Latest news with #AssemblyBill
Yahoo
4 days ago
- Business
- Yahoo
California state mulls seizing assets left unclaimed for 3 years
California state mulls seizing assets left unclaimed for 3 years originally appeared on TheStreet. The California State Assembly has passed Assembly Bill (AB) 1052 with a 69-0 vote that mandates the state to seize Bitcoin and other cryptocurrencies left unclaimed for 3 years. Now, the Senate will vote on the bill. Introduced by Democrat member Avelino Valencia, the bill includes digital assets, including virtual currencies, cryptocurrencies, or other digital-only assets in the already existing list of traditional assets such as bank accounts and safe deposits within the legal framework. To put it simply, the bill, once passed, allows the state of California to seize cryptocurrencies left unclaimed on exchanges for 3 years, which can then be claimed by their owners. Notably, the bill earlier mentioned crypto self-custody provisions which have been deleted. AB 1052 is the latest crypto-related bill to see progress in the California State Assembly. Only recently, the assembly unanimously passed AB 1180 on June 2. AB 1180 is another crypto-related bill that allows state agencies to accept crypto payments. If the Senate also passes the bill and it becomes the law, it will require the Department of Financial Protection and Innovation (DFPI) to formulate rules to allow crypto payments under the Digital Financial Assets Law (DFAL). AB 1180 could come into force as early as July 1, 2026, and run as a pilot until January 1, 2031. It could then be fully implemented. California finds company among states such as Wyoming, Florida, Texas, and New Hampshire that are proactively pursuing crypto regulation. California state mulls seizing assets left unclaimed for 3 years first appeared on TheStreet on Jun 4, 2025 This story was originally reported by TheStreet on Jun 4, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Epoch Times
5 days ago
- Business
- Epoch Times
$10 Billion Affordable-Housing Bond Measure Passes California Assembly
The California Assembly passed the Affordable Housing Bond Act on June 3, putting the $10 billion bond measure one step closer to reaching the voters. Assembly Bill 736, proposed by Assemblymember Buffy Wicks, an Oakland Democrat, would authorize the general obligation bond measure to be placed on the June 2, 2026, statewide primary election ballot.
Yahoo
02-06-2025
- Business
- Yahoo
Once Legislature adjourns, all eyes will be on Lombardo's veto pen
(Photo by Trevor Bexon/Nevada Current) As of late Sunday, 223 bills were listed by the Nevada State Legislature as being in Gov. Joe Lombardo's office, and dozens more are headed his way. So far, the first-term Republican governor has vetoed just one bill and signed 169. For comparison, Lombardo vetoed 75 bills in 2023, setting a single-session veto record. He signed 535 bills. Nevada governors usually have five days, excluding Sundays, to veto a bill after it gets to their desk. Legislative rules extend that timeframe to 10 days in the waning days of the session. That means vetoes could be announced into next week. So what might Lombardo veto this year? Below are the bills the Nevada Current has covered that are now on veto watch. We've organized them by how bipartisan their journey through the Legislature was. That said, Lombardo last session did veto bills that passed unanimously, and he signed bills that the Republican caucuses voted against. Assembly Bill 44 (Attorney General Aaron Ford, D) seeks to crack down on 'knowingly deceptive' price fixing. All Republicans opposed the bill, as did a few Democrats. Assembly Bill 201 (Assemblymember Erica Roth, D) would expand efforts to automatically seal eviction records. Assembly Bill 209 (Assemblymember David Orentlicher, D) would grant sex workers immunity from criminal liability from prostitution-related offenses if they call 911 seeking medical assistance. Assembly Bill 223 (Assemblymember Venicia Considine, D) would give tenants more power to hold landlords accountable for failing to provide livable conditions. Assembly Bill 280 (Assemblymember Sandra Jauregui, D) proposes rent stabilization for seniors. Assembly Bill 283 (Assemblymember Max Carter, D) would restructure the eviction process. Assembly Bill 411 (Assemblymember Sandra Jauregui, D) would allow prescriptions for drugs used for medical abortions and miscarriage management to list the name of the prescribing health care practice, rather than the name of the specific individual providing the prescription. Assembly Bill 441 (Assemblymember Daniele Monroe-Moreno, D) would change how Opportunity Scholarships are administered. Senate Bill 350 (State Sen. James Ohrenschall, D) would extend the time period the state has for carrying out an execution of someone on death row. Assembly Bill 398 (Assembly Speaker Steve Yeager, D) would provide additional pay for public school district teachers in hard-to-fill positions and establish a fund for broader charter school raises. Yeager amended the charter school provision into the bill after Lombardo threatened to veto the K-12 education budget over the issue. AB 398 passed the Legislature with broad bipartisan support, with only Democratic Assemblymember Natha Anderson opposing. After its final vote, Lombardo signed the K-12 budget bill, a strong sign he will likely sign AB398. Assembly Bill 555 (Assembly Speaker Steve Yeager, D) would prohibit private insurance companies from charging people more than $35 for a 30-day supply of insulin. The bill received broad bipartisan support, with only Senate Republicans John Ellison and Robin Titus opposing. Assembly Bill 452 would ensure customers receive full refunds with interest for overcharges and extend regulatory timelines for rate case reviews. The bill received bipartisan support, with eight of 15 Assembly Republicans supporting the bill. All eight Senate Republicans voted for the bill after an amendment. Assembly Bill 96 would mandate that cities and counties with populations exceeding 100,000 people include 'heat mitigation' as part of their master plans. The bill passed with some bipartisan support. Three of 23 Republicans supported the bill. Assembly Bill 457 (Assemblymember Venicia Considine, D) originally sought to close a potential loophole that can be used by corporate landlords to avoid paying the state's commerce tax. It has now been amended into a study on the issue. Only one Republican, Assemblymember John Steinbeck, supported the bill. Assembly Bill 217 would prohibit school employees from granting permission to immigration officers to enter a school, or provide student records, including information on a student's family, without a warrant. Six of 23 Republicans joined Democrats in support. Assembly Bill 185 (Assemblymember Natha Anderson, D) would bar most HOAs from prohibiting licensed home-based childcare operations within their communities. Fourteen of 23 Republicans opposed. Senate Bill 69 (Storey County) would require companies seeking massive tax abatements to enter into agreements to defray the costs of the government-provided services they would require. Seven of 23 Republicans opposed. Assembly Bill 215 (Assemblymember Daniele Monroe-Moreno, D) would prohibit high school teenagers from working between 11 p.m. and 6 a.m. before a school day. The bill received broad bipartisan support, with just three Senate Republicans voting against it. Assembly Bill 502 would boost the state's ability to investigate and enforce prevailing wage violations. The bill received broad bipartisan support,with only two Assembly Republicans opposing. Assembly Bill 112 (Assemblymember Duy Nguyen, D) would allow workers covered by collective bargaining agreements to use their accrued leave to care for family members. The bill passed the Legislature with some bipartisan support. Senate Bill 121 (State Sen. Dina Neal, D) changes what homeowners' associations are allowed to require of new residents. Eight of 23 Republicans supported. Senate Bill 348 (State Sen. Julie Pazina, D) would increase the fee hospitals pay the Nevada State Public Health Lab for a newborn screening panel to expand newborn screenings for rare diseases. Thirteen of 23 Republicans supported. Assembly Bill 241 (Assemblymember Sandra Jauregui, D) would require counties to speed up the process to rezone land currently designated commercial use into residential or mixed use. Three Republicans supported. Assembly Bill 121 (Assemblymember Venicia Considine, D) would require all non-optional fees, such as sewer and water, be listed in advertisements for rental properties. It would also require landlords to offer a way for tenants to pay rent without added processing fees. Three Republicans voted for the bill. Assembly Bill 211 (Assemblymember Venicia Considine, D) would allow a third party to take over the property until repairs are made and living conditions improved. The bill passed with broad bipartisan support, with only Republican state Sen. Robin Titus opposing. Senate Bill 88 would discharge medical debt from those incarcerated once they leave prison. The bill received broad bipartisan support. Senate Bill 54 would require the state's Department of Health and Human Services to apply for a federal waiver and amend the state Medicaid plan to cover medical respite care for people experiencing homelessness. Assembly Bill 321 (Assemblymember Jovan Jackson, D) seeks to establish a pathway for formerly incarcerated people to work as firefighters with the Nevada Division of Forestry. Assembly Bill 104 would establish the Nevada Voluntary Water Rights Retirement Program, which would allow willing landowners to sell their water rights back to the state through the year 2035. Assembly Bill 277 (Assemblymember Rich DeLong, R) would make the Net Proceeds of Minerals Bulletin public again. Assembly Bill 176 (Assemblymember Selena Torres-Fossett, D), known as the Right to Contraception Act, would strengthen protections against a state or local government burdening access to contraceptive measures. Senate Bill 353 (State Sen. Marilyn Dondero Loop, D) would increase Medicaid reimbursement for mental health providers.
Yahoo
26-02-2025
- Entertainment
- Yahoo
Summerlin Studios: 31-acre film hub in Las Vegas hinges on bill approval
LAS VEGAS (KLAS) — Warner Bros. Discovery is joining Sony Pictures Entertainment and Howard Hughes Holdings to develop a 31-acre film hub in Las Vegas, the companies announced Wednesday morning. The project, dubbed Summerlin Studios, would be a 31-acre production facility that would include 'multiple stages and related buildings, capabilities and infrastructure.' It would be constructed within a planned 100-acre mixed-use development area. The facility is expected to be constructed near Town Center Drive and Flamingo Road on a parcel of land owned by Howard Hughes Holdings. The project hinges on Assembly Bill 238 being approved by the Nevada Legislature. The Nevada Studio Infrastructure Jobs and Workforce Training Act would provide $80 million in film tax credits from 2028 to 2043 and require at least $400 million to be invested in Nevada. The bill is sponsored by Assembly Majority Leader Sandra Jauregui, who set high expectations for the project. 'The investments Warner Bros. Discovery, Sony Pictures Entertainment and Howard Hughes expect to make, in terms of infrastructure, education and workforce development, could create nearly 18,000 jobs and produce a whole new industry in Nevada,' Jauregui said in a news release. The proposed tax credits are contingent on a $400 million capital investment and the completion of Summerlin Studios before those tax credits are earned. Assembly Bill 238 is expected to be amended to reflect details of the Summerlin Studios project ahead of its Thursday hearing. Additionally, to receive the tax credit, 50 percent of a film's shoot would be required to take place in Nevada, and the production would need to be completed within 18 months of the first day of principal photography. Warner Bros. Discovery was previously part of a separate bill in the 2023 legislative session, a proposal to construct a film studio at UNLV Harry Reid Research & Technology Park sponsored by Democratic State Sen. Roberta Lange. Lange later said the legislation was not part of the Warner Bros. Discovery's vision. It's unclear what parts of this bill, including educational aspects of the legislation, will be added to the Assembly Bill. Warner Bros. claimed three of the top 25 box office hits of 2024, including Beetlejuice Beetlejuice, Dune: Part Two, and Godzilla x Kong: The New Empire. That trio of films earned a reported $772 million at the box office. At the same time, the Sony-distributed Bad Boys: Ride or Die, It Ends With Us, Venom: The Last Dance, and Ghostbusters: Frozen Empire all cracked the top 25, reportedly taking in nearly $600 million. The companies claim that the Summerlin Studios project will create tens of thousands of new jobs with an annual economic impact of more than $3 billion. AB238 is scheduled for a hearing on Thursday in the Assembly Revenue Committee. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
