Transcript Highlights:

• AB 1599, Arambula, California Transit Stop Registry, do pass on an A roll call.
• AB 2354, Gabriel, California serves program, do pass out on an A roll call.
• AB 1648, Michelle Rodriguez, California Epilepsy Program, held in committee.
• AB 1866, Rogers, California Disaster Assistance Act, held in committee.
• AB 2743, Soria, by California Task Force, held in committee. Maybe AB 50.

Committee: House Appropriations

Transcript Highlights:

• Immigrant communities across California, these threats are not abstract.
• Savannah Jorgensen, with the League of Women Voters of California, in support.
• Hi, Daniel Conway on behalf of Common Cause of California, also in support. Thank you.
• I represent CALA, California Stands for California Action for Legislative Accountability.
• California Action for Legislative Accountability.

Committee: House Elections

Transcript Highlights:

• Welcome to a very special setting of the California State Assembly Judiciary Committee.
• Compounding the issue, many nonprofit venues... ...entertainment to California communities.
• This bill is vital to the continued operation of community stages across California.
• I'm the executive director of the Consumer Federation of California.
• I'm the executive director of the Consumer Federation of California.

Committee: House Judiciary

Summary: The California Assembly Judiciary Committee heard AB 1349, authored by Assembly Member Bryan, which would prohibit speculative ticketing by requiring ticket sellers to own, possess, or have a contractual right to sell tickets before listing them for resale. The bill also aimed to increase transparency by requiring disclosure of seat locations, recordkeeping and refund capabilities for secondary platforms, and banning fake websites that mimic official event pages or mislead consumers. Bryan argued the practice is anti-consumer and leaves fans paying marked-up prices for tickets sellers may never obtain. Supporters included California Arts Advocates, artist James Fauntleroy, the Music Artist Coalition, the National Independent Venue Association, Live Nation, and several sports and entertainment organizations. They said speculative ticketing harms fans, artists, venues, and nonprofit arts groups by driving up prices, causing fraud, and diverting revenue. Some supporters, including sports teams and venue groups, noted they had implementation concerns and were working with the author on amendments. Opposition came from the Consumer Federation of California, StubHub, SeatGeek, TickPick, and Vivid Seats, which said they opposed the bill in its current form but supported the goal of stopping speculative ticketing. They argued the bill could create problems around consumer transfer rights, terms and conditions, and market structure, and pointed to the federal Ticket Act and ongoing antitrust litigation involving Ticketmaster as relevant context. Committee members generally expressed support for the bill’s consumer-protection goals while urging continued work on the implementation issues raised by opponents. Several members said they would vote for the bill and emphasized the need to protect consumers, artists, and small venues without strengthening existing monopolies or limiting legitimate ticket transfers. The author said he was committed to working with all sides and that the bill was not intended to affect the larger federal litigation. The committee then voted do pass as amended to Appropriations, with the bill passing on recorded votes and later an additional aye from Vice Chair Dixon added to the record.

Transcript Highlights:

• Cleo Bluthenthal with the California Community Foundation and strong support.
• I'm Allison 80 on behalf of the Personal Insurance Federation of California.
• Silvio Ferrari here on behalf of the California Building Industry Association.
• So very important to Central Coast, North Coast, and all of California.
• Unfortunately, man-made factors are directly contributing to, California.

Summary: The Environmental Safety and Toxic Materials Committee heard four measures and approved one consent item. AB 1617 was taken up on consent and passed to Appropriations. The committee then heard AB 1604, which would phase out bisphenol A in paper receipts by 2027 and all bisphenols by 2028. The author and supporters from Breast Cancer Prevention Partners and Californians Against Waste argued receipts are a source of worker and consumer exposure and waste contamination, while no opposition testified. The bill passed to Judiciary. AB 1642, dealing with post-wildfire smoke and contamination standards for returning to homes, workplaces, and schools, drew extensive testimony. The author, a Caltech professor, and Eaton Fire survivors described heavy metals and other contaminants found in smoke-damaged homes and said California lacks clear science-based clearance standards. Insurance and real estate groups opposed or expressed concern, arguing the bill could overlap with insurance claims handling and add costs, while the author and supporters said it only sets scientific standards and does not regulate claims. The bill passed to Appropriations on a 5-2 vote. AB 1691 addressed copper-based anti-fouling paint on boats and conflicting state water quality and pesticide regulations. The author and the City of Newport Beach said the bill would require DPR and the State Water Resources Control Board to coordinate on studies and consistent standards, while boating groups warned about unintended consequences and the possibility of a de facto ban. The committee also heard AB 1744, a truth-in-labeling bill sponsored by a high school eco club that would prohibit sunscreen from being marketed as reef-safe or reef-friendly if it contains chemical UV filters; it passed unanimously to Privacy and Consumer Protection. After add-on votes, the committee confirmed the earlier actions and adjourned.

Transcript Highlights:

• Melinda Kekani from the California Youth Justice Project. Youth Justice Project.
• I'm with the California Youth Justice Project.
• I then moved to San Medina, California.
• And now that we look across the state of California and to Los Angeles, California, there's over 130,000
• I represent the California Alliance for Youth and Community Justice.

Transcript Highlights:

• Welcome to the California Assembly. Members will now be moving on to business on the daily file.
• But here's what you have to understand about the state of California law. We have misdemeanors.
• Before California courts were consolidated, we had separate municipal and superior courts.
• California District Attorneys Association did support it.
• It requires collaboration and precision in a state as geographically diverse as California.

Summary: The Assembly convened after a quorum call, heard a prayer and Pledge of Allegiance, and then moved through routine procedural business, including dispensing with the reading of the prior journal, re-referring several bills, and approving committee scheduling requests. There was also a point of order from Assemblymember DeMaio asking about a possible Governor’s message regarding Medi-Cal, but the chair said no formal message had been received at the desk. The main floor debate centered on AB 321 by Assemblymember Schultz, the Better Informed Decisions Act, which would allow courts to consider reducing certain “wobbler” offenses from felonies to misdemeanors later in the criminal process if new evidence emerges. Supporters argued it would improve fairness, transparency, and efficiency by letting judges make better-informed decisions; opponents said it would weaken felony accountability and conflict with voter intent on public safety. The bill passed on a 46-5 vote. The Assembly also adopted ACR 47 by Assemblymember Chen, declaring March 16–22 as National Surveyors Week, with 63 co-authors added and the resolution adopted by voice vote. AB 387 by Assemblymember Alanis, which expands jury duty exemptions to include probation officers, passed 64-0. On the consent calendar, ACR 46, HR 9, HR 22, and SCR 17 were adopted with unanimous votes, and the Assembly adjourned until Monday, March 17 at 1 p.m.

Transcript Highlights:

• </c><02:19:15.519><c> Educators,</c> Long Beach, California. Educators, Long Beach, California.
• >> The gentleman from California seeks recognition. >> Without objection, the gentleman from California
• It's not just limited to California.
• </c> educational achievement in California educational achievement in California has<03:13:19.439><c>
• </c> Services Agency found that California Services Agency found that California improper<03:18:59.680

Bills: HB2988

Keywords: ERISA, retirement savings, pension plans, defined contribution plans, 401(k), 403(b), fiduciary duty, fiduciary, ESG, environmental social governance, proxy voting, shareholder rights, brokerage window, self-directed brokerage account, designated investment alternative, plan sponsor, investment adviser, service provider, non-pecuniary factors, pecuniary factors

Transcript Highlights:

• So do you have any special positions on oil and gas extraction in California?
• The State of California is so large.
• Where’s California with that?
• Women are better represented in California civil service jobs than in the California and U.S. labor market
• Women are better represented in California civil service jobs than in the California and U.S. labor market

Committee: Senate Rules

Summary: The Senate Rules Committee first handled several routine items, approving two governor appointments not required to appear: Armin Meyer to the Division of Consumer Financial Protection and Uca Danka to the California State Lottery Commission. The committee also approved referral of bills to committees, a Rules waiver request to suspend SR 55 for guest access on the Senate floor on April 6, and floor acknowledgments, with each action passing 5-0. The committee then heard from Arania Ortega, appointed to the Public Employment Relations Board. Members asked about her background at CalHR and the Department of Finance, her approach to board decision-making, recusal rules, the status of AB 288, PERB’s caseload and backlog, ride-share enforcement, and the legislative employees’ unionization process. Ortega said PERB currently has no backlog, is preparing for possible new workloads, and has recusal procedures that would automatically exclude her from certain state employee and child care cases for one year. Public testimony supported her appointment, and the committee voted 5-0 to move her nomination to the full Senate. The committee also heard from Monica Erickson, nominated to lead the Department of Human Resources. Questions focused on state labor negotiations, CalPERS, recruitment and retention, telework, discipline and HR training, DEIA efforts, hiring pipelines, degree requirements, veteran hiring, return-to-office implementation, and the gender pay gap. Erickson said CalHR has reduced the vacancy rate from 20% to 17%, is expanding recruitment tools and class consolidations, is working on a skills-matching tool and career counseling, and has helped reduce the gender pay gap from 21.1% in 2013 to 12.2%. Public witnesses spoke in support, and the committee approved her nomination 5-0 to advance to the Senate floor.

Transcript Highlights:

• Committee's oversight hearing of the California Department of Insurance.
• And so, but that's just the reality of our system here in California.
• In Southern California, people were calling in asking, how much is this going to cost me?
• Sarah and Taylor, on behalf of the Personal Insurance Federation of California.
• We have stopped building condos in the state of California because of this crisis.

Committee: House Insurance

Summary: The Assembly Insurance Committee held an oversight hearing on the California Department of Insurance’s Sustainable Insurance Strategy (SIS), with Commissioner Ricardo Lara reporting on implementation progress and the state’s broader homeowners and commercial insurance crisis. He said the department has finalized major reforms, is reviewing catastrophe models, and expects insurers to begin submitting new rate filings in the coming weeks under the updated framework. Lara emphasized that the goal is to improve availability and stability in the admitted market, reduce reliance on the FAIR Plan, and better reward wildfire mitigation and home hardening. A major portion of the hearing focused on claims handling after the Los Angeles-area wildfires, including smoke-damage claims, underinsurance, and the FAIR Plan. Lara said the department has opened a formal market conduct examination of State Farm’s wildfire claims handling, is investigating FAIR Plan smoke-damage claims, and has helped more than 12,000 wildfire survivors while recovering more than $60 million on complaints. He also announced a new smoke claims and remediation task force to develop standards for smoke-damage cleanup and health protections, and said the department is working with other western states on underinsurance data and policy solutions. Members asked about implementation timelines, the impact on consumers, FAIR Plan costs, and the role of intervenors in rate cases. Lara said the department is tightening rules for intervener compensation and will no longer grant petitions unrelated to the actual rate application, while also clearing a backlog of compensation petitions. He said the FAIR Plan has begun publicly posting policy counts and financial information, and that further transparency measures may follow. Public commenters from the insurance, building, and broker industries generally supported SIS, saying it is needed to restore availability, improve rate timeliness, and stabilize the market. No votes were taken, and the hearing concluded without formal committee action.

Transcript Highlights:

• It's an honor to host this important... stop on the California State Assembly's Pocket Tour.
• Patel, and it was a great kickoff in Southern California.
• California has this incredible engine in the form of small business resources.
• It's expensive to do business in California, right?
• That's stuff. that we're dealing with in California and in cost of insurance.

Committee: House Economic Development, Growth, and Household Impact

Transcript Highlights:

• The three remaining are California State Prison, Sacramento; Salinas Valley State Prison; and the California
• Courtney Hansen with the California Coalition for Women Prisoners.
• I'm the Executive Director of California Lawyers for the Arts.
• I'm the Executive Director of California Lawyers for the Arts.
• Off, on behalf of Smart Justice California.

Summary: The Senate Budget Subcommittee heard presentations from the Office of the Inspector General (OIG), California Correctional Health Care Services (CCHCS), the California Advancing and Innovating Medi-Cal (CalAIM) program, and the Coleman mental health receivership. The hearing focused on correctional health care, reentry, aging incarcerated populations, and the state’s progress toward compliance in the Plata and Coleman receiverships. Members also discussed the OIG’s intake complaint workload and medical inspection findings, as well as broader questions about staffing, vacancies, and the cost of court oversight. The OIG requested $275,000 General Fund for two permanent positions in its intake processing unit, citing a sharp rise in complaints from 3,200 in 2022 to 7,860 in 2025. OIG officials said complaints are categorized by issue and prison, prioritized by urgency, and generally responded to within 30 days, but they do not track complaint “validity” rates. The medical inspection unit reported that in cycle seven, case review performance was generally adequate while policy compliance was often inadequate; the lowest-scoring areas included emergency services, medication management, and health care environment. Members asked for more detailed reporting on complaint types, priority levels, and systemic issues. CCHCS described rising health care costs driven by an aging prison population, staffing vacancies, and contract medical expenses. Officials said more than 80% of the budget is personal services, and they are using hiring events, social media outreach, and expanded classifications to reduce vacancies. CalAIM officials reported early implementation success in pre-release and reentry services, including 89% Medi-Cal activation at release, 87% assigned managed care plans, 88% reentry care plans, and 59% warm handoffs, with about 169,000 claims submitted and $14.7 million reimbursed. The LAO noted that the Plata medical receivership has increased per-person costs and that the state should continue oversight while seeking ways to reduce vacancies and expand federal reimbursement opportunities. For the Coleman mental health receivership, the receiver’s office requested $33.9 million from the Mental Health Special Deposit Fund, including $8.2 million for receiver office staffing and $25.3 million to make court-ordered bonus payments permanent. The LAO supported continued oversight but recommended additional steps to address vacancies, including greater out-of-state recruitment, expanded telemental health, and possible consolidation of mental health services. The LAO also recommended reducing the telemental health staffing request and monitoring its effects. Members questioned the long-term cost of receiverships, the pace of compliance, and whether more detailed benchmarks and staffing data should be provided. No formal votes were taken during the portion of the hearing provided.

Transcript Highlights:

• Julia Hall with the Association of California Water Agencies.
• Good morning, Chris Anderson, California Chamber of Commerce.
• Felipe Fuentes here on behalf of the Associated General Contractors of California.
• Grisel de Chavez on behalf of the California Association of Local Conservation Corps.
• Jackie on us, on behalf of the California Fields Commence Alliance.

Transcript Highlights:

• John Kennedy with the Rural County Representatives of California, in support.
• John Kennedy with the Rural County Representatives of California, in support. Thank you.
• Scott Weston, on behalf of the California State Pipe Trades Council.
• We want California-trained, licensed folks in there.
• We want California-trained, licensed folks in there.

Summary: The Assembly Committee on Utilities and Energy met as a subcommittee because a quorum was not present, and the chair announced 16 measures on the agenda, nine of them on consent. The committee then took up AB 1016 by Assemblymember Gonzalez, which would create a five-year pilot program allowing certain counties with geothermal elements in their general plans to locally permit geothermal plants up to 150 net megawatts through 2030. The author and Imperial County representatives argued the bill would streamline a duplicative permitting process, support local control, and bring jobs, tax revenue, and clean baseload energy development to Imperial County, which they described as facing high unemployment and poverty and having significant geothermal potential. Supporters included Imperial County officials, Rural County Representatives of California, Independent Energy Producers, and local community representatives. They emphasized the county’s long history of geothermal permitting, its planning efforts, and the economic benefits of projects that could support schools, health care, and community colleges. Opposition came from labor organizations including the California State Pipe Trades Council, Western States Council of Sheet Metal Workers, California Coalition of Utility Employees, State Association of Electrical Workers, and State Building Trades. Their main concern was that shifting permitting from the California Energy Commission to local governments could remove the skilled-and-trained workforce requirement that currently applies to CEC-permitted projects. Committee members asked about that labor issue, and the author said he intended to work with the opposition coalition to ensure local workers are prioritized and that projects use skilled, trained, California-licensed labor. The discussion ended with the bill still under consideration; no vote was taken in the portion of the hearing provided.

Transcript Highlights:

• SB 762 responds to the growing fiscal pressures facing local governments across California, including
• Santa Cruz... ...the growing fiscal pressures facing local governments across California, including
• California counties are faced with the difficult decisions of diverting money away from other public
• Please join me in welcoming them to the California State Assembly. Welcome.
• Please join me in welcoming them to the California State Assembly. Welcome.

Transcript Highlights:

• The University of California, Merced, turns 20 years old this week.
• From an area that has long been underserved in California.
• Welcome to the California Assembly. Yes, stand up and be recognized. We welcome you.
• Academy training with the California Highway Patrol.
• We will miss him, but we will never, ever forget his commitment to the state of California.

Summary: The Assembly met after a quorum call and opened with a prayer marking the 80th anniversary of Hiroshima, followed by the Pledge of Allegiance and several guest introductions, including a recognition of UC Merced’s 20th anniversary. Members then moved through the Daily File, with several items passed or retained on file, and took up concurrence votes on a number of bills. Among the measures discussed, AB 385 on park property and AB 1119 on teacher credentialing both received unanimous concurrence in Senate amendments. SB 351, dealing with health practices and enforcement of California’s corporate practice of medicine rules, was presented as a way to protect physician decision-making from private equity and hedge fund interference and passed 61-0. SB 697 on water rights adjudication and use of technology, including drones for investigations, also passed unanimously. The most detailed debate centered on SB 346, which would help local governments enforce short-term rental ordinances and collect transient occupancy taxes by requiring platforms to provide property information. Supporters argued it would improve local control, public safety, and revenue collection, while members with local government experience described the difficulty cities face regulating short-term rentals. The bill passed 50-0. The chamber then moved to adjournment-in-memory remarks honoring Miguel Antonio Cano, Vincent Dino, Andrew Meredith, and Erica Hoffman, before adjourning until Tuesday, September 2 at 1 p.m.

Transcript Highlights:

• Just that it's happening from the legal space that we offer in California.
• We know that the state of California is quite large, and I can definitely see...
• Amy Jenkins here on behalf of the California Cannabis Operators Association.
• that distribution chain into California.
• We know there's a lot of construction work in California.

Transcript Highlights:

• Just that it's happening from the legal space that we offer in California.
• Just that it's happening from the legal space that we offer in California.
• Amy Jenkins here on behalf of the California Cannabis Operators Association.
• off that distribution chain into California.
• We know there's a lot of construction work in California.

Summary: The Assembly Budget Subcommittee on State Administration heard several CalVet budget updates first. CalVet reported progress on the Southern California Veterans Cemetery at Gypsum Canyon, explaining that DGS is revising the earlier feasibility study to reflect a smaller footprint and lower grading costs, with updated numbers expected by the end of April. Members and public commenters emphasized the project’s importance and asked whether additional budget authority or trailer bill language was needed; CalVet said it may need more spending authority but wanted to return after the revised study is complete. The committee also reviewed the Yountville skilled nursing facility replacement project, where CalVet said construction is nearing completion, a certificate of occupancy was received, and the new 240-bed facility will replace Holderman Hospital while older buildings will be repurposed for lower levels of care. CalVet also defended eliminating about 178 vacant positions at Yountville and West Los Angeles as a fiscal and staffing efficiency measure, saying current care levels can still be met and that retention and hiring efforts are improving. The committee then took up the Department of Cannabis Control’s enforcement and legal affairs proposal. DCC described the size of the illicit cannabis market, said enforcement alone cannot solve the problem, and asked for additional sworn staff, a new Redding-area field office, and more analysts to focus on distribution networks, organized crime, environmental harms, and high-priority public safety cases. Finance supported the proposal as a targeted investment, while the LAO had no additional comment. Members asked about funding impacts and local co-location options, and DCC said the request would be funded from cannabis excise tax revenues and could help shift sales into the legal market. Public testimony from the cannabis industry strongly supported more enforcement against illicit retail and said it would help legal operators compete. DCC also presented its hemp enforcement and regulation proposal tied to AB 8. The department said the law closes loopholes around intoxicating hemp products, strengthens enforcement across agencies, and prepares for hemp to enter the cannabis regulatory framework in 2028. DCC requested staff for a civil enforcement unit, field-testing equipment, lab capacity to detect synthetic cannabinoids, a track-and-trace specialist, and a policy specialist. Members asked about enforcement in informal retail settings and consumer confusion, and DCC said the biggest problems have been smoke shops and online sales. Public commenters from the legal cannabis industry supported the proposal, saying intoxicating hemp has harmed the regulated market and created public safety risks. The Cannabis Control Appeals Panel then requested ongoing funding of $3.4 million to support 12 positions and its quasi-judicial appeals function. The panel said that with provisional licenses largely phased out, more annual licensees now have appeal rights and the workload is beginning to increase, with two cases currently on the docket. The LAO recommended limiting funding to three years and requiring a workload and comparative analysis before making the funding permanent, while Finance supported ongoing funding as consistent with the panel’s permanent statutory role. Members questioned the panel’s compensation and workload, noting that the five-member body is paid at a high statutory rate despite historically meeting only quarterly, though panel staff said the work now includes substantial case preparation and monthly hearings. Finally, the Department of Consumer Affairs introduced two proposals: $2 million ongoing for the Contractors State License Board’s IT needs and $251,000 plus one limited-term position for the Board of Pharmacy to implement Proposition 34-related licensing policy and reduce barriers to licensure.

Transcript Highlights:

• The State of California legalized the use, cultivation, and sale of cannabis in 2016.
• Similar events have occurred throughout the state of California in Alameda, Studio City, Northridge,
• The audit team found, when reviewing cannabis products for sale in California, gaps that exist in the
• I am Karen Woodson, and I'm here on behalf of the California Cannabis Industry Association.
• The remaining task is not whether California should protect children.

Summary: The Joint Legislative Audit Committee heard an audit on the Department of Cannabis Control’s oversight of cannabis packaging and labeling, focused on products that may be attractive to children. The auditor said the department’s rules are often vague or subjective, leading to inconsistent enforcement, and that the state relies heavily on complaints rather than pre-market review. The audit found disagreements with DCC’s conclusions in 13 of 80 packaging reviews, and noted weaknesses in tracking repeat violators and escalating penalties. The auditor recommended clearer statutory standards, better internal review tools, stronger repeat-offender policies, and consideration of options such as plain packaging or pre-approval systems. Committee members and the audit requester emphasized rising cannabis poison-control calls involving children under five and cited examples of legal products with cartoon imagery, bright colors, candy-like names, and beverage packaging that resembled ordinary drinks. DCC representatives said they had already begun reforms, including a centralized review team, improved databases, enhanced technology tools, and new procedures to track compliance history and apply progressive discipline. They also stressed that illicit cannabis and intoxicating hemp remain major sources of youth exposure and argued that some issues require both regulatory refinement and more legislative clarity. Public health witnesses argued that California has not done enough to protect children and urged plain packaging, limits on flavors and child-appealing design, and a pre-market review process. Industry representatives agreed that cannabis should not be marketed to children but said the current rules are too subjective and inconsistent, and asked for objective, bright-line standards rather than broader bans. Several members said the examples shown were plainly child-appealing and called for stronger statutory guardrails, while also acknowledging the need to keep pressure on the illicit market. No formal vote or action was taken during the hearing.

Transcript Highlights:

• I’m Wendy Turk for the California Alliance for Adoptee Rights, sponsor of the bill.
• California birth parents do not need protection from our children.
• California birth parents say, stop treating our children as second-class citizens.
• Katie Winen, adult transracial adoptee, Oakland, California. I support this bill.
• Jenny Barnes, I'm from Discovery Bay, California. Jenny Barnes, I'm from Discovery Bay, California.

Committee: Senate Health

Transcript Highlights:

• </c><00:14:21.279><c> utility</c> many reasons in California utility many reasons in California utility
• Yeah, that's actually kind of where I was going, though, that the California, as I understand, the California
• </c><00:34:58.440><c> as</c><00:34:58.520><c> I</c> though that the California as I though that the California
• </c><00:35:21.920><c> to</c> why it would be fair for California to why it would be fair for California
• </c> and just two weeks ago the California and just two weeks ago the California cpuc<00:35:43.240><c

Summary: The joint committees heard testimony on HB 982 HD1, a wildfire-related measure aimed at creating a wildfire recovery fund and a financing structure to address future catastrophic wildfire liability. The Department of Commerce and Consumer Affairs, the Division of Consumer Advocacy, and the Public Utilities Commission submitted comments and were available for questions. Supporters included IBW Local 1260, Kauai Island Utility Cooperative, Clearway Energy Group, Hawaiian Electric, Par Hawaii, and others, while Charter Communications and the Hawaii Association for Justice opposed or raised concerns. Life of the Land supported the bill but urged changes to the definition of a catastrophic wildfire and noted concerns about prudency review language. IBW Local 1260 asked to restore language from the original draft, and Charter warned the bill could impair existing contract and indemnity rights unless amended. A major focus of the hearing was Hawaiian Electric’s position on the HD1 version. Hawaiian Electric strongly supported the original bill but objected to the HD1 requirement for an additional $500 million shareholder contribution, arguing it was not feasible and could delay or prevent the fund from operating. The company said the bill would help protect customers and improve credit ratings by creating a dedicated revenue stream and a bankruptcy-remote financing structure, which it said would lower borrowing costs over time. Members questioned how the $1 billion securitization amount was chosen, whether credit rating agencies had indicated it was sufficient, and how the bill would work in bankruptcy; Hawaiian Electric said the amount was a balance among interests, not based on a specific agency directive, and that it would follow up on bankruptcy questions. Opponents and skeptics raised concerns about liability caps, the new claims process, and unclear language on damages above the fund’s limits. The Hawaii Association for Justice argued the bill limits victims’ remedies and gives too much authority to the new entity without clear guardrails. Committee members also pressed Hawaiian Electric on comparisons to California, the feasibility of the shareholder contribution, and whether alternative capital-raising or divestiture options had been considered. No vote or final action was taken in the portion of the hearing provided; testimony and questioning continued with follow-up information requested from Hawaiian Electric and others.