California lawmakers delivered unanimous final passage to SB 1387 in late August 2026, adding Jewish identity as a recognized ethnicity for state demographic data collection by agencies tracking ancestry or ethnic origin. Governor Gavin Newsom signed the measure on September 30, meeting all constitutional requirements for enactment well before the December 31 deadline. The bill's broad institutional backing, including support from the California Legislative Jewish Caucus and multiple Jewish organizations, combined with zero opposing votes in either chamber, produced the near-certain trader consensus reflected in current pricing. Remaining resolution risks are minimal and center on any unforeseen legal challenges or technical implementation disputes that could arise before year-end.