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Assemblymember Avelino Valencia (D-Anaheim) appointed as the new Assembly Banking & Finance Committee Chair

SACRAMENTO, CA – Assemblymember Avelino Valencia (D-Anaheim) has been appointed as the new Chair of the Assembly Banking and Finance Committee. The committee oversees financial institutions, real property finance, consumer finance, and corporate securities law. Through this prestigious role, Assemblymember Valencia will continue his dedication to responsible governance and community advocacy.

Assemblymember Avelino Valencia (D-Anaheim) announces the introduction of ACA 1

SACRAMENTO, CA – Assemblymember Avelino Valencia (D – Anaheim) made a significant move towards securing California’s financial future by introducing Assembly Constitutional Amendment 1 (ACA 1). This proposed ACA aims to strengthen the state’s economic stability by revising the rainy day fund and updating the rules that govern the Gann limit. These measures, alongside prudent budget management during surplus years, will better prepare the state and its communities for future economic challenges.