Topline Q2 2015

General information

Reviewed and monitored the 2,657 legislative measures introduced so far in 2015 and identified 358 as having a potential impact on, or of interest to, the financial services industry. Adopted positions on 42 new state legislative measures.

Managed two CBA-sponsored measures through the legislative process:

  • Assembly Bill 99 (Perea) relative to tax conformity on mortgage debt forgiveness
  • Assembly Bill 283 (Dababneh) relative to local agency deposits

Conducted 19 internal policy committee meetings.

Participated in 81 meetings with legislators and their staff, state agency departments and the governor’s administration.

Defeated or successfully amended 9 higher priority measures in the areas of: the proposed Fair Scheduling Act, privacy, creditor claims against estates and trusts, the Uniform Fraudulent Transfer Act, document recordation, safe deposit box unclaimed property, successors in interest under the Homeowner Bill of Rights, mobile applications and sales and use tax.

Presented testimony on behalf of the industry regarding debt collection issues at two separate hearings for the Assembly Committee on Judiciary and the Senate Committee on Judiciary.

Conducted CBA’s 62nd Annual Legislative Conference with 94 CBA members, representing 24 banks in attendance. CBA members and staff held 112 meetings at the capitol with 74 Assembly Members and 38 State Senators.

Provided legislative briefings to the National Association of Bank Advocates and the California State Bar Financial Institutions Committee. 

Hosted banking community events for Speaker of the Assembly Toni Atkins, Assembly Republican Leader Kristin Olsen, Assembly Member Catharine Baker and Assembly Member Autumn Burke.

CBA members participated in two federal district fundraisers and one state district fundraiser.

Conducted four state legislative grassroots meetings attended by CBA members.

CBA participated in 18 Sacramento fundraisers for members of the state legislature.

In June, 20 CBA members met with 22 members and staff of the California delegation and various members of the House Committee on Financial Services during the Annual Visit to Washington, D.C. The attendees also heard from SBA Administrator Maria Contreras-Sweet, FDIC Chairman Martin Gruenberg and Amias Gerety, Acting Assistant Secretary for Financial Institutions, U.S. Department of the Treasury. Issues discussed included bank examination reform, equal treatment for credit unions, data breach and data security, federal savings charter choice, community bank regulatory relief, tailored bank regulation and farm credit bank expansion.

Raised an additional $42,937 for the CBA State PAC (2015 total: $166,624 – 88% of goal) and an additional $4,801 for the CBA Federal PAC (2015 total: $82,735 – 77% of ABA goal).