Transcript Highlights:

• That would be the construction loan loss guarantee.
• That would be the construction loan loss that would be established as part of the initial fund.
• That would be the construction loan loss guarantee.
• And with respect to the construction loan loss guarantee, that loan loss guarantee would be in place
• Here to support the request for the Student Loan Empowerment Network.

Summary: The committee opened with the State Controller’s Office May Revision requests, including funding for Fiscal book-of-record stabilization, a Broadcom IDMS licensing adjustment, the California State Payroll System, ACFR reporting automation, and $3 million for unclaimed property outreach. Testimony emphasized progress on Fiscal becoming the state’s accounting book of record in July, faster ACFR publication, and the move to electronic unclaimed property claims. Members asked about the size of the unclaimed property fund and how quickly money is transferred to the General Fund; the Controller’s office said about $15 billion is held, with most excess transferred regularly, and the LAO noted the fund is the General Fund’s fourth-largest revenue source. No concerns were raised by Finance or the LAO, and the item was closed after no public comment. The committee then heard the administration’s proposal to tax prewritten digital software and software-as-a-service, with Finance saying it would modernize sales tax treatment and raise an estimated $450 million General Fund and $560 million local revenue in 2026-27. The LAO supported modernizing the tax but suggested broader digital goods coverage and a business-use exemption; industry and taxpayer groups opposed the proposal, warning of higher costs for consumers and businesses. Members also heard CDTFA’s administrative request tied to the proposal, plus a separate CDTFA budget reduction reflecting lower operational needs; that reduction was presented as a savings item and drew positive reactions. Next, the committee considered federal conformity for “Trump accounts,” which would align California tax treatment with federal rules for tax-deferred children’s accounts and avoid tracking burdens for families. The LAO recommended approval, and the item drew no opposition. The committee also heard a proposal to cut the first-year $800 annual business tax to $400 for LLCs, LPs, and LLPs; Finance argued it would lower startup costs and encourage new business formation, while the LAO said the benefit was not well targeted and could subsidize entities that would form anyway. Members discussed the policy tradeoff, and public commenters split between support for small business relief and concern about revenue loss. The final major revenue item was a permanent business tax credit limitation, capping credits at the greater of $5 million per corporation or 50% of pre-credit liability, while excluding the low-income housing tax credit and personal income tax credits. Finance said it would raise significant revenue from large profitable corporations, and the LAO said it was a reasonable option but noted it would mainly affect the R&D credit and could have future implications for programs like California Competes. Public testimony was sharply divided, with business groups opposing the cap and anti-poverty advocates supporting it as a way to recapture revenue. The committee also heard FTB’s CalFile realignment request, which would return most of the direct-file-related resources to the General Fund while retaining a smaller staff to improve CalFile, and the California Arts Council’s request to reauthorize the Keep Arts in Schools voluntary contribution fund, which members and advocates supported despite relatively modest annual donations. The hearing continued with GoBiz proposals on civic media funding, CA RISE reappropriation, and a semiconductor facility reversion, with the LAO supporting the latter two and members raising questions about the civic media program’s scope, outreach, and inclusion of broadcast and ethnic media.

Transcript Highlights:

• And when you graduate, what it will look like with high student loans and you're trying to move out of
• The average cost of attending a four-year public college is $27,000, and student loan debt now exceeds
• The average college student in Massachusetts leaves school with more than $30,000 in student loans.
• They'll learn how to read a paycheck stub, open a bank account, file taxes, and evaluate a loan offer
• They'll learn to spot ...bank account, file taxes, and evaluate a loan offer.

Summary: The House took up several procedural orders early in the session, including extending the reporting deadline for the Housing Committee on H.4655 and suspending Joint Rule 12 for a petition seeking to rescind prior Article 5 constitutional convention applications. It then advanced three Ways and Means bills on education-related topics: personal financial literacy education (H.4670), expanded access to the state seal of biliteracy (H.4671), and teacher preparation and student literacy (H.4672), each moving through amendment adoption and third reading or engrossment procedures. A major portion of the meeting focused on H.4670, which would require personal financial literacy instruction in middle and high school and establish a financial literacy trust fund for curriculum and teacher training. Members spoke in support, emphasizing budgeting, credit, student loans, and long-term financial planning, and the bill passed to be engrossed by a 154-0 roll call. H.4671, which broadens access to the seal of biliteracy for students in public and private schools, also drew support and passed to be engrossed 155-0. The most extensive debate centered on H.4672, a literacy bill requiring evidence-based reading instruction, DESE-approved curricula or approved local alternatives, screening and progress monitoring, professional development, and related implementation measures. Members described concerns about declining reading scores and argued for a shift away from three-cueing toward phonics-based, science-of-reading approaches. Several amendments were considered: a proposal to change intervention language from “significantly” to “at risk of falling behind” failed, while amendments adding funding language, stakeholder collaboration, and other implementation details were adopted. One amendment clarifying that pictures may be used as a supplement in literacy curricula was also adopted, and the bill ultimately passed to be engrossed 155-0. The House also observed moments of silence for former Judge Leslie Harris, former Representative Mark Carron, and former Representative Dennis Rosa, and adjourned to meet the next day at 11 a.m.

Transcript Highlights:

• What about a farmer that benefits from a low-interest loan program or grant program that we put in place
• from a What about a farmer that benefits from a low<00:07:39.640><c> interest</c><00:07:40.080><c> loan
• </c><00:07:40.400><c> program</c><00:07:40.960><c> or</c><00:07:41.160><c> grant</c> low interest loan
• program or grant low interest loan program or grant program<00:07:41.960><c> that</c><00:07:42.120><
• say that I also happen to know that there are a number of folks in the room who benefited from PPP loans

Transcript Highlights:

• The prohibition for those employees in the Office of Policy being able to apply for grants or loans through
• are involved in agriculture, and this would make sure that those individuals could apply for these loans
• It still keeps the prohibition for those employees of the Office of Policy, which oversees the loans
• return back, and I think it also shows the quality of the individuals that are working as they do those loans
• return back, and I think it also shows the quality of the individuals that are working as they do those loans

Summary: The Agriculture Committee met for its first meeting of the 2025 session, with the new chair opening the meeting, confirming a quorum, announcing the House’s 24-hour rule for committee substitutes and amendments, and welcoming several guests and new committee members. The chair also emphasized agriculture’s importance to Kentucky’s economy, citing crop revenue and the broader economic impact of the sector. The committee first considered House Bill 24, which would raise the audit threshold for conservation districts from $750,000 to $1 million. Supporters said the bill updates an outdated threshold and helps reduce the burden of costly audits amid inflation. The bill received a motion and second, no opposition was raised, and it passed by roll call vote. The committee then took up House Bill 216, presented by the vice chair and Brandon Reed of the Kentucky Office of Policy. The bill would allow certain Department of Agriculture employees to apply for grants or loans while preserving the existing prohibition for employees who oversee those programs. Testimony explained that the office’s funding comes from tobacco master settlement dollars, with a formula that directs money to agriculture and other purposes, and members discussed the importance of keeping those funds in Kentucky. The bill passed with favorable expression by roll call vote. Before adjournment, members made additional welcoming remarks for local officials and guests, and the chair noted the National Farm Machinery Show and tractor pull as a major event for Kentucky agriculture. The committee then adjourned.

Transcript Highlights:

• Well, they don't have to make it a loan. Well, they don't have to make it a loan.
• So what about the student who has to pay this loan back?
• "What would legally require them to pay back the loan?
• "Everything around the repayment of this loan is promulgated."
• Now that they have this loan, how does that...?

Bills: HR179 , HR180 , HR181 , HR182 , HR183 , HR184 , HR185 , HR186 , HR187 , HCR75 , HCR76 , HCR77 , HCR78 , HCR79 , HR165 , HR166 , HR168 , HR169 , HR170 , HR171 , HR172 , HR173 , HR174 , HR175 , HR176 , HR177 , HR178 , HCR65 , HCR66 , HCR67 , HCR68 , HCR69 , HCR70 , HCR71 , HCR72 , HCR73 , HCR74 , SCR34 , SB34 , SB43 , SB52 , SB56 , SB165 , SB173 , SB189 , SB190 , SB260 , SB322 , SB345 , SB374 , SB387 , SB401 , SB448 , SB449 , SB455 , SB487 , SB496 , SB502 , SB505 , HB362 , HB893 , HB990 , HB1007 , HB1153 , HB1243 , HR1 , HR17 , HCR5 , HCR4 , HCR47 , HB55 , HB385 , HB394 , HB396 , HB406 , HB608 , HB622 , HB676 , HB772 , HB897 , HB1030 , HB1035 , HB1038 , HB1045 , HB1049 , HB1056 , HB1058 , HB1059 , HB1092 , HB1100 , HB1117 , HB1160 , HB1161 , HB1162 , HB1177 , HB1180 , HB1189 , HB1216 , HB1239 , HB1240 , HB59 , HB74 , HB159 , HB330 , HB364 , HB414 , HB458 , HB525 , HB568 , HB786 , HB1008 , HB1033 , HB1034 , HB1041 , HB1062 , HB1070 , HB1079 , HB1112 , HB1118 , HB1139 , HB1151 , HB1176 , HB1182 , HB1196 , HB1214 , HB1241 , HB87 , HB115 , HB162 , HB368 , HB433 , HB441 , HB447 , HB466 , HB481 , HB741 , HB1242 , SB162 , SB349 , SB350 , SB382 , SB383 , SB127 , SB244 , HB977 , HB181 , HB31 , HB664 , HB9 , HB192 , HB225 , HB306 , HB310 , HB366 , HB635 , HB911 , HB1230 , HB1236 , HB615 , HB864 , HB1103 , HB1175 , HB901 , HR20 , HR74 , HB284 , HB393 , HB459 , HB577 , HB582 , HB605 , HB614 , HB682 , HB733 , HB773 , HB996 , HB1003 , HB1082 , HB1113 , HB1234

Summary: The House opened with a prayer, pledge, quorum call, and several personal privileges recognizing guests and special observances, including Junior League Day, Renewable Energy Day, Wholesalers Day, and Sin Law Day. Members also introduced and adopted a number of commemorative resolutions, including condolences, recognitions of schools and community figures, and resolutions related to LSU, ALS Awareness Month, and local festivals. Several Senate and House measures were referred or laid over, and the chamber announced upcoming scheduling changes for House and Senate bills. The most extensive debate centered on House Bill 385, which would require certain TOPS scholarship recipients to repay one semester of aid if they fail to meet academic requirements, subject to listed exemptions and an option to avoid repayment by entering certain high-demand career and technical programs. Opponents questioned the bill’s impact on students, its possible constitutional issues, administrative costs, lack of a fiscal note and implementation details, and whether it would worsen brain drain or convert a merit scholarship into a loan. The motion to recommit the bill to Appropriations failed 34-16, but after continued questioning and criticism, the author later moved to return the bill to the calendar, and that was agreed to. The House then passed House Bill 55, which restricts public disclosure of juror information, after adopting an amendment clarifying that juror interviews are still allowed if jurors choose to participate. The chamber also passed House Bill 394 extending the conditional parole programming period from nine months to 24 months, House Bill 396 making autopsy photographs admissible in criminal proceedings, House Bill 406 directing the Department of Education to study whether it should supervise interscholastic high school athletics, House Bill 622 aligning state criminal history record handling with federal requirements, and House Bill 676 creating the crime of fraudulent patient referrals, or body brokering, with amendments clarifying lawful marketing arrangements. House Bill 1030, concerning reimbursement for non-emergency medical transportation for certain mental health-related services, was taken up with amendments and then temporarily returned to the calendar.

Transcript Highlights:

• , loan processing, loan<01:58:41.760><c> servicing,</c><01:58:42.880><c> and</c><01:58:43.360><c> uh<
• /c><01:58:43.679><c> have</c><01:58:44.000><c> salaries</c> loan servicing, and uh have salaries loan
• We did 66 loans last well on loans.
• If I were to go out and find a loan processor or loan server on the open market, it's 35 to 40,000.
• They've never processed a loan. Some of them might not even have a mortgage loan.

Committee: Joint Appropriations

Transcript Highlights:

• for teachers that are teaching in the field but have loan debt to try to help them pay that off.
• This one changes it to LASIA, which is a loan assistance for, um, well, I'm drawing blank.
• Um, loan assistance in support of educators in Alabama.
• </c> one changes it to LASIA, which is a loan one changes it to LASIA, which is a loan assistance<00:
• ><c> of</c><00:11:17.360><c> educators</c> loan assistance in support of educators loan assistance in

Committee: House Education Policy

Transcript Highlights:

• Part of today's hearing will address the Department of Finance's request for a state loan to cover a
• While such loans are relatively common due to the fluid nature of California's budget, it is important
• Calculated and the multitude of reasons this loan may be needed.
• I will now move on to comments regarding the loan.
• So, the loan again was issued to help address these issues.

Transcript Highlights:

• </c> the uh meat processing intermediate Loan the uh meat processing intermediate Loan program<00:07:
• It's a reimbursement grant, so we went out and got a loan, or a temporary loan, to cover everything.
• a loan or a temporary<01:02:50.760><c> loan</c><01:02:51.440><c> to</c><01:02:51.799><c> cover</c><01
• with off our loan our temporary loan<01:03:17.119><c> um</c><01:03:17.680><c> so</c><01:03:18.680><c
• We went and took out another $200,000 loan because of it to cover our expenses.

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

Transcript Highlights:

• It raises fees $4 billion on veteran borrowers, home loan refinancing fees.
• It raises fees $4 billion on veteran borrowers, home loan refinancing fees.
• It raises fees $4 billion on veteran borrowers, home loan refinancing fees.
• I yield back." "...not for a VA home assistance loan.
• Speaker, today I'm here to talk about student loans.

Bills: HB4970 , HR1420 , HB5362

Keywords: Orland Project, Central Valley Project, Sacramento Canal Unit, water transfer, water rights, drought relief, federal reclamation, Bureau of Reclamation, California water, irrigation, water management, Reclamation States Emergency Drought Relief Act, Reclamation Reform Act, water users association, water supply, drought resilience

Transcript Highlights:

• We revamped our loan.
• We revamped our loan.
• We revamped our loan.
• </c><01:05:20.640><c> we</c> infrastructure we revamped our loan we infrastructure we revamped our loan
• We used $79,000 of our own money that we saved, and we took out a small loan.

Bills: HF1143 , HF1548 , HF1340 , HF2549 , HF2559 , HF1673 , HF2740 , HF2507 , HF2461 , HF2381 , HF2695

Committee: House Housing Finance and Policy

Keywords: education funding, unemployment aid, special education, Minnesota statutes, appropriations, housing, redevelopment, local government, trust funds, community development, HF1340, housing infrastructure bonds, Minnesota Housing Finance Agency, MHFA, affordable housing, supportive housing, permanent housing, adaptive reuse, area median income, AMI

Transcript Highlights:

• The pre-development loan. You'll be able to answer this even better than Senator Becker.
• 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?
• 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.

Summary: The committee heard several housing-related measures, beginning with SB 222 by Senator Wiener, the Heat Pump Access Act. The bill would streamline permitting for heat pump water heaters and HVAC systems, allow virtual contractor participation during inspections, and limit HOA barriers to installation. Supporters, including Spur, a contractor, and several clean-energy and environmental groups, said the measure would lower costs, reduce pollution, and speed replacements. The League of California Cities opposed the bill over the permit fee cap and concerns about virtual inspections, while committee members raised questions about HOA authority, electrical panel upgrades, and whether the bill could create unintended costs for local governments. SB 222 was approved 10-0 and sent to Local Government. The committee then considered SB 677, a follow-up to SB 79. The author announced the bill had been narrowed to two items: mobile home exemption language and a future SB 79 cleanup bill in the next session, with the larger set of implementation issues to be handled separately. Local governments and counties said the reduced bill still needed clearer definitions and more implementation guidance, while several housing and transit advocates supported the narrowing and the decision to revisit the broader cleanup later. After the amendments were accepted, SB 677 passed 10-1 and was sent to Local Government. The main debate centered on SB 417, a proposed $10 billion affordable housing bond for the 2026 ballot. Supporters, including the California Housing Consortium, labor, housing nonprofits, local governments, and many advocacy groups, argued that the state’s existing housing bond funds were exhausted, that thousands of shovel-ready projects were waiting for financing, and that the bond would leverage federal tax credits and private capital to produce and preserve affordable homes. Opponents and skeptics focused on state debt levels, the cost of housing production, and whether another bond was the right approach, with Habitat for Humanity asking for a dedicated CalHome allocation. Committee members discussed debt capacity, affordability, homeownership, and the need to keep funding flowing to existing programs. SB 417 passed 8-1 to Appropriations. The committee also heard SB 492, a youth housing and youth center bond proposal, which the author said was intended to be folded into the larger housing bond package; testimony from Covenant House California emphasized the need to house transition-age youth and prevent long-term homelessness. No vote on SB 492 was shown in the transcript excerpt.

Transcript Highlights:

• other comments, but I would like to comment about the five, the, uh, a priority for, um, having a loan
• </c><00:25:51.159><c> of</c> uh a priority for um having a loan of uh a priority for um having a loan
• alteration of the prioritization, which include, um, you know, perpetual affordability and shorter loan
• alteration of the prioritization, which include, um, you know, perpetual affordability and shorter loan
• </c> Perpetual affordability and shorter loan Perpetual affordability and shorter loan terms<00:29:57.279

Committee: House Housing

Summary: The committee heard testimony on several housing-related measures. SB 38 SD2 drew mixed testimony on changes to 21H projects, with HHFDC supporting and county and community groups split between support and opposition. In discussion, members focused on how county legislative bodies can alter projects in ways that increase costs, including changes to AMI mixes and fee waivers. The committee later recommended passage with amendments, limiting county changes that would impose stricter conditions than HHFDC, stricter AMI requirements, or reduced fee waivers; the motion passed with one member voting with reservations and two members excused. A major portion of the hearing focused on SB 71 SD2, which would revise the rental housing revolving fund. Catholic Charities Hawaiʻi, Hawaiʻi YIMBY, and NAAP Hawaiʻi opposed the bill, arguing it would weaken support for deeply affordable units, eliminate the 5% set-aside for households at or below 30% AMI, and create a funding gap for households between 60% and 120% AMI. Supporters of the bill, including public housing and some development interests, emphasized the need to redirect funding and make the program more flexible. In decision-making, the committee described the bill as making comprehensive changes that would narrow Tier 2 toward higher-income projects and favor shorter loan terms, then moved it out with amendments. The committee also heard and advanced several other measures with little or no opposition: SB 40 SD2 on state finances, SB 378 on HHFDC, SB 572 SD1 on housing, SB 1229 ST2 on the dwelling unit revolving fund, and SB 602 on the Hawaiʻi Public Housing Authority all received support testimony and were moved forward. For SB 65 SD2, HPHA and other agencies supported the measure, and HPHA testified it sought roughly $8 million to $10 million for repair and maintenance of units not covered by CIP funds. The committee also took up SB 826 SD1 on the low-income housing tax credit, where HHFDC, the Tax Foundation, and DHHL expressed confusion over the bill’s intent and whether it would bar state agencies from using LIHTC financing; no action was taken on that item in the excerpt. SB 944 SD2 on LIHTC transferability drew support and a suggestion to keep clarifying language that notifies the tax department, and the committee indicated it would keep the provision in.

Transcript Highlights:

• The Mass Save programs, I believe, are limited to two different types of loans: one is $25,000, and the
• So as of 2024, nearly 40% of our loan and PACE securities are supporting climate solutions such as solar
• with the Massachusetts Commercial PACE program, where we just closed financing for a $1.29 million loan
• So as of 2024, nearly 40% of our loan and PACE securities are supporting climate solutions such as solar
• with the Massachusetts Commercial PACE program where we just closed financing for a $1.29 million loan

Committee: Joint Joint Committee on Revenue

Summary: The Joint Committee on Revenue held a hearing on several housing-related bills, with chairs Adrienne Madaro and James Eldridge framing the discussion as part of the Legislature’s broader response to the state’s housing crisis and noting that many of the bills build on the 2024 Affordable Homes Act. The chairs reviewed hearing procedures, including the three-minute oral testimony limit, the option to submit written testimony, and the hybrid format. No votes were taken during the hearing. Testimony began with support for H. 3278, a bill to create a graduated deed excise tax for affordable housing. Representative Worel argued that higher-end real estate transactions should contribute more to fund affordable housing production, saying the measure would not burden working families and would help address racial inequities in homeownership and displacement. Representative Soder then supported H. 3247, which would promote redevelopment of abandoned buildings through expanded tax incentives for renovating vacant properties for sale or rent, arguing that it would bring blighted units back into use and generate future tax revenue. The committee also heard testimony on H. 3040/S. 1969, residential improvement or R-PACE legislation. Robert Giles of Home Run Financing and Nicole Steele of Amalgamated Bank described the program as a voluntary, assessment-based financing tool that could help homeowners pay for energy efficiency, resilience, and other major repairs without upfront costs, and said it could complement existing Mass Save programs while expanding access to more homeowners. In contrast, Judith Lieben of the Massachusetts Law Reform Institute opposed H. 3039/S. 1946, the Housing Development Incentive Program bill, arguing it would expand subsidies for market-rate and luxury housing in Gateway Cities instead of directing resources to low-income renters. Representative Hawkins also testified in support of H. 3121, which would end large investor control of homes in Massachusetts by imposing an excise tax on large owners of small residential properties and using the revenue for first-time homebuyer down payment assistance. After testimony and a few member questions, the chairs asked whether anyone else wished to testify and then adjourned the hearing.

Transcript Highlights:

• Energy and Advanced Transportation Financing Authority and provides state-backed funds, kind of a loan
• 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
• The bill establishes a wildfire resilience loan program, as the Senator mentioned, modeled on the state

Committee: Senate Emergency Management

Summary: The Senate Emergency Management Committee heard several wildfire- and emergency-related bills. SB 1270 by Senator Richardson would expand the California Wildfire Mitigation Program to more counties and direct future funding toward areas with the greatest wildfire risk and social vulnerability; supporters included CSAC and the South Coast Air Quality Management District. SB 1079 by Senator Stern would create a permanent fire innovation unit within Cal Fire to identify operational needs, test new technologies, and speed deployment of successful tools; it drew support from Megafire Action, fire agencies, and several advocacy groups. SB 1020 by Senator Niello would require annual reporting on open gubernatorial states of emergency, including spending and lessons learned, to increase legislative oversight without limiting emergency powers; the LAO provided technical assistance on the bill. SB 894 by Senator Allen would establish a wildfire resilience loan program modeled on Go Green to help finance home hardening and defensible space improvements, with broad support from state, local, environmental, and credit union interests. Testimony on the bills emphasized wildfire risk, the need for broader home hardening access, and the value of innovation and oversight in emergency management. Supporters of SB 894 said grants alone cannot meet the scale of needed mitigation and that low-cost financing could leverage private capital. Supporters of SB 1079 argued California needs a more formal system to connect firefighters with innovators and scale proven technologies. On SB 1020, the author and committee discussed balancing executive emergency authority with transparency and accountability. There was no recorded opposition to the measures during testimony. After discussion, the committee accepted amendments on the bills and voted to pass SB 894, SB 973, SB 1020, SB 1270, and SB 1079 as amended to the Senate Appropriations Committee. The transcript shows multiple roll calls as quorum was established and absent members were called; each bill ultimately received unanimous support from members present and was reported out of committee.

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.
• 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
• The bill establishes a wildfire resilience loan program, as the Senator mentioned, modeled on the State

Committee: Senate Emergency Management

Transcript Highlights:

• that you took out against the house,' and you never even took the loan out in the first place.
• The operating thing here is they get a loan on it.
• And then that makes the property subject to the loan.
• And so then they end up foreclosing, but the person's made off with the proceeds from the loan.
• or banks loaning money on quitclaim deeds.

Summary: The House met after a quorum was established and began with several introductions of special guests, including job shadows, 4-H participants, and interns. The chamber then moved to House Bills for Perfection, taking up HB 1707, which would stop sales tax from being imposed on credit card processing fees charged to vendors. Members asked for clarification about the bill’s scope and the title amendment, and the bill sponsor explained that the measure simply prevents tax from being charged on those fees. HB 1707 was then ordered perfected and printed. The House next considered HB 2819, a bill responding to the end of penny minting by authorizing rounding of cash sales to the nearest five cents. Supporters said the bill would give businesses a clear legal framework and reduce compliance risk. The chamber adopted the committee substitute and ordered the bill perfected and printed. Members then took up HB 2103, a property-fraud and notary-fraud bill aimed at strengthening penalties, requiring warning signs in recorder of deeds offices, and speeding court review for alleged victims. Supporters said it was needed to deter fraudulent deed filings and protect homeowners, while opponents argued it focused too much on notaries and recorders rather than the people committing the fraud. The committee substitute was adopted and the bill was ordered perfected and printed. The House also debated HB 1800, which would lower the inflationary cap on certain property-tax revenue growth from 5% to 3%. The discussion centered on whether the change would protect taxpayers or reduce funding for schools, fire districts, libraries, and other local services. An amendment was adopted that broadened the title and added property-assessment language, and the bill was then ordered perfected and printed. Finally, the House considered HB 2600, dealing with ambulance district consolidation and governance. The bill was described as a response to struggling rural EMS systems, with provisions for consolidation plans, public hearings, and voter involvement. An amendment modified the process for subdistricts, at-large districts, timing, and merger procedures, and the committee substitute as amended was adopted and ordered perfected and printed. The House then moved to announcements and adjourned until the next scheduled meeting.

Transcript Highlights:

• budget does obviously include a $634 million general fund payment on the outstanding UI trust fund loan
• The federal UI loan, this morning I checked, is $21.8 billion.
• an insolvency, we, in essence, continue borrowing from the federal government so that outstanding loan
• But so long as the state has an outstanding federal loan, it by definition cannot be building reserves
• The state has an outstanding loan to help augment costs for the interest payment.

Transcript Highlights:

• standards, and sections related to student loan borrowers, lenders, and servicers.
• also includes language related to the Rental Home Marketplace Guarantees Act. residential mortgage loan
• servicing residential mortgage loan servicing standards,<00:01:30.640><c> um,</c><00:01:31.160><c> and
• /c><00:01:34.560><c> borrowers,</c><00:01:35.320><c> lenders,</c><00:01:36.120><c> and</c> student loan
• borrowers, lenders, and student loan borrowers, lenders, and servicers. servicers. servicers.

Summary: The committee took up H.F. 4188, the Commerce and Consumer Protection Policy Omnibus, and moved through a series of agreed-upon motions to adopt various House and Senate language articles and sections. The adopted provisions covered a wide range of topics, including residential mortgage loan servicing standards, student loan borrower protections, rental home marketplace guarantees, group coverage cancellation, limited lines travel insurance, insurance lead generators, collection agency and credit services organization definitions, proof of identification requirements, scrap metal copper licensing, technical changes to ASTM references and report filings, securities-related provisions, unclaimed property issues involving virtual currency and funeral prepayment funds, repeal of the prescription drug affordability advisory council, reinsurance program changes, and health insurance reporting and oversight provisions. Most motions were adopted without opposition after brief staff explanations and member encouragements to vote yes. In the health-related sections, the committee adopted language requiring insurers and nonprofit health service plan corporations to notify the Commissioner of Commerce about significant enrollment increases, expanding access to all-payer claims data for oversight, and requiring the sharing of PBM annual transparency reports with the Commissioner of Health. The committee also adopted language on artificial intelligence in utilization review, initially defining AI and prohibiting exclusive reliance on AI for adverse coverage determinations. Representative Elkins then offered an amendment to remove the specific AI definition and replace it with broader language referring to automated processing, arguing that technology-neutral drafting is more durable and that a human must remain in the loop for coverage denials; the amendment was adopted. After the agreed-upon items were completed, members indicated the chairs would huddle to work on the remaining issues and return after recess. The meeting then recessed to the call of the chair.

Transcript Highlights:

• House Bill 1648 seeks to establish a second loan program for eligible applicants using GCRF funds.
• troubling about House Bill 1648, it contains absolutely no reporting or monitoring requirements for loan
• recipients, nor does it contain any audit requirements for the revolving loan fund.
• Well, this bill is a revolving loan that we're trying to create this year for the Gulf Coast.
• So, create this revolving loan. What do you say? Um, to continue.

Bills: HR144 , HB4182 , HC51 , HR169 , HB4178 , HB4179