SB 308 California Senate · 2021-2022 Regular Session

Unclaimed property: electronic funds transfer.

Summary

Existing law requires a person holding funds or other property escheated to the state to file a report with the Controller and to pay or deliver the escheated property to the Controller within a specified time, unless another person establishes their right to the property. Existing law requires any payment to the Controller of at least $20,000 in unclaimed cash to be made by electronic funds transfer. This bill would instead require any payment of at least $2,000 in unclaimed cash to be made by electronic funds transfer.

Bill status signed all 5 stages cleared

Introduction

Feb 2021

Committee Review

Jun 2021

Senate Passage

Mar 2021

Assembly Passage

Jul 2021

Signed into Law

Jul 2021

Introduced Feb 4, 2021 Signed Jul 16, 2021

Floor votes · Senate Mar 25, 2021 · Assembly Jul 8, 2021

How they voted

35–0

Passed · 2 other

Total votes 37

Mar 25, 2021

D Democratic29

27 Yea 2

93% Yea

R Republican8

8 Yea

100% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Jul 16, 2021

Signed into law

Approved by the Governor.

legislature

Jul 8, 2021

Lower · Passed

Read third time. Passed. (Ayes 76. Noes 0. Page 2278.) Ordered to the Senate.

lower

Jun 30, 2021

Lower · Passed

From committee: Do pass. Ordered to consent calendar. (Ayes 14. Noes 0.) (June 30).

lower

Jun 8, 2021

Lower · Passed

From committee: Do pass and re-refer to Com. on APPR. with recommendation: To consent calendar. (Ayes 11. Noes 0.) (June 8). Re-referred to Com. on APPR.

lower

May 13, 2021

Committee

Referred to Com. on JUD.

lower

Mar 25, 2021

Upper · Passed

Read third time. Passed. (Ayes 38. Noes 0. Page 612.) Ordered to the Assembly.

upper

Mar 22, 2021

Upper · Passed

From committee: Be ordered to second reading pursuant to Senate Rule 28.8 and ordered to consent calendar.

upper

Mar 10, 2021

Upper · Passed

From committee: Do pass and re-refer to Com. on APPR with recommendation: To consent calendar. (Ayes 11. Noes 0. Page 422.) (March 9). Re-referred to Com. on APPR.

upper

Feb 17, 2021

Committee

Referred to Com. on JUD.

upper

Feb 4, 2021

Introduced

Introduced. Read first time. To Com. on RLS. for assignment. To print.

upper

1 primary · 0 co-sponsors