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Welcome to my legislative website. It is an honor to have this opportunity to serve my community. Please do not hesitate to contact me with any comments, questions or concerns that you may have with the district—or with your state government.
AB 1784 aims to increase bank participation in school-based savings programs
SACRAMENTO – Last week, Assemblymember Matt Dababneh (D-Encino) introduced Assembly Bill 1784. Sponsored by the California Bankers Association, Assembly Bill 1784 will help students learn about personal finance by increasing the amount of banks that can participate in school-based savings programs, commonly known as student run banks. Under current law, national banks and state savings associations can operate these types of banks at schools without establishing a branch, but state-chartered banks must formally establish a branch. Assembly Bill 1784 will even the playing field by allowing state-chartered banks to operate school-based savings programs under the same guidelines as national and state savings associations.
(SACRAMENTO) – Today, Assemblymember Matt Dababneh (D-Encino), Chair of the Assembly Banking and Finance Committee, hosted an informational hearing to discuss potential changes to California’s small dollar lending laws. These small dollar loans include payday loans, unsecured installment loans and car title loans.
“My goal is to achieve a fair and transparent loan market that balances consumer affordability with return on investment,” states Assemblymember Dababneh. “In achieving this goal I believe that the market place must be a reflection of the needs of California’s consumers, while also ensuring that licensees can be innovative in developing new products that will better serve their consumers.”
(SACRAMENTO) – Today, Assemblymember Matt Dababneh (D-Encino) released the following statement regarding Governor Jerry Brown’s 2016-17 state budget proposal.
“I commend the Governor for proposing a state budget which addresses some of California’s most pressing issues such as increased funding for education, paying down our debts, investments in transportation infrastructure, and increasing savings which will go towards the Rainy Day Fund.
As students pursue higher education, access and affordability become increasingly important. I applaud the Governor for proposing increased investments in higher education, while also helping students reduce the amount of time it takes to obtain a degree, thus reducing their debt burden.
SACRAMENTO – Assemblymember Matthew Dababneh (D-Encino) today announced that $2,100,000 in tax credits were awarded to Orbital ATK, Inc. located in Northridge. With the support of the tax credit, Orbital ATK will add 90 full-time employees to its operations in Assembly District 45 through the California Competes Tax Credit program.
“Orbital ATK, Inc. is a prime example of the many thriving businesses in the Valley doing cutting-edge work,” said Asssemblymember Dababneh. “I am pleased that by enabling the hire of 90 additional individuals and injecting an extra $2.1 million into our local economy, the California Competes Program will help the Valley’s economy to continue to grow.”
AB 1131 will modernize California’s E-Commerce law for life insurance.
(Sacramento) – Assembly Bill 1131, authored by Assemblymember Matt Dababneh (D – Woodland Hills), has been signed into law by Governor Jerry Brown. This bill will allow for broader use of voluntary e-delivery and e-signature of life insurance documents, if the consumer chooses to opt in.
Upon the Governor’s signing of AB 1131, Assemblymember Dababneh stated, “The goal of this legislation is to meet the increasing demand of California consumers seeking to conduct business electronically and, in so doing, provide the convenience of e-delivery and e-signatures while ensuring important consumer protections are in place.”
AB 147 requires that healthy research animals be offered for public adoption after testing ends.
(Sacramento) – AB 147, authored by Assemblymember Matt Dababneh (D – Encino), has been signed into law by Governor Jerry Brown after passing through the California State Legislature with bipartisan support. The bill requires that California research laboratories receiving tax-payer funding offer healthy dogs and cats, no longer needed for research purposes, to non-profit animal rescue organizations before euthanization.
Upon the Governor’s signing of AB 147, Assemblymember Dababneh stated, “California, a leader in animal welfare legislation, has passed a common-sense and compassionate law to ensure that research animals are given a second chance at life. No longer will it be acceptable to euthanize healthy and adoptable dogs and cats.”
(Sacramento) – AB 160, authored by Assemblymember Matt Dababneh (D – Encino), has been signed into law by the Governor. This bill will update the civil asset forfeiture laws to include specific white-collar crimes so that prosecutors are able to seize unlawfully obtained assets.
(Sacramento) -Chairman of the Banking and Finance Committee Assemblymember Matt
Dababneh (D -Encino) announced that his legislation, Assembly Bill 1292 which improves a program to
bring more California households into the financial mainstream, passed the California State
Legislature today. AB 1292, Bank on California, passed the State Senate by a vote of 40-0
and now heads to Governor Jerry Brown for his signature.
(Sacramento) – Assemblymember Matt Dababneh (D-Encino) announced that his legislation, Assembly Bill 221 which requires that the Department of Motor Vehicles take the first steps toward developing a digital driver’s license, passed the Legislature today by a vote of 74-4 in the Assembly and heads to the Governor’s desk with broad bipartisan support.
Assemblymember Dababneh stated, “Technological advances are constantly creating new opportunities and challenges. I am proud to have passed this bill out of the Assembly today and I look forward to the Governor signing it into law.”
(Sacramento) – AB 1131, authored by Assemblymember Matt Dababneh (D – Woodland Hills), has passed out of the California Legislature and is headed to the Governor. This bill will update the current law to allow broader use of voluntary e-delivery and e-signature of life insurance documents. After the bill’s passage, Assemblymember Dababneh stated, “the goal of this legislation is to meet the increasing demand of California consumers seeking to conduct business electronically and, in so doing, provide the convenience of e-delivery and e-signatures while ensuring important consumer protections are in place.”
Assemblymember Dababneh continued “there is no reason why I can e-sign documents to purchase a home or pay my taxes, but I cannot do so to renew my insurance.”