Press Release

Hertzberg Bills on Cannabis Banking, Consumer Protection Clear Appropriations Committee

Senate Majority Leader also offers comment on SB 254 becoming a two-year bill

May 16, 2019

SACRAMENTO – Legislation by Senate Majority Leader Bob Hertzberg (D-Van Nuys) that would establish the framework to allow licensed cannabis businesses to open bank accounts, along with bills to protect consumers wronged by for-profit colleges and the bail and immigration bond industries, passed the Senate Appropriations Committee today.

“As policymakers, we have a duty to further the will of the voters while protecting public safety. We can’t sit by while the safety of legal business owners, their employees, and the general public are put at risk. SB 51 represents a first step in getting cannabis cash off the street and integrating these legal businesses into our economy,” said Senator Hertzberg.

“I also thank the Appropriations Committee for approving SB 63, which will provide tax relief to students whose worlds were turned upside down when Brightwood Colleges and Art Institutes suddenly closed; and SB 318, which makes it clear that consumer financial protection laws apply to the unfair bail and immigration bond industries.”

The chair of the Appropriations Committee, Senator Anthony Portantino, also announced a “2 Year Bill” list, which included Hertzberg’s Resilient Homes Initiative (SB 254).

“The risk of the next catastrophic earthquake happening increases with each minute that we don’t dedicate to safeguarding our state’s homes,” added Senator Hertzberg. “I intend to work diligently over the coming months with the California Earthquake Authority and stakeholders in the insurance industry to get this bill over the finish line. As seismologist Dr. Lucy Jones has smartly said before: ‘The next big earthquake is inevitable, but the disaster is not.’”

The following bills authored by Hertzberg passed out of Senate Appropriations today and will be eligible for a Senate floor vote next week:

SB 51 - Cannabis Banking - authorizes the creation of cannabis limited charter banks and credit unions and authorize the use of special purpose checks issued by those institutions for specified purposes.

SB 63 - For-Profit College Student Tax Relief - ensures that students impacted by the recent closures of Brightwood Colleges and Art Institutes across California are not penalized for the failure of the for-profit colleges by certifying that their federal loan debt assistance is not considered “gross income” for tax purposes.

SB 205 - Stormwater Quality Improvement Act - diminishes water pollution by requiring industrial facilities to demonstrate compliance with the Industrial General Permit (IGP) when applying for their business license or renewal. This would standardize the filing process for all facilities subject to an IGP, encouraging uniformity with water quality requirements, and would bolster California’s efforts to keep harmful pollutants out of precious water sources.

SB 237 - California STEM Laureate - establishes the position of California Laureate for STEM to be appointed by the governor. The Laureate will travel throughout the state to schools, universities, and events to better inform, educate, and excite Californians about STEM issues.

SB 258- Supporting Both Ends of the Leash - makes $5,000,000 available to homeless shelters to serve the needs of pets for people experiencing homelessness, such as shelter, food, and basic veterinary services.

SB 265 - Commitment to Child Hunger Prevention - SB 250 (Hertzberg, 2017) made the practice of lunch shaming illegal, but some schools are still maintaining policies that discriminate against children because they didn’t have lunch money that day. SB 265 ensures that meal charge policies established by school officials do not delay or deny food, or provide an alternative meal to punish students.

SB 315 - Opportunity Zones - requires the Governor’s Office of Business and Economic Development, in cooperation with the Office of Planning and Research, to track information related to Opportunity Zone investments.

SB 318 - Bail and Immigration Consumer Protection Act of 2019 - strengthens protections for vulnerable California consumers by making it clear that consumer financial protection laws apply to all bail and immigration bond companies.

SB 342 - Trusted Ticketing - Dishonest marketing companies often manipulate internet searches by using the venue or artist name to bait consumers into believing they are purchasing the lowest-priced tickets directly from a venue, when that is not the case. SB 342 would prohibit the use of specific team names, leagues, venues, events, performances, or other trademarks in the URL of non-official ticket websites.

SB 389 - Mental Health Services Act for Parolees - amends the MHSA to authorize counties to use money from the MHSA to provide services to people who are participating in a presentencing or post sentencing diversion program or who are on parole, probation, post release community supervision, or mandatory supervision.

SB 520 - Electricity Safety Net - establishes a safety net for electricity customers, ensuring that service continues without disruption or extreme price shocks in the event that an electricity provider exits the market for any reason. 

You can find a full list of Senator Hertzberg’s pending 2019 legislation here.

Media Contact: Katie Hanzlik
Press Secretary
Senator Robert M. Hertzberg
Capitol Building, Room 313
(916) 651-4018