California bills · 2025-2026 Regular Session
California AB 1052
Digital financial assets.
- Introduced
- In committee
- Passed House
- Passed Senate
- To Governor
- Became law
Sponsors
- Valencia (Democratic)
Summary
Official abstract published by the California legislature· summary
The Unclaimed Property Law provides that all intangible personal property of an apparent owner whose last known address or domicile was in the state, including intangible personal property maintained in a deposit or an account, which is held in a fiduciary capacity for the benefit of another person, escheats to the state if for more than 3 years after it becomes payable or distributable, the apparent owner has not taken specified actions showing an interest in or control of the property.
This bill would provide that intangible property held in a digital financial asset account escheats to the state 3 years after either written or electronic communication to the owner is returned undelivered, or the date of the last exercise of ownership interest, as defined, by the owner. The bill would require the holder of a private key for a digital financial asset account that has escheated to the state to transfer the digital financial asset to the Controller. The bill would authorize the Controller to appoint a custodian that holds a valid license issued by the Department of Financial Protection and Innovation, as specified.
Text versions
- 07/03/25 - Amended Senate· Jul 3, 2025
- 05/23/25 - Amended Assembly· May 23, 2025
- 05/01/25 - Amended Assembly· May 1, 2025
- 03/28/25 - Amended Assembly· Mar 28, 2025
- 02/20/25 - Introduced· Feb 20, 2025
- AB1052
Roll-call votes
State vote data last updated Oct 16, 2026, 8:06 PM.
| Date | Vote | Result | Your legislators |
|---|---|---|---|
| Aug 18, 2025 Senate | Placed on suspense file | pass | Set your home in California to see |
| Jul 1, 2025 Senate | Do pass as amended, but first amend, and re-refer to the Committee on [Banking and Financial Institutions] | pass | Set your home in California to see |
| Jun 4, 2025 House | AB 1052 Valencia Assembly Third Reading | pass | Set your home in California to see |
| May 23, 2025 House | Do pass as amended. | pass | Set your home in California to see |
| Apr 21, 2025 House | Do pass and be re-referred to the Committee on [Elections] | pass | Set your home in California to see |
Actions
- Aug 29, 2025 · Senate
In committee: Held under submission. - Aug 18, 2025 · Senate
In committee: Referred to suspense file. - Jul 14, 2025 · Senate
Re-referred to Com. on APPR. - Jul 14, 2025 · Senate
Withdrawn from committee. - Jul 14, 2025 · Senate
In committee: Hearing postponed by committee. - Jul 3, 2025 · Senate
Read second time and amended. Re-referred to Com. on B. & F.I. - Jul 2, 2025 · Senate
From committee: Amend, and do pass as amended and re-refer to Com. on B. & F.I. (Ayes 13. Noes 0.) (July 1). - Jun 18, 2025 · Senate
Referred to Coms. on JUD. and B. & F.I. - Jun 4, 2025 · Senate
In Senate. Read first time. To Com. on RLS. for assignment. - Jun 3, 2025 · House
Read third time. Passed. Ordered to the Senate. (Ayes 78. Noes 0. Page 2012.) - May 27, 2025 · House
Read second time. Ordered to third reading. - May 23, 2025 · House
Read second time and amended. Ordered returned to second reading. - May 23, 2025 · House
From committee: Amend, and do pass as amended. (Ayes 11. Noes 0.) (May 23). - May 23, 2025 · House
Assembly Rule 63 suspended. (Ayes 51. Noes 16. Page 1644.) - May 14, 2025 · House
In committee: Set, first hearing. Referred to APPR. suspense file. - May 5, 2025 · House
Re-referred to Com. on APPR. pursuant to Assembly Rule 96. - May 5, 2025 · House
Re-referred to Com. on ELECTIONS. - May 1, 2025 · House
From committee chair, with author's amendments: Amend, and re-refer to Com. on ELECTIONS. Read second time and amended. - Apr 28, 2025 · House
In committee: Set, first hearing. Hearing canceled at the request of author. - Apr 22, 2025 · House
From committee: Do pass and re-refer to Com. on ELECTIONS. (Ayes 9. Noes 0.) (April 21). Re-referred to Com. on ELECTIONS. - Apr 1, 2025 · House
Re-referred to Com. on B. & F. - Mar 28, 2025 · House
From committee chair, with author's amendments: Amend, and re-refer to Com. on B. & F. Read second time and amended. - Mar 28, 2025 · House
Referred to Coms. on B. & F. and ELECTIONS. - Feb 21, 2025 · House
From printer. May be heard in committee March 23. - Feb 20, 2025 · House
Read first time. To print.