Community Stabilization Act: Counties of Los Angeles and Ventura.

Legislative status

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

Summary

The bill directs the California Infrastructure Bank to issue a tradable, non‑interest‑bearing security funded by qualified investors. Proceeds would go into a continuously appropriated Community Stabilization Fund, which the bank would allocate to nonprofit or public entities that purchase, maintain, and later sell damaged residential property, sharing profits with investors and the state. It was vetoed by the governor, so it is not in effect.

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

Vote

Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 69. Noes 5. Page 3110.). · Sep 9, 2025

Hearings

• Appropriations Committee Hearing
  Appropriations · Aug 29, 2025
• Appropriations Committee Hearing
  Appropriations · Aug 18, 2025
• Judiciary Committee Hearing
  Judiciary · Jul 15, 2025
• Business, Professions and Economic Development Committee Hearing
  Business, Professions and Economic Development · Jun 30, 2025
• Appropriations Committee Hearing
  Appropriations · May 23, 2025

History

1. Jan 22, 2026Consideration of Governor's veto stricken from file.
2. Oct 13, 2025Vetoed by Governor.
3. Oct 13, 2025Consideration of Governor's veto pending.
4. Sep 16, 2025Enrolled and presented to the Governor at 2 p.m.
5. Sep 9, 2025Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 69. Noes 5. Page 3110.).
6. Sep 8, 2025Read third time. Urgency clause adopted. Passed. Ordered to the Assembly. (Ayes 29. Noes 9. Page 2587.).
7. Sep 8, 2025In Assembly. Concurrence in Senate amendments pending.
8. Sep 2, 2025Read second time. Ordered to third reading.
9. Aug 29, 2025Read second time and amended. Ordered returned to second reading.
10. Aug 29, 2025From committee: Amend, and do pass as amended. (Ayes 5. Noes 2.) (August 29).
11. Aug 18, 2025In committee: Referred to suspense file.
12. Jul 17, 2025Read second time and amended. Re-referred to Com. on APPR.

The 12 most recent of 27 recorded actions.

Sponsors

• Harabedian · sponsor

Bill text

Opens the legislature’s own copy.

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