AB 2421 CA

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Became Law

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.

• Valencia Democratic · author

1. Feb 20, 2026 Read first time. To print. · lower
2. Feb 21, 2026 From printer. May be heard in committee March 23. · lower
3. Mar 16, 2026 Referred to Com. on ELECTIONS. · lower
4. Mar 16, 2026 From committee chair, with author's amendments: Amend, and re-refer to Com. on ELECTIONS. Read second time and amended. · lower
5. Mar 17, 2026 Re-referred to Com. on ELECTIONS. · lower
6. Apr 6, 2026 From committee chair, with author's amendments: Amend, and re-refer to Com. on ELECTIONS. Read second time and amended. · lower
7. Apr 7, 2026 Re-referred to Com. on ELECTIONS. · lower
8. Apr 15, 2026 From committee: Amend, and do pass as amended and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 8. Noes 0.) (April 15). · lower
9. Apr 16, 2026 Read second time and amended. · lower
10. Apr 20, 2026 Re-referred to Com. on APPR. · lower
11. May 6, 2026 From committee: Do pass. To Consent Calendar. (Ayes 14. Noes 0.) (May 6). · lower
12. May 7, 2026 Read second time. Ordered to Consent Calendar. · lower
13. May 14, 2026 Read third time. Passed. Ordered to the Senate. (Ayes 77. Noes 0. Page 5056.) · lower
14. May 14, 2026 In Senate. Read first time. To Com. on RLS. for assignment. · upper
15. May 27, 2026 Referred to Com. on E. & C.A. · upper
16. Jun 9, 2026 From 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. · upper
17. Jun 22, 2026 From committee: Be ordered to second reading file pursuant to Senate Rule 28.8 and ordered to Consent Calendar. · upper
18. Jun 23, 2026 Read second time. Ordered to Consent Calendar. · upper
19. Jun 25, 2026 Read third time. Passed. Ordered to the Assembly. (Ayes 36. Noes 0.). · upper
20. Jun 25, 2026 In Assembly. Ordered to Engrossing and Enrolling. · lower
21. Jul 2, 2026 Enrolled and presented to the Governor at 3 p.m. · legislature
22. Jul 13, 2026 Approved by the Governor. · legislature
23. Jul 13, 2026 Chaptered by Secretary of State - Chapter 75, Statutes of 2026. · legislature