Assembly BillIntroducedHealth and Safety
AB 2607: California Americans with Disabilities Act Small Business Capital Access Loan Program.
What AB 2607 does, verified May 16, 2026
The bill aims to increase the cap for qualified loans under the program to $250,000, allowing more small businesses to access capital. The funds from the seismic safety program will be transferred to the Americans with Disabilities Act program, expanding the purposes for which moneys can be used. This transfer will also enable the program to provide financial assistance to eligible projects. The bill also increases the administrative expenditure limit to 5% of the initial appropriation, plus 5% of all interest earned and moneys recaptured, and extends the loan terms and recapture limits to 15 years.
Bill journey
1IntroducedCurrent
2In CommitteePending
3First Chamber FloorPending
4Second ChamberPending
5GovernorPending
6ChapteredPending
Last action: In committee: Held under submission. (2026-05-14)Alert me
Author and sponsors
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| May. 14, 2026 | In committee: Held under submission. |
| Apr. 15, 2026 | In committee: Set, first hearing. Referred to APPR. suspense file. |
| Apr. 07, 2026 | From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 9. Noes 0.) (April 6). Re-referred to Com. on APPR. |
| Mar. 10, 2026 | Re-referred to Com. on B. & F. |
| Mar. 09, 2026 | From committee chair, with author's amendments: Amend, and re-refer to Com. on B. & F. Read second time and amended. |