Transcript Highlights:

• They understand how that's going to transact.
• Just as eBay brokers the transaction between a seller and a buyer, just as Lyft or Uber brokers the transaction
• And this is an example of a credit transaction.
• Is there still not enough money in a transaction where you can exclude 6.25% from a 2% transaction fee
• The Illinois law calls for a $1,000 per transaction fine.

Summary: The Special Commission on the future of credit card payments and their impacts on small businesses heard extensive testimony from credit unions, retailers, payment industry groups, and a credit card issuer. Much of the discussion focused on proposed state laws that would limit interchange fees on the tax and tip portions of transactions, especially Illinois’s Interchange Fee Prohibition Act and similar efforts in other states. Witnesses opposing the proposals argued that interchange helps fund fraud protection, cybersecurity, rewards, and access to credit, and warned that state-by-state rules would create a patchwork that could harm state-chartered banks and credit unions, raise compliance costs, and reduce consumer access to credit. Supporters of reform argued that swipe fees are a significant burden on merchants, especially small businesses, and that current pricing is opaque and often bundled with other processor charges. Several witnesses emphasized that the current payment system provides major benefits to merchants and consumers, including security, convenience, faster settlement, online commerce, and broader access to credit. One witness from Capital One said the industry’s losses from fraud and default are substantial and that interchange helps offset those risks; he also noted that merchants already have some tools, such as surcharging where allowed and negotiating clearer processor contracts. Retail representatives and the National Retail Federation countered that small businesses are under pressure from many costs and that interchange and related fees remain a real pain point, with some urging the commission to consider reforms that would return more money to businesses without disrupting the system. There was also discussion of the recent Visa/Mastercard antitrust settlement, with industry witnesses describing it as a significant merchant win that includes temporary rate reductions, more surcharge flexibility, and the ability to decline certain card tiers. No votes were taken. The meeting concluded after all scheduled testimony was heard, with the commission chair saying the session had been productive and that the committee would continue gathering testimony and written comments before making recommendations.

Transcript Highlights:

• Transactions made by another form of payment, including credit cards, will not be rounded.
• And what that means is that when, for example, if you have a transaction that is $9.01, that transaction
• For another example, if you have a transaction... ...the nearest whole cent.
• So this would be the total amount of the transaction plus the tax... ...tax amount.
• This bill is a financial liability to hardworking citizens. Vote no and save Washington.

Summary: The committee held public hearings on several bills. HB 2140 would exempt land sold or transferred to a governmental entity from additional tax when removed from open space classification in certain circumstances. Staff explained the current use property tax system and said the bill would likely have minimal but indeterminate revenue effects, with about $30,000 in one-time Department of Revenue costs. Representative Lowe said the bill was intended to fix a niche problem where a farmer loses a small frontage strip to a county and is then charged back taxes despite no change in land use. FutureWise testified in support of the bill’s intent but asked for small language changes to ensure transferred land remains compatible with agricultural or open space use. The public hearing on HB 2140 was then closed. HB 2326 would allow a fire protection district that is partially overlapped by another district’s EMS levy to impose its own levy on the portion not already covered, subject to voter approval in the affected area. Staff said the bill would have no state general fund impact and about $28,000 in one-time Department of Revenue costs. Fire district and fire chief representatives testified in support, describing situations in Clark County and Kittitas County where most residents cannot vote on an EMS levy because a small overlapping area already has one. Opponents, including Washington Citizens Against Unfair Taxes, argued the bill would add to property tax burdens. The hearing on HB 2326 then closed. HB 2334 would require rounding of cash transactions to the nearest five cents as pennies are phased out of circulation, while leaving non-cash payments unchanged. Staff said the bill would apply to the final total after taxes and fees, with an indeterminate but minimal state revenue impact and significant Department of Revenue implementation costs. The prime sponsor said the bill was needed because the federal government ended penny production without giving states guidance. Retail and grocery groups generally supported the concept but requested amendments for clarity, consumer protection, SNAP compliance, and flexibility while pennies remain in circulation; one witness opposed the bill as another tax burden. The hearing on HB 2334 was then closed. The committee then heard HB 2100, a proposed statewide payroll expense tax on large operating companies to fund a new Well Washington Fund for higher education, health care, cash assistance, energy, and housing. Staff said the proposed substitute would apply to employers with at least 250 employees and $7 million in annual payroll, exclude certain public and health care entities, and generate substantial revenue, with the fiscal note estimating about $7.6 billion to the general fund and $4.2 billion to the new fund in the 2027–29 biennium under the revised threshold. Supporters, including poverty, housing, labor, education, disability, and faith advocates, said the bill would help offset federal cuts and protect vulnerable residents. Business, retail, hospitality, construction, and technology groups opposed it, warning of job losses, higher costs, reduced competitiveness, and broader impacts on consumers and employers. The prime sponsor said the bill was a response to federal divestment and that the state needed a progressive revenue source now; no vote was taken in the transcript.

Transcript Highlights:

• And then maintain transaction records.
• transactions are relating to the property of anybody who does transactions.
• transactions are relating and the property of anybody who does transactions.
• They do this already in every other financial institution that they're reviewing.
• You're responsible for paying taxes on those transactions.

Transcript Highlights:

• So again, as you know, many transactions are done by credit card and debit card.
• There are no chargebacks, no fraud department to reverse the transaction.
• There are no chargebacks, no fraud department to reverse the transaction.
• transactions, and accountability for operators.
• We don't just want to be a transactional institution that has people.

Committee: Senate State Affairs

Transcript Highlights:

• They're going to handle the financial transaction aspect of it, and we're going to license the actual
• And this is the largest transaction.
• They're going to handle the financial<00:12:05.120><c> transaction</c><00:12:05.600><c> aspect</c><00
• :12:06.000><c> of</c><00:12:06.160><c> it</c><00:12:06.560><c> and</c> financial transaction aspect of
• it and financial transaction aspect of it and we're<00:12:06.959><c> going</c><00:12:07.040><c> to</

Bills: SB274 , HB586 , SB274 , HB586

Committee: House Boards, Agencies and Commissions

Keywords: cannabis, psychoactive cannabinoids, CBD, delta-8 THC, delta-9 THC, delta-10 THC, criminal penalties, youth protection, medical cannabis, HB586, Cullman, Cullman County, City of Cullman, annexation, municipal boundaries, corporate limits, local legislation, boundary adjustment, city limits, municipal expansion

Transcript Highlights:

• This is an agency bill from the Division of Financial Institutions, which will bring virtual currency
• The bill requires certain disclosures before each transaction in virtual currency, such as the transaction
• It also requires written paper receipts of transactions and includes receipt content requirements.
• The bill sets maximum daily virtual currency kiosk transaction limits.
• The bill sets maximum daily virtual currency kiosk transaction limits of $1,000 for each new customer

Summary: The Senate Finance Committee met with a quorum present, approved the prior meeting minutes, and then considered a series of House bills and committee substitutes. House Bill 5438, dealing with changes to Step 7 of the school aid formula and allowable uses of certain education allocations, was amended to adopt the Education Committee’s changes and then reported to the full Senate. House Bill 4087 creating the West Virginia-Ireland Education Alliance was also reported, as was House Bill 4191, which expands child care tax credit eligibility for employer-sponsored facilities and changes subsidy payments from attendance-based to enrollment-based reimbursement; senators emphasized its workforce and economic development benefits. House Bill 5074, which reallocates medical cannabis fund balances and future revenues, was amended to increase the Child Protective Commission pilot funding from $3 million to $5 million and remove proposed ibogaine research funding for Marshall and WVU before being reported. House Bill 5353, regulating virtual currency kiosks and money transmission licensure, and House Bill 5527, creating licensure and oversight for wellness reimbursement program administrators, both received strike-and-insert amendments and were reported. House Bill 5687, which phases down the metallurgical coal severance tax and adds a temporary oil and gas tax reduction with county/municipal revenue adjustments, was amended and reported. House Bill 4418, creating an electronic system for municipal business and occupation tax filing and collection with a 1% administrative fee and a participation threshold, was also reported. The committee then took up House Bill 4245, the Revenue Rules Bundle, which bundles 26 legislative rules from the Department of Revenue and related agencies. The bundle included alcohol, banking, insurance, racing, and tax rules, with several sunset extensions and repeals of outdated rules; the committee adopted a strike-and-insert amendment affecting a lottery consumer protection rule and a pre-need cemetery company rule, then reported the bill. House Bill 5168, providing a $12 million lottery-funded stream for emergency medical services, was amended to clarify the uses of the funds, rename one fund, require a 30% county match for mental health treatment spending, and create two additional county-based EMS funds; senators described it as a needed permanent funding source for EMS, and it was reported. Throughout the meeting, members generally supported the measures, with some discussion on technical details, funding allocations, and the impact of the bills on local services and workforce needs. At the end of the meeting, the chair announced that Senate House Bills 4004, 4006, and 4009 would not be taken up that day, and the committee adjourned.

Transcript Highlights:

• Representative, who would be financially responsible for these elections?
• You can see 1,500,017 transactions in 2023.
• What do you think the percentages are of what actual cash transactions are?
• “The percentages, cash payments were 4.7% of all transactions in the county.” “Yes, and so, Mr.
• So 4.7% of all transactions were cash transactions.

Bills: HB3310 , HB4311 , HB3841 , HB3024 , HB3075

Committee: House General Government

Summary: The committee met for its first General Government meeting of the second part of session and laid over several agenda items, including bills listed as numbers 3, 4, and 10. HB 3310, the Government Accountability and Budget Transparency Act, was presented as a procurement accountability measure to strengthen oversight, efficiency, and timely payment to private vendors doing business with the state. After brief questioning about whether late payment is a widespread problem, the committee voted 8-0 to pass the bill. HB 431, which would increase the treasurer’s share of the unclaimed property administration fee from 4% to 6%, was presented as necessary to cover higher operating costs such as salaries and IT. The author emphasized that the change would not cost taxpayers anything or reduce the amount returned to owners of unclaimed property. The committee approved the bill after questions about long-term impacts on the unclaimed property fund. The most extensive discussion centered on HB 3841, a major reform of tax increment financing (TIF). The author said the bill would not ban TIFs but would require voter approval, separate consent from affected taxing jurisdictions, more transparency, annual training for review committees, independent legal and financial opinions, and economic impact studies. Members raised concerns that the bill’s wording—especially the “majority of the eligible voters” language and removal of executive-session confidentiality—could make TIFs impractical or eliminate trade-secret protections, and they also questioned costs and effects on economic development. At the author’s request and with committee support, the bill was laid over for further work. The committee then passed HB 3024, which creates statutory limits and oversight for state employee pay increases and bonuses, including a 10% cap unless higher amounts are approved through cabinet secretary/OMES procedures. Supporters said it would add transparency and curb large, unreported raises, while questions focused on whether it would help address broader pay disparities. Finally, HB 3075, as amended by a PCS, was presented to authorize rounding cash transactions to the nearest nickel for state agencies and local governments in response to the practical disappearance of pennies. The committee approved that bill as well, and the meeting adjourned with plans to reconvene the following week.

Transcript Highlights:

• follows the policyholder, not the transaction.
• those sorts of transactions allow insurers to move blocks of business to a new company.
• We have an independent financial audit every year.
• Is that a financial transaction?
• To testify to allow those sorts of transactions to go through.

Committees: House Insurance , House Insurance and Banking

Transcript Highlights:

• It requires kiosk operators to register with OFR, Office of Financial.
• Customers to be displayed on the machine before a transaction.
• It requires refund protections for first-time transactions involved.
• This is the future. ...of fraudulent transactions should only decrease from there.
• handful of transactions.

Summary: The committee first took up SB 1236, which would condition state economic development incentives on employers at subsidized companies using secret-ballot union elections and prohibiting neutrality agreements. The sponsor said the bill is meant to protect workers and taxpayer dollars, and he noted he would amend the Attorney General enforcement language to allow appeals. Supporters argued it protects secret ballots and transparency, while opponents said it is a form of union-busting, could conflict with federal labor law, and would burden contractors and workers. After debate, the committee reported the bill favorably on a roll call vote, with Senators Bracey Davis, Smith, and Errington voting no and the remaining recorded votes in favor. The committee then heard CS/SB 198, which regulates cryptocurrency kiosks to combat fraud, especially against seniors. The bill requires kiosk registration, fraud warnings, blockchain analytics, transaction limits, receipts, and refund protections for certain first-time transactions involving non-U.S. wallets. Supporters from consumer and senior advocacy groups said the bill would help stop widespread scams, while one industry witness praised the bill’s fraud protections but suggested narrowing the daily limits and new-customer period. The committee reported the bill favorably by roll call vote. Next, the committee considered CS/SB 1356 on dog breeding, pet sales, and breeder registration. The sponsor described it as a work in progress aimed at ending inhumane breeding conditions, improving consumer disclosures, and creating breeder standards and penalties; an amendment removed state oversight of local animal shelters. Pet store representatives supported many animal welfare provisions but objected to the three-day financing waiting period, shelter-space requirements, expanded reimbursement, and litigation exposure. Animal welfare supporters backed the bill, and the committee reported it favorably. The committee also heard SB 1722 on app stores and minors’ access to apps. The bill requires age verification, parental consent for minors, notice of app changes, and enforcement by the Department of Legal Affairs. Supporters said it would better protect children online and help enforce existing age-based restrictions, while opponents warned it could require overcollection of personal data, create privacy and constitutional problems, and duplicate tools parents already have. After debate, the committee reported the bill favorably. Finally, the committee took up CS/SB 422, which would bar use of ADS-B aviation data to calculate or collect certain airport fees, with an amendment adding departures to the covered activities. A pilot supported the bill as a safety and privacy measure, while airport advocates opposed it, saying it would undermine airport finances and force less efficient fee collection methods. The transcript ends during testimony on this bill, before final action is shown.

Transcript Highlights:

• I work for the Division of Financial Management.
• I work for the Division of Financial Management.
• I work for the Division of Financial Management.
• Now this language ties it to transactions, which basically means that a person is tied to their one transaction
• That's like one transaction a day.

Committee: House Resources and Conservation

Transcript Highlights:

• if that bank sees a nefarious transaction occurring.
• They don't transact with a bank. There's no transaction between the kiosks and a bank.
• They've got—they look at transactions and put freezes on them.
• We need to stop the financial bleeding.
• Legitimate transactions are not unfairly frozen or delayed. You're recognized?

Summary: The committee met with a quorum and heard five bills. HB 1097 would rename the Florida Catastrophic Storm Center at FSU as the Florida Center for Excellence in Insurance and Risk Management, transfer the public hurricane loss projection model from FIU to FSU, and provide recurring and nonrecurring appropriations to support independent insurance research and collaboration with OIR and other universities. Members discussed university roles, model oversight, independence from industry funding, and student/workforce benefits. The bill passed favorably on a roll call vote. HB 319 would create a regulatory framework for virtual currency kiosk businesses, requiring registration with the Office of Financial Regulation, consumer disclosures, and penalties for violations. Much of the discussion focused on fraud prevention, especially for seniors, and whether the bill should include transaction caps or stronger recovery tools; AARP supported the bill but urged additional protections. The bill passed favorably. CS/HB 385 made technical changes to the Florida Trust Code and Community Property Trust Act, including decanting, trustee claims, redemption by satisfaction, and homestead transfer treatment; an amendment conforming to the Senate version was adopted, and the bill passed favorably. CS/HB 97 would allow service of process for exploitation injunctions against unascertainable scammers through the same communication method used to contact the victim, such as text or social media, and would let courts freeze funds temporarily while the matter is heard. Testimony from elder law practitioners and AARP supported the bill as a tool against scams, while some members raised due process and overreach concerns; the bill passed favorably. HB 839 would shorten the overpayment recovery window for claims submitted to psychologists and HMOs to match other health providers, with the goal of improving parity and access to mental health care; an amendment was adopted, and the bill passed favorably. The meeting concluded with adjournment after the final roll call votes.

Transcript Highlights:

• </c> said, we do address the financial said, we do address the financial trade-offs<01:31:07.920><c>
• </c> collecting on real estate transactions collecting on real estate transactions to<02:10:26.639><c
• </c><02:14:08.639><c> in</c> recording real estate transactions in recording real estate transactions
• Is the volume of real estate transactions increased? Real estate transactions have increased.
• </c> firearm owners, or transactions. firearm owners, or transactions.

Transcript Highlights:

• </c><00:14:29.279><c> uh</c> faced job loss and financial uh faced job loss and financial uh difficulty
• </c> until she regained financial stability. until she regained financial stability.
• </c> monthly uh fee until her financial monthly uh fee until her financial situation<00:14:45.519><c>
• That's not a zero-sum transaction.
• </c> not a zero sum transaction. not a zero sum transaction.

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

Committee: House Commerce Finance and Policy

Transcript Highlights:

• I’m the president of James Murphy, the House Chair from the Committee on Financial Services.
• the first meeting, an organizational meeting today, regarding the future of payments and sales transactions
• This is a special initiative commission to study the future of payments and sales transactions by credit
• Hi, my name is Andrew Labadini, and I’m the Assistant Attorney General in the Insurance and Financial
• I’m Chief of Financial Services in the House’s office. Welcome.

Summary: The House and Senate chairs opened the first organizational meeting of the special commission created by Chapter 238 of the Acts of 2024 to study the future of payments and sales transactions by credit card and the impacts on small businesses. They explained that the commission’s charge includes reviewing payment trends, cashless transactions, credit card fees, mobile payments, buy now/pay later financing, the costs to small businesses of accepting different forms of payment, and the impact of Section 28A of Chapter 140D. No testimony was taken at this first meeting; it was intended to introduce commission members, outline the process, and begin planning future hearings and a final report with recommendations or options for the Legislature. Members discussed possible hearing topics, including business and consumer impacts of credit card fees, surcharges, and gratuities; the legal and regulatory landscape; and policy considerations such as transparency, reporting requirements, and possible limits on fees. Several members supported the commission’s scope and noted the issue’s timeliness, citing the growth of cashless transactions and the burden of swipe fees on retailers and restaurants. One member suggested the commission also consider cryptocurrency in transactions, and another raised the possibility of holding hearings outside the State House to improve access for small businesses around the state. The chairs said the first public hearing is tentatively set for April 8 in Gardner Auditorium, with additional hearings to be scheduled depending on interest and sign-ups. They said testimony may be offered in person, online, or in writing, and that written testimony will be part of the record. The commission also encouraged members and interested parties to suggest experts, topics, and report formats as the study develops. The meeting ended with a motion to close and an affirmative vote to adjourn.

Transcript Highlights:

• It can include financial information from purchases.
• This is about financial elder— ...to present AB 871. This is about financial elder abuse.
• And I think it also depends on if it's a financial institution to another financial institution versus
• Twenty-eight years is in financial industries.
• It's the highest expense to every financial institution.

Committee: House Judiciary

Transcript Highlights:

• Colleagues, this is about financial elder abuse, and I think we all have a story or we know people who
• It will strengthen protections against elder fraud and financial crimes by ensuring financial institutions
• By requiring reporting of suspected financial abuse and fraud to appropriate federal entities dedicated
• While financial institutions are mandated reporters for suspected elder financial abuse, building a case
• is going to be critical to help for our clients who have been victimized because it requires the financial

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:

• For many Texas students and their families, that's a serious financial burden.
• Give them the freedom to choose what's best for their future and ease the financial strain.
• This office is authorized to coordinate with the Financial Crimes Intelligence Center.
• less than 2% of the education... ...budget, hardly justifying the social costs of addiction and financial
• It gives people a false sense of hope when they are many times financially desperate. and I think that

Bills: SB835 , SB3070 , SB22 , SJR59 , SB926 , SB1494 , SB251 , SB456 , SB500 , SB1307 , SB2615 , SB2995 , SB2321 , SB973 , SB974 , SB865 , SB506 , SB781 , SB1522 , SB1558 , SB510 , SB667 , SB763 , SB2073 , SB1858 , SB1660 , SB505 , SB2900 , SB1433 , SB1540 , SB1964 , SB1300 , SB1644 , SB2217 , SB2373 , SB2431 , SB1758 , SB2480 , SB3039 , SB3047 , SB3073 , SB2920 , SB2781 , SB826 , SB766 , SB2460 , SB527 , SB1946 , SB2885 , SB1243 , SB2610 , SB2595 , SB857 , SB37 , SB8 , SB10 , SB227 , SB261 , SB12 , SB15 , SJR27 , SB552 , SB835 , SB3070 , SB22 , SJR59 , SB25 , SB57 , SB127 , SB293 , SB441 , SB3059 , SB512 , SB241 , SB1718 , SB140 , SB2055 , SB2075 , SB2018 , SB1534 , SB1567 , SB785 , SB1233 , SB1580 , SB1663 , SB413 , SB447 , SB519 , SB467 , SB1579 , SB1191 , SB1021 , SB1838 , SB2807 , SB2835 , SB546 , SB2121 , SB2167 , SB2035 , SB2024 , SB1032 , SB1049 , SB1266 , SB1400 , SB1302 , SB401 , SB1596 , SB1281 , SB1242 , SB1343 , SB310 , SB1346 , SB2753 , SB2703 , SB2221 , SB1719 , SB2177 , SB800 , SB790 , SB748 , SB571 , SB1957 , SB1923 , SB1896 , SB1760 , SB1335 , SB2368 , SB2477 , SB2587 , SB2972 , SB2986 , SB2965 , SB1563 , SB1467 , SB1164 , SB1137 , SB614 , SB705 , SB961 , SB918 , SB955 , SB869 , SB850 , SB863 , SB1610 , SB1055 , SB2206 , SB457 , SB2337 , SB1362 , SB926 , SB1494 , SB251 , SB456 , SB500 , SB1307 , SB2615 , SB2995 , SB2321 , SB973 , SB974 , SB865 , SB506 , SB781 , SB1522 , SB1558 , SB510 , SB667 , SB763 , SB2073 , SB1858 , SB1660 , SB505 , SB2900 , SB1433 , SB1540 , SB1964 , SB1300 , SB1644 , SB2217 , SB2373 , SB2431 , SB1758 , SB2480 , SB3039 , SB3047 , SB3073 , SB2920 , SB2781 , SB826 , SB766 , SB2460 , SB527 , SB1946 , SB2885 , SB1243 , SB2610 , SB2595 , SB857 , SCR9 , HB5560 , HB762 , HB 107 , HB 114 , HB300 , HB138 , HB4386 , HB2495 , HB581 , HB3348 , HB5323

Keywords: sexual abuse, nondisclosure agreements, confidentiality agreements, public policy, victim rights, lottery, bingo, regulation, Texas Lottery Commission, Department of Licensing and Regulation, criminal offenses, state administration, audits, transfers, Texas, moving image industry, incentive program, film production, grant funding, job creation

Transcript Highlights:

• We talked about that financial security.
• Then I was, let’s see, you talk about speeding up the transactions. The speed of the transaction...
• It’s, you talk about speeding up the transactions.
• The speed of the transaction is not slow because ACH is slow.
• It’s within seconds that you complete that transaction.

Committee: Senate State Affairs

Transcript Highlights:

• But we know the majority of the sales of homes are not cash transactions.
• in the market, being in this space, home inspectors are not used on every transaction.
• But a home inspector is a completely different person that you don't need on a transaction.
• There's going to be, with cash transactions, when there is no home inspector.
• There's going to be with cash transactions, when there is no home inspector. Let's do this.

Committee: Senate Regulated Industries

Summary: The Committee on Regulated Industries heard and advanced several bills, with the most extensive discussion centered on condominium issues, gambling enforcement, and public safety. CS/SB 592 on the My Safe Florida Condominium Pilot Program was amended to clarify the three-story eligibility threshold and to add sliding glass door wind-driven rain mitigation devices as an eligible improvement. A late-filed amendment to appropriate $500 million for the program failed on a 3-4 roll call vote, and the bill was then reported favorably. Members also took up CS/SB 1742, a broad condominium and cooperative association reform bill, which would give associations more flexibility on reserves after milestone inspections, require substitute budgets over certain spending increases, improve disclosure and conflict-of-interest rules, expand data collection, and extend some disclosure rescission periods; the committee adopted an amendment and reported the bill favorably. The committee also approved CS/SB 622 on pari-mutuel permit leasing, as amended to allow leasing to same-class permit holders or Hialeah permit holders and to make related wagering licenses discretionary rather than automatic. SB 1404 on illegal gambling was reported favorably after amendments allowing veterans organizations to seek declaratory rulings on machine compliance and adding ethics/revolving-door restrictions for Gaming Commission personnel; a late amendment concerning a Miami casino property was withdrawn. Testimony on that bill came from prosecutors, the Gaming Control Commission, veterans groups, and amusement machine operators, with supporters emphasizing organized crime enforcement and opponents seeking clearer definitions and compliance guidance. On public safety and infrastructure, SB 1682 to include 911 dispatchers in the definition of first responder was reported favorably with strong support from dispatchers and committee members. SB 818 on utility relocation and SB 1228 on spring restoration were also reported favorably, with counties opposing the utility bill as a taxpayer cost shift. SB 948 on flood disclosures for rental properties and condominium sales/rentals was reported favorably after support from environmental and flood advocacy groups. The committee also heard SB 604 on residential pool safety requirements, but the chair temporarily postponed it after concerns were raised about how the inspection requirement would work in cash transactions and whether it would require permits or delay closings.

Transcript Highlights:

• They understand how that's going to transact.
• Just as eBay brokers the transaction between a seller and a buyer, just as Lyft or Uber brokers the transaction
• And this is an example of a credit transaction.
• Is there still not enough money in a transaction where you can exclude 6.25% from a 2% transaction fee
• The Illinois law calls for a $1,000 per transaction fine.

Summary: The Special Commission on the future of payments and sales transactions by credit card heard extensive testimony from credit union, banking, retail, restaurant, and payments-industry representatives about proposals to limit interchange fees, especially on the tax and tip portions of transactions. Several witnesses opposed state-level restrictions, arguing they would create a patchwork of rules, burden state-chartered institutions, raise compliance complexity, and ultimately reduce resources for fraud prevention, cybersecurity, rewards, and access to credit. Others, including retail and merchant advocates, said swipe fees are a significant and growing cost for small businesses and that states should consider reforms such as limiting fees on taxes and tips, allowing surcharging, improving transparency in merchant contracts, and studying collection costs more closely. Witnesses also discussed recent legal and regulatory developments, including Illinois’s interchange-fee law, OCC and NCUA interim rules, and the ongoing Visa/Mastercard antitrust settlement. Industry representatives said the Illinois law has been delayed and is likely preempted for most transactions, while merchant advocates argued the state efforts and court rulings show that networks and banks do not set fees competitively. The proposed antitrust settlement was described by some as a meaningful but limited merchant victory, with temporary fee reductions and expanded surcharge/steering rights, while others said it still falls short of structural reform. The commission members pressed witnesses on the practical effects of fees, the cost of cash, whether merchants can pass costs through, and whether small businesses are actually seeing benefits from the current system. Members repeatedly emphasized the need for a fair middle ground that protects both small businesses and the payment system. No substantive votes or policy actions were taken beyond accepting testimony, and the meeting ended with adjournment after all scheduled witnesses had spoken.