This morning, the California State Legislature adjourned the 2025-56 legislative session. Session was expected to gavel down at midnight August 31st, but Legislators had to come back on Tuesday for the final votes on last-minute budget related deals. During the final days of session, our team stopped AB 1018, a problematic ADS bill, and worked
Tonight, California’s Credit Unions staff heard from the Assembly, Senate, and Governor’s Office that our request for parity on the SaaS tax did not make the final cut for the budget trailer bills. While credit unions were in a unique position on the tax, most other entities in the state were also pushing for changes
We wanted to share some recent updates on mortgage forbearance. Last week the Governor announced a commitment from more than 160 lending institutions to provide mortgage relief for fire survivors impacted by the 2025 L.A. firestorms. These lenders have agreed to streamline the process for requesting at least one additional forbearance period of up to
Last night, Senate President pro Tempore Limón announced leadership positions and committee assignments for the remainder of the 2025–26 Legislative Session. Most changes will take effect on February 1, with the exception of the Budget Committees and the Natural Resources Committee, which will take effect immediately. The Senate Banking and Senate Judiciary Committees remain largely
Senate Leader Limón Announces Leadership and Committee Membership Appointments Read More »
Today, Governor Lombardo called the Legislature into special session to revisit several major policy items left unresolved in the 2025 regular session. The special session to begin on Thursday, November 13th at 10am. The Governor’s formal proclamation sets the agenda and limits the policy topics that will be considered. The special session will consider legislation
In a significant development at the Capitol today, the Senate Democratic Caucus held a vote to select its next President pro Tempore. As anticipated, Senator Monique Limón secured the necessary support and was elected to lead the California State Senate, succeeding current Pro Tem Mike McGuire. Senator Limón, who was elected to the Senate in
Senator Limón elected Senate Leader, President Pro Tem Read More »
Moments ago, Assembly member Bonta presented AB 801, the state Community Reinvestment Act (CRA) bill, on the Assembly floor for a vote. The presentation was brief, and there was no debate—an expected occurrence given the volume of legislation being considered this week. AB 801 passed with 43 “aye” votes, surpassing the 40 votes needed for
At 12:35 a.m., the Nevada State Legislature officially adjourned the 83rd Legislative Session. The session began with Nevada’s credit unions hosting their Government Relations Rally, a lobby day dedicated to advocating for the industry. Attendees focused on opposing duplicative artificial intelligence regulations and any efforts to undermine interchange. The good news: both the AI bill
Today, the California Senate and Assembly Appropriations Committees held their suspense committee hearings where they quickly dispense with bills that are keyed fiscal and given a high price tag. In the Assembly, any bill with a fiscal effect in any fiscal year of $150,000 or more will be placed on the suspense file. In the
Today, the Assembly Banking and Finance Committee heard testimony and voted on two of the California Credit Union League’s (CCUL) top priority bills: AB 1065 (Ortega), the state interchange bill, and AB 1365 (Garcia), the CalAccount bill. The League served as the lead witness in opposition to both measures, emphasizing the unique structure and mission
