Department of Financial Protection and Innovation: state payments.
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What it does
Official summary
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.
More detail
This bill would authorize the Department of Financial Protection and Innovation to adopt regulations to allow specified payments required under the DFAL to be made with stablecoins, as specified. This bill would become operative on July 1, 2027, and sunset its provisions on January 1, 2032.
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Where do you stand?
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Tell your reps
Take a position to see your representatives and ways to contact them.
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More on this bill
Where it stands
Introduced
Passed Assembly
Passed Senate
To Governor
Became Law
Looking ahead
No hearings or votes scheduled.
History
2026
Sep 27Chaptered by Secretary of State - Chapter 512, Statutes of 2026.Latest
Sep 3Enrolled and presented to the Governor at 4 p.m.To Governor
Aug 26Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 78. Noes 0. Page 6558.).Major
Vote recorded AB 1180 Valencia Concurrence in Senate Amendments. Result: pass.Lower
Aug 24In Assembly. Concurrence in Senate amendments pending.
Vote recorded 3rd Reading AB1180 Valencia By Niello. Result: pass.Upper
Aug 24Read third time. Passed. Ordered to the Assembly. (Ayes 40. Noes 0.).Passed Senate
Aug 17Read second time. Ordered to third reading.Minor
Aug 13Read second time and amended. Ordered returned to second reading.Major
Vote recorded Do pass as amended. Result: pass.Upper
Aug 13From committee: Amend, and do pass as amended. (Ayes 7. Noes 0.) (August 13).Major
2025
Aug 29In committee: Held under submission.
Aug 18In committee: Referred to suspense file.Minor
Vote recorded Placed on suspense file. Result: pass.Upper
Jul 16From 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.Minor
Jul 15
Vote recorded Do pass, but first be re-referred to the Committee on [Appropriations] with the recommendation: To Consent Calendar. Result: pass.Upper
Jul 7Read second time and amended. Re-referred to Com. on JUD.Major
Jul 3From 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).Major
Jul 2
Vote recorded Do pass as amended, but first amend, and re-refer to the Committee on [Judiciary] with the recommendation: To Consent Calendar. Result: pass.Upper
Jun 11Referred to Coms. on B. & F.I. and JUD.Minor
Jun 3In Senate. Read first time. To Com. on RLS. for assignment.Minor
Jun 2Read third time. Passed. Ordered to the Senate. (Ayes 78. Noes 0. Page 1881.)Passed Assembly
Vote recorded AB 1180 Valencia Assembly Third Reading. Result: pass.Lower
May 27Read second time. Ordered to third reading.Minor
May 23From committee: Do pass. (Ayes 14. Noes 0.) (May 23).Minor
Vote recorded Do pass. Result: pass.Lower
May 14In committee: Set, first hearing. Referred to APPR. suspense file.Minor
Apr 24Re-referred to Com. on APPR.Minor
Apr 23Read second time and amended.Major
Apr 22From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 9. Noes 0.) (April 21).Major
Apr 21Re-referred to Com. on B. & F.Minor
Vote recorded Do pass as amended and be re-referred to the Committee on [Appropriations]. Result: pass.Lower
Apr 10From committee chair, with author's amendments: Amend, and re-refer to Com. on B. & F. Read second time and amended.Major
Apr 10Re-referred to Com. on B. & F. pursuant to Assembly Rule 96.Minor
Mar 28Re-referred to Com. on C. & C.Minor
Mar 27From committee chair, with author's amendments: Amend, and re-refer to Com. on C. & C. Read second time and amended.Major
Mar 18Re-referred to Com. on C. & C.Minor
Mar 17From committee chair, with author's amendments: Amend, and re-refer to Com. on C. & C. Read second time and amended.Major
Mar 17Referred to Com. on C. & C.Minor
Feb 24Read first time.Minor
Feb 22From printer. May be heard in committee March 24.