Monique Limón
- Democratic
- Senator
- District 19
Author
Existing law requires a bank, savings association, credit union, industrial loan company, savings bank, or other business entity, or a person who operates an automated teller machine to adopt procedures for evaluating the safety of an automated teller machine, including the incidence of crimes of violence in the immediate neighborhood of the automated teller machine as reflected in the records of the local law enforcement agency and of which the operator has actual knowledge. This bill would provide for the regulation of digital financial asset transaction kiosks, as defined, by the Department of Financial Protection and Innovation. The bill would, among other things, prohibit an operator, as defined, from accepting or dispensing more than $1,000 in a day from or to a customer via a digital financial asset transaction kiosk. The bill would require, on or after January 1, 2025, an operator, before a digital financial asset transaction, to provide a written disclosure in English and in the same language principally used by the operator to advertise, solicit, or negotiate with a customer containing the terms and conditions of the transaction, including the amount of a digital financial asset involved in the transaction. The bill would require an operator to provide a customer with a receipt for any transaction made at the operator's digital financial asset transaction kiosk that includes certain information, including the name of the customer and the date and time of the transaction. The bill would require an operator to provide to the department a list of all locations of digital financial asset transaction kiosks that the operator owns, operates, or manages in this state and would require the department to make that list for each operator available to the public on the department's internet website. This bill would become operative only if AB 39 of the 2023–24 Regular Session is enacted and takes effect on or before January 1, 2024.
Chaptered by Secretary of State. Chapter 871, Statutes of 2023.
Approved by the Governor.
Enrolled and presented to the Governor at 4 p.m.
Assembly amendments concurred in. (Ayes 32. Noes 7. Page 2842.) Ordered to engrossing and enrolling.
Read third time. Passed. (Ayes 57. Noes 17. Page 3427.) Ordered to the Senate.
In Senate. Concurrence in Assembly amendments pending.
Read third time and amended.
Ordered to third reading.
Read second time. Ordered to third reading.
From committee: Do pass as amended. (Ayes 11. Noes 4.) (September 1).
Read second time and amended. Ordered to second reading.
August 16 set for first hearing. Placed on suspense file.
Read second time and amended. Re-referred to Com. on APPR.
From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 8. Noes 3.) (July 10).
June 26 set for first hearing canceled at the request of author.
From committee with author's amendments. Read second time and amended. Re-referred to Com. on B. & F.
In Assembly. Read first time. Held at Desk.
Read third time. Passed. (Ayes 32. Noes 6. Page 1271.) Ordered to the Assembly.
From committee: Do pass. (Ayes 5. Noes 1. Page 1168.) (May 18).
Read second time. Ordered to third reading.
Set for hearing May 18.
April 17 hearing: Placed on APPR suspense file.
Set for hearing April 17.
From committee: Do pass and re-refer to Com. on APPR. (Ayes 5. Noes 0. Page 569.) (March 29). Re-referred to Com. on APPR.
Set for hearing March 29.
From printer. May be acted upon on or after March 12.
Introduced. Read first time. To Com. on RLS. for assignment. To print.
| Bill Text Versions | Format |
|---|---|
| SB401 | HTML |
| 02/09/23 - Introduced | |
| 06/19/23 - Amended Assembly | |
| 07/12/23 - Amended Assembly | |
| 09/01/23 - Amended Assembly | |
| 09/08/23 - Amended Assembly | |
| 09/18/23 - Enrolled | |
| 10/13/23 - Chaptered |
| Document | Format |
|---|---|
| 03/27/23- Senate Banking and Financial Institutions | |
| 04/16/23- Senate Appropriations | |
| 05/20/23- Sen. Floor Analyses | |
| 06/23/23- Assembly Banking and Finance | |
| 07/07/23- Assembly Banking and Finance | |
| 08/14/23- Assembly Appropriations | |
| 09/05/23- ASSEMBLY FLOOR ANALYSIS | |
| 09/08/23- ASSEMBLY FLOOR ANALYSIS | |
| 09/14/23- Sen. Floor Analyses |
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