SB 700: Capital Programs and Climate Financing Authority Act: California Investment and Innovation Program.

California · Senate · 2025–2026 Regular Session · last verified August 25, 2026

What SB 700 does, verified August 25, 2026

This bill would repeal a part of the financial code that relates to financial institutions. The Bank on California program, a voluntary initiative to help Californians open bank or credit union accounts and save for the future, would no longer be supported by this law.

Bill journey

✓IntroducedComplete

✓In CommitteeComplete

✓First Chamber FloorComplete

4Second ChamberCurrent

5GovernorPending

6ChapteredPending

Last action: In Senate. Concurrence in Assembly amendments pending. (2026-08-24)Alert me

Author and sponsors

Sen. Dave CorteseAuthor · California State Senate

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Recent actions26 total · showing 5

Aug. 24, 2026	In Senate. Concurrence in Assembly amendments pending.
Aug. 24, 2026	Read third time. Passed. Ordered to the Senate.
Aug. 13, 2026	Read second time. Ordered to third reading.
Aug. 13, 2026	From committee: Do pass. (Ayes 15. Noes 0.) (August 13).
Aug. 13, 2026	Assembly Rule 63 suspended.

Full action history, 21 earlier actionsConnect Plus