AB 2150

  • California Assembly Bill
  • 2019-2020 Regular Session
  • Introduced in Assembly
  • Passed Assembly Jun 08, 2020
  • Senate
  • Governor

Corporate securities: limited exemption: study.

Abstract

Existing law, the Corporate Securities Law of 1968, provides for the regulation of the issuance of corporate securities, requires the qualification of an offer or sale of securities, and provides for exemptions from qualification with the Commissioner of Business Oversight. Existing law defines a "security" to mean a note, stock, and, among other things, an investment contract. For the purposes of authorizing specified items that may be included in articles of incorporation, with regard to the keeping of certain records by a corporation that does not have outstanding securities listed on specified stock exchanges, existing law defines "blockchain technology" to mean a mathematically secured, chronological, and decentralized consensus ledger or database. This bill would require the Department of Business Oversight to conduct a study to determine the feasibility of enacting in California a measure equivalent to the Proposed Securities Act Rule 195–Time-Limited Exemption for Tokens, as specified, and to report its findings to the Legislature. The bill would require the study to evaluate certain subjects, including the potential benefits and costs of the exemption to the state. The bill would require the department to present the report to the Legislature on or before January 1, 2022, would prescribe certain subjects that report is to include, and would specify the method of its delivery.

Bill Sponsors (1)

Calderon

     
Author

Votes


Actions


Jul 30, 2020

Senate

In committee: Hearing postponed by committee.

Jul 09, 2020

Senate

In committee: Hearing postponed by committee.

Jul 08, 2020

Senate

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.

  • Reading-2
  • Reading-1
  • Amendment-Passage
  • Referral-Committee
  • Amendment-Introduction
Com. on B. & F.I.

Jun 23, 2020

Senate

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

  • Referral-Committee
Com. on B. & F.I.

Jun 09, 2020

Senate

In Senate. Read first time. To Com. on RLS. for assignment.

Jun 08, 2020

Assembly

Read third time. Passed. Ordered to the Senate. (Ayes 66. Noes 1.)

Jun 04, 2020

Assembly

Read second time. Ordered to third reading.

Jun 03, 2020

Assembly

From committee: Do pass. (Ayes 14. Noes 0.) (June 3).

Jun 02, 2020

Assembly

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

  • Referral-Committee
APPR. suspense file. APPR

May 22, 2020

Assembly

Re-referred to Com. on APPR.

  • Referral-Committee
Com. on APPR.

May 21, 2020

Assembly

Read second time and amended.

May 20, 2020

Assembly

From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 9. Noes 0.) (May 19).

May 05, 2020

Assembly

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

  • Referral-Committee
Com. on B. & F.

May 04, 2020

Assembly

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

Feb 20, 2020

Assembly

Referred to Com. on B. & F.

  • Referral-Committee
Com. on B. & F.

Feb 11, 2020

Assembly

From printer. May be heard in committee March 12.

Feb 10, 2020

Assembly

Read first time. To print.

Bill Text

Bill Text Versions Format
AB2150 HTML
02/10/20 - Introduced PDF
05/04/20 - Amended Assembly PDF
05/21/20 - Amended Assembly PDF
07/08/20 - Amended Senate PDF

Related Documents

Document Format
No related documents.

Sources

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