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CaliforniaAB 10292025-2026 Regular SessionHouse

Statements of financial interest: digital financial assets.

Sponsored By: Avelino Valencia (Democratic)

Signed by Governor

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 1 benefits, 1 costs, 0 mixed.

One statement for multi-agency filers

Beginning January 1, 2027, if you file for more than one joint powers insurance agency, you can choose one combined statement. It must cover all investments in entities doing business in the state, digital financial assets, California real property, and income for the period. You must tell the Fair Political Practices Commission. Your single-filer status stays in place until you revoke it.

Public officials must disclose digital assets

Beginning January 1, 2027, public officials must report digital financial assets on their statements. Only assets worth $2,000 or more are reportable. Filers must list the asset’s common name. Agencies must update conflict-of-interest codes so designated employees report these assets when their work could affect them.

Sponsors & Cosponsors

Sponsor

  • Avelino Valencia

    Democratic • House

Cosponsors

  • Jerry McNerney

    Democratic • Senate

Roll Call Votes

All Roll Calls

Yes: 130 • No: 0

Senate vote • 7/17/2025

Item 217 — Senate SFLOOR

Yes: 35 • No: 0

legislature vote • 7/1/2025

Vote in CS45

Yes: 5 • No: 0

House vote • 5/8/2025

Item 154 — Assembly AFLOOR

Yes: 69 • No: 0

legislature vote • 4/30/2025

Vote in CX25

Yes: 14 • No: 0

legislature vote • 4/9/2025

Vote in CX04

Yes: 7 • No: 0

Actions Timeline

  1. Chaptered by Secretary of State - Chapter 85, Statutes of 2025.

    7/30/2025Senate

  2. Approved by the Governor.

    7/30/2025legislature

  3. Enrolled and presented to the Governor at 11:30 a.m.

    7/25/2025legislature

  4. In Assembly. Ordered to Engrossing and Enrolling.

    7/17/2025House

  5. Read third time. Passed. Ordered to the Assembly. (Ayes 35. Noes 0. Page 2137.).

    7/17/2025Senate

  6. Read second time. Ordered to Consent Calendar.

    7/15/2025Senate

  7. From committee: Be ordered to second reading file pursuant to Senate Rule 28.8 and ordered to Consent Calendar.

    7/14/2025Senate

  8. From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 5. Noes 0.) (July 1). Re-referred to Com. on APPR.

    7/1/2025Senate

  9. In committee: Hearing postponed by committee.

    6/9/2025Senate

  10. Referred to Com. on E. & C.A.

    5/21/2025Senate

  11. In Senate. Read first time. To Com. on RLS. for assignment.

    5/8/2025Senate

  12. Read third time. Passed. Ordered to the Senate. (Ayes 69. Noes 0. Page 1487.)

    5/8/2025House

  13. Read second time. Ordered to Consent Calendar.

    5/1/2025House

  14. From committee: Do pass. To Consent Calendar. (Ayes 14. Noes 0.) (April 30).

    4/30/2025House

  15. From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 7. Noes 0.) (April 9). Re-referred to Com. on APPR.

    4/9/2025House

  16. Re-referred to Com. on ELECTIONS.

    3/24/2025House

  17. From committee chair, with author's amendments: Amend, and re-refer to Com. on ELECTIONS. Read second time and amended.

    3/20/2025House

  18. Referred to Com. on ELECTIONS.

    3/10/2025House

  19. From printer. May be heard in committee March 23.

    2/21/2025House

  20. Read first time. To print.

    2/20/2025House

Bill Text

  • Chaptered

    7/30/2025

    HTML

  • Enrolled

    7/21/2025

    HTML

  • Amended Assembly

    3/20/2025

    HTML

  • Introduced

    2/20/2025

    HTML

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