CA AB 407
deadCalifornia Pollution Control Financing Authority.
California · 2025-2026 Regular Session · lower
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Quick answers
Did CA AB 407 pass?
No. CA AB 407 did not pass — it was defeated or died in the legislative process. Latest recorded action (2026-02-02): From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.
What is CA AB 407 about?
(1) Existing law establishes the California Pollution Control Financing Authority (CPCFA) , consisting of 3 members: the Director of Finance, the State Treasurer, and the State Controller. Existing law establishes the Capital Access Loan Program for Small Businesses, which is administered by the CPCFA, to assist qualifying small businesses in the state access capital. Existing law establishes the California Capital Access Fund within the authority to be used for purposes of the program. This bill would require all moneys accruing to the authority pursuant to the program to be deposited into the fund. The bill would authorize other private, state, or federal funding sources to be received and accepted into the fund, as specified. By creating a continuously appropriated fund, this bill would make an appropriation. (2) Existing law establishes the California Americans with Disabilities Act Small Business Capital Access Loan Program to assist small businesses in complying with the federal Americans with Disabilities Act of 1990. Existing law establishes the California Americans with Disabilities Act Small Business Capital Access Loan Program Fund, which is continuously appropriated to CPCFA for carrying out the purposes of the program. Existing law requires that all moneys in the fund be held in trust for the life of the program, subject to program expenditures and costs of administering the program. Existing law specifies those program expenditures. This bill would include financial assistance, as defined and specified, as a program expenditure described above. By expanding the expenditures that may be made from a continuously appropriated fund, this bill would make an appropriation. (3) Existing law establishes the California Seismic Safety Capital Access Loan Program to cover losses on qualified loans by participating lenders to qualified residential property owners or qualified small businesses, as those terms are defined. Existing law establishes the California Seismic Safety Capital Access Loan Program Fund, which is continuously appropriated to CPCFA for carrying out the purposes of the program. Existing law requires that all moneys in the fund be held in trust for the life of the program, subject to program expenditures and costs of administering the program. Existing law specifies those program expenditures. This bill would include financial assistance, as defined and specified, as a program expenditure described above. By expanding the expenditures that may be made from a continuously appropriated fund, this bill would make an appropriation.
Who sponsors CA AB 407?
Jackson is the primary sponsor of CA AB 407.
Description
(1) Existing law establishes the California Pollution Control Financing Authority (CPCFA) , consisting of 3 members: the Director of Finance, the State Treasurer, and the State Controller. Existing law establishes the Capital Access Loan Program for Small Businesses, which is administered by the CPCFA, to assist qualifying small businesses in the state access capital. Existing law establishes the California Capital Access Fund within the authority to be used for purposes of the program. This bill would require all moneys accruing to the authority pursuant to the program to be deposited into the fund. The bill would authorize other private, state, or federal funding sources to be received and accepted into the fund, as specified. By creating a continuously appropriated fund, this bill would make an appropriation. (2) Existing law establishes the California Americans with Disabilities Act Small Business Capital Access Loan Program to assist small businesses in complying with the federal Americans with Disabilities Act of 1990. Existing law establishes the California Americans with Disabilities Act Small Business Capital Access Loan Program Fund, which is continuously appropriated to CPCFA for carrying out the purposes of the program. Existing law requires that all moneys in the fund be held in trust for the life of the program, subject to program expenditures and costs of administering the program. Existing law specifies those program expenditures. This bill would include financial assistance, as defined and specified, as a program expenditure described above. By expanding the expenditures that may be made from a continuously appropriated fund, this bill would make an appropriation. (3) Existing law establishes the California Seismic Safety Capital Access Loan Program to cover losses on qualified loans by participating lenders to qualified residential property owners or qualified small businesses, as those terms are defined. Existing law establishes the California Seismic Safety Capital Access Loan Program Fund, which is continuously appropriated to CPCFA for carrying out the purposes of the program. Existing law requires that all moneys in the fund be held in trust for the life of the program, subject to program expenditures and costs of administering the program. Existing law specifies those program expenditures. This bill would include financial assistance, as defined and specified, as a program expenditure described above. By expanding the expenditures that may be made from a continuously appropriated fund, this bill would make an appropriation.
- Introduced
- 2025-04-22
- Latest action
- 2026-02-02 — From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.
- Bill type
- bill,appropriation
- Last updated
- —
Subjects
Sponsors
- Jacksonauthor
Committees
Not provided by source.
Action timeline
Newest first
2026-02-02
From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.
committee-passage,failure
2026-01-31
Died pursuant to Art. IV, Sec. 10(c) of the Constitution.
failure
2025-05-23
In committee: Held under submission.
2025-05-14
In committee: Set, first hearing. Referred to suspense file.
referral-committee
2025-05-06
Re-referred to Com. on APPR.
referral-committee
2025-05-05
Read second time and amended.
amendment-passage,reading-1,reading-2
2025-05-01
From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 10. Noes 0.) (April 30).
amendment-introduction,amendment-passage,committee-passage,referral-committee
2025-04-24
Re-referred to Com. on L. GOV.
referral-committee
2025-04-23
Read second time and amended.
amendment-passage,reading-1,reading-2
2025-04-22
From committee: Amend, and do pass as amended and re-refer to Com. on L. GOV. (Ayes 9. Noes 0.) (April 21).
amendment-introduction,amendment-passage,committee-passage,referral-committee
2025-02-18
Referred to Coms. on B.&F. and L. GOV.
referral-committee
2025-02-05
From printer. May be heard in committee March 7.
2025-02-04
Read first time. To print.
reading-1
Versions
Documents
- application/pdf
- application/pdf
- application/pdf
- text/html
- application/pdf(no extracted text yet)
- application/pdf(no extracted text yet)
- application/pdf(no extracted text yet)
Votes
Do pass as amended and be re-referred to the Committee on [Local Government]
2025-04-21 · pass · 9-0
Member-level votes (9)
- Chen: yes
- Michelle Rodriguez: yes
- Schiavo: yes
- Fong: yes
- Dixon: yes
- Krell: yes
- Blanca Rubio: yes
- Soria: yes
- Valencia: yes
Do pass as amended and be re-referred to the Committee on [Appropriations]
2025-04-30 · pass · 10-0
Member-level votes (10)
- Stefani: yes
- Ransom: yes
- Pacheco: yes
- Ward: yes
- Wilson: yes
- Blanca Rubio: yes
- Ta: yes
- Carrillo: yes
- Ramos: yes
- Hoover: yes
Related bills
No related bills recorded for this bill.
Official source
Attribution
Data from openstates_bulk_csv, retrieved 2026-07-24T01:34:27.960412Z
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