summary
Introduced
In Committee
Crossed Over
Passed
Dead
Signed/Enacted/Adopted
08/17/2012
08/17/2012
Introduced Session
2011-2012 Regular Session
Bill Summary
An act to amend Sections 21627, 21628, 21641, and 21642 of, and to add Section 21642.5 to, the Business and Professions Code, and to amend Sections 21300 and 21301 of, and to repeal and add Section 21208 of, the Financial Code, relating to personal property, and declaring the urgency thereof, to take effect immediately.
AI Summary
This bill aims to modernize and streamline the reporting process for secondhand dealers and pawnbrokers by establishing a single, statewide, uniform electronic reporting system for transactions involving secondhand tangible personal property, which refers to items like used goods that have serial numbers or personalized markings. Currently, these businesses are required to report each transaction on paper forms, a process deemed costly, time-consuming, and a risk to consumer data. The bill will fund this new electronic system through fees charged upon application for and renewal of licenses for secondhand dealers and pawnbrokers, with these fees deposited into a dedicated fund managed by the Department of Justice. This change is intended to relieve businesses of the burden of paper reporting, which can cost thousands of dollars monthly, and replace it with a more efficient and cost-effective electronic method, with pawnbrokers now being subject to the same reporting requirements as secondhand dealers. The bill also declares an urgency to allow for the immediate implementation of the electronic reporting system.
Committee Categories
Budget and Finance, Justice, Labor and Employment
Sponsors (81)
Connie Conway (R)*,
Lou Correa (D)*,
Mark DeSaulnier (D)*,
Ted Lieu (D)*,
Alan Lowenthal (D)*,
Alex Padilla (D)*,
Richard Pan (D)*,
Sharon Runner (R)*,
Norma Torres (D)*,
David Valadao (R)*,
Juan Vargas (D)*,
Mimi Walters (R)*,
Katcho Achadjian (R),
Luis Alejo (D),
Elaine Alquist (D),
Tom Ammiano (D),
Joel Anderson (R),
Toni Atkins (D),
Jim Beall (D),
Bill Berryhill (R),
Tom Berryhill (R),
Marty Block (D),
Robert Blumenfield (D),
Steve Bradford (D),
Joan Buchanan (D),
Charles Calderon (D),
Ronald Calderon (D),
Nora Campos (D),
Anthony Cannella (R),
Mike Davis (D),
Kevin de León (D),
Tim Donnelly (R),
Bob Dutton (R),
Mike Eng (D),
Paul Fong (D),
Felipe Fuentes (D),
Jean Fuller (R),
Beth Gaines (R),
Ted Gaines (R),
Cathleen Galgiani (D),
Martin Garrick (R),
Mike Gatto (D),
Richard Gordon (D),
Jeff Gorell (R),
Shannon Grove (R),
Curt Hagman (R),
Isadore Hall (D),
Loni Hancock (D),
Tom Harman (R),
Ed Hernandez (D),
Roger Hernandez (D),
Jerry Hill (D),
Ben Hueso (D),
Bob Huff (R),
Kevin Jeffries (R),
Dave Jones (D),
Ricardo Lara (D),
Mark Leno (D),
Carol Liu (D),
Daniel Logue (R),
Fiona Ma (D),
Tony Mendoza (D),
Jeffrey Miller (R),
Mike Morrell (R),
Brian Nestande (R),
Jim Nielsen (R),
Chris Norby (R),
Kristin Olsen (R),
Henry Perea (D),
V. Manuel Pérez (D),
Anthony Portantino (D),
Curren Price (D),
Cameron Smyth (R),
Jose Solorio (D),
Tony Strickland (R),
Sandré Swanson (D),
Donald Wagner (R),
Bob Wieckowski (D),
Das Williams (D),
Mark Wyland (R),
Leland Yee (D),
Last Action
Chaptered by Secretary of State - Chapter 172, Statutes of 2012. (on 08/17/2012)
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