CA SB42

Removes the prohibition on candidates accepting public funds for seeking elective office, except when funds are earmarked for education, transportation, or public safety

Requires candidates receiving public funds to meet "strict criteria" demonstrating broad-based support (such as receiving small-dollar contributions of $10 or less from a specified number of residents) and abide by voluntary expenditure limits

Prohibits use of public campaign funds to pay legal defense fees, fines, or to repay personal loans to campaigns

Increases penalties for foreign governments or foreign principals making illegal campaign contributions from a fine equal to the amount contributed to a fine between 1-3 times the amount contributed or expended

Requires the Secretary of State to submit these provisions to voters for approval at the November 3, 2026 statewide general election