Melissa Hurtado
- Democratic
- Senator
- District 16
Author
Existing law, known as the Cartwright Act, generally regulates trusts, which the act defines as a combination of capital, skill, or acts by 2 or more persons for certain purposes, including to create or carry out restrictions in trade or commerce. If a violator of the act is a corporation, the act punishes the violator by a fine of the greater of an amount not more than $1,000,000 and an amount related to the pecuniary gain from the violation or the pecuniary loss to another by the violation, as prescribed. If a violator of the act is an individual, the act punishes the violator by imprisonment of one, 2, or 3 years in a state prison or county jail, as specified, imprisonment of not more than one year in a county jail, by a fine of not more than the greater of $250,000 and an amount related to the pecuniary gain from the violation or the pecuniary loss to another by the violation, or by both a fine and imprisonment. This bill would, on or after January 1, 2026, increase the fine described above with respect to corporate violators to $100,000,000. The bill would also increase the term of imprisonment in a state prison or county jail described above to not more than 10 years and would increase the fine described above with respect to an individual violator to $1,000,000. By increasing the maximum term an individual violator could serve in a county prison, this bill would impose a state-mandated local program. The California Constitution requires the state to reimburse local agencies and school districts for certain costs mandated by the state. Statutory provisions establish procedures for making that reimbursement. This bill would provide that, if the Commission on State Mandates determines that the bill contains costs mandated by the state, reimbursement for those costs shall be made pursuant to the statutory provisions noted above.
August 15 hearing: Held in committee and under submission.
August 7 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 2.) (July 2).
Re-referred to Com. on JUD. pursuant to Assembly Rule 96.
From committee with author's amendments. Read second time and amended. Re-referred to Com. on INS.
June 28 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 INS.
Read third time. Passed. (Ayes 32. Noes 2. Page 1328.) Ordered to the Assembly.
In Assembly. Read first time. Held at Desk.
Read second time. Ordered to third reading.
From committee: Do pass. (Ayes 6. Noes 1. Page 1180.) (May 18).
Set for hearing May 18.
May 1 hearing: Placed on APPR suspense file.
Set for hearing May 1.
From committee: Do pass and re-refer to Com. on APPR. (Ayes 4. Noes 0. Page 833.) (April 19). Re-referred to Com. on APPR.
Set for hearing April 19.
From printer. May be acted upon on or after March 19.
Introduced. Read first time. To Com. on RLS. for assignment. To print.
| Bill Text Versions | Format |
|---|---|
| SB697 | HTML |
| 02/16/23 - Introduced | |
| 06/21/23 - Amended Assembly | |
| 05/20/24 - Amended Assembly | |
| 07/03/24 - Amended Assembly |
| Document | Format |
|---|---|
| 04/18/23- Senate Committee on Labor, Public Employment and Retirement | |
| 04/28/23- Senate Appropriations | |
| 05/20/23- Sen. Floor Analyses | |
| 06/28/24- Assembly Judiciary | |
| 08/05/24- Assembly Appropriations |
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