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CA AB2621

Bill

Status

Introduced

2/20/2026

Primary Sponsor

Michelle Rodriguez

Click for details

Origin

State Assembly

2025-2026 Regular Session

AI Summary

  • Amends Section 1041 of the Financial Code to replace gendered language ("his or her") with gender-neutral language ("their") when referring to the Commissioner of Financial Protection and Innovation
  • Makes no substantive changes to banking law requirements for forming a commercial bank or trust company
  • Retains existing $2,500 fee payable to the commissioner for bank incorporation approval
  • Requires no appropriation and has no fiscal impact on state or local programs
  • Introduced by Assembly Member Michelle Rodriguez on February 20, 2026

Legislative Description

Banking Law.

Last Action

From printer. May be heard in committee March 23.

2/21/2026

Full Bill Text

No bill text available