Plain English Breakdown
The exact penalties for non-compliance are not specified in the bill.
Online Fundraising for Charities
AB-576 requires online platforms helping charities raise money to register with the Attorney General's Registry of Charities and only work with charities that are in good standing.
What This Bill Does
- Requires charitable fundraising platforms to register with the Attorney General’s Registry of Charities and Fundraisers before they can solicit donations for charities.
- Allows these platforms to use electronic lists to verify if a charity is in good standing.
- Authorizes entities to rely on an application programming interface (API) when determining good standing.
- Requires the Attorney General to establish rules and regulations for API specifications.
Who It Names or Affects
- Online fundraising platforms that help raise money for charities.
- Charities that use these online platforms to get donations from people.
- The Attorney General’s office, which will oversee registration and compliance.
Terms To Know
- Application Programming Interface (API)
- A set of rules for computer programs to talk to each other and share information.
- Registry of Charities
- A list kept by the Attorney General that shows which charities are following all the rules.
Limits and Unknowns
- The bill does not specify exact monetary thresholds for when a charity must provide yearly information.
- It is unclear what specific penalties there will be for non-compliance with these new requirements.
- Details of the API and its rules are left to future regulations by the Attorney General.