CALIFORNIA LEGISLATURE 20212022 REGULAR SESSION Assembly Bill No. 2781Introduced by Assembly Member CunninghamFebruary 18, 2022 An act to add Section 328 to the Unemployment Insurance Code, relating to unemployment insurance.LEGISLATIVE COUNSEL'S DIGESTAB 2781, as introduced, Cunningham. Department study: blockchain technology.Existing law establishes the Employment Development Department within the Labor and Workforce Development Agency and sets forth its powers and duties, including job creation activities, computation of benefits, and determination of contribution rates and collection of contributions for benefits. Existing law authorizes the department to study and make recommendations on prescribed matters, including establishing the most effective methods of providing economic security through all forms of social insurance.This bill would require the department to study the feasibility of utilizing blockchain technology, as defined.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: YES Local Program: NO Bill TextThe people of the State of California do enact as follows:SECTION 1. Section 328 is added to the Unemployment Insurance Code, to read:328. (a) The Employment Development Department shall study the feasibility of utilizing blockchain technology.(b) Blockchain means a mathematically secured, chronological, and decentralized ledger or database.
CALIFORNIA LEGISLATURE 20212022 REGULAR SESSION Assembly Bill No. 2781Introduced by Assembly Member CunninghamFebruary 18, 2022 An act to add Section 328 to the Unemployment Insurance Code, relating to unemployment insurance.LEGISLATIVE COUNSEL'S DIGESTAB 2781, as introduced, Cunningham. Department study: blockchain technology.Existing law establishes the Employment Development Department within the Labor and Workforce Development Agency and sets forth its powers and duties, including job creation activities, computation of benefits, and determination of contribution rates and collection of contributions for benefits. Existing law authorizes the department to study and make recommendations on prescribed matters, including establishing the most effective methods of providing economic security through all forms of social insurance.This bill would require the department to study the feasibility of utilizing blockchain technology, as defined.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: YES Local Program: NO
CALIFORNIA LEGISLATURE 20212022 REGULAR SESSION
Assembly Bill
No. 2781
Introduced by Assembly Member CunninghamFebruary 18, 2022
Introduced by Assembly Member Cunningham
February 18, 2022
An act to add Section 328 to the Unemployment Insurance Code, relating to unemployment insurance.
LEGISLATIVE COUNSEL'S DIGEST
## LEGISLATIVE COUNSEL'S DIGEST
AB 2781, as introduced, Cunningham. Department study: blockchain technology.
Existing law establishes the Employment Development Department within the Labor and Workforce Development Agency and sets forth its powers and duties, including job creation activities, computation of benefits, and determination of contribution rates and collection of contributions for benefits. Existing law authorizes the department to study and make recommendations on prescribed matters, including establishing the most effective methods of providing economic security through all forms of social insurance.This bill would require the department to study the feasibility of utilizing blockchain technology, as defined.
Existing law establishes the Employment Development Department within the Labor and Workforce Development Agency and sets forth its powers and duties, including job creation activities, computation of benefits, and determination of contribution rates and collection of contributions for benefits. Existing law authorizes the department to study and make recommendations on prescribed matters, including establishing the most effective methods of providing economic security through all forms of social insurance.
This bill would require the department to study the feasibility of utilizing blockchain technology, as defined.
## Digest Key
## Bill Text
The people of the State of California do enact as follows:SECTION 1. Section 328 is added to the Unemployment Insurance Code, to read:328. (a) The Employment Development Department shall study the feasibility of utilizing blockchain technology.(b) Blockchain means a mathematically secured, chronological, and decentralized ledger or database.
The people of the State of California do enact as follows:
## The people of the State of California do enact as follows:
SECTION 1. Section 328 is added to the Unemployment Insurance Code, to read:328. (a) The Employment Development Department shall study the feasibility of utilizing blockchain technology.(b) Blockchain means a mathematically secured, chronological, and decentralized ledger or database.
SECTION 1. Section 328 is added to the Unemployment Insurance Code, to read:
### SECTION 1.
328. (a) The Employment Development Department shall study the feasibility of utilizing blockchain technology.(b) Blockchain means a mathematically secured, chronological, and decentralized ledger or database.
328. (a) The Employment Development Department shall study the feasibility of utilizing blockchain technology.(b) Blockchain means a mathematically secured, chronological, and decentralized ledger or database.
328. (a) The Employment Development Department shall study the feasibility of utilizing blockchain technology.(b) Blockchain means a mathematically secured, chronological, and decentralized ledger or database.
328. (a) The Employment Development Department shall study the feasibility of utilizing blockchain technology.
(b) Blockchain means a mathematically secured, chronological, and decentralized ledger or database.