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Qualifying accounts for direct deposit of publicly administered funds.

It became law on Oct 5, 2021.

CA SB 497 · Senate Bill · 2021–2022

Stage
Became law
Started in
Senate
Sponsors
2
Latest action
Oct 5, 2021

What it does

(1) Existing law requires unemployment compensation benefits administered by the Employment Development Department (EDD) , child support payments made through the State Disbursement Unit of the Department of Child Support Services, and specified public assistance payments, including payments made under the California Work Opportunity and Responsibility to Kids (CalWORKs) program, that are directly deposited to an account of the recipient's choice to be deposited into a qualifying account. Existing law defines "qualifying account" for these purposes to mean either a demand deposit or savings account at an insured financial institution in the name of the person entitled to receipt of the…

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Where it stands

This bill passed and is now law.

  1. Introduced (Done)

  2. Committee (Done)

  3. Floor (Done)

  4. Law (Done)

    Oct 5, 2021

What moved

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Who is involved

Sponsors

The lawmakers who put their names on it, lead sponsors first.

Where it goes next

Once a bill is decided, the questions are about what is done with it in California.

Work with this bill

Qualifying accounts for direct deposit of publicly administered funds. | 52