Inventory of the California State Senate Banking, Commerce and International Trade Committee Records
Processed by Archives Staff; Kim Mitchell
California State Archives
© 2007
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/
California Secretary of State. All rights reserved.
Inventory of the California State Senate Banking, Commerce and International Trade Committee Records
Collection number: See Series Description for LP Numbers
California State ArchivesOffice of the Secretary of State
Sacramento, California
- Processed by:
- Archives Staff; Kim Mitchell
- Date Completed:
- October 1, 2007
- Encoded by:
- Jessica Knox
© 2007 California Secretary of State. All rights reserved.
Title: California State Senate Banking, Commerce and International Trade Committee Records
Dates: 1981-2004
Collection number: See Series Description for LP numbers
Creator: Senate Banking, Commerce and International Trade Committee
Creator/Collector: Senate Banking and Commerce Committee
Creator/Collector: Senate Finance, Investment and International Trade Committee
Collection Size:
21 cubic feet
Repository:
California State Archives
Sacramento, California
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.
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], Senate Banking, Commerce and International Trade Committee Records, LP[number]:[folder number],
California State Archives, Office of the Secretary of State, Sacramento, California.
The California State Archives acquired the Senate Environmental Quality Committee records according to state law.
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).
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).
The following terms have been used to index the description of this collection in
the library's online public access catalog.
California. Legislature. Senate. Committee on Banking, Commerce, and International Trade
Consumer protection
International trade
Securities fraud
Related Collections at the California State Archives
Joseph Dunn Papers
Dean Florez Papers
Lucy Killea Papers
Tim Leslie Papers
Michael Machado Papers
Ken Maddy Papers
Richard Polanco Papers
Hilda Solis Papers
Rose Ann Vuich Papers
Researchers interested in this committee are advised to check the papers of its Chairpersons. Committee Chairs often kept
materials relating to committee operations among their personal files. For Chairs' papers available at the California State
Archives or other repositories, see information above.
Oral Histories of Committee Chairs and Staff
Kenneth L. Maddy, Oral History Interview, conducted 1999 by Donald B. Seney, Center for California Studies, California State
University, Sacramento for the California State Government Oral History Project.
See LP Numbers below
Series 1 Bill Files 1981-2004
Physical Description: 488 file folders
Arrangement
Bill files are arranged chronologically by legislative session then numerically by bill number within legislative house.
Scope and Content Note
Bills relating to financial institutions, foreign trade, and consumer protection are generally referred to the Senate Banking
and Commerce Committee. 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 international money transmission, residential mortgages, investment
securities regulation, creation of the Department of Financial Institutions, regulation of real estate brokers, financial
privacy, creation of the California World Trade Commission, credit unions, and consumer protections against predatory lending.
Senate Banking and Commerce Committee, 1981-1990:
1981-1982: SB123-SB2046 (7ff) LP189:131-137
1981-1982: AB109-AB3765 (16ff) LP189:138-153
1983-1984: SB143-SB2266 (8ff) LP189:154-161
1983-1984: AB97-AB3782; ACA21; ACR48; AJR96 (11ff) LP189:162-172
1985-1986: SB20-SB2563; SJR7-SJR18 (12ff) LP189:173-184
1985-1986: AB36-AB4310; AJR44-AJR102 (9ff) LP189:185-193
1987-1988: SB70-SB2892; SCR70; SJR31-SJR40 (14ff) LP189:194-207
1987-1988: AB2-AB4668; ACR30; AJR3-AJR68 (7ff) LP189:208-214
1989-1990: SB92-SB2883; SJR21-SJR66 (30ff) LP375:1-30
1989-1990: AB244-AB4362; ACR139; AJR7-AJR81 (18ff) LP375:31-48
Senate Banking, Commerce and International Trade Committee, 1991-1994:
1991-1992: SB71-SB2046; SCR43-SCR111; SJR24-SJR45; SR21-SR66 (21ff) LP375:49-69
1991-1992: AB244-AB3827; ACR47; AJR27-AJR58 (19ff) LP375:70-88
1993-1994: SB115-SB2090; SCR47-SCR54; SJR26-SJR40 (20ff) LP375:89-108
1993-1994: AB253-AB3662; ACR114; AJR19-AJR94; AJR1X (21ff) LP375:109-129
Senate Finance, Investment and International Trade Committee, 1995-2000:
1995-1996: SB141-SB2148; SJR39-SJR48; SR26; SB21XX (20ff) LP375:130-149
1995-1996: AB640-AB3366; ACR24-ACR84 (24ff) LP375:150-177
1997-1998: SB31-SB2060; SJR29-SJR43; SR39 (20ff) LP375:178-197
1997-1998: AB46-AB2694; ACR27; AB7X (19ff) LP375:198-216
1999-2000: SB129-SB2148 (25ff) LP375:217-241
1999-2000: AB61-AB2869 (21ff) LP375:242-262
Senate Banking, Commerce and International Trade Committee, 2001-2004:
2001-2002: SB179-SB2099; SCR54-SCR81, SJR9-SJR40 (22ff) LP375:263-284
2001-2002: AB29-AB2969 (25ff) LP375:285-309
2003-2004: SB374-SB1917; SJR19-SJR20 (4ff) LP375:310-313
2003-2004: AB73-AB3070; AJR14-AJR91 (7ff) LP375:314-320
See Appendix A for LP Numbers
Series 2 Hearing Files 1981-2004
Physical Description: 55 file folders
Arrangement
Hearing files are 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 contain agendas, audiotapes, transcripts, testimony, background, and working files for regular session hearings
as well as interim hearings and select joint hearings. Tapes have been separated to a cold-storage vault for preservation
purposes and separation sheets are with the hearing files to alert the researcher to the existence of such tapes. Of particular
interest are those files pertaining to the Securities Fraud Enforcement Act of 1996 (AB2465), the failure of the Lincoln Savings
and Loan Association, electronic banking, the California Disabled Veterans Business Enterprise (DVBE) Program, and home loan
protection. Researchers may also be interested in files relating to trade with Cuba, media ownership, and genetically modified
organisms.
For a chronological list of hearings, see Appendix A in Additional Series Information.
LP375:345-364
Series 3 Subject Files 1977-2003
Physical Description: 20 file folders
Arrangement
Subject files are arranged alphabetically by subject heading.
Scope and Content Note
Subject files may include correspondence, background materials, notes, memos, reports, newspaper clippings, and subcommittee
information. Of particular interest are the files pertaining to the 2002 Budget Act and the Fair Political Practices Commission
(FPPC). Researchers may also be interested in files related to interstate banking and money transmission.
For an alphabetical list of subject files, see Appendix B in Additional Series Information.
LP375:365-366
Series 4 Correspondence 1999-2001
Physical Description: 2 file folders
Arrangement
Correspondence files are arranged chronologically.
Scope and Content Note
The correspondence files are primarily related to committee and bill issues, and may include letters from committee members,
constituents, legislative analysts, lobbyists, and department heads.
LP375:367-404
Series 5 Department of Corporations Hearing Files 1996
Physical Description: 38 file folders
Arrangement
The Department of Corporations hearing files are arranged by type with the transcript first followed by Articles, Correspondence,
Reports, and Testimony). The reports and testimony files are further arranged alphabetically by subject title.
Scope and Content Note
The Department of Corporations held a hearing on July 14, 1996, regarding Assembly Bill 2465, The Securities Fraud Enforcement
Act. This bill replaced the Corporations Commissioner's "merit review" standard with a disclosure standard. Existing law
authorized the Commissioner to regulate sales of most securities. The Commissioner evaluated securities sellers and their
business plans to determine if they are "fair, just, and equitable," a process known as a "merit review." If the proposed
business plan did not meet this standard, the Commissioner could "deny, suspend, or revoke" a permit to sell securities.
Under the disclosure standard proposed by AB2465, any sale that conforms to the federal Securities and Exchange Commission's
requirements is deemed to comply with the State's disclosure requirements and is therefore automatically registered to sell.
The main policy issue presented by this bill revolves around the State's role in protecting consumers and in reviewing the
conduct of securities sales. There are many types of consumers investing in securities, with varying levels of investment
sophistication and consumer protection needs. Current law presumed that the State play a role in evaluating seller practices,
while AB2465 generally relied on federal regulatory standards to protect consumers.
For a list of DOC securities fraud hearing files, see Appendix C in Additional Series Information.