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California Senate Passes Bill To Fine Influencers Over Undisclosed Paid Political Posts

Zero Rss
1 month 2 weeks ago
California Senate Passes Bill To Fine Influencers Over Undisclosed Paid Political Posts

Authored by Savannah Hulsey Pointer via The Epoch Times,

The California Senate passed a bill on Aug. 24 to fine content creators who make paid political content without disclosing the compensation.

The legislation, authored by Democratic Assemblymember Marc Berman, will still need a vote in the state Assembly before it reaches Gov. Gavin Newsom's desk.

Assemblyman Marc Berman listens to witness testimony while presenting his Assembly Bill 3209 to the Senate's Appropriations Committe at the Capitol in Sacramento, Calif., on June 17, 2024. Travis Gillmore/The Epoch Times

The governor will have until the end of September to either sign or veto the bill.

"Voters should have a right to know whether or not campaigns are paying for the messaging that they're seeing," Berman said last month.

Both Texas and California require content creators to include disclaimers on political posts. The new legislation is an effort to enforce the law.

Currently, the state's campaign watchdog can request that a court compel an influencer to disclose the monetary connection, but it could take months for the process to reach fruition.

However, Berman's bill would give California's Fair Political Practices Commission the power to fine both influencers and political committees if they violate the law, bypassing the court's involvement.

Creators can face fines of up to $5,000 per violation.

Southern California content creator Dustin Torreverde, who has not been paid for political content, said he believes it is important for influencers to disclose this kind of payment, but is concerned the bill could cause an unfair burden for people in his field.

"A lot of us are very small creators," he said. "So if we were to get penalized and we have to get lawyers, stuff like that, it's going to be very difficult for us."

California's Senate action comes about a month after Sen. Adam Schiff (D-Calif.) introduced federal legislation to require disclosure of the political affiliation of influencers. That bill has not yet been brought up for a vote.

The Promoting Authenticity with Influencer Disclaimer (PAID) Act would give the Federal Election Commission the authority it has pursued for years.

The act would amend the Federal Election Campaign Act to require anyone paid by a political committee or candidate to add a clear disclaimer that they were paid to post the content.

"As more and more information in American life is shared through informal communicators like influencers, we need to recognize the risks of proliferating paid political speech without the guardrails that apply to all other forms of political advertising," Schiff said in a statement.

"An influencer can reach far more than a billboard or even a broadcast ad in 2026, but people deserve the same understanding of who is behind that post and if they are paid for it. The PAID Act is a bicameral solution to apply the same bipartisan standards we've applied to other advertising to this new class of political speech."

Rep. Mark Takano (D-Calif) authored the House companion legislation.

"Our social media feeds must be fixed," he said in a statement.

"Users deserve to know if a creator has been compensated by a campaign to post for them. Senator Schiff and I introduced the PAID Act because current campaign disclosure laws have not kept up with this new creator economy, and voters deserve to know who is financing their feeds before they vote."

The Associated Press contributed to this report.

Tyler Durden Thu, 08/27/2026 - 13:00
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1 month 2 weeks ago
Zinc Hits Four-Year High As "Extremely Thin" Physical Supply Fuels Squeeze

Zinc futures in London are headed for their largest monthly close since January, with prices hitting four-year highs this week amid tightening physical supplies.

London futures for the industrial metal initially gained as much as 1% before reversing course. Zinc fell .8% to $3,861 a ton as of 11:40 a.m. local time, halting a seven-day rally.

Despite the pullback, zinc's physical market remains extremely tight.

"Supply constraints boosting zinc: Zinc price has risen 31% since March to $3,966, driven by declining mine output, operational disruptions (fires, delays, and lower grades), and limited project development outside China," Jefferies analyst Sagar Sahu wrote in a note on Tuesday.

Sahu added, "ILZSG, international association for zinc & lead, has revised its 2026 global zinc market forecast to a 19kt deficit vs a 271kt surplus earlier. We raise our FY27-28E zinc price assumptions to $3,615-3,700, still 7-9% below spot prices."

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Zinc's cash-to-three-month spread widened into backwardation of more than $190 per ton on Thursday, after approaching $200 per ton on Wednesday, the steepest since December.

According to Fastmarkets, treatment charges, the fees miners pay smelters to process ore into zinc metal, have fallen as low as minus $110 a ton. This comes as ore shortages force smelters to compete for concentrate. Persistent negative fees could pressure smelter margins, trigger production cuts and deepen the supply squeeze.

Similarly, copper futures in London are showing signs of supply stress, including widening short-term spreads, low inventories, and negative treatment charges. Potential US import tariffs have been among the main drivers, forcing traders to redirect shipments toward the US and reducing availability elsewhere.

Last week, veteran commodities strategist Jeff Currie warned in a series of X posts:

Wake up, folks. Commodities are telling you something, and yesterday the Treasury confirmed it.

Scarcity in the physical world. Repression in the financial one. Scarcity pushes prices up. Repression holds yields down. The gap between them is the debasement.

Commodities are the only asset class that wins on both sides. The structural case for commodities has been turbocharged.

Read more about what Currie had to say about commodities here.

Tyler Durden Thu, 08/27/2026 - 12:40
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