Transcript Highlights:

• <00:27:20.880> consumer<00:27:21.200> protection<00:27:21.679> restitution consumer
• consumer protection restitution consumer consumer protection restitution account<00:27:22.640> in
• However, that section also includes the language pertaining to the coerced debt subtraction.
• However, that section also includes the language pertaining to the coerced debt subtraction.
• what happens when we get to coerc debt. what happens when we get to coerc debt.

Keywords: 1187, senate, all

Transcript Highlights:

• myself such time as I may consume. myself such time as I may consume.
• consumers. Those are our constituents. consumers.
• Um, you know, she talked about the debt and reducing the debt.
• <02:55:25.120> It debt. Let me say that one more time. It debt.
• . debt. debt.

Keywords: U.S. House of Representatives Floor Proceedings on Tuesday, March 17, 2026, 1012, house, all

Transcript Highlights:

• dollars to our national debt. Mr. dollars to our national debt. Mr.
• <02:34:59.760> moderates to the debt. And they caved. moderates to the debt.
• Speaker, I rise in consume. Mr.
• myself as such time as I may consume. myself as such time as I may consume.
• I may consume. Gentle lady's recognized. I may consume. Gentle lady's recognized.

Keywords: U.S. House of Representatives Floor Proceedings on Wednesday, June 4, 2025, 1012, house, all

Transcript Highlights:

• The second model is direct to consumer.
• Five is they shall not report to the consumer reporting agencies or debt collectors any information about
• As a direct-to-consumer provider...
• It can even serve as a free advance option for consumers.
• I think it's a different way that consumers are clear...

Transcript Highlights:

• Bond proceeds cannot be used to refinance current **DOT** debt.
• This bill does not change that; it retains $1.12 billion of debt at any one time.
• Current debt is being retired.
• They're still paying those debts in D.O.T.
• The other thing you have to think about is roads are a consumable item.

Bills: SB2

Keywords: SB 2, State Highway Project Bonds, highway funding, transportation bonds, state road fund, motor vehicle fees, vehicle registration fees, electric vehicle fee, EV surcharge, plug-in hybrid fee, weight distance tax, road construction, infrastructure financing, Department of Transportation, State Transportation Commission, bonding authority, county road funds, municipal road funds, transportation improvement program, state highways

Transcript Highlights:

• or leveraging our rental income to get as much debt as possible.
• I'll say CHHA, and the Business and Consumer Services Agency.
• to support private debt.
• They have to take on debt, and it has to be repaid.
• So that gives you $44 million in debt. That's sort of somewhat, perhaps, the easy part.

Summary: The Assembly Select Committee on Housing Finance and Affordability held its first hearing of 2025 to examine California’s housing finance system, with opening remarks emphasizing the state’s severe housing shortage, high costs, and the need for practical recommendations to the Legislature and Governor. Co-chairs described the committee as an educational and problem-solving forum focused on financing housing production, first-time homeownership, mixed-income developments, and affordability across the income spectrum. Witnesses from state agencies and the development sector were invited to explain how housing is financed and where the system is breaking down. Panelists from the California Housing Partnership, the Business, Consumer Services and Housing Agency, the Tax Credit Allocation Committee/State Treasurer’s Office, CalHFA, and Related outlined the “capital stack” used to finance affordable housing, stressing that projects typically rely on multiple public and private sources, including federal and state low-income housing tax credits, tax-exempt bonds, state subsidies, local funds, and rental income. Speakers noted that affordable housing rents generally cannot support full project costs without public subsidy, and that recent federal changes—especially the expansion of the 4% and 9% tax credit programs and the reduction of the bond financing threshold for 4% credits—should allow California to finance substantially more units. CalHFA also described its homeownership programs, including My Home, Dream For All, and disaster-related mortgage assistance, as well as its multifamily lending and bond issuance programs. Several witnesses and committee members emphasized that the system remains too complex, too slow, and underfunded. They pointed to the need for more state funding, a housing bond, a permanent funding source, and better coordination among agencies, while also citing recent streamlining efforts such as AB 434’s SuperNOFA, AB 519’s one-stop-shop working group, and the planned California Housing and Homeless Agency reorganization. Members raised concerns about equity, access, missing-middle housing, gender and racial disparities, and whether current programs adequately serve extremely low-income households and those at risk of homelessness. No formal votes or actions were taken during the hearing; the discussion ended with committee members and witnesses agreeing that both funding and administrative reform are needed to increase production and improve affordability.

Transcript Highlights:

• The homeowner is left with the debt and no way out.
• on housing, debt, and credit issues.
• Danny Kandler, Kaiser on behalf of the California Low Income Consumer Coalition and National Consumer
• It simply ensures that our existing consumer protection laws are enforced and that consumers can be made
• Consumer Law.

Keywords: 988, house, all

Transcript Highlights:

• About 40% of new nurses have had to sign a debt trap.
• The department does have authority under its Safer Consumer Products law to evaluate chemicals and consumer
• Low Income Consumer Coalition, in support.
• So, the California Low-Income Consumer Coalition, in support. Thank you. Good morning.
• Robert Horel with the Consumer Federation of California, a proud co-sponsor.

Summary: The committee heard several bills, beginning with AB 1521, the Judiciary Committee’s civil law omnibus measure. The bill makes a number of minor, mostly clarifying changes, including repealing obsolete Government Code provisions, allowing juvenile courts to hear petitions to establish records of birth, death, or marriage, requiring notice of probate petitions to the Department of Child Support Services, and correcting typos in existing law. It had no opposition and was moved on a do-pass basis to Appropriations, though it was later placed on call pending additional votes. Members then heard AB 57, which would reserve at least 10% of California’s Home Purchase Assistance Program funds for descendants of formerly enslaved people. The author and supporters framed it as a reparative, race-neutral-by-lineage effort to address historic housing discrimination and the racial wealth gap, while opponents argued it was an unconstitutional racial proxy and should instead be based on individual injury. The bill drew strong support and opposition testimony, was amended, and was approved on a do-pass as amended vote to Appropriations, then placed on call. AB 495, the Family Preparedness Plan Act, was heard next. The bill would expand and standardize caregiving and guardianship tools for families facing immigration-related separation, including broader use of caregiver authorization affidavits, recognition of non-relative extended family caregivers, and a new short-term guardianship process that preserves parental rights. Supporters said it would reduce trauma and help children remain with trusted caregivers; there was no opposition testimony. The committee approved it on a do-pass to Human Services vote and placed it on call. The committee also heard AB 392, which would address non-consensual sharing of sexually explicit media by requiring uploader consent certifications, faster takedown procedures, and civil remedies against uploaders and hosting sites. A survivor testified in support, and members discussed implementation details and possible amendments; the bill was moved on a do-pass as amended basis to Appropriations and placed on call. AB 692, which would prohibit employer “stay-or-pay” debt agreements that require workers to repay training or other costs if they leave or are terminated, also advanced despite opposition from business and industry groups concerned about impacts on signing bonuses and voluntary training programs. It was sent to Appropriations on a do-pass as amended vote and placed on call, along with AB 1234, a wage-claim enforcement bill aimed at reducing Labor Commissioner delays and adding consequences for employers who fail to participate in the process. The committee also heard AB 394, which expands protections for transit workers and allows transit agencies to seek restraining orders against violent riders; it received broad support, some concern about system-wide bans, and was discussed with amendments that preserved judicial discretion.

Bills: SB2138, SB2054, SB2987, SB2908, SB2702, SB2924, SB3248, SB2635, SB3127, SB3001, SB2294, SB2037, SB2797, SB2765, SB2961, SB2210, SB2948, SB3108, SB3240, SB2045, SB2675, SB2338, SB2451, SB2552, SB2553, SB3089, SB3176, SB3285, SB2234, SB2219, SB2312, SB2336, SB2343, SB2849, SB2928, SB2930, SB3332, SB2927, SB2983, SB2906, SB2353, SB2848, SB2340, SB2845, SB3246, SB3077, SB3254, SB2934, SB2571, SB2248, SB2471, SB2298, SB2413, SB2425, SB3045, SB2843, SB2595, SB2907, SB3204, SB2311, SB2532, SB2528, SB2313, SB3300, SB2530, SB2693, SB2010, SB3156, SB2697, SB2991, SB3153, SB2812, SB2527, SB2376, SB3081, SB3218, SB3219, SB3333, SB2232, SB2192, SB2378, SB2070, SB3011, SB2676, SB2957, SB2434, SB2673, SB3301, SB2247, SB2453, SB2457, SB2075, SB2811, SB2601, SB2258, SB2612, SB3263, SB3261, SB3334, SB2613

Keywords: SB2138, Hawaii National Guard, state tuition assistance, STAP, graduate degree, graduate education, tuition assistance, University of Hawaii, UH, Department of Defense, adjutant general, enlisted personnel, warrant officers, company grade officers, military education, veterans benefits, higher education, state residency, professional development, retention

Transcript Highlights:

• jurisdiction over current state transportation funding. sources, including the State Highway Fund, debt
• $15 debt. Yeah. So there's a debt. We're paid off the debt.
• be applying that money to the debt, because that's not a service.
• Surplus means I don't have debt. I think you all need to re-evaluate that.
• Ever seen that debt? Or projects. Or projects. Thank you very much for that.

Keywords: 1184, house, all

Bills: HB3057, HB3130, HB4113, HB3310, HB3314, HB3985, HB4486, HB3040, HB3407, HB4343, HB2981, HB3764, HB3765, HB3767, HB3982, HB3321, HB3322, HB3323, HB4126, HB4130, HB4170, HB3345, HB2941, HB3062, HB3244, HB3298, HB2977, HB3304, HB3299, HB3297, HB4260, HB3906, HB3648, HB3319, HB2933, HB3544, HB1322, HB4104, HB4105, HB4106, HB4107, HB4108, HB3974, HB3134, HB3055, HB3115, HB3471, HB3497, HB3500, HB3505, HB3755, HB4202, HB4226, HB4236, HB4139, HB4144, HB4422, HB4423, HB4317, HB4321, HB4322, HB3176, HB3239, HB3263, HB3673, HB3794, HB3796, HB4265, HB4266, HB2123, HB3048, HB2445

Keywords: government reporting, information technology, child welfare, environmental policy, state agency compliance, gender transition, minors, health services, punitive damages, parental rights, health care providers, voter registration, voter eligibility, felony disenfranchisement, restoration of voting rights, formerly incarcerated, reentry, parole, probation, supervision

Transcript Highlights:

• > companies Kucky's licensed consumer loan companies Kucky's licensed consumer loan companies
• Kentucky Consumer Finance Association. Kentucky Consumer Finance Association.
• This is this adds in kind of a consumer protection element.” “Not insurance.
• This is this adds in kind of a consumer protection element.” out at $5,000.
• <00:21:07.200> in and roll that $10,000 of extra debt in and roll that $10,000 of extra debt

Keywords: Meeting Start 00:00 Call to Order and Roll Call 00:09 Discussion SB 118 00:58 Vote SB 118 03:25 Discussion SB 153 04:39 Vote SB 153 17:48 Discussion SB 158 19:41 Vote SB 158 24:09, 958, all

Summary: The Senate Banking and Insurance Committee met for its first meeting of the 2026 session, called the roll, and welcomed new member Senator G. Gary Clemens. The committee first took up Senate Bill 118, which concerns credit property insurance and would codify existing practice in the Kentucky Revised Statutes. Sponsor Senator Brandon Storm explained that the bill clarifies the treatment of the product and, through a committee amendment, excludes GAP/vehicle protection products from its scope and aligns filing language with current law. The amendment was adopted, the bill passed with favorable expression, and the amendment was rolled into a committee substitute. The committee then heard Senate Bill 153, relating to the prevention of harmful and fraudulent practices. Senator Greg Elkins and witnesses from the Attorney General’s office, Kentucky Farm Bureau Insurance, and State Farm described the bill as a response to storm-chaser and contractor fraud after major weather events. They said the measure would codify current coordination between the Attorney General and the Department of Insurance, allow criminal enforcement in addition to civil actions, and formalize an emergency registration/placard system for out-of-state contractors and volunteer groups during disasters. Members asked about how the bill would affect homeowners who directly hire contractors and whether volunteer groups such as disaster relief organizations or Amish/Mennonite volunteers would be required to register; sponsors said direct hiring would not be affected and volunteers would be handled through a separate identification process. The committee substitute was adopted, the bill passed as amended, and members emphasized the need to protect homeowners from fraud and inflated costs. Finally, the committee considered Senate Bill 158, relating to vehicle financial protection. Senator Jason Howell and representatives of the Guaranteed Asset Protection Alliance explained that the bill modernizes and regulates GAP waivers and related consumer protection products, such as debt waiver and depreciation benefit agreements, while keeping them legal in Kentucky. Supporters said the bill would ensure providers are properly funded and bonded and would align Kentucky with other states. The bill passed with favorable expression, and the meeting ended on a note of bipartisan agreement on all three measures.

Transcript Highlights:

• Consumers are consumers.
• Consumers are consumers.
• It's about having consumer awareness so our consumers know where to purchase it legally.
• Now, when we look at the overall debt, there wasn't really a discussion of where all the debt is coming
• Now, when we look at the overall debt, there wasn't really a discussion of where all the debt is coming

Summary: The joint informational hearing focused on the Department of Cannabis Control’s report on the condition and health of California’s cannabis industry. Department staff reviewed the evolution of state cannabis law, the creation of the current regulatory framework, licensing and compliance efforts, and enforcement against illicit cannabis and hemp-derived intoxicating cannabinoids. The department said the licensed market has grown in production and retail units sold, while active licenses and retail sales value have declined, and that the illicit market remains a major competitive factor. The department also highlighted consumer education efforts, product testing and recalls, and coordination through the state enforcement task force and other agencies. The department’s economist said the data show continued growth in licensed production and a rising share of consumption through the licensed market, but falling wholesale and retail prices have reduced overall industry value. He identified major headwinds as taxes and fees, illicit-market competition, local prohibitions that limit retail access, regulatory costs, and broader business pressures, while noting opportunities in product innovation and possible hemp-market changes. Committee members pressed the department on enforcement, public health concerns, equity ownership and employment, delays in grant administration, pesticide testing, and whether the legal market is truly viable for small businesses and farmers. Several members argued that stronger enforcement and lower costs are needed, while one member raised concerns about cannabis-related health harms and said the hearing focused too narrowly on supply-side issues. Public commenters from industry groups and advocacy organizations largely echoed concerns about high taxes, regulatory burdens, limited retail access, and the size of the illicit market. Many urged the Legislature not to let the excise tax rise from 15% to 19% and called for tax relief, compliance reform, more enforcement, and broader retail access. Some speakers said the report was too optimistic and did not reflect business failures, debt, and closures, while others emphasized the need to protect small farmers, address wildfire insurance, and support equity businesses. No votes or formal actions were taken; the hearing was informational only.

Transcript Highlights:

• <00:22:51.640> gentleman's time as I may consume gentleman's time as I may consume gentleman's
• billion annually for American consumers billion annually for American consumers unfortunately<00
• mandate EVS for American consumers mandate EVS for American consumers blocking<01:16:02.320>
• Defense is actually number four. interest that's our debt we're adding interest that's our debt we're
• Let the other side lie about it. debates debt deficit and debates debt deficit and demographics<03:44

Keywords: U.S. House of Representatives Floor Proceedings on Friday, February 7, 2025, 1012, house, all

Transcript Highlights:

• We have consumers, coastal residents, builders, realtors, and insurance on the same side.
• The reason that rates continue to increase is the reliance upon bond debt to cover losses that exhaust
• of Hurricane Ike and in 2008, TWIA premiums from 2010, 2011, and 2012 were used to pay off TWIA's debt
• The bill does away with bond debt as a tool in TWIA's toolbox.
• The first is the elimination of debt financing or securities.

Bills: HB778, HB 1266, HB1576, HB2213, HB2517, HB2518, HB2841, HB3306, HB3320, HB3388, HB3508, HB3520, HB3689

Keywords: credentialing, healthcare, physician assistants, advanced practice nurses, managed care, hurricane, windstorm, loss mitigation, grants, insurance discounts, property retrofitting, insurance, Texas Windstorm Insurance Association, board composition, coastal counties, property insurance, taxation, Texas FAIR Plan Association, premium taxes, maintenance taxes

Transcript Highlights:

• Next up, we are going to take House Bill 147, prohibited practices in consumer debt collection, by Representative
• Right now we have 148,000 consumer complaints in Florida through the Consumer Financial Services and
• Thirteen percent of Floridians are in debt at this point.
• We are not debt collectors. We are not collecting the debt.
• Passing this bill will harm both patients and Florida consumers. Thank you.

Summary: The subcommittee considered a long agenda of civil justice and claims measures. HB 1173, relating to the Florida Trust Code, was presented as a clarification of standing in trust litigation after recent case law; after questions about who may sue, an amendment was adopted clarifying that an expressly named charity retains standing, and the bill passed 14-2. HB 1437, on attorney’s fees in motor vehicle PIP disputes, drew testimony from insurers and reform groups opposing a return to fee-driven litigation and from medical groups supporting fee recovery for prevailing parties; it passed 17-0. CS/HB 147, addressing prohibited debt-collection communications during nighttime and early morning hours, was described as a clarification of an outdated statute in light of modern communications, with support from business groups and no opposition in the vote; it passed 18-0. The committee then heard several claims bills against the Department of Children and Families. HB 6511, for relief of L.P., described severe injuries to a child after DCF allegedly failed to act on warning signs; a technical amendment was adopted and the bill passed 18-0. HB 6515, for relief of Michael Barnett, involved DCF’s alleged failure to investigate domestic violence that preceded the killing of three children and injury of a fourth; members asked about the settlement amount and the case’s circumstances, and the bill also passed 18-0. HB 1517, expanding wrongful death law to allow parents of an unborn child to recover for the child’s death, generated the most extensive debate. The sponsor said it aligns civil law with existing criminal definitions and excludes claims against mothers and providers of lawful medical care, including IVF; opponents warned it could be used to target reproductive care, support networks, and domestic violence survivors, while supporters framed it as a justice measure for families. An amendment clarifying damages rules for minors and unborn children was adopted, and the bill passed 13-4. Finally, HB 947, on evidence of medical damages in personal injury and wrongful death cases, sought to allow broader evidence at trial and to change “shall” to “may”; supporters said it would improve fairness and transparency, while opponents argued it would weaken post-2023 tort reforms and reintroduce inflated medical damages. The amendment was adopted and the bill was then taken up with additional opposition testimony.

Transcript Highlights:

• It's also known as stay or pay or debt traps.
• AB 692 will end debt trials by prohibiting employer debt agreements that require workers to pay off their
• debt.
• AB 566 is a consumer privacy focused bill.
• California Consumer Privacy Act of 2018 gave California consumers important privacy rights, including

Keywords: 988, house, all

Transcript Highlights:

• Because there are some schools with $300,000 lunch debt hanging out there.
• You know, they have outstanding school lunch debt.
• With these dollars, all debt to vendors will be paid in full.
• Do you guys currently have any tax-exempt debt? No? No.
• And from time to time... ...for our consumers.

Bills: HB1623

Keywords: HB 1623, North Dakota, rural health, rural health transformation program, medical facility infrastructure loan fund, medical facility infrastructure loan program, rural health loan program, Bank of North Dakota, Department of Health and Human Services, HHS, federal grant, health care infrastructure, rural hospitals, critical access hospitals, nonprofit health care providers, gap financing, loan fund, public health funding, healthcare financing, Medicaid

Summary: The committee first heard House Bill 1624, the “Universal Lunch Bill,” from Rep. Mike Nathie. He argued the proposal should be placed in Century Code rather than the Constitution so future legislatures can adjust it if state finances tighten, and said the bill would start the program a year earlier with a $65 million appropriation for one school year. DPI testified that the estimate did not include nonpublic schools that do not participate, and members questioned the impact on Title I, free-and-reduced applications, private-school accountability, breakfast mandates for schools that do not currently serve breakfast, and whether the funding could come from the DPI budget or other sources. Supporters, including North Dakota United, the North Dakota Catholic Conference, a pediatrician, and the American Heart Association, said universal meals improve student health and learning, reduce family costs, and are better handled in statute than by constitutional amendment. No opposition testimony was offered, and the chair closed the hearing for later work-session action. The committee then took up House Bill 1627, introduced by Rep. Tye Dressler, which would raise the income threshold for the state-funded school lunch program from 225% to 300% of poverty, with an estimated cost of about $7 million for 2026-27. Dressler said the bill is intended as a targeted, budget-friendly alternative to the ballot measure and emphasized that the state should maximize federal meal dollars while improving participation in the current program. Members questioned whether raising the threshold would actually increase utilization, whether a dollar amount would be clearer than a percentage, and how the change would affect federal reimbursements and application rates. DPI said it could quickly calculate additional percentage levels, and the chair closed the hearing, directing DPI to prepare more numbers for the work session. Finally, the committee opened Senate Bill 2403, presented by Sen. Schiable, to create a short-term bridge-loan program for financially distressed hospitals, centered on Jacobson Memorial Hospital in Elgin. The bill would authorize up to $5 million per loan, with a $10 million appropriation available on a first-come, first-served basis, and would run only through June 30, 2027. Schiable said the hospital’s debt and operating problems threaten local health care, ambulance service, and the community’s economy, and that the proposal was designed narrowly with Bank of North Dakota review to avoid creating a broad precedent. Committee members asked whether the appropriation could be reduced and whether the bank would still apply commercial feasibility and repayment standards; Schiable said yes, the bank would still evaluate the loan and could reject it if it was not sound.

Transcript Highlights:

• Our state, strengthen consumer protections, and increase transparency on institutional debt.
• This was debt I never expected to have.
• Institutional debt and the fear of more debt and delayed graduation forced me to make a choice no student
• Most students incur institutional debt Most students incur institutional debts when they withdraw from
• No debt. We take on that liability of the debt. In the eyes of the U.S.

Summary: The committee hearing covered several higher education bills, with extensive testimony on student aid, affordability, and institutional debt. AB 587 would add veteran representation to the California Student Aid Commission; the author said the change would bring lived experience from the veteran community to student aid policy, and members raised a concern about keeping the commission’s membership odd-numbered, which the author said would be addressed by amendment. AB 791 would standardize cost-of-attendance housing calculations using objective data and improve notice of the adjustment process; supporters said current budgets often underestimate students’ real living costs, while UC, CSU, and independent colleges opposed or had concerns about the bill’s prescribed methodology, fiscal impact, and a 14-day turnaround for adjustments. AB 850 would create a one-term grace period for students with institutional debt to re-enroll while arranging repayment, bar reporting that debt to credit agencies, and require more transparency; proponents described students being blocked from continuing school over debts, while CSU, UC, and private-college representatives said they already use holds and payment plans and worried about added liabilities and budget pressures. AB 537 would extend the California College Promise Program to part-time community college students; supporters said most community college students attend part-time and should not be excluded from fee waivers, while the committee noted fiscal concerns but ultimately advanced the bill. AB 7 would allow universities to consider whether an applicant is a descendant of American chattel slavery in admissions as a reparative measure; supporters framed it as lineage-based reparative justice, while opponents argued it would function as a racial proxy and conflict with Proposition 209 and equal-protection principles. The committee took roll-call votes on the measures, advancing AB 587, AB 791, AB 850, and AB 537 to Appropriations, with AB 850 and AB 537 receiving fewer votes and the roll left open for additional members.

Transcript Highlights:

• transmitters debt transmitters debt adjusters<00:02:58.879> uh<00:02:59.000> just<
• It benefits consumers by providing reliable and accurate energy prices for New Hampshire consumers.
• It benefits consumers by providing reliable and accurate energy prices for New Hampshire consumers.
• I am the Consumer Advocate.
• with all General Funded debt.

Keywords: 928, house, all

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