Bill Commons

CA AB 743

in committee

California Financing Law: lawsuit financiers.

California · 2025-2026 Regular Session · lower

Quick answers

Did CA AB 743 pass?

Not yet. CA AB 743 is in committee as of 2025-07-01 and has not come to a final vote. Latest recorded action (2025-07-01): In committee: Set, first hearing. Hearing canceled at the request of author.

What is CA AB 743 about?

The California Financing Law generally regulates the business of finance lenders and brokers and prohibits any person from engaging in those businesses without obtaining a license from the Commissioner of Financial Protection and Innovation. The law also imposes various requirements on licensees who offer or sell commercial loans, as defined. This bill would prohibit a person from engaging in the business of lawsuit financing, as defined, without obtaining a license from the commissioner, and would generally regulate the business of lawsuit financiers, as specified. The bill would require a licensee who is a lawsuit financier, as defined, to maintain a surety bond, as prescribed. The bill would include lawsuit financing in the definition of "commercial loan." The bill would make willful violations of the California Financing Law by a licensee who is a lawsuit financier subject to a civil penalty, as specified.

Who sponsors CA AB 743?

Michelle Rodriguez is the primary sponsor of CA AB 743, joined by 1 cosponsor.

Description

The California Financing Law generally regulates the business of finance lenders and brokers and prohibits any person from engaging in those businesses without obtaining a license from the Commissioner of Financial Protection and Innovation. The law also imposes various requirements on licensees who offer or sell commercial loans, as defined. This bill would prohibit a person from engaging in the business of lawsuit financing, as defined, without obtaining a license from the commissioner, and would generally regulate the business of lawsuit financiers, as specified. The bill would require a licensee who is a lawsuit financier, as defined, to maintain a surety bond, as prescribed. The bill would include lawsuit financing in the definition of "commercial loan." The bill would make willful violations of the California Financing Law by a licensee who is a lawsuit financier subject to a civil penalty, as specified.

Introduced
2025-03-24
Latest action
2025-07-01 — In committee: Set, first hearing. Hearing canceled at the request of author.
Bill type
bill
Last updated
—

Subjects

Sponsors

  • Michelle Rodriguezauthor
  • Nguyencoauthor

Committees

Not provided by source.

Action timeline

  1. 2025-02-18

    Read first time. To print.

    reading-1

  2. 2025-02-19

    From printer. May be heard in committee March 21.

  3. 2025-03-24

    From committee chair, with author's amendments: Amend, and re-refer to Com. on B.&F. Read second time and amended.

    amendment-introduction,amendment-passage,committee-passage,reading-1,reading-2,referral-committee

  4. 2025-03-24

    Referred to Com. on B.&F.

    referral-committee

  5. 2025-03-25

    Re-referred to Com. on B.&F.

    referral-committee

  6. 2025-04-28

    Joint Rule 62(a) suspended. (Page 1307.)

  7. 2025-05-01

    From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 9. Noes 0.) (April 28).

    amendment-introduction,amendment-passage,committee-passage,referral-committee

  8. 2025-05-05

    Read second time and amended.

    amendment-passage,reading-1,reading-2

  9. 2025-05-06

    Re-referred to Com. on APPR.

    referral-committee

  10. 2025-05-14

    In committee: Set, first hearing. Referred to APPR. suspense file.

    referral-committee

  11. 2025-05-23

    From committee: Do pass. (Ayes 14. Noes 0.) (May 23).

    committee-passage,committee-passage-favorable

  12. 2025-05-27

    Read second time. Ordered to third reading.

    reading-1,reading-2,reading-3

  13. 2025-06-02

    Read third time. Passed. Ordered to the Senate. (Ayes 79. Noes 0. Page 1850.)

    passage,reading-1,reading-3

  14. 2025-06-03

    In Senate. Read first time. To Com. on RLS. for assignment.

    reading-1,referral-committee

  15. 2025-06-11

    Referred to Coms. on B. & F.I. and JUD.

    referral-committee

  16. 2025-07-01

    In committee: Set, first hearing. Hearing canceled at the request of author.

Versions

  • 02/18/25 - Introduced — 2025-02-18Compare
  • 03/24/25 - Amended Assembly — 2025-03-24Compare
  • 05/05/25 - Amended Assembly — 2025-05-05Compare
  • AB743Compare
  • (document, no version)Compare

Documents

Votes

  • Do pass as amended and be re-referred to the Committee on [Appropriations]

    2025-04-28 · pass · 9-0

    Member-level votes (9)
    • Michelle Rodriguez: yes
    • Blanca Rubio: yes
    • Valencia: yes
    • Schiavo: yes
    • Soria: yes
    • Krell: yes
    • Dixon: yes
    • Chen: yes
    • Fong: yes

  • Do pass.

    2025-05-23 · pass · 14-0

    Member-level votes (15)
    • Calderon: yes
    • Elhawary: yes
    • Dixon: yes
    • Hart: yes
    • Mark González: yes
    • Arambula: yes
    • Pacheco: yes
    • Solache: yes
    • Ta: yes
    • Caloza: yes
    • Wicks: yes
    • Pellerin: yes
    • Fong: yes
    • Tangipa: yes
    • Sanchez: other

  • AB 743 Michelle Rodriguez Assembly Third Reading

    2025-06-02 · pass · 79-0

    Member-level votes (79)
    • Rivas: yes
    • Rogers: yes
    • Wicks: yes
    • Irwin: yes
    • Arambula: yes
    • Caloza: yes
    • Ward: yes
    • Nguyen: yes
    • Patel: yes
    • Solache: yes
    • Chen: yes
    • Bonta: yes
    • McKinnor: yes
    • Pacheco: yes
    • DeMaio: yes
    • Celeste Rodriguez: yes
    • Castillo: yes
    • Sanchez: yes
    • Schultz: yes
    • Hadwick: yes
    • Lee: yes
    • Bryan: yes
    • Michelle Rodriguez: yes
    • Mark González: yes
    • Patterson: yes
    • Carrillo: yes
    • Muratsuchi: yes
    • Papan: yes
    • Jeff Gonzalez: yes
    • Ransom: yes
    • Wallis: yes
    • Elhawary: yes
    • Davies: yes
    • Macedo: yes
    • Sharp-Collins: yes
    • Berman: yes
    • Jackson: yes
    • Wilson: yes
    • Lackey: yes
    • Bennett: yes
    • Petrie-Norris: yes
    • Harabedian: yes
    • Ellis: yes
    • Aguiar-Curry: yes
    • Connolly: yes
    • Quirk-Silva: yes
    • Soria: yes
    • Tangipa: yes
    • Gipson: yes
    • Alvarez: yes
    • Hoover: yes
    • Ta: yes
    • Zbur: yes
    • Flora: yes
    • Valencia: yes
    • Addis: yes
    • Garcia: yes
    • Gallagher: yes
    • Krell: yes
    • Ahrens: yes
    • Stefani: yes
    • Calderon: yes
    • Blanca Rubio: yes
    • Lowenthal: yes
    • Schiavo: yes
    • Gabriel: yes
    • Dixon: yes
    • Ávila Farías: yes
    • Fong: yes
    • Ramos: yes
    • Pellerin: yes
    • Kalra: yes
    • Alanis: yes
    • Haney: yes
    • Hart: yes
    • Boerner: yes
    • Bauer-Kahan: yes
    • Ortega: yes
    • Bains: yes

Related bills

No related bills recorded for this bill.

Official source

http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202520260AB743

Attribution

Data from openstates_bulk_csv, retrieved 2026-07-24T01:34:27.960412Z

Inspect retained evidence for changes recorded after evidence tracking began:

Source and document changesStatus and relationship changes

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