A bill that would change California’s municipal bankruptcy law again appears to have stalled without support from the Democratic majority leadership in the state Senate.

Senate President Pro Tem Darrell Steinberg said Tuesday he has no plans to refer Assembly Bill 1692 to a committee in the final weeks of the legislative session.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.