Transcript Highlights:

• </c><01:15:43.400><c> of</c> Banks JP Morgan Wells Fargo Bank of Banks JP Morgan Wells Fargo Bank of
• Consider first a bank that borrows. Banks normally don't use customer securities to borrow.
• In no bank insolvency I'm ever aware of has any customer lost where the bank was the custodian.
• Consider first a bank that borrows. Banks normally don't use customer securities to borrow.
• In no bank insolvency I'm ever aware of has any customer lost where the bank was the custodian.

Summary: The committee first heard testimony on House Bill 167, a PFAS-related measure to add ski, snowboard, and boat wax to the state’s list of banned consumer products containing PFAS. The sponsor said the product is already banned in many other places, alternatives exist, and the concern is that these products go directly into water rather than landfills. She cited high PFAS levels in several New Hampshire lakes and argued the bill would help stop further contamination. A member of the public also described personal experience with ski wax products disappearing from the market, suggesting PFAS may have been the reason. The chair then closed the hearing on HB 167. The committee next opened a hearing on House Bill 312, dealing with college athletes’ name, image, and likeness (NIL) rights. Representative Moffett explained the bill was prompted by the U.S. Supreme Court’s NCAA v. Alston decision and was modeled on New Jersey law. He said the bill would prevent colleges from restricting NIL compensation, require athletes to use licensed attorneys or registered sports agents, and limit certain endorsements involving addictive drugs, adult entertainment, firearms, and weapons. He framed the measure as a proactive response to a changing college sports landscape and noted possible future conflicts involving schools, agents, and endorsements. Committee members raised several concerns and suggested changes. One member questioned the bill’s exclusion of two-year institutions, another objected to the weapons restriction, and others asked how the bill would affect scholarships. The sponsor said the intent was to protect scholarships, especially athletic scholarships, and clarified that need-based scholarships were not meant to be affected. He also acknowledged discomfort with the endorsement restrictions and said the committee might want to broaden or revise the language. The hearing remained open for further consideration, with no vote taken in the excerpt.

Transcript Highlights:

• </c><03:40:58.880><c> who</c> depositors again versus the banks who depositors again versus the banks
• </c><03:46:22.279><c> Department</c> of the pep from the banking Department of the pep from the banking
• </c> Hampshire Banks Hampshire Banks Association<03:46:44.279><c> they</c><03:46:44.479><c> were</c><
• They recognize it's different, made some changes, took it out of the Banking Department, left the bank
• </c> changes took it out of the banking changes took it out of the banking Department<03:55:29.840><c

Summary: The committee held a public hearing on House Bill 233, which would impose transparency and reporting requirements on the New Hampshire Vaccine Association. The prime sponsor, Representative Comto, said the bill and a proposed amendment were intended to increase public access by requiring a physical meeting location, making meetings available online, and publishing a complete list of vaccines and pharmaceutical products purchased. She argued the association should be more transparent because it is involved in vaccine purchasing and public trust is important, especially given controversy around vaccines. Committee members questioned the sponsor about the association’s legal status, who sets vaccine requirements, whether other private entities would be covered, and whether the proposal should instead apply more broadly to all meetings or include recordings. The sponsor said the association was created by the legislature, that childhood vaccine requirements come from DHHS and CDC-related processes, and that she would be open to broader recording requirements. Some members raised concerns about misinformation and whether requiring answers to public questions could be problematic in a contentious policy area. Patrick Miller, executive director of the Vaccine Association, and attorney Mark McHugh testified in opposition. They described the association as a not-for-profit voluntary corporation created by statute in 2002 to serve as a funding mechanism for the state’s universal childhood vaccine purchase program, with no policymaking role and no public funding. They said the association already posts notices, agendas, minutes, and allows public webinar access and comments, while also providing annual audits and reports and other statutory reporting. They argued HB 233 would impose unnecessary administrative costs on a private entity, interfere with its limited charitable purpose, and ultimately increase costs borne by insurers, employers, and consumers. No vote or final action was taken during the hearing.

Transcript Highlights:

• In many ways, we're the food bank to the food banks, to the pantries, to the kitchens, to the mobile
• In many ways, we're the food bank to the food banks, to the pantries, to the kitchens, to the mobile
• when farmers have economic stability, when working families have economic stability, and our food bank
• We will distribute that all across western Washington, or you can do that at your local food bank or
• Then we have a farm-to-food-banks bill.

Summary: The meeting was a legislative press event focused on food insecurity and a broader state strategy to improve food access in Washington. Food Lifeline CEO Stephen Davis described rising hunger across western Washington, citing roughly one in eight residents and one in six children as food insecure, and warned that federal SNAP cuts and higher costs could worsen the problem. He emphasized the need for coordinated state, local, nonprofit, and industry action to strengthen food security and support the charitable food system. House Agriculture and Natural Resources Chair Rep. Lisa Reeves framed the issue as a state-level responsibility and highlighted a Food Fighters Caucus working on multiple bills. She pointed to proposals including a Washington version of a Farm Bill (HB 2616), a statewide food security strategy (HB 2238), a ban on force-feeding birds (HB 1735), support for local food infrastructure grants, farm-to-schools efforts, medically tailored meals (HB 2211), a farm-to-food-banks bill (HB 2463), food donation reporting, dynamic grocery pricing (HB 2481), and pesticide restrictions on PFAS (HB 2279). She also said the state was trying to offset federal policy changes that could reduce millions of meals and affect SNAP recipients. Rep. Darya Farivar focused on grocery access as infrastructure and described the closure of the Fred Meyer in her district as an example of fragile food access. She outlined a bill package centered on HB 2294, HB 2297, and HB 2313: removing anti-competitive covenants that block grocery stores from reopening, giving local governments tools to support existing and new stores in underserved areas, and allowing municipal or partnered grocery options when private stores disappear. Grocery worker Dan House, of UFCW 3000, testified in support of HB 2313, saying store closures hurt seniors, families, workers, and neighborhood stability. No votes were taken; the event ended with a call for continued support, collaboration, and public engagement on the bills and food security efforts.

Transcript Highlights:

• The Committee on Banking and Finance is called to order. Sergeant, please call the absent members.
• year, I came home from a day of work here, went home and told me how she was on the phone with her bank
• And I told her, Mom, I don't think you were talking to your bank.
• That way we're getting both the information from the bank, but also from the victim so that we get a
• With that, we will conclude the Assembly Banking and Finance Committee. The meeting is adjourned.

Summary: The Assembly Committee on Banking and Finance met and initially lacked a quorum, so it began as a subcommittee before later obtaining enough members to act. The committee took up a consent calendar containing AB 501, AB 683, and AB 1278, all of which were approved for passage to their next committees, with AB 501 sent to Judiciary and AB 683 and AB 1278 sent to Appropriations. The committee then heard AB 871, which was presented as a measure to strengthen protections against elder financial abuse and scams by improving reporting and training requirements for financial institutions and mandated reporters. The author described the bill as a response to widespread elder fraud, including a personal family experience, and explained that the bill would add reporting guidance to the FBI’s Internet Crime Complaint Center (IC3) and the Federal Trade Commission. Supporters, including the California Welfare Directors Association and several local government and advocacy representatives, said the bill would help identify patterns, improve coordination, and potentially stop fraudulent transfers more quickly. The California Bankers Association did not oppose the bill but raised concerns about whether IC3 is the right reporting channel in every case, whether a dollar threshold should apply, and how institutions would operationalize customer notification requirements. Several committee members spoke in support, emphasizing the prevalence and sophistication of scams targeting older adults and the need to avoid imposing civil penalties or undue liability on financial institutions. The author said she was working with stakeholders to address concerns and keep the bill effective. AB 871 was then approved on a due pass motion to the Judiciary Committee, and the roll was left open briefly for absent members before the meeting adjourned.

Transcript Highlights:

• It's from high-interest lenders, banks, and credit cards.
• You couldn't go to the bank and ask for $100 to buy groceries or to get your car fixed.
• We're the bank for the unbanked and underserved communities in Washington.
• or aren't banked.
• You're not going to go to a bank and get a $150 loan.

Summary: The Senate Business, Trade, and Economic Development Committee heard public testimony on several House bills. HB 2624 would expand an existing exemption in the solicited real estate transaction law to allow public entities to solicit and buy real property for any public purpose, and also for Indian tribes and nonprofit nature conservancy organizations; the sponsor said the bill is meant to fix an omission from last year’s law, while a forest landowners group opposed it as creating a loophole for low-ball offers to vulnerable owners, and Trust for Public Land supported it as a different kind of transaction with existing appraisal and public-process protections. HB 2334 would create a cash-transaction rounding system to address the end of penny minting; staff said rounding would apply after tax and be permissive for sellers, with immunity and preemption provisions, and retailers and grocery groups supported it as a practical solution to penny scarcity, while members asked about signage and mixed-tender transactions. The committee also heard HB 1269, which would shorten pawn loan terms from 90 to 60 days, raise interest and fee caps, increase storage fees, and allow online payments for extensions. Pawn industry witnesses and the sponsor said the changes are modest, overdue, and needed to reflect inflation and operating costs while serving unbanked customers; some senators questioned whether the combined changes would more than double costs for borrowers, and industry witnesses said they were willing to work on the numbers. HB 2428 would require insurers to send advance lapse notices for individual life insurance policies to policyholders and a designated third party, with proof of delivery, to prevent unintended lapses; the sponsor, the Insurance Commissioner’s office, life insurers, AARP, and a business group all supported the consumer protection goal, though insurers noted added compliance costs and the bill’s delayed effective date for new policies. Finally, the committee heard HB 1078 on pet insurance, which would bar cancellation or nonrenewal based on a pet’s age or conditions that develop during the policy term and would restrict certain affiliate-policy transfers; the Insurance Commissioner’s office strongly supported it as a consumer protection measure, and staff noted a fiscal impact estimate and a new fiscal note request. The committee also took testimony on HB 2624 from both supporters and opponents, and on HB 2334 and HB 1269 from industry and public witnesses, but no votes were taken in the meeting. The chair closed public testimony and adjourned the committee after hearing all scheduled bills.

Transcript Highlights:

• Is it purely up to each bank to decide?
• </c> what the bank has discovered. what the bank has discovered.
• Miss Rice, the bank sets it up.
• Some banks are how they want to do it.
• </c> time they can put the money in the bank time they can put the money in the bank for<01:09:48.719

Committee: Senate Commerce and Consumer Protection

Transcript Highlights:

• And then the Bank of North Dakota adds 25 basis points to that.
• They purchased 10 one-year CDs at the Bank of North Dakota.
• So those CDs roll They purchased 10 one-year CDs at the Bank of North Dakota.
• And we've had good partners with the bank and with Rio and with everybody.
• With that, meeting adjourned. with the bank and with Rio and with everybody.

Summary: The Legacy Fund Committee received updates from the North Dakota Retirement Investment Office (RIO) on fund performance, liquidity, in-state investments, and internal management. Scott Anderson reported strong returns for the Legacy Fund across multiple time periods, with performance exceeding the policy benchmark and expectations, driven largely by strong equity markets and effective implementation. He also reviewed private market pacing, noting commitments were on plan but that unfunded obligations and distributions were lower than expected, and presented a new liquidity analysis showing the fund had substantial capacity to meet obligations even under stressed market scenarios. The committee also discussed RIO’s internal investment program and cost savings. Anderson explained how internal management of fixed income, equity, and cash overlay strategies has reduced fees and transaction costs, while improving flexibility and portfolio construction. Members asked about staffing needs, and RIO leadership said asset growth has outpaced current staffing, with a request for additional FTEs likely coming to support investment, operations, risk, and legal functions. The committee also reviewed the Legacy Fund’s in-state investment program, including 50 South Capital and infrastructure lending, and heard that one manager’s buildout is progressing more slowly because many opportunities are still early-stage. Adam Odison presented a preliminary estimate of the 2026 Legacy Fund earnings distribution, projecting about $894.8 million under current law, with roughly $237 million to the Highway Fund and $554 million to the Property Tax Relief Fund after the sinking and interest fund allocation. Jody Smith then gave a project update on a new standalone Legacy Fund website required by statute, intended to consolidate performance, holdings, governance, fees, and use-of-funds information for the public, with a planned launch around the October State Investment Board meeting. She also raised a possible future proposal to place the Legacy Earnings Fund back under State Investment Board management so the cash could remain invested longer before being transferred out, though members noted liquidity, accounting, and bank-deposit implications would need further review. Finally, Kelvin Holden of the Bank of North Dakota reviewed the match loan program, explaining how it supports large economic development projects by pairing Bank of North Dakota loans with State Investment Board CDs. He said the program currently has about $272 million outstanding and has supported projects such as Coal Creek Station and the MDU gas line to Gwinner. Members discussed whether the program’s return is appropriate and noted a prior moratorium on new investments so the committee can revisit the policy next session. The committee then elected Senator Klein as chair and Representative Hogan as vice chair, and the meeting ended with members thanking staff and partners for the fund’s progress.

Transcript Highlights:

• The largest bank we have in Oklahoma is just under $50 billion in assets.
• I was referring to banks based in Oklahoma, but these debanking activities occur with the largest banks
• , national banks, the too-big-to-fail banks, and they certainly affect Oklahomans when you think about
• So the banks can follow this.
• So the banks can follow this.

Bills: HB4104 , HB3722 , HB3787 , HB3700 , HB3701 , HB3310 , HB3404 , HB2964 , HB2398 , HB3024 , HB3499 , HB3278 , HB3279 , HB3645 , HB3649 , HB2293 , HB3260 , HB3176 , HB3177 , HB3114 , HB3172 , HB3322 , HB3323 , HB4248 , HB3720 , HB2210 , HB1322 , HB1937 , HB3301 , HB4107

Summary: The House convened, heard the prayer and Pledge of Allegiance, recognized the Doctor of the Day, and held several special presentations, including the Bethany Youth Council and a centennial recognition for Ascension St. John. The chamber then took up a long series of bills on second and third reading, with members asking questions on hospice care, broadband, funeral director continuing education, economic development, court reporters, DUI-related GPS monitoring, banking discrimination, statutory interpretation, electronic filings, intoxicating hemp beverages, homemade food production, youth apprenticeships, domestic violence, school communications with minors, firearms definitions, and outdoor warning sirens. Among the measures considered, House Bill 3645 on hospice referrals for patients without next of kin or a durable power of attorney passed 16-0. House Bill 3649, allowing proceeds from certain state property sales to remain in the mental health real estate trust, passed 15-0. House Bill 2293 extending the Oklahoma Broadband Office sunset to 2030 passed 84-10. House Bill 3216 adding the Oklahoma Funeral Directors Association to approved continuing education providers passed 94-0, and House Bill 3176 directing Commerce to pursue national lab and innovation opportunities passed 51-37 after extensive debate about its aspirational nature and cost. Other bills approved included HB 3177 on Corporation Commission court reporter pay and retention, HB 3114 removing DUI with great bodily harm from DOC GPS monitoring eligibility, HB 3172 restricting adverse banking actions by large financial institutions against lawful activity, HB 3322 on statutory interpretation, HB 3323 removing notarization requirements for electronic Service Oklahoma submissions, HB 4248 restricting certain intoxicating beverages to those 21 and older, HB 3720 expanding the Homemade Food Freedom Act, HB 2210 modernizing youth apprenticeships, HB 1322 creating a domestic violence offender registry, HB 1937 revising school communications with minors and receiving emergency passage, HB 3301 aligning state firearms definitions with federal law, and HB 4107 criminalizing hacking or unauthorized activation of outdoor warning sirens. Most bills passed with broad support, though some drew significant questioning over fiscal impact, public safety, and implementation details.

Transcript Highlights:

• I appreciate LAO's comments in terms of the diaper banks. I appreciate that.
• Estes has had conversations with the diaper banks, and we did issue an RFI on April 7.
• Estes has had conversations with the diaper banks, and we did issue an RFI on April 7. Ms.
• Mark Lowry from the Orange County Food Bank and Orange County Diaper Bank.
• ongoing financial support to sustain operation of that network of diaper banks in California.

Summary: The Assembly Budget Subcommittee on Health held an informational hearing on the Governor’s May Revision, focusing first on the Commission on Behavioral Health, then EMSA, and then the California Department of Public Health (CDPH). The Department of Finance said the state faces a third consecutive deficit and that the May Revision includes difficult trade-offs, including proposed eliminations or reversions of some behavioral health and public health funds. The LAO echoed concern about the structural deficit and said it was still awaiting some budget details before offering a full analysis. For the Commission on Behavioral Health, Finance proposed eliminating $20 million in Mental Health Wellness Act funds, arguing the money would help offset General Fund costs and noting future Proposition 1 innovation funding. The commission strongly opposed the cut, saying it would eliminate or delay launch-ready grants for early childhood supports, full-service partnerships, and peer respite, and would eventually end ongoing grant programming. Several advocates and commissioners testified that the funds support underserved communities and that Proposition 1 is not a substitute for the existing programs. The chair asked Finance to look for alternatives, but no vote was taken. EMSA presented mostly technical budget adjustments: increased authority for the California Poison Control System, a correction to EMSIS funding, and a reappropriation for enterprise services and data management. CDPH then reviewed a broader set of May Revision proposals, including reversions from the California Reducing Disparities Project, workforce development, STD prevention, hepatitis C prevention, hospice, and extreme heat funding, as well as a new generative AI pilot for health facility survey reporting. Members raised concerns about cuts to CRDP and gender health equity programs, especially because many grants are mid-contract and serve underserved communities; CDPH said the reversions were part of solving the deficit and that CRDP had been successful, while also clarifying that abortion.ca.gov would not be eliminated. Public comment was overwhelmingly opposed to the CRDP and related cuts, with many speakers describing the programs as life-saving and cost-effective. No formal votes or actions were taken during the hearing.

Transcript Highlights:

• When banks make uh loans, banks use.
• else from a standard bank.
• else from a standard bank.
• Then we run something the bank.
• /c><00:47:16.000><c> bank</c> collect bank statements, business bank collect bank statements, business

Committee: House Workforce, Labor, and Economic Development Finance and Policy

Transcript Highlights:

• that the product that they're selling and it's hasn't been recognized by banks and a lot of banks just
• Is that going to help you get bank loans? Will banks in New Hampshire readily give you guys loans?
• and a hasn't been recognized by banks and a lot<00:13:34.079><c> of</c><00:13:34.160><c> banks</c><00
• Will going to help you get bank loans?
• Um but it's banks are doing lending.

Committee: Senate Judiciary

Transcript Highlights:

• Meanwhile, USDA support has been cut at food banks across the country.
• You can see where I go to the food bank to make deliveries, and by going to the Alexandria Food Bank
• We sell to Second Harvest Food Bank.
• The five regional food banks support over... The five regional food banks support over...
• Food banks are no different.

Committee: Senate Finance

Transcript Highlights:

• Chairman, after we had our discussion this morning, I'd went up and asked the bank.
• It was what the bank told me is probably realistic. So, Mr.
• So after this warning session, we went back and did— ...the Bank of North Dakota.
• It was the one that the original bank and page four, and we go to lines 24 to 27.
• The bank said they put a class A misdemeanor in as a placeholder.

Bills: HB1329

Committee: Senate Appropriations - Education and Environment Division

Summary: The division first discussed Senate Bill 1540 and related amendments involving implementation mechanics, procurement exemptions, and an emergency clause. Bank of North Dakota representatives explained that, based on a timeline review with DPI, the project would be very difficult to implement for the 2026-27 school year without exemptions from state purchasing and IT oversight rules and without an emergency clause; they said the normal procurement process could take about 240 days and that a 15-month implementation window would likely push the start to 2027-28 if those changes were not adopted. Members also raised a separate policy question about a criminal penalty placeholder in the bill, and the committee agreed that the sentence was unnecessary and should be removed. The committee deferred means-testing questions and fiscal-note issues to the next morning, with the understanding that the bill would be drafted in a way that made it workable if it advanced. The committee then turned to the water budget bill and reviewed the latest amended version, which included changes to the Water Topics process, Southwest Pipeline line of credit provisions, Red River supply funding, Mouse River project amounts, general water funding, studies on Missouri River intakes and water governance/finance, and a carryover/transfer adjustment. Chris Cattermas of the Department of Water Resources said most of the carryover funds were already obligated, with the largest unobligated amount in flood control. After review, Senator Thomas moved a do-pass recommendation on the bill as amended, the motion was seconded, and the committee approved it unanimously. The chair noted that other bills would be taken up the next morning, including 1013, 1014, and 1540.

Transcript Highlights:

• these amendments that we would have under the wastewater bill with the DEQ, that we would provide a Bank
• So in having some conversations with the Bank of North Dakota and how to set this fund up, I support,
• And so the Bank of North Dakota understands that.
• And so the Bank of North Dakota understands that. I don't think they're against that.
• And so the Bank of North Dakota understands that. I don't think they're against that.

Bills: SB2225 , HB1619

Committee: Senate Appropriations

Summary: The Appropriations Committee met to clear several remaining bills and discussed scheduling around upcoming conference committees. The chair noted that full committee meetings would likely be held after floor session, while Thursday and Friday mornings were being reserved for conference committees. Members also discussed how conference committees would be scheduled and where they would appear on their dashboards. The committee first took up House Bill 1577, relating to wastewater facility grants. Amendments were adopted to create a loan/line-of-credit mechanism through the Bank of North Dakota and the Department of Environmental Quality to keep two canceled federal BRIC-funded projects moving: a lagoon project in Fezenden and a wastewater treatment project in Lincoln. Members emphasized the language was intended to apply only to those projects and to preserve the possibility of federal reimbursement later. The amendment passed 16-0, and the bill as amended received a 15-1 do pass recommendation. The committee then reconsidered House Bill 1009 and adopted an additional amendment transferring the remaining balance in the bioscience innovation grant fund to the general fund, rather than issuing another round of grants. That amendment passed 16-0, and the bill as amended also received a 16-0 do pass recommendation. Finally, the committee considered House Bill 1619, creating a long-term care facility loan fund and adjusting an existing medical facility loan program. After discussion, members amended the bill to reduce the long-term care fund cap to $10 million per project, set the interest rate at 2%, extend repayment to 30 years, and align the medical facility loan program to 2% with a 30-year term. The amendment passed 14-2, and the bill as amended received a 16-0 do pass recommendation.

Transcript Highlights:

• Please, how would this apply to a land bank if a land bank was doing demolition?
• banks to do, including a very substantial...
• We know lots of—there's lots of money for land banks to do the things we want land banks to do, including
• We are, once again, trying to give land banks $50 million this year to do their work. But this...
• I'm not going to beat a dead horse, but also I support the land banks 100 percent.

Committee: Senate Housing, Construction, and Community Development

Summary: The Senate Committee on Housing, Construction, and Community Development met on March 31, 2026, with a quorum present and noted that the Legislature was in budget negotiations and approaching a scheduled break. The committee took up several housing-related bills, with most being reported to Finance after discussion. The first bill, S.3742A, would require information to be provided in new and renewal leases for certain housing accommodations, and it was reported without opposition. S.4659B, the Rental Emergency Stabilization for Tenants Act, generated the longest debate; supporters said it would give local governments outside New York City a more flexible way to determine a housing emergency and opt into rent stabilization, while opponents argued it lacked a clear vacancy-rate standard, could discourage development, and would benefit higher-income tenants. The bill was ultimately reported, with some negative votes and one or more votes without recommendation. The committee then discussed S.8168, which would create a deconstruction and salvage framework for building materials, including local options, technical assistance, grants, and related code updates. Supporters said it could reduce landfill use, lower disposal costs, and encourage reuse markets, while opponents questioned costs, market demand, and whether the program would raise housing and demolition expenses. The bill was reported, again with some negative or without-recommendation votes. S.8595, dealing with how certain valuations and amounts due are calculated in foreclosure actions, was also reported. S.8672, the Employer-Assisted Housing Matching Grant Act, would provide a state match for employer housing assistance for certain nonprofit human services employers; members raised concerns about scope, possible double-dipping, and whether the program should be expanded to other workers, but the bill was reported with some negative and without-recommendation votes. The final bill, S.94A, made a minor amendment to the Housing Access Voucher Pilot Program regarding priority applicants and unit inspections, and it was reported as well. Throughout the meeting, members repeatedly emphasized that several proposals were optional for local governments or employers rather than mandates, and many of the exchanges focused on affordability, housing supply, local control, and the fiscal effects of the bills. No floor votes were taken; the committee’s actions were limited to reporting the bills to Finance, with some reported favorably and others reported with negative or without-recommendation votes.

Transcript Highlights:

• Chairman, members of the committee, I'm Randy Ford, President and CEO of the Idaho Food Bank.
• The Idaho Food Bank is primarily funded by private philanthropy. We share that goal.
• We also know that nonprofits like the Idaho Food Bank can't absorb a lapse in SNAP benefits.
• Ford, you're from the food bank, I see.
• SNAP is a backbone of hunger prevention for every meal provided by food banks.

Committee: Senate Health and Welfare

Transcript Highlights:

• or chartered banks, right?
• So, the bank—I'll start with the banks.
• Okay, get through the banking.
• </c> depositor's personal claims to the bank. depositor's personal claims to the bank.
• We don't do bank runs anymore.

Committee: House Commerce and Consumer Affairs

Transcript Highlights:

• SB 700, Grayson, for a hearing on Tuesday, June 23, pending re-referral from the Banking and Finance
• Hence why this digital financial space with their existing bank or credit union.
• This is the part of the bill that banks have concerns about.
• When banks that they trust offer crypto.
• That is one of the sticking points that the banking industry does not agree with. Why?

Summary: The Assembly convened after a quorum call, opened with prayer and the Pledge of Allegiance, approved procedural motions, and recognized several guests and honorees, including CAUSE leadership academy participants, retiring FCMAT CEO Michael Fine, a Capitol intern, environmental leaders celebrating Black Conservation Week, family members of members, and NASA astronaut Captain Victor Glover Jr. The body also took up a number of routine file items and committee referral requests, with several bills referred to committees by unanimous consent and multiple items passed or retained on file. The main floor debate centered on ACR 214, the Juneteenth resolution. Members from the Black Caucus and other caucuses spoke in support, describing Juneteenth as both a celebration of emancipation and a reminder that freedom and equality remain unfinished work. Speakers emphasized Black history, civil rights, solidarity across communities, and ongoing issues such as education, housing, health, incarceration, and economic inequality. The resolution was adopted by voice vote after 66 coauthors were added. The Assembly also considered AB 2285 on blockchain staking and crypto regulation. The author argued the bill would provide consumer protections and clear rules for banks, credit unions, and crypto exchanges, while an opponent warned it could weaken securities oversight and consumer safeguards. The bill passed 45-1, and the author requested immediate transmission to the Senate. Later, SB 1036 on mitigation fee credits for redevelopment passed 55-0 after brief support for clarifying fee rules and reducing duplicative costs. The chamber then adopted the second-day consent calendar, including resolutions for Women’s Equality Day and the International Day of Yoga, along with several Senate bills, all by unanimous or near-unanimous votes. The Assembly announced it would not meet on Friday, June 19, would reconvene Monday, June 22 at 1 p.m., and then adjourned.

Transcript Highlights:

• The Committee on Banking and Finance is called to order. Sergeant, please call the absent members.
• year, I came home from a day of work here, went home and told me how she was on the phone with her bank
• and on and on about how nice they were, and I told her, Mom, I don't think you were talking to your bank
• And the next day, sure enough, she went to her bank when they opened, and thousands of dollars were set
• With that, we will conclude the Assembly Banking and Finance Committee. The meeting is adjourned.

Committee: House Banking and Finance

Transcript Highlights:

• You'd just be having gold held for you in the bank.
• You'd just be having gold held for you in the bank.
• And so we've seen tremendous increase in central bank holdings of physical gold.
• The requirement in HB 399 regarding using the banking system or state-chartered banks, we feel, would
• system or state-chartered bank.

Committee: Senate Banking and Insurance

Summary: The committee first took up SB 794, as amended by a late-filed strike-all, which would require a human being to make insurance claim denial decisions and prohibit artificial intelligence from being the sole basis for a denial. The sponsor said the bill was intended to preserve human oversight while allowing innovation in claims processing. Public testimony included support from the Florida Insurance Consumer Advocate and the Florida Medical Association, along with one speaker urging additional protections for homeowners. The committee adopted the strike-all and reported SB 794 favorably with committee substitutes. Members then heard SB 134, which removes the $500 threshold on the sales tax exemption for bullion, making sales of gold, silver, and platinum bullion fully exempt and eliminating certain dealer documentation requirements. Supporters argued the change would reduce a regressive tax and help consumers preserve savings; the sponsor estimated a revenue impact of about $300,000. The bill was reported favorably. The committee also adopted a strike-all on SB 888, which directs the Office of Insurance Regulation to create a more consumer-friendly homeowners insurance website with premium comparison information, market data, rate filing access, and educational resources. The sponsor and Leader Boyd said the goal was to improve transparency and help consumers navigate a stabilizing market. SB 888 was reported favorably with committee substitutes. The final bill heard was SB 1578, covering mammograms and supplemental breast cancer screenings. The sponsor said it would expand coverage requirements in ACA plans and private insurance policies, including annual mammograms for women ages 40 to 50 and supplemental screening coverage, while noting Medicaid already provides these services. The Florida Insurance Consumer Advocate waived in support, and the bill was reported favorably. After the bills, the committee held a lengthy panel discussion on gold and silver as legal tender and transactional money, with testimony from officials from Utah and Florida, industry representatives, and advocacy groups. Panelists discussed constitutional authority, consumer protections, depository oversight, taxation issues, and possible transactional platforms for precious metals. No further action was taken after the discussion, and the committee adjourned.