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/
© 2010
California Secretary of State. All rights reserved.

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
© 2006 California Secretary of State. All rights reserved.

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

Collection is open for research.

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 California State Archives acquired the Assembly Banking and Finance Committee records according to state law.

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

Series Description

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.

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.
A chronological list of hearings is available in Appendix A of the master finding aid at the California State Archives.
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.