California AB 2795: Medi-Cal: prior authorization.

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 Bill Text - AB-2795 Financial regulation.

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 |Add To My Favorites |Track Bill | Version: 06/09/26 - Amended Senate
 04/16/26 - Amended Assembly
 03/19/26 - Introduced

 AB-2795 Financial regulation.(2025-2026)

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 Date Published: 06/09/2026 09:00 PM

AB2795:v97#DOCUMENTBill Start

 Amended
 IN 
 Senate
 June 09, 2026

 Amended
 IN 
 Assembly
 April 16, 2026

 CALIFORNIA LEGISLATURE—
 2025–2026 REGULAR SESSION

 Assembly Bill

No. 2795

Introduced by Committee on Banking and Finance

March 19, 2026

 An act to amend Sections 25608, 31210, and 31526 of the Corporations Code, to amend Sections 331.5, 2042, 8032, 12214, 17207, 18351, 23016, and 50401 of, to add Section 302 to, and to repeal Division 15.5 (commencing with Section 32000) of, the Financial Code, and to amend Sections 16430 and 53667 of the Government Code, relating to finance.

LEGISLATIVE COUNSEL'S DIGEST

AB 2795, as amended, Committee on Banking and Finance.
 Financial regulation.

(1) Existing law, the Franchise Investment Law, generally provides for the regulation of the offer and sale of franchises and requires the Commissioner of Financial Protection and Innovation to maintain a risk-based process of reviewing franchise applications with emphasis on risks associated with the franchisor’s financial condition, the franchisor’s compliance record, and significant deficiencies with the franchisor’s application. Existing law requires certain written disclosures under that law to be signed and verified, under penalty of perjury. 

Existing law makes it unlawful for a person to effect or attempt to effect a sale of a franchise in this state unless the person meets certain criteria, including being identified in Item 2 of a franchise disclosure document submitted with an application
 or amended application filed with the commissioner, as specified.

This bill would remove the above-described specific reference to Item 2 of a franchise disclosure document. The bill would also make it unlawful for a franchise broker to effect or attempt to effect a sale of a franchise in this state unless the person is registered as a franchise broker, notwithstanding certain exceptions from the above-described provisions. The bill would additionally make it unlawful for a franchise broker to effect or attempt to effect a sale of a franchise in this state in a transaction that is exempted unless the franchise broker is registered, as specified. The bill would make other related changes to that law. By expanding the crime of perjury, the bill would impose a state-mandated local program.

(2) The State Assistance Fund for Enterprise Act of
 1989 authorizes the creation of a nonprofit corporation called the State Assistance Fund for Enterprise, Business and Industrial Development Corporation for the general purpose of enhancing the availability of financial assistance for small businesses in California. The act requires the State Controller to establish a separate account in the General Fund entitled the State Enterprise Loan Fund, which is continuously appropriated for purposes of the act.

This bill would repeal that act. 

(3) Existing law specifies the types of securities that are eligible for the investment of surplus state funds, which include, among other things, bonds, notes, or other obligations of a local government of this state. Existing law requires those local bonds, notes, or other obligations to be within the top 3 ratings of a nationally recognized statistical rating
 organization.

Existing law also provides that an eligible security for the investment of surplus state funds includes bonds, debentures, and notes issued by corporations organized and operating with the United States and requires that those securities be within the top 3 ratings of a nationally recognized statistical rating organization.

This bill would instead require those local bonds, notes, or other obligations and corporate bonds, debentures, and notes to be rated in a rating category of “A” or its equivalent or better by such an organization to be eligible for investment.

Existing law provides that an eligible security for the investment of surplus state funds includes bonds, notes,
 warrants, and other securities not in default that are the direct obligations of the government of a foreign country, as described, if the securities are rated investment grade, or its equivalent or better, by a nationally recognize