Topline Q2 2016
Conducted ongoing review and monitoring of the 2,293 legislative measures introduced to date in 2016 and identified 372 as having a potential impact on or of interest to the financial services industry. Adopted positions on 51 new state legislative measures, and continued to actively manage five priority measures carried over from 2015.
Advanced four CBA-sponsored measures through the legislative process:
- Assembly Bill 1784 (Dababneh) relative to school-based savings programs
- AB 2693 (Dababneh) relative to property assessed financing
- AB 2907 (Committee on Banking and Finance) relative to deposit account statements
- SB 907 (Galgiani) relative to mortgage debt forgiveness
Conducted 20 internal policy committee meetings.
Participated in 119 meetings with legislators and their staff, state agency departments and the governor’s administration.
Provided CBA member testimony on behalf of the industry at the Assembly Committee on Banking and Finance hearing regarding Property Assessed Clean Energy financing.
Provided a legislative briefings at the annual California State Bar Financial Institutions Committee meeting and the spring meeting of the National Association of Bank Advocates.
Planned and executed second series of meetings for CBA’s new State Capitol Advocacy Leadership Program, conducting three regional advocacy meetings with 17 bankers representing nine CBA member banks. Program attendees and CBA staff conducted 21 meetings with legislators and their staff at the state Capitol.
Defeated or successfully amended four high priority measures, which included restrictions on the sale of REO properties; new mandates on monitoring unclaimed property; expansions of property assessed clean energy financing; enhanced burdens on internet privacy policies.
CBA hosted a banking community event for former Assembly Member Raul Bocanegra, candidate for the 39th assembly district.
Conducted six state legislative grassroots meetings and one federal legislative grassroots meeting attended by CBA members.
Participated in two federal district fundraisers attended by CBA members.
Participated in 32 Sacramento fundraisers for members of the state legislature.
Conducted one meeting with a state legislative candidate.
In June, 15 CBA members met with 24 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 Brian Brooks, executive vice president, general counsel and corporate Secretary, Fannie Mae; FDIC vice chairman Thomas Hoenig; and Paul Nash, senior deputy comptroller and chief of staff, along with Amy Friend, senior deputy comptroller and chief counsel, Donna Murphy, deputy comptroller for compliance risk and Scott Schainost, midsize and community bank supervision liaison. Issues discussed included equal tax treatment for credit unions, farm credit system reform, relief from regulatory burden and tailored bank regulation.
Raised an additional $35,515 for the CBA State PAC (2016 total: $178,294 – 94 percent of goal) and an additional $8,513 for the CBA Federal PAC (2016 total: $82,112 – 76 percent of ABA goal).