Fabio
116 lines
9.3 KiB
Markdown
116 lines
9.3 KiB
Markdown
---
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type: "Bill"
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title: "Unclaimed property: digital financial assets."
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description: "The Unclaimed Property Law (UPL) prescribes the circumstances under which intangible property escheats to the state, including how and when apparent owners must be notified that their property is at risk of escheating and the manner in which escheated property must be delivered to the State Controller. Intangible property is only subject to the UPL if the apparent owner's last known address is within the state or, if that address is unknown, if there is another link to the state, as specified. Existing law provides how and when securities that escheat to the state pursuant to the UPL may be sold and how the securities or funds from their sale may be returned to their owner."
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jurisdiction: "us/states/ca"
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legislature: "California Legislature"
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session: "20252026"
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identifier: "SB 822"
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citation: "California SB 822 (20252026)"
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classification: ["bill"]
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subjects: ["Unclaimedproperty", "digitalfinancialassets"]
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status: "enacted"
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primary_sponsors: ["Becker"]
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version_count: 11
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action_count: 40
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vote_count: 9
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first_action: "2025-02-21"
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last_action: "2025-10-11"
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source: "openstates"
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source_identifier: "ocd-bill/4210e4e2-9e1b-463e-add5-74a78da79d3f"
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source_url: "http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202520260SB822"
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source_hash: "49baee9dc0004dfe834b0335e95d13f04bc9398128f574fb95155f8b167b466f"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-ca"]
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---
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# California SB 822 (20252026) — Unclaimed property: digital financial assets.
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The Unclaimed Property Law (UPL) prescribes the circumstances under which intangible property escheats to the state, including how and when apparent owners must be notified that their property is at risk of escheating and the manner in which escheated property must be delivered to the State Controller. Intangible property is only subject to the UPL if the apparent owner's last known address is within the state or, if that address is unknown, if there is another link to the state, as specified. Existing law provides how and when securities that escheat to the state pursuant to the UPL may be sold and how the securities or funds from their sale may be returned to their owner.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **02/21/25 - Introduced** (filed) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202520260SB822&version=20250SB82299INT)
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2. **03/25/25 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202520260SB822&version=20250SB82298AMD)
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3. **04/10/25 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202520260SB822&version=20250SB82297AMD)
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4. **06/23/25 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202520260SB822&version=20250SB82296AMD)
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5. **07/16/25 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202520260SB822&version=20250SB82295AMD)
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6. **09/02/25 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202520260SB822&version=20250SB82294AMD)
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7. **09/03/25 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202520260SB822&version=20250SB82293AMD)
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8. **09/05/25 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202520260SB822&version=20250SB82292AMD)
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9. **10/11/25 - Chaptered** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202520260SB822&version=20250SB82290CHP)
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10. **SB822** (committee substitute) — [source](http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202520260SB822)
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11. **09/18/25 - Enrolled** (enrolled) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202520260SB822&version=20250SB82291ENR)
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## Votes
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- Do pass and be re-referred to the Committee on [Banking and Finance] with recommendation: To Consent Calendar — **12–0** (pass) · lower
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- SB 822 Becker Senate Third Reading By Valencia — **80–0** (pass) · lower
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- Placed on suspense file — **7–0** (pass) · upper
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- Do pass as amended. — **11–0** (pass) · lower
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- Do pass — **6–0** (pass) · upper
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- Special Consent — **38–0** (pass) · upper
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- Do pass as amended and be re-referred to the Committee on [Appropriations] — **9–0** (pass) · lower
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- Unfinished Business SB822 Becker et al. Concurrence — **37–0** (pass) · upper
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- Do pass, but first be re-referred to the Committee on [Appropriations] with the recommendation: To Consent Calendar — **13–0** (pass) · upper
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## Sponsors
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- Becker — primary (person)
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- Valencia — principal coauthor (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2025-02-21** Introduced. To Com. on RLS. for assignment. To print. `introduction`
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- **2025-02-24** From printer. May be acted upon on or after March 24.
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- **2025-02-24** Read first time. `reading-1`
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- **2025-03-12** Referred to Com. on RLS. `referral-committee`
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- **2025-03-25** From committee with author's amendments. Read second time and amended. Re-referred to Com. on RLS. `amendment-passage, committee-passage, reading-1, reading-2, referral-committee`
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- **2025-04-02** Re-referred to Com. on JUD. `referral-committee`
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- **2025-04-10** From committee with author's amendments. Read second time and amended. Re-referred to Com. on JUD. `amendment-passage, committee-passage, reading-1, reading-2, referral-committee`
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- **2025-04-11** Set for hearing April 22.
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- **2025-04-23** From committee: Do pass and re-refer to Com. on APPR. with recommendation: To consent calendar. (Ayes 13. Noes 0. Page 838.) (April 22). Re-referred to Com. on APPR. `committee-passage, committee-passage-favorable, referral-committee`
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- **2025-04-25** Set for hearing May 5.
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- **2025-05-05** May 5 hearing: Placed on APPR. suspense file.
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- **2025-05-16** Set for hearing May 23.
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- **2025-05-23** From committee: Do pass. (Ayes 6. Noes 0. Page 1214.) (May 23). `committee-passage, committee-passage-favorable`
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- **2025-05-23** Read second time. Ordered to third reading. `reading-1, reading-2`
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- **2025-05-27** Ordered to special consent calendar.
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- **2025-05-29** Read third time. Passed. (Ayes 38. Noes 0. Page 1330.) Ordered to the Assembly. `passage, reading-1, reading-3`
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- **2025-05-29** In Assembly. Read first time. Held at Desk. `reading-1`
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- **2025-06-05** Referred to Com. on JUD. `referral-committee`
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- **2025-06-11** June 17 set for first hearing canceled at the request of author.
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- **2025-06-13** June 24 set for second hearing canceled at the request of author.
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- **2025-06-23** From committee with author's amendments. Read second time and amended. Re-referred to Com. on JUD. `amendment-passage, committee-passage, reading-1, reading-2, referral-committee`
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- **2025-07-02** From committee: Do pass and re-refer to Com. on B. & F. with recommendation: To consent calendar. (Ayes 12. Noes 0.) (July 1). Re-referred to Com. on B. & F. `committee-passage, committee-passage-favorable, referral-committee`
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- **2025-07-07** July 7 set for first hearing canceled at the request of author.
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- **2025-07-15** From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 9. Noes 0.) (July 14). `amendment-passage, committee-passage, committee-passage-favorable`
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- **2025-07-16** Read second time and amended. Re-referred to Com. on APPR. `amendment-passage, reading-1, reading-2, referral-committee`
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- **2025-08-20** August 20 set for first hearing. Placed on APPR. suspense file.
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- **2025-08-29** From committee: Do pass as amended. (Ayes 11. Noes 0.) (August 29). `amendment-passage, committee-passage, committee-passage-favorable`
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- **2025-09-02** Read second time and amended. Ordered to second reading. `amendment-passage, reading-1, reading-2`
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- **2025-09-03** Read second time. Ordered to third reading. `reading-1, reading-2`
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- **2025-09-03** Read third time and amended. `amendment-passage, reading-1, reading-3`
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- **2025-09-03** Ordered to third reading.
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- **2025-09-05** Assembly Rule 69(b)(1) suspended.
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- **2025-09-05** Read third time and amended. `amendment-passage, reading-1, reading-3`
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- **2025-09-05** Ordered to third reading.
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- **2025-09-12** Read third time. Passed. (Ayes 80. Noes 0. Page 3406.) Ordered to the Senate. `passage, reading-1, reading-3`
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- **2025-09-12** In Senate. Concurrence in Assembly amendments pending.
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- **2025-09-13** Assembly amendments concurred in. (Ayes 37. Noes 0. Page 3029.) Ordered to engrossing and enrolling. `amendment-passage, committee-passage-favorable`
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- **2025-09-23** Enrolled and presented to the Governor at 2 p.m.
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- **2025-10-11** Approved by the Governor. `executive-signature`
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- **2025-10-11** Chaptered by Secretary of State. Chapter 660, Statutes of 2025. `became-law`
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/4210e4e2-9e1b-463e-add5-74a78da79d3f`. Confidence: reported (aggregated from official California legislature records).
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