Transcript Highlights:

• WIFA takes that capital and turns it into debt and loans for water systems to comply with the Clean Water
• And so as the fund manager, we provide that money as loans, and those loans are, I think this is a technical
• So through this fund, applicants can ask for up to $2 million in grant funding or $3 million in loan
• So through this fund, applicants can ask for up to $2 million in grant funding or $3 million in loan
• But even the loans were extremely favorable for these water providers, sub-2% interest rates in some

Committee: Senate Senate Natural Resources Committee of Reference

Summary: The Natural Resources Committee convened for introductions of members, staff, interns, and pages, with members briefly noting their districts and roles. The committee’s only agenda item was a presentation from the Water Infrastructure Finance Authority (WIFA) by Director Chelsea McGuire, who outlined WIFA’s mission and recent work financing water infrastructure across Arizona. McGuire described three major funding programs: the rural water supply development revolving fund, the water conservation grant fund, and the long-term water augmentation fund. She said WIFA has financed nearly $3 billion in water infrastructure over 30 years, awarded about $87.3 million through the rural fund, and allocated $211 million in conservation grants expected to save 6.6 million acre-feet of water. She also said WIFA is out of conservation money and requested continued state support, while noting the revolving funds remain stable even if federal funding declines. A large portion of the discussion focused on the long-term augmentation fund and its competitive solicitation process. McGuire said WIFA identified a projected 100,000 to 500,000 acre-foot supply gap in 10 to 15 years and selected seven projects for further due diligence after receiving 17 responses, including desalination, reuse, groundwater storage, and exchange-based projects involving private partners. Senators asked about public transparency, project timelines, costs, and the need for state funding; McGuire said public engagement will continue, the projects are intended to match the identified time frame, and state funding is needed both to pay for due diligence and to reduce project risk and cost. No votes or formal actions were taken, and the meeting adjourned after the presentation and questions.

Transcript Highlights:

• SBA's programs, especially in the COVID-19 economic injury disaster loan or EIDL programs, kept their
• These same problems plague many of SBA's loan programs as I highlighted during last month's hearing on
• the 7a loan program.
• Because I am worried that the 7A loan program could require an... appropriation if those defaults are
• And I remember when we first got our 7A loan, and it transformed our business in ways that I mean it

Committee: Senate Small Business and Entrepreneurship Committee

Keywords: SBA, small business, nominations, Bill Briggs, Casey Mulligan, regulations, capital access, public support

Summary: The Committee on Small Business and Entrepreneurship convened to consider the nominations of Bill Briggs for Deputy Administrator of the SBA and Dr. Casey Mulligan for Chief Counsel for Advocacy. The discussions highlighted the critical role of the SBA in promoting small businesses, with emphasis on overcoming challenges posed by excessive regulations and the need for improved access to capital. Several committee members expressed their concerns over recent layoffs within the SBA and the closure of district offices, which they believe undermine support for small businesses across the nation. The committee meeting saw extensive dialogue about the implications of regulations on small business operations and how the nominees plan to address these issues if confirmed. Public support for the nominees was acknowledged through letters from various stakeholders who advocate for small business interests.

Transcript Highlights:

• </c><00:13:20.399><c> repayment</c> rural veterinarian loan repayment rural veterinarian loan repayment
• </c><00:13:30.079><c> repayment</c> agricultural educators loan repayment agricultural educators loan
• All three of these loan is eliminated.
• </c> student loan programs. student loan programs.
• Many include loans as if they were grants.

Committee: Senate Higher Education

Transcript Highlights:

• Energy and Advanced Transportation Financing Authority that provides state-backed funds, kind of a loan
• amounts to a broader base of borrowers for energy upgrade loans.
• amounts to a broader base of borrowers for energy upgrade loans.
• So this bill seeks to create a resilience loan program modeled after Go Green specifically for wildfire
• A resilience loan program modeled after Go Green specifically for wildfire mitigation projects, seeking

Summary: The Senate Emergency Management Committee heard five wildfire- and emergency-related bills. SB 1270 by Senator Richardson would expand the California Wildfire Mitigation Program to more counties based on wildfire risk and social vulnerability, with the author and county representatives saying the program should better target home-hardening assistance where need is greatest. SB 1079 by Senator Stern would create a Fire Innovation Unit within Cal Fire to identify operational needs, test new wildfire technologies, and speed deployment of successful tools; it drew broad support from fire, environmental, local government, and industry groups. SB 1020 by Senator Niello would require annual reporting on open states of emergency, including spending and lessons learned, to increase legislative oversight without limiting the governor’s emergency powers. SB 894 by Senator Allen would establish a wildfire resilience loan program modeled on the state’s Go Green financing platform to help homeowners afford wildfire hardening and defensible-space improvements; supporters included the State Treasurer’s office, counties, fire-safety groups, local governments, and credit unions. There was no opposition testimony on any of the bills. Committee members generally expressed support, with comments emphasizing wildfire risk, the need for home hardening, innovation, and accountability in emergency powers. Senator Rubio asked to be a coauthor on SB 894, and the chair noted the bill’s importance for making mitigation more affordable at scale. All five measures were approved by the committee on motions for “do pass as amended to appropriations,” with roll calls taken over several quorum interruptions. The bills were advanced out of committee, and the hearing was adjourned.

Transcript Highlights:

• </c> industrial bank or industrial loan industrial bank or industrial loan company<00:42:03.040><c> has
• </c> emergency loan program. emergency loan program.
• We call it a revolving loan fund because even while those loans are going to be pushed out and pushed
• </c> out and file on a UCC on small loans. out and file on a UCC on small loans.
• </c> Loan, places like that? Loan, places like that?

Transcript Highlights:

• , Lopez, Nava, Charlie, and Cedillo Lopez, an act relating to higher education, enacting the Nurse Loan
• sponsored by Senators Hickey, Figueroa, Nava, and Duhigg, an act relating to health care professional loan
• repayment, creating the Health Professions Advisory Committee to select recipients of loan repayment
• definitions, allowing fees to be assessed upon breach of contract, amending the Health Professional Loan
• Repayment Fund, concluding the provision of loans made pursuant to the Allied Health Student Loan for

Transcript Highlights:

• An act relating to higher education, enacting the Nurse Loan Repayment Act.
• sponsored by Senators Hickey, Figueroa, Nava, and Duhigg, an act relating to health care professional loan
• Creating the Health Professions Advisory Committee to select recipients of loan repayment awards.
• Amending the health professional loan repayment. Fund.
• Concluding the provision of loans made pursuant to the Allied Health Student Loan for Service Act.

Transcript Highlights:

• as those who have private loans or who hold loans serviced by for-profit and nonprofit organizations
• Student loans represent nearly 4 million borrowers who owe $148 billion in federal student loan debt.
• Student loan debt is an equity issue.
• act as loan servicers fall under the jurisdiction of California law.
• Like any breach of contract case for an unpaid loan, whether for a car, a house, a personal loan, or

Committee: House Judiciary

Summary: The committee first heard AB 2, which would impose enhanced financial penalties on large social media companies when negligence proven in court causes harm to children and teens. The author and supporters, including Common Sense Media and education and child advocacy groups, argued that social media algorithms and design features amplify harmful content and that existing remedies are not enough to deter misconduct. Opponents from TechNet, CCIA, the Chamber of Commerce, EFF, and others warned the bill was vague, could chill content moderation and encryption, invite litigation, and be preempted by Section 230. Several members raised concerns about defining “harm,” but the bill passed on a roll call vote and was sent onward. The committee then took up AB 282, which would allow landlords and housing providers to establish preferences for tenants who use housing vouchers or other rental assistance, clarifying that such preferences are not unlawful source-of-income discrimination. Supporters from housing authorities, local governments, AARP, legal aid groups, and housing nonprofits said the bill would help voucher holders find units and improve voucher utilization. There was no opposition testimony, and the bill passed with a roll call vote and was sent to Appropriations. Next was AB 882, dealing with court reporter availability and the use of electronic recording in certain cases when an official court reporter is unavailable. The author and supporters, including court reporter and labor representatives, said the bill is a temporary, narrowly tailored response to a shortage while preserving accurate records. Opponents from consumer attorneys, defense counsel, the Judicial Council, and others argued the bill was too narrow, could harm access to justice, and should be expanded or revised. Members from both parties expressed mixed views but generally supported continuing the conversation; the bill passed and was placed on call. The committee also heard AB 325 on algorithmic price fixing, which would update antitrust law to address collusion through pricing software and digital tools. Supporters said the bill targets modern forms of cartel behavior and closes loopholes that let companies coordinate prices through algorithms. Opponents from the Chamber of Commerce, Civil Justice Association, TechNet, retailers, hospitals, and others argued the conduct is already illegal, the bill is overbroad, and its definitions and burden-shifting provisions need work. Members requested clarifications to key definitions and pleading standards, but the bill passed as amended and was placed on call. The committee then briefly heard AB 935, which would strengthen civil rights data collection and transparency, especially for educational settings; it had no opposition, passed, and was placed on call. Finally, AB 67 was presented to let the Attorney General enforce the Reproductive Privacy Act and seek penalties against local governments that interfere with abortion access. Supporters framed it as an enforcement tool to protect reproductive rights, while opponents from California Family Council and others denounced it as expanding state power to protect abortion access; the transcript cuts off during that item.

Transcript Highlights:

• And how many loans do we have? I know we currently have 17 active loans.
• But these are not startups giving a business plan for a loan.
• Okay, so these loans are for business expansion? Yes.
• I mean, I know that's different from a loan, but I'm just wondering.
• Next up, Senate Bill 983, relating to small business loans.

Committee: Senate Economic Development and Tourism

Summary: The Senate Committee on Economic Development and Tourism heard testimony on several bills, with much of the discussion focused on Enterprise Zones and related economic development measures. On SB 125, the committee heard support from DBEDT, the Department of Taxation, the Tax Foundation of Hawaiʻi, the Hawaiʻi Farm Bureau, and the Farmers Union. Members questioned how the bill would affect job-creation requirements and learned that existing companies and new companies are treated differently under the program, with existing companies generally subject to a 15% annual employment increase and new companies to a 10% increase, while the bill would extend the program period from seven to nine years. DBEDT also said the program has been effective, citing 1,162 jobs created or maintained at a cost of about $1.2 million, and noted that agriculture, manufacturing, and wholesaling are the main sectors involved. The committee then took up SB 729, also relating to Enterprise Zones, which would expand eligibility to better accommodate local manufacturers and value-added businesses that sell directly to retail rather than only wholesale. Testifiers from the Holua Collaborative and Hawaiʻi Farm Bureau supported the measure, saying it would help small manufacturers and agricultural producers add value and adapt to internet-era sales patterns. A committee discussion clarified that the bill would add value-added processing as an allowable activity within the zones, and DBEDT explained that the current rules were written for a wholesale-dominated market. The Attorney General’s office also testified, raising a supremacy clause concern and recommending language changes to avoid conflict with federal law. On SB 129, relating to labeling requirements for fish, the Attorney General and the Department of Agriculture both raised concerns about federal preemption and enforcement. The AG explained that federal law governs fish labeling but includes an exception for processed fish, and recommended narrowing the bill to processed fish and defining that term to fit the federal carve-out. The Hawaii Longline Association supported the bill but suggested excluding canned tuna while including products such as poke, sashimi, and sushi. The Department of Agriculture said it does not currently enforce this kind of labeling requirement and would need to determine whether another agency should handle enforcement. The committee also heard SB 581, which would establish an aerospace and aeronautics development program within DBEDT. Testimony was generally supportive, but members pressed for a fiscal estimate, and the bill’s sponsor said a prior version of the office had operated on about $400,000 annually with a small staff. No votes or final committee actions were taken during the portion of the hearing provided.

Transcript Highlights:

• Section 53 amends the beginning farmer loans to state that no loan may be less than $50,000.
• Section 54 amends the loan restructuring program to state that loans may not be less than $50,000.
• Section 57 amends the livestock expansion and modernization loan program to state that loans may not
• Section 54 amends the loan $50,000.
• Section 60 modifies the farm opportunity loan program to reduce the purposes of the loans.

Committee: Senate Agriculture, Veterans, Broadband, and Rural Development

Transcript Highlights:

• Student loan repayment is a really good tool for recruitment at FQCs.
• So the first one is the dental student loan repayment.
• and the North Dakota federal loan repayment at the same time.
• Well, and there's such a difference in the amount of student loans.
• Do we need 10 more $100,000 loan forgiveness? Or do they need one more?

Committee: Joint Health Care Committee

Summary: The committee first approved the minutes and then heard a detailed annual presentation from Dr. Thomas Arnold, chair of the Maternal Mortality Review Committee, on maternal mortality trends and review findings. He explained the committee’s structure, the de-identified review process, and the distinction between pregnancy-associated and pregnancy-related deaths. He said national maternal mortality has declined from its 2021 peak, but mental health conditions, substance use, overdose, suicide, cardiovascular disease, hemorrhage, infection, and embolism remain major causes. He emphasized that many deaths are preventable, with especially high rates among non-Hispanic Black women and in the American Indian/Alaska Native population, and noted that a large share of deaths occur after 42 days postpartum. Committee members asked about suicide, domestic abuse, pregnancy testing in unexplained deaths, and the role of home births and midwife training. Dr. Arnold said the committee is adding a caseworker, exploring post-mortem pregnancy testing in suspicious cases, and working with coroners and forensic officials; he also said home births and untrained midwifery pose safety concerns and that better public education and facility-based care are important. The committee then heard from State Fire Marshal Dr. Matt Clark on cigarette ignition propensity standards and fire prevention. He recommended updating North Dakota’s cigarette ignition legislation to the current national standard and also considering legislation requiring fast-breakaway oxygen tubing, citing fatal fires involving smoking around home oxygen. He explained that his office verifies manufacturer testing and maintains certification for cigarettes sold in the state, but does not itself conduct the testing. Members asked about implementation, cost, and whether the standards apply in tribal communities; Clark said he would follow up with cost information and additional details, and that he had not seen evidence of a major issue on tribal lands but would look further. Christine Greff of the Department of Health and Human Services presented the North Dakota Stroke System of Care report. She described the statewide network of two comprehensive stroke centers, four primary stroke centers, and 30 acute stroke-ready hospitals, along with the stroke registry and quality-improvement efforts. She reported that most strokes are ischemic, that the median stroke patient age is 71.5, and that common risk factors include hypertension, dyslipidemia, obesity, and diabetes. She highlighted improvements in door-to-CT, thrombolytic treatment times, dysphagia screening, EMS pre-notification, and interfacility transfer performance, and said new priorities include hemorrhagic stroke quality measures and standardized EMS stroke screening tools. Members asked about the VA hospital’s participation, and Greff said she would pursue outreach. After a break, the committee heard testimony from Taha Khan of Vertex Pharmaceuticals as part of the prior authorization study, focused on non-opioid pain treatment. He argued that prior authorization can delay access to acute pain treatment and may push patients toward opioids, especially in the critical 24- to 72-hour post-discharge window. He cited data showing that even short opioid exposure can increase the risk of long-term use and said prior authorization is often a barrier for physicians and patients. Khan recommended open access with a quantity limit rather than prior authorization, suggesting a 14-day limit supported by the product’s data and an episode-of-care approach. Members asked about dental use, payer discussions, and cost; he said the product’s wholesale acquisition cost is about $16.10 per tablet, with patient assistance available, and that he would follow up on payer and comparison-cost questions.

Transcript Highlights:

• Rather than creating a new loan program, the bill draft before you does just that.
• loan.
• Those payments would return to the medical facility infrastructure loan.
• It has no effect on the current infrastructure loan.
• And do you know if any other facility in the past has used this mechanism for a loan?

Summary: The committee opened with roll call and a review of special-session procedure: bills would be heard in filing order, with related school-lunch bills grouped together, and any bill advancing would require a motion, second, and majority vote to be introduced. Members also discussed that the committee was functioning much like a delayed-bills committee, with final referral to either Appropriations or Policy depending on the bill’s fiscal impact. The first major proposal was Senator Schibley’s bill to create a narrow, statewide Bank of North Dakota bridge-loan program for struggling nonprofit medical facilities, prompted by Jacobson Memorial Hospital’s financial crisis. He argued the hospital and surrounding EMS services could close without short-term help, while committee members questioned the added language, the population cap, the $10 million fund with $5 million per applicant limit, and whether the program could open the door to future requests. Representative Headland then presented two cleanup bills from the prior property-tax session: one to fix notice and tax-certification issues for local taxing districts, and another to correct how the primary residence credit is applied so taxpayers receive the full benefit rather than counties retaining part of the reimbursement. Members asked about township hearing timing, the estimated $10–15 million annual impact, and whether the credit issue could be fixed retroactively; Headland said the bill was intended to correct the problem going forward. Three school-lunch bills drew extensive discussion. Representative Vetter proposed a small administrative appropriation to add an FTE to help eligible families enroll in the existing free/reduced lunch program, saying the goal was to ensure needy children are signed up and that the state should not subsidize meals for wealthy families. Representative Nathe offered a broader bill mirroring the pending initiated measure but placing the program in statute instead of the Constitution, moving implementation up a year, and funding it with a one-time $65 million from the strategic investment fund; he said this would preserve legislative flexibility and avoid constitutional entrenchment. Representative Dressler proposed raising the state-funded eligibility threshold from 225% to 300% of poverty, arguing it would expand access while still preserving federal reimbursements and encouraging better enrollment systems. Members debated costs, future budget pressure, whether the bills set a precedent for responding to ballot measures, and whether the program should include breakfast and other operational details. Other proposals included Senator Powers’ bill to create a hyperbaric oxygen board and support rural access to hyperbaric chambers for wounds, concussions, PTSD, and other conditions; Representative Tolman’s reporting-requirements bill to force new or expanded programs to justify purpose, alternatives, evaluation methods, and full implementation costs; Representative Frelich’s bill addressing the ongoing redistricting litigation and what happens if the Supreme Court or lower courts alter the current map; and a bill requested by the Public Service Commission and ITD for FERC litigation support and ADA website/document compliance. The committee also heard a rural-health eligibility bill from Representative Twait aimed at steering federal rural health dollars toward rural providers, with questions focused on whether the mileage limits would exclude some communities. One Holocaust education item was deferred until the sponsor could be located.

Transcript Highlights:

• House Bill 3980 creates a rural loan assistance program.
• When would that loan have to be paid back?
• It's not the loan to be paid back.
• When would that loan have to be paid back?
• It's not the loan to be paid back.

Bills: SJR50 , SJR51 , SJR52 , SJR53 , SJR54 , SJR39 , SB1290 , HB4028 , HB4029 , HB4073 , HB4074 , HB4075 , HB4076 , HB4077 , HB4078 , HB1250 , HB2951 , HB2961 , HB3151 , HB3581 , HB3705 , HB3970 , HB3972 , HB3980 , HB3981

Summary: The Senate convened with a quorum, prayer, pledges, and several floor recognitions, including the Doctor of the Day, Psychologist of the Day, and Nurse of the Day. Members also honored the OSBI Cold Case Team for its work on unsolved cases, recognized the 75th anniversary of the American College of Obstetricians and Gynecologists, and welcomed guests for the Prague-Kolache Festival. The chamber then moved into floor action on multiple measures and conference motions. The most significant item was Senate Joint Resolution 39, a property tax constitutional amendment. After extensive debate over the impact on homeowners, seniors, farmers, schools, local governments, and future revenue, the Senate adopted House amendments by a 27-19 roll call and then passed the resolution 40-8. However, the motion to order a special election failed 26-20, so the measure did not advance to a special election call. Senators also rejected House amendments to Senate Bill 2 and Senate Bill 215 and requested conference on both. The Senate passed Senate Bill 1290 unanimously as an emergency measure, and advanced or passed several House bills dealing with ARPA and funding reallocations: HB 4028, HB 4029, HB 4073, HB 4074, HB 4075, HB 4076, HB 4077, and HB 4078. Other approved measures included HB 1250 creating a Public Safety Technology Revolving Fund for local law enforcement grants, HB 2951 renaming Red Rock Prison as the Chief James Smith Correctional Center, HB 2961 creating a Gold Star Survivor tuition benefit, HB 3151 extending the school year to 173 days, and HB 3581 increasing penalties for riot-related offenses. The Senate also took up HB 3705, which would raise the Parental Choice tax credit cap from $250 million to $275 million, but the transcript cuts off during questioning on that bill.

Transcript Highlights:

• The other one is the child care revolving loan fund.
• So when we set up that loan program...
• “Low-interest loans to catch up with universal child care?
• So when I was talking about the loan, I mentioned that it’s a low-interest loan, and then I said it’s
• It is a revolving loan fund, so they’ll pay it back.

Committees: Senate Senate Finance , Senate House Appropriations & Finance

Transcript Highlights:

• loan compared to a loan that might have been achieved in the regular market unsubsidized?
• But are we going to value that at the whole $2.5 million loan?
• But are we going to value that at the whole $2.5 million loan?
• So it is directly addressed as far as pre-development loans. Yeah. ...under that section.
• So it is directly addressed as far as pre-development loans.

Committee: Senate Housing

Transcript Highlights:

• </c> loans up on the screen so there's a loan loans up on the screen so there's a loan going<00:32:05.519
• </c> industrial space so there's a a loan industrial space so there's a a loan that's<00:32:17.039><c
• </c> that's going to them um there's a loan that's going to them um there's a loan going<00:32:19.200
• There's all different kinds of loans: there's forgivable loans, there's no-interest loans, there's appreciating
• loans.

Committee: Senate Capital Investment

Transcript Highlights:

• as those who have private loans or who hold loans serviced by for-profit and non-profit organizations
• Student loan debt is an equity issue.
• act as loan servicers fall under the jurisdiction of California law.
• loans, are covered by California debt collection including those that have federal student loans, are
• Like any breach of contract case for an unpaid loan, whether for a car, a house, a personal loan, or

Summary: The committee heard several bills, beginning with AB 2, which would create enhanced civil penalties for large social media companies when negligence proven in court causes harm to children and teens. The author and supporters argued the bill is needed to address addictive algorithms and harmful content, while opponents warned it was vague, could chill speech, and might be preempted by federal law. Members largely focused on whether the bill changed the standard of care or burden of proof; the bill passed out of committee on a roll call vote, with some members noting concerns but supporting it to continue the discussion. AB 282, dealing with housing vouchers and source-of-income discrimination, would clarify that housing providers may prioritize applicants who qualify for rental assistance without violating fair housing law. Supporters from housing authorities, local governments, and advocacy groups said it would help voucher holders find units and improve use of housing funds. There was no opposition, and the bill passed to Appropriations on a roll call vote, with two no votes. The committee also considered AB 882 on court reporter availability and electronic recording in certain cases when a court reporter is unavailable. Supporters said the bill is a temporary, narrowly tailored response to a shortage of reporters and would preserve access to accurate records, while opponents argued it was too narrow, raised access-to-justice concerns, and should be broadened. Members from both sides emphasized the importance of court reporters and electronic recording as a backup; the bill passed with an urgency clause and was sent to Appropriations. The committee then heard AB 325 on algorithmic price fixing, AB 935 on civil rights data clarity, AB 1414 on tenant choice of internet service provider, and AB 67 on Attorney General enforcement of the Reproductive Privacy Act; each drew support from sponsors and advocacy groups, opposition centered on overbreadth or policy concerns, and each advanced on committee votes, with several members requesting further amendments or clarification.

Transcript Highlights:

• And you can't loan money. You're not a bank. Well, no. And you can't loan money. You're not a bank.
• At December 31st, 24 and 23, unpaid loans to the employees totaled $2,4001,000 respectively.
• And you can't loan money. You're not a bank. That's right. me. So. And Well, no.
• And you can't loan money. You're not a bank. That's right.
• time prior to them making loans, they require an audit report.

Committee: All LEGISLATIVE JOINT AUDITING-COUNTIES AND MUNICIPALITIES

Transcript Highlights:

• and loan guarantees that enable the crowding in of private financing and private lending.
• Loans and loan guarantees that enable the crowding in of private financing and private lending from the
• Loans and loan guarantees for CAPEX and working capital through programs like CalCAP and IBank can unlock
• , loan guarantee, accelerated depreciation, tax credits for equipment.
• That loan guarantee— is that $5 million right now for small businesses?

Summary: The Select Committee on Alternative Protein Innovation held its second informational hearing at UCLA, focusing on California’s alternative protein sector and the role of public institutions in expanding plant-based, fermentation, and cultivated protein options. Chair Ash Kalra opened by highlighting prior state investments in UC research centers, the importance of student engagement, and the hearing’s three panels: reducing the carbon footprint of institutional meals, addressing market challenges to scaling alternative proteins, and advancing future food research and workforce development. Assemblymember Isaac Bryan also briefly praised the committee’s work and its relevance to climate and health goals. The first panel featured Friends of the Earth, UCLA Dining, and the Los Angeles County Department of Public Health. Megan Jones described California school food efforts, including technical assistance and microgrants that helped districts expand plant-based meals, reduce water and carbon footprints, and improve student satisfaction. Pete Angelese explained how UCLA Dining uses concept-driven venues, sustainable purchasing, and marketing nudges to increase plant-forward choices, while Dr. Michelle Wood outlined Los Angeles County’s 2024–2025 board motions to expand plant-based options in county food venues and programs, including joining the World Resources Institute’s Cool Food Pledge. Committee members asked about costs, procurement, and how student and consumer behavior can be influenced. The second panel addressed market barriers to scaling alternative proteins. Zach Weston and Daniel Gertner emphasized that the sector faces a cost-and-scale trap, high capital needs, and financing gaps, and they recommended grants, tax credits, loan guarantees, procurement commitments, and workforce development. T.K. Pillen of Beyond Meat argued that the category has faced a recent downturn due to consumer skepticism, industry attacks on “fake meat,” and pricing pressures, and said the key to renewed growth is increasing demand through better taste, health, pricing, and messaging around “plant protein.” Panelists also discussed hidden subsidies and structural advantages for conventional animal agriculture, and committee members raised questions about iBank loan guarantees and supply chain challenges. The final panel highlighted UCLA’s research and training efforts. Dr. Amy Roet described the Future Food Fellows program, which trains students across disciplines in science, communication, leadership, and community-building, and supports research on scalable, safe, and nutritious alternative proteins. Corinne Smith shared her cultivated meat research and student leadership in the Alternative Proteins Project at UCLA. Dr. Janet Tomiyama presented consumer psychology findings showing that disgust, gender norms, and terminology strongly affect acceptance, with “plant protein” and “complementary proteins” testing better than “fake meat.” The hearing concluded with support for continued public investment, clearer messaging, and expanded education and workforce pipelines to help California remain a leader in alternative protein innovation.

Transcript Highlights:

• You talked about are these loans being, are they participating loans where you've got multiple lenders
• When it's loans that we make, they are in most cases loans, not grants.
• , but it's a cash flow loan only.
• That would be the most generous or soft loan that we make, if you will.
• Are you having any defaults on any of the loans?

Committee: House Mortgage Finance Authority Act Oversight Committee