Bills: HR42 , HR43 , HR44 , HR45 , HCR22 , HCR23 , HCR24 , HCR25 , HCR26 , HCR27 , HCR28 , HCR29 , HCR30 , HB894 , HB983 , HB984 , HR39 , HR40 , HR41 , HCR19 , HCR20 , HCR21 , HB2 , HB3 , HB15 , HB441 , HB976 , HB977 , HB978 , HB979 , HB980 , HB981 , HB982 , HB129 , HB130 , HB287 , HB489 , HB521 , HB545 , HB553 , HB555 , HB570 , HB670 , HB672 , HB797 , HB854 , HB952 , HB207 , HB300 , HB331 , HB428 , HB464 , HB587 , HB618 , HB629 , HB801 , HB853 , HB891 , HB474 , HB487 , HB503 , HB606 , HB633 , HB707 , HB720 , HB728 , HB733 , HB846 , HB852 , HB856 , HB868 , HB875 , HB112 , HB657 , HB221 , HB149 , HB901 , HB148 , HB354

Keywords: women, chemistry industry, Louisiana, recognition, workforce, commendation, leadership, faith, community service, Bishop Weidner, log truck drivers, transportation safety, log industry, pastor, Church of Pentecost, forestry, tree farming, W.H. Ward Properties, community support, Louisiana Forestry Association

Bills: HB7006 , HR992

Keywords: appropriations, national security, foreign aid, transparency, democracy, House Resolution 992, H.Res. 992, HR 992, rule resolution, procedural rule, Rules Committee, Committee of the Whole, previous question, motion to recommit, waiver of points of order, closed rule, structured rule, FY2026 appropriations, consolidated appropriations, federal spending

Transcript Highlights:

• I would just suggest that it be a multilateral conversation that includes the Department of Finance,

Transcript Highlights:

• I would just suggest that it be a multilateral conversation that includes the Department of Finance,

Summary: The Assembly Budget Subcommittee on Human Services opened its first hearing of the year with a discussion centered on CalFresh, the Department of Social Services, and related anti-poverty and immigrant services programs. Chair Jackson framed the hearing as a response to the “historic and enormous challenges” created by H.R. 1, emphasizing that the committee’s goal was to minimize harm to vulnerable Californians. No votes were taken in the hearing. The first major topic was the impact of H.R. 1 on CalFresh eligibility and administration. CDSS estimated major federal funding reductions, with hundreds of thousands of Californians potentially losing benefits under new time limits and work requirements for able-bodied adults without dependents, and additional losses among certain non-citizen groups. County welfare directors, eligibility workers, SEIU, and other advocates argued that counties are underfunded and understaffed to implement the new rules, and urged release of the previously authorized $20 million General Fund, a county match waiver, and an additional ongoing workforce investment. LAO and the Department of Finance said they were reviewing the administration’s proposals and emphasized the need to use existing data, automation, and statutory direction to reduce administrative burden and improve implementation. A second panel addressed county administrative backfill and the broader fiscal effects of H.R. 1. CDSS explained that the law shifts more administrative costs to the state and counties beginning in federal fiscal year 2027 and could also create future state benefit costs tied to payment error rates. County and food bank representatives warned that many counties will struggle to absorb the higher match and that penalties tied to payment error rates could worsen budget pressure. Members pressed Finance and CDSS for clearer timelines, written responses, and more detailed workload assumptions, while Finance said it was still analyzing the federal guidance and county resource needs. The final major topic was the California Food Assistance Program (CFAP) and possible state responses for people losing federal CalFresh eligibility. CDSS said CFAP remains limited by statute and by the federal structure it currently uses, but that the planned expansion to Californians age 55 and older regardless of immigration status remains on track for October 1, 2027, subject to funding. Immigrant advocates urged the state to fold newly excluded humanitarian immigrants into CFAP and to invest in outreach and administration, while Western Center on Law and Poverty proposed a broader state-funded anti-hunger response for people cut off by H.R. 1. LAO noted that the CFAP expansion is difficult to estimate and that further policy and technical work would be needed to assess costs and implementation options.

Transcript Highlights:

• The California Fair Lending Examination Act.
• fair lending examination whenever risks or red flags are identified.
• fair lending examination whenever risks or red flags are identified.
• fair lending examination whenever risks or red flags are identified.
• I'm the Executive Director of the Responsible Business Lending Coalition.

Committee: Senate Banking and Financial Institutions

Transcript Highlights:

• It is clear that the solvency of the SBA's lending programs is a priority.
• SBA lending platform for 7A, 504, and express loans.
• It's the first rule of lending.
• to harm our prudent lending.
• The first rule of lending is know your borrower.

Committee: Senate Small Business and Entrepreneurship Committee

Keywords: SBA, 7A loan program, underwriting standards, loan defaults, Community Advantage Program, small business funding, testimony

Summary: The committee meeting focused on discussions regarding the SBA's 7A loan program and its implementation challenges. Members raised significant concerns about recent changes to the underwriting standards, which have been criticized for leading to an increase in loan defaults. Ranking members expressed a desire for a return to stronger guidelines to protect taxpayers and ensure the program remains a viable source for small businesses struggling to secure funding. Testimonies from community lenders highlighted their efforts to support underserved communities and stressed the importance of the Community Advantage Program.

Transcript Highlights:

• The California Fair Lending Examination Act. You can just sit there. What the bill does.
• The California Fair Lending Examination Act. You can just sit there. What the bill does.
• fair lending examination whenever risks or red flags are identified.
• I'm the Executive Director of the Responsible Business Lending Coalition.
• Glazer's bill around trust and what is it called, truth in lending bill.

Summary: The committee heard AB 801, which would require the Department of Financial Protection and Innovation to conduct fair lending examinations of lenders on a regular schedule. The author and supporters, including the Greenlining Institute and several housing and consumer groups, argued the bill was needed because federal fair lending enforcement has weakened and California borrowers of color continue to face lending disparities. Banking and credit union representatives opposed the bill as duplicative and costly, though they acknowledged the author’s amendments and continued negotiations. The bill was approved on a vote and re-referred to Judiciary, with some members voting no or not voting at first and later the measure passing on a fuller roll call. The committee then heard AB 871, which would strengthen elder fraud protections by requiring financial institutions to report suspected financial abuse to the FBI’s Internet Crime Complaint Center and notify customers of the report. The author and county and adult protective services supporters said the bill would improve pattern detection and help stop or reverse scams more quickly. Bankers opposed the customer-notification requirement, warning it could alarm seniors and that the reporting process would add operational burden, but the author and supporters said victim information is important for investigations. The bill passed with committee support and was re-referred to Judiciary. AB 1842 and AB 1847, both related to mortgage forbearance after major disasters and the Eaton and Palisades fires, were also heard. AB 1842 would create a statewide framework for forbearance after federally declared major disasters, and AB 1847 would extend relief for wildfire survivors; both bills were amended to narrow triggers, clarify repayment and documentation issues, and remove some reporting requirements. Supporters included local officials, consumer groups, and housing advocates, while mortgage and banking groups remained in opposition on some implementation points but said they were working toward compromise. Both bills were approved and re-referred to Judiciary. Finally, AB 2116, dealing with merchant cash advances and small business financing transparency, was heard with broad support from small business and consumer advocates and partial support from some industry representatives after amendments; opponents still raised concerns about disclosure authority and unconscionability standards. The bill was also approved and sent to Judiciary. The committee additionally adopted a consent calendar of unrelated bills.

Transcript Highlights:

• Our focus is on small business lending.
• We make commitments to them, and then once we've made a commitment to the lending partner, those lending
• So we loan the lending partner money at 2%.
• The lending partner might lend the money out to a small business at 5%, 6%, or 7%.
• I sat down with Each of our lending partners.

Committee: House Investments & Pensions Oversight Committee

Transcript Highlights:

• agreements that are common everywhere east of here throughout the United States, where you have multilateral
• c><04:05:12.239><c> have</c> the United States where you have the United States where you have multilateral
• <04:05:13.120><c> agreements</c><04:05:13.520><c> among</c><04:05:13.920><c> utilities</c> multilateral
• agreements among utilities multilateral agreements among utilities that<04:05:14.800><c> dictate</c>

Transcript Highlights:

• </c> a New Concept the first lending a New Concept the first lending Authority<00:08:35.560><c> was</
• </c> board meeting we approved our lending board meeting we approved our lending policies<00:20:50.679
• and procedures The Lending policies and procedures The Lending policies<00:20:53.440><c> and</c><00:
• Lastly, Vol indicated that we did codify our lending standards.
• </c><00:41:33.640><c> uh</c> controls in our uh our lending uh controls in our uh our lending uh operations

Committee: Senate Energy, Utilities, Environment, and Climate

Transcript Highlights:

• And to identify patterns of discriminatory lending and investment practices.
• and the proportion of that lending to low- and moderate-income borrowers.
• and the proportion of that lending to low- and moderate-income borrowers.
• Credit unions exist to offer pooled savings and lending services for member owners.
• The style and the ways of lending has changed dramatically.

Summary: The Assembly Banking and Finance Committee met to hear several bills, beginning with a consent calendar that included AB 665 and AB 866, both adopted on a do pass basis and referred to Appropriations. The committee then took up AB 801, which would create a California Community Reinvestment Act to require covered financial institutions, including state-chartered banks, credit unions, residential mortgage lenders, and money transmitters, to meet the financial needs of low- and moderate-income communities and communities of color. The author and supporters argued the bill would close gaps left by the federal CRA, address redlining and discriminatory lending, and expand investment in housing, small business, and community development. Support came from community groups, CDFIs, labor, and housing advocates, while opposition from mortgage bankers and credit unions argued the bill would impose costly new reporting and regulatory burdens, especially on institutions they said already serve underserved borrowers well. Committee members discussed the scope of the bill, the experience of other states with state CRA laws, and possible carve-outs or tiered treatment for smaller credit unions. AB 801 was passed as amended and referred to Appropriations, with the roll left open and later completed; one member voted no and others were not voting or voted aye as the roll was finalized. The committee also heard AB 743, which would require licensing and surety bonds for commercial lawsuit financing and bring those transactions under DFPI oversight. The author said the bill was aimed at a largely unregulated, multi-billion-dollar industry and was intended to increase transparency and address concerns about foreign interests, fraud, and abusive litigation funding practices, while not affecting consumer legal funding. Supporters, including Unified Patents, the Civil Justice Association of California, the California Chamber of Commerce, the California Trucking Association, and the American Property Casualty Insurance Association, said the bill was an important first step toward disclosure and regulation. There was no opposition testimony. AB 743 passed unanimously as amended and was referred to Appropriations, with the roll held open briefly for absent members before the committee adjourned.

Transcript Highlights:

• A public bank could leverage deposits to multiply lending.
• It says $1 of deposits can become $3 to $10 in community lending.
• Banks hold capital in reserve, and they can lend.
• Banks hold capital in reserve, and they can lend as a multiple of that equity.
• “However, Washington State currently does have various lending programs and services.

Summary: The committee first received a JLARC work session on the 2025 tax preference performance reviews, covering nine tax preferences and recommending legislative action on eight. JLARC reviewed natural gas transportation fuel preferences, travel agent and tour operator B&O rates, a property tax exemption for nonprofit low-income housing developers, and several shorter reviews including senior center property tax relief, a disabled veteran adapted housing remittance, trade convention nexus treatment, wholesale sales of fertilizer/pesticides/seed, a hazardous substance tax exemption for pesticides stored for out-of-state shipment, and three energy-related preferences for a silicon smelter. JLARC generally recommended continuing preferences that met stated or inferred objectives, modifying some to improve reporting or performance metrics, and allowing the unused silicon smelter preferences to expire. The Citizen Commission endorsed JLARC’s recommendations, and committee members asked a few clarifying questions, including about trends in travel agent/tour operator beneficiaries and the housing exemption’s performance metric and data issues. The committee then heard a work session and public hearing on Senate Bill 5754, which would create a Washington State public bank. A presentation from California public banking advocates and the Bank of North Dakota described public banks as government-owned financial institutions intended to keep public funds working locally, support lending for housing, infrastructure, and community development, and partner with community banks and credit unions. Committee questions focused on leverage, liquidity, constitutional issues, and how the model would interact with existing state investment and debt structures. Staff summarized the bill’s structure, including activation conditions, governance, powers, and fiscal impacts, noting the fiscal note was largely indeterminate and startup costs could be significant. Public testimony on SB 5754 was divided. Supporters included statewide elected officials, county and city officials, labor, educators, community advocates, and residents, who argued the bank could lower borrowing costs, improve access to capital, keep public money in Washington, and help finance infrastructure, housing, and disaster resilience. Opponents included community bankers and county treasurers, who warned about risks to safety and liquidity of public funds, questioned the need for a new institution given existing programs, and argued the proposal lacked a proven track record in Washington. The hearing concluded with no vote taken in the transcript.

Transcript Highlights:

• </c> Minnesota's existing payday lending law. Minnesota's existing payday lending law.
• </c> the Exodus Lending folks for coming. the Exodus Lending folks for coming.
• payday lending isn't available.
• </c> opportunities for exploitive lending. opportunities for exploitive lending.
• </c> payday lending isn't available. payday lending isn't available.

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

Committee: House Commerce Finance and Policy

Keywords: real estate, appraisers, disciplinary actions, sanction matrix, Minnesota Statutes, direct primary care, healthcare agreements, medical services, patient care, health insurance, mortgage fees, residential loans, commercial loans, finance regulations, investment properties, insurance, supplemental health insurance, short-term care, home health care, nursing care

Transcript Highlights:

• It says $1 of deposits can become $3 to $10 in community lending.
• Banks hold capital in reserve, and they can lend.
• Banks hold capital in reserve, and they can lend as a multiple of that equity.
• However, Washington State currently does have various lending programs and services.
• So it reduces a tremendous amount of overhead. ...and get that subsidized lending.

Bills: SB5754

Committee: Senate Ways & Means

Keywords: public bank, state bank, finance, banking regulations, economic development, state investment

Transcript Highlights:

• Small business lending and innovative projects like community land trusts.
• variety of activities such as investing in affordable housing tax credits, direct giving, direct lending
• and the proportion of that lending to low- and moderate-income borrowers.
• Credit unions exist to... ...offer pooled savings and lending services for member owners.
• They see the opportunity to have a thriving community and to have their lending standards that are in

Committee: House Banking and Finance

Transcript Highlights:

• Without using public funds or lending the credit of the state, the commission can issue non-recourse
• We're not lending the credit of the state in any way.
• So right now in our current statute we are precluded from doing that direct lending.
• that lending, combined with the elimination of the prohibition against the use of public funds.
• that lending, combined with the elimination of the prohibition against the use of public funds.

Bills: HB2118 , HB2236

Committee: House Housing

Keywords: common interest communities, restrictions, property rights, homeowners association, community governance, housing finance, affordable housing, housing commission, state agency, financial assistance

Transcript Highlights:

• Without using public funds or lending the credit of the state, the commission can issue non-recourse
• We're not lending the credit of the state in any way.
• So right now in our current statute we are precluded from doing that direct lending.
• that lending, combined with the elimination of the prohibition against the use of public funds.
• without defining what type of borrowers or defining what type of lending or the purpose of that lending

Summary: The Housing Committee held public hearings on two bills. HB 2118 would limit homeowners associations’ ability to adopt or enforce new covenant restrictions on the use of a unit that are more onerous than those in place when the owner bought the property, unless the owner agrees in writing. The sponsor said the bill is meant to protect buyers from having the rug pulled out from under them on things like chickens or renting part of a home. Staff explained the bill’s grandfathering and recording provisions, and that it excludes rules required by law. Testimony was split: supporters emphasized fairness, certainty, and protecting relied-upon uses, while opponents from HOA and management groups argued it would create fragmented enforcement, higher costs, administrative complexity, and conflict within communities, and that existing law and court decisions already address these issues. The committee closed the hearing without taking a vote. HB 2236 would update Washington Housing Finance Commission statutes. The bill would allow the commission to make direct mortgage loans, extend the term of the commission attorney, remove advance notice to the state finance committee before bond issuance, repeal the housing finance program and housing finance plan requirements, and revise the commission’s purpose language. The sponsor and commission said the changes would modernize outdated statutes, improve efficiency, and give the commission more flexibility to use its revenues and financing tools for affordable housing, gap financing, preservation, and starter homes. Committee members asked about the commission’s bond structure, default risk, and the meaning of “public funds,” and the commission said the transactions remain third-party and tax-exempt, with no state credit risk. Banking industry witnesses said they generally support the commission’s mission but wanted clearer limits on direct lending and the use of public funds, and they were working with the commission on amendment language. Committee members expressed support for the collaboration and the goal of increasing housing production. No votes were taken; both hearings were closed and the committee adjourned.

Transcript Highlights:

• I'm the executive director of the Responsible Business Lending Coalition.
• For Responsible Lending, and available for questions and answers.
• For the record, my name is Andrew Kushner from the Center for Responsible Lending.
• For the record, my name is Andrew Kushner from the Center for Responsible Lending.
• Lewis Cated Speck, Responsible Business Lending Coalition, in strong support.

Summary: The Assembly Banking and Finance Committee met to hear several bills focused on consumer and small business financial protections. SB 97, by Senator Grayson, would update and clarify California’s digital financial assets law; supporters from the blockchain industry and consumer groups said it would improve compliance clarity while preserving room to align with possible federal action. The committee passed SB 97 on a due-pass motion to the Privacy and Consumer Protection Committee, with the roll left open for absent members. The committee also heard SB 362, which would strengthen disclosure rules for small business financing by requiring clearer pricing information throughout the marketing process. Supporters said the bill would help small businesses compare offers and avoid harmful financing, while some industry groups objected to the bill’s treatment of communications and APR disclosures during negotiations. After discussion, the committee passed SB 362 to the Judiciary Committee, with several members voting aye and the roll left open. SB 784, a bill addressing predatory home-improvement and solar financing practices, drew extensive testimony. The author and supporters described scams targeting seniors, low-income homeowners, and non-English speakers, and said the bill would add safeguards such as confirmation calls, document access, fee transparency, and longer cancellation periods. Solar industry groups moved to neutral after amendments, while banks and other lenders raised concerns about overbreadth and impacts on legitimate lending. The committee passed SB 784 to Judiciary, with some members not voting or changing votes during the roll call. Finally, SB 825 sought to give the Department of Financial Protection and Innovation clearer authority to enforce existing consumer financial protection laws against its licensees, especially in light of reduced federal CFPB enforcement. Supporters argued California needs independent state enforcement tools, while banking and mortgage groups opposed the bill as duplicative and unnecessary, urging coordination with federal regulators and proposing narrower amendments. The committee passed SB 825 to Appropriations on a due-pass vote, and then adjourned after completing the agenda.

Transcript Highlights:

• Now, unlike other states, California law requires these financing entities to obtain a lending license
• We have arrived at a solution that encourages mutually beneficial lending activity in California while
• processes for each of their affiliated lending vehicles.
• vehicles, with the fee paid for the advisor and each... ...their advisor lending vehicles, with the
• By enabling institutional funds to participate more readily in California's commercial lending markets

Summary: The Senate Committee on Banking and Financial Institutions met with an initial lack of quorum, so the hearing began as a subcommittee. The main item heard was SB 972, authored by Senator Grayson, which would modernize California’s licensing rules for non-bank commercial lenders by creating a streamlined umbrella license for SEC-registered investment advisers and their advised lending vehicles. The author and sponsor, LSTA, said the current California Financing Law can cause duplicative licensing, long delays, and reduced access to capital for middle-market and large California businesses, while the bill would preserve DFPI oversight and increase fee revenue. No one testified in opposition, and no registered opposition appeared. After quorum was established, the committee took up the bill and advanced it on a 4-0 vote, with the roll held open for absent members. The committee also later took up the consent calendar, which was adopted on a 6-0 vote after the meeting reconvened. When the committee reconvened with a quorum, it formally adopted the consent calendar and then approved SB 972 on a 6-0 vote with a do pass recommendation to the Senate Judiciary Committee. The meeting then adjourned.

Transcript Highlights:

• And this continues state-run lending programs. Why is the state lending money?
• They can lend money based on whatever they want to lend money on unless the government has stepped in
• Why is the state lending programs. Why is the state lending money?
• We have<00:58:22.400><c> lending.
• </c> role in lending money? role in lending money?