Transcript Highlights:

• I'm from California's Central Valley, where higher education is often a path to opportunity, but student
• I'm from California's Central Valley, where higher education is often a path to opportunity, but student

Summary: The Assembly Committee on Revenue and Taxation held its second regular hearing of the 2025-26 session and announced that, under reinstated suspense-file rules, every bill on the agenda would be referred to suspense rather than voted on immediately. The committee first heard AB 53, which would create a state income tax exemption of up to $20,000 for military retirees and certain survivor benefits. Supporters, including veterans’ groups, military retirees, and local officials, argued California is the only state taxing military retirement pay in full and that the exemption would help retain veterans and their families. Committee members voiced strong support, but the bill was sent to suspense. The committee then heard several wildfire-related tax relief bills. AB 429 would exempt certain wildfire settlement payments from gross income for victims of fires from 2020 through 2026; the author and a Greenville fire victim described the burden of taxing settlement funds, and rural county and forestry groups supported the measure. AB 97 proposed similar relief for Bobcat Fire settlement payments, and AB 389 would create a personal income tax credit for home-hardening expenses in high fire-risk areas, with Cal Fire and realtor representatives supporting the bill as a way to reduce future losses. Each of these measures drew no formal opposition in the hearing and was referred to suspense. AB 386 would create a tax credit for employers that help full-time employees repay student loans, up to $3,000 per employee per year. Supporters said it would help recruit and retain workers and reduce student debt burdens, while the California Tax Reform Association opposed the bill because it lacked allocation criteria and would reduce General Fund and education revenues. Committee members expressed interest but asked for clearer eligibility standards, and the bill was sent to suspense. AB 490 would allow a deduction for interest paid on qualified personal vehicle loans; the author framed it as relief for families dependent on cars, but opposition again came from the tax reform group, which argued the deduction would mainly benefit higher-income taxpayers. The bill also went to suspense. The committee also heard AB 547, which would create a tax credit of up to $5,000 for IVF and other fertility-treatment expenses. The author and a witness who described a long and costly IVF journey said the credit would help families afford treatment and support parenthood; members responded sympathetically and asked why the proposal was structured as a tax credit rather than a health coverage mandate. Finally, AB 330 would extend the prepaid mobile telephony services collection act through 2031, preserving an 80-cent surcharge that supports 911 and local government revenues; local government representatives and cities supported the extension, and it too was referred to suspense. The hearing ended with the committee adjourning after all measures were held for suspense-file consideration.

Transcript Highlights:

• BY OFFERING PROGRAMS AT A FRACTION OF THE COST OF PRIVATE INSTITUTIONS WE DEMONSTRATE THE CENTRAL ROLE
• HAVE THE PRIVILEGE OF SERVING AS EXECUTIVE DIRECTOR OF LAKE TECHNICAL COLLEGE, WHICH IS LOCATED IN CENTRAL

Keywords: 999, senate, all

Transcript Highlights:

• delivers long-term public safety benefits, and it avoids duplicative investments by creating a centralized
• Uh, Representative Anderson, I'm here on behalf of the city of Paynesville, which is in central Minnesota
• important infrastructure project for the city of Paynesville and for the broader rural economy in central
• /c><01:10:08.880> of agribusiness in the entire area of agribusiness in the entire area of Central
• Central Minnesota. Central Minnesota.

Bills: HF4156, HF3835, HF3995, HF4383, HF4091, HF4084, HF4311, HF198, HF4486, HF4302, HF4309, HF4032, HF3855, HF3673, HF4265, HF4012, HF4339, HF4298, HF3852

Keywords: infrastructure, wastewater, stormwater, Buhl, state bonds, appropriations, economic development, water infrastructure, grants, capital investment, funding, state regulation, Frazee, North River Drive, infrastructure improvements, HF4383, Minnesota capital investment, bonding bill, Department of Natural Resources, DNR

Transcript Highlights:

• information about the able-bodied adult work requirements on our DHS website because we're trying to centralize
• people to know is, if you have any questions, if you want information on what's going on, we've centralized
• So just looking at this week, we have distribution Wednesday at Central Union, Thursday at Kīhei Union
• :15:39.440> at<01:15:39.679> Khi<01:15:40.239> Union<01:15:41.280> um Central
• Union, Thursday at Khi Union um Central Union, Thursday at Khi Union um surfing<01:15:41.840> the

Keywords: 912, senate, all

Summary: The Senate Committee on Health and Human Services held an informational briefing on the federal shutdown’s impact on state benefits, with the main focus on SNAP. DHS Benefit, Employment and Support Services Division Administrator Scott Morish explained that SNAP serves about 86,229 households statewide, or 168,947 individuals, and averages roughly $58–60 million in monthly federal benefits. He said USDA directed states to suspend November SNAP benefits effective November 1 if the shutdown continues, while existing October balances on EBT cards remain usable and cash benefits such as TANF, General Assistance, and AABD are not affected. DHS said it has continued processing applications, recertifications, interviews, and required reporting, and has posted public guidance on its website. Morish also reviewed other SNAP-related changes taking effect November 1 under the One Big Beautiful Bill Act, including expanded able-bodied adult work requirements and tighter non-citizen eligibility rules. He said the work requirements now extend from ages 18–54 to 18–64 and apply to additional groups previously exempt, while only lawful permanent residents, COFA residents, and Cuban or Haitian entrants will remain eligible among non-citizens. He also noted Hawaii’s ongoing SNAP benefit reduction tied to a federal calculation error in the thrifty food plan, which has lowered benefits by about $8 per person per month for the past three years. On the state response, DHS said it is working with the Hawaii Food Bank and seeking $2 million in state funding to support it, and is also developing a Hawaii Relief Program using TANF reserve funds. The program is intended as a short-term housing and utility assistance program for families with dependent children under 300% of the federal poverty level, with up to four months of assistance. Senators questioned why rainy day funds were not being used and whether the state could directly fund EBT cards; DHS responded that the TANF approach was the fastest available option, that EBT delivery involves significant technical and administrative mechanics, and that the department is still in discussions with the vendor and other stakeholders about additional options.

Transcript Highlights:

• And second, it asks the LCO to centrally locate a list of employers with final judgments against them
• She’s an elderly, disabled homeowner in the Central Valley surviving solely on Social Security benefits
• Outside of my legislative job, I do water testing for a lot of people in the Central Valley.
• We'd be honored if you added me as a co-author of this, and I appreciate what you do for the Central
• A central piece of our strategy here is to build a new medical campus in Emeryville.

Summary: The committee heard testimony on several bills, beginning with SB 41 by Senator Wiener, which would regulate pharmacy benefit managers by increasing transparency, banning patient steering and spread pricing, and requiring full pass-through of rebates. Supporters, including independent pharmacists and health advocates, said PBM practices are driving up drug costs and closing neighborhood pharmacies. Opponents from PBM and health plan groups argued the bill overlaps with recently enacted licensing and reporting requirements, would not lower consumer prices, and may be preempted by ERISA. Members discussed confidentiality issues, consumer savings, and the relationship between SB 41 and the new budget trailer bill; the author asked for an aye vote. The committee then took up SB 378, also by Senator Wiener, aimed at online marketplaces that advertise illegal intoxicating hemp and unlicensed cannabis products. Supporters from labor, public health, and the licensed cannabis industry said online sales are undermining regulated businesses and exposing children to unsafe products. Opponents from tech and hemp industry groups warned the bill is overbroad, could sweep in general-purpose platforms and lawful hemp wellness products, and raises Dormant Commerce Clause and First Amendment concerns. The author said he would narrow the bill, remove industrial hemp references, and address strict liability and standing issues; members largely focused on how to target illegal products without capturing lawful marketplaces. SB 243 by Senator Padilla addressed AI companion chatbots, with supporters including Common Sense Media and transparency advocates warning that these systems can be addictive, manipulative, and dangerous for minors and vulnerable users, citing studies and the death of a Florida teenager. The bill would require disclosures, anti-addiction design limits, self-harm protocols, audits, reporting, and a private right of action. Tech and business groups opposed the measure as overly broad and said its definitions could sweep in general-purpose AI tools; several members supported the goal but questioned the breadth of the definitions and the private right of action. Finally, SB 522 by Senator Wahab would extend just-cause eviction protections to rental units that were previously covered by the Tenant Protection Act but were destroyed in disasters and later rebuilt. Supporters, including Los Angeles city officials and tenant advocates, said the bill would help keep displaced renters housed after wildfires and other disasters. Apartment and realtor groups opposed it, arguing it would remove a key exemption needed to finance rebuilding and could discourage post-disaster reconstruction. Members expressed support for tenant protections in disaster areas, and the author asked for an aye vote.

Transcript Highlights:

• But I think that now that we have one central idea or one central tool, then we can measure.
• But I think that now that we have one central idea or one central tool, then we can measure.
• I think when I was... idea or one central tool, then we can measure.
• I've spent the last 32 years as an early childhood educator working along the California Central Coast

Summary: The Assembly Education Committee heard AB 84, a charter school accountability measure focused on non-classroom-based charter schools and fraud prevention. The author and supporters said the bill was intended to respond to the A3 charter fraud case and related scandals by strengthening audits, transparency, authorizer oversight, and funding determination rules, while ensuring public education dollars are used for public education. Supporters included FCMAT, CSEA, CTA, and CSBA, who argued the bill would improve oversight and protect taxpayers. Opponents, including the California Charter Schools Association, Green Dot, many charter parents, educators, and charter operators, said the bill was too broad, would impose major new costs and bureaucracy on all charter schools, and could reduce options for families, especially those using flexible, homeschool, or special-needs charter programs. After extensive testimony and committee discussion, the bill passed on a 5-1 vote and was sent to Appropriations, with the item left open for additional votes. The committee then approved a consent calendar of 11 education bills, including AB 542, AB 563, AB 731, AB 753, AB 784, AB 964, AB 988, AB 1034, AB 1233, AB 1255, and AB 1381, all moving to Appropriations. The consent calendar passed unanimously. Later, the committee heard AB 1454, a literacy and reading instruction bill authored by Assembly Members Rubio and Revis. The bill would require the state to create professional development resources for evidence-based literacy instruction, update English language arts and English language development instructional materials, and revise administrator preparation standards to include literacy training. The authors and a broad coalition of supporters, including CTA, EdVoice, Families in Schools, Decoding Dyslexia, school administrators, and parent advocates, described the measure as a compromise aimed at improving reading outcomes and addressing California’s literacy crisis. There was no opposition testimony at the hearing, and members voiced strong support for the bill and its collaborative approach.

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• issued an executive order to integrate the Department of Commerce fraud bureau agents into the centralized
• Commerce fraud Bureau agents<00:05:10.800> into<00:05:11.039> the<00:05:11.160> centralized
• <00:05:11.880> Financial agents into the centralized Financial agents into the centralized
• So perhaps the testers be able to comment about, you know, the move to the BCA, the centralized investigation
• Now, I can’t speak to a centralized place where that’s going to be posted, but what we are trying to

Bills: HF1470, HF1310, HF1837

Keywords: opioids, substance use, addiction recovery, mental health, state cabinet, HF1310, Office of Cannabis Management, cannabis, marijuana, tribal consultation, government-to-government relationship, Minnesota tribes, Tribal governments, state government, consultation, rulemaking, Indian affairs, cannabis regulation, tribal sovereignty, state-tribal relations

Transcript Highlights:

• Central Intelligence Agency, during the secret war in Laos.
• November of 2021 was a central COC. June 2022 was St. Louis County COC. October 2024 was Hennepin.
• That event up on the screen is the central COC held in St. Cloud back in November of 2021.
• That event up on the screen<00:31:31.360> is<00:31:31.760> the<00:31:32.559> central
• screen is the central COC held in St. screen is the central COC held in St.

Keywords: 1187, senate, all

Transcript Highlights:

• Robach, the lead environmental specialist with Centra Sota Co-op, a farm input supplier based in central
• Robach, the lead environmental specialist with Centra Sota Co-op, a farm input supplier based in central
• Redland said that he is relying first on a central aspect of his answer: they do not have a definition
• 56:40.480> my<00:56:40.680> been<00:56:40.839> able<00:56:41.039> to a central
• aspect of my been able to a central aspect of my been able to answer<00:56:41.400> that<00:56

Bills: HF363, HF2155, HF1524, HF821, HF1677, HF1292

Keywords: HF363, property tax credit, agricultural water quality credit, Minnesota agricultural water quality certification program, clean water fund, class 2a, class 2b, certified acres, conservation incentive, water quality, agricultural property, county assessor, county auditor, Department of Revenue, Department of Agriculture, property tax reimbursement, school district reimbursement, legacy finance, taxes committee, southeastern Minnesota

Transcript Highlights:

• was established in 1997, and in our work we began to work with a lot of veterans because we're in central
• was established in 1997, and in our work we began to work with a lot of veterans because we're in central
• was established in 1997, and in our work we began to work with a lot of veterans because we're in central
• <00:48:14.119> because<00:48:14.240> we're<00:48:14.359> in<00:48:14.480> central
• veterans because we're in central veterans because we're in central Minnesota<00:48:15.319> so

Keywords: 1183, house

Transcript Highlights:

• Attorney General data should be available for public review and consideration, and that coheres with the central
• Attorney General data should be available for public review and consideration, and that coheres with the central
• 55.600> the consideration and that coheres with the consideration and that coheres with the central
• 56.399> of<00:26:56.520> the<00:26:56.640> data<00:26:56.919> Practices central
• premise of the data Practices central premise of the data Practices Act<00:26:57.919> all<00:

Keywords: 1183, house

Transcript Highlights:

• At the Department of Health and Human Services, we have a centralized contracts unit, and our bureau
• Part of the reason that we've centralized that function, going back to the commissioner's point, is to
• Part of the reason that we've centralized that function, going back to the commissioner's point, is to
• Part of the reason that we've centralized that function, going back to the commissioner's point, is to
• One central metric example is the percentage of patients that have a primary care doctor, who see that

Keywords: 928, house, all

Summary: The committee convened an informational Division 3 Finance hearing focused on DHHS programmatic issues rather than budget line items. The chair emphasized that members should avoid questions requiring dollar figures and noted that the coming budget cycle would likely be difficult because revenues are expected to be tighter. Commissioner Lori Weaver said the department wanted to use the session to explain its functions at a high level, with more detailed presentations to follow, and to collect questions for later responses. Weaver outlined DHHS’s mission of supporting optimal health for state residents and described the department’s three main responsibilities: protection and prevention, client service delivery, and regulatory oversight. She said DHHS has eight divisions, a $3.6 billion total budget, about $1.217 billion in general funds, roughly a quarter of state positions, and personnel costs that are less than 11% of the budget. She also noted a recent hiring freeze, explained that the department did not request new positions except where required by law, and said vacancy rates had improved from 22% to 14% over the last two years but could rise again because of attrition and the hiring freeze. Weaver and CFO Nathan White then discussed why the DHHS budget is complex, explaining that it is built from multiple funding sources and is shaped by assumptions made months before the fiscal year begins, actual service demand, and cost allocation rules used to draw down federal funds. White highlighted maintenance-of-effort requirements, including TANF, where state spending is needed to secure federal matching funds and shortfalls can trigger penalties. At the committee’s request, DHHS agreed to provide a simplified historical accounting of TANF contributions to show how the match is assembled across positions, contracts, and other factors. The department also reviewed its roadmap, which Weaver described as a framework developed with staff and stakeholders around three themes: culture, community, and customer service. She highlighted priorities such as Mission Zero to end emergency department boarding, expanding access to community-based and residential behavioral health services, reducing reliance on institutional care, improving contract management with nonprofit and provider partners, using data dashboards to guide decisions, and investing in workforce stability and culture. No votes were taken; the main action was DHHS’s commitment to provide additional follow-up materials, including the TANF contribution breakdown.

Transcript Highlights:

• communication and inclusion, it's important to establish regular briefings and direct engagement from central
• What we did was we pulled all of the training sergeants out of the facilities and put them centrally
• By centralizing the T.S. to T.S.D., we then could put together a training strike package and send multiple
• By centralizing the ACOs to TSD, we then could put together a training strike package and send multiple
• So we believe, by centralizing the training staff, we will have a better outcome with respect to the

Keywords: 912, senate, all

Transcript Highlights:

• what the flip side is if we don't take the approach that Senator Rothfuss is saying, where we just centralize
• They have a centralized kitchen where they cook everything from scratch.
• but if I'm Carbon 2 and I have a school three different schools across that place, I can't have a central

Keywords: 916, all

Transcript Highlights:

• Another central protection of Prop. 103 is the requirement that all good drivers be given the company's
• The central question in this bill is how genetic testing should be treated in individual life and disability
• The central question in this bill is how genetic testing should be treated in individual life and disability

Keywords: 987, senate, all

Transcript Highlights:

• I have a synthetic geothermal place in the Central Valley that we've been working on since 2017 to get
• The Imperial Valley is very similar to the Central Valley.
• upstream supply chain intervention, technical assistance, regulatory coordination, and then where centralized

Keywords: 987, senate, all

Transcript Highlights:

• that very clear, the previous administration had relocated a lot of the DTA offices outside of the central
• We're a health equity coalition working to improve well-being for our residents in Central Mass., and
• care providers, and researchers who address root causes and inequities in health outcomes across Central

Keywords: 995, all

Summary: The House Committee on Children and Families held a hybrid hearing on a broad set of anti-hunger, family support, and basic-needs bills. Early testimony focused on SNAP and DTA operations: Rep. DeRosa and others urged passage of H. 196/S. 167 to require DTA to identify staffing, technology, funding, and operational needs to improve timeliness and customer service, warning that unanswered calls, delayed recertifications, and federal changes could sharply raise state costs through higher SNAP administrative burdens and payment-error penalties. Speakers from Massachusetts Law Reform Institute and Project Bread said DTA is under-resourced, caseloads have grown, and families are being denied or delayed due to phone and paperwork barriers. Another major SNAP-related bill, H. 254/S. 147, would require the Commonwealth to replace stolen EBT/SNAP benefits; testimony described more than $13 million stolen from about 27,000 households since June 2022 and argued families should not bear losses from organized theft rings. The committee also heard strong support for H. 207/S. 117, which would restore state-funded nutrition assistance for legally present immigrants excluded from federal SNAP under recent federal changes. Advocates from Project Bread, the Massachusetts Law Reform Institute, local immigrant services, and public health groups said the federal cuts would leave thousands of residents, including refugees, asylum seekers, trafficking survivors, and children, without food support, and argued Massachusetts has a history of filling this gap. Testimony also supported H. 222/S. 104 to make the Healthy Incentives Program permanent and year-round; supporters said HIP improves nutrition, boosts local farms and regional economies, and had already served more than 212,000 households in FY25. A related child-support bill, H. 201/S. 110, would increase the amount of child support passed through to TAFDC families and expand good-cause exemptions; witnesses said the change would put more money directly in families’ hands, reduce poverty, and better protect survivors of domestic violence and families with complicated co-parenting situations. A large portion of the hearing was devoted to deep-poverty and diaper-related legislation. Supporters of H. 214/S. 118 said cash assistance grants have lost value over time and should be raised annually until they reach half of the federal poverty level; advocates from Children’s HealthWatch, Hopewell, the Lift Our Kids Coalition, and parents described the links between deep poverty, poor child health, family stress, and child welfare involvement. They argued that higher grants would help families meet basic needs, reduce hospitalizations and neglect reports, and provide stability amid federal cuts. Finally, multiple witnesses backed diaper legislation, including H. 220/S. 151 and related bills, to create a diaper benefits pilot and/or diaper allowance commission. Testimony from the National Diaper Bank Network, MassCAP, Children’s HealthWatch, local diaper banks, and parents said diaper need is widespread, affects parental employment and mental health, and can cause health problems for infants; a federally funded pilot in Massachusetts was cited as showing improved employment, financial stability, reduced stress, and fewer diaper rashes. No votes or final actions were taken during the hearing; the committee heard testimony and asked questions throughout.

Transcript Highlights:

• By doing that, by centralizing that service at the Chancellor's Office, we help ensure that a CSU Maritime
• We also are piloting, for the first time, a centralized investigation service where we at the Chancellor's
• But as we look to investigations, as we look to improve them and to centralize more investigators, we'll

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:

• Because there is no central repository... ...for the same investment opportunity, because there is no
• central repository.
• and it is concerned, and I brought in our conversation, that concentration level, but also like a central

Summary: The committee met to approve prior minutes and receive updates on the Legacy Fund transparency website and fund performance. Staff reported the website procurement was in contract negotiations, with a planned go-live around November 1, and that the site would provide downloadable, more transparent information on fund holdings, allocations, history, and legislative appropriations while protecting confidential data. The investment office then reviewed performance through January 2026, describing strong returns relative to benchmarks, noting real estate and fixed income as weaker areas, and explaining that the fund’s diversification and internal management had helped offset market volatility, including recent geopolitical impacts. Members also discussed the in-state investment program, especially the Bank of North Dakota’s CD-match allocation. Several members questioned whether the program had been static for years and whether the uncommitted balance should remain parked there if it was not being used. The committee voted to pause further transfers into the program until the Bank provides a report and the committee can consider possible statutory changes; the motion also requested a cost-benefit analysis from RVK, and it passed by roll call vote. In the afternoon, RVK presented its review of the investment policy statement as it relates to the in-state investment program. The consultant said it found no major policy impediments, and that implementers and stakeholders generally felt the program was proceeding as intended. RVK emphasized best practices such as third-party due diligence, competitive risk-adjusted returns, diversification, pacing, and exit strategies, while cautioning that required lower-return investments or spending commitments can create pressure on the fund’s long-term real value. The consultant also raised ancillary concerns about state-level concentration risk, the need to distinguish between public and commercial infrastructure, and the lack of a central repository for all state funding commitments to the same projects.

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• I have six stores in central Mississippi. Um, so I can answer your questions.
• to give them less because I've got to hold it and it's very volatile right now. have six stores in central
• Mississippi. have six stores in central Mississippi.

Keywords: Business and Financial Institutions - Room 409, 2 February, 2026; 2:00 P.M., 925, all

Summary: The committee first took up Senate Bill 2725, which would shorten the required hold period for pawn brokers on precious metal coins and bullion from 21 days to 3 days, change fingerprinting renewal from annually to every three years to match FBI requirements, and make a technical address update. The sponsor and a Mississippi Pawn Brokers Association representative said the change was needed because gold and silver prices are volatile and pawn brokers are disadvantaged compared with jewelry stores. After questions about whether the bill affected pawn loans, the committee adopted a do pass motion and passed the committee substitute. Next, Senate Bill 2530 on perpetual care cemeteries would raise the trust-fund threshold from $50,000 to $75,000 and allow longer-term CDs so cemetery funds can earn more interest. Members discussed Secretary of State oversight, annual reporting, and the fact that only interest, not principal, may be used for cemetery care. The committee then moved the bill out with a title sufficient do pass recommendation. The committee also considered Senate Bill 2712, which would allow small lenders to charge up to a $10 fee for insurance in lieu of filing a UCC on certain collateralized loans. It was described as a way to reduce costs and follow guidance from the Department of Banking and Consumer Finance, and it was passed out on a do pass motion. Senate Bill 2714, a major unclaimed property bill, drew extended discussion about creating a legal process for abandoned safe deposit boxes: banks would inventory contents with a notary and two officers, notify owners and heirs, transfer contents to the Treasurer after notice periods, and allow the Treasurer to auction items while preserving proceeds for claimants. Members raised concerns about notice methods, privacy, wills and other documents, and whether first-class mail should be changed to registered mail; the committee adopted a conceptual amendment to use registered mail and added a reverse repealer, then passed the bill out. Finally, Senate Bill 2732 was introduced to combat identity theft by allowing a child’s credit to be frozen at birth through a form provided with the birth certificate. The sponsor said the bill is aimed at protecting minors from fraud and noted that credit freezes and unfreezes are free. The discussion was brief, and the bill was presented as a consumer protection measure for children.