Bill Text: CA AB2555 | 2019-2020 | Regular Session | Introduced

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Bill Title: Commissioner of Business Oversight.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2020-02-20 - From printer. May be heard in committee March 21. [AB2555 Detail]

Download: California-2019-AB2555-Introduced.html

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CALIFORNIA LEGISLATURE— 2019–2020 REGULAR SESSION

Assembly Bill

No. 2555

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Introduced by Assembly Member Chen

February 19, 2020

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An act to amend Section 352 of the Financial Code, relating to financial institutions.

LEGISLATIVE COUNSEL'S DIGEST

AB 2555, as introduced, Chen. Commissioner of Business Oversight.

Existing law establishes that the chief officer of the Department of Business Oversight is the Commissioner of Business Oversight, who is charged with regulating various business and financial entities. Existing law authorizes the commissioner to employ deputies, examiners, appraisers, and various other employees to discharge the duties imposed on the commissioner by law.

This bill would make nonsubstantive changes to these provisions.

Digest Key

Vote: MAJORITY   Appropriation: NO   Fiscal Committee: NO   Local Program: NO  

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Bill Text

The people of the State of California do enact as follows:

SECTION 1.

 Section 352 of the Financial Code is amended to read:

352.

 The commissioner may employ deputies in addition to the chief deputy, and examiners, appraisers, technical assistants, investigators, administrative assistants, clerks, and other employees that he or she may need as needed to discharge in a proper manner the duties imposed upon him or her the commissioner by law. He or she The commissioner shall prescribe their duties and fix their compensation in accordance with classifications made by the State Personnel Board. The commissioner may also, at those times and on those terms as may be approved by the Governor, employ those attorneys as he or she may need. attorneys as needed.