Capital Programs and Climate Financing Authority Act: California Investment and Innovation Program.

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. Enacted

Summary

The bill establishes the Capital Programs and Climate Financing Authority, made up of the Director of Finance, Treasurer and Controller, to create one or more small‑business assistance funds. These funds can provide loans, loan guarantees, interest‑rate subsidies, and grants to help small firms finance pollution‑control upgrades, brownfield remediation, and to support community‑development financial institutions. It also authorizes modest fees on bond issuances and eliminates the existing Bank on California program.

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

Vote

Read third time. Passed. (Ayes 78. Noes 0. Page 6388.) Ordered to the Senate. · Aug 24, 2026

Hearings

• Appropriations Committee Hearing
  Appropriations · Aug 13, 2026
• Appropriations Committee Hearing
  Appropriations · Aug 5, 2026
• Economic Development, Growth, and Household Impact Committee Hearing
  Economic Development, Growth, and Household Impact · Jun 23, 2026
• Banking and Finance Committee Hearing
  Banking and Finance · Jun 22, 2026
• Banking and Financial Institutions Committee Hearing
  Banking and Financial Institutions · Jan 7, 2026

History

1. Jun 4, 2026From committee with author's amendments. Read second time and amended. Re-referred to Com. on B. & F.
2. May 4, 2026Referred to Com. on B. & F.
3. Jan 26, 2026Read third time. Passed. (Ayes 39. Noes 0. Page 3286.) Ordered to the Assembly.
4. Jan 26, 2026In Assembly. Read first time. Held at Desk.
5. Jan 21, 2026Read second time. Ordered to consent calendar.
6. Jan 20, 2026From committee: Be ordered to second reading pursuant to Senate Rule 28.8 and ordered to consent calendar.
7. Jan 9, 2026Set for hearing January 20.
8. Jan 7, 2026From 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.
9. Jan 5, 2026Withdrawn from committee.
10. Jan 5, 2026Re-referred to Com. on RLS.
11. Jan 5, 2026Re-referred to Com. on B. & F.I.
12. Jan 5, 2026From committee with author's amendments. Read second time and amended. Re-referred to Com. on L. GOV.

The 12 most recent of 19 recorded actions.

Sponsors

• Tim Grayson (D) · sponsor
• Grayson

Bill text

Opens the legislature’s own copy.

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