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A08662Introduced in the Assembly

Amends the definitions of the terms "beneficial owner", "reporting company" and "exempt company" to set the scope of certain provisions relating to beneficial owners of limited liability companies; authorizes the department of state to further clarify any such definitions.

Introduced

Introduced by Emily Gallagher, District 50

What does this bill do?

Plain-English breakdown

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Official description

Amends the definitions of the terms "beneficial owner", "reporting company" and "exempt company" to set the scope of certain provisions relating to beneficial owners of limited liability companies; authorizes the department of state to further clarify any such definitions.

Where it stands

substituted by s8432

June 13, 2025

How did lawmakers vote?

AssemblyStage: Assembly Rules Committee: Favorable · June 12, 2025

20

Yes

9

No

2

Absent or Not Voting

31 assemblymembers recorded in this Assembly vote. Colors show vote categories only, not whether a vote was good or bad.

What do people think?

Citizen Voice

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See how each assemblymember voted

Bill history

  1. referred to corporations, authorities and commissions

  2. reported referred to ways and means

  3. amend and recommit to ways and means

  4. print number 8662a

  5. reported referred to rules

  6. reported

  7. rules report cal.686

  8. ordered to third reading rules cal.686

  9. substituted by s8432

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