BILL NUMBER:  SB 586
  VETOED	DATE: 10/09/2011




To the Members of the California State Senate:

This bill imposes restrictions on state chartered banks that issue
signature stamps. While I appreciate the concern giving rise to this
bill -- the fraudulent use of stamps -- this bill won't eliminate
that wrong.  AB 332, a measure I have already signed, more directly
addresses the problem of financial abuse against elder and dependent
adults by simply increasing fines for embezzlement, forgery and
identity theft.

I am returning Senate Bill 586 without my signature.

Sincerely,



Edmund G. Brown Jr.