Unclaimed personal property: employee benefit plan distributions.

Legislative status

1. Introduced
2. In Committee
3. Reported by Committee
4. Floor Vote Scheduled
5. Passed One Chamber
6. Passed Both Chambers
7. Sent to Executive
8. Enacted

Summary

The bill amends California's unclaimed property law to require that a distribution be subject to an unreversed forfeiture before it can be exempt from escheat. It applies to participants, fiduciaries, and administrators of employee benefit plans and ensures state rules line up with federal ERISA requirements.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Vote

Read third time. Passed. (Ayes 74. Noes 0. Page 6208.) Ordered to the Senate. · Aug 17, 2026

Hearings

• Appropriations Committee Hearing
  Appropriations · Aug 5, 2026
• Judiciary Committee Hearing
  Judiciary · Jun 23, 2026
• Judiciary Committee Hearing
  Judiciary · Jun 23, 2026
• Judiciary Committee Hearing
  Judiciary · Apr 21, 2026
• JUDICIARY
  Senate Judiciary Committee · Apr 21, 2026

History

1. May 18, 2026Referred to Com. on JUD.
2. May 7, 2026Read third time. Passed. (Ayes 36. Noes 0.) Ordered to the Assembly.
3. May 7, 2026In Assembly. Read first time. Held at Desk.
4. May 5, 2026Read second time. Ordered to consent calendar.
5. May 4, 2026From committee: Be ordered to second reading pursuant to Senate Rule 28.8 and ordered to consent calendar.
6. Apr 24, 2026Set for hearing May 4.
7. Apr 22, 2026From committee: Do pass and re-refer to Com. on APPR. with recommendation: To consent calendar. (Ayes 13. Noes 0. Page 3980.) (April 21). Re-referred to Com. on APPR.
8. Apr 13, 2026From committee with author's amendments. Read second time and amended. Re-referred to Com. on JUD.
9. Apr 10, 2026Set for hearing April 21.
10. Apr 8, 2026Re-referred to Com. on JUD.
11. Mar 24, 2026From committee with author's amendments. Read second time and amended. Re-referred to Com. on RLS.
12. Mar 4, 2026Referred to Com. on RLS.

The 12 most recent of 15 recorded actions.

Sponsors

• Lola Smallwood-Cuevas (D) · sponsor
• Smallwood-Cuevas

Bill text

Opens the legislature’s own copy.

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