AB 354 will be heard on June 20th in the SENATE BANKING AND FINANCIAL INSTITUTIONS COMMITTEE
Majority Leader Ian Calderon is proposing AB 354, which would require Institutional Landlords to report the individual addresses of the homes they own to the State each year, including income and rent increases.
PLEASE CALL and MESSAGE THE COMMITTEE Members and urge them to Vote YES and move this bill forward! The Tenants of Corporate Landlords DESERVE transparency and a fighting chance against Billionaire Wall Street Landlords. It is only requiring REPORTING – no harm to the Billionaires. But, the information is critical to tenants and potential tenants as a Consumer Protection measure, for research, and tracking the impact on Californians.
|SENATE BANKING AND FINANCIAL INSTITUTIONS COMMITTEE MEMBERShttp://sbnk.senate.ca.gov/||Phone||Notes: how will they vote on AB354?ASK THEM – AB354|
|Senator Steven Bradford – CHAIR District 35: Los Angeles County communities of Carson, Compton, West Compton, Gardena, Harbor City, Hawthorne, Inglewood, Lawndale, Lennox, West Carson, Watts, Willowbrook, and Wilmington||(916) 651-4035||https://www.facebook.com/stevenbradford62/|
|Senator Andy Vidak – Vice Chair District 14: Fresno, Kern, Kings and Tulare counties||(916) 651-4014||https://www.facebook.com/senatorandyvidak/|
|Senator Ted Gaines – District 1: Alpine, El Dorado, Lassen, Modoc, Nevada, Placer, Plumas, Sacramento, Shasta, Siskiyou and Sierra counties. It is a diverse district that also includes many of the Sacramento suburbs. Major cities within the district include: Yreka, Redding, Auburn, South Lake Tahoe, Truckee, Grass Valley, Folsom, Placerville, El Dorado Hills, Susanville, Quincy and Alturas||(916)651-4001||https://www.facebook.com/SenatorTedGaines/|
|Senator Cathleen Galgiani – District 5: San Joaquin County and portions of Stanislaus and Sacramento Counties||(916) 651-4005||https://www.facebook.com/SenatorCathleenGalgiani/|
|Senator Ben Hueso – District 40: San Diego and all of Imperial County.||(916) 651-4040|
|Senator Ricardo Lara – District 33: Los Angeles County cities and communities of Cudahy, Bell, Bell Gardens, Lynwood, Maywood, Signal Hill, Paramount, South Gate, Vernon, Walnut Park, Huntington Park, and most of Long Beach with portions of the cities of Lakewood & L.A.||(916) 651-4033||https://www.facebook.com/SenatorRicardoLara/|
|Senator Anthony J. Portantino – District 25: Sunland-Tujunga, Glendale, Pasadena, Altadena, Atwater Village, La Cañada Flintridge, La Crescenta, Montrose, South Pasadena, San Marino, Sierra Madre, Monrovia, Duarte, Glendora, San Dimas, La Verne, Claremont, San Antonio Heights, and Upland plus most of Burbank. The district includes the Bob Hope Airport and the communities of interest surrounding and using Griffith Park.||(916) 651-4025||https://www.facebook.com/portantino/|
|ASSEMBLY BILL||No. 354|
|Introduced by Assembly Member Calderon|
|February 08, 2017|
LEGISLATIVE COUNSEL’S DIGEST
Vote: majority Appropriation: no Fiscal Committee: yes Local Program: no
THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:
Division 21 (commencing with Section 60000) is added to the Financial Code, to read:
DIVISION 21. Institutional Investors
(a) An institutional investor shall register by July 1, 2018, and annually thereafter, with the department by providing the Department of Business Oversight with a written statement of all of the following:
(B)Owns more than 100 single-family homes in the state during a calendar year.
(2)“Institutional investor” does not include a public entity, including, but not limited to, the state or a city, county, or city and county.
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