On Sep. 6, CAL LEG enrolled bill on victim fund and corporate fines.
CAL LEG enrolled bill AB 2432 which is entitled the California victims of crime act.
The bill would amend CAL LEG 2-8-1-1202.4, Penal code on judgment and execution.
Bill Provisions
California Victims of Crime Act establishes the California Crime Victims Fund, which will be appropriating funds to the Office of Emergency Services for victim support.
The Office must consult the steering committee and report annually on fund deposits.
Court can impose corporate white collar criminal enhancement on convicted companies
Fine amount considers the offense's seriousness and the corporation's financial status.
If a corporation is convicted of a misdemeanor or felony, a restitution fine is required.
Collected fines go to the Crime Victims Fund and to the prosecuting agency.
Legislative History
On Feb. 13, 2024, bill introduced in Assembly; on May 23, 2024, bill passed Assembly.
On May 24, 2024, bill introduced in Senate; on Aug. 26, 2024, bill passed in Senate.
On Sep. 5, 2024, bill was enrolled and delivered to governor for further action.
Effectiveness
No effective date specified; CAL bills generally effective Jan. 1 next year, Jan. 1, 2025.
Sep. 27, 2024 CAL LEG Governor Approved
On Sep. 27, 2024, CAL LEG reported governor approved AB 2432 as Chapter 651.
Regulators
CAL LEG
Entity Types
Corp
Reference
Ch. 651, 9/27, 2024; Bill, AB2432, 9/6/2024; Citation: CAL LEG 2-8-1-1202.4;
