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News reports and commentators have cited the state's various legislative supermajority requirements as a contributing factor to the state budget crisis. [23] [24] The state has a long history of supermajority requirements with a 1933 state ballot measure mandating a two-thirds supermajority to pass the state budget and California Proposition 13 (1978) mandating another two-thirds supermajority ...
The U.S House passed a bill in early April, 2008 that would offer government insurance on $300 billion (~$417 billion in 2023) in new mortgages to refinance loans for an estimated 500,000 borrowers facing foreclosure and an additional 15 billion to affected states to buy and fix foreclosed homes.
California Assembly Bill 811 (2008) ... 2008–2012 California budget crisis; C. California State Legislature, 2007–2008 session ... Sustainable Communities and ...
The Song-Beverly Credit Card Act of California was passed in 1971 to protect consumer information in credit card transactions. [16] Under the act, companies may not collect personally identifiable information from consumers who purchase goods or services using credit cards.
Bill Clinton stated (in 2008): "I don't see that signing that bill had anything to do with the current crisis." [21] Luigi Zingales argues that the repeal had an indirect effect. It aligned the formerly competing investment and commercial banking sectors to lobby in common cause for laws, regulations and reforms favoring the credit industry. [22]
A consumer can take action to get what they paid for, including at least $1,000 in damages. What new hidden fees law mean for Californians Starting July 2024, you won’t be blindsided by how much ...
A later version of the bill that changed a minor provision of which the president disapproved was quickly passed by Congress (H.R. 4986) and was enacted with the president's approval as Pub.L. 110–181 on January 28, 2008.
Social safety net programs emerged as one of the big winners of a budget deal hammered out between Gov. Gavin Newsom and lawmakers with both sides compromising on some fronts to get to the nearly ...