CA AB 1180

in committee

Department of Financial Protection and Innovation: state payments.

California · 2025-2026 Regular Session · lower

Description

The Digital Financial Assets Law (DFAL) generally regulates digital financial asset business activity, including by prohibiting a covered person from taking certain actions with digital financial assets if that asset is a stablecoin, as defined and prescribed. The DFAL requires, among other charges, an applicant for a license to include a nonrefundable fee with an application, as specified. This bill would require the Department of Financial Protection and Innovation, in consultation with the Treasurer and the Controller, to adopt regulations to allow specified payments required under the DFAL to be made with stablecoins. The bill would require the department to submit, on or before January 1, 2029, a report to the Legislature on those regulations, as specified. The bill would require the Treasurer and the Controller to submit, on or before January 1, 2028, a report to the Legislature containing specified recommendations. This bill would become operative on July 1, 2027, and sunset its provisions on January 1, 2032.

Introduced: 2025-02-21
Status date: —
Latest action: 2025-08-29 — In committee: Held under submission.
Bill type: bill
Last updated: —

Subjects

Committees

Not provided by source.

Action timeline

2025-02-21
Introduced. To print.
introduction
2025-02-22
From printer. May be heard in committee March 24.
2025-02-24
Read first time.
reading-1
2025-03-17
Referred to Com. on C. & C.
referral-committee
2025-03-17
From committee chair, with author's amendments: Amend, and re-refer to Com. on C. & C. Read second time and amended.
amendment-introduction,amendment-passage,committee-passage,reading-1,reading-2,referral-committee
2025-03-18
Re-referred to Com. on C. & C.
referral-committee
2025-03-27
From committee chair, with author's amendments: Amend, and re-refer to Com. on C. & C. Read second time and amended.
amendment-introduction,amendment-passage,committee-passage,reading-1,reading-2,referral-committee
2025-03-28
Re-referred to Com. on C. & C.
referral-committee
2025-04-10
Re-referred to Com. on B. & F. pursuant to Assembly Rule 96.
referral-committee
2025-04-10
From committee chair, with author's amendments: Amend, and re-refer to Com. on B. & F. Read second time and amended.
amendment-introduction,amendment-passage,committee-passage,reading-1,reading-2,referral-committee
2025-04-21
Re-referred to Com. on B. & F.
referral-committee
2025-04-22
From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 9. Noes 0.) (April 21).
amendment-introduction,amendment-passage,committee-passage,referral-committee
2025-04-23
Read second time and amended.
amendment-passage,reading-1,reading-2
2025-04-24
Re-referred to Com. on APPR.
referral-committee
2025-05-14
In committee: Set, first hearing. Referred to APPR. suspense file.
referral-committee
2025-05-23
From committee: Do pass. (Ayes 14. Noes 0.) (May 23).
committee-passage,committee-passage-favorable
2025-05-27
Read second time. Ordered to third reading.
reading-1,reading-2,reading-3
2025-06-02
Read third time. Passed. Ordered to the Senate. (Ayes 78. Noes 0. Page 1881.)
passage,reading-1,reading-3
2025-06-03
In Senate. Read first time. To Com. on RLS. for assignment.
reading-1,referral-committee
2025-06-11
Referred to Coms. on B. & F.I. and JUD.
referral-committee
2025-07-03
From committee: Amend, and do pass as amended and re-refer to Com. on JUD. with recommendation: To Consent Calendar. (Ayes 7. Noes 0.) (July 2).
amendment-introduction,amendment-passage,committee-passage,referral-committee
2025-07-07
Read second time and amended. Re-referred to Com. on JUD.
amendment-passage,reading-1,reading-2,referral-committee
2025-07-16
From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 13. Noes 0.) (July 15). Re-referred to Com. on APPR.
committee-passage,committee-passage-favorable,referral-committee
2025-08-18
In committee: Referred to suspense file.
referral-committee
2025-08-29
In committee: Held under submission.

Versions

02/21/25 - Introduced — 2025-02-21Compare
03/17/25 - Amended Assembly — 2025-03-17Compare
03/27/25 - Amended Assembly — 2025-03-27Compare
04/10/25 - Amended Assembly — 2025-04-10Compare
04/23/25 - Amended Assembly — 2025-04-23Compare
07/07/25 - Amended Senate — 2025-07-07Compare
AB1180Compare
(document, no version)Compare

Documents

Votes

Do pass as amended and be re-referred to the Committee on [Appropriations]
2025-04-21 · pass · 9-0
Member-level votes (9)
- Chen: yes
- Michelle Rodriguez: yes
- Schiavo: yes
- Fong: yes
- Dixon: yes
- Krell: yes
- Blanca Rubio: yes
- Soria: yes
- Valencia: yes
Do pass.
2025-05-23 · pass · 14-0
Member-level votes (15)
- Calderon: yes
- Elhawary: yes
- Dixon: yes
- Hart: yes
- Mark González: yes
- Arambula: yes
- Pacheco: yes
- Solache: yes
- Ta: yes
- Caloza: yes
- Wicks: yes
- Pellerin: yes
- Fong: yes
- Tangipa: yes
- Sanchez: other
AB 1180 Valencia Assembly Third Reading
2025-06-02 · pass · 78-0
Member-level votes (79)
- Rivas: yes
- Rogers: yes
- Wicks: yes
- Irwin: yes
- Arambula: yes
- Caloza: yes
- Ward: yes
- Nguyen: yes
- Patel: yes
- Solache: yes
- Chen: yes
- Bonta: yes
- McKinnor: yes
- Pacheco: yes
- DeMaio: yes
- Celeste Rodriguez: yes
- Castillo: yes
- Sanchez: yes
- Schultz: yes
- Hadwick: yes
- Lee: yes
- Bryan: yes
- Michelle Rodriguez: yes
- Mark González: yes
- Patterson: yes
- Carrillo: yes
- Muratsuchi: yes
- Papan: yes
- Jeff Gonzalez: yes
- Ransom: yes
- Wallis: yes
- Elhawary: yes
- Davies: yes
- Macedo: yes
- Sharp-Collins: yes
- Berman: yes
- Jackson: yes
- Wilson: yes
- Lackey: yes
- Bennett: yes
- Petrie-Norris: yes
- Harabedian: yes
- Ellis: yes
- Aguiar-Curry: yes
- Connolly: yes
- Quirk-Silva: yes
- Soria: yes
- Tangipa: yes
- Gipson: yes
- Alvarez: yes
- Hoover: yes
- Ta: yes
- Zbur: yes
- Flora: yes
- Valencia: yes
- Addis: yes
- Garcia: yes
- Gallagher: yes
- Krell: yes
- Ahrens: yes
- Stefani: yes
- Calderon: yes
- Blanca Rubio: yes
- Lowenthal: yes
- Schiavo: yes
- Gabriel: yes
- Dixon: yes
- Ávila Farías: yes
- Fong: yes
- Ramos: yes
- Kalra: yes
- Alanis: yes
- Haney: yes
- Hart: yes
- Boerner: yes
- Bauer-Kahan: yes
- Ortega: yes
- Bains: yes
- Pellerin: other
Do pass as amended, but first amend, and re-refer to the Committee on [Judiciary] with the recommendation: To Consent Calendar
2025-07-02 · pass · 7-0
Member-level votes (7)
- Hurtado: yes
- Niello: yes
- Strickland: yes
- Limón: yes
- Richardson: yes
- Grayson: yes
- Cervantes: yes
Do pass, but first be re-referred to the Committee on [Appropriations] with the recommendation: To Consent Calendar
2025-07-15 · pass · 13-0
Member-level votes (13)
- Caballero: yes
- Niello: yes
- Ashby: yes
- Wahab: yes
- Laird: yes
- Umberg: yes
- Weber Pierson: yes
- Wiener: yes
- Stern: yes
- Valladares: yes
- Allen: yes
- Arreguín: yes
- Durazo: yes
Placed on suspense file
2025-08-18 · pass · 7-0
Member-level votes (7)
- Richardson: yes
- Seyarto: yes
- Caballero: yes
- Cabaldon: yes
- Dahle: yes
- Wahab: yes
- Grayson: yes

Related bills

No related bills recorded for this bill.

Official source

http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202520260AB1180

Attribution

Data from openstates_bulk_csv, retrieved 2026-07-24T01:34:27.960412Z

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