Senate Banking, Commerce and International Trade Committee Records, 1981-2004

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Summary

Title:
California State Senate Banking, Commerce and International Trade Committee Records
Dates:
1981-2004
Creators:
Senate Banking, Commerce and International Trade Committee, Senate Banking and Commerce Committee, and Senate Finance, Investment and International Trade Committee
Abstract:
The Senate Rules Committee created the Senate Banking and Commerce Committee by passage of Senate Resolution 8 on January 8, 1981 to consider "bills relating to financial institutions and commerce." The Senate Banking, Commerce and International Trade Committee Records consist of 21 cubic feet of textual records and audiotapes. The records cover the years 1981-2004 and are comprised of bill files, hearing files, subject files, correspondence, and Department of Corporations hearing files.
Extent:
21 cubic feet
Language:
Languages represented in the collection: English
Preferred citation:

[Identification of item], Senate Banking, Commerce and International Trade Committee Records, LP[number]:[folder number], California State Archives, Office of the Secretary of State, Sacramento, California.

Background

Scope and content:

The Senate Banking, Commerce and International Trade Committee Records consist of 21 cubic feet of textual records and audiotapes. The records cover the years 1981-2004 and are comprised of bill files, hearing files, subject files, correspondence, and Department of Corporations hearing files. It is anticipated that the Archives will receive further records from the Senate Banking, Finance and Insurance Committee as it remains a functional standing committee in the California State Senate. Researchers should inquire of the reference archivist about recently received, unprocessed records of the committee.

The majority of records consist of bill files that cover the years 1989-2002. Committee hearing files span from 1981-2004 and comprise approximately two cubic feet of the collection. Furthermore, there are subject files from the years 1977-2003 that contain Legislative Counsel and Attorney General Opinions.

Most frequently bills referred to the Senate Banking and Commerce Committee pertain to the regulation of banking institutions, and savings and loan associations. Many files deal with establishing overseas trade offices and the goal of promoting international relations through an open exchange of ideas as well as goods. The above subjects tended to create a modest response, primarily from the industries involved. Numerous files also concern consumer protection issues such as the sale of securities, predatory lending practices, bank and credit card fee disclosure, real estate brokerage, and financial privacy.

Many of the bills considered by the Senate Banking and Commerce Committee drew substantial public interest. Some examples of the more expansive bill files include: transmission of money to foreign countries (SB1461, 1989-1990), the charging and collecting of credit card fees (SB1145, 1993-1994), The Securities Fraud Enforcement Act (AB2465, 1995-1996), creation of the Department of Financial Institutions (AB3351, 1995-1996), child support collection (SB1554, 1997-1998), Financial Privacy Act (SB1372, 1999-2000), consumer protection against predatory lending in residential mortgage loans (SB2128, 1999-2000), creation of the California World Trade Commission (SB1683, 2001-2002), and loans secured by real property (AB489, 2001-2002).

Biographical / historical:

The Senate Rules Committee created the Senate Banking and Commerce Committee by passage of Senate Resolution 8 on January 8, 1981. Initially, the eleven members of the committee considered "bills relating to financial institutions and commerce." On February 11, 1991, with passage of Senate Resolution 11, the committee added "International Trade" both to its name and its oversight. On January 13, 1995, with the adoption of Senate Resolution 10, the committee was reduced to nine members while its scope was increased to include "retail credit interest rates and corporations," necessitating the committee to change its name to Senate Finance, Investment and International Trade. On March 14, 2002, with the passage of Senate Resolution 27, the committee changed its name back to Banking, Commerce and International Trade, though their scope remained the same as before. The researcher should note that because this last name change did not occur until late in the legislative session, many resources for 2001-2002 still refer to the committee as Finance, Investment, and International Trade.

Senator Rose Ann Vuich (Dem.) served as the Committee's first Chairwoman from 1981-1992 and was subsequently followed by Senator Lucy Killea (Ind., 1993-1996), Senator Ken Maddy (Rep., 1997-1998), Senator Tim Leslie (Rep., 1999-2000), Senator Michael Machado (Dem., 2001-2002), and Senator Dean Florez (Dem., 2003-2004). Additionally, the committee formed three subcommittees between 1995 and 2004. The Subcommittee on the Americas was chaired solely by Richard Polanco (Dem.) from 1995 to 2002. The Subcommittee on Asia Trade and Commerce was chaired by Hilda Solis (Dem., 1995-2000), Betty Karnette (Dem., 2001-2002), and Joseph Dunn (Dem., 2003-2004). The Subcommittee on California-European Trade Development was chaired by Tim Leslie (Rep., 1999-2000), Michael Machado (Dem., 2001-2002), and Betty Karnette (Dem., 2003-2004).

Acquisition information:
The California State Archives acquired the Senate Environmental Quality Committee records according to state law.
Physical location:
California State Archives
Rules or conventions:
Finding aid prepared using Describing Archives: a Content Standard

About this collection guide

Collection Guide Author:
Processed by Archives Staff; Kim Mitchell
Date Prepared:
© 2007
Date Encoded:
Machine-readable finding aid created by Kim Mitchell. Machine-readable finding aid derived from MS Word. Date of source: 1 October 2007.

Access and use

Restrictions:

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

Terms of access:

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], Senate Banking, Commerce and International Trade Committee Records, LP[number]:[folder number], California State Archives, Office of the Secretary of State, Sacramento, California.

Location of this collection:
1020 "O" Street
Sacramento, CA 95814, US
Contact:
(916) 653-2246
reference@sos.ca.gov
Website