CA SB 700
enactedCapital Programs and Climate Financing Authority Act: California Investment and Innovation Program.
California · 2025-2026 Regular Session · upper
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Quick answers
Did CA SB 700 pass?
Yes. CA SB 700 has been enacted into law. Latest recorded action (2026-09-27): Chaptered by Secretary of State. Chapter 651, Statutes of 2026.
What is CA SB 700 about?
The Capital Programs and Climate Financing Authority Act establishes the Capital Programs and Climate Financing Authority, consisting of the Director of Finance, the Treasurer, and the Controller. Among other things, the act authorizes the authority to establish one or more small business assistance funds to do various things, including fund a capital access program for small businesses pursuant to specified law, provide various forms of financial assistance, and make or acquire loans or guarantee commercial loans to participating parties eligible for assistance from those funds. The act requires any moneys repaid or returned to the authority in connection with or as a result of any loan or financial assistance made pursuant to these provisions to be deposited in the small business assistance fund from which the loan or assistance was originally provided. For the purpose of establishing and maintaining small business assistance funds, the act authorizes the authority to levy fees or other charges on, or require deposits from, participating parties receiving financing for a project under the act, as specified. The act requires the authority to establish the California Investment and Innovation Program for the purpose of providing grants to enhance the capacity of community development financial institutions to provide technical assistance and capital access to economically disadvantaged communities in the state, as specified. Existing law defines various terms for these purposes. This bill would authorize the authority to establish one or more small business assistance funds to fund a grant program for community development financial assistance pursuant to the California Investment and Innovation Program. The bill would include in the list of allowed financial assistance that the authority may provide under the act grants made to community development financial institutions in furtherance of that program. By expanding the purposes for which moneys in a continuously appropriated fund may be used, this bill would make an appropriation.
Who sponsors CA SB 700?
Grayson is the primary sponsor of CA SB 700.
Description
The Capital Programs and Climate Financing Authority Act establishes the Capital Programs and Climate Financing Authority, consisting of the Director of Finance, the Treasurer, and the Controller. Among other things, the act authorizes the authority to establish one or more small business assistance funds to do various things, including fund a capital access program for small businesses pursuant to specified law, provide various forms of financial assistance, and make or acquire loans or guarantee commercial loans to participating parties eligible for assistance from those funds. The act requires any moneys repaid or returned to the authority in connection with or as a result of any loan or financial assistance made pursuant to these provisions to be deposited in the small business assistance fund from which the loan or assistance was originally provided. For the purpose of establishing and maintaining small business assistance funds, the act authorizes the authority to levy fees or other charges on, or require deposits from, participating parties receiving financing for a project under the act, as specified. The act requires the authority to establish the California Investment and Innovation Program for the purpose of providing grants to enhance the capacity of community development financial institutions to provide technical assistance and capital access to economically disadvantaged communities in the state, as specified. Existing law defines various terms for these purposes. This bill would authorize the authority to establish one or more small business assistance funds to fund a grant program for community development financial assistance pursuant to the California Investment and Innovation Program. The bill would include in the list of allowed financial assistance that the authority may provide under the act grants made to community development financial institutions in furtherance of that program. By expanding the purposes for which moneys in a continuously appropriated fund may be used, this bill would make an appropriation.
- Introduced
- 2025-02-21
- Latest action
- 2026-09-27 — Chaptered by Secretary of State. Chapter 651, Statutes of 2026.
- Bill type
- bill,appropriation
- Last updated
- —
Subjects
Sponsors
- Graysonauthor
Committees
Not provided by source.
Action timeline
Newest first
2026-09-27
Chaptered by Secretary of State. Chapter 651, Statutes of 2026.
became-law
2026-09-27
Approved by the Governor.
executive-signature
2026-09-02
Enrolled and presented to the Governor at 3 p.m.
executive-receipt
2026-08-27
Assembly amendments concurred in. (Ayes 39. Noes 0.) Ordered to engrossing and enrolling.
amendment-passage,committee-passage,committee-passage-favorable
2026-08-26
From committee: That the Assembly amendments be concurred in. (Ayes 9. Noes 0.)
committee-passage
2026-08-26
From committee: That the Assembly amendments be concurred in. (Ayes 9. Noes 0. Page 5924.)
committee-passage
2026-08-25
From committee: Be re-referred to Com. on B. P. & E.D. pursuant to Senate Rule 29.10(d). (Ayes 5. Noes 0.) Re-referred to Com. on B. P. & E.D.
committee-passage,referral-committee
2026-08-25
Re-referred to Com. on RLS. pursuant to Senate Rule 29.10(d).
referral-committee
2026-08-25
From committee: Be re-referred to Com. on B. P. & E.D. pursuant to Senate Rule 29.10(d). (Ayes 5. Noes 0. Page 5726.) Re-referred to Com. on B. P. & E.D.
committee-passage,referral-committee
2026-08-24
Read third time. Passed. Ordered to the Senate.
passage,reading-1,reading-3
2026-08-24
In Senate. Concurrence in Assembly amendments pending.
2026-08-24
Read third time. Passed. (Ayes 78. Noes 0. Page 6388.) Ordered to the Senate.
passage,reading-1,reading-3
2026-08-13
From committee: Do pass. (Ayes 15. Noes 0.) (August 13).
committee-passage,committee-passage-favorable
2026-08-13
Assembly Rule 63 suspended.
2026-08-13
Read second time. Ordered to third reading.
reading-1,reading-2,reading-3
2026-08-05
August 5 set for first hearing. Placed on suspense file.
2026-06-23
From committee: Do pass and re-refer to Com. on APPR. with recommendation: To consent calendar. (Ayes 8. Noes 0.) (June 23). Re-referred to Com. on APPR.
committee-passage,committee-passage-favorable,referral-committee
2026-06-23
From committee: Do pass and re-refer to Com. on E.D., G., & H.I. with recommendation: To consent calendar. (Ayes 8. Noes 0.) (June 22). Re-referred to Com. on E.D., G., & H.I.
committee-passage,committee-passage-favorable,referral-committee
2026-06-18
Assembly Rule 56 suspended.
2026-06-04
From committee with author's amendments. Read second time and amended. Re-referred to Com. on B. & F.
amendment-passage,committee-passage,reading-1,reading-2,referral-committee
2026-05-04
Referred to Com. on B. & F.
referral-committee
2026-01-26
In Assembly. Read first time. Held at Desk.
reading-1
2026-01-26
Read third time. Passed. (Ayes 39. Noes 0. Page 3286.) Ordered to the Assembly.
passage,reading-1,reading-3
2026-01-21
Read second time. Ordered to consent calendar.
reading-1,reading-2
2026-01-20
From committee: Be ordered to second reading pursuant to Senate Rule 28.8 and ordered to consent calendar.
committee-passage,reading-1,reading-2
2026-01-09
Set for hearing January 20.
2026-01-07
From committee: Do pass and re-refer to Com. on APPR. with recommendation: To consent calendar. (Ayes 5. Noes 0. Page 3187.) (January 7). Re-referred to Com. on APPR.
committee-passage,committee-passage-favorable,referral-committee
2026-01-05
Re-referred to Com. on RLS.
referral-committee
2026-01-05
Withdrawn from committee.
withdrawal
2026-01-05
Re-referred to Com. on B. & F.I.
referral-committee
2026-01-05
From committee with author's amendments. Read second time and amended. Re-referred to Com. on L. GOV.
amendment-passage,committee-passage,reading-1,reading-2,referral-committee
2025-12-18
Set for hearing January 7 in B. & F.I. pending receipt.
2025-04-02
Re-referred to Coms. on L. GOV. and L., P.E. & R.
referral-committee
2025-03-24
From committee with author's amendments. Read second time and amended. Re-referred to Com. on RLS.
amendment-passage,committee-passage,reading-1,reading-2,referral-committee
2025-03-12
Referred to Com. on RLS.
referral-committee
2025-02-24
From printer. May be acted upon on or after March 24.
2025-02-24
Read first time.
reading-1
2025-02-21
Introduced. To Com. on RLS. for assignment. To print.
introduction,referral-committee
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Votes
Do pass, but first be re-referred to the Committee on [Appropriations] with the recommendation: To Consent Calendar
2026-01-07 · pass · 5-0
Member-level votes (7)
- Strickland: yes
- Niello: yes
- Grayson: yes
- Cervantes: yes
- Richardson: yes
- Hurtado: other
- Limón: other
Consent Calendar 2nd
2026-01-26 · pass · 39-0
Member-level votes (40)
- Grayson: yes
- Blakespear: yes
- Reyes: yes
- Cervantes: yes
- Valladares: yes
- Becker: yes
- Jones: yes
- Archuleta: yes
- Cortese: yes
- Cabaldon: yes
- Umberg: yes
- Seyarto: yes
- Weber Pierson: yes
- Ashby: yes
- Hurtado: yes
- Strickland: yes
- McGuire: yes
- Stern: yes
- Durazo: yes
- Wahab: yes
- Laird: yes
- Choi: yes
- Alvarado-Gil: yes
- Pérez: yes
- McNerney: yes
- Ochoa Bogh: yes
- Dahle: yes
- Padilla: yes
- Smallwood-Cuevas: yes
- Wiener: yes
- Caballero: yes
- Limón: yes
- Allen: yes
- Arreguín: yes
- Richardson: yes
- Rubio: yes
- Menjivar: yes
- Niello: yes
- Grove: yes
- Gonzalez: other
Do pass and be re-referred to the Committee on [Economic Development, Growth, and Household Impact] with recommendation: To Consent Calendar
2026-06-22 · pass · 8-0
Member-level votes (9)
- Chen: yes
- Krell: yes
- Michelle Rodriguez: yes
- Fong: yes
- Valencia: yes
- Dixon: yes
- Soria: yes
- Blanca Rubio: yes
- Schiavo: other
Do pass and be re-referred to the Committee on [Appropriations] with recommendation: To Consent Calendar
2026-06-23 · pass · 8-0
Member-level votes (8)
- Caloza: yes
- Patel: yes
- Castillo: yes
- Wallis: yes
- Michelle Rodriguez: yes
- Soria: yes
- Solache: yes
- Petrie-Norris: yes
Related bills
No related bills recorded for this bill.
Official source
Attribution
Data from openstates_api_sync, retrieved 2026-09-30T17:58:38.519960Z
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