Transcript Highlights:

• I'm Ashley Urisman with the American Fintech Council, and we support this bill. Thank you.
• I'm Ashley Urisman with the American Fintech Council, and we support this bill. Thank you.
• Ashley Eursman with the American Fintech Council. We submitted a letter in opposition.

Summary: The Assembly Banking and Finance Committee met to hear several bills focused on consumer and small business financial protections. SB 97, by Senator Grayson, would update and clarify California’s digital financial assets law; supporters from the blockchain industry and consumer groups said it would improve compliance clarity while preserving room to align with possible federal action. The committee passed SB 97 on a due-pass motion to the Privacy and Consumer Protection Committee, with the roll left open for absent members. The committee also heard SB 362, which would strengthen disclosure rules for small business financing by requiring clearer pricing information throughout the marketing process. Supporters said the bill would help small businesses compare offers and avoid harmful financing, while some industry groups objected to the bill’s treatment of communications and APR disclosures during negotiations. After discussion, the committee passed SB 362 to the Judiciary Committee, with several members voting aye and the roll left open. SB 784, a bill addressing predatory home-improvement and solar financing practices, drew extensive testimony. The author and supporters described scams targeting seniors, low-income homeowners, and non-English speakers, and said the bill would add safeguards such as confirmation calls, document access, fee transparency, and longer cancellation periods. Solar industry groups moved to neutral after amendments, while banks and other lenders raised concerns about overbreadth and impacts on legitimate lending. The committee passed SB 784 to Judiciary, with some members not voting or changing votes during the roll call. Finally, SB 825 sought to give the Department of Financial Protection and Innovation clearer authority to enforce existing consumer financial protection laws against its licensees, especially in light of reduced federal CFPB enforcement. Supporters argued California needs independent state enforcement tools, while banking and mortgage groups opposed the bill as duplicative and unnecessary, urging coordination with federal regulators and proposing narrower amendments. The committee passed SB 825 to Appropriations on a due-pass vote, and then adjourned after completing the agenda.

Transcript Highlights:

• It's this FinTech, this financial technology product that takes a new turn, and our concern anytime when
• An organization representing FinTech companies, including several leading providers of earned wage access
• We show you as registered as Ashley Yman on behalf of American Fin Tech Council, the American FinTech
• Council, FinTech Council, and you're testifying for the bill.
• I'm the director of state government affairs for the American FinTech Council, or AFC.

Transcript Highlights:

• business owner, developing new tech ag through Oxford University, where I worked in what we call fintech—financial
• Fintech—financial technology solutions for things like Ethereum, Bitcoin, and so forth, and how you transfer
• the new tech career development certifications, from master certification in grants administration, fintech

Keywords: 1204, all

Summary: The committee first approved the minutes from its October 27 meeting and then heard testimony on the economic and practical effects of Arkansas’s raw milk law, Act 698. Clinton Ballard of Milk and Honey Hill Farm said the law allowed his family farm to expand from 8 to 12 cows, serve about 150 families, add retail sales of raw cheese, and increase annual sales by roughly $50,000. He argued that raw milk production supports small farms, improves food security by keeping milk production in-state, and should be paired with optional state inspection and certification so producers could access USDA grants and other value-added opportunities. Committee members asked about herd management, safety practices, labeling, consumer education, and whether a voluntary inspection system could be created without leading to more regulation. Ballard said his farm follows sanitary practices, chills milk quickly, uses educational materials for customers, and has not had any reported illnesses among customers. Members also discussed broader concerns about raw milk safety, including E. coli, sick animals, and whether state agencies should provide more guidance or training. Several lawmakers expressed support for consumer choice and for small producers, while others emphasized the need for clear standards and accountability. The discussion also touched on the decline of commercial dairies in Arkansas, the role of the health department, and whether state certification would be limited to in-state sales. The committee then heard a lengthy presentation from Terence Bolden of TLB Enterprises on hydroponic and container-based agriculture as a response to food insecurity and workforce needs. Bolden described retrofitted shipping containers that can grow produce year-round with low water use, and said the model could be paired with career and technical education, drones, robotics, and agribusiness training in schools and communities. He said pilot projects are underway or planned with the Little Rock School District, Southwest High School, UAPB, and other partners, and estimated that five regional hubs could have significant economic impact while creating jobs and reducing food deserts. Members asked about target communities, costs, energy needs, crop types, and how the model would work in rural areas; Bolden said the approach is a public-private partnership intended to support local farmers, schools, and community food access. No votes were taken on Bolden’s proposal, and the meeting adjourned after questions concluded.

Transcript Highlights:

• business owner, developing New Tech Ag through Oxford University, where I worked in what we call fintech
• the new tech career development certifications, from master certification in grants administration, fintech
• new tech career development certifications from master certification in grants administration of fintech

Summary: The committee approved the minutes from its October 27 meeting and then heard testimony on the economic and regulatory effects of Arkansas’s raw milk law, Act 698. Clinton Ballard of Milk and Honey Hill Farm said the law helped his family farm expand from 8 to 12 cows and from serving about 75 families to about 150, increasing sales by roughly $50,000 and allowing about $10,000 in raw cheese sales through retail outlets. He argued the law supports small-farm income, food security, and local processing, but said state health agencies still do not inspect raw milk producers unless they sell to a commercial buyer, which he said limits access to USDA grants and other opportunities. He and members discussed safety practices, including rapid chilling, sick-animal removal, sanitation, customer education, and whether any optional state certification or inspection program should be created without adding burdensome regulation. Members asked about herd management, bee production, market channels, and whether raw milk producers should receive training or certification. Ballard said his farm uses Jerseys, removes sick cows from production, sells on-farm and through retail locations, and relies on best-practice guidance from groups such as the Weston A. Price Foundation and the Raw Milk Institute. Several members expressed support for consumer choice but also raised concerns about food safety, especially for children and pregnant women, and about possible “mission creep” if the state creates a voluntary inspection or training system. The discussion ended without any vote or formal action on the raw milk issue. The committee then heard a lengthy presentation from Terrence Bolden of TLB Enterprises on hydroponic and container-based farming as a response to food insecurity, food deserts, and workforce needs. Bolden described a three-year career and technical education model using retrofitted shipping containers to grow food year-round with low water and energy use, paired with training in drones, robotics, agribusiness, and entrepreneurship. He said pilot projects are underway or planned with UAPB, the Little Rock School District, and other partners, and projected that five regional hubs could create significant economic impact and multiple jobs per container. Members asked about costs, target communities, school partnerships, food desert locations, and whether the model could include aquaponics or protein production; Bolden said the program is intended as a public-private partnership and that the committee could tour a container site once it is operational. The meeting adjourned after the presentation and questions.

Transcript Highlights:

• There, I advise banks, financial services providers, and fintechs, as well as working with consumer advocates
• focused on data governance and management, artificial intelligence, data privacy, and kind of the fintech

Keywords: 993, senate, all

Summary: The Senate Banking Committee met for its first meeting of the session, with Chair James Sanders Jr. and Ranking Member George Borrello opening the hearing and noting a collaborative approach to committee work. The committee first considered and advanced several bills: S.114, which would prohibit state-chartered banks from investing in or financing private prisons; S.2040, which would require money transmitters to provide a consumer warning; S.5473, which would require disclosures in advertisements involving virtual tokens; and S.8406, Sanders’ bill to amend the community bank deposit program. Each bill was moved and approved by committee, with S.8406 passing unanimously. The committee then heard from Caitlin Azar, Acting Superintendent of the Department of Financial Services (DFS), who outlined her background and DFS priorities. She emphasized affordability, consumer protection, stability, and innovation, and discussed DFS-led initiatives in the governor’s budget, including Banking Development Districts, non-bank mortgage CRA regulations, CDFI investment guidance, and consumer restitution. She also said DFS plans to issue buy-now-pay-later regulations in February, expand student lending protections and borrower education, and continue work on insurance affordability, including auto and homeowners insurance reforms, anti-fraud efforts, and discounts tied to telematics, dash cameras, and safe-driving courses. Members questioned Azar about the balance between regulation and access, especially in crypto, buy-now-pay-later, and insurance markets. She said DFS aims to preserve competition while preventing discriminatory or excessive practices, and described existing oversight of virtual currency, including coordination with federal regulators. Another member asked about AI in auto insurance underwriting and pricing; Azar said DFS requires transparency, bias review, governance controls, and consumer recourse, and that credit scores cannot be used to deny or increase rates. The chair also raised concerns about foreclosure in Southeast Queens, improving BDD paperwork and data collection, and increasing the number of state-chartered credit unions. Azar said DFS is working on process improvements, community input, and maintaining open communication with the committee, but no additional votes or formal actions were taken during the DFS hearing.

Transcript Highlights:

• It's this fintech, this financial technology product that takes a new turn, and our concern when you're
• Head of Government Affairs for the Financial Technology Association, an organization representing fintech
• We show you as registered as Ashley on behalf of the American Fintech Council, and you're testifying
• The American FinTech Council, or AFC, I'm here today in support of HB2043.

Bills: HB1453, HB1718, HB2043, HB2207, HB2798

Keywords: local governments, anticipation notes, certificates of obligation, public works, flood control, financial management, local government, municipal financing, private activity bonds, closing definition, real estate finance, bond issuance, government regulation, bond election, general obligation bonds, GO bonds, political subdivision, city bonds, county bonds, school district bonds

Transcript Highlights:

• These tricky tactics have generated enormous profits for the fintech companies behind the apps, and those
• enormous profits for the fintech enormous profits for the fintech companies<01:23:40.000> behind
• We are blaming the fintech companies for exploiting people who are struggling like you just did a great
• We are blaming the fintech the victims.
• It's all like fintech apps don't get created because they don't make a lot of money on the people who

Bills: HF2400, HF1724, HF3437, HF4333, HF2874, HF4052

Keywords: real estate, appraisers, disciplinary actions, sanction matrix, Minnesota Statutes, direct primary care, healthcare agreements, medical services, patient care, health insurance, mortgage fees, residential loans, commercial loans, finance regulations, investment properties, insurance, supplemental health insurance, short-term care, home health care, nursing care

Transcript Highlights:

• FinTech—that's kind of a more narrow version of financial services—but specifically we're leaning in
• on FinTech.
• That's kind of a more narrow version of that, financial services, but specifically we're leaning in on fintech

Keywords: 985, all

Transcript Highlights:

• and see, there's a notable increase in the last several years and anticipated into the future of fintech
• So with both the trust company, the increase in the trust companies, and increasing fintech industry
• So with both the trust company, the increase in the trust companies, and increasing fintech industry
• So with both the trust company, the increase in the trust companies, and increasing fintech industry
• obviously with all these large fintech obviously with all these large fintech compan<00:09:59.360

Keywords: 928, house, all

Summary: The committee first heard the Banking Department’s fiscal year 2026-2027 budget presentation from Commissioner Amelia Galeri. She described the department as a self-funded consumer protection regulator overseeing two main areas: the Banking Trust Division, which supervises state-chartered banks, credit unions, and trust companies, and the Consumer Credit Division, which oversees more than 7,000 licensees including mortgage and money transmitter businesses. She said the department’s budget is about 86% salaries and benefits, with 53 positions all filled, and explained that the agency funds itself through fees, fines, and end-of-year assessments on regulated entities. Galeri said the department is facing workload growth from several directions: continued growth in the trust industry, increased fintech supervision, and a new requirement to regularly examine auto dealers that take finance applications, which adds about 300 exams over two fiscal years. She said the department was directed to flat-fund its budget based on 2025 levels but was allowed to increase travel and training. To stay within that limit, she said the department reduced office space, went paperless, converted administrative and licensing positions into examiner positions, and expects to defund an embedded DOJ database administrator position once a new SharePoint system is fully implemented. Members asked about how the department’s revenue and assessments work, including whether fees were increasing and how much existing banks would pay. Galeri said fees are not being raised, most banks pay little or no fines, and assessments are based largely on asset size, with trust companies paying the bulk. She also explained that fines are set by statute, generally capped at $2,500 per violation for consumer credit entities, and said she would not recommend increasing that cap. The committee then voted to accept the Banking Department’s budget proposal as presented in HQ1, with a motion and second and no discussion. The transcript then moved to the Department of Energy budget. Commissioner Jared Chakin and Chief of Operations Lenny Radio discussed federal program funding, including LIHEAP fuel assistance and weatherization. They said the apparent drop in fuel assistance funding from FY 2024 actuals to the budgeted amount is due to the loss of ARPA and CARES Act supplemental funds, while weatherization remains a federally constrained program with a waiting list and limited flexibility. Members also asked about a proposed transfer from the renewable energy fund; staff said the transfer would still allow the department to carry out its statutory duties for the year, though the committee deferred deeper discussion until House Bill 2.

Transcript Highlights:

• This bill is going to position Florida as the nation's leader in FinTech and will continue to grow our
• This bill is going to position Florida as the nation's leader in FinTech and will continue to grow our

Summary: The Insurance and Banking Committee met with a quorum and heard three bills. HB 487 would authorize the CFO and State Board of Administration to invest up to 10% of certain state funds in Bitcoin, require specified custody methods, allow Bitcoin lending under rule, and create a process for accepting taxes and fees in Bitcoin. The sponsor and several proponents argued it would diversify state investments, hedge inflation, and position Florida as a leader in digital assets. Members raised concerns about volatility, security, valuation, and whether Bitcoin was being singled out over other cryptocurrencies, but the bill was reported favorably after debate and a roll call vote. The committee then considered HB 7011, an Open Government Sunset Review measure for records of insolvent insurers. The bill would continue some exemptions but make additional records public, including underwriting files, risk-solvency assessments, corporate governance annual disclosures, and the names, benefits, and compensation of insurance executive officers. There was no public testimony, and members discussed privacy and safety concerns, but the bill passed and was reported favorably. Finally, the committee heard HB 1433 on hurricane mitigation grants and insurer regulation. The bill would tighten restrictions on former executives of failed insurers, raise capital requirements for new insurers, and require mitigation credits when homeowners receive Safe Florida Home funds. An amendment was adopted to require a licensed person to make final claim-denial decisions when AI or automation is used and to prioritize filings that lower rates. Consumer advocates supported the transparency and consumer protections, while industry representatives urged caution on the AI provisions. After debate, the amended bill was reported favorably. The meeting ended with closing remarks from the ranking member, vice chair, and chair reflecting on the committee’s work and likely final meeting of the term.

Transcript Highlights:

• register the offer or sale of securities, it also removes section four of the bill related to the fintech
• register the offer or sale of securities, it also removes section four of the bill related to the fintech

Bills: S0266, S0394, S0540, S0632, S0642, S0832, S0834, S1028

Keywords: public adjuster, contract cancellation, state of emergency, vulnerable adults, disciplinary actions, financial regulation, information security, financial exploitation, licensing, transportation, insurance, TNC, ride-sharing, automobile liability, bail bond, insurance regulation, foreign insurers, financial disclosure, premium reporting, residential property insurance

Summary: The Committee on Banking and Insurance met with a quorum and took up several bills, beginning with SB 834 on insurance requirements for nonprofit religious organizations and health care sharing ministries. The bill repeals a recent restriction on licensed insurance agents marketing or selling faith-based health care sharing programs. Supporters argued the change restores free speech and consumer education while preserving existing fraud and disclosure protections; opponents said allowing agents and brokers could create consumer confusion and has been associated with bad actors. A title amendment was adopted, and after debate the committee reported the bill favorably. The committee also heard and passed SB 642, which extends reporting and duty requirements to foreign and alien bail bond insurers, and SB 394, a technical bill updating reinsurance intermediary manager law to match current DFS practice. SB 266, which lets vulnerable adults rescind public adjuster contracts without penalty, was reported favorably after testimony from supporters in the insurance and elder law communities and a public adjuster who said the intent was good but the bill may need refinement. SB 832, a residential property insurance transparency bill requiring rate breakdown reports and a consumer resource center, also passed after discussion about consumer clarity and whether the required cost categories can be compiled as written. Later, the committee approved SB 540, which creates cybersecurity requirements for mortgage and money service businesses, closes a regulatory gap for certain investment advisers, adjusts OFR examination-payment deadlines, changes de novo charter requirements, allows virtual credit union meetings, and makes other financial regulation updates. Several amendments were adopted, including a substitute amendment removing fintech sandbox provisions. Finally, SB 1028 on Citizens Property Insurance Corporation was reported favorably after debate over a commercial lines clearinghouse intended to reduce Citizens’ exposure and shift more business to the private market; members discussed taxpayer risk, market competition, and consumer protections. The meeting ended with adjournment.

Transcript Highlights:

• Our fintech, our burgeoning fintech industry in Palm Beach County, could use this.

Summary: The Committee on Regulated Industries heard and voted on several bills. SB 986 would prohibit smoking or vaping marijuana in public places and also restrict smoking in rooms and bars; the sponsor said it is intended to protect public health and outdoor spaces, while the Florida Restaurant and Lodging Association supported the goal but raised concerns about impacts on designated smoking areas, and cannabis advocates warned about unintended effects on patients and property rights. The committee reported SB 986 favorably. The committee also passed SB 678, which restores statutory authority for DBPR’s long-standing rule allowing alcohol distributors to deduct unsellable alcohol from monthly excise taxes; a strike-all amendment was adopted, including retroactive application to January 1, 2025, and the bill was reported favorably. SB 800, which increases penalties for repeat unlicensed engineering practice and creates an engineering student loan assistance program for engineers working for state agencies and water management districts, was amended and reported favorably as well. Members then considered SB 408 on vaccine advertising and liability. The sponsor argued the bill would address declining public trust in vaccines by allowing claims against manufacturers that advertise in Florida, while opponents said the measure is preempted by federal law, raises First Amendment concerns, and would create unnecessary litigation. After extensive testimony and debate, the committee reported SB 408 favorably. The committee also heard SB 484 on data centers, which would set PSC tariff requirements so large load customers pay their own costs, preserve local planning authority, and limit water permits for large data centers; testimony was mixed, with supporters emphasizing ratepayer protections and economic benefits and critics warning about overregulation and confidentiality limits. The bill was reported favorably. Finally, the committee approved SB 1118, which creates a time-limited public records exemption for certain data center development information held by local governments, after the sponsor said it was meant to prevent extended NDAs while still allowing local notice and input. SB 1050, requiring veterinarians to provide written prescriptions so pet owners can choose their pharmacy, was also reported favorably. The meeting ended after several members recorded votes on bills they had missed.

Transcript Highlights:

• Our fintech, our burgeoning fintech industry in Palm Beach County, could use this.

Bills: S0408, S0986, S0678, S0800, S1050, S0484, S1118

Keywords: vaccine advertisement, manufacturer liability, harmful vaccine, healthcare, court action, smoking regulation, public health, vaping, marijuana, public places, Florida Statutes, alcohol distribution, tax deductions, extraordinary losses, warehouse breakage, regulatory compliance, veterinary, prescription, pharmacy, client rights

Summary: The Committee on Regulated Industries considered several bills and took final action on each. SB 986, by Senator Gruters and presented by Senator Rodriguez, would prohibit smoking or vaping marijuana in public places and in certain indoor spaces; restaurant and lodging representatives supported adding marijuana and vaping to clean indoor air rules but asked to preserve designated smoking areas on private property, while cannabis advocates warned the bill was overly broad and could affect patients and property rights. The committee voted the bill favorably. SB 678, by Senator Mayfield, would restore statutory authority for DBPR to continue allowing alcohol distributors to deduct unsellable alcohol from monthly excise tax calculations; the committee adopted a strike-all amendment and reported the committee substitute favorably. SB 800, also by Senator Mayfield, increases penalties for repeated unlicensed engineering practice and creates an engineering student loan assistance program for engineers working for state agencies and water management districts; after adopting an amendment clarifying eligibility, the committee reported the bill favorably. The committee then heard SB 408, by Senator Grall, which would create a Florida cause of action against vaccine manufacturers that advertise in the state, allowing injured individuals to sue in Florida courts. Supporters argued the bill would rebuild public trust and hold manufacturers accountable, while opponents from the Florida Justice Reform Institute, American Tort Reform Association, BIO, the U.S. Chamber Institute for Legal Reform, and several medical and business groups argued the field is largely preempted by federal law, that existing federal compensation programs already address vaccine injuries, and that the bill raises First Amendment and policy concerns. After debate focused on vaccine injury data, compensation rates, and liability, the committee voted SB 408 favorably. The committee also considered SB 484 and SB 1118, both by Senator Avila, dealing with data centers. SB 484 would preserve local planning authority, bar nondisclosure agreements that prevent disclosure of potential data center development, require the PSC to set large-load tariff requirements so data centers pay their own costs, and limit consumptive use permits for large-scale data centers absent no harm to water resources and compliance with local zoning; supporters emphasized ratepayer protection and economic development, while some witnesses urged flexibility for behind-the-meter projects and confidentiality in negotiations. The bill was reported favorably. SB 1118 would create a time-limited public records exemption for county or municipal information about data center siting and protect proprietary business information; Senator Pizzo raised concerns about how the exemption would affect disclosure of competing projects and local officials’ ability to speak, but the sponsor said he would work on clarifying the language. The committee also passed SB 1050, by Senator Calatayud, which requires veterinarians to provide pet owners with written prescriptions and information about pharmacy choice while preserving veterinary judgment and emergency dispensing authority. The meeting concluded after all bills were reported favorably and members recorded additional votes on prior items.

Transcript Highlights:

• Semiconductors and the Fintech Wise right here in Austin.

Bills: SJR36, SJR2, SB4, SR45, SR47, SR63, SR66, SR70, SR85, SCR14, SB10, SB11, SB10, SB11

Keywords: SJR 2, Senate Joint Resolution 2, constitutional amendment, homestead exemption, property tax relief, school property tax, ad valorem tax, residence homestead, school district taxes, Texas Constitution Article VIII, public school finance, homeowner exemption, elderly exemption, senior tax relief, disabled exemption, tax year 2025, voter approval, November 2025 ballot, local government, Ways & Means

Transcript Highlights:

• remarkable number, and those include world-leading companies like Shell, BP, um, semiconductors, and the FinTech

Transcript Highlights:

• business owner, developing new tech ag through Oxford University, where I worked in what we call fintech
• administration, of fantastic... ...certifications from master certification in grants administration, fintech

Summary: The committee first approved the minutes from its October 27 meeting and then heard testimony from Clinton Ballard of Milk and Honey Hill Farm about the impact of Act 698 on raw dairy producers. Ballard said the law allowed his farm to expand from one cow to 12, serve about 150 families, increase sales by roughly $50,000, and sell about $10,000 in raw cheese and other products through retail outlets. He argued the law improved farm income, food security, and local supply, and he asked for an optional state inspection/certification path for raw milk producers so they could access USDA grants and other opportunities available to licensed dairies. Committee members asked about herd management, safety practices, bee production, market channels, and whether such certification should remain voluntary; Ballard said he follows Grade A-style sanitation, chills milk quickly, removes sick cows from production, and supports optional training or inspection but not mandatory regulation. Members also raised food safety concerns, especially for children and pregnant women, and Ballard responded that raw milk producers rely on cleanliness, rapid cooling, consumer feedback, and truth in labeling. He said the health department currently inspects commercial dairies but not raw milk producers who do not sell through a cooperative, and he believed state inspection would help producers distinguish themselves and qualify for funding without changing interstate rules. Several members discussed the balance between consumer choice, safety, and possible “mission creep” if the state created a certification system. The committee then heard a lengthy presentation from Terence Bolden of TLB Enterprises on hydroponic and container farming as a response to food insecurity and food deserts. Bolden described a three-year workforce and career-technical program built around retrofitted shipping containers, drones, robotics, agribusiness, and AI, with partnerships involving schools, universities, Farm Bureau, UAPB, the Little Rock School District, and other entities. He said the model could create year-round local food production, support school cafeterias and community markets, and generate jobs and economic impact, estimating at least four jobs per container and potentially significant regional economic benefits. Members asked about costs, target communities, energy needs, crop types, and implementation timelines; Bolden said the first containers for school sites could be in place by late summer or early fall, with pilot projects already underway in Arkansas and Orlando. The meeting adjourned after no further business.

Bills: HB227, HB255, HB465, HB472, HB482, HB483, HB526, HB529, HB484

Keywords: firefighter benefits, occupational disease, line of duty, disability pension, death benefits, retirement benefits, hypertension, heart disease, respiratory disease, cancer presumption, HIV, hepatitis, municipal firefighters, state firefighters, fire districts, workers' compensation, public safety employees, post-retirement benefits, benefit eligibility cutoff, occupational illness

Transcript Highlights:

• Next, we have late testimony by the American Fintech Council on Zoom in opposition. Aloha.
• we have a late testimony by the you next we have a late testimony by the American<00:56:50.319> fintech
• c> Council<00:56:51.960> on<00:56:52.200> zoom<00:56:52.480> in American fintech
• Council on zoom in American fintech Council on zoom in opposition<00:56:54.799> Aloha<00:56:55.359

Keywords: 910, house, all

Summary: The committee heard testimony on several bills related to consumer protection, liquor regulation, construction procurement, and state contracting. On House Bill 565, DCCA and the Office of Consumer Protection stood on written testimony, and a committee member raised a question about whether creators of remains would have to hold them indefinitely if family members did not respond; the member indicated language would be fixed to address that issue. No vote was taken. House Bill 208, dealing with liquor law changes, drew strong support from Scarlet Honolulu and Maui Brewing Company, who said the measure would modernize liquor rules and add guardrails, while the Wine Institute and Anheuser-Busch opposed it as a special tax break or unnecessary expansion of liquor-related authority. Members questioned whether anonymous complaints should be allowed and whether the bill could lead to retaliation; the supporter said complaints should not be anonymous and suggested the Liquor Commission had been accused of writing complaints to target licenses. No action was taken. House Bill 939, concerning taxation of low-ABV spirits-based beverages, received support from Maui Brewing Company and Johnson Brothers, who said it would align tax treatment with existing categories and reduce confusion, while the Wine Institute and Anheuser-Busch opposed it as a narrow tax break that could reduce revenue and should instead be considered in a broader alcohol tax review. House Bill 808, on construction defect insurance or related protections for state projects, drew comments from DAGS, the State Procurement Office, and the Subcontractors Association, with the latter warning it would make state contracting harder and shrink the contractor base; the chair questioned what recourse the state has when defects appear after a project is completed. House Bill 809, addressing procurement and subcontractor-listing corrections, drew opposition from SPO, DAGS, and the Subcontractors Association, while the General Contractors Association supported it; members debated whether a 24-hour correction window would create abuse or simply allow minor ministerial fixes, and the bill’s sponsor said the goal was to reduce bid protests and procurement discretion. No votes or final committee actions were recorded in the excerpt.

Transcript Highlights:

• represents the companies that make modern commerce possible: banks, payment networks, processors, fintech
• Banks, payment networks, processors, fintech firms, and technology providers that together enable secure

Keywords: 995, all

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

Transcript Highlights:

• also have great experience in some of the operational concerns, understanding the nature of bank and fintech
• Bank in FinTech or financial technology partnerships because this will require a bank somewhere in the

Bills: HB42

Keywords: special prosecutor, state law, criminal justice, accountability, law enforcement

Summary: The committee heard Senator Flores lay out the committee substitute for HB 2894, which would expand state reimbursement eligibility for local governments disproportionately affected by the disabled veterans homestead exemption. Flores said the bill would add certain municipalities in Bell, Coryell, and Lampasas counties if lost ad valorem tax revenue equals or exceeds 10% of general revenue, while existing recipients would remain under the current 2% threshold. Lampasas and Bell County officials and the City of Killeen testified in support, describing significant revenue losses and urging adequate funding. One witness, Howard Avery, argued any reimbursement should be counted as property tax revenue for voter-approval rate purposes to avoid a windfall. The committee later adopted the substitute and reported the bill favorably, with one nay. The committee also heard SB 782, which would create a temporary severance tax exemption for restimulated inactive oil and gas wells, intended to encourage investment in mature wells. The Comptroller explained the revised fiscal note as effectively zero because the wells are currently marginal and not generating meaningful tax revenue, while industry witnesses said the bill could extend well life, support local economies, and reduce orphan-well liabilities. Public testimony was supportive, and the bill was left pending. Members then heard HB 3033, a DPS-related grant program funded by voluntary $3 donations on driver’s license and ID applications to support nonprofits aiding injured or fallen DPS officers and their families, including memorial highway signs. The DPS Officers Association supported the bill, citing existing foundation assistance and the need for a steady funding stream. The committee later reported the bill favorably. The committee also considered SB 524, which would permanently extend the franchise tax and fee exemption for qualifying veteran-owned businesses for their first five years; testimony from a veteran business owner and veterans advocates supported the measure, and the committee adopted the substitute and reported it favorably. Additional measures were laid out and left pending or voted out: HB 3594, a local San Antonio retiree health care fund bill with agreed changes for contributions, spouse benefits, and remarriage rules, was supported by stakeholders and reported favorably; HB 4738 would repeal small administrative fees tied to certain loans and was reported favorably; HB 42 on HEAF funding and HB 5246 on the Texas Space Commission were heard and left pending. The committee also reported HB 3474, a cleanup bill for the Pension Review Board’s investment performance review schedule, and HB 2802, the Austin firefighter retirement fund bill, both favorably. Finally, the committee took up HB 1056, which would allow gold and silver held in the Texas Bullion Depository to function as legal tender through debit-card transactions. Supporters framed it as a way to use hard assets and expand financial options, while bankers and some senators raised major operational, consumer-protection, tax, and constitutional questions; the bill remained under discussion as testimony began.