Transcript Highlights:

• They wouldn't be able to claim it in that calendar year.
• And so many of these things are things that we plan to discuss through that process.
• And through that public process, we'll be able to narrow in.
• And through that public process, we'll be able to narrow in.
• So I would counter those claims that this is not effective.

Summary: The meeting began with a budget subcommittee hearing on a proposed sustainable aviation fuel (SAF) tax credit trailer bill. Assembly Members Ávila Farías and another member spoke in support, emphasizing union jobs, refinery investments, and the need to decarbonize aviation. The Department of Finance said the Governor’s proposal would provide a $1 to $2 per gallon credit against the diesel excise tax for SAF sold in California from 2026 to 2036. The Legislative Analyst’s Office recommended rejecting the proposal, arguing it is a relatively expensive way to reduce emissions, has uncertain environmental benefits, could significantly reduce transportation revenues, and conflicts with the spirit of voter restrictions on transportation taxes. Committee members questioned whether the credit would mainly benefit out-of-state producers, whether firms would have diesel tax liability to use the credit, and whether the proposal would shift production away from renewable diesel and raise fuel prices. Administration and CARB staff said the credit is intended to support aviation decarbonization, preserve jobs, and help keep California on track toward its 2045 climate goals. LAO and UC Berkeley testimony countered that the policy could mostly subsidize existing technologies, that feedstock supply is limited, and that the net emissions benefit may be small relative to the cost. Members also asked about the effect on local streets and roads, SHOP, and trade corridor funding; Finance estimated a $165 million annual revenue impact would reduce those programs, while LAO said the reductions would mean fewer projects over time. No vote was taken, and the chair said the issue would remain open for further discussion. The committee then moved to a zero-emission vehicle incentive trailer bill proposing a one-time $200 million appropriation to CARB for a new point-of-sale incentive program focused on first-time buyers and leases of new and used light-duty ZEVs. Supporters said the program would help offset the loss of the federal EV tax credit, maintain momentum in California’s ZEV transition, and use a one-to-one match with participating automakers to double the state’s investment. LAO recommended rejection, saying the proposal does not meet the high budget bar this year, lacks enough program detail to evaluate, is unlikely to move sales significantly given the size of the appropriation, and could duplicate existing state and utility programs. Members asked about current incentives across light-, medium-, and heavy-duty sectors, the recent decline in ZEV sales, and whether the program would help lower-income buyers rather than subsidize purchases that would have happened anyway. CARB said the proposal is meant to fill a gap in the light-duty market, where sales fell sharply after the federal credit expired, and noted existing programs for other vehicle classes. The Department of Finance also addressed a separate question about the Motor Vehicle Account, saying a previously planned GGRF transfer was no longer needed because updated forecasts showed the fund had sufficient balances, though LAO said the account still has a structural long-term imbalance. The discussion ended before any vote or action on the ZEV proposal.

Transcript Highlights:

• We remain committed to engagement with stakeholders as we move through the legislative process.
• AB 2705 seeks to establish a uniform framework in the excess proceeds claim process to ensure consumers
• AB 1857 gives communities a process to move those covenants and bring grocery stores back.
• detention extension hearing process.
• detention extension hearing process.

Keywords: 988, house, all

Transcript Highlights:

• claimed a year?
• value added processing as an value added processing as an additional<00:18:42.360> understand<
• <00:24:18.039> instead change change if we say process instead change change if we say process
• additional definition to include process additional definition to include process AI<00:24:37.840
• <00:57:57.880> that<00:57:58.119> helps process that helps process that helps develop<00

Keywords: 912, senate, all

Summary: The Senate Committee on Economic Development and Tourism heard testimony on several bills, with much of the discussion focused on Enterprise Zones and related economic development measures. On SB 125, the committee heard support from DBEDT, the Department of Taxation, the Tax Foundation of Hawaiʻi, the Hawaiʻi Farm Bureau, and the Farmers Union. Members questioned how the bill would affect job-creation requirements and learned that existing companies and new companies are treated differently under the program, with existing companies generally subject to a 15% annual employment increase and new companies to a 10% increase, while the bill would extend the program period from seven to nine years. DBEDT also said the program has been effective, citing 1,162 jobs created or maintained at a cost of about $1.2 million, and noted that agriculture, manufacturing, and wholesaling are the main sectors involved. The committee then took up SB 729, also relating to Enterprise Zones, which would expand eligibility to better accommodate local manufacturers and value-added businesses that sell directly to retail rather than only wholesale. Testifiers from the Holua Collaborative and Hawaiʻi Farm Bureau supported the measure, saying it would help small manufacturers and agricultural producers add value and adapt to internet-era sales patterns. A committee discussion clarified that the bill would add value-added processing as an allowable activity within the zones, and DBEDT explained that the current rules were written for a wholesale-dominated market. The Attorney General’s office also testified, raising a supremacy clause concern and recommending language changes to avoid conflict with federal law. On SB 129, relating to labeling requirements for fish, the Attorney General and the Department of Agriculture both raised concerns about federal preemption and enforcement. The AG explained that federal law governs fish labeling but includes an exception for processed fish, and recommended narrowing the bill to processed fish and defining that term to fit the federal carve-out. The Hawaii Longline Association supported the bill but suggested excluding canned tuna while including products such as poke, sashimi, and sushi. The Department of Agriculture said it does not currently enforce this kind of labeling requirement and would need to determine whether another agency should handle enforcement. The committee also heard SB 581, which would establish an aerospace and aeronautics development program within DBEDT. Testimony was generally supportive, but members pressed for a fiscal estimate, and the bill’s sponsor said a prior version of the office had operated on about $400,000 annually with a small staff. No votes or final committee actions were taken during the portion of the hearing provided.

Transcript Highlights:

• Maybe it's no longer owner occupied or there's a new owner that needs to make that claim.
• Maybe it's no longer owner occupied or there's a new owner that needs to make that claim.
• notice of assessment from us in April, that they would see that claim on there.
• long<01:21:45.760> as<01:21:45.920> your processing that, as long as your processing
• but I don't claim residency in Arizona. but I don't claim residency in Arizona.

Bills: SF0061, SF0098, SF0110

Keywords: sales tax, motor vehicle, family transfer, tax exemption, Wyoming legislation, veteran, property tax exemption, Wyoming National Guard, honorable discharge, tax benefits, surviving spouse, military service, property tax, residential real estate, tax assessment, primary residence, tax revenue, 916, all

Transcript Highlights:

• One that may affect how they communicate, respond, or process instructions. Mr.
• <00:45:31.520> against<00:45:31.880> the<00:45:31.960> state of certain claims
• against the state of certain claims against the state which<00:45:32.480> have<00:45:32.600><
• <00:45:41.600> were<00:45:41.800> chargeable against which the claims were chargeable
• against which the claims were chargeable or<00:45:43.000> the<00:45:43.120> lack<00:45

Keywords: 958, all

Summary: The House convened with an invocation and pledge, established a quorum with 95 members present, excused absent members, and suspended the rules to allow co-sponsorships and vote modifications. The chamber also received notice that the Senate had passed Senate Bills 33, 37, and 56 and requested concurrence, and it approved the journal from February 27, 2026. The House then considered several bills. House Bill 648, relating to motor vehicle dealers, was explained as closing loopholes in warranty compensation for class 7 and 8 heavy-duty truck dealers; it passed 94-0. House Bill 299, relating to machine gun conversion devices or “Glock switches,” was amended by House Committee Substitute 1, described as mirroring existing federal law so local law enforcement can enforce it; it passed 65-25, with one member explaining support as a constitutional gun restriction. House Bill 282, “Troy’s Law,” relating to vehicle lights for tow trucks, was amended to allow green flashing, rotating, or oscillating lights for wreckers and was presented as a safety measure honoring tow operators killed or injured on highways; it passed unanimously. House Bill 658, relating to limited commercial driver’s licenses for agricultural businesses, was amended with clarifying language and passed 93-0. House Bill 519, relating to a voluntary notation on driver’s licenses or IDs for people with communication disorders, was described as a non-stigmatizing safety tool for first responders and passed 92-0. House Bill 246, “Keion’s Law,” requiring animal control officers to receive training to identify and report child abuse and neglect, was amended to address county liability concerns and passed 85-0 after testimony about child maltreatment data and the link between animal abuse and child abuse. After the bills, the House took up additional business, including moving House Bills 619 and 651 from Appropriations and Revenue for second reading. The chamber also adopted Citation 52 recognizing the Model Laboratory School Personal Finance Team for winning a state competition, and Citation 51 honoring the Blueprint for Kentucky’s Children and Children’s Advocacy Week. Members announced committee meetings, an Americans for Prosperity Kentucky reception, and a Women’s History Month recognition highlighting Martha Layne Collins as Kentucky’s first and only female governor.

Transcript Highlights:

• Now, during tax season, employees are filing their tax returns and claiming the 0.09% overpayment for
• A quick question for you on the franchise: with the franchise appeal, do you think taxpayers have claimed
• , do you think taxpayers have claimed all the refunds of the estimated franchise tax?
• I think there's ways that we can get there as we work through the process.
• Made some suggestions that didn't quite make it through the process.

Summary: The Revenue Estimating Conference met with four members present and first approved the prior meeting minutes and recognized the FYI end-of-balance of $577,077,871 as nonrecurring revenue. The main business was revising the state revenue forecast for FY 2026, FY 2027, and the long-range outlook. The Division of Administration recommended a $113 million reduction to the FY 2026 State General Fund forecast and a $104 million reduction for FY 2027, citing weaker-than-expected individual income tax collections, softer corporate income tax receipts, and some weakness in general sales tax, partly offset by stronger motor vehicle sales tax and higher mineral-related revenues tied to oil prices. The Legislative Fiscal Office presented a somewhat different but broadly similar forecast, with modest net increases to the general fund bottom line in the current year and next year, emphasizing caution on income and corporate taxes and more optimism on sales, severance, royalties, and some other revenue streams. A substantial portion of the discussion focused on the causes of the income tax shortfall, especially withholding and refund patterns after tax changes that lowered rates. Department of Revenue officials explained that withholding tables had been set with a cushion that may be producing larger refunds, and said changing the tables could quickly reduce overwithholding, though the effect would take time to show up. Members also discussed corporate collections, the lingering effects of the franchise tax repeal, the role of settlements and audits, and the extent to which collections are voluntary versus enforcement-driven. The Department of Revenue said corporate collections still had key filing and estimated-payment milestones ahead in May and June, and that refund and audit activity related to the former franchise tax would continue for some time. The conference then adopted the Division of Administration’s FY 2026 forecast, the FY 2027 recurring forecast, and the long-range forecast, along with the proposed inflation rates for the Millennium Trust and parish severance allocation. Members also adopted the incentive expenditure forecast, noting that the reported amount is only the REC-reported portion and that larger tax exemption amounts come off the top before appropriations. The Treasurer reported a General Fund cash balance of about $404.1 million as of May 5, 2026, and an interfund borrowing base of about $9.18 billion, saying cash levels were similar on average to the prior year. The meeting ended with a note that another REC meeting might be needed depending on the May 16 election, and the conference adjourned without objection.

Transcript Highlights:

• Now, during tax season, employees are filing their tax returns and claiming the 0.09% overpayment for
• With the franchise appeal, do you think taxpayers have claimed all the refunds of the estimated franchise
• , do you think taxpayers have claimed all the refunds of the estimated franchise tax?
• I think there's ways that we can get there as we work through the process.
• Made some suggestions that didn't quite make it through the process.

Keywords: 965, house, all

Summary: The Revenue Estimating Conference met with four members present and first approved the December 11, 2025 minutes. Members then recognized the FYI end-of-balance of $577,077,871 as non-recurring revenue. The main business was revising the state revenue forecast for FY 2026, with the Division of Administration recommending a reduction of about $113 million, driven primarily by weaker individual income tax collections, softer general sales tax receipts, and a substantial cut to corporate income tax forecasts. The Legislative Fiscal Office presented a somewhat different but still cautious outlook, and members discussed withholding rates, refund growth, corporate collections, and the effects of the franchise tax repeal and tax reform changes. After questions to the Department of Revenue about collections, refunds, enforcement, and settlements, the conference adopted the Division of Administration’s FY 2026 forecast. The conference then reviewed the FY 2027 recurring forecast. The Division of Administration again recommended a reduction, this time about $104 million, citing continued caution on individual income and corporate taxes, while the Legislative Fiscal Office projected a net increase of about $127 million, largely from sales tax, severance, royalties, vehicle sales tax, and other revenue streams. Members discussed the practical budget impact of the revised forecasts, including the need to reduce spending and the difficulty of funding a possible teacher stipend if a constitutional amendment fails. The FY 2027 recurring forecast was adopted. Members also adopted the long-range forecast, the proposed inflation rates for the Millennium Trust and parish severance allocation, and the incentive expenditure forecast. The incentive discussion noted that reported incentive costs reduce available revenue before appropriations, and members raised the possibility of reviewing or capping such incentives. The Treasurer’s Office then reported that the General Fund cash balance was $404.1 million as of May 5, 2026, and the interfund borrowing base was about $9.18 billion, with cash positions generally similar to the prior year. The meeting ended with a note that another REC meeting might be needed after the May 16 election, followed by adjournment.

Transcript Highlights:

• They claim that hate has no place here.
• They claim that hate has no place here. They claim that hate has no place here.
• They claim to principle in another.
• injured by vaccines and their claims injured by vaccines and their claims have<02:18:51.519>
• fish and game to dees and that process fish and game to dees and that process is<05:16:41.360>

Keywords: 1189, house, all

Transcript Highlights:

• Um, so so this is just a a process Um, so so this is just a a process whereby<00:30:07.679> nobody
• Um on the most transparent process.
• So reserves are there to pay claims.
• . process. process.
• is going to involve not like the claim is going to involve not like the claim side's<03:27:30.080

Keywords: 916, all

Transcript Highlights:

• <00:15:40.639> that into a long-term care policy claim that into a long-term care policy claim
• It also denied 24% of claims in their first attempts to qualify for benefits, which is an increase from
• It also denied 24% of claims in their first attempts to qualify for benefits, which is an increase from
• I cannot, cannot, cannot believe you just heard his claim was denied.
• That's how complicated and time-consuming this process is from client to client.

Keywords: 1183, house

Transcript Highlights:

• Federal Department of Veterans Affairs, and in that time has had only 47 claims denied.
• be entitled an act relating to service of process.
• A bill to be entitled an act relating to service of process.
• Members, HB 157 is a service of process bill.
• be entitled an act relating to service of process.

Summary: The House convened with prayer, the Pledge of Allegiance, quorum confirmed, and several recognitions, including a moment of silence for retired fire captain Bill Guston and a welcome for guests in the galleries. The Speaker then outlined the House’s budget approach, saying the proposed General Appropriations Act would be lower than both the governor’s proposal and last year’s budget, and announced plans to seek a permanent 0.75% reduction in the state sales tax. The chamber also received the governor’s veto message on portions of HB 5001 and began considering motions to restore several vetoed appropriations. Members unanimously reinstated funding for the Florida Senior Veterans and Crisis Fund, the Rockledge Advanced Water Treatment Phase 1 project, the automated staffing/time management system for the Department of Corrections, and the Baldwin sanitary sewer and water main replacement project. The House also adopted special order and GAA amendment-procedure reports. On the special order calendar, the chamber passed HB 289 on boating safety (“Lucy’s Law”), HB 735 on water access facilities, HB 11 on municipal water and sewer utility rates, CS/HB 85 on hazardous walking conditions, and CS/HB 157 on service of process, all by wide margins. The most debated measure was HB 6017, which would repeal Florida’s “free kill” law limiting wrongful-death damages in medical negligence cases. Supporters described the bill as a long-sought justice measure for families who lost adult children and were barred from suing, while opponents argued it was needed to provide accountability and fairness. The bill passed 104-6. The House then took up HB 759, which would lower the minimum age to purchase or transfer a firearm from 21 to 18. An amendment to keep the age at 21 was defeated, and debate featured strong arguments on both sides about constitutional rights, public safety, Parkland, military service, and data on youth violence; the transcript ends during continued debate on the bill, before final passage is shown.

Transcript Highlights:

• An insurance claim, or charge a rural hospital or healthcare practitioner providing services in a rural
• and retained in the committee substitute, states that a child psychiatry access center may submit a claim
• Not only is the mother recovering from physical labor or a caesarean, but she is also trying to process
• And there's no streamlined process for providers... ...when it comes to consent to care via telehealth
• What we didn't do, though, was address the other side, which is the administrative processes that are

Bills: HB18, HB742, HB754, HB1644, HB2187, HB1887, HB 1275, HB37, HB1503, HB1699, HB1700, HB2735, HB1741, HB1731, HB1675, HB18, HB37

Keywords: rural health, hospital funding, healthcare access, mental health services, financial stability, human trafficking, first responders, health care, training, reporting, protection, trafficking prevention, medical assistant training, health care facilities, hospital compliance, clinic compliance, anti-retaliation, whistleblower protection, employee reporting, good faith report

Transcript Highlights:

• Here opposing this bill right now, but this bill will not do that as claimed.
• In Medicare Part B claims data from 2013 to 202022 shows a 9% decline of rural optometrists in our state
• And that same time frame, there was a 47% increase of primary eye care claims.
• You're in opposition of HB 131 due to lack of accountability in the transfer process from the New Mexico
• This process has yet been changed since it has already been moved to the New Mexico Healthcare Authority

Transcript Highlights:

• MITIGATION DISCOUNTS REQUIRING MITIGATION DISCOUNT FORMS 1802 BE PROVIDED FOR THE OFFICE SO THAT THE PROCESS
• THAT IS A BRAND-NEW PROCESS AND THAT MAY TAKE TIME FOR BOTH BOSSES TO ABSORB THAT INFORMATION AND FOR
• TODAY TO MOVE THIS BILL OUT OF THE COMMITTEE AND TO ALLOW THE BILL TO MOVE THROUGH THE COMMITTEE PROCESS
• FIND THE DEFINITION AROUND GOVERNING BODY OF THE PROVIDER, PREFERRED CLAIMS AS MR.
• BEEN REQUIRING THEM FOR THESE WELL-ESTABLISHED PLACES SO STAKEHOLDERS REACHED OUT TO ME, A LOT TO PROCESS

Keywords: 999, senate, all

Transcript Highlights:

• about scarc scarcity or urgency claims about scarc scarcity or urgency um<00:03:52.959> and<00
• > they<00:09:17.519> can't Resellers also claim that they can't Resellers also claim that
• Uh, they'll claim, as said, that resale saves consumers money.
• Uh, they'll claim, as said, that resale saves consumers money.
• So um I I process work its way through.

Keywords: 1183, house

Transcript Highlights:

• It should be noted that, of these purchases, items totaling $7,600 were paid by county claim, and the
• and the average fuel cost for the review period, an estimated $2,157 in fuel expenses paid by county claim
• It should be noted that, of these purchases, items totaling $7,600 were paid by county claim, and the
• and the average fuel cost for the review period, an estimated $2,157 in fuel expenses paid by county claim
• Additionally, we tested 147 disbursements totaling $1.91 million and noted 124 exceptions regarding processing

Keywords: 1204, all

Transcript Highlights:

• finance Senate Bill 1232 by hand. cockrilling to certain health care transaction fees and payment claims
• Identifier on payment claim to Health and Human Services Senate Bill 1233 by Hancock relating to information
• Senate Bill 1239 by Middleton relating to choice of law and assignment or acquisition of claims and demands
• dissolution of public utility agency to local government Senate Bill 1244 by Schwartner, Arlington and claims
• Senate Bill 1266 by Alvarado relating to Medicaid provider enrollment and credentialing. processes to

Bills: SJR36, SJR3, SB616, SB565, SB384, SB5, SJR52, SJR53, SJR54, SJR55, SCR18, SCR19, SCR22, SB27, SB29, SB35, SB1151, SB1152, SB1153, SB1154, SB1155, SB1156, SB1157, SB1158, SB1159, SB1160, SB1161, SB1162, SB1163, SB1164, SB1165, SB1166, SB1167, SB1168, SB1169, SB1170, SB1171, SB1172, SB1173, SB1174, SB1175, SB1176, SB1177, SB1178, SB1179, SB1180, SB1181, SB1182, SB1183, SB1184, SB1185, SB1186, SB1187, SB1188, SB1189, SB1190, SB1191, SB1192, SB1193, SB1194, SB1195, SB1196, SB1197, SB1198, SB1199, SB1200, SB1201, SB1202, SB1203, SB1204, SB1205, SB1206, SB1207, SB1208, SB1209, SB1210, SB1211, SB1212, SB1213, SB1214, SB1215, SB1216, SB1217, SB1218, SB1219, SB1220, SB1221, SB1222, SB1223, SB1224, SB1225, SB1226, SB1227, SB1228, SB1229, SB1230, SB1231, SB1232, SB1233, SB1234, SB1235, SB1236, SB1237, SB1238, SB1239, SB1240, SB1241, SB1242, SB1243, SB1244, SB1245, SB1246, SB1247, SB1248, SB1249, SB1250, SB1251, SB1252, SB1253, SB1254, SB1255, SB1256, SB1257, SB1258, SB1259, SB1260, SB1261, SB1262, SB1263, SB1264, SB1265, SB1266, SB1267, SB1268, SB1269, SB1270, SB1271, SB1272, SB1273, SB1274, SB1275, SB1276, SB1277, SB1278, SB1279, SB1280, SB1281, SB1282, SB1283, SB1284, SB1285, SB1286, SB1287, SB1288, SB1289, SB1290, SB1291, SB1292, SB1293, SB1294, SB1295, SB1296, SB1297, SB1298, SB1299, SB1300, SB1301, SB1302, SB1303, SB1304, SB1305, SB1306, SB1307, SB1308, SB1309, SB1310, SB1311, SB1312, SB1313, SB1314, SB1315, SB1316, SB1317, SB1318, SB1319, SB1320, SB1321, SB1322, SB1323, SB1324, SB1325, SB1326, SB1327, SB1328, SB1329, SB1330, SB1331, SB1332, SB1333, SB1334, SB1335, SB1336, SB1337, SB1338, SB1339, SB1340, SB1341, SB1342, SB1343, SB1344, SB1345, SB1621, SJR57

Keywords: dementia, Alzheimer's disease, Parkinson's disease, research funding, state budget, prevention, healthcare, medical research, Dementia Prevention and Research Institute, aquifer, water management, Edwards Aquifer, sustainability, regulatory framework, SB 565, Texas Water Code, TCEQ, Texas Commission on Environmental Quality, compliance agreement, enforcement suspension

Transcript Highlights:

• I first got involved in the water plan process back in 1998, where the process was they would forecast
• Currently, in-person visits are required for the stages in this process.
• There have been no votes in the process.
• conducting investigations into water rights claims.
• Anybody from the audience that would like to stake their claim? No. Okay.

Summary: The committee heard several water- and environment-related bills. SB 72, by Senator Caballero, would modernize the California Water Plan and set long-term water supply targets, including an interim goal of 9 million acre-feet of additional water by 2040. Supporters from water districts, local governments, business groups, and agricultural interests argued the bill is needed to address climate-driven shortages, protect the economy, and improve planning for droughts, flooding, recharge, recycling, storage, and conveyance. Opponents, including environmental and conservation groups, argued the bill could overstate demand, increase costs, and make it harder to protect instream flows and ecosystems. The committee discussed the science behind the 9 million acre-feet target and the need to balance water supply planning with fish and ecological needs. SB 72 passed on a do-pass motion to Appropriations. SB 369, by Senator Padilla, would require a local skilled and trained workforce for all Salton Sea restoration work. The author and sponsors said the bill would protect workers exposed to hazardous conditions at the Salton Sea, create good local jobs in Imperial County, and ensure long-term workforce standards for publicly funded restoration projects. Support came from labor organizations, contractors, and other regional stakeholders; no opposition testified. Members emphasized the region’s high unemployment and the importance of workforce development. The bill passed on a do-pass motion to Labor and Employment. SB 697, by Senator Laird, would update the stream system adjudication process by allowing the State Water Board to use modern technology, such as stream gauges and digitized records, when investigating water rights claims, while still allowing field investigations when needed. The author said the process has not been updated since 1976 and should be streamlined. After amendments addressed stakeholder concerns, there was no opposition testimony. The committee asked whether the bill would affect pre-1914 water rights, and the author said it would not. SB 697 passed as amended to Judiciary. The committee also approved consent calendar items SB 599, SB 609, and SB 765 earlier in the hearing.

Transcript Highlights:

• It also assures that the process, right now, is not aligned.
• Essentially similar claims have already been litigated on the CEQA, and that has been cleared.
• And at the same time, the permit process is year one, two, two years.
• Alameda County has one of the most transparent budget processes in the state.
• And that has not been allowed to be vetted by the full transparent process.

Keywords: 987, senate, all

Transcript Highlights:

• Credit card processing fees in California total around $30 billion per year.
• But I have a technical witness here who can address those specific claims.
• For example, the claim is that 3% is the percent on interchange fees, and it's not.
• It is a service; it is a process that needs to take place somehow, some way.
• It is not a part of the payment processing system at all.

Summary: The Assembly Banking and Finance Committee heard several bills, beginning with AB 407, which would expand the California Pollution Control Financing Authority. The author said the measure would increase flexibility and access to resources, and the bill was approved 7-0 and sent to the Committee on Local Government. The committee also adopted the consent calendar, which included AB 76, by a 7-0 vote. A lengthy portion of the meeting focused on AB 1065, which would prohibit swipe fees on the sales tax portion of credit card transactions. Supporters, including small business owners, restaurant and grocery representatives, and a payments-policy expert, argued the bill would reduce costs for merchants and consumers and rein in dominant card networks. Opponents, including banks, credit unions, and payment industry groups, argued the bill is likely preempted by federal law, would be difficult to implement, and could disproportionately affect community banks and credit unions. After extensive questioning about preemption, fraud, implementation, and consumer impacts, the committee rejected the bill on a 6-0 vote, but then granted reconsideration by a 7-1 vote. The committee then heard AB 1365, which would create the Cal Account Program, a zero-fee, zero-penalty state banking account for unbanked and underbanked Californians. Supporters said the program would help low-income households, survivors of abuse, and others facing barriers to traditional banking, while opponents from community banks and credit unions argued existing low-cost accounts and the Bank On program already address the need and raised concerns about cost, feasibility, and duplication. The bill advanced on a 6-0 vote and later received enough votes on the reopened roll to move forward to the Committee on Labor and Employment. The committee also approved AB 1052, which would create a legal framework for digital assets and address unclaimed digital property and restrictions on public officials issuing or promoting digital assets, and AB 1180, which would create a pilot program for paying state fees with digital financial assets and require a report on broader adoption. Both bills passed with broad support after brief testimony and discussion. Final roll calls later confirmed AB 1052 and AB 1180, along with AB 407 and AB 1365, were moved out of committee.