
For permission to reproduce or publish, please contact the California State Archives. Permission for reproduction or publication
is given on behalf of the California State Archives as the owner of the physical items. The researcher assumes all responsibility
for possible infringement which may arise from reproduction or publication of materials from the California State Archives
collections.
[Identification of item], Assembly Banking and Finance Committee Records, LP397:[folder number], California State Archives,
Office of the Secretary of State, Sacramento, California.
The State Archives received these records in accordance with California Government Code 9080(b) which requires legislative
committees to transfer their records to the State Archives when they are no longer needed by the committee.
House Resolution 7 created the Assembly Committee on Banking, Finance and Bonded Indebtedness on January 18, 1991. Prior to
HR 7 the current functions of the committee were joined with the Insurance Committee as the Assembly Finance and Insurance
Committee. For the 1993-1994 session, the committee was formed as the Assembly Banking, Finance, and Public Investment with
House Resolution 13 on March 11, 1993. House Resolution 34 on January 10, 1994 changed the committee to the Assembly Banking
and Finance Committee and created a separate standing committee for insurance. The committee was henceforth known solely as
the Assembly Committee on Banking and Finance. Since 1991 the committee has had as many as 16 members (1993-1994) and as few
as 9 (1999-2000 and 2005-2006). This committee handles all of the legislation that pertains to the regulation of the banking
and finance industry as well as consumer financial protections.
Since the 1991-1992 session, the purpose and responsibilities of the committee have not changed significantly. The committee's
responsibilities include California pollution control financing authority, charitable and cooperative corporate law, consumer
finance and credit reporting, corporate securities law, financial institutions, foreign banking, foreign investment in California
financial institutions, formation of new corporate entities, franchises (except for dispute arbitrations between franchisor
and franchisee), industrial development bonds, insurance finance and lending practices, real property finance, and state investment
practices.
The chairs of this committee, 1991 and forward, were as follows:
Assembly Committee on Banking, Finance and Bonded Indebtedness Committee, 1991-1992
- Peace, Steve, 1991-1992
Assembly Banking, Finance, and Public Investment Committee
- Peace, Steve, 1993-1994
Assembly Banking and Finance Committee, 1994-2008
- Peace, Steve, 1994
- Weggeland, Ted, 1995-1996
- Papan, Louis J., 1997-2002
- Wiggins, Patricia A., 2003-2004
- Calderon, Ronald S., 2005-2006
- Lieu, Ted W., 2007-2008
The Assembly Banking and Finance Committee Records consist of approximately 19 cubic feet of records. The records cover the
years 1991-2008, and are composed of bill files, hearing files, and a correspondence file. It is anticipated that the Archives
will receive further records from the Assembly Banking and Finance Committee as it remains a functional standing committee
in the California State Assembly. Researchers should inquire with the reference archivist about recently received, unprocessed
records of the committee.
The bill files consist of 17 cubic feet of textual records spanning the years 1991-2008. The majority of the bill files pertain
to financial institution fees and taxation, deferred deposit loans, consumer credit reports, identity theft, acquisition of
CA financial institutions by foreign entities, and predatory lending practices.
Of the various topics addressed within the committee bill files, controversial issues such as deferred deposit loans and corporate
tax law as it pertains to credit unions generated a great deal of public comment. The file for AB1226 (2003-2004) contains
many letters, especially from credit union management and members, in opposition of the increased tax burden on credit unions
the passage of the bill would have imposed.
The hearing files consist of approximately 2 cubic feet of textual records, 5 video cassettes, 1 video disc, 14 audio cassettes,
and 3 audio discs. Topics of particular interest are hearing files relating to the merger and acquisition of California financial
institutions by foreign entities and tribal governments (1997-1999), and the hearing on predatory lending practices (2/21/2001).
The Assembly Banking and Finance Committee Records are arranged into three series.
The following terms have been used to index the description of this collection in
the library's online public access catalog.
California. Legislature. Assembly. Banking and Finance Committee
Banks and banking
Corporation law
Finance
Related Collections at the California State Archives
Assembly Finance and Insurance Committee Records
Senate Banking, Commerce, and International Trade Committee Records
Senate Finance, Investment, and International Trade Committee Records
Senate Banking, Finance, and Insurance Committee Records
Steve Peace Papers