I reviewed the document for "controllable electronic records" and I could not find any issues with it. This bill applies to financial transactions between buyers and sellers and updates the language to reflect the computer age , electronic records and other states commercial codes.
The Fed is going to start the CBDC experiment in July and this bill has nothing to do with it.
For a better opinion, ask a commercial contracts lawyer.
I read the first few pages of the bill analysis. I can't figure out why you are opposing it. It is endorsed by the Credit Unions. It changes language in the Commercial code so that it is uniform amongst the States. What is your objection?
“VOTE NO on SB-95” - PLEASE CALL on MONDAY, APRIL 10th; Hearing set for 4/11/23.
Hi - I called all the offices for SB-95, but I am also wondering where the text of the bill discusses central bank digital currencies? Is something snuck in there? Any help is appreciated. https://leginfo.legislature.ca.gov/faces/billTextClient.xhtml?bill_id=202320240SB95
OOPS! I see mention of it in the "Analysis" of it. https://leginfo.legislature.ca.gov/faces/billAnalysisClient.xhtml?bill_id=202320240SB95#
It is where they are making provisions for the handling of "digital assets" aka "controllable electronic records"
I reviewed the document for "controllable electronic records" and I could not find any issues with it. This bill applies to financial transactions between buyers and sellers and updates the language to reflect the computer age , electronic records and other states commercial codes.
The Fed is going to start the CBDC experiment in July and this bill has nothing to do with it.
For a better opinion, ask a commercial contracts lawyer.
I read the first few pages of the bill analysis. I can't figure out why you are opposing it. It is endorsed by the Credit Unions. It changes language in the Commercial code so that it is uniform amongst the States. What is your objection?
Nice to see you back in action. Thank you for this great reminder and action item. x