Oversight of certain frontier artificial intelligence (AI) companies. [Ballot]

Jan 20, 2026 - Annual assessments are based on up to 0.5 percent of California-derived revenue or, in some cases, on California AI research and development expendit ures. If initial registration fees are insufficient to establish the commission, the State Controller may advance up to $10 million from the General Fund, to be repaid with interes t within three years of the first annual assessments.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-034