California's SB 1047 AI safety bill is being debated in the state assembly. The Governor has until September 30 to sign it into law, and a resolution will occur if the bill becomes law by that date or if it passes the legislative session on August 31. A "Yes" outcome requires the bill to be signed into law by the Governor, while a "No" outcome requires either lack of passage before August 31 or veto followed by override failure. The market's resolution criteria are tied to key dates in the legislative process, with some flexibility for Governor vetoes and overrides.