Sent to ExecutiveFiled Feb 19, 2025
Sponsor: Laura Richardson (D)
Latest Action
Enrolled and presented to the Governor at 3 p.m.
Sep 2, 2026
Summary
The bill forces any California‑licensed digital wallet provider or money transmitter to require two‑factor or multifactor authentication for every user login, and to add automatic logout, session timeout, and re‑authentication features. It is intended to improve consumer protection against fraud and will take effect on Jan. 1, 2028.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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