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California · 2025–26 Regular Session · Assembly Bill

AB 1065: Credit card transaction fees: tax payments: Consumer Inflation Reduction and Tax Fairness Act.

Did not advance Official data

  1. Introduced
  2. In committee
  3. Passed one chamber
  4. Passed both chambers
  5. Enacted
  6. Did not advance

Last official action: ·Record last updated:

Plain-language summary

AB 1065 is a assembly bill introduced in the California Assembly on February 20, 2025. According to its official title, it concerns: Credit card transaction fees: tax payments: Consumer Inflation Reduction and Tax Fairness Act. Primary sponsor: Liz Ortega (D). It lists 4 additional sponsors. Most recent recorded action (February 2, 2026): From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.

Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written

Official summary

Legislative Counsel’s Digest (official, as of the latest version). Written by nonpartisan legislative staff; reproduced verbatim.

Existing law, the Financial Code, provides for the licensure and regulation of various types of financial institutions and transactions. Existing law, the Song-Beverly Credit Card Act of 1971, regulates the issuance, use, and processing of credit cards and credit card transactions.

This bill would enact the Consumer Inflation Reduction and Tax Fairness Act, within the Financial Code, to require that the calculation of interchange fees charged by an issuer, a payment card network, an acquirer bank, or a processor not take into account certain state and local taxes and fees, as specified. The bill would define various terms for these purposes. The bill would prohibit a payment card network, an acquirer bank, or a processor from altering the computation of interchange fees, either by increasing the rate or the amount of fees applicable, to circumvent the effects of the act.

Existing law, the Unfair Competition Law, makes various practices unlawful and provides that a person who engages, has engaged, or proposes to engage in unfair competition is liable for a civil penalty, as specified.

This bill would provide a violation of its provisions is enforceable pursuant to the Unfair Competition Law, as provided.

Sponsors

Sponsors by party (alphabetical): Democratic 5

NameRolePartyChamberDistrict
Liz OrtegaPrimary sponsorDemocraticAssembly20
Dave CorteseCo-sponsorDemocraticSenate15
Robert GarciaCo-sponsorDemocraticAssembly50
Corey JacksonCo-sponsorDemocraticAssembly60
Christopher WardCo-sponsorDemocraticAssembly78

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

  1. From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.
  2. Died pursuant to Art. IV, Sec. 10(c) of the Constitution.
  3. Re-referred to Com. on B. & F.
  4. From committee chair, with author's amendments: Amend, and re-refer to Com. on B. & F. Read second time and amended.
  5. In committee: Set, first hearing. Failed passage. Reconsideration granted.
  6. Re-referred to Com. on B. & F.
  7. Read second time and amended.
  8. From committee: Amend, and do pass as amended and re-refer to Com. on B. & F. (Ayes 7. Noes 3.) (April 8).
  9. Re-referred to Com. on JUD.
  10. From committee chair, with author's amendments: Amend, and re-refer to Com. on JUD. Read second time and amended.
  11. Re-referred to Coms. on JUD. and B.&F. pursuant to Assembly Rule 96.
  12. Referred to Coms. on B.&F. and JUD.

Sources

  1. California Legislative Information — pubinfo database export
  2. Official bill page