State Bank Act.

Legislative status

1. Introduced
2. In Committee
3. Reported by Committee
4. Floor Vote Scheduled
5. Passed One Chamber
6. Passed Both Chambers
7. Sent to Executive
8. Signed into Law

Summary

AB 2243 establishes a State Bank Commission composed of top state officials and appointed experts, and directs it to draft a comprehensive plan for a state‑owned bank that would hold state funds and provide public‑purpose financing. It also amends existing law to limit the number of public‑bank licenses and requires a study after the tenth license. The bill aims to centralize financing for affordable housing, climate projects, small‑business loans, and other public needs.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Vote

From committee: Do pass and re-refer to Com. on APPR. (Ayes 7. Noes 2.) (April 23). Re-referred to Com. on APPR. · Apr 23, 2026

Hearings

• Appropriations Committee Hearing
  Appropriations · May 14, 2026
• Appropriations Committee Hearing
  Appropriations · May 6, 2026
• Banking and Finance Committee Hearing
  Banking and Finance · Apr 23, 2026
• Economic Development, Growth, and Household Impact Committee Hearing
  Economic Development, Growth, and Household Impact · Apr 14, 2026
• Economic Development, Growth, And Household Impact
  Economic Development, Growth, And Household Impact · Apr 14, 2026

History

1. May 14, 2026In committee: Held under submission.
2. May 6, 2026In committee: Set, first hearing. Referred to APPR. suspense file.
3. Apr 23, 2026From committee: Do pass and re-refer to Com. on APPR. (Ayes 7. Noes 2.) (April 23). Re-referred to Com. on APPR.
4. Apr 21, 2026Re-referred to Com. on B. & F.
5. Apr 20, 2026From committee chair, with author's amendments: Amend, and re-refer to Com. on B. & F. Read second time and amended.
6. Apr 14, 2026From committee: Do pass and re-refer to Com. on B. & F. (Ayes 5. Noes 2.) (April 14). Re-referred to Com. on B. & F.
7. Mar 23, 2026Re-referred to Com. on E.D., G., & H.I.
8. Mar 19, 2026Referred to Coms. on E.D., G., & H.I. and B. & F.
9. Mar 19, 2026From committee chair, with author's amendments: Amend, and re-refer to Com. on E.D., G., & H.I. Read second time and amended.
10. Feb 20, 2026From printer. May be heard in committee March 22.
11. Feb 19, 2026Read first time. To print.

Sponsors

• Haney · sponsor
• Elhawary
• Kalra
• Lee

Bill text

Opens the legislature’s own copy.

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