republic-os/legislation/us/states/ca/20252026/ab-1029.md

---
type: "Bill"
title: "Statements of financial interest: digital financial assets."
description: "The Political Reform Act of 1974 requires public officials to periodically file a statement of economic interest disclosing the person's investments, interests in real property, and income. The act defines \"investment\" to mean any financial interest in or security issued by a business entity, including, among other things, stocks and any partnership or other ownership interest owned by the public official or that person's immediate family, as specified. The act specifies that an asset is an investment only if its fair market value equals or exceeds $2,000. The act requires each public agency to adopt a conflict of interest code for designated employees of the agency."
jurisdiction: "us/states/ca"
legislature: "California Legislature"
session: "20252026"
identifier: "AB 1029"
citation: "California AB 1029 (20252026)"
classification: ["bill"]
subjects: ["Statementsoffinancialinterest", "digitalfinancialassets"]
status: "enacted"
primary_sponsors: ["Valencia"]
version_count: 5
action_count: 20
vote_count: 5
first_action: "2025-02-20"
last_action: "2025-07-30"
source: "openstates"
source_identifier: "ocd-bill/fc50e7e5-7653-46aa-96f8-934c335d243a"
source_url: "http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202520260AB1029"
source_hash: "70ad0702d9f24d8fd483b05ceaf2e9ded01a8ae195ffa13872d28a63816fb7a6"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-ca"]
---

# California AB 1029 (20252026) — Statements of financial interest: digital financial assets.

The Political Reform Act of 1974 requires public officials to periodically file a statement of economic interest disclosing the person's investments, interests in real property, and income. The act defines "investment" to mean any financial interest in or security issued by a business entity, including, among other things, stocks and any partnership or other ownership interest owned by the public official or that person's immediate family, as specified. The act specifies that an asset is an investment only if its fair market value equals or exceeds $2,000. The act requires each public agency to adopt a conflict of interest code for designated employees of the agency.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **02/20/25 - Introduced** (filed) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202520260AB1029&version=20250AB102999INT)
2. **03/20/25 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202520260AB1029&version=20250AB102998AMD)
3. **07/30/25 - Chaptered** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202520260AB1029&version=20250AB102996CHP)
4. **AB1029** (committee substitute) — [source](http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202520260AB1029)
5. **07/21/25 - Enrolled** (enrolled) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202520260AB1029&version=20250AB102997ENR)

## Votes

- Do pass, but first be re-referred to the Committee on [Appropriations] with the recommendation: To Consent Calendar — **5–0** (pass) · upper
- Do pass and be re-referred to the Committee on [Appropriations] with recommendation: To Consent Calendar — **7–0** (pass) · lower
- Do pass. To Consent Calendar. — **14–0** (pass) · lower
- AB 1029 Valencia Consent Calendar Second Day — **69–0** (pass) · lower
- Consent Calendar 2nd AB1029 Valencia et al. — **35–0** (pass) · upper

## Sponsors

- Valencia — primary (person)
- McNerney — coauthor (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2025-02-20** Read first time. To print. `reading-1`
- **2025-02-21** From printer. May be heard in committee March 23.
- **2025-03-10** Referred to Com. on ELECTIONS. `referral-committee`
- **2025-03-20** From committee chair, with author's amendments: Amend, and re-refer to Com. on ELECTIONS. Read second time and amended. `amendment-introduction, amendment-passage, reading-1, reading-2`
- **2025-03-24** Re-referred to Com. on ELECTIONS. `referral-committee`
- **2025-04-09** From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 7. Noes 0.) (April 9). Re-referred to Com. on APPR. `committee-passage, committee-passage-favorable, referral-committee`
- **2025-04-30** From committee: Do pass. To Consent Calendar. (Ayes 14. Noes 0.) (April 30). `committee-passage, committee-passage-favorable`
- **2025-05-01** Read second time. Ordered to Consent Calendar. `reading-1, reading-2`
- **2025-05-08** Read third time. Passed. Ordered to the Senate. (Ayes 69. Noes 0. Page 1487.) `passage, reading-1, reading-3`
- **2025-05-08** In Senate. Read first time. To Com. on RLS. for assignment. `reading-1`
- **2025-05-21** Referred to Com. on E. & C.A. `referral-committee`
- **2025-06-09** In committee: Hearing postponed by committee.
- **2025-07-01** From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 5. Noes 0.) (July 1). Re-referred to Com. on APPR. `committee-passage, committee-passage-favorable, referral-committee`
- **2025-07-14** From committee: Be ordered to second reading file pursuant to Senate Rule 28.8 and ordered to Consent Calendar. `committee-passage, reading-2`
- **2025-07-15** Read second time. Ordered to Consent Calendar. `reading-1, reading-2`
- **2025-07-17** Read third time. Passed. Ordered to the Assembly. (Ayes 35. Noes 0. Page 2137.). `passage, reading-1, reading-3`
- **2025-07-17** In Assembly. Ordered to Engrossing and Enrolling. `committee-passage`
- **2025-07-25** Enrolled and presented to the Governor at 11:30 a.m.
- **2025-07-30** Approved by the Governor. `executive-signature`
- **2025-07-30** Chaptered by Secretary of State - Chapter 85, Statutes of 2025. `became-law`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/fc50e7e5-7653-46aa-96f8-934c335d243a`. Confidence: reported (aggregated from official California legislature records).