California 2025-2026 Regular Session

Assembly Banking and Finance Committee Jan 12th, 2026

Assembly Banking and Finance Committee

Key Moments

  • Blanca Rubio — Voted aye on AB 871.
  • Pilar Schiavo — Pilar Schiavo is called during roll call, with her name appearing twice in the transcript as a procedural attendance check.
  • Pilar Schiavo — Thanked Assembly Member Stephanie and expressed support for the bill.
  • Pilar Schiavo — Referred to as the member speaking in support.
  • Pilar Schiavo — Voted aye on AB 871.
  • Pilar Schiavo — The transcript appears to refer to Assembly Member Schiavo as 'Chavo' and 'Shavo' during the roll call vote on AB 1278.
  • Esmeralda Soria — Esmeralda Soria is called during the roll call, with her name repeated as the clerk continues the roll.
  • Esmeralda Soria — Esmeralda Soria is recorded voting aye during the committee’s vote sequence, with the vote repeated as the committee concludes.
  • AB501 — AB 501 was listed on the consent calendar and moved as a due pass item, with the motion sending it to the Committee on Judiciary / Appropriations as amended.
  • AB501 — Referenced as a consent calendar item with a due pass motion to Judiciary.
  • AB683 — AB 683 was listed on the consent calendar, and the motion was to send it due pass as amended to the Committee on Appropriations.
  • AB683 — Referenced as a consent calendar item with a due pass as amended motion to Appropriations.
  • AB1278 — AB 1278 was taken up on the consent calendar and described as a due pass as amended item, with the motion made to send the bill to the Committee on Appropriations.
  • AB1278 — AB 1278 (Haribedian) is taken up as a consent-calendar item, with the committee motioning for a due pass as amended to the Committee on Appropriations.
  • AB871 — AB 871 is presented and recommended for due pass to the Judiciary Committee, with amendments to be taken up there. The discussion explains that the bill is intended to address financial elder abuse and scams by strengthening reporting and response mechanisms. As amended, it would require annual mandated reporter trainings to include guidance on reporting suspected financial abuse to adult protective services, local law enforcement, the FBI’s Internet Crime Complaint Center (IC3), and the Federal Trade Commission. Speakers emphasize that the bill would help victims, law enforcement, financial institutions, and older adults by improving access to IC3 information and providing another tool to combat fraud.
  • AB871 — The committee considers AB 871 and moves a due pass recommendation to the Committee on Judiciary. The bill is then confirmed as passed, and the discussion returns to the same vote/action on AB 871.
  • Amanda Kirchner — Amanda Kirchner, with the California Welfare Directors Association, is introduced and then identifies herself while beginning her testimony in support of the bill.
  • Clifton Wilson — Testified in support on behalf of the Board of Supervisors for Kern and Humboldt counties and the city and county of San Francisco.
  • Jeff Neal — Testified in support representing the counties of Yolo and Contra Costa.
  • Andrew Mendoza — Testified in support on behalf of the Alzheimer's Association.
  • Jason Lane — Identified himself as with the California Bankers Association and said the association is not opposed to the bill but has concerns.
  • Phillip Chen — Phillip Chen was called during roll call twice in the same procedural segment.
  • Phillip Chen — Called during roll call and recorded as yes.
  • Diane Dixon — Diane Dixon was called during roll call on two separate occasions in the meeting, with no substantive discussion attached to either mention.
  • Diane Dixon — Called on by the chair to ask questions.
  • Diane Dixon — Stated support for the bill and noted prior attempts to address the issue.
  • Diane Dixon — Voted aye on AB 871.
  • Mike Fong — Mike Fong was called during the roll and then recorded as voting aye.
  • Mike Fong — Voted aye on AB 871.
  • Maggy Krell — Maggy Krell was called during roll call, responded that she was present when quorum was established, and was subsequently recorded as voting aye.
  • Maggy Krell — Voted aye on AB 871.
  • Michelle Rodriguez — Michelle Rodriguez was called during the roll and recorded as voting aye.
  • Michelle Rodriguez — Voted aye on AB 871.
  • Blanca Rubio — Blanca Rubio was called during the roll call and recorded as voting yes/aye.
  • Avelino Valencia — Avelino Valencia is first recorded as present during roll call, then votes aye, and is later addressed as Chair in a brief closing thanks to the chair and members.
  • Avelino Valencia — Voted aye on AB 871.