Transcript Highlights:

• We were able to also reject cuts to home supportive services, protect child care access, provide services
• And, of course, our diapers and our diaper banks.
• Allison Ramey, on behalf of Ultimate Health Services.
• Josh Wright with the California Association of Food Banks.
• Josh Wright with the California Association of Food Banks.

Committee: House Budget

Transcript Highlights:

• comment for human services after that.
• services.
• Good afternoon, Kevin Bufelino, with Sacramento Food Bank and Family Services.
• It's not a new service.
• talk. services provided to, excuse me, one-third of services provided to all seniors.

Transcript Highlights:

• Welcome to Insurance and Banking 2. In terms of a new subcommittee, we will come to order. Ms.
• I think as attorneys we share the responsibility to provide pro bono legal services.
• I think his attorneys we share the 1037 responsibility to provide pro bono legal services.
• I can't imagine that banks can 1078 Well, I will look at that.
• Scott Jenkins, American Financial Services Association, waiving in support.

Summary: The committee met with a quorum and heard several insurance and banking bills. HB 1399, relating to property insurance affiliates, would increase Office of Insurance Regulation oversight of transactions between property insurers and affiliates, require fair-and-reasonable documentation, review of dividends and asset pledges, contract termination clauses, affiliate registration, and penalties for violations. Members from both parties generally supported the goal of transparency and accountability, though some raised concerns about costs and whether the bill would actually return money to insureds. The bill was reported favorably. HB 427, on public adjuster contracts, would allow vulnerable adults or their legal representatives to rescind public adjuster contracts without penalty, reflecting the sponsor’s personal concerns about protecting elderly and otherwise vulnerable family members from predatory contracting. Public testimony included support from several industry and elder-law groups, while the public adjuster association warned the bill could unfairly target one profession and urged broader language. Members debated whether the bill should be expanded to cover other solicitations and whether legal representatives should be treated differently, but the bill was ultimately reported favorably. The committee also approved HB 893, which aligns bank handling of law-firm trust accounts with Florida Supreme Court rules and supports legal aid funding, and HB 767, a transparency bill requiring insurers to provide consumers with plain-language explanations of rate increases and related factors. Members emphasized consumer education and clearer disclosures, and HB 767 passed 2-0. Later, HB 381, the Office of Financial Regulation agency bill, was amended and reported favorably; it updates financial regulation provisions including cybersecurity-related requirements, money services business rules, credit union and financial institution provisions, and fee timing. HB 777, a related public-records bill protecting nonpublic personal information submitted to OFR, was also heard and moved forward without opposition.

Transcript Highlights:

• CONTRACTUAL SERVICE FINDINGS AND SATISFACTORY RECEIPT OF GOODS AND SERVICES.
• DEMONSTRATE IS IN THE PUBLIC'S BEST INTEREST TO PERFORM PROJECTS USING THEIR OWN SERVICES.
• THE SPECIFIC FINAL AMOUNTS I WANT TO TALK ABOUT HERE ARE RELATED TO BANK RECONCILIATIONS.
• THEY WERE HIRED FOR STRATEGY SERVICES. >> Sen.
• THE PERSON THAT BALANCES THE CHECKBOOKS HAS NO ACCESS TO THE BANK.

Transcript Highlights:

• Representative Banks. engrossed. Representative Banks. >> I. >> I. >> I.
• The US Forest Service and the BLM.
• The US Forest Service and the BLM.
• So really multi-banked. the area. So really multi-banked.
• Representative<01:02:12.400><c> Banks.</c> Representative Banks. Representative Banks. &gt;&gt; I.

Bills: HB0078 , HB0087 , SF0070 , SF0068 , SF0017 , SF0043

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

Transcript Highlights:

• Additionally, Wyoming entities that use state and federally regulated banking services are subject to
• </c><00:18:27.840><c> services</c><00:18:28.480><c> are</c> federally regulated banking services are
• federally regulated banking services are subject<00:18:29.200><c> to</c><00:18:29.440><c> AML</c><00:
• Um kind of how those are at the bank.
• So banks and credit unions institutions.

Bills: HB0086

Committee: House Corporations, Elections & Political Subdivisions

Transcript Highlights:

• and that bank.
• I hate to say this because I do love the banks, but banks love to hold your money.
• But banks love to hold your money.
• works with these banks.
• That's how the banking system works.

Transcript Highlights:

• services, like opening up a bank account.
• When using common banking services like opening up a bank account.
• What this bill does is it holds banks accountable. Banks can't have it both ways.
• , so many services.
• It could be in-home care service. And so some of these services, they do not have access.

Summary: The Senate met in multiple Committee of the Whole sessions and considered a large number of bills, many related to digital assets and cryptocurrency, including SB 1042, SB 1043, SB 1044, SB 1045, SB 1432, SCR 1003, SCR 1033, and SCR 1028. Members discussed whether the state should accept cryptocurrency for payments, tax or exempt virtual currency, ban central bank digital currency, and support digital assets in retirement systems. Senator Epstein repeatedly argued against the measures and tried to offer amendments targeting data center tax exemptions, but one such amendment was ruled not germane and the ruling was upheld on a division vote. The bills and resolutions in that group generally advanced with do-pass recommendations, with SB 1043 and SB 1044 amended before advancing. The Senate also advanced several bills on family law, public records, scholarship organizations, property conveyances, underground facilities, and environmental and energy issues, including SB 1039, SB 1139, SB 1147, SB 1148, SB 1328, SB 1078, SB 1142, SB 1184, SB 1254, SB 1278, SB 1281, SB 1418, SB 1445, and SB 1566. Some measures drew discussion and amendments: SB 1254 received a clarifying amendment for deeds handled by title and escrow professionals; SB 1278 had a floor amendment withdrawn; SB 1281 was amended by committee and floor changes; SB 1418 prompted questions about small modular reactors and concerns about uranium mining and health impacts; and SB 1566 was amended to address malicious delay enforcement and judicial review. Most of these bills received do-pass recommendations. In the health and human services calendar, the Senate advanced SB 1052, SB 1115, SB 1149, SB 1193, SB 1233, SB 1345, SB 1346, and SB 1631, with SB 1124 retained on the calendar. Debate centered on ACCESS and remote work, administrative deficiency cure periods, anonymous complaints, fee-for-service claims, and DCS-related hearings and investigations. Senator Gonzales opposed several ACCESS-related bills, arguing they lacked appropriations, could disrupt services, or conflicted with federal Medicaid law, while sponsors said the bills addressed agency performance and provider complaints. SB 1115, SB 1149, SB 1193, SB 1233, and SB 1345 were amended before receiving do-pass recommendations, and SB 1345’s sponsor said ACCESS was removed from the bill. The final calendar included regulatory and veterinary-related bills such as SB 1137, SB 1144, SB 1205, and SB 1286. SB 1205, dealing with motor vehicle booting fees, received a floor amendment requiring an appeals process for private parking lots. SB 1286, on veterinary telemedicine and prescriptions, drew the most extended debate, with a committee amendment and a Kavanagh floor amendment restoring a 14-day prescription extension and adding flea and tick treatment; Senator Leach opposed the floor amendment, describing prior stakeholder negotiations and changes in committee support. The transcript ends while that debate is still underway, after several bills have already been reported out with do-pass recommendations.

Transcript Highlights:

• He’s in banks from teller to cashier.
• The bank approves it.
• The bank gives the reduced loan and the borrower repays the bank.
• Service entity that would qualify, let’s see, eligible lending institution, education service linked
• To be an education service entity.

Bills: HB1590 , HB1242 , HB3818 , HB4305

Committee: Senate Revenue and Taxation

Summary: The committee first considered and unanimously approved the nomination of Keith Ventress to the Oklahoma Development Finance Authority and then to the Oklahoma Industrial Finance Authority. Members noted his banking background and asked a brief question about the reference to old congressional district boundaries in the nomination materials, but there was no substantive opposition and both nominations advanced to the Senate. House Bill 1590, by Senator Daniels, would create an Oklahoma education infrastructure linked deposit program to provide reduced-interest loans for charter schools and nonprofit private schools for capital and building needs. Supporters said it would use existing state linked-deposit structures already used for agriculture and affordable housing, while opponents raised concerns about using taxpayer-backed funds for private schools, the bill’s broad nonprofit language, and whether it could lead to more state oversight of private education. The bill passed 9-2. House Bill 1242, which would add survey day to the list of agricultural sales tax exemption items, was discussed briefly but received no motion for a do pass recommendation and remained in committee. House Bill 3818, by Senator Coleman, would create tax-advantaged insurance loss savings accounts for homes and vehicles; members expressed concern about missing definitions, contribution limits, and the potential for abuse, but agreed the concept had promise and the bill passed 9-2 after the enacting clause was stricken for further work. House Bill 4305, as amended, clarified how affordable housing properties are assessed for ad valorem tax purposes by excluding certain income-based subsidies from valuation; after questions about prior court cases and assessment practices, it passed 6-5.

Transcript Highlights:

• The Assembly Banking and Finance Committee is called to order.
• Today, banks and payment processors are embracing crypto. We need to be prepared.
• Luke, thank you for your service. I appreciate you. It appears we have a quorum. Ms.
• , that servicer is in compliance with those existing guidelines.
• Otherwise, servicers are in breach of the servicing agreements with those federal agencies. drafted,

Committee: House Banking and Finance

Transcript Highlights:

• That already have bank financing but have gaps in their total financing.
• So banks actually purchase the notes. ...them at this point are privately placed with banks.
• So banks actually purchase the notes and are making the loans.
• So it's just like a bank loan to the borrower.
• We can't do a direct loan without inserting a bank.

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:

• going through your bank.
• Bank Department of Banking and our DOR will they be establishing...?
• every I and cross every T when it comes to banking issues.
• The idea was that the Department of Banking and DOR—” “The Department of Banking and DOR would be better
• of the Department of Human Services.

Transcript Highlights:

• Senator Banke was on the work group.
• Utility service vehicles are not currently exempt.
• I appreciate the intent, however, Senator Banke.
• I appreciate the intent, however, Senator Banke.
• Electric utilities and their service vehicles perform critical services for our communities.

Summary: The committee heard public hearings on four bills. SB 5982 would expand Clean Energy Transformation Act coverage to include port districts and certain single-customer utilities, and would revise definitions for market customers and affected market customers. Supporters, including environmental groups, Commerce, Ecology, and some port and utility representatives, said it would close loopholes and ensure large loads such as data centers and port-based generation are subject to CETA. Opponents from ports, PUDs, business groups, and industrial consumers argued the bill could sweep in existing single-customer utilities and burden smaller ports or industrial projects. No vote was taken; the chair closed the hearing after noting substantial pro, con, and other testimony. SB 6008 would create a statewide residential battery incentive and flexible demand program administered through Commerce, with higher incentives for low- and moderate-income customers and requirements tied to utility flexible demand programs. Supporters said it would improve grid resilience, lower bills, and help deploy virtual power plants and distributed storage. Utilities and some advocates supported the concept but asked for changes on funding, low-income verification, compensation, deadlines, and program design. No action was taken beyond the public hearing. SB 6050 would allow portable plug-in solar devices and one meter-mounted device per premises, while restricting utilities, landlords, and HOAs from blocking them and setting safety and certification conditions. Supporters called it a low-cost way to expand distributed solar access, especially for renters and lower-income households. Opponents, including labor, utilities, and safety-focused witnesses, raised concerns about fire risk, backfeeding, lack of existing electrical code standards, utility worker safety, and the need for interconnection review. The committee then heard SB 6056, which would direct Ecology to exempt utility service vehicles from certain clean vehicle emissions standards; Ecology said it was already pursuing a similar rule and flagged the bill’s broad definition and potential policy implications, while utility associations supported the exemption for emergency response vehicles and environmental advocates opposed the statutory approach. No votes were taken on any of the bills.

Transcript Highlights:

• When banks make uh loans, banks use.
• else from a standard bank.
• else from a standard bank.
• Then we run something the bank.
• /c><00:47:16.000><c> bank</c> collect bank statements, business bank collect bank statements, business

Committee: House Workforce, Labor, and Economic Development Finance and Policy

Transcript Highlights:

• Transfers where a licensed legitimate bank is not involved.
• Goods and services or any transactions originating from a banking institution, like a bank or credit
• It does not affect any bank or credit union wire transfers or sales of bank or credit union wire transfers
• It's not that kind of bank transfer.
• It does not include banks or credit unions where I...

Bills: HB61 , HB327 , HB253 , HB297

Committee: House Ways and Means Education

Keywords: home school, career and technical education, public schools, K-12 education, enrollment policy, parental leave, state employees, adoption, employee benefits, aircraft tax, aviation tax, sales tax exemption, use tax exemption, lease tax, rental tax, commercial aircraft, air carrier, airline, aircraft parts, maintenance

Transcript Highlights:

• The charter for the bank is what actually gives the bank the ability to be a bank.
• </c> received at the bank.
• How can the bank received at the bank.
• The banks have no idea.
• </c> um through the banking institutions. um through the banking institutions.

Bills: HB0111 , HB0112 , HB0122

Committee: House Appropriations

Transcript Highlights:

• I retire from the Marine Corps after two decades of service with service in Afghanistan and Iraq, and
• Brandon Frye, on behalf of the Public Service Commission.
• “House Bill 241 amends the bank records disclosure law to update a citation related to the service of
• That is a request for bank records on a bank customer.
• And that was with the bank, so let’s say Hibernia.

Committee: House Commerce, Consumer Protection, and International Affairs

Summary: The committee began by deferring six bills en bloc, then took up House Bill 1103, which would exempt certain industrial facility construction or improvement projects—especially aerospace-related facilities—from some local permitting requirements. Supporters said the goal was to reduce red tape and help Louisiana compete with states like Texas and Florida for aerospace investment, while members raised concerns about safety, home rule authority, and whether fewer permits could reduce oversight. The bill was reported favorably. Members then heard extensive testimony on House Bill 1212, which would require utilities to assess large electric transformers for vulnerability to electromagnetic threats and report findings to GOSEP, with a public version of the report. The sponsor and a retired Marine officer argued the bill was a limited “scoping” measure to identify vulnerabilities to solar storms or EMP attacks and estimate hardening costs; they said the current federal standard is too low and that protection technology exists. Committee members and utility representatives questioned whether the bill duplicated existing federal/NERC requirements, whether the information could create security risks if disclosed, whether the PSC had already studied the issue, and whether the costs would be passed to ratepayers. The PSC said it had previously opened a docket and studied EMP/physical security issues but never issued a final recommendation. After discussion, the sponsor agreed to defer the bill, and the committee deferred HB 1212. The committee then reported several technical or narrower bills favorably: House Bill 241 updated bank records disclosure citations and replaced a reference to the defunct Office of Thrift Supervision with the CFPB; House Bill 1091 shifted local fire departments to direct reporting into the federal emergency response system; and House Bill 1027 extended existing liability protection for real estate agents to licensed appraisers regarding smoke and carbon monoxide detector compliance in one- and two-family homes. Finally, House Bill 1096, dealing with electrical cooperative bylaws and board authority versus member approval, was introduced with testimony from cooperative representatives explaining it was intended to restore member control or allow cooperatives to opt out of the 2012 change that had expanded board authority. The transcript cuts off before final action on HB 1096.

Transcript Highlights:

• I'm also a staff attorney with the Legislative Council Service.
• By the thin air that you now owe the bank.
• The existing system, where you have your bank account, money comes from your bank account, either goes
• You go to where the money is—in the banks.
• So much like Silicon Valley Bank, in 2023, when we saw a number of people at that bank lose their assets

Committee: House Investments & Pensions Oversight Committee

Transcript Highlights:

• I'll say CHHA, and the Business and Consumer Services Agency.
• I know there's a HELOC and so forth, but getting through banking, a bill on financing and in the banking
• And I think bringing the private banking side is super critical.
• A bank never is going to want to fund the whole thing.
• A bank never is going to want to fund the whole thing.

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

Transcript Highlights:

• Expands the Health Department's review of correctional health services by including a biennial study
• Print number 360 by Senator Rivera expands the Health Department's review of correctional health services
• I have somebody who likes to go to a bank teller instead of talking to a machine.
• to create a state public bank for New York.
• to create a state public bank for New York.

Committee: Senate Finance

Summary: The Senate Finance Committee, chaired for the day by Senator John Liu, took up a long agenda of bills covering labor and benefits, corrections, health, taxation, government transparency, and public services. Early measures included increasing short-term disability benefits, adjusting a poverty-level-related earned income disregard, expanding correctional health staffing review, and authorizing the Inspector General to investigate sexual assault complaints in correctional facilities; each of these advanced to the floor. The committee also advanced bills on ovarian cancer screening access, retirement system membership changes, a trail stewardship program, live agency representative access, FOIL/open meetings fee awards, a Harriman campus development plan, court data reporting, educator conventions, park water testing, an energy storage tax abatement, a Native American Affairs office, adult changing tables in public facilities, Medicaid Inspector General audit standards, remote training certification for agency personnel, newborn Gaucher disease testing, electronic self-exclusion requests for gambling, and child daycare inspections and opioid antagonist requirements. Several bills drew discussion. The prescription drug transparency bill (Print 488A) prompted questions about possible overlap with federal Hatch-Waxman/FTC oversight and whether a New York notice requirement could slow generic-drug settlements; sponsors and staff said it was intended as a supplemental transparency measure for consumers. The court reporting bill (Print 1849A) raised concerns about mandates on local governments, but supporters said it mainly required OCA to compile data in one format. The Medicaid local-share phaseout bill (Print 5519) generated the most debate, with supporters arguing it would provide major property tax relief and should be addressed in the budget, while opponents emphasized the need to curb Medicaid fraud, waste, and abuse first. Two major fiscal oversight proposals were defeated. Print 8661, which would have required the Comptroller to hire an independent private auditing firm to review state-funded programs for fraud and abuse, was opposed despite support from some members who argued outside auditing was overdue; it failed by one vote. Print 5519 was also ultimately defeated after a recount confirmed it lacked the required majority of the full 22-member committee. Most other bills were approved and sent either to the floor or, in the case of the drug transparency bill, to the Rules Committee.