Transcript Highlights:

• not only chaired Ways and Means, but had a lot of interaction with Jay Gonzalez when I was chair bonding
• Yeah, I know obviously there's some limitations, but that's some things that we can do legislatively
• There was not just a lot of talk, but some early action to limit federal research funds through NIH and
• We would say, you touch this, beyond this point, your bond rate is going down.
• Oh, because you're worried about bond rating. Because I don't think there's an objective line.

Committee: Senate Senate Committee on Intergovernmental Affairs

Keywords: 1212, all

Transcript Highlights:

• Well, but seedlings have a limited life.
• bond.
• with bond requirements.
• So I know the bond limits who can obtain grant funding, but I'm not an expert on that, so I've got Chief
• So I know the bond limits who can obtain grant funding, but I'm not an expert on that, so I've got cheap

Summary: The subcommittee heard an overview from the California Conservation Corps on its 50-year history, current operations, and budget proposals. Director J.P. Patton described the CCC’s work in conservation, disaster response, education, and workforce development, noting 26 facilities, about 3,000 Corps members annually, and a funding mix of roughly 55% General Fund and 45% reimbursements. Members praised the program and asked about revenue sources, recruitment, retention, and post-service tracking. The CCC said it has a 5,000-person waitlist, uses first-come, first-served admissions with minimal eligibility requirements, and is working to improve data on outcomes. The committee also discussed the Greenwood Residential Center, where the CCC seeks staffing and operating funds to reopen a rebuilt facility in El Dorado County; the LAO suggested considering fewer new members or a delayed opening to reduce General Fund pressure, but no vote was taken and the item was held open. The committee then considered a CCC wildfire readiness proposal to move hand crews to a seven-day operational schedule. CCC and Cal Fire representatives said the change is needed because wildfire is now year-round and because the current model leaves crews unavailable in many months due to staffing gaps. They said the proposal would improve reliability for Cal Fire, preserve training opportunities for Corps members, and better align the CCC with Cal Fire’s 66-hour workweek. The LAO supported the concept but recommended considering lower-cost alternatives, such as relief staffing or partial reimbursement. Members also discussed the decline in incarcerated fire crews, with Cal Fire explaining that reforms and eligibility changes have reduced the pool of incarcerated people who qualify for camp and fire work. One member raised the use of goats and grazing for fuel reduction, and staff responded that such methods can help with prevention but cannot replace hand crews for suppression. The item was held open. Cal Fire then presented its department overview, emphasizing its expanded workforce, year-round wildfire response, vegetation management, community preparedness, and partnerships with federal, local, tribal, and private entities. Members asked about contract counties such as Orange County, reforestation and seedling capacity, federal reimbursement, and the 66-hour workweek rollout. Cal Fire said it is still below the seedling capacity needed for post-fire reforestation and relies heavily on public-private partnerships. The committee also reviewed a proposal for permanent funding for defensible space inspections. Cal Fire said it needs 31 positions and ongoing General Fund support to replace temporary funding that expires in 2027 and to maintain a goal of 250,000 inspections per year. The LAO said the proposal has merit but suggested alternatives such as a different General Fund/GGRF mix, reinstating an SRA fee, or approving the positions on a one-time basis. Members generally supported the work but raised budget concerns, and the proposal was held open. Finally, Cal Fire began presenting a fixed-wing pilot and mechanics contract increase, explaining that its aviation fleet has grown and become more complex, requiring more pilots and maintainers for year-round operations. The department said labor market pressures have increased contractor costs and that the contract is needed to support continuous aerial firefighting readiness. The transcript cuts off before further discussion or any action on that item.

Transcript Highlights:

• We've not had a higher education bond in 20 years, Mr. Chair.
• We would generate $300 million to $600 million through our bond program.
• No, we have existing bond funding that is supporting facilities.
• It's all bond through smaller bonds that you do. Well, I think there are some.
• Can we, and I don't remember, To try and have this conversation about an actual bond.

Summary: The Assembly Budget Subcommittee on Education Finance held an oversight hearing on the California State University system covering enrollment, core operations, Title IX/civil rights, and basic needs. The Department of Finance said the Governor’s 2026-27 budget does not change CSU enrollment targets from the prior year and proposes a 5% ongoing General Fund increase for core operations as the final year of the compact. The Legislative Analyst’s Office recommended a lower resident undergraduate enrollment target than the Governor’s proposal, separate funding for enrollment growth rather than folding it into base, a smaller or no base increase tied more closely to inflation, earmarking some base funds for capital renewal, retiring deferred payments, and avoiding new multi-year compact commitments. CSU said enrollment has rebounded for three straight years, but growth is uneven across campuses, with several Northern California campuses still facing structural declines tied to demographics and community college pipelines. CSU described a multi-year reallocation plan shifting about 10,000 FTE and $89 million in ongoing funding toward higher-demand campuses, plus $40 million in one-time support, and said seven campuses submitted turnaround plans aimed at recovering enrollment over the next several years. The system highlighted strategies such as dual enrollment, guaranteed admission pathways with community colleges, outreach to high school students, retention and advising efforts, and new degree models for working adults and military-connected students. Members raised questions about how campus targets are set, whether the May Board of Trustees discussion will address a systemwide enrollment framework, and how CSU will manage future deficits if projected out-year funding does not materialize. On core operations and facilities, CSU said it faces about $320 million in mandatory cost increases in 2026-27 and is pursuing shared services, procurement consolidation, campus administrative sharing, and program redesigns to reduce costs. CSU and the LAO emphasized the system’s large deferred maintenance backlog, estimated at $8.6 billion, and discussed whether CSU’s bond/debt capacity is sufficient to address it; CSU requested up to $1.1 billion for deferred maintenance, while the administration did not propose new funding. The committee also heard CSU’s annual Title IX and civil rights update: CSU said it has implemented 15 of 16 State Auditor recommendations, has dedicated Title IX coordinators at every campus, is using a systemwide case management dashboard, and is piloting centralized investigations at five campuses. Finally, on basic needs, the Governor maintained current funding levels for food assistance/basic needs, rapid rehousing, and mental health. CSU reported heavy use of food pantries, CalFresh support, emergency housing, and counseling services, while warning that federal changes to CalFresh and related funding could make it harder to serve students in need.

Transcript Highlights:

• To, uh, limit editorial discussion.
• And limit the, the questions and answers that have already been asked and answered.
• So I will continue to limit, um.
• Uh, Madam Chair, Representative Keith, we are moving to an open aggregator model.
• And then, is there a time period limit on this program for for exploration?

Committee: House Legislative Health & Human Services Committee

Transcript Highlights:

• Yes, can you explain what a risk limiting audit is for the state of Texas?
• So we, when we are conducting a risk limiting audit, counties have to provide us information related
• So I fully support the limitations of election administrators because today as we sit here they have
• Does this bill limit it just to one child?
• Um Uh, we also put in the 16 year old limit.

Committee: House Elections

Transcript Highlights:

• And we are going to hear some more Governor bonding requests from state agencies, but you guys, we have
• twice now on bonding tours and have been twice now on bonding tours and have been uh<00:20:22.760><c>
• It's a very limited enrollment here, and there seems to be a growing demand.
• </c><00:36:21.520><c> enrollment</c> here it's it's a very limited enrollment here it's it's a very limited
• Appreciate your time, and we'll keep you posted as the bonding process moves along. Thank you.”

Keywords: 1183, house

Transcript Highlights:

• Let's move on to HB 275, HILA Recreational Cancer Center Bonds. Representative Taras.
• It allows NMFA to sell bonds that are backed by the existing tobacco tax.
• It goes in, and all it does is fund the bond. It goes in, and all it does is fund the bond.
• So, unless— Extend this time, the bond from 20 to 30 years.
• And up until recently, that has been sufficient to repay the bonds.

Committee: House House Taxation & Revenue

Keywords: 996, all

Transcript Highlights:

• facilities, and it may construct facilities of a rail fixed guideway system that exceed the height limits
• Typically, under tax increment financing, a local government issues bonds to finance public improvements
• The annual growth of all regular property tax levy revenue is limited by the levy growth limit.
• In addition to the revenue growth limit, levy capacity may increase by additional amounts.
• So local governments are being allowed to bond against future development and future property tax.

Bills: HB2313 , HB2451 , HB2298 , HB2566 , HB2517

Committee: House Local Government

Keywords: grocery stores, public ownership, food accessibility, community services, economic development, tax increment financing, local government, municipal finance, public infrastructure, property title protection, land record fraud, county auditors, voluntary program, real estate, procurement, contracting, transparency, financial oversight, municipal permitting, transit projects

Transcript Highlights:

• facilities, and it may construct facilities of a rail fixed guideway system that exceed the height limits
• Typically, under tax increment financing, a local government issues bonds to finance public improvements
• Typically, under tax increment financing, a local government issues bonds to finance public improvements
• The annual growth of all regular property tax levy revenue is limited by the levy growth limit.
• So local governments are being allowed to bond against future development and future property tax.

Summary: The committee first heard HB 2517, which would give regional transit authorities, especially Sound Transit, more flexible permitting tools for high-capacity transit projects. Staff and the bill sponsor said the goal is to let permit applications and technical reviews proceed concurrently with property acquisition and land use decisions, reducing delay and uncertainty for large transit projects. Sound Transit testified that the bill could save as much as nine months, while a city representative from Bothell asked for an amendment requiring notice to property owners before permits are advanced on land not yet owned or controlled by the agency. The committee then took testimony on HB 2313, concerning publicly owned grocery stores in underserved areas. The bill would let cities acquire land, build or rehabilitate stores, seek capital grants, and create tax increment financing areas for grocery access projects, with annual reporting requirements. Supporters, including the sponsor, Food Lifeline, and Northwest Harvest, argued that grocery closures and food deserts are real problems and that local governments need tools to fill gaps when private grocers leave. Opponents, including grocery industry groups and several students, warned that public stores could undercut private grocers, burden taxpayers, and create operational and property-rights concerns; some testimony also questioned the need for government ownership and the use of tax increment financing. A proposed substitute removed eminent domain and tax increment financing provisions and narrowed the bill to grant-funded stores in underserved areas. Next, the committee heard HB 2451, a major rewrite of local tax increment financing rules. The bill would tighten notice, consultation, reporting, and mitigation requirements for TIF areas, strengthen the “but-for” test, limit where increment areas can be located, and protect existing taxing districts by excluding certain levies and requiring negotiation, mediation, or arbitration when impacts are significant. Cities, ports, counties, libraries, fire chiefs, and hospital districts largely described the bill as a negotiated compromise that improves transparency and addresses unintended impacts, though some local governments said they still wanted more flexibility or protections for existing projects. One city testified against the bill, arguing the new restrictions would make TIF much less useful for large redevelopment efforts. The committee then heard HB 2298, which would authorize county auditors to create voluntary property title protection programs to help prevent land-record fraud by allowing owners to record a protection instrument that delays recording of a title transfer for up to five business days unless identity verification is provided. Auditors, treasurers, and county officials strongly supported the bill as a practical response to rising deed fraud, while title and foreclosure industry representatives said the proposal was too limited, could interfere with foreclosures or other transfers, and would only delay—not prevent—fraud. The final bill heard was HB 2566 on local government procurement, which would raise certain small-purchase and small-public-works thresholds for counties, remove some differences between larger and smaller counties, and give counties more options when no bids are received. County representatives supported the bill as a needed update to procurement rules and a way to reduce bureaucracy and keep pace with inflation.

Transcript Highlights:

• The state would then cover those losses above that limit.
• All that talk about our bond ratings means you think you're doing...
• We could have wildfire bonds, wildfire bonds...
• We could have wildfire bonds, second-home assessments, tax assessments.
• To limit utility liability, those recommendations would prevent recovery for victims, policyholders,

Summary: The hearing focused on the SB 254 Natural Catastrophe Resiliency Study and its recommendations for addressing California’s wildfire risk, utility liability, and the financing of catastrophic losses. Committee members and presenters discussed the history of the wildfire fund created after the 2018 fire crisis and PG&E bankruptcy, the role of the California Earthquake Authority as fund administrator, and the report’s three broad policy pathways: continuing mitigation investments, more equitably allocating catastrophe costs, and considering expanded state involvement in catastrophe financing. Presenters emphasized that the report was intended as a neutral, stakeholder-informed analysis rather than an advocacy document, and that the status quo is not working well for survivors, ratepayers, insurers, or utilities. CEA, CPUC, and the Office of Energy Infrastructure Safety each described their contributions and recommendations. CEA outlined options such as risk-tolerance standards for utilities, preserving safety certificate accountability, tying executive compensation more directly to safety, confidential near-miss reporting, liability reforms, and a fast-pay facility for survivors. CPUC stressed that wildfire mitigation and liability costs are a major driver of electricity affordability problems, and said the state should broaden how wildfire recovery and mitigation are funded beyond ratepayers alone. Energy Safety highlighted its wildfire mitigation plan oversight and recommended stronger safety reporting and stronger safety weighting in utility executive compensation. The modeling portion of the report estimated that a more durable wildfire fund could require about $36 billion in capitalization, with lower initial capital needs if risk transfer or liability reforms are used, but potentially higher ongoing premium or assessment costs. The report also examined state-backed insurer or backstop models, post-event funding mechanisms, and targeted community wildfire mitigation, which could reduce overall funding needs. Members raised concerns about the cost burden on ratepayers, the financial stability of utilities, the fairness of asking communities outside high-risk areas to pay, the role of local governments and home hardening, and whether broader climate-related liability or insurance reforms should be considered. No votes were taken; the hearing was informational and ended with plans for further committee hearings and stakeholder discussion.

Transcript Highlights:

• to a statutory limitation.
• The list of crimes defined as not being limited to statutory limitations.
• with my child, a trusted bond, because they were coming and disclosing it to me.
• with my child, a trusted bond because they were coming and disclosing it to me.
• Is there any limitation on their ability to seek these very high damages?

Committee: House Judiciary, Rules and Administration

Keywords: 989, all

Transcript Highlights:

• The exemption is limited to no greater than one acre in size and includes the building or buildings,
• The ERFC predicts the state property tax levy will remain below the $3.60 limit throughout the 2027-29
• granges where they are paying property taxes because it's a little bit bigger than the current limitation
• Current limitation. And so I'm happy to hear any questions. Thank you so much. Any questions?
• Do we now that we've guaranteed the bond payments and the capital project payments for the other schools

Bills: SB5994

Committee: House Finance

Keywords: timber tax, school funding, levy failure, tax distribution, education funding, 904, all

Transcript Highlights:

• bonding as I understand you have a bonding authority up to— Mr.
• Janelle: We don't have a statutory cap on bonding authority.
• </c> &gt;&gt; we don't have a statutory cap on bonding &gt;&gt; we don't have a statutory cap on bonding
• </c> bonding authority. bonding authority.
• I'm just curious about the $6 million obligation limit, which was set in 1999.

Keywords: 1189, house, all

Summary: The Capital Project Overview Committee met at 9:00 a.m. and first approved the September 29 minutes. The committee then considered University System of New Hampshire Capital Project 260001, a $70 million request involving two residence hall renovation projects at UNH. UNH officials said the work is needed to address aging 1970-era buildings, including heating, plumbing, and other deferred maintenance, and to improve student recruitment, retention, and living conditions. Members asked about the construction timeline, which was estimated at about four years, and about enrollment decline, which was estimated at roughly 15% over 10 years. The committee approved the project after discussion, with members noting the buildings’ age and need for repair. The committee next heard Capital Project 26003 from the Department of Natural and Cultural Resources for Cannon Mountain. Commissioner Sarah Stewart and staff described an $893,000 tranche, part of a larger effort to address deferred maintenance at the mountain, including guest facilities, lift infrastructure, a passenger ramp for scenic chairlift use, snowmaking improvements, a line replacement, a pump rebuild, and operations equipment. Members asked about the $6 million bonding limit established in 1999, and the department said it appears insufficient and may need updating in the future. The committee approved the Cannon Mountain request. The department also provided an informational update on the Cannon Mountain aerial tramway. Officials said a structural engineering firm is analyzing towers, terminals, and footings, with the goal of confirming the existing infrastructure can support a new tram system and refining bid specifications. They said the work is on track, with an updated cost estimate expected in January and a bid targeted for May. Members asked about the limited number of manufacturers capable of doing the work and whether the project could be delayed; the department said it is in active discussions with the likely bidders and pre-qualifying them. The meeting ended with brief discussion of informational reports, including a question about apparent delays in some New Hampshire Veterans Home projects, which staff said they would follow up on, and the committee adjourned with the next meeting set for March 16 at 9:00 a.m.

Transcript Highlights:

• consumer understanding and limited safeguards.
• consumer understanding and limited safeguards.
• It's not limiting their authority.
• </c><02:26:55.840><c> state</c> approach that protects our limited state approach that protects our limited
• You are acting on or voting on House Bill 59, bond election language process.

Keywords: 916, all

Transcript Highlights:

• First, it limits eligibility to condominiums three stories or higher.
• How does the bill define the responsibility and limits of these boards?
• areas limitation areas.
• It creates term limits of five years for the members of the commission.
• We'll get back to anchoring limitations in your amendment.

Summary: The Senate convened with a quorum, prayer, the Pledge of Allegiance, and several member introductions recognizing interns, guests, and advocates. The Rules Chair added CS for CS for SB 622 to the special order calendar, and SB 80 on state land management was temporarily postponed. The chamber then moved through a series of bills, often substituting House companions for Senate bills when the measures were identical or nearly identical. The Senate passed SB 200/HB 295 on a comprehensive waste reduction and recycling plan, requiring DEP to develop a recycling and waste diversion roadmap by 2026; SB 492 on land development and mitigation banking, after adopting amendments related to mitigation credit use and former phosphate mine lands; and SB 494/HB 255 on aggravated animal cruelty, which increases sentencing consequences and creates a searchable FDLE database of convicted animal abusers, with an amendment clarifying the database language. The Senate also passed SB 500/HB 711 establishing the Spectrum Alert for missing children with autism, SB 524/HB 1089 adding Duchenne muscular dystrophy to newborn screening, SB 592/HB 393 revising the My Safe Florida Condominium Pilot Program, SB 742/HB 1145 on workforce education, SB 936/HB 827 on a statewide study of automation and workforce impact, SB 964/HB 181 on parole guidelines, SB 976/HB 901 on court-appointed psychologists, SB 1084/HB 1451 on sexual cyber harassment, and SB 1156 on a home health aid program for medically fragile children. Most of these bills were adopted after brief sponsor explanations, questions, and in some cases amendments or House-substitute motions. Debate centered on several policy issues. Senators raised concerns about the constitutional and environmental implications of mitigation banking credits in SB 492, the scope and privacy implications of the animal abuse database in SB 494, the funding and eligibility details of the condo resilience program in SB 592, and the public-school/charter-school balance in SB 822, which drew extensive questioning about enrollment, governance, discipline, accountability, and data sharing before being placed on the third-reading calendar after amendments. The Spectrum Alert bill drew support from members who compared it to the Purple Alert and emphasized the risks faced by children with ASD. The medically fragile children home health aid bill also drew strong support, with senators describing it as a long-needed fix to help families provide in-home care without losing Medicaid coverage. Votes on the measures reported in the transcript were overwhelmingly favorable, with bills passing by margins such as 38-0, 35-3, 37-0, 36-0, and 35-0.

Transcript Highlights:

• The limitations failed to provide justice that such crimes.
• I had to go with my family to the courtroom to make sure they got an adequate bond.
• Therefore, was... ...offered a bond.
• There's no limits currently in the rules of evidence.
• It's a problem, but it's somewhat limited, but still important. I appreciate it. Thank you.

Bills: SB251 , SB608 , SB487 , SB535 , SB761 , SB955 , SB957 , SB958 , SB988 , SB990 , SB1019 , SB1021 , SB1120

Committee: Senate Criminal Justice

Keywords: criminal law, magistrates, Bell County, judicial authority, legal framework, evidence collection, sexual assault kits, reporting, law enforcement, transparency, confidentiality, victim protection, stalking, indecent assault, invasive visual recording, criminal justice, privacy rights, SB 535, Texas criminal procedure, rape shield

Transcript Highlights:

• There's parental bonding leave. leave. There's parental bonding leave.
• </c><00:05:54.160><c> leave</c> you might be aware, opened bonding leave you might be aware, opened bonding
• > leave</c><00:06:07.120><c> claim</c> aim to open bonding leave claim aim to open bonding leave claim
• </c> legislators didn't say here's the limit. legislators didn't say here's the limit.
• </c> the caregiver side with no upper limit the caregiver side with no upper limit and<01:41:42.080><

Committee: House Fraud Prevention and State Agency Oversight Policy

Keywords: 1183, house

Transcript Highlights:

• The Committee on Finance, having under consideration House Bill 2918, relating to a new bonding mechanism
• monies from other authorized sources, is insufficient to pay the debt service on general obligation bonds
• It limits the district’s authority to assume limited property value growth.
• It limits a district’s authority to assume limited property value growth rate to no more than 5 percent
• The part I’m curious about is that the district can issue new bonds if they need to cover the funds,

Summary: The Senate met in floor session, opened with prayer and the Pledge, and then moved through several Committee of the Whole calendars considering a range of House bills and one concurrent resolution. On the first calendar, members considered HB 2192 on employment/video content matters of public concern, HB 2592 on government information technology and AI-related rulemaking, HB 2752 on the Arizona Commerce Authority trade office, HB 2916 on traffic schools and fingerprint clearance, and HB 2946 on development fees. Amendments were adopted on HB 2192, HB 2592, HB 2916, and HB 2946; HB 2752 received a Mesnard amendment, but an Epstein amendment failed on division after a 7-14 vote. All of those bills were reported out do pass, with HB 2752 retained on the calendar after amendment consideration. The Committee of the Whole report was adopted. On later calendars, the Senate advanced HB 2918, HB 2999 on infrastructure finance districts/special taxing districts, HB 1418 on county officers/sheriff authority, HCR 259 supporting county sheriffs, HB 2035 on child welfare placement/reporting, HB 241 on child neglect, HB 2594 on court trust confidentiality, HB 2932 on groundwater transportation fees, HB 2109 on distracted driving penalties for motorcycles, HB 2118 on mobile food vendor licenses, HB 2244 on eviction satisfaction of judgment, HB 4011 on HOA duties, and HB 2440 on a transition program. Several bills were amended, including HB 2999, which drew discussion about tax rates, bond coverage, and infrastructure district financing; an Epstein objection focused on homeowner cost uncertainty, but the bill ultimately advanced. HB 2035, HB 2594, HB 2932, HB 2109, HB 2118, HB 2244, HB 4011, and HB 2440 all received do pass recommendations, with some technical or conforming amendments adopted along the way. The Senate also adopted a proclamation recognizing Embry-Riddle Aeronautical University on its centennial anniversary and welcomed university representatives and students in the gallery. The chamber granted the House’s request to return SB 1113 for further amendment and appointed free conference committees for HB 2133 and HB 2010. Final third-reading votes passed HB 2592, HB 2916, HB 2946, and HB 2999, with recorded roll-call results showing HB 2592 passed 16-9 with 11 not voting, HB 2916 passed 26-1 with 3 not voting, HB 2946 passed 27-0 with 3 not voting, and HB 2999 passed 21-6 with 3 not voting. The Senate then adjourned until the next day.

Transcript Highlights:

• I Oftentimes, it's the practice of school boards that they place votes on school bonds on other ballots
• Is it your opinion that school bonds should all go on the November ballot as well?
• But I think my point remains about school bond elections and the fact that those are on substantially
• everything being on a November ballot, I think that is a broader conversation that includes school bonds
• House Bill 4029 merely limits the appropriations given to the Oklahoma State Department of Health for

Bills: HB4028 , HB4029 , HB4059 , HB4063 , HB4073 , HB4074 , HB4075 , HB4076 , HB4077 , HB4078 , SB1130 , SB1131 , SB1132 , SB1133 , SB1134 , SB1142 , HB4028 , HB4029 , HB4059 , HB4063 , HB4073 , HB4074 , HB4075 , HB4076 , HB4077 , HB4078 , SB1130 , SB1131 , SB1132 , SB1133 , SB1134 , SB1142

Committee: House Joint Committee on Appropriations and Budget

Keywords: tax deduction, venture capital, economic development, Oklahoma, investment, ALS, funding, healthcare, State Department of Health, emergency declaration, public finance, state budget, financial regulations, monetary policy, referendum, constitutional amendments, special election, Oklahoma legislature, public voting, recovery fund

Transcript Highlights:

• The federal CRA has its limitations. It does not apply to many. Health outcomes.
• The federal CRA has its limitations.
• This bond bill will drive targeted investment.
• The Community Reinvestment Fund, this bond bill will drive targeted investments into small development
• This bill would require a licensee who is a lawsuit financier to maintain a surety bond.

Summary: The Assembly Banking and Finance Committee met to hear several bills, beginning with a consent calendar that included AB 665 and AB 866, both adopted on a do pass basis and referred to Appropriations. The committee then took up AB 801, which would create a California Community Reinvestment Act to require covered financial institutions, including state-chartered banks, credit unions, residential mortgage lenders, and money transmitters, to meet the financial needs of low- and moderate-income communities and communities of color. The author and supporters argued the bill would close gaps left by the federal CRA, address redlining and discriminatory lending, and expand investment in housing, small business, and community development. Support came from community groups, CDFIs, labor, and housing advocates, while opposition from mortgage bankers and credit unions argued the bill would impose costly new reporting and regulatory burdens, especially on institutions they said already serve underserved borrowers well. Committee members discussed the scope of the bill, the experience of other states with state CRA laws, and possible carve-outs or tiered treatment for smaller credit unions. AB 801 was passed as amended and referred to Appropriations, with the roll left open and later completed; one member voted no and others were not voting or voted aye as the roll was finalized. The committee also heard AB 743, which would require licensing and surety bonds for commercial lawsuit financing and bring those transactions under DFPI oversight. The author said the bill was aimed at a largely unregulated, multi-billion-dollar industry and was intended to increase transparency and address concerns about foreign interests, fraud, and abusive litigation funding practices, while not affecting consumer legal funding. Supporters, including Unified Patents, the Civil Justice Association of California, the California Chamber of Commerce, the California Trucking Association, and the American Property Casualty Insurance Association, said the bill was an important first step toward disclosure and regulation. There was no opposition testimony. AB 743 passed unanimously as amended and was referred to Appropriations, with the roll held open briefly for absent members before the committee adjourned.