Transcript Highlights:

• In a fairly short period of time, Regional Farm to Food Bank has proven to be a strong and effective
• Regional Farm to Food Bank demonstrated that when food banks partner directly with New Mexico livestock
• Regional Farm to Food Bank created an additional viable market for ranchers while allowing food banks
• These are all items that are incredibly hard to get a hold of for food banks oftentimes.
• So we look forward to your support of the Regional Farm to Food Bank program. Thank you.

Committee: House House Agriculture, Acequias And Water Resources

Transcript Highlights:

• Chris Richards, Chief Banking Services Officer at Cape Cod Five Savings Bank and Hyannis.
• Chris Richards, Chief Banking Services Officer at Cape Cod Five-Sense Savings Bank and Hyannis.
• When banks were more local, when banks were part of our community, and the issuing banks were part of
• Processing bank. With the bank. Okay.
• federal banks.

Summary: The commission met for its second hearing to study the future of credit card payments and sales transactions and their impacts on small businesses. Members heard extensive testimony from credit unions, retailers, restaurants, and payment-industry representatives on interchange fees, processing fees, fraud, chargebacks, rewards programs, and the ability of businesses to pass fees on to customers. Several witnesses argued that swipe fees have risen sharply, are especially burdensome for restaurants and other small businesses, and are charged on taxes and tips that are merely pass-through amounts. They urged state action to prohibit fees on tax and tip portions, improve transparency, and allow surcharging or convenience fees, while opponents warned that state regulation could reduce fraud protections, increase compliance costs, and threaten consumer rewards programs. Business owners and trade groups described thin margins, rising costs, and the difficulty of understanding merchant statements or negotiating with processors. Restaurant witnesses said card-not-present and online transactions create the greatest fraud and chargeback risk, with money often removed immediately from merchants’ accounts and disputes rarely resolved in their favor. Retail witnesses gave examples of rising effective rates, higher fees on rewards cards, and the burden of processing fees on low-value transactions. A representative from the Massachusetts Restaurant Association and others said restaurants are effectively paying fees on meals tax and gratuities, which they argued should not be subject to interchange charges. On the other side, the Cooperative Credit Union Association said interchange revenue helps credit unions fund fraud prevention, rapid card replacement, and member protections, and warned that state limits on interchange could weaken those safeguards and lead to higher consumer costs or reduced services. Airlines for America testified that airline credit card rewards are popular, support travel and jobs in Massachusetts, and could be harmed by interchange reform. The National Restaurant Association and a payments-policy attorney countered that interchange fees are set by card networks rather than competitive markets, that banks remain highly profitable even with rewards, and that states can act after recent court decisions. No votes were taken; the hearing consisted of testimony and questions from commissioners.

Transcript Highlights:

• Mary's Bank, founded in 1909.
• example, the larger the bank banks, for example, the larger the bank or<00:08:43.760><c> if</c><00:08
• other banks.
• She's the bank. A bank overseas the bank. Okay. She's not a bank. She's not a bank.
• regulator the banker's bank. So my regulator the banker's bank.

Summary: The committee held a public hearing on Senate Bill 25, which would allow New Hampshire state-chartered credit unions to choose, by member vote, to compensate their board members. Prime sponsor Senator Dan Innis said the bill is enabling only, does not require compensation, and is intended to align New Hampshire with other states that already permit this. He argued that credit union board service now requires more time and expertise, and that compensation could help attract stronger candidates and improve governance. Representatives from the Cooperative Credit Union Association and St. Mary’s Bank testified in support. They said the change would not create salaries, but could cover modest compensation or reimbursements such as daycare, education, cybersecurity, or accounting training. They emphasized that credit unions remain nonprofit and member-driven, that board members must be credit union members and elected by members, and that any compensation decision would be made by the membership at an annual meeting or through the credit union’s voting process. Witnesses also said the bill would help with recruitment and retention, especially as credit union operations have become more complex and digital, and noted that similar authority exists in 16 other states, including Rhode Island. Committee members asked about the historical reason credit unions were excluded, the amount and structure of compensation, whether there would be a cap, and how voting would work. Witnesses said the bill does not set a statutory maximum, but in practice the amount would be disclosed to members and set through the vote; they also described St. Mary’s Bank’s ballot process and said proxy or ballot procedures depend on each credit union’s bylaws. One witness noted that federally chartered credit unions are subject to different limits. After testimony and questions, the chair closed the public hearing on Senate Bill 25 and then moved on to Senate Bill 26.

Transcript Highlights:

• This is the Fair Banking Act.
• I'm not aware of any of our state banks that are having trouble.
• , and not so much the more local banks.
• state banks that have a large presence and do a lot of business.
• Okay, so this doesn't affect their own individual relationships with banks, Bank of America, for instance

Bills: HB1245 , HB2588 , HB3024 , HB3172 , HB3279 , HB3919 , HB3306 , HB3383 , HB3431 , HB3435 , HB4352 , HB3883 , HB3942 , HB4193 , HB4203 , HB4303 , HB4311 , HB4484

Committee: House Government Oversight

Summary: The Government Oversight Committee met with a quorum and heard a series of bills, beginning with HB 3942, which tightens the state’s incentive evaluation process; it passed 11-0. HB 4203, allowing the Oklahoma Uniform Building Code Commission to explore guidelines for small multifamily housing of eight units or fewer and four stories or less, passed 10-1. HB 2588, which requires HOA board members to own and live in the HOA, passed 12-0, and HB 3024, limiting large agency pay raises/stipends to 10% unless reported through OMES, passed 12-0. HB 3383, limiting state employees to 14-hour shifts in a 24-hour period with emergency exceptions, passed 10-2, and HB 3279, a cleanup bill related to last year’s government corruption legislation, passed 12-0. The committee also advanced HB 3919, reducing county fair board size from nine to five members at county option to address quorum problems, and HB 3883, which imposes utility-system inspection, notice, and backflow-preventer-related requirements on governing bodies in exchange for reducing litigation exposure; both passed 12-0. HB 4193, as amended, would restrict state contracts and taxpayer funds from going to foreign adversaries or related entities, with exceptions and purchasing-director discretion; it passed 9-3. HB 3431 expanded foreign-adversary property restrictions to critical rare earth minerals and passed 13-0. HB 3435, a municipal bond single-subject bill, passed 12-0, and HB 4352, a Uniform Law Commission mortgage refinance update, passed 13-0. Later, HB 4484, allowing Corporation Commission employees to take state vehicles home for travel purposes under existing-style oversight, passed 13-0. Committee members then presented HB 1245, moving certain DHS Inspector General law enforcement officers into hazardous pay retirement coverage; it passed 13-0. HB 3172, the Fair Banking Act, would limit adverse banking actions against lawful economic activity at large banks and create a complaint/reason-request process; after extensive questions about thresholds, exceptions, and constitutional issues, it passed 11-3. HB 3306, increasing transparency requirements for campaign statement-of-organization reporting with a $400 threshold and a delayed effective date, passed 14-0. The committee laid over HB 4303 and HB 4311 until the next meeting and adjourned.

Transcript Highlights:

• So those are fees; that's income earned to a bank, and the bank pays income taxes on its earnings, so
• I look at my banking.
• I look at my banking.
• I look at my banking.
• Trust</c><01:09:45.679><c> Services</c> Bank bank service charges Trust Services Bank bank service charges

Committee: House Taxes

Transcript Highlights:

• brokerages to frankly rebuild bank-owned insurance.
• brokerages to frankly rebuild bank-owned insurance. ...brokerages, one of a major regional bank, and
• It's not required, particularly if people take loans and banks.
• It's not required, particularly if people take loans and banks.
• And the bank has a substantial financial issue.

Committee: House Consumer Protection & Business

Summary: The committee held a work session on earthquake insurance and later on Washington State Institute for Public Policy (WSIPP) cannabis and I-502 research. The Office of the Insurance Commissioner explained that earthquake coverage is usually excluded from standard property policies, is expensive, and often carries very high deductibles. Staff also described admitted versus surplus line insurers, and introduced parametric insurance and captive insurance as specialized risk-transfer tools mainly used by commercial and sophisticated buyers. OIC data showed about 226,000 admitted earthquake policies in 2023, with most personal policies concentrated in the Puget Sound and Vancouver areas and commercial endorsements more broadly distributed. A second panel, including insurance and banking representatives, focused on potential catastrophic earthquake exposure for commercial buildings and collateralized loans. They argued that many commercial properties may lack earthquake coverage, leaving banks and the broader economy exposed if owners default or surrender damaged properties after a major quake. They discussed the Nisqually earthquake, the Cascadia subduction zone, building age, soil and slope conditions, retrofit standards, pollution remediation, and the need for property resilience assessments and inventories of vulnerable buildings. Members asked about consumer impacts, affordability, education, and whether legislation like prior work on unreinforced masonry buildings could help reduce risk; the Washington Bankers Association said earthquake insurance is costly and that affordability is a major concern. Committee members also discussed inventories and risk assessment efforts, including state geologist work on school buildings and whether similar approaches could be extended to nearby private structures. The presenters said banks likely have good inventories of their collateral but may not know which properties are most vulnerable to earthquake damage. The discussion ended with a request for follow-up information on consumer education and disaster planning resources. WSIPP then presented its long-running evaluation of Initiative 502 and cannabis legalization. Staff explained WSIPP’s nonpartisan role and its legislatively directed 20-year study, with final benefit-cost work due in 2032. The presentation summarized prior findings that cannabis misdemeanor convictions dropped sharply after legalization, though racial disproportionalities persisted at lower absolute levels. WSIPP also reported that shorter drive times to cannabis retailers were associated with higher reported adult cannabis use, more fatal traffic crashes involving local drivers, higher THC-positive rates among blood-tested crash drivers, and higher cannabis use disorder diagnoses and co-occurring substance use disorder diagnoses among Medicaid enrollees. For high school students, nearby retail access was associated with more reported use, more unexcused absences, and a lower likelihood of graduating on time. In the newest 2025 Medicaid study, WSIPP said retailer openings were associated with higher cannabis use disorder diagnoses, hospitalizations, inpatient treatment, and co-occurring mental health diagnoses, while emphasizing that the analyses show associations rather than direct causation and that results are specific to Medicaid enrollees.

Transcript Highlights:

• </c> power, which benefits our food bank power, which benefits our food bank partners<00:51:45.359><c
• So, the regional food bank grant helps food banks keep those essential items in stock.
• </c><01:02:39.680><c> So</c> they can take for the food banks. So they can take for the food banks.
• </c> bank grant program.
• Uh these food banks bank grant program.

Bills: HF2078 , HF777 , HF841 , HF1112 , HF1098 , HF1926

Committee: House Children and Families Finance and Policy

Transcript Highlights:

• The food bank is a nonprofit organization, and this bill will add the food bank to the list of other
• bank that can answer.
• Food Bank, and the Frio County Food Bank.
• Food Bank and the Frio County Food Bank, and you were here to testify for the bill.
• We... ...Food Bank and the Frio County Food Bank, and you were here to testify for the bill.

Bills: HB 1039 , HB2289 , HB2370 , HB2404 , HB3066 , HB3076 , HB3117 , HB3118 , HB3169 , HB3178 , HB3179 , HB3182 , HB3196 , HB3241 , HB3377 , HB3500 , HB3567 , HB3715 , HB3954 , HB4098 , HB4109 , HB4222 , HB4226 , HB4412 , HB4659 , HB4682 , HB4683 , HB4755 , HB4926 , HB5165 , HB5562 , HB5596

Committee: House Ways & Means

Summary: The committee heard a long series of bills, most of them expanding or adjusting hotel occupancy tax or qualified hotel project authority for specific local governments. Measures discussed included HB 2404 for Childress County; HB 3066 for Allen’s Kalahari resort project; HB 4682 for Plano; HB 4683 for Anna; HB 3076 creating a project finance zone in Frisco; HB 3567 for Wichita County; HB 3715 for McAllen; HB 1039 for Alpine; HB 3182 for Burleson; HB 4926 for Grimes County; HB 4222 for Victoria County; HB 3377 for Katy; HB 4659 for Addison; HB 3241 for Georgetown; HB 4098 for Taylor; HB 3178 for Kerr County; HB 3179 for Mason County; HB 2289 for New Braunfels; HB 4412 for Kermit; HB 5165 for Monahans; HB 3500 for Bastrop; and HB 3169 for Carrollton. In each case, authors and local officials described tourism, convention, hotel, airport, or mixed-use development needs and argued the bills would help attract visitors, investment, and jobs. One non-hotel-tax bill, HB 4226, would exempt Texas food banks from sales tax on vehicle purchases and rentals, with testimony emphasizing the scale of food bank operations and the savings’ impact on meal delivery and disaster response. Testimony was generally supportive from city officials, economic development representatives, and industry groups such as the Texas Hotel and Lodging Association. Several witnesses described major private projects, including Kalahari in Allen, a proposed hotel and conference center in Addison, a mixed-use project in Georgetown, and a large development tied to Samsung growth in Taylor. For HB 4226, food bank representatives said the bill would help them purchase refrigerated trucks and other delivery vehicles, while an opponent questioned the fiscal note and the scope of the exemption. HB 4926 drew opposition from Camp Allen, whose representative argued a new county hotel tax would raise costs for guests and could hurt the retreat center’s operations. HB 3178 also drew an objection from a Kerr County resident who argued the tax would grow county government and pointed to event center losses, though the author said the revenue would support tourism-related county uses. The committee took no final votes on the bills in this transcript. After each bill was laid out and testimony concluded, the chair repeatedly asked whether there was objection to leaving the bill pending; in each instance, no objection was heard, and the bills were left pending. Several committee substitutes were offered and then withdrawn or noted as conforming drafts, but no bill was reported out or otherwise acted on beyond being left pending.

Transcript Highlights:

• Mary's Bank, founded in 1909.
• example, the larger the bank banks, for example, the larger the bank or<00:08:43.760><c> if</c><00:08
• banks.
• </c> where the bank is located. where the bank is located.
• She's the bank. A bank overseas the bank. Okay. She's not a bank. She's not a bank.

Summary: The committee first held a public hearing on Senate Bill 25, which would allow state-chartered credit unions to compensate board members if the membership approves it. Prime sponsor Senator Dan Innis said the bill is enabling only, intended to help credit unions recruit and retain qualified directors and align New Hampshire with other states that already allow such compensation. Credit union representatives from the Cooperative Credit Union Association and St. Mary’s Bank supported the bill, saying board service has become more complex because of cybersecurity, asset-liability management, and other regulatory demands, and that compensation could be modest and take forms such as meeting fees or educational reimbursement. In response to committee questions, they said compensation would be set by the membership, disclosed in advance, and subject to bylaws and internal policies; they also noted that board members must be credit union members and that voting procedures vary by institution, with some using mailed ballots rather than proxy voting. Members raised questions about why credit union boards were historically excluded, what kinds of compensation were contemplated, whether there would be a cap, and how voting and confidentiality would work. Testimony explained that the historical rationale was the nonprofit, volunteer mission of credit unions, but witnesses argued that the modern environment and competition for talent justify a change. They also said the bill would not mandate compensation and would not create a salary structure comparable to banks, but would allow members to approve modest compensation or reimbursements. After no further testimony, the chair closed the public hearing on Senate Bill 25. The committee then opened a public hearing on Senate Bill 26, sponsored by Senator Howard Pearl, concerning the definition of deposits in land sales and escrowed accounts. Pearl said the bill would clarify that buyer funds for upgrades and luxury items in new-home construction are not treated as refundable deposits that must be held in escrow, arguing that the current Attorney General interpretation raises builder costs, increases home prices, and can limit buyer choices. He said the proposal would allow those upgrade funds to be paid directly to builders for construction, with signed disclosures making clear that the buyer requested the items and bears the risk if financing falls through. The hearing on Senate Bill 26 had just begun when the transcript ended.

Transcript Highlights:

• The DOT will basically forward the requests on to the bank, and then the bank will administer the money
• The DOT will basically forward the requests on to the bank, and then the bank will administer the money
• And then we'll move on from the bank.
• Okay, that's just a bank buy-down.
• The bank determines, okay, in this, so that basically economic impacts, it gives the bank the buy-down

Committee: House Appropriations

Summary: The committee heard House Bill 2014, the budget for the Industrial Commission, with Representative Kempenich walking through the agency’s major components: the administrative office, Bank of North Dakota, housing finance, Department of Mineral Resources, and the State Mill and Elevator. He described mostly special-fund operations, including bond payments, economic development programs, the rail loan program, the Rebuilder’s Loan Program, housing incentive funding, abandoned well reclamation work, lignite research, litigation reserves, and a capacity purchase arrangement for a future natural gas pipeline. He also explained several one-time funding items, such as grid resiliency grants, housing-related transfers from the Strategic Investment Fund, and enhanced oil recovery funding repurposed from a prior salt cavern study. Members asked about the reduction in housing incentive funding from the Senate version, the use of one-time Strategic Investment Fund dollars for ongoing housing programs, and whether a trigger should be added to increase housing funding later. Kempenich said no trigger was discussed and emphasized that housing needs vary widely across the state. Another exchange focused on the enhanced oil recovery grant program, which he said would be driven largely by the Energy and Environmental Research Center and would use repurposed funds. A longer discussion covered the natural gas pipeline capacity purchase, including its purpose, possible routes, and the idea that the state would be buying capacity rather than immediately building a pipeline. The committee adopted Amendment 25.0181.0207 on a 21-1 vote, with one member absent and not voting. The committee then passed HB 2014 as amended on a 21-1 vote, with one member absent and not voting. Representative Kempenich was designated to carry the bill. The chair then noted this was the final budget hearing for the committee, with one bill remaining to be heard later.

Transcript Highlights:

• The Senate Committee on Banking and Financial Institutions will come to order.
• Community banks operate with limited compliance resources.
• They will call their bank.
• And having her repeat it to me and then repeat it to a bank and then that bank then repeat it to IC3.
• Sometimes they send the information to the banking institutions, but the banking institutions don't let

Summary: The committee heard AB 801, which would require the Department of Financial Protection and Innovation to conduct fair lending examinations of lenders on a regular schedule. The author and supporters, including the Greenlining Institute and several housing and consumer groups, argued the bill was needed because federal fair lending enforcement has weakened and California borrowers of color continue to face lending disparities. Banking and credit union representatives opposed the bill as duplicative and costly, though they acknowledged the author’s amendments and continued negotiations. The bill was approved on a vote and re-referred to Judiciary, with some members voting no or not voting at first and later the measure passing on a fuller roll call. The committee then heard AB 871, which would strengthen elder fraud protections by requiring financial institutions to report suspected financial abuse to the FBI’s Internet Crime Complaint Center and notify customers of the report. The author and county and adult protective services supporters said the bill would improve pattern detection and help stop or reverse scams more quickly. Bankers opposed the customer-notification requirement, warning it could alarm seniors and that the reporting process would add operational burden, but the author and supporters said victim information is important for investigations. The bill passed with committee support and was re-referred to Judiciary. AB 1842 and AB 1847, both related to mortgage forbearance after major disasters and the Eaton and Palisades fires, were also heard. AB 1842 would create a statewide framework for forbearance after federally declared major disasters, and AB 1847 would extend relief for wildfire survivors; both bills were amended to narrow triggers, clarify repayment and documentation issues, and remove some reporting requirements. Supporters included local officials, consumer groups, and housing advocates, while mortgage and banking groups remained in opposition on some implementation points but said they were working toward compromise. Both bills were approved and re-referred to Judiciary. Finally, AB 2116, dealing with merchant cash advances and small business financing transparency, was heard with broad support from small business and consumer advocates and partial support from some industry representatives after amendments; opponents still raised concerns about disclosure authority and unconscionability standards. The bill was also approved and sent to Judiciary. The committee additionally adopted a consent calendar of unrelated bills.

Transcript Highlights:

• The bank is charging points.” “Fee. There’s like a bank would charge points.
• Banks have fraud officers, security officers.
• Is there anything in here that's trying to create a state-funded bank...
• , we also are dealing with something that is either FDIC insured for banks...”
• Over time, we are not banks.

Committee: House Commerce, Consumer Protection, and International Affairs

Summary: The House Committee on Commerce met on March 17, 2026, adopted its rules again because they had not been properly posted, and voluntarily deferred several bills before taking up the day’s agenda. The committee then moved through a series of commerce and financial services measures, with members repeatedly noting the bills had been worked on jointly by authors and stakeholders. HB 489, on transfer-on-death securities, was amended to make the transfer requirements mandatory and to remove a liability limitation for registering entities, then reported favorable. HB 545, which narrowed a consumer-loan bill to origination fees only, was amended and reported favorable. HB 555, expanding protections for eligible adults from financial exploitation, was amended with technical changes and an amendment from Rep. Boyd, then reported favorable after testimony from bankers and advocates describing scams targeting seniors and the need for delayed transactions, trusted contacts, and training. HB 797, creating the Bayou Gold Program, was amended to clarify electronic payment platforms and reported favorable after questions about state involvement, insurance, and consumer protections. HB 952, modernizing the consumer loan framework, was amended to a three-tier rate structure and to add ability-to-repay and disaster-relief provisions, then reported favorable. The committee also considered two economic development bills from Rep. Owen. HB 672 would encourage brick manufacturing in Louisiana; after an amendment changed LED’s role from directing a priority industry to allowing support through existing programs and guidance, the bill was reported favorable. Testimony emphasized Louisiana’s clay deposits, limited in-state brick production, and potential benefits for housing costs and jobs. HB 670, on wood pellet manufacturing, received a similar amendment limiting LED to support and guidance rather than mandates, and was also reported favorable. A consultant testified that a proposed North Louisiana pellet facility could generate significant payroll, local spending, and revenue from timber that is currently underused, while LED described the sector as part of the state’s agribusiness and energy strategy and discussed global demand, carbon footprint requirements, and the role of CCUS in attracting large projects. The discussion on HB 670 continued at the end of the transcript, with members probing how the industry works and how Louisiana could benefit from it.

Transcript Highlights:

• But banks didn't offer that.
• To increase access to low-cost bank accounts for Californians, community banks and credit unions are
• customers out of the existing bank and of banks and credit unions that are chartered here continues
• good access to banking.
• at a community bank, a credit union, any bank, right?

Summary: The committee heard several labor-related bills, with AB 1424, AB 1340, AB 288, and AB 746 all advancing on due-pass motions to Appropriations after testimony and roll calls. AB 1424 would require climate resiliency and extreme-heat protections in CDCR facilities; supporters described dangerous heat conditions for incarcerated workers and staff, while no opposition testified. AB 1340 would allow rideshare drivers to unionize and collectively bargain; drivers, labor groups, and researchers testified that app-based work is low-paid and unstable, while TechNet, Uber, Lyft, and other business groups argued the bill conflicts with Proposition 22 and could raise costs. AB 288 would let PERB step in when federal labor remedies are unavailable; supporters said it is needed because of NLRB dysfunction, while the Chamber of Commerce raised preemption and enforcement concerns. AB 746 would create an inmate cooperative program and a green reentry reserve; supporters framed it as a recidivism-reduction and reentry strategy, and there was no opposition testimony. The committee also heard AB 858, which would extend hotel and hospitality worker recall rights after declared emergencies and extend existing COVID-era protections. Hospitality workers and unions supported the bill as a way to protect jobs after pandemics, wildfires, and other disasters, while hotel, chamber, retail, restaurant, trucking, travel, and attractions groups opposed it, saying the current recall rules were meant to sunset and that the bill would create broad liabilities and hiring complications. The bill was moved to Appropriations but remained on call after the roll. AB 291, creating a credentialed educator apprenticeship program to address teacher shortages and improve diversity, drew support from education groups and stakeholders who said apprenticeships could lower preparation costs and provide better support; it was also moved to Appropriations and placed on call. Later, the committee took up AB 1104, a solar-energy bill intended to clarify that private solar customers are not “awarding bodies” and to ease certain business-to-business solar transactions while preserving prevailing wage and apprenticeship requirements for contractors. Supporters said the current interpretation has chilled commercial solar adoption and harmed jobs, while opponents from electrical workers, PG&E, and others warned about expanded “over-the-fence” power sales and the need for clearer limits. Members questioned the lack of a definition of “small,” and the bill was held without a second. The committee also heard AB 338, which seeks $50 million for Los Angeles and Ventura wildfire workforce recovery; the author and county officials described major job loss and business destruction and said the funds would support displaced workers and rebuilding, with the testimony continuing beyond the excerpt provided.

Transcript Highlights:

• This is something that we discuss a lot among the food banks.
• You've probably heard recently that food banks have been saying, you know, food banks can't replace SNAP
• When that happens, we see an increase at the food bank level.
• to be, food banks are income and economy neutral.
• Okay, so this is where people can go to shop for a food bank.

Committee: House Legislative Health & Human Services Committee

Transcript Highlights:

• The Senate Committee on Banking and Financial Institutions will come to order.
• They will call their bank. They will be frustrated.
• That's the other piece of the information that the bank may not have.
• Having her repeat it to me and then repeat it to a bank, and then that bank then repeat it to IC3, I
• Sometimes they send the information to the banking institutions, but the banking institutions don’t let

Committee: Senate Banking and Financial Institutions

Transcript Highlights:

• Association of the Nation represents nearly 400 banks, with our membership inclusive of banks from..
• The number one complaint of our banks across the state.
• Stuller Bank and the Texas.
• Banks, consumers, and law enforcement need the state to act.
• And they were able to go to the bank and cash it.

Bills: SB1281 , SB1300 , SB1379 , SB1451 , SB1497 , SB1498 , SB1499

Committee: Senate Criminal Justice

Transcript Highlights:

• Chris Richards, Chief Banking Services Officer at Cape Cod Five-Sense Savings Bank and Hyannis.
• When banks were more local, when banks were part of our community, and the issuing banks were part of
• Processing banks charge you.
• Processing bank. With the bank. Okay.
• federal banks.

Summary: The commission met to hear testimony on the future of credit card payments and swipe fees, with a focus on impacts to small businesses, especially restaurants and retailers. Members and witnesses discussed interchange fees, processing fees, chargebacks, fraud risk, rewards programs, and the growing use of card-not-present and digital wallet transactions. Several witnesses urged the commission to support legislation that would prohibit fees on the tax and tip portions of transactions and allow businesses to pass credit card fees on to customers if they choose, while others warned that state regulation of interchange could reduce fraud protections and harm consumer rewards programs. Small business owners and trade groups described rising costs and thin margins, saying card fees are now among their largest expenses and are often charged on money that is merely passing through the business, such as sales tax and gratuities. Restaurant representatives said the current system shifts fraud and chargeback losses onto merchants, with little ability to negotiate rates or recover disputed funds, and argued that transparency and fee relief would help keep independent businesses open. Retailers gave similar testimony, citing rising swipe fees, complex statements, and the burden of online and phone transactions. A representative from the airline industry opposed interchange reform, arguing that airline credit card rewards are popular with consumers and support travel and jobs in Massachusetts. Credit union representatives cautioned that state-level interchange limits could weaken fraud prevention and force higher rates or reduced services, while the National Restaurant Association and a payments-policy attorney countered that banks and networks already operate under fee caps in other contexts and that interchange rates are fixed rather than competitive. Commission members asked questions about how chargebacks work, how fees are broken down, whether businesses can negotiate with processors or POS providers, and how consumer behavior has shifted toward cards, online ordering, and delivery since the pandemic. No votes or formal actions were taken during the hearing.

Transcript Highlights:

• Banks are not operating these accounts. Banks are now operating these accounts at a loss.
• Due to banking regulations, banks must seek to recoup those losses.
• I'm CEO of Winter Park National Bank.
• Look at Signature Bank. Look at Silicon Valley Bank. Basically, they did the same thing.
• And the reason that they're typically banking in a community bank is because of their personal relationship

Committee: Senate Fiscal Policy

Summary: The Committee on Fiscal Policy met and considered a wide range of bills, including early learning and special needs funding (SB 1102), Israel bond investment authority (SB 1674), Parkinson’s disease research at USF (SB 1800), mental health and substance use disorder reforms (SB 1620), veterans nursing home beds (SB 788), securities regulation updates (SB 988), labor pool regulation (SB 1672), Alzheimer’s awareness (SB 398), educator preparation (SB 1590), student mental health reporting (SB 1310), specialty license plates (SB 824), financial institutions and IOTA-related issues (SB 1612), transportation facility designations (SB 1408), utility worker protections (SB 1386), DNA testing grants (SB 1072), the Council on the Social Status of Black Men and Boys (SB 364), housing support for former foster youth and homeless students (SB 584), sex offender registration changes (SB 1654), migrant vessel disposal (SB 830), commuter rail indemnification (SB 916), juvenile justice revisions (SB 1344), aggravating factors in capital cases (SB 984), and a criminal offender substance abuse pilot program (SB 1140). Most bills were explained by sponsors, often with supportive testimony from affected agencies, advocacy groups, or industry representatives, and several were amended before final action. The committee adopted amendments on many measures, including clarifications and effective-date changes for SB 1102; technical changes to SB 1620 implementing mental health commission recommendations; a delete-all amendment for SB 1620; an amendment to SB 988; a consumer-disclosure amendment on SB 1612; and multiple amendments to SB 1408, SB 364, SB 584, SB 1654, and SB 1344. SB 1672 on the Labor Pool Act drew extensive public testimony in opposition from worker advocates, who argued repeal would weaken protections for temp workers and formerly incarcerated workers, and the bill was temporarily postponed to a later meeting without a vote. Several bills received notable testimony in support, including SB 584, where former foster youth described housing instability and the importance of campus housing and federal voucher coordination; SB 1386, which was backed by utility and industry groups seeking stronger penalties for assaults on utility workers; and SB 984, which drew opposition from the Florida Conference of Catholic Bishops over expansion of death penalty aggravators. The committee also heard support and opposition on SB 1612 regarding IOTA interest rates and legal aid funding, with bankers and civil legal aid representatives disputing the proper rate structure and whether the bill conflicted with Florida Bar rules. At the end of the meeting, the committee reported all voted-on bills favorably, including SB 1102, SB 1674, SB 1800, SB 1620, SB 788, SB 988, SB 398, SB 1590, SB 1310, SB 824, SB 1612, SB 1408, SB 1386, SB 1072, SB 364, SB 584, SB 1654, SB 830, SB 916, SB 1344, SB 984, and SB 1140. Members also requested to be recorded on various bills, and the committee adjourned after noting one remaining meeting would be lengthy.

Transcript Highlights:

• you know, I've had a bank that's worked with me and I've had a bank that would not return my phone calls
• But I think, I mean, this is already being done by banks. I've met with nearly all the banks.
• I went into my bank.
• I had a conversation with my bank about what they do.
• Yet our state banking framework has not kept up.

Committee: House Banking and Finance

Transcript Highlights:

• To your knowledge, does I-Bank have a good track record for their loans?
• In terms of I-Bank loans, one of the ways we measure them is by repayment and default rates.
• Do we see the benefit of I-Bank?
• And that's the way I work with the I-Bank.
• So that borrowers can look and say, generally, what's the I-Bank looking for?

Summary: The Senate Rules Committee met to consider several routine agenda items and a gubernatorial appointment. The committee first approved appointments not required to appear, including Gina Castro Rodriguez to the Board of State and Community Corrections, Richard Stein to the California Arts Council, and Nicholas Hardiman to the California Housing Finance Agency Board of Directors. Members also approved references to bills and committees, committee and subcommittee appointments, joint committee appointments, and floor acknowledgments. Two rule waiver requests by Senators Perez and Padilla to suspend SR 22.5 for additional bill introductions were discussed and ultimately approved on a divided vote. The committee then heard testimony from Andy Nakahata, nominated to serve as executive director of the California Infrastructure and Economic Development Bank (IBank). Nakahata described his background in finance and infrastructure lending and said he would focus on stewardship, expanding access to IBank programs, and supporting small businesses and infrastructure projects statewide. Senators questioned him about geographic equity in lending, outreach to underserved counties, creditworthiness standards, the Transportation Infrastructure Accelerator, and whether IBank could better reach municipalities and health care providers. Nakahata said IBank tracks lending by county, works through financial development corporations, municipal advisors, and other networks, and can adjust loan sizes or partner with other funding sources when projects are not fully creditworthy. Public witnesses spoke in support of Nakahata, citing his expertise and leadership in public finance. No opposition testimony was presented. The committee then voted unanimously to move Nakahata’s nomination to the full Senate for confirmation. Afterward, the committee re-ran the earlier votes for the record, confirming the appointments and other agenda items, and then adjourned the public portion of the meeting to enter executive session.