California · 2025–26 Regular Session · Assembly Bill
AB 1180: Department of Financial Protection and Innovation: state payments.
Enacted Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
AB 1180 is a assembly bill introduced in the California Assembly on February 21, 2025. According to its official title, it concerns: Department of Financial Protection and Innovation: state payments. Primary sponsor: Avelino Valencia (D). Most recent recorded action (September 27, 2026): Chaptered by Secretary of State - Chapter 512, Statutes of 2026.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Legislative Counsel’s Digest (official, as of the latest version). Written by nonpartisan legislative staff; reproduced verbatim.
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 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.
Sponsors
Sponsors by party (alphabetical): Democratic 1
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Avelino Valencia | Primary sponsor | Democratic | Assembly | 68 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- Chaptered by Secretary of State - Chapter 512, Statutes of 2026.
- Approved by the Governor.
- Enrolled and presented to the Governor at 4 p.m.
- Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 78. Noes 0. Page 6558.).
- In Assembly. Concurrence in Senate amendments pending.
- Read third time. Passed. Ordered to the Assembly. (Ayes 40. Noes 0.).
- Read second time. Ordered to third reading.
- Read second time and amended. Ordered returned to second reading.
- From committee: Amend, and do pass as amended. (Ayes 7. Noes 0.) (August 13).
- In committee: Held under submission.
- In committee: Referred to suspense file.
- 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.