AB-2421 • 2026

Political Reform Act of 1974: committee termination.

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor: Valencia
Last action: 2026-06-09
Official status: 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.
Effective date: Not listed

Plain English Breakdown

The bill summary does not provide specific details on what happens to committee funds after termination or the exact procedures for objections.

Political Reform Act: Ending Inactive Committees

AB-2421 allows the Secretary of State to terminate political committees receiving at least $2,000 in contributions annually if they fail to file reports for over a year or made an error when filing their initial report and no objections are filed.

What This Bill Does

Requires the Secretary of State to send a notice to political committees that receive more than $2,000 annually if they fail to submit campaign reports for at least the preceding 12 months under certain conditions or made an error when filing their initial report.
Specifies that termination can happen 180 days after sending the notice if no objections are filed by either the committee or the Fair Political Practices Commission.

Who It Names or Affects

Political committees receiving at least $2,000 in contributions annually
The Secretary of State

Terms To Know

Fair Political Practices Commission: A state agency that oversees campaign finance and ethics laws.
Campaign report: Documents submitted by political committees detailing their financial activities.

Limits and Unknowns

The bill does not specify what happens to the funds of terminated committees.
It is unclear how many committees will be affected by this legislation.
The exact procedures for filing objections are not detailed in the summary.

Bill History

2026-06-09 California Legislative Information
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.
2026-05-27 California Legislative Information
Referred to Com. on E. & C.A.
2026-05-14 California Legislative Information
In Senate. Read first time. To Com. on RLS. for assignment.
2026-05-14 California Legislative Information
Read third time. Passed. Ordered to the Senate. (Ayes 77. Noes 0. Page 5056.)
2026-05-07 California Legislative Information
Read second time. Ordered to Consent Calendar.
2026-05-06 California Legislative Information
From committee: Do pass. To Consent Calendar. (Ayes 14. Noes 0.) (May 6).
2026-04-20 California Legislative Information
Re-referred to Com. on APPR.
2026-04-16 California Legislative Information
Read second time and amended.
2026-04-15 California Legislative Information
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).
2026-04-07 California Legislative Information
Re-referred to Com. on ELECTIONS.
2026-04-06 California Legislative Information
From committee chair, with author's amendments: Amend, and re-refer to Com. on ELECTIONS. Read second time and amended.
2026-03-17 California Legislative Information
Re-referred to Com. on ELECTIONS.
2026-03-16 California Legislative Information
From committee chair, with author's amendments: Amend, and re-refer to Com. on ELECTIONS. Read second time and amended.
2026-03-16 California Legislative Information
Referred to Com. on ELECTIONS.
2026-02-21 California Legislative Information
From printer. May be heard in committee March 23.
2026-02-20 California Legislative Information
Read first time. To print.

Official Summary Text

AB 2421, as amended, Valencia.
Political Reform Act of 1974: committee termination.
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
2
/
3
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.

Current Bill Text

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