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AB 1781 CA
Became Law

Federal Home Loan Banks.

CA · session 20252026 · Assembly / House · bill

A state bill is a proposed law in a state legislature — separate from the U.S. Congress. Learn more →

Introduced Feb 9, 2026

Latest action (Jul 16, 2026) Chaptered by Secretary of State - Chapter 90, Statutes of 2026.

Summary

California Assembly Bill 1781 would modify insurance insolvency law to protect Federal Home Loan Bank security rights. The bill would prohibit courts from staying or enjoining Federal Home Loan Banks from enforcing collateral pledged by insurer-members, and would restrict conservators or liquidators from voiding FHLB security transfers unless they were made with intent to defraud creditors.

AI-generated plain-language summary of the bill (from the OpenStates abstract — no full text available yet) — neutral, and may be imperfect.

Official abstract

Existing law creates the Department of Insurance, headed by the Insurance Commissioner, and generally regulates the business of insurance in the state. Existing law generally regulates insolvency and delinquency proceedings for insurers. This bill would prohibit a Federal Home Loan Bank (FHLB) from being stayed, enjoined, or prohibited from exercising or enforcing any right or cause of action against collateral pledged by an insurer-member or an FHLB insurer-member under any FHLB security agreement, as specified. Existing law generally provides for the voiding of specified transfers during insolvency proceedings for insurers. This bill would prohibit a receiver, rehabilitator, liquidator, or conservator from voiding any transfer of, or any obligation to transfer, money or other property arising under or in connection with any FHLB security agreement with an insurer-member unless the transfer was made with actual intent to hinder, delay, or defraud either existing or future creditors. This bill would define terms for purposes of these provisions.

Sponsor (1)

Action history (16)
  1. Feb 9, 2026 Read first time. To print. · lower
  2. Feb 10, 2026 From printer. May be heard in committee March 12. · lower
  3. Mar 16, 2026 Referred to Com. on INS. · lower
  4. Apr 15, 2026 From committee: Do pass. To Consent Calendar. (Ayes 17. Noes 0.) (April 15). · lower
  5. Apr 16, 2026 Read second time. Ordered to Consent Calendar. · lower
  6. Apr 23, 2026 Read third time. Passed. Ordered to the Senate. (Ayes 74. Noes 0. Page 4795.) · lower
  7. Apr 23, 2026 In Senate. Read first time. To Com. on RLS. for assignment. · upper
  8. May 6, 2026 Referred to Coms. on INS. and JUD. · upper
  9. Jun 10, 2026 From committee: Do pass and re-refer to Com. on JUD. with recommendation: To Consent Calendar. (Ayes 6. Noes 0.) (June 10). Re-referred to Com. on JUD. · upper
  10. Jun 24, 2026 From committee: Do pass. To Consent Calendar. (Ayes 13. Noes 0.) (June 23). · upper
  11. Jun 25, 2026 Read second time. Ordered to Consent Calendar. · upper
  12. Jul 2, 2026 Read third time. Passed. Ordered to the Assembly. (Ayes 37. Noes 0.). · upper
  13. Jul 2, 2026 In Assembly. Ordered to Engrossing and Enrolling. · lower
  14. Jul 15, 2026 Enrolled and presented to the Governor at 11:15 a.m. · legislature
  15. Jul 16, 2026 Approved by the Governor. · legislature
  16. Jul 16, 2026 Chaptered by Secretary of State - Chapter 90, Statutes of 2026. · legislature
Subjects
FederalHomeLoanBanks

Full text

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