Assembly BillPassed first houseCivil Procedure
AB 2335: Unclaimed property: digital financial assets.
What AB 2335 does, verified August 15, 2026
The bill creates a digital asset reserve fund where digital financial assets will be deposited. The state controller will convert escheated digital assets into high-quality digital assets after a specified holding period, not sooner than 18 months or later than 20 months. A person who makes a valid claim before the conversion can receive the digital assets in their native form or fiat currency. The controller is authorized to use the fund's assets to pay for administration and management. A quarterly report will be published by the controller. A digital asset reserve board will be assigned tasks related to the fund's administration.
Bill journey
✓IntroducedComplete
✓In CommitteeComplete
✓First Chamber FloorComplete
4Second ChamberCurrent
5GovernorPending
6ChapteredPending
Last action: In committee: Held under submission. (2026-08-13)Alert me
Author and sponsors
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| Aug. 13, 2026 | In committee: Held under submission. |
| Aug. 03, 2026 | In committee: Referred to APPR. suspense file. |
| Jul. 02, 2026 | Read second time and amended. Re-referred to Com. on APPR. |
| Jul. 02, 2026 | From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 12. Noes 0.) (June 30). |
| Jun. 22, 2026 | From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on JUD. |