Transcript Highlights:

• Bank Minnesota advocates on behalf of only community banks across our state.
• Community banks are essential.
• Community banks are essential.
• </c> Ryder, president, CEO of Granite Bank. Ryder, president, CEO of Granite Bank.
• </c> bank banking presence in that county. bank banking presence in that county.

Bills: HF331 , HF916

Committee: House Taxes

Transcript Highlights:

• Services.
• Services, Department of Developmental Services, I think, are the big cost drivers in human services.
• services, foster care services, and adoptions.
• Services.
• Good evening, Kevin Buffalino, Sacramento Food Bank and Family Services.

Transcript Highlights:

• To your knowledge, does I-Bank—” “How do you measure the effectiveness?
• To your knowledge, does I-Bank have a good track record for their loans?
• Do we see the benefit of I-Bank?
• And that's the way I work with the I-Bank.
• So that borrowers can look and say, generally, what's the I-Bank looking for?

Committee: Senate Rules

Summary: The Senate Rules Committee met to consider several routine items and a gubernatorial appointment. The committee approved appointments not required to appear for Gina Castro Rodriguez to the Board of State and Community Corrections, Richard Stein to the California Arts Council, and Nicholas Hardiman to the California Housing Finance Agency Board of Directors. It also approved references to bills, committee and joint committee appointments, subcommittee ratifications, and floor acknowledgments. A rule waiver request from Senators Perez and Padilla to suspend the SR 22.5 bill-introduction limit was approved on a divided vote. The committee then heard testimony from Andy Nakahata, nominee for executive director of the California Infrastructure and Economic Development Bank (iBank). Nakahata described his background in infrastructure finance and said he would focus on stewardship, expanding awareness of iBank programs, and working with lenders, financial development corporations, and municipal advisors to reach more counties and communities. Members asked about equitable geographic access, creditworthiness standards, outreach to underserved areas, support for financially distressed hospitals, and the new California Transmission Accelerator program. Nakahata said iBank can work with public and nonprofit health care entities, that transmission financing would be a portion of larger project capital stacks, and that the bank’s role is financing rather than regulating utility tariffs or transmission costs. Public witnesses from the finance and legal sectors testified in support of Nakahata, praising his expertise and leadership. No opposition testimony was offered. The committee then voted unanimously to advance Nakahata’s nomination to the full Senate for confirmation.

Transcript Highlights:

• of free services all the way to the pay services?
• Thank you for your service.
• The services that are needed.
• We have federally chartered banks and state-chartered banks.
• with banks?

Summary: The committee first took up SB 1803, which would regulate non-accredited veterans benefits claims assistance by prohibiting unrecognized agents or attorneys from preparing or prosecuting claims, limiting compensation practices, requiring written disclosures and cancellation rights, and making violations subject to Attorney General enforcement. Supporters, including the sponsor and several veterans, said the bill would create needed guardrails against predatory actors while preserving veterans’ choice to use free or paid help. Opponents and some neutral testimony, including a VA-accredited attorney and representatives of the VFW and American Legion, argued the bill still lacked sufficient protections, raised federal preemption concerns, and should require VA accreditation instead. After debate over fees, back pay, and the availability of free services, the committee adopted an amendment and gave SB 1803 a do pass recommendation by a 5-2 vote. The committee then heard SB 1232, a strike-everything amendment dealing with outdoor advertising signs in military airport and ancillary military facility overlay zoning districts. The bill would allow signs on property with a military compatibility permit in areas otherwise treated as residential under a zoning designation, which the sponsor and property representatives said was needed to resolve an ADOT permitting loophole for a specific parcel near Luke Air Force Base and the Northern Parkway. Members questioned whether the change was narrowly tailored, whether other properties could be affected, and whether ADOT and federal highway beautification rules would be satisfied. After the amendment was adopted, the committee approved SB 1232 on a 4-3 vote, with several members saying they would reserve the right to change their votes on the floor. Finally, the committee began hearing SB 1511, which would prohibit operation of a commercial motor vehicle in Arizona unless the operator can prove lawful presence in the United States and would allow impoundment if proof is not provided. The sponsor introduced the bill with a lengthy explanation of commercial driver licensing history and concerns about non-domiciled and limited-term CDLs, contrasting them with Canadian and Mexican commercial licensing arrangements. The transcript cuts off before testimony, questions, or any action on SB 1511.

Transcript Highlights:

• Chair and esteemed members of the Banking Committee.
• The Senate Banking Committee did fantastic work on that.
• Financial Services Association.
• Financial Services Association, apologize for the late opposition. in the American Financial Services
• Assembly Banking and Finance Committee has adjourned. Banking and Finance Committee has adjourned.

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:

• I've been here as a result of service.
• I want to stress, though, this is not a bank.
• And so it's not a bank at all.
• Bank in FinTech or financial technology partnerships because this will require a bank somewhere in the
• It's vested in the existing banking system.

Bills: SB524 , SB782 , HB42 , HB 1056 , HB2894 , HB3033 , HB3474 , HB3594 , HB4738 , HB5246 , HB42

Committee: Senate Finance

Keywords: SB 524, Texas franchise tax, veteran-owned business, new veteran-owned business, business tax exemption, filing fee exemption, Tax Code Chapter 171, Business Organizations Code, Comptroller, small business, veterans, entrepreneurship, tax repeal, privilege tax, beginning date, franchise tax exemption, severance tax, oil, gas, restimulation wells

Summary: The committee heard Senator Flores lay out the committee substitute for HB 2894, which would expand state reimbursement eligibility for local governments disproportionately affected by the disabled veterans homestead exemption. Flores said the bill would add certain municipalities in Bell, Coryell, and Lampasas counties if lost ad valorem tax revenue equals or exceeds 10% of general revenue, while existing recipients would remain under the current 2% threshold. Lampasas and Bell County officials and the City of Killeen testified in support, describing significant revenue losses and urging adequate funding. One witness, Howard Avery, argued any reimbursement should be counted as property tax revenue for voter-approval rate purposes to avoid a windfall. The committee later adopted the substitute and reported the bill favorably, with one nay. The committee also heard SB 782, which would create a temporary severance tax exemption for restimulated inactive oil and gas wells, intended to encourage investment in mature wells. The Comptroller explained the revised fiscal note as effectively zero because the wells are currently marginal and not generating meaningful tax revenue, while industry witnesses said the bill could extend well life, support local economies, and reduce orphan-well liabilities. Public testimony was supportive, and the bill was left pending. Members then heard HB 3033, a DPS-related grant program funded by voluntary $3 donations on driver’s license and ID applications to support nonprofits aiding injured or fallen DPS officers and their families, including memorial highway signs. The DPS Officers Association supported the bill, citing existing foundation assistance and the need for a steady funding stream. The committee later reported the bill favorably. The committee also considered SB 524, which would permanently extend the franchise tax and fee exemption for qualifying veteran-owned businesses for their first five years; testimony from a veteran business owner and veterans advocates supported the measure, and the committee adopted the substitute and reported it favorably. Additional measures were laid out and left pending or voted out: HB 3594, a local San Antonio retiree health care fund bill with agreed changes for contributions, spouse benefits, and remarriage rules, was supported by stakeholders and reported favorably; HB 4738 would repeal small administrative fees tied to certain loans and was reported favorably; HB 42 on HEAF funding and HB 5246 on the Texas Space Commission were heard and left pending. The committee also reported HB 3474, a cleanup bill for the Pension Review Board’s investment performance review schedule, and HB 2802, the Austin firefighter retirement fund bill, both favorably. Finally, the committee took up HB 1056, which would allow gold and silver held in the Texas Bullion Depository to function as legal tender through debit-card transactions. Supporters framed it as a way to use hard assets and expand financial options, while bankers and some senators raised major operational, consumer-protection, tax, and constitutional questions; the bill remained under discussion as testimony began.

Transcript Highlights:

• for service members.
• level because you’re talking about federally chartered banks.
• And with that, I'm going to turn it over to Josh to talk about charity services.
• from Bank of America.
• but in the context of That never arrives, or they pay for a service they never receive.

Summary: The Consumer Protection and Business Committee held a work session on emerging consumer protection issues, focusing on elder fraud, charity fraud, and the impact of artificial intelligence on scams. Assistant Attorneys General from the Consumer Protection Division described the division’s broader enforcement work, including actions on rent stabilization, government imposter scams, service member refunds, senior living facilities, data breaches, and cases involving TikTok and Meta. They said elder fraud is often the same fraud seen in other age groups, but older adults tend to lose more money when victimized, especially in imposter scams and investment scams. The attorneys reviewed FTC data showing rising fraud losses nationwide and in Washington, with social media, bank transfers, cryptocurrency, and gift cards highlighted as especially important channels for losses. Members asked about underreporting, recovery of funds, and what consumers should do when they suspect a scam. The presenters said complaints can be reported to the Attorney General’s Consumer Resource Center and DFI, and that the most effective policy responses would likely target payment methods, especially crypto kiosks and other fast, irreversible transfer systems. They also said the AGO uses enforcement, consumer education, and scam alerts, but that many scams are difficult to pursue because perpetrators are overseas or untraceable. On charity fraud, the Charitable Asset Protection Team described several deceptive practices, including false charities, imposter charities, fundraising-first charities, causewashing, and point-of-sale solicitations. They said charity scams are underreported because donors often do not realize they were misled, and they pointed to concerns about crowdfunding platforms and commercial fundraising processors, including the collapse of Flip Cause and unpaid donations to Washington charities. The presenters recommended modernizing the Charitable Solicitation Act, increasing transparency and disclosure for point-of-sale fundraising, and strengthening public education through the AGO and Secretary of State programs such as Assured Giving and Assured Impact. The presentation closed with a discussion of AI, which the attorneys said is making scams harder to detect through deepfakes, voice cloning, AI-generated messages, and automated scam operations. They said AI can also be used to create fake charities and online ecosystems that appear legitimate, and noted that business and charity registration systems can often be completed without human interaction. No votes were taken; the committee adjourned after questions and discussion.

Transcript Highlights:

• We have contractual service findings related to bids and satisfactory receipt of goods and services.
• Construction using their own services.
• Um, the best I can is that they were hired for strategy services.
• The person that balances the checkbooks has no access to the bank itself.
• The person that balances the checkbooks has no access to the bank itself.

Summary: The Joint Legislative Auditing Committee received a presentation from Auditor General staff on recurring findings from audits of district school boards, colleges, and universities. For school districts, the main issues discussed included missing or outdated safe-school officer training documentation, weak purchasing-card controls, vendor banking-change fraud risks, incomplete background screenings and disqualification-list procedures, missing website budget disclosures, excessive or untimely IT access, late deactivation of former employees’ access, missed emergency drill deadlines, inaccurate capital outlay and resiliency education records, weak tangible property inventories, adult education reporting errors, untimely bank reconciliations, and improper use of workforce development funds. The auditors said many of these issues are repeated from prior years and are summarized in their annual report on significant findings and financial trends. For universities and colleges, the auditors highlighted similar control weaknesses, including vendor information change controls, IT access issues, cash and investment reconciliation problems, purchasing and procurement deficiencies, personnel and compensation issues, and student fee compliance concerns. Specific examples included a UF consulting contract totaling about $6 million, FAU underreporting carry-forward balances by about $77 million, UCF’s payment loss of about $107,000 from an email scam tied to vendor changes, and a North Florida College unauthorized transfer involving a few hundred thousand dollars. The committee asked questions about the UF consulting work, the FAU carry-forward issue, and whether the listed findings meant every named entity had every issue; auditors clarified that the lists reflected entities with findings in those categories, not necessarily each specific problem. The committee then turned to enforcement for entities with long-standing uncorrected audit findings. Staff reported 144 entities with 197 findings repeated in three or more successive audit reports and recommended sending letters requesting updated corrective-action status, including for late-filed 2022-2023 reports where appropriate. The committee approved the staff recommendation and directed letters to be sent. The meeting ended with members emphasizing the importance of audit oversight and taxpayer accountability.

Transcript Highlights:

• </c> covered by our community banks. covered by our community banks.
• </c> exceptional service. That's not true. exceptional service. That's not true.
• actually was in banking.
• other banks.
• I've worked at a bank 15 years.

Summary: The committee met with a quorum, approved the September 16 minutes, and then received an update from Insurance Commissioner Sharon Clark and staff on the Department of Insurance. Clark reviewed department activity, including growth in premium volume and licensing, consumer complaints and recoveries, and a rise in fraud referrals. She said the department has 66 open fraud cases and described common schemes such as staged auto accidents, inflated repair or cleanup charges, and roofing scams. She also said the department’s investigators often prepare strong cases but face reluctance from local prosecutors, especially in Fayette and Jefferson counties, to pursue them. Clark reported favorable workers’ compensation news, saying rates will decrease 9.7% next year for the 20th straight year. She contrasted that with a difficult property insurance market driven by storms, reinsurance costs, inflation, labor shortages, and litigation, but said Kentucky’s market remains relatively stable, citing the Kentucky Fair Plan’s small number of policies. She then warned of significant 2026 health insurance premium increases on the exchange: 16.1% for Molina, 23% for Anthem, and 37% for WCare, after CareSource withdrew. She said the rates were reviewed by actuaries and found fair, but that the biggest pressure point is the scheduled expiration of enhanced premium tax credits, which she said could leave about 90% of exchange enrollees facing a compounded increase. Members questioned Clark about fraud prosecution, the number of people in commercial versus public coverage, and the impact of expiring subsidies. Clark said the prosecution issue is mainly with Commonwealth attorneys and that rural counties are more cooperative than urban ones. She also said the health market is individually rated and that older enrollees would be hit harder, while the loss of tax credits could push some people out of the marketplace. One member asked about the attorney general’s recent opinion on SB 188, the PBM bill; staff said attorneys were still reviewing it. Clark closed by noting that Kentucky’s fraud and towing/storage legislation has become a model for other states.

Transcript Highlights:

• Also noting that the Department of Health Care Services and Department of Social Services are here to
• Or they could be community service, which I can think of many community service groups that go out into
• Or they could be community service, which I can think of many community service groups that go out into
• We also know that food banks and other community organizations... ...health services.
• health services.

Committee: Senate Budget and Fiscal Review

Transcript Highlights:

• various services.
• . 3,700 and 400 paid to a council member for cleaning services and mowing services, respectively. 1319
• I thank you for your service.
• You're not a bank. Well, no. And you can't loan money. You're not a bank. That's right.
• a contract for services.

Committee: All LEGISLATIVE JOINT AUDITING-COUNTIES AND MUNICIPALITIES

Transcript Highlights:

• So it is a lot of credit unions and banks may have CDFIs.
• So they're working off that with their servicing center.
• As you can see, we're working with these banks: Western Commerce Bank, US Bank, Washington.
• Fed, Enterprise, New Mexico Bank of Deming, Enterprise Bank of Trust, Nusenda, Bank of Clovis.
• We provide four main services as an association.

Committee: House New Mexico Finance Authority Oversight Committee

Transcript Highlights:

• I don't own a bank. I don't sit on any bank boards or anything, right?
• So those aren't being held by the bank, but the bank has to be involved in every single transaction,
• If they come into New Mexico, they knew they need a bank, a local bank.
• in New Mexico because people bank in New Mexico, and we need to tie them to local banks.
• Us having a custody bank doesn't make it any harder for them to work with a local bank.

Transcript Highlights:

• appointment of Andy Nakahata as executive director of the California Infrastructure and Development Bank
• After three decades in the private sector, entering state service was a deliberate choice.
• He said that is the way he works with the I-Bank.
• So that borrowers can look and say, generally, what's the I-Bank looking for?
• My name is Sean Boyer, and I'm a managing director with Siebert William Shank and Investment Bank.

Committee: Senate Rules

Summary: The Senate Rules Committee met to consider several governor’s appointments and procedural items. The committee approved, largely on unanimous or near-unanimous votes, the appointments of Gina Castro Rodriguez to the Board of State and Community Corrections, Richard Stein to the California Arts Council, and Nicholas Hardiman to the California Housing Finance Agency Board of Directors. It also approved references to bills, committee appointments, subcommittee ratifications, joint committee appointments, and floor acknowledgments. A motion to grant rule waivers for Senators Perez and Padilla to introduce additional measures under SR 22.5 drew opposition from Senator Grove and ultimately passed on a 3-2 vote in the final tally. The committee then heard testimony on the appointment of Andy Nakahata as executive director of the California Infrastructure and Economic Development Bank (IBank). Nakahata described his background in finance and infrastructure lending and said he would focus on expanding access to IBank programs statewide, especially in underserved and rural areas. Members questioned him about outreach equity, county-by-county loan activity, creditworthiness standards, the California Transmission Accelerator, and financing for public hospitals and other infrastructure projects. He said IBank works through financial development corporations, municipal advisors, and other partners, monitors geographic reach, and can work with applicants to adjust loan size or identify additional funding sources when projects are not fully creditworthy. Public witnesses spoke in support of Nakahata, including representatives from Siebert William Shank and O’Melveny/other public finance firms, who praised his expertise and leadership. No opposition testimony was offered. The committee voted 5-0 to move Nakahata’s appointment to the full Senate for confirmation. After completing a final roll call on the earlier agenda items, the committee adjourned its public session and announced it would move into executive session.

Transcript Highlights:

• Standard bank debt-to-service cash ratios, cash flow, qualitative and quantitative measures. requirements
• Standard<00:31:48.120><c> bank</c><00:31:48.640><c> debt-to-service</c><00:31:49.480><c> cash</c> Standard
• bank debt-to-service cash Standard bank debt-to-service cash ratios,<00:31:50.480><c> cash</c><00:31
• We have worked with banks across the state, Stearns Bank, Sunrise Bank, Midwest Bank.
• So, we have Bank, Midwest Bank.

Committee: Senate Energy, Utilities, Environment, and Climate

Transcript Highlights:

• Because farmworker housing must be located near agricultural land, often miles from services such as
• Amenity proximity scoring assumes dense service patterns that agricultural communities where farmworkers
• It only allows a CEQA lead agency to require a project developer to contribute to the mitigation bank
• Making costs the singular threshold requirement will reduce the chances that the VMT mitigation bank
• It only allows a CEQA lead agency to require a project developer to contribute to the mitigation bank

Summary: The Assembly Housing and Community Development Committee heard several housing bills. AB 2270, by Assemblymember Arambula, would give farmworker housing projects scoring parity in the state low-income housing tax credit program so they are not disadvantaged by amenity-proximity criteria that do not fit rural agricultural areas. Supporters, including La Cooperativa Campesina, said the bill would help farmworker projects compete fairly for credits; there was no opposition, and the bill was later approved 11-0 and sent to Appropriations. The committee also considered AB 2552, which would clarify use of the state’s new CEQA vehicle miles traveled (VMT) mitigation bank for affordable housing near transit. The author and supporters from the California Building Industry Association and business groups said the bill would add guardrails so the program is cost-effective and usable, while Housing California, the Planning and Conservation League, and others opposed the least-cost requirement, arguing it could undercut the new mitigation bank before implementation. After discussion about balancing housing and environmental goals, the bill passed 11-1 to Appropriations. AB 2689 would require good cause for nonrenewal of certain state-subsidized housing tenancies when a household’s income exceeds 140% of area median income for two consecutive years, with notice requirements and protections if the tenant cannot afford market rent. Some members supported the bill as a way to free up scarce subsidized units and create a housing “ladder,” while others objected that it could punish people for increasing their income. The bill was amended and passed 11-1. The consent calendar items AB 2308, AB 2397, and AB 2512 were also approved unanimously.

Transcript Highlights:

• left the bank.
• So it depends if the, and I'm so glad we have our bank...
• that most security dealers and banks, they have an algorithm.
• So the bank is then the responsible party to make that contact to Adult Protective Services?
• And we went to all service members, veterans alike. That was great.

Committee: Senate Children, Families, and Elder Affairs

Summary: The Committee on Children, Families, and Elder Affairs met with a quorum and first took up SB 398, which would create a statewide public health awareness campaign through the Department of Elder Affairs on Alzheimer’s disease and related dementias. Senator Burgess said the campaign would focus on early detection, brain health, risk reduction, clinical trial access, and community resources. The committee heard supportive testimony from a caregiver, AARP, the Alzheimer’s Association, and others, with members discussing the need for culturally responsive outreach and continued funding. SB 398 was reported favorably by roll call vote. The committee then heard SB 106, which would strengthen Florida’s exploitation injunction law for vulnerable adults by allowing service of an unascertainable exploiter through the same communication method used to contact the victim, such as text, Facebook Messenger, or WhatsApp. Senator Martin explained the bill as a way to close a loophole that lets scammers evade traditional service, and witnesses from the Florida Bankers Association and the Florida Bar’s Elder Law Section supported it, describing how the bill could stop ongoing thefts more quickly while preserving due process. Members asked about gift card scams, clerk workload, and the definition of an unascertainable respondent. SB 106 was reported favorably. The Department of Children and Families then presented an update on the Adoption Benefits for Qualifying Adoptive Employees Program, describing its expansion over time and the current one-time lump-sum benefit structure for eligible adoptive parents. The presentation covered eligibility rules, open enrollment, funding history, and the program’s impact on adoption placements, with members asking why tax collectors were included but other constitutional offices were not, and whether foster relatives could qualify. Finally, the committee considered SPB 7012, a committee bill addressing child welfare workforce shortages, treatment foster care for high-acuity children, and improved data collection on commercially sexually exploited children. The bill would direct DCF to recruit former public safety workers for CPI and case manager roles, create a treatment foster care pilot in two judicial circuits, and require more detailed, analyzable data and capacity studies. The bill drew support from child welfare advocates, with some members urging DCF to return with a more developed framework; it was adopted as a committee bill and reported favorably.

Transcript Highlights:

• Also noting that the Department of Health Care Services and Department of Social Services are here to
• Or they could be community service, which I can think of many community service groups that go out into
• Or they could be community service, which I can think of many community service groups that go out into
• The boom was the service economy.
• We also know that food banks and other community organizations, Health services.

Summary: The Senate Budget and Fiscal Review Subcommittee held an oversight hearing on the impacts of H.R. 1 on California’s safety net, focusing on Medi-Cal and CalFresh. The chair and vice chair framed the issue as a major federal disruption that would reduce benefits and shift costs to the state, counties, hospitals, and other local systems. The first panel included the Legislative Analyst’s Office, the Department of Finance, the UC Berkeley Labor Center, and the Food Research and Action Center, each describing projected enrollment losses, higher state and county costs, and implementation challenges. The LAO outlined H.R. 1’s main changes: new and expanded work requirements, more frequent eligibility redeterminations, restrictions on certain non-citizen eligibility, and financing changes affecting provider taxes and federal matching rates. The LAO estimated that 1 to 2 million people could be disenrolled from Medi-Cal and more than 600,000 could lose CalFresh, with additional costs from reduced federal support and possible state and county administrative burdens. The Department of Finance said the Governor’s budget includes about $1.4 billion General Fund in 2026-27 to respond to H.R. 1, with larger out-year reductions in federal funds and projected Medi-Cal caseload losses of up to 2 million by 2029-30. The UC Berkeley Labor Center projected up to 3 million Californians could lose full-scope Medi-Cal by 2028 when H.R. 1 is combined with state budget changes, while noting the state could choose policies that would reduce some of those losses. The Food Research and Action Center warned that CalFresh cuts and time limits would increase hunger, worsen health outcomes, and strain local economies and emergency systems. Members questioned the witnesses about procedural disenrollments, regional variation, the overall growth in Medi-Cal spending, the future of the MCO tax, the CalFresh error rate, and the downstream effects on hospitals and county indigent care. Several senators argued that the federal law was driven by tax cuts for high-income earners and would disproportionately harm low-income Californians, immigrants, and communities of color. Administration witnesses said some impacts are still being analyzed, that counties and departments are working on implementation, and that the Legislature may need to use statute, reporting, and oversight tools as federal guidance develops. No votes or formal actions were taken during this portion of the hearing.

Transcript Highlights:

• This is a request for approval of an existing bank account at Hancock-Whitney Bank that was previously
• So, this is a request to open a new bank account for the W.R.
• So, that's a transfer to a new bank. And I'll second. And I'll second.
• Within the BAI codes of the banking.
• Their request is to close an existing bank account with Regions Bank and open a new bank account with

Summary: The committee approved the minutes from the September 3, 2025 meeting and then considered a series of banking and account requests from state agencies. Most items involved opening new accounts or transferring existing accounts to different financial institutions to improve payment processing, accessibility, or reduce fees. These included requests from the Department of Conservation and Energy for a new ZBA account at J.P. Morgan Chase and acceptance of a transferred Hancock Whitney account; the Department of Culture, Recreation and Tourism for a new W.R. Irby Trust account at Gulf Coast Bank; and several Department of Health requests for new J.P. Morgan accounts to handle federal wire draws, interpreter registry deposits, and Safe Drinking Water Program credit card payments. Members asked questions on the Department of Health wire-transfer item, and staff explained that the new account was needed because federal same-day wire transfers could not be submitted in a combined Treasury/agency name format and had been rejected under the prior setup. The Department of Justice received approval to close a Regions Bank account and move to LaCap Federal Credit Union because of lower fees. The Department of Public Safety and Corrections was approved to open an operating account for a new motor vehicle field office at Fort Polk, and the Department of Health’s Central Louisiana Supports and Services Center was approved to move a resident funds fiduciary account from J.P. Morgan to Red River Bank due to policy changes affecting debit card use. The committee also approved an escrow account for the Louisiana Evidence Control Unit under Public Safety Services to collect and settle seized evidentiary funds not pending forfeiture, with monthly reconciliation by financial services. After completing the agenda, the committee took no further business and adjourned.

Transcript Highlights:

• So this is a request to open a new bank account for the W.R.
• So that's a transfer to a new bank. And I'll second.
• BAI codes of the banking.
• Their request is to close an existing bank account with Regions Bank and open a new bank account with
• Morgan to Red River Bank in Alexandria due to policy changes at J.P.

Summary: The committee approved the minutes from the September 3, 2025 meeting and then considered a series of banking and account requests from state agencies. Most items involved opening new zero-balance or operating accounts, transferring existing accounts, or changing banks to improve payment processing, accessibility, or reduce fees. Agencies included the Department of Conservation and Energy, Department of Culture, Recreation and Tourism, Department of Health, Department of Justice, and Department of Public Safety and Corrections. Several Department of Health requests were approved, including new accounts for federal wire transfers, the state’s online interpreter registry, and Safe Drinking Water Program application fees. Members also approved a transfer of a resident funds fiduciary account from J.P. Morgan to Red River Bank because of policy changes affecting debit card use. The Department of Justice received approval to close a Regions Bank account and move to LaCap Federal Credit Union due to much lower monthly fees, and Public Safety and Corrections was approved to open an operating account for a new motor vehicle field office at Fort Polk. The committee also approved an escrow account for the Louisiana Evidence Control Unit under Public Safety Services to collect and settle seized evidentiary funds not pending forfeiture. After no further business, the meeting adjourned.