SB 505
Money Transmission Act: authentication.
Became law · by Richardson · full text and history
Latest floor vote
Senate floor, 2026-08-27: (PASS), 40 ayes, 0 noes, 0 not voting · Special Consent SB505 Richardson
Aye (40): Aisha Wahab D, Akilah Weber Pierson D, Angelique Ashby D, Anna Caballero D, Benjamin Allen D, Bob Archuleta D, Brian Jones R, Caroline Menjivar D, Catherine Blakespear D, Christopher Cabaldon D, Dave Cortese D, Eloise Gómez Reyes D, Henry Stern D, Jerry McNerney D, Jesse Arreguín D, John Laird D, Josh Becker D, Kelly Seyarto R, Laura Richardson D, Lena Gonzalez D, Lola Smallwood-Cuevas D, Maria Elena Durazo D, Marie Alvarado-Gil R, Megan Dahle R, Melissa Hurtado D, Mike McGuire D, Monique Limón D, Roger Niello R, Rosilicie Ochoa Bogh R, Sabrina Cervantes D, Sasha Renée Pérez D, Scott Wiener D, Shannon Grove R, Stephen Padilla D, Steven Choi R, Susan Rubio D, Suzette Martinez Valladares R, Thomas Umberg D, Timothy Grayson D, Tony Strickland R
Who lobbied on it
16 lobbyist employers, lobbying firms and others name SB 505 in their reports since 2025 (not their position). Linked: those who gave to two or more 2026 state candidates.
BANK OF AMERICA CORPORATION · PayPal · Populus Financial Group · Stripe, Inc. · A16Z CAPITAL MANAGEMENT, LLC · AH CAPITAL MANAGEMENT, LLC (AKA A16Z) · Apple Inc. · BLOCK, INC. · BREAD FINANCIAL HOLDINGS, INC. · CHIME FINANCIAL, INC · CRYPTO COUNCIL FOR INNOVATION · California Blockchain Advocacy Coalition, The · ELECTRONIC TRANSACTIONS ASSOCIATION · JP MORGAN CHASE HOLDINGS LLC · MASTERCARD INTERNATIONAL, INC. · WELLS FARGO AND COMPANY
Every recorded vote
| Date | Where | Result | Ayes | Noes |
|---|---|---|---|---|
| 2026-01-07 | Sen Banking and Financial Institutions Do pass, but first be re-referred to the Committee on [Appropriations] | (PASS) | 5 | 0 |
| 2026-01-27 | Senate floor Senate 3rd Reading SB505 Richardson | (PASS) | 40 | 0 |
| 2026-06-22 | Asm Banking and Finance Do pass and be re-referred to the Committee on [Appropriations] | (PASS) | 8 | 0 |
| 2026-08-05 | Asm Appropriations Do pass. | (PASS) | 15 | 0 |
| 2026-08-17 | Assembly floor SB 505 Richardson Senate Third Reading By Krell | (PASS) | 75 | 0 |
| 2026-08-27 | Senate floor Special Consent SB505 Richardson | (PASS) | 40 | 0 |