Transcript Highlights:

• The Assembly Banking and Finance Committee is now called to order.
• We like to be as efficient as possible in banking and finance.
• We like to be as efficient as possible in banking and finance.
• settlement as an appointed member of the CFPB's Consumer Advisory Board and as a lender at a fintech bank
• The Assembly Banking and Finance Committee is adjourned. Thank you. Thank you. Thank you.

Summary: The Assembly Banking and Finance Committee met as a subcommittee at first because a quorum was not yet present, then proceeded with bill presentations and later formal votes once enough members arrived. The chair reviewed committee procedures, including how to submit written testimony and rules for witnesses and conduct. The agenda included AB 771, AB 1507 on the consent calendar, and AB 1166. AB 771 by Assemblymember Massetto was presented as a technical fix to California’s Uniform Commercial Code. Supporters said it would allow a mortgage or deed of trust to serve as a fixture filing without requiring an exact match to the debtor’s ID, reducing duplicate filings, fees, and administrative burdens. There was no formal opposition, and the committee voted due pass. AB 1507 was then adopted on the consent calendar with a due pass recommendation. AB 1166 by Chair Valencia addressed debt settlement protections for small business commercial financing recipients by extending existing California debt settlement standards from consumer loans to business loans. Supporters, including the Responsible Business Lending Coalition and several financing providers, said the bill would curb harmful practices and align incentives, while still allowing debt settlement services. Members asked about the private right of action and statutory damages, and the bill was approved due pass. The committee later reopened the rolls for absent members, recorded additional aye votes, and adjourned after completing the agenda.

Transcript Highlights:

• This division is responsible for examining and regulating Missouri's 191 state-chartered banks.
• So we're bound by the banking industry to cover, if we still have a note on my house, I had to carry
• Those are currently now being banked offshore.
• So the request to the governor to increase the amount of fees to non-bank lenders did not get in his
• And 75% of our agency, both from FTE and expenditures, is for bank oversight.

Keywords: 959, house, all

Transcript Highlights:

• We do it with land banks, but we don't do it when it comes to water.
• We do it with land banks, but we don't do it when it comes to water.
• And that's what AB 399 was meant to do with my blue carbon banks.
• So this group is working, again, to create a nonprofit seed bank.
• So this group is working, again, to create a non-profit seed bank.

Summary: The hearing of the Select Committee on Sea Level Rise and the California Economy focused on infrastructure, pollution, climate resilience, public health, access, and economic impacts of sea level rise in California, with an emphasis on San Diego and the Bay Area. Chair Tasha Boerner Horvath opened by describing the committee’s purpose, the state’s sea level rise action planning, and the need for better monitoring and early warning systems. She also referenced her prior bills AB 66 and AB 72, which supported Scripps research on coastal bluff collapse warning capabilities. Assembly Members David Alvarez and Jessica Caloza later joined and emphasized that sea level rise affects not only coastal communities but inland areas as well, and that the issue should inform future legislative and budget decisions. In the first panel, Dr. Mark Merrifield of Scripps Institution of Oceanography described observed sea level rise of roughly 0.8 to 0.9 feet since the early 1900s, with acceleration expected by mid-century and potentially much greater rise by 2100 depending on emissions. He highlighted flooding, groundwater rise, beach and cliff erosion, salinization, and risks to transportation, sewage, ports, and national security. Dave Gibson of the San Diego Regional Water Quality Control Board discussed how sea level rise affects wastewater systems, stormwater, contaminated sites, wetlands, and coastal groundwater basins, and said the board is requiring climate adaptation planning, updating stormwater permits, and seeking more flexible state permitting and mitigation tools. Members and witnesses also discussed the need for better mapping, more monitoring, and more state funding, especially if federal support from NOAA and other agencies declines. The second panel addressed public health, equitable access, and local economies. Ramon Chiras of Un Mar de Colores described how sea level rise, pollution, and access barriers threaten the Tijuana River Valley and Imperial Beach, especially for underserved communities and youth programs that rely on safe, welcoming access to the ocean. He stressed the cultural and spiritual importance of coastal access and the need for water safety and environmental education. Jessica Fane of the San Francisco Bay Conservation and Development Commission explained that the Bay Area faces major economic exposure from sea level rise, citing a regional estimate of $96 billion in adaptation costs versus $230 billion in potential losses from inaction, and said BCDC is working with local governments under SB 272 on shoreline adaptation planning, funding, and regulatory innovation. Members discussed the tension between environmental permitting and the need to move projects faster, including the possibility of planned retreat in some areas and the use of simultaneous permitting and longer-term state authority to streamline adaptation work. In the final panel, Philip Gibbons of the Port of San Diego described the port’s climate adaptation efforts and its vulnerability assessments under AB 691. He said the port manages state tidelands, supports maritime commerce and recreation, and is already seeing flooding at king tides and during El Niño events, including storm-drain backflow and damage to bikeways and parks. He explained that future sea level rise could inundate major port areas and disrupt operations, underscoring the need for continued planning, mitigation, and infrastructure investment. The hearing did not take formal votes, but it concluded with a clear call for more science, funding, coordination, and regulatory streamlining to prepare California’s coast and nearby communities for worsening sea level rise impacts.

Transcript Highlights:

• ,<02:38:29.359> and financial institutions, banks, and financial institutions, banks, and
• instituting this rule because if banks instituting this rule because if banks and<02:38:54.880><
• I mean, people are getting screwed by big banks, by Bank of America, by Morgan Stanley, by Wells Fargo
• , people are getting screwed by big banks, by<02:42:20.319> Bank<02:42:20.640> of<02:42
• We believe big bank overdraft fees.

Keywords: U.S. House of Representatives Floor Proceedings on Tuesday, April 1, 2025, 1012, house, all

Transcript Highlights:

• an industry standard for banking an industry standard for banking collection<00:02:58.560> methodology
• Um, in in techniques that a bank would.
• <00:37:15.920> what into their business through banks what into their business through banks
• ,<02:05:23.520> you through the steps to get to bank, you through the steps to get to bank
• old bank building? old bank building? >> Yes,<03:23:32.399> sir.

Keywords: 916, all

Transcript Highlights:

• pleasure, Chairman Banks? pleasure, Chairman Banks?
• Andrew, Andrew, Angelos,<02:14:48.800> Banks,<02:14:50.159> Bear, Angelos, Banks, Bear,
• Elementand, Elementand, Elementand, Andrew, Angelos, Banks, Bear, >> Andrew, Angelos, Banks, Bear, Brady
• Elementand, Andrew, Angelos, Banks, Bear, Brady, Bratton...
• >> Vice Chairman Banks. >> Vice Chairman Banks.

Keywords: 916, all

Transcript Highlights:

• We placed $30 million in the Governor's Emergency Fund and also gave $8 million to New Mexico food banks
• Jill Dixon, who is the president of the Food Bank Association in the state and runs our food bank here
• So I want to just start by giving a shout-out to our food banks, thousands of volunteers, neighbors,
• I know many of you on both sides of the aisle have worked with your food banks.

Transcript Highlights:

• So the 2015 Federal Reserve Bank of Boston reported the white household in the Boston area had a median
• So the 2015 Federal Reserve Bank of Boston reported the white household in Boston area had a medium net
• And I don't know if we—I guess the Federal Reserve Bank will be coming out with a study.
• And I don't know if we, I guess the Federal Reserve Bank will be coming out with a study.
• , the Eastern Bank Foundation, and the Chamber of Commerce.

Keywords: 995, all

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

Transcript Highlights:

• I staffed the Banking and Insurance Committee.
• Do you believe it's too difficult to get a bank charter in Arizona? Mr.
• And I think that small banks have a really tough time.
• So the FDIC chair, Travis Hill, noted that he thinks banks adopting new technologies or innovation.
• Banking and insurance are two of the most difficult industries there are.

Keywords: 1182, all

Transcript Highlights:

• I can look in my bank and you a check.
• And then we can get that to the bank. Then that addresses one issue.
• I This is uh the Treasury has bank.
• I go to banks and tell them and trade.
• Bank as the purchaser.

Keywords: 0:00:07 Call to Order and Roll Call 0:00:47 Approval of Minutes 0:01:05 Correspondence and Information Items 0:54:15 Lease Rpt from Postsecondary Institutions 0:56:19 Project Rpt from Finance and Administration Cabinet 1:08:46 Lease Rpt from Finance and Administration Cabinet 1:13:00 Rpt from Office of Financial Mgmt - KIA 1:20:00 Office of Financial Management 1:35:50 Adjournment, 958, all

Summary: The meeting began with routine business, including welcoming new committee member Senator Reginald Thomas, approving the minutes, and receiving a correspondence report on several information items. Those items included University of Kentucky research equipment funding, UK capital project funding using federal/private funds, debt issues from McGoffin County and Owen County school districts, lease modifications by the Division of Real Properties, asset preservation project revisions at Eastern Kentucky University and Northern Kentucky University, and Kentucky Communications Network Authority (KCNA) information on Kentucky Wired critical infrastructure. The main discussion focused on a dispute over the Kentucky Wired communication shelters, or “huts,” and related payments under KCNA’s agreement with Asellicom/Excel. Brad Kilby of Asellicom testified that KCNA had not paid for the huts, that Asellicom had not received the alleged $8 million or any later payment, and that Asellicom remained the legal owner. Committee members pressed him on whether payment had been received, whether anyone else might have received it, and whether the lawsuit or dispute resolution process clarified the issue. Kilby said no payment had been received and that the matter was part of ongoing litigation. KCNA Executive Director Doug Hendricks and General Counsel Adam Atkins then testified. They said a certified check for $8.5 million was mailed in July, based on the Finance and Administration Cabinet secretary’s determination that $8.5 million was due under the model procurement code, even though KCNA had initially requested about $12 million to cover a worst-case estimate. They said the contract allowed payment in full or in tranches, that the huts were completed and operational, and that KCNA had not received documentation supporting Asellicom’s higher $10.1 million claim. Members expressed frustration over the missing check and the broader implications for Kentucky Wired, and one member requested that the committee obtain all agency requests related to KCNA/Kentucky Wired since inception; the co-chairs said they would look into making that information available. No formal vote was taken on the dispute during the portion provided.

Transcript Highlights:

• <03:37:01.640> basically<03:37:01.960> cowed banks and so the banks basically cowed banks
• already existing for bank already existing for bank accounts<04:31:52.560> in<04:31:52.680
• That's the one in which they can confiscate a bank comp. They can compel the bank to comply.
• A bank account is controlled by a responsible third party.
• there would be protections for your bank there would be protections for your bank account<04:36:

Keywords: 928, house, all

Summary: The discussion focused on a cannabis legalization/regulation bill and whether it should be retained for further study or moved forward. Members debated the fiscal impact, with one side emphasizing that the bill would cost about $7.1 million in the first two years before generating revenue, while supporters argued the House should make a statement in favor of legalization despite likely opposition from the Senate and governor. There was also disagreement over strategy: some said retaining the bill until closer to the next election would give the issue more visibility, while others said delaying would only avoid sending a bill the Senate was unlikely to take up anyway. A major point of contention was whether cannabis should be regulated by a new cannabis commission or placed under the Liquor Commission. Supporters of the Liquor Commission argued it already has enforcement infrastructure, especially for age restrictions, and could handle cannabis more efficiently without creating a new bureaucracy. Opponents said cannabis is a different industry that would require specialized expertise, and they objected to expanding the Liquor Commission, which they described as unpopular and costly. The committee also discussed past versions of the bill, including concerns about limited licenses and the perception that the earlier approach favored large businesses. Members reviewed specific provisions such as licensing fees, THC limits, and cultivation categories. One member noted a $10,000 fee for retail cannabis stores and cannabis product manufacturers authorized to perform extractions, while a smaller tier-one cultivator fee was described as a lower-cost option for small growers. There was also discussion of whether the bill would allow sales through general retail outlets or only dedicated cannabis stores, and whether plants and seeds were covered. No final vote or action was clearly recorded in the excerpt, but the main procedural question was whether to retain the bill for more work or advance it as written.

Transcript Highlights:

• to another employee and the bill would require each educational authority to implement a sick leave bank
• policy and uh the bill will also revise the duties of sick leave bank committees.
• <00:05:01.680> policy implement a sick leave uh a bank policy implement a sick leave uh a
• <00:05:09.120> So duties of sick leave bank committees.
• So duties of sick leave bank committees.

Bills: SB211, SB305, SB300, SB211, SB305, SB300

Keywords: school safety, local law enforcement, superintendent, complaints, school bus regulations, education funding, RAISE Act, student outcomes, public schools, local education agencies, accountability, weighted allocations, special education, English language learners, gifted students, tax exemption, ad valorem tax, tangible personal property, business incentives, economic impact

Transcript Highlights:

• You provide your bank information.
• that agreed upon date, based on when your next paycheck is supposed to hit, they already have your bank
• Point nine here, if for some reason there are outstanding proceeds, so in particular maybe that bank
• It's a high-cost financial product, helping workers avoid credit card debt, late fees, bank overdraft
• Since I've been in my 20s and opened up my first banking account, I opened up an account with the credit

Transcript Highlights:

• For these reasons, Alameda County Community Food Bank respectfully urges your aye vote on AB 1049.
• Kathy Mossberg on behalf of the California Association of Food Banks in support. Thank you.
• Kathy Mossberg on behalf of the California Association of Food Banks in support.
• Kathy Musberg, California Association of Food Banks, in support.
• Kathy Musberg, California Association of Food Banks in support.

Keywords: 987, senate, all

Summary: The Senate Human Services Committee heard a long agenda of child welfare, food assistance, child care, and social services bills. Early actions included AB 308 on regional center safety training for people with intellectual and developmental disabilities, AB 1049 to remove sponsor deeming from the California Food Assistance Program, AB 1201 to narrow a violent-felony bypass for family reunification services, AB 2379 to require know-your-rights training for family child care providers, AB 2429 to ease requirements in early childhood mental health consultation, AB 1755 to repeal CalWORKs’ 100-hour work penalty, AB 2478 to create a kinship family approval pathway, and AB 1969 and AB 1996 to expand coordinated cradle-to-career and child-poverty reduction efforts. The committee also began discussion of AB 1932, which would continue and strengthen community-based crisis response services. Testimony was largely in support across the hearing. Advocates, county representatives, child care providers, legal aid groups, food banks, disability organizations, and anti-poverty coalitions argued that the bills would reduce administrative barriers, improve access to benefits and services, and better protect children and families. Several authors and witnesses emphasized real-world harms from current rules, including fear of immigration enforcement, wrongful benefit denials, delayed kinship placements, and the burden of outdated eligibility requirements. On AB 1201, county welfare officials and child welfare advocates said the bill would preserve judicial discretion while allowing more parents a fair chance at reunification; on AB 2478, they said a kin-specific approval path would help place children with relatives more quickly; and on the child care bills, providers said current reimbursement and compliance systems are unsustainable. There was some committee concern about accountability and safety, especially on AB 1049 and AB 1201. One senator questioned whether removing sponsor deeming could weaken program integrity, and another raised concerns about whether narrowing the reunification bypass could expose children to unsafe environments or criminal activity. Authors and supporters responded that the bills still leave eligibility screening, judicial review, supervision, and service plans in place, and that the changes mainly remove automatic barriers or overly broad rules. Votes taken during the hearing were generally favorable: AB 308 passed 3-0 and was held on call; AB 1049 passed 2-1 and was held on call; AB 1201 passed and was held on call; AB 2379 passed 3-0 and was held on call; AB 2429 passed and was held on call; AB 1755 passed and was held on call; AB 2478 passed and was held on call; and AB 1969 and AB 1996 both passed and were held on call. The committee also noted that some bills were on the consent calendar and approved those items 3-0 while holding them open.

Transcript Highlights:

• G1 any insurance company, bank, or other ... on page four with the following section. any individual
• G1 any insurance company, bank, or other ... on page four with the following section: any individual
• 05:36.639> any<00:05:37.120> insurance<00:05:37.600> company<00:05:38.160> bank
• <00:05:38.639> or<00:05:38.960> other G1 any insurance company bank or other G1 any
• insurance company bank or other obler on<00:05:43.440> page<00:05:43.840> four<00:05:44.160

Bills: HB9, HB52, HB53, HB99, HB9, HB52, HB53, HB99

Keywords: elder abuse, elder exploitation, financial exploitation, elderly person, senior abuse, probate, inheritance forfeiture, slayer statute, intestate succession, will contest, joint tenancy, right of survivorship, joint bank account, beneficiary designation, life insurance proceeds, estate law, Alabama probate law, vulnerable adults, senior advocacy, forfeiture of benefits

Transcript Highlights:

• I'm going to allow, or ask, my co-chairman, Dalton Banks [member_17689], to handle this meeting.
• over to Dalton Banks, my co-chairman. over to Dalton Banks, my co-chairman.
• Representative Banks Representative Banks >> here?
• :18:12.480> the >> Chairman Banks, members of the >> Chairman Banks, members of the
• [clears throat] >> Representative Banks. >> Representative Banks. >> I. >> Representative Davis. >> I

Bills: SF0069, SF0070, SF0016, HB0078, HJ0002, HB0085, HB0086

Keywords: wastewater, stormwater, infrastructure, environmental quality, public data, data collection, funding, study, water development, irrigation, public works, agricultural supply, municipal water, grazing lands, subleasing, non-owned livestock, state lands, rental fees, agricultural policy, land management

Transcript Highlights:

• It sets standards for certain bank accounts.
• It requires candidates and treasurer. designated bank account within Delaware.
• It sets standards for certain bank accounts. It set standards.
• things that it does, but I'm happy to answer any questions about the training that I mentioned, the bank
• I mentioned the bank account, I mentioned the loans, and kind of how that all works, but I wanted to

Keywords: 1064, all

Transcript Highlights:

• It sets standards for certain bank accounts.
• It requires candidates and treasurer. designated bank account within Delaware.
• It sets standards for certain bank accounts. It set standards.
• things that it does, but I'm happy to answer any questions about the training that I mentioned, the bank
• I mentioned the bank account that I mentioned, the loans, and kind of how that all works, but I wanted

Bills: HB344

Keywords: campaign finance, elections, transparency, political committees, reporting requirements, enforcement

Summary: The Senate Elections and Government Affairs Committee heard several election- and campaign-related bills. House Substitute 2 for House Bill 155 would make Public Integrity Commission reports publicly available on the commission’s website, add a specific travel-expense reporting category, and remove the FOIA requirement for accessing reports; Senator Richardson said he supported the transparency measure and asked to be added as a co-sponsor. The committee also took up House Bill 444, the Delaware John Lewis Voting Rights Act, which would create state protections against voter suppression and vote dilution, expand language access, prohibit intimidation and deception, and allow court remedies for violations. The bill drew strong support from advocacy groups including YWCA Delaware, the League of Women Voters, the ACLU, and the Legal Defense Fund, and several senators voiced support and interest in moving it quickly. House Bill 430, a constitutional amendment proposal, would make explicit that only natural persons may vote in Delaware elections, including municipal elections, in response to concerns about corporate or other artificial-entity voting in some towns. The discussion focused heavily on Fenwick Island, where the mayor testified that the town’s charter has long allowed certain artificial entities to vote in local elections and said the system is limited and has worked for years; other speakers argued the bill was needed to prevent corporate dilution of residents’ votes. Senator Richardson expressed concern about restricting entities with a local stake, while Senator Hoffner and others emphasized the principle of one person, one vote. Senator Townsend presented House Bill 344, which would tighten campaign finance rules by requiring Delaware bank accounts for candidates and committees, recurring training, better documentation of candidate loans, longer record retention, automatic filing extensions, and inactive status for noncompliant committees; one public commenter opposed the bill on cost grounds. He also presented House Bill 448, which would allow campaign funds to be used for reasonable security expenses for candidates and elected officials, with guardrails, and a commenter suggested allowing electronic security systems without a cap. Finally, the committee heard House Bill 472, a local de-annexation measure for Noble’s Pond in Cheswold to remove scattered residential lots from town boundaries and resolve uneven tax treatment; Senator Hoffner noted local law enforcement supported the change. The committee adjourned after hearing no further public comment on HB 472, and the vote to adjourn was unanimous.

Transcript Highlights:

• Thank you to the food banks, because the food banks have been filling this for a couple of weeks now,
• I have never seen the middle class enter the food bank system at a rate that they're entering it.
• I think it's really important that we have a discussion on how we fund food banks and how we get prepared
• Senator Padilla's bill for free meals across the board is filling up food banks and making sure there's
• But I want to make sure that we don't just leave a piggy bank here to do other things with later.

Transcript Highlights:

• Next is House Bill 648, which is an act relating to banking, insurance, and securities.
• This is an act relating to banking, insurance, and securities.
• These are not financial institutions such as banks or credit unions, but they conduct personal lending
• transactions to weed similar to banking transactions to weed out<00:19:27.840> in<00:19:28.080
• of banking of Vermont Business<00:24:22.559> Owner,<00:24:23.279> the<00:24:23.600>

Keywords: 926, house, all

Summary: The House opened with a devotional reading by Theo Novak, a student and Vermont Poetry Out Loud finalist, followed by several announcements, including a welcome for the guest speaker and a reminder about a freshman legislator gathering and the day’s corporate cup road closures. The House then postponed action for one legislative day on Senate Bill 208, relating to law enforcement identification; Senate Bill 212, relating to portable water supply and wastewater system connections; and House Bill 639, relating to genetic data privacy. The main floor action centered on House Bill 648, banking, insurance, and securities. The Commerce and Economic Development Committee presented Senate amendments and its own further amendments, including clarifications to consumer reinvestment reporting and a proposal to extend and then effectively end the moratorium on new cryptocurrency kiosks in Vermont. The committee described extensive testimony and data on crypto kiosk fraud, money laundering, and consumer losses, and also added a new licensing framework for merchant cash advance providers. Ways and Means reported the fiscal impact would be very small. After a brief question about the $1 million exemption threshold for commercial financing, the House concurred in the Senate proposal of amendment with further amendment thereto. The House also passed Senate Bill 243, distributing funds to the Vermont Language Justice Project, in concurrence with proposal of amendment. It then took up Senate Bill 198, regulating tobacco products and tobacco substitutes. The Commerce and Economic Development Committee described updates to the definition of tobacco substitutes, creation of a wholesale licensing system under the Department of Liquor and Lottery, tighter controls on online sales, and bans on deceptive products that resemble school supplies, food, smartphones, inhalers, or video games. The committee heard testimony from health, enforcement, industry, and advocacy witnesses and voted 11-0 in favor. Human Services then proposed a strike-all amendment to the committee report, with further consideration to continue.