Inventory of the California State Assembly Banking and Finance Committee Records

Processed by Ron Cascella

California State Archives

1020 "O" Street

Sacramento, California 95814

Phone: (916) 653-2246

Fax: (916) 653-7363

Email: ArchivesWeb@sos.ca.gov

URL: http://www.sos.ca.gov/archives/

Inventory of the California State Assembly Banking and Finance Committee Records

Collection number: LP397

California State Archives

Office of the Secretary of State

Sacramento, California

Processed by:: Ron Cascella
Date Completed:: June 2009
Encoded by:: Michelle Wallen

Descriptive Summary

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

Administrative Information

Access

While the majority of the records are open for research, any access restrictions are noted in the record series descriptions.

Publication Rights

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.

Preferred Citation

[Identification of item], Assembly Banking and Finance Committee Records, LP397:[folder number], California State Archives, Office of the Secretary of State, Sacramento, California.

Acquisition History

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.

Committee History

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

Scope and Content

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).

Arrangement

The Assembly Banking and Finance Committee Records are arranged into three series.

Indexing Terms

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

LP397:1-359

Series 1 Bill Files 1991-2008

Physical Description: 359 file folders

Arrangement

Arranged chronologically by legislative session, then numerically by bill number.

Scope and Content Note

Most bill files include all or some of the following items: bill analyses, amendments and resolutions, author's statements, testimony, press releases, newspaper clippings, correspondence, roll calls, records of votes, and committee statements. Of particular interest are those bills relating to taxation of credit unions, consumer identity theft protection, purchase of California financial institutions by foreign entities, deferred deposit transactions, protection of personal information, and real estate investigations.

Assembly Banking, Finance and Bonded Indebtedness Committee, 1991-1992

1991-1992: AB24-AB1813 (30ff) LP397:1-30

Assembly Banking and Finance Committee, 1994-2008

1993-1994: AB212-AB3605 (26ff) LP397:31-56

1993-1994: SB115-SB2052 (16ff) LP397:57-72

1995-1996: AB393-AB3366 (26ff) LP397:73-98

1995-1996: SB186-SB2050; SJR39 (19ff) LP397:99-111

1997-1998: AB46-AB2807; ACR27; HR43 (28ff) LP397:112-139

1997-1998: SB31-SB2189; SJR43 (15ff) LP397:140-154

1999-2000: AB143-AB2869; ACR2 (40ff) LP397:155-194

1999-2000: SB248-SB2166 (12ff) LP397:195-206

2001-2002: AB21-AB2969 (32ff) LP397:207-238

2001-2002: SB28-SB2081 (15ff) LP397:239-253

2003-2004: AB3-AB3070; AJR79 (29ff) LP397:254-282

2003-2004: SB1-SB1916; SJR20 (13ff) LP397:283-295

2005-2006: AB175-AB2969; ACR31 (23ff) LP397:296-318

2005-2006: SB119-SB1744 (10ff) LP397:319-328

2007-2008: AB69-AB3045; AJR17-AJR59 (23ff) LP397:329-351

2007-2008: SB328-SB1678; SJR21 (8ff) LP397:352-359

LP397:360-427

Series 2 Hearing Files 1995-2004

Physical Description: 68 file folders

Arrangement

Arranged chronologically by date of hearing.

Access Information

Access to audiovisual material requires the production of use copies.

Scope and Content Note

Hearing files may consist of agendas, transcripts, audio discs/cassettes, video discs/cassettes, and background information for regular session hearings, as well as interim hearings and select joint hearings. Audiovisual materials have been separated into a cold storage vault for preservation purposes. Separation sheets within the hearing files will alert the researcher to the existence of such material.

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). In addition to the routine hearing of bills, researchers may also be interested in other hearing file topics, which include identity theft, ATM and bank fees, federal preemption, and credit reporting.

For a list of hearing dates and topics, see Appendix A in in Additional Series Information.

Additional Series Information

Appendix A: List of Hearing Files

LP397:428

Series 3 Correspondence File 2003

Physical Description: 1 file folder

Arrangement

Arranged chronologically.

Scope and Content Note

The correspondence file consists of letters written or received by committee chair Patricia Wiggins in 2003. The letters are mostly congratulations to other members of the committee on their appointment, requests to the speaker for changes of committee meeting date/place, consultant reports about pending legislation, responses to citizen letters, and other letters of an administrative nature.