Transcript Highlights:

• So we oftentimes note that that's a requirement and sometimes private is acceptable if the actual lending
• So we oftentimes note that that's a requirement and sometimes private is acceptable if the actual lending
• So in the event of a loss, the Lending institution allows it.
• But we've got a lot of existing relationships and partnerships and capacity that I think can lend support

Summary: The Consumer Protection and Business Committee held public hearings on three bills and then moved into a work session on insurance-related topics. House Bill 2428 would require life insurers to send advance written notice of an impending lapse or cancellation, including notice to a designated third party, and to provide proof of delivery; it would also require applicants to be told they may designate such a third party. The prime sponsor and the Office of the Insurance Commissioner supported the bill as a consumer protection measure for older or vulnerable policyholders, while the life insurance industry supported the concept but requested a delayed implementation date and a small technical amendment. The committee then heard House Bill 2399, which would prohibit post-loss assignments of benefits in property insurance. Staff and the prime sponsor described the practice as allowing contractors to step into the policyholder’s shoes and potentially take control of claims, litigation, and settlement, often to the consumer’s detriment. The Office of the Insurance Commissioner, the Washington State Association for Justice, PEMCO, and the National Insurance Crime Bureau all supported the bill, emphasizing consumer vulnerability after disasters and the risk of fraud or inflated claims. Members asked about steering by adjusters, alternative ways for homeowners to authorize others to help with claims, and the $50,000 per-violation penalty, which would go to the general fund. House Bill 2087 would enact a Washington Travel Insurance Act based on the NAIC model, creating a more detailed statutory framework for travel insurance licensing, travel retailers, travel administrators, disclosures, and prohibited sales practices. The sponsor and industry witnesses said the bill would expand consumer choice and standardize rules, while the Office of the Insurance Commissioner supported the compromise language but raised a remaining concern about claims being adjusted by unlicensed adjusters. The Attorney General’s Office testified that the bill should not be read to supersede Washington’s anti-discrimination and consumer protection laws, and the sponsor said amendments were being worked on to address that concern. In the work session, OIC and Department of Natural Resources staff presented the wildfire mitigation and resiliency work group report. They said the group reached consensus on several areas, including the importance of community-level mitigation, better data sharing, improved transparency around wildfire-related nonrenewals and cancellations, and a voluntary grant program to help homeowners retrofit to IBHS wildfire-prepared standards. Members asked about leadership for the recommendations, overlap with existing programs, privacy concerns in data sharing, and how the proposals would fit with broader statewide wildfire planning. The committee also received a briefing on flood insurance markets and claims after the December atmospheric flooding event, with staff noting that private flood policies generally offer broader coverage than the federal NFIP, and that Washington had seen about 700 federal claims and roughly $18 million paid out so far.

Transcript Highlights:

• So more lenders, it makes it easier for lenders to lend against modular projects.
• So more lenders, it makes it easier for lenders to lend against modular projects.
• Our barriers to scaling modular are, I think, the biggest is that construction lending doesn't fit modular
• It falls more like under asset-based lending, a pretty risky part of the business based on what your

Transcript Highlights:

• So, for more lenders, it makes it easier for lenders to lend against modular projects.
• So more lenders, it makes it easier for lenders to lend against modular projects.
• Our barriers to scaling modular are, I think, the biggest is that the construction lending doesn't fit
• It falls more like under asset-based lending, a pretty risky part of the business based on what your

Summary: The committee held its second hearing on housing construction innovation, focusing on factory-built and modular housing as a way to lower costs, speed delivery, and expand housing supply. The chair framed the effort as a search for practical innovation paired with land use, financing, and regulatory changes that could make housing more affordable for working families. Government witnesses from HCD, the Strategic Growth Council, and the tax credit and bond allocation agencies explained how factory-built housing is regulated, how California standards and third-party approvals work, and how state programs are trying to build regional demand and financing pipelines for modular production. Testimony from investors and developers emphasized both the promise and the risks of modular construction. JP Morgan Chase and the Housing Accelerator Fund described projects that achieved meaningful time and cost savings, but said lenders still see elevated risk because of manufacturer solvency, upfront deposits, transportation and installation issues, and the need for standardized designs and experienced teams. They urged more standardization, more local factories, better alignment between financing timelines and construction schedules, and state support such as backstops, top-loss capital, and scoring preferences in tax credit and bond programs. Several speakers noted that recent federal changes to the 4% tax credit program increased production capacity, but warned that without continued state investment the pipeline could face a future funding cliff. The workforce panel, including union contractors, factory supervisors, and labor representatives, said modular construction can support good jobs if it is paired with union labor, training, and fair standards. They described benefits for workers such as steadier schedules, less commuting, improved safety, and better work-life balance, while also stressing the need for wages, health coverage, retirement benefits, and apprenticeship opportunities. Union representatives supported a model that keeps both factory and on-site work unionized and said the industry could create more jobs overall if California builds more factories and develops a stable, long-term demand pipeline. No formal votes or actions were taken during the hearing.

Transcript Highlights:

• So, in my experience, I would hope that I would be able to lend to shed a little bit of light on how
• ><c> a</c><00:32:05.840><c> little</c><00:32:06.040><c> bit</c><00:32:06.160><c> of</c> be able to lend
• to shed a little bit of be able to lend to shed a little bit of light<00:32:06.600><c> on</c><00:32:
• </c><01:04:22.960><c> He</c><01:04:23.120><c> also</c><01:04:23.400><c> has</c> lends that expertise
• He also has lends that expertise freely.

Committee: Senate Economic Development and Tourism

Summary: The committee heard multiple governor’s messages for confirmation to the Agribusiness Development Corporation board and one appointment to the Aloha Stadium Authority. For GM 606, David Ige Hinazumi was supported by ADC and DBEDT, with testimony highlighting his private-sector experience, technology background, and ability to help with risk management and finances. He told senators he had attended board meetings since 2018, saw ADC as a state business arm for agriculture, and supported expanding land, facilities, and even aquaculture if resources allowed. Senators asked about ADC’s role relative to the Department of Agriculture, and he said the department’s strength is research/regulatory work while ADC should focus on business development, support, and facilities for farmers and aquaculture businesses. For GM 607, Jason Watts was strongly supported by ADC leadership, DBEDT, and many agricultural and community groups, with one opposing testimony from Hawaii Farm Bureau. Supporters praised his governance, accountability, transparency, and frequent communication with the agency. In questioning, Watts said ADC’s top priority should be increasing land holdings, and he discussed ADC’s role in water systems, including preserving agricultural water sources and inventorying systems statewide. He also said ADC could potentially help small farmers comply with environmental permitting through a broader, regional approach if authorized by the Legislature. The committee also heard from Joshua Uyehara for GM 682, who was supported by ADC, county officials, and farm groups. He said his priorities would be accelerating ADC projects, expanding capacity, and possibly using ADC as a center of expertise for water systems and for helping farmers with environmental requirements; he also said biofuel crops and food production can be complementary, though food should be prioritized when water is constrained. The committee then considered GM 513, Tracy Lester Smith’s appointment to the Aloha Stadium Authority. The stadium authority and DBEDT supported her, citing her experience in NASCAR, boxing, and Bellator MMA as useful for marketing, attracting events, and commercializing the stadium. Smith said she was eager to serve and would bring experience from both the landlord and tenant perspectives, helping the board think about venue operations, sponsorships, and event attraction. Senators asked about improving public perception and execution, and she emphasized accountability, timelines, and building a venue that can draw major sports and entertainment events. No votes or final actions were taken in the portion of the hearing provided.

Transcript Highlights:

• the DOGE committee, and what it does is it removes a part of code for the treasurer for securities lending
• the DOGE committee, and what it does is it removes a part of code for the treasurer for securities lending

Committee: House State Affairs

Transcript Highlights:

• Throughout his career, he was known for his selflessness, leadership, and willingness to always lend
• the extra mile for his brothers and sisters in the fire service, always willing to help mentor or lend
• P.J. was a friend who never hesitated to lend a hand.

Transcript Highlights:

• Not sure if Representative Keithley's bill includes all those ways, but one way is lending.
• Not sure if Representative Keithley's bill includes all those ways, but one way is lending.
• So when I mentioned the lending earlier, you're using your Bitcoin on hand as collateral in order to

Committees: House Commerce , House Commerce, Consumer Protection, Energy and the Environment

Transcript Highlights:

• It was the legislature's intent to stimulate the lending institutions that were community, defined as
• It was the legislature's intent to stimulate the lending institutions that were community, defined as
• Lending institutions that were community, defined as community banks.

Summary: House Finance held a bill briefing and executive session on a large set of tax and revenue measures, with staff outlining proposed substitutes and amendments for bills affecting grocery store incentives, insurance premium/B&O tax treatment, tobacco taxes, financial institutions, lodging taxes, fire district levy rules, local tax increment financing, limited equity cooperatives, tourism assessments, and sustainable aviation fuel credits. Members also heard brief summaries of bills on nonprofit assembly hall property tax exemptions and a city levy adjustment related to fire protection districts. Two bills scheduled for public hearing were not reached and may be rescheduled after House of Origin cutoff. In executive session, the committee adopted or rejected several amendments before voting bills out. HB 2297 on grocery stores in underserved communities advanced after the committee rejected an amendment to remove the property tax exemption; the bill was reported out 9-5-1. HB 2487 on insurance tax treatment advanced after the committee rejected an amendment to remove retroactivity and clarify annuity treatment; it was reported out 8-6-1. HB 2382, which raises cigarette and other tobacco taxes and changes tobacco tax structures, adopted amendments redirecting some revenue to health accounts, excluding nicotine-free vapor products, and restoring current-law treatment for modified-risk tobacco products before passing 8-6-1. HB 2451 on tax increment financing, HB 2590 on limited equity cooperatives, HB 2325 on a tourism self-supported assessment program with a tribal opt-in amendment, HB 2278 extending a lodging tax charge, HB 2224 adjusting levy rules for fire protection districts, and HB 2322 on sustainable aviation fuel tax credits all advanced, with some by voice vote. During debate, supporters generally framed the bills as targeted incentives or clarifications to support food access, wildfire mitigation, tourism promotion, housing affordability, or clean fuel investment, while opponents raised concerns about tax shifts, affordability, retroactivity, and whether dedicated revenues should instead come from the general fund. Several members noted that some measures still needed further work before floor action, especially HB 2487 and HB 2382. The committee adjourned after reporting the listed bills out with due pass recommendations.

Transcript Highlights:

• not only single-family Why Housing New Mexico has used taxable bonds for some of its single-family lending
• Banks, especially in terms of their lending, I think some of For example, the issue of privatization
• are a lot of issues I believe we holding, and Izzy may have to answer this: Are we using stronger lending

Committee: House Mortgage Finance Authority Act Oversight Committee

Transcript Highlights:

• And by that, I mean, do we have new money to lend?
• We are now starting to lend to land grants and some other smaller communities that don't have access
• So in the last couple of years, our lending staff, which we've been increasing in size, are the faces

Committee: House House Rural Development, Land Grants And Cultural Affairs

Transcript Highlights:

• which deals with the previous investments by the Treasurer's Office of state funds in securities lending
• Securities lending was terminated by the state treasurer in 2015, so this code is no longer necessary
• , which deals with the previous investments by the Treasurer's Office of State funds in Security Lending
• Securities lending was terminated by the state treasurer in 2015, so this code is no longer necessary
• Lend? Aye. Nichols? O'Connowitz? Robby? Ricks? Ruckty? Aye. Semarov?

Transcript Highlights:

• It's just a more straightforward process that lends itself to this kind of a solution.
• It's just a more straightforward process that lends itself to this kind of a solution.
• It's just a more straightforward process that lends itself to this kind of a solution.
• It's just a more straightforward process that lends itself to this kind of a solution.
• </c> straightforward process that lends straightforward process that lends itself<00:42:38.640><c> to

Summary: The committee first took up House Bill 219, which would revise the renewable portfolio standard by changing several class definitions, eliminating Class 2, lowering the utility obligation for Class 1 thermal renewable energy certificates from 2.2% to 1.7%, and adjusting alternative compliance payments. Representative Vose said the bill would save ratepayers an estimated $5.7 million annually, arguing that Class 2 is already saturated and that the changes would not materially affect renewable energy development. Members questioned the fiscal impact, with an amended fiscal note cited as showing a $1.2 million reduction in general fund revenue, and some members raised concerns that the bill could weaken one of the remaining incentives for renewable investment. The committee also reviewed the bill’s history, including that it had been added to HB 2 and then removed in conference committee. No vote was taken in the work session. The committee then heard House Bill 164, concerning local records retention and the creation of a local records manager position. Secretary of State David Scanlan testified that the position has existed in statute for years but has never been funded, and said the need has grown as records management has become more digital and ADA accessibility has become more important. He described the bill as a way to help towns preserve and digitize records, especially for smaller communities with limited resources, while keeping records locally when possible. Members asked about the fiscal note, the potential cost of a public website and storage system, and whether the state could start by funding the position alone; the secretary said the staffing cost estimate remained accurate but that storage costs could rise over time. Several members expressed support and suggested further discussion with the Department of Information or other agencies. The work session was then closed without action. Finally, the committee opened House Bill 365, which would provide proof of U.S. citizenship assistance for indigent voters. Secretary Scanlan said the bill is intended to help voters comply with the new voter registration documentation requirements by allowing the state to verify eligibility through federal, private, and other state databases, and by providing vouchers to cover the cost of obtaining documents such as birth certificates. He compared the proposal to the earlier voter ID law, which he said was successfully implemented with accommodations for voters lacking acceptable ID. Members asked how “indigent” would be defined and how the process would work for out-of-state-born applicants; the secretary said indigency would likely be based on a voter’s statement of inability to pay and that the state would help identify where to obtain records and, if necessary, verify them through outside databases. The discussion continued as the transcript ended, with no vote recorded.

Transcript Highlights:

• They want to lend bigger amounts, so by getting our guarantee, they're able to increase the amount they
• can lend.
• </c><00:54:28.200><c> up</c><00:54:28.559><c> bigger</c> lenders they want to lend up bigger lenders
• they want to lend up bigger amounts<00:54:29.400><c> so</c><00:54:30.160><c> by</c><00:54:30.319><c>
• we do find where we partner up with them is when they need larger amounts, the federal program can lend

Committee: Senate Agriculture and Environment

Summary: The committee heard testimony on HB 1294 HD2, which would create a workforce housing working group within the Department of Agriculture to address agricultural workforce housing shortages. The Department of Agriculture supported the bill’s intent but emphasized that the first step should be a study to determine actual housing demand, noting many farmers have very low incomes and may not be able to support housing costs. A DHHL representative said the department supports the measure as a first step but does not currently plan to expand housing on its agricultural lands; members also discussed the distinction between agricultural and pastoral leases and asked for follow-up information on lease numbers and ranchers growing feed. Testimony on HB 1294 was overwhelmingly supportive, with farm and farmers’ organizations saying housing is critical to sustaining agriculture and should be located near farm operations when possible. Members questioned how housing eligibility would be enforced and whether federal housing funds could be used. The committee reported 38 testimonies in support, none opposed, and two comments, then voted to pass HB 1294 HD2 with amendments, including a date defect to July 1, 2050; the motion carried with five in favor and the recommendations were adopted. The committee then took up HB 428 HD1, establishing the Hawaii Farm to Families Program to address food shortages and requiring reports before the 2026 regular session. The Department of Agriculture urged the bill’s continuation and appropriations, citing rescinded federal grant programs and a planned $1.1 million application to support food banks and kalo production. Food banks, the Hawaii Farm Bureau, the Hawaii Farmers Union, and other groups strongly supported the measure, describing rising demand for charitable food assistance, especially for fresh produce and protein, and noting that many families are struggling despite working multiple jobs. Witnesses also described school pantry and backpack programs, food rescue partnerships with retailers, and the need for more stable state support; one witness asked for at least $5 million in funding for farm families. Committee members asked about food insecurity levels, food safety, abuse of food assistance, and how the program would connect farmers with schools and food banks. Food bank representatives said they already work with DOE school pantry programs and inspect all donated food for safety, and they suggested a grant or escrow-style payment model could help farmers by reducing reimbursement delays. The transcript does not show a final vote on HB 428 before the excerpt ends.

Transcript Highlights:

• And whereas Representative Herrera sponsored historic legislation in 2022 that reformed predatory lending
• project that I had been with when I first came on board, and that is putting limits on predatory lending
• And they have programs, lending programs, to buy homes.
• They have programs, lending programs, to buy homes, and, Mr.
• And they have programs lending for them. They have programs, lending programs to buy homes, and Mr.

Bills: HB111 , HB108 , HB145 , HB164 , HB291 , HJR6 , HR1 , HB63 , HB64 , HB165 , HB184 , HB200 , HB4 , HB7 , HB20 , HB65 , HB66 , HB80 , HB88 , HB96 , HB166 , HB285 , HB295 , HB306 , SB29 , SB37 , HJM2 , HJM3 , HJM1 , HM7 , HM17 , HM4 , HM22 , HM23 , HM24 , HM26 , HM2 , HM16 , HM32 , HM13 , HM47 , HM20 , HM51 , HM1 , HM31 , HM35 , HM36 , HM46 , HM53 , HM54 , HM11 , HM14 , HM21 , HM34 , HM50

Keywords: water law, state engineer, civil penalty, compliance order, water rights, overdiversion, illegal diversion, groundwater storage and recovery, well license, permit violation, water enforcement, New Mexico water code, irrigation district, conservancy district, water diversion, unauthorized water sales, measuring device, district court appeal, water resources, water compliance

Transcript Highlights:

• Jeff is our chief lending officer.
• We have our lending division that Jeff oversees, and then we have the housing division, which Donna oversees
• Uh, we are, we also offer mortgage lending, which I'll talk about more in a minute, and we also service
• And then we offer home improvement and refinance lending.
• So all these are going to be net zero ready, and we will also offer a lending product that will help

Committee: House Mortgage Finance Authority Act Oversight Committee

Transcript Highlights:

• And I think Donnie's experience will lend very well for us to be able to present to the governor's office
• It is just getting started, but I feel that my experience will lend itself to being able to get something
• But I feel that my experience will lend itself to being able to get something on the table here fairly
• And it is just getting started, but I feel that my experience will lend itself to being able to get something
• But I feel that my experience will lend itself to being able to get something on the table here fairly

Summary: The committee met with Representative Redman participating remotely after his flight was canceled. Members approved the minutes, then voted to proceed with a Medicaid study and to release the follow-up report on state oversight of children’s residential care. OPE staff said the original report had identified major gaps in oversight, but that most recommendations had now been addressed through agency changes and House Bill 723, which codified several reforms including a Youth Bill of Rights, annual unannounced surveys, revised interview procedures, and restraint/seclusion reporting to licensing. Of 19 recommendations, 13 were complete, two were in progress, and four remained open, with one requiring legislative action. The follow-up discussion focused on the remaining gaps: whether licensing should have authority to oversee treatment quality, whether restraint and seclusion data should be reported publicly or to the legislature, and how to address abuse by facility staff, including a registry pathway and a single investigative process. OPE and committee members noted that these unresolved items would require policy decisions by the legislature. Department of Health and Welfare and licensing officials described improved oversight practices, including unannounced surveys, a new tracking system, and better monitoring of foster placements. The ombudsman reported increased complaints, more facility visits, and stronger collaboration with licensing, and said his office could potentially take on more oversight if given authority and staffing. The committee then voted to close the report, with several members saying they wanted to work on legislation next session. The committee also heard OPE’s report on career technical education funding and teacher recruitment. The report said Idaho had 1,103 approved secondary CTE programs and about 151,500 enrollments, with agriculture the largest program area. Members heard that larger and more urban districts, especially in southwest Idaho, offered more diverse CTE options, while smaller and more remote districts relied more heavily on agriculture and had fewer health, public safety, and engineering programs. OPE said 60% of surveyed LEAs reported funding constraints, especially equipment and facility costs, and many said dedicated CTE funds could not be used for base teacher salaries. The report also found that recruiting CTE teachers was difficult, with respondents citing a lack of qualified candidates and pay that often was not competitive with local industry, though the comparison varied widely by program area. OPE outlined policy options such as allowing more CTE funds to pay salaries, adjusting the funding formula for smaller class sizes, simplifying occupational specialist credential routes, and targeting salary incentives to high-need fields. The presentation was still underway when the transcript ended, with members asking questions about district settings, salary comparisons, and how the funding options might affect staffing and program access.

Transcript Highlights:

• fight for another day is that we used to, back in the '70s, '80s, we held banks accountable for their lending
• Latino applicants... ...financing, mortgage rules that disadvantage Latino applicants, predatory lending
• households also work in industries with lower job stability or lack the credit history needed for fair lending
• disadvantage Latino applicants financing, mortgage rules that disadvantage Latino applicants, predatory lending
• households also work in industries with lower job stability or lack the credit history needed for fair lending

Committee: Joint Joint Committee on Racial Equity, Civil Rights, and Inclusion

Summary: The Joint Committee on Racial Equity, Civil Rights, and Inclusion held a hearing on the impact of federal policy on the racial wealth gap in Massachusetts, the fourth in a series on federal impacts on racial equity. Chair Bud Williams and Chair Miranda opened by emphasizing that no bills were being heard and that the committee would instead take testimony from invited witnesses; public written testimony was also accepted. The chairs and witnesses repeatedly cited long-standing wealth disparities affecting Black and brown communities, including homeownership, wages, business ownership, and access to capital, and linked those disparities to federal policy changes, housing, education, health care, and workforce development. Administration officials testified first. Secretary of Labor and Workforce Development Lauren Jones described persistent labor market disparities, including higher unemployment for Black and Latino residents, lower median hourly wages, and underemployment among degree holders, and highlighted state efforts such as ESOL-for-work funding, workforce training grants, MassHire career centers, skills-based hiring, and the state equity dashboards. Secretary of Health and Human Services Kiami Mahania argued that poverty drives poor health, not the reverse, and said wealth gaps contribute to chronic disease, maternal health inequities, medical debt, and shorter life expectancy; she pointed to the Advancing Health Equity Massachusetts initiative, a health care affordability working group, and the governor’s push to bar medical debt from credit reporting. Assistant Secretary Juan Vega of EOED focused on entrepreneurship and procurement, citing technical assistance grants, founder support programs, place-based investment, the Business Front Door, and the need to broaden access to contracts, capital, and business growth opportunities. Committee members pressed the panel on the effects of the federal “big beautiful bill” on households, especially single-parent and Black women-led households, and on whether the state could develop more timely data systems instead of relying on federal numbers. Officials said the impacts were still being monitored, but warned that Medicaid and SNAP changes would likely hit lower-income households and community institutions hard. Members also asked about unions and apprenticeships, microbusiness definitions, supplier diversity, pay equity, and degree inflation; the administration said registered apprenticeships and skills-based hiring are key tools, and noted that wage equity reporting is still in its early stages. Later testimony from BECMA’s Nicole O’Bean stressed that tariffs, DEI rollbacks, immigration enforcement, capital gaps, and federal funding cuts are constraining Black-owned businesses and inclusive procurement, while Gastón Institute researchers described severe Latino homeownership and rent burdens, educational inequities, and the need for housing, labor, and education policy changes to close the wealth gap.

Transcript Highlights:

• So how that works is we participate with local lenders who lend all the money and then we buy back 45%
• So how that works is we participate with local lenders who lend all the money and then we buy back 45%
• So how that works is we participate with local lenders who lend all the money and then we buy back 45%
• So how that works is we participate with local lenders who lend all the money and then we buy back 45%
• So how that works is we participate with local lenders who lend all the money and then we buy back 45%

Transcript Highlights:

• these different indicators of possible distress in the economy, this is looking at subprime auto lending
• Now, I want to draw a distinction between subprime auto lending and what happened in 2008 and 2009.
• That was subprime home lending, and so that is part of what caused the Great Recession and the housing
• debt to last longer or are pushing it off later as we try to work through those financials on the lending
• So really seeing across the lending index those folks that work with agriculturalists day in and day

Summary: The committee was convened to review Idaho’s economic outlook and general fund revenue projections for fiscal years 2025-2028, with members instructed to submit “homework” revenue estimates by noon the next day so staff could compile committee averages and medians for deliberations and a final recommendation to JFAC. Opening remarks emphasized the committee’s constitutional charge, the use of the binder materials and online packet, and that the committee would meet again the next day to discuss and vote on the revenue projection recommendation. Staff and agency presentations focused on the state’s budget and revenue picture. Legislative Services Office staff described structural imbalance concerns, noting that statutory spending changes and earmarked sales tax distributions have crowded out flexibility, while cash reserves remain substantial. The Division of Financial Management’s economist explained the official revenue forecast, including revised treatment of sales tax and tax relief fund accruals, and said the forecast largely held steady overall even as corporate and individual income tax categories shifted. She also discussed the impact of the federal One Big Beautiful Bill Act on SALT deductions and said recent corporate collections had rebounded sharply, suggesting timing and behavior changes rather than a broad economic downturn. Outside economists and labor experts painted a generally stable to positive economic picture. Zions Bank’s economist said the Federal Reserve is likely near the end of major rate cuts, long-term rates and mortgage rates remain elevated, tariffs have risen sharply, but inflation has not yet shown broad tariff-driven acceleration; he described the national labor market as slowing but not contracting and said 2026 could be a rebuilding year. The Idaho Department of Labor reported that Idaho’s unemployment remains historically low, job growth is steady, wage growth is moderating from overheated pandemic-era levels, and the state’s labor market remains healthier and more balanced than the national picture. The committee also heard from Idaho Power’s economist, who began a presentation on broader economic conditions and utility-related demand trends before the transcript ended.

Transcript Highlights:

• lot of the community members that we work with, either through our advocacy or through our small lending
• A lot of the clients that we lend out to are undocumented as well.
• And so we absolutely realized that we had to pivot a lot of our work both on the lending side, but also
• so this is a lawsuit that's ongoing and this is very important because so many of the folks that we lend
• out to, we pride ourselves on making sure that we're lending out to folks with or without status.

Summary: The Select Committee on Latina Inequities met at Los Angeles Mission College in Sylmar, hosted by Assemblymember Celeste Rodriguez and joined by Assemblymember Mia Bonta. Rodriguez opened by framing the committee’s work around the economic status of Latinas and the effects of federal policies on the economy and social safety net, while the college president welcomed the committee and described campus services for undocumented and housing-insecure students. Rodriguez also emphasized the local impact of immigration enforcement in the San Fernando Valley and said the hearing would focus on Latinas’ economic conditions, immigration enforcement impacts on the workforce and safety, and H.R. 1’s effects on the safety net. The first panel featured HOPE’s Maria Morales and Dr. Elsa Macias, who presented findings from HOPE’s National Economic Status of Latinas report. They said Latinas are a major and growing part of California’s population and workforce, but face persistent inequities, including a large wage gap, higher unemployment, high uninsured rates, student debt, and affordability pressures around child care, housing, and education. They also discussed entrepreneurship, noting both the growth of Latina-owned businesses and barriers such as limited access to capital, technical assistance, and retirement and health coverage. In response to committee questions, they said higher education can still offer a strong return on investment, but only if students can complete degrees without being overwhelmed by debt and care costs; they also pointed to policy solutions such as SB 642, mentorship, financial literacy, CalSavers access, and support for community development financial institutions. The second panel focused on immigration enforcement and Latina safety in the workforce. Luis Nolasco of the ACLU described arrests tied to apparent ethnicity and Spanish-speaking, the chilling effect on families, and the loss of wages, school attendance, and mobility. Dr. Amada Armenta said immigration enforcement harms California’s economy, public health, and mixed-status families, and noted that undocumented workers are concentrated in agriculture, construction, and child care. SEIU’s Jen Baca Beltran said raids and school-based enforcement traumatize children and families and highlighted the need for Know Your Rights trainings. Megan Ortiz of IDEPSCA described repeated Border Patrol raids on day labor centers, injuries to staff, and the need to protect worker centers, domestic workers, and street vendors. Inclusive Action’s Shannon Camacho said raids have forced many informal workers to stop working, prompted emergency cash assistance and rent relief efforts, and strengthened advocacy for vendor protections and CDFI support. CHIRLA’s Jeanette Zanipatine said the rapid response network has expanded, documented widespread arrests and detention conditions, and is providing direct support and legal referrals; committee members asked about detention, maternal health, and what the state can do, and panelists urged stronger oversight, more legal representation, and protections for pregnant and detained people.