AB 713 California Assembly · 2013-2014 Regular Session

Broker-dealers.

Summary

Existing law, the Corporate Securities Law of 1968, defines a broker-dealer as, among other things, any person engaged in the business of effecting securities transactions in California for the account of others or his or her own account, and it specifies those persons or entities excluded from the definition. Pursuant to the Governor's Reorganization Plan No. 2 of 2012 (GRP 2) , the regulation of corporations is transferred, effective July 1, 2013, from the Commissioner of Corporations to the Commissioner of Business Oversight. This bill would add to the persons excluded from the definition of a broker-dealer an individual who is a finder, as defined, who satisfied specified requirements, including, among other things, filing an initial statement of information with the Department of Business Oversight and paying a filing fee. The bill also would make technical changes to conform with the GRP 2.

Bill status failed 3 of 5 stages cleared

Introduction

Feb 2013

Committee Review

Aug 2014

Assembly Passage

Jan 2014

Senate Passage

Governor

Introduced Feb 21, 2013 Last action Nov 30, 2014

Floor votes · Assembly Jan 27, 2014

How they voted

60–1

Passed · 5 other

Total votes 66

Jan 27, 2014

D Democratic45

43 Yea 1 Nay 1

95% Yea

R Republican21

17 Yea 4

80% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Aug 14, 2014

Upper · Passed

In committee: Held under submission.

upper

Aug 4, 2014

Upper · Passed

In committee: Placed on APPR. suspense file.

upper

Aug 4, 2014

Introduced

From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on APPR.

upper

Jun 23, 2014

Upper · Passed

In committee: Set, second hearing. Hearing canceled at the request of author.

upper

Jun 16, 2014

Upper · Passed

In committee: Set, first hearing. Hearing canceled at the request of author.

upper

Jun 9, 2014

Upper · Passed

From committee: Do pass and re-refer to Com. on APPR. (Ayes 8. Noes 0.) (June 4). Re-referred to Com. on APPR.

upper

May 23, 2014

Introduced

From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on B. & F.I.

upper

Feb 6, 2014

Committee

Referred to Com. on B. & F.I.

upper

Jan 27, 2014

Assembly · Passed

Assembly Vote: pass (60-1-5)

assembly

Jan 23, 2014

Lower · Passed

From committee: Do pass. (Ayes 16. Noes 0.) (January 23).

lower

Jan 23, 2014

Committee

In committee: Set, first hearing. Referred to APPR. suspense file.

lower

Jan 15, 2014

Committee

Re-referred to Com. on APPR.

lower

Jan 13, 2014

Lower · Passed

From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 12. Noes 0.) (January 6).

lower

Jan 7, 2014

Committee

Re-referred to Com. on B. & F.

lower

Jan 6, 2014

Introduced

From committee chair, with author's amendments: Amend, and re-refer to Com. on B. & F. Read second time and amended.

lower

Apr 22, 2013

Lower · Passed

In committee: Set, first hearing. Hearing canceled at the request of author.

lower

Mar 4, 2013

Committee

Referred to Com. on B. & F.

lower

Feb 22, 2013

Lower · Passed

From printer. May be heard in committee March 24.

lower

1 primary · 0 co-sponsors