AB 2421: Political Reform Act of 1974: committee termination.

Official summary

Legislative Counsel’s Digest (official, as of the latest version). Written by nonpartisan legislative staff; reproduced verbatim.

The Political Reform Act of 1974 provides for the comprehensive regulation of campaign financing, including requiring the filing of reports of contributions and expenditures. The act requires committees and candidates to terminate their filing obligation, as provided by the Fair Political Practices Commission by regulation, ensuring that the committee or candidate will have no activity that must be disclosed subsequent to the termination.

This bill would provide that if the Secretary of State determines that either of 2 conditions is present, the Secretary of State must provide notice to committees that receive contributions totaling $2,000 or more per year that the committee may be terminated 180 days after the notice is sent. Those conditions are: 1) The committee failed to submit a campaign report for at least the preceding 12 months and either had an ending cash balance of $3,000 or less on its last campaign statement or had an ending cash balance of $5,000 or less on its last campaign statement and owes $2,000 or more to the controlling candidate; 2) The committee filed a statement of organization in error. The bill would specify that if an objection to the termination notice is not filed by the committee or the commission with the Secretary of State within 180 days after the notice is sent, the Secretary of State may terminate the committee.

The Political Reform Act of 1974, an initiative measure, provides that the Legislature may amend the act to further the act’s purposes upon a 23 vote of each house of the Legislature and compliance with specified procedural requirements.

This bill would declare that it furthers the purposes of the act.

Sponsors

Sponsors by party (alphabetical): Democratic 1

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

1. July 13, 2026Chaptered by Secretary of State - Chapter 75, Statutes of 2026.
2. July 13, 2026Approved by the Governor.
3. July 2, 2026Enrolled and presented to the Governor at 3 p.m.
4. June 25, 2026In Assembly. Ordered to Engrossing and Enrolling.
5. June 25, 2026Read third time. Passed. Ordered to the Assembly. (Ayes 36. Noes 0. Page 5015.).
6. June 23, 2026Read second time. Ordered to Consent Calendar.
7. June 22, 2026From committee: Be ordered to second reading file pursuant to Senate Rule 28.8 and ordered to Consent Calendar.
8. June 9, 2026From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 5. Noes 0.) (June 9). Re-referred to Com. on APPR.
9. May 27, 2026Referred to Com. on E. & C.A.
10. May 14, 2026In Senate. Read first time. To Com. on RLS. for assignment.
11. May 14, 2026Read third time. Passed. Ordered to the Senate. (Ayes 77. Noes 0. Page 5056.)
12. May 7, 2026Read second time. Ordered to Consent Calendar.