Transcript Highlights:

• They're working on the Texas Stock Exchange, they're doing some things to help Texas, and we're thankful
• The proposal received only 55% support, and BlackRock owns over 15 percent of Jack-in-the-Box stock.
• Investor Institute recommended tripling people's exposure to China, if anyone knows about how their stock

Bills: SB312 , SB945 , SB946 , SB1367 , SB1861 , SB2044 , SB2337 , SB2403 , SB2819 , SJR54

Committee: Senate State Affairs

Keywords: public school funding, education, budget allocation, financial transparency, state law, local control, fiduciary responsibility, public retirement systems, investment management, proxy voting, financial factors, insurance, political shareholder proposals, fossil fuels, greenhouse gas emissions, environmental regulation, discrimination, credit extension, social credit, value-based standards

Transcript Highlights:

• local option sales tax for affordable housing, known as $1590, for rehabilitation of existing housing stock
• This change unlocks additional funding for preservation of our affordable housing stock, which is key

Bills: SB6114 , SB6244

Committee: House Finance

Keywords: excise tax, definitions, tax law, taxation, fixtures, affixed, tax exemption, agriculture, hazardous substances, crop protection, warehousing, 904, all

Transcript Highlights:

• We have tremendous seed stock and cow-calf operations throughout the state.
• We have tremendous seed stock and cow-calf operations throughout the state, backgrounders, feeders, stockers

Committee: Senate Agricultural Affairs

Keywords: 989, all

Transcript Highlights:

• for Humanity are a great example of doing more for less and meaningfully contributing to the housing stock
• He spent his childhood in a small Toronto mining town up in Canada, helping to stock the shelves at his

Summary: The Senate convened with a quorum, offered prayer and the Pledge of Allegiance, and then took up several floor items. The main policy item was SR 71 by Senator Arreguín, a resolution recognizing the importance of affordable homeownership in California. Supporters from both parties emphasized homeownership as a path to stability, wealth-building, and neighborhood strength, while noting the state’s high housing costs, racial disparities in ownership, and the role of nonprofit builders such as Habitat for Humanity and state programs like CalHome. The resolution passed 35-0, and Senator Arreguín then introduced Habitat for Humanity advocates visiting for Annual Advocacy Day. The Senate also confirmed three gubernatorial appointments: Trista Gonzalez as Director of the Department of Tax and Fee Administration, Aaron McGuire as executive director of the Board of State and Community Corrections, and Lee Herrick for reappointment as California Poet Laureate. All three confirmations were approved unanimously or near-unanimously. In addition, the body adopted SCR 115 by Senator Daly, recognizing Wear Red Day and February as Heart Health Month, with extensive remarks about women’s heart disease, stroke awareness, and the importance of listening to symptoms; the resolution passed 37-0. The Senate then adopted SR 75 by Senator Rubio, designating CalEITC Awareness Week to promote awareness of the state earned income tax credit, which supporters described as a key anti-poverty tool; it passed 29-0. During privileges of the floor, the Senate welcomed visiting British shadow housing secretary Sir James Cleverly and his wife, Lady Susanna Cleverly, who are in California through a USC Schwarzenegger Institute fellowship studying housing policy. The chamber also heard a committee announcement and a motion to move one file item to the inactive file. The session concluded with adjournment in memory of Frank Gehry, June Roberti, and Stephen Michael Ruda Flores, with members offering tributes to each and the Senate announcing its next meeting date.

Transcript Highlights:

• Now, all that's led to what we call the stocks-to-use ratio, which is a measure of our inventory levels
• Now, all that's led to what we call the stocks-to-use ratio, which is a measure of our inventory levels

Committee: Senate Agricultural Affairs

Keywords: 989, all

Transcript Highlights:

• We hold stock in companies like that. They're just large passive index funds.
• Or would we be forced to sell the stock when this Target CEO doesn't answer my emails?

Summary: The Assembly Committee on Public Employment and Retirement heard two bills. AB 1054 by Assemblymember Gibson would create a Deferred Retirement Option Program for eligible CHP officers and CAL FIRE firefighters, allowing them to work up to five additional years while their retirement benefits accrue in an interest-bearing account. Supporters, including representatives of CHP and CAL FIRE, said the bill would help retain experienced public safety personnel, address staffing strain, and remain cost-neutral to the state. Members generally supported the measure, and the committee passed it 7-0 and referred it to Appropriations. The committee then heard AB 1439 by Assemblymember Garcia, sponsored by the State Building and Construction Trades Council. The bill would require public pension and retirement systems to apply stronger labor standards when investing in California development projects, including prevailing wage, skilled-and-trained workforce, and labor neutrality provisions. Supporters argued that public pension investments should not back projects with wage theft, unsafe conditions, or poor labor practices, and that stronger standards improve project quality and returns. Opponents, including county retirement systems, builders, housing groups, and local government associations, warned the bill could interfere with fiduciary duties, increase costs, create litigation risk, and reduce housing and development activity. Committee members raised concerns about the bill’s scope, definitions, and possible impacts on housing and pension stability, but several said they were willing to give the author a chance to continue working on amendments. The author committed to further revisions and said the bill was still in early stages. The committee approved AB 1439 5-0, with one member not voting, and sent it to Appropriations. The meeting ended with brief farewell remarks for a committee consultant who is leaving for the Senate.

Transcript Highlights:

• We hold stock in those companies like that. They're just large passive index funds.
• shareholder, supposed to intervene and demand compliance with the bill, or would we be forced to sell the stock

Committee: House Public Employment and Retirement

Keywords: 988, house, all

Transcript Highlights:

• Another one here is an expansion of the qualified small business stock gain, which is effective now for
• any stock issued after the enactment of this bill.

Committee: House Federal Funding Stabilization Subcommittee

Transcript Highlights:

• those displaced by the fires, assist in freeing up other housing inventory, and increase the housing stock
• those displaced by the fires, assist in freeing up other housing inventory, and increase the housing stock

Summary: The Assembly Appropriations Committee met on March 19, 2025, adopted its committee rules unanimously, and then heard a series of housing, insurance, and disaster-recovery bills. Early bills focused on wildfire relief and insurance issues, including AB 238 on mortgage forbearance for Los Angeles County wildfire survivors, AB 493 on insurance payout interest for homeowners, AB 597 on consumer protections after disasters, and AB 226 on strengthening the California FAIR Plan’s liquidity tools. Supporters generally framed these measures as necessary protections for disaster survivors and market stability, while opponents and concerned witnesses raised issues such as investor guidelines, compliance conflicts, and market disruption. Several members also noted equity concerns and the need to balance relief with consistency across the state. The committee also heard a cluster of housing-production bills. AB 306 proposed a six-year pause on new state building code updates affecting residential construction and limits on local code modifications, drawing strong support from housing and building industry groups who argued it would reduce costs and improve predictability. It also drew opposition from code, environmental, and clean-energy advocates, who warned about safety, local control, and the loss of important code updates. AB 253 would allow licensed third-party professionals to perform plan checks if local review takes 30 days or more, and AB 301 would impose state-agency permitting timelines similar to those already applied to local governments; both were presented as ways to reduce delays and speed housing development. AB 462 would exempt ADU construction from coastal development permit requirements in Los Angeles County, especially to aid fire recovery and expand housing supply. After hearing testimony and brief member discussion on each measure, the committee placed the bills on suspense or advanced them as appropriate. In the suspense hearing at the end of the meeting, the committee took up the suspense-file bills and reported AB 226, AB 238, AB 301, and AB 306 out with due pass recommendations on roll call votes. The meeting then adjourned.

Transcript Highlights:

• then on the commercial side providers would have to decide whether they could afford to purchase and stock

Committee: House Health, Human Services & Elderly Affairs

Keywords: 1189, house, all

Transcript Highlights:

• So, if stocks go up, Bitcoin might stay flat. If stocks go down, Bitcoin might go up.
• So, if SC stocks go up, Bitcoin market.
• So, if SC stocks go up, Bitcoin might<01:21:12.320><c> stay</c><01:21:12.480><c> flat.
• If stocks go down, might stay flat.
• If stocks go down, Bitcoin<01:21:14.159><c> might</c><01:21:14.320><c> go</c><01:21:14.400><c> up.

Committee: Senate Ways and Means

Keywords: 1191, senate, all

Transcript Highlights:

• Net worth of households is up, and also the stock market was up in 2025.
• Net worth of households is up, and also the stock market was up in 2025.
• stocks, bonds, real<00:13:06.480><c> estate.
• They're seeing big gains, big stock market wealth gains.
• The growth that I just mentioned in stock market wealth, the top line shows the level.

Keywords: 912, senate, all

Transcript Highlights:

• and that's important for the University of Hawaiʻi Department of Agriculture to know where their breeding
• and that's important for the University of Hawaiʻi Department of Agriculture to know where their breeding
• and that's important for the University of Hawaiʻi Department of Agriculture to know where their breeding

Keywords: 912, senate, all

Summary: The joint committees first heard SB 1146, which would appropriate funds to the University of Hawaiʻi to develop an action plan and pre-engineering concept plan for debris management and water quality control in the Ala Wai Watershed. Testimony was largely supportive from DLNR, a UH student, and a special improvement district representative, while one speaker suggested the work should be coordinated with existing efforts to avoid duplication. Committee discussion focused on the multi-jurisdictional nature of the watershed, existing debris-trap work that captures only about 20 to 30 percent of debris, the role of the university in capstone projects and recommendations, and the relationship to the existing Geni project and other community efforts. Members also asked about costs, tracking progress, and the difference between water-quality improvements and the larger debris problem. The committees then voted to pass SB 1146 with amendments, including blanking out the appropriation and deferring the effective date to July 31, 2050. The motion passed in both committees, with votes recorded in support and no opposition noted during the decision-making. The committees also heard SB 321, which would deem certain fee simple privately owned lands transferred to adjacent property owners or community associations if specified conditions are met. Testimony was in support from several individuals, but members raised concerns about the lack of input from counties and the state, and about how the bill might affect roads already used by the public or maintained by local governments. After discussion, the committees voted to advance SB 321 unamended to the next committees, with the measure adopted in both committees despite one recorded no vote in the Water and Land committee.

Transcript Highlights:

• , firearm, machine gun, or any other firearm that is adaptable for use as a machine gun, or a bump stock
• . ...or a bump stock.
• And a bump stock is included in that?
• A bump stock is included in that? Senator Lawson. A bump stock is included in that? Yes.
• Are you aware that bump stocks are not illegal federally now? ATF says they're on that?

Keywords: 1064, all

Transcript Highlights:

• So the investments that we make in projects like this and in, say, the stock market, we invest fairly
• that area suggests that we feel pretty good about that investment, just like we feel good about our stock
• feel<01:02:21.599><c> good</c><01:02:21.799><c> about</c><01:02:22.000><c> our</c><01:02:22.200><c> stock
• </c><01:02:22.480><c> Investment</c> feel good about our stock Investment feel good about our stock Investment
• Is there return on investment in terms of the building or in terms of the stock market?

Keywords: 912, senate, all

Summary: The meeting covered several Senate resolutions related to the University of Hawaiʻi system, the East-West Center, and related education and workforce issues. On SCR 178 and SR 48, testifiers strongly supported the East-West Center, describing it as an important Hawaii asset that promotes cultural exchange, global citizenship, diplomacy, and ties to the University of Hawaiʻi. Speakers said the Center has helped train leaders and bring international connections and investment to Hawaii, and they urged continued funding despite federal cuts. The chairs then recommended passage with technical amendments, and both resolutions were adopted by the committees. The committee also heard testimony on resolutions calling for audits of University of Hawaiʻi operations. On SR 32 and SCR 50, the University of Hawaiʻi said it supported the resolution and had already begun work on establishing a Bachelor of Science in nursing at the UH Maui campus, with additional staff available on Zoom to answer questions. On SR 160 and SCR 142, which sought a financial and performance audit of UH Mānoa facilities, UH Athletics said it already undergoes annual financial audits required by NCAA bylaws but not performance audits, and discussed its internal evaluations, contingency planning, and efforts to address concerns raised by student athletes and staff. The committee then took up SCR 138 and SR 55, requesting a management and performance audit of the UH Office of the Vice President for Academic Strategy. Vice President Deborah Halbert and P20 Director Steve Shotz said they did not oppose the audit and believed it could provide clarity, while explaining that the office is relatively new and works collaboratively across campuses on articulation, transfer, grants, and workforce alignment. They described grant programs including Perkins, GEAR UP, preschool development, and data-sharing efforts, and said they are focusing more resources on teaching, health care, and skilled trades. The discussion also touched on SR 54, a proposed performance audit of the UH Foundation, where foundation representatives said they already undergo annual financial audits, acknowledged some donor communication issues, but emphasized improved stewardship and growth in fundraising over recent years.

Transcript Highlights:

• goal here is that we have golf courses, lodges, and different entities and venues that need to have stock

Bills: SB1365 , SB2139

Committee: House Government Oversight

Keywords: SB1365, Oklahoma Central Purchasing Act, procurement exemption, competitive bidding, state purchasing, Oklahoma Tourism and Recreation Department, tourism department, merchandise for resale, gift shops, lodges, golf pro shops, state parks, restaurant contracting, retail outlets, public procurement, purchasing flexibility, Title 74, emergency clause, restrictive covenants, discriminatory covenants

Transcript Highlights:

• </c><01:42:07.480><c> stocking</c> not responsible for them stock stocking not responsible for them stock
• Jim McCue with the Wyoming Stock Growers Association.
• </c> highest priorities as Wyoming Stock highest priorities as Wyoming Stock Growers<02:18:37.360><c>
• policy in Wyoming Stock Growers policy in Wyoming Stock Growers Association<02:23:04.640><c> is</c><02
• You know a lot about this issue and representing the stock growers.

Committee: Joint Agriculture, State and Public Lands & Water Resources

Keywords: 916, all

Transcript Highlights:

• Over the last two years, multiple acquisitions through all-stock deals by California Resources Corporation
• Both transactions were structured as all-stock deals, meaning control of the companies transferred without
• AB 2461 strengthens accountability by clarifying that even in the case of these all-stock transactions
• appreciate the work of the committee and thank the author for accepting amendments to remove the coal stock

Summary: The committee heard a series of natural resources bills, with several measures accepted on committee amendments and moved forward on party-line or near-unanimous votes. AB 2461 on oil and gas bonding and well-closure financial assurance drew strong support from environmental groups and some legislators, while an industry representative was neutral and warned about unintended consequences and reduced transfers. Senators Laird and Cabaldon supported the bill as a clarification of AB 1167, and the committee voted do pass as amended to Appropriations, with the bill placed on call. The committee also approved a consent calendar of 10 bills, which was moved and held on call. AB 53 by Assemblymember Ramos, as amended, would expand tribal eligibility for conservation grants and loans and express legislative intent to create a process for returning ancestral lands to federally recognized tribes. Tribal and environmental supporters argued the bill recognizes tribal stewardship and helps remove barriers to conservation participation, while county, farm bureau, and habitat league witnesses raised concerns about long-term land management, public accountability, easements, and jurisdiction if lands are transferred. Committee members emphasized the importance of preserving conservation protections and continuing work on the land-return framework; the bill was moved do pass as amended to Appropriations and held on call. AB 2679 on Lake Tahoe corridor safety and access was supported by local officials and the Tahoe Regional Planning Agency, who described dangerous parking, pedestrian conflicts, and a successful shuttle pilot, and the bill was moved do pass as amended to Appropriations. AB 1666, creating biomass innovation parks and other incentives for non-combustion uses of forest and agricultural biomass, received broad support from business, conservation, and local government witnesses, with senators framing it as a way to address wildfire debris and create rural jobs; it also advanced do pass as amended to Appropriations. AB 2494, which would modernize the demonstration state forest system and elevate biodiversity, recreation, carbon storage, and tribal stewardship over maximum sustained production, drew strong support from environmental and tribal advocates but significant opposition from forest industry, county, and research witnesses who warned it could undermine research, sustainable forestry, and local economies; the author said he would continue negotiations, and the bill was moved do pass to Appropriations. The committee also heard AB 2234, which updates the definition of geothermal exploratory projects, and AB 2521, which seeks to use the California Council on Science and Technology for watershed-wide water availability analyses to help identify excess water for groundwater recharge. Both bills had support from sponsors and some stakeholders, while AB 2521 drew concerns from agricultural water interests about agency reliance, public trust considerations, and funding. Both measures were moved do pass as amended to Appropriations. Finally, AB 2410 would extend a CEQA exemption for certain fuels-reduction projects in high fire-risk areas; local government groups supported it as a wildfire-prevention tool, while environmental and other opponents argued the remaining exemption still weakens habitat protections and public review, and one witness sought to remove conventional herbicides from the exemption.

Transcript Highlights:

• You know, one of the problems with investing in the stock market is how you need so much money.
• If you can buy $1 worth of that stock, so there is nobody now.
• So when you don't have that harmony between the two plans, it just frankly leads to housing stock not
• over the 10 years of your prior comprehensive plan with this affordable housing element, your housing stock

Summary: The House convened with a quorum, accepted the prior day’s minutes, and read several committee reports and communications into the record. Members also observed moments of silence for two young people who had recently died, and the prayer and pledge were offered before the chamber moved into business. Consent calendar number 28, consisting of several resolutions, passed by voice vote. A large portion of the meeting was devoted to tributes and retirement remarks for Representative Jeff Holowski, who was praised by colleagues for his work on financial literacy, veterans’ issues, health care, diabetes policy, and constituent service, as well as for his military service and community involvement. Holowski thanked staff, colleagues, and his family, and said he was retiring to spend more time with his wife, children, and grandchildren. The chamber also recognized former Representative Harvey Kenton as a guest. The House then acted on several measures. Senate Bill 286, as amended by House Amendment 1, passed 40-0 and extends consumer protections and dealer equity standards to ATVs, side-by-sides, and vessels. Senate Bill 179, which updates the Delaware Sentencing Accountability Commission and its bench book/data analysis process, passed 27-14. Senate Substitute 2 for Senate Bill 23, the housing supply and affordability bill, was presented with extensive explanation and questions about local control, zoning, and implementation, but the transcript ends before a final vote on that measure. Senate Joint Resolution 18, designating August 31, 2026 as International Overdose Awareness Day and directing flags at half-staff, was also discussed in emotional remarks about overdose losses and the state’s ongoing response. The House later recessed for party caucuses.

Transcript Highlights:

• And what if there's a big downturn in the stock market?
• And what if there's a big downturn in the stock market? Thank you, Mr. Chair.
• And what if there's a big downturn in the stock market, and so it's not coming close in 2036?
• at the language on page 6, line 16, and it says, included but not limited to real property, assets, stock

Summary: The committee took up a long agenda of appropriations and budget bills, with most of the early action focused on retirement cost-of-living adjustments. Senate Bills 1144, 1145, 1146, 1148, and 1149 all advanced, covering COLAs for retired teachers, public employees, police, judges, and a special “tweener” group of police and fire retirees. Members questioned the actuarial impacts, funded ratios, and timing of the apportionment changes, and the author explained that the retirement bills were based on TRS or system actuarial estimates and that the 2036 apportionment cutoff could be revisited by future legislatures. SB 1149 was described as a one-time $25,000 payment for a limited group of older retirees, with estimated costs of $3.5 million for police and $5.8 million for fire. Most of these retirement measures passed on votes of 23-24 ayes with one nay. The committee also considered House Bill 4071, creating the Oklahoma Dream Accounts Investment Program to match the federal “Trump accounts” with up to $250 per eligible child, capped at $12.5 million. Democrats criticized it as a poor use of funds and objected to the federal program’s uncertainty and the emergency clause; the bill passed 17-8. House Bill 4072 created a taxpayer endowment trust fund by moving $200 million from the Revenue Stabilization Fund and redirecting a portion of future gross production tax overages into the new fund until it reaches $1 billion, after which it would generate future revenue streams. Members raised concerns about investment risk, oversight, and whether the fund was a “shell game,” but it passed 18-6. Several agency budget and limit bills were also approved, including HB 4057 for $25 million to expand the Bureau of Narcotics headquarters, SB 1158 for $252,000 to fund medication for minors in custody, SB 1164 for the Department of Mental Health and Substance Abuse with $1.2 million in new appropriations plus $5.97 million for the 988 revolving fund, and HB 4040 for the Department of Health rural health transformation cash-flow needs tied to federal reimbursement. The committee also passed HB 4051 on FMAP preservation, SB 1161 for the Oklahoma Health Care Authority, SB 1162 for the State Department of Health, and SB 1163 for DHS, where the largest discussion centered on avoiding an Advantage waiver waitlist, SNAP administrative costs, and child abuse multidisciplinary care centers. Most of these bills passed with little or no debate, though some drew questions about federal matching dollars and reporting requirements. Education-related items were also approved, including HB 4030, the State Department of Education budget limits bill, which maintained prior-year funding for textbooks, early intervention, literacy coaching, school security, and other line items; HB 4044 for OEQA’s growth-based teacher compensation and NBCT stipends; HB 4065 for school security funding at the School of Science and Math; HB 4067 for the School for the Blind and School for the Deaf; and HB 4038 directing $5 million of ODOT FY27 appropriations to the eight-year work plan. The committee also advanced HB 4046, which directs funding to the Military Readiness, Innovation, Education, Aviation Revolving Fund for projects including McAlester, Fort Sill, Altus, and Enid, with members questioning why additional money was needed so soon after prior appropriations. Throughout the meeting, most measures were reported as passed by wide margins, with a few dissenting votes on bills viewed as controversial or as reallocating funds away from other priorities.