Transcript Highlights:

• We're in that first year of where we're building that.
• A couple of things, and the first thing I alluded to is that having that matching component is fairly
• So when we first started the program, it was funded using... our ESSER funding and federal funding.
• My name is La óyá Khanáakni Henderson. I am from the Diné Nation, and my son goes to Cottonwood.
• Is this—first of all, am I audible? Hi, you are! Okay, thank you.

Keywords: 996, all

Transcript Highlights:

• That was a first for us.
• Today is their first day.
• The first adjournment in memory, I'm going to ask for decorum.
• Mike first served his country in the U.S.
• Mike first served his country in the U.S.

Keywords: 988, house, all

Transcript Highlights:

• That was the first for us.
• Today is their first day.
• So for the very first year, they were able to raise funds to support their own fellowship.
• The first adjournment in memory, I'm going to ask for decorum.
• Mike first served his country in the U.S.

Summary: The Assembly met with an initial quorum call, then proceeded through routine floor business, guest introductions, and several procedural motions. Members approved requests to suspend rules for adjournment-in-memory remarks and guest seating, removed some bills from the consent calendar, and re-referred or withdrew several measures. The chamber also took up a number of second-reading and concurrence items later in the day. Two major bills drew floor debate. SB 762, a tax measure allowing eligible local governments to seek voter approval for transactions and use tax rates above the statutory cap, was presented as a response to local fiscal pressures and was described by supporters as giving voters local choice rather than imposing a tax increase. It passed with an urgency vote of 54-13 and was sent immediately to the Senate. AB 126, the education budget trailer bill, was presented as a major investment in TK-12 education, special education, community schools, and educator leave; one member supported many provisions but objected to policy changes affecting charter schools being included in a budget bill. The Assembly concurred in the Senate amendments on AB 126 by a vote of 56-1. The Assembly also concurred in AB 35, an urgency environmental protection bill intended to speed implementation of Proposition 4-funded projects by narrowing administrative delay; supporters said it would accelerate wildfire prevention, water, and other environmental projects. The measure passed unanimously, 66-0. The consent calendar was then adopted, including AB 2796 on criminal history information, which passed 67-0. The session concluded with multiple adjournment-in-memory tributes, including remarks honoring victims of a B-52 test flight crash at Edwards Air Force Base, former West Covina Mayor Lloyd Johnson, civil rights leader Harold Brown, educator and activist Kiyoko Nancy Oda, and Auburn Mayor John Mike Holmes, followed by announcements of summer recess and adjournment until August 3.

Transcript Highlights:

• So we're going to take up first AB 412 by Assembly Member Bauer-Kahan.
• So first I'd like to thank the chair and the members. Thank you.
• The first challenge is accuracy.
• And I first want to say thanks for bringing this forward.
• I think, first and foremost, I want to thank all the artists, Mr.

Keywords: 987, senate, all

Summary: The Senate Committee on Privacy, Digital Technologies, and Consumer Protection heard three Assembly bills. AB 412, the AI Copyright Transparency Act by Assembly Member Bauer-Kahan, would require developers to let copyright holders query whether their works were used to train generative AI systems. Supporters, including voice actors, artists, labor groups, and Professor Ben Zhao, argued the bill is a narrow transparency measure that helps creators protect their rights and that the underlying technology is feasible. Opponents, including business and tech groups, argued the bill goes ahead of unsettled copyright law, is technically difficult to implement at scale, and could burden startups. The author accepted committee amendments narrowing the bill, and the committee voted 6-2 to pass it as amended to the Judiciary Committee. AB 2448 by Assembly Member Berman would require electronic health record vendors to implement technical safeguards that help providers protect sensitive reproductive and gender-affirming care information. Planned Parenthood affiliates, the Attorney General’s office, and other supporters said the bill clarifies existing law and strengthens patient privacy amid threats to reproductive care access. There was no opposition testimony. The committee voted 7-1 to pass the bill to the Health Committee. AB 2561 by Assembly Member Valencia would prohibit changes to consumers’ privacy settings without their consent, aiming to prevent apps and software updates from resetting user preferences. CalChamber and TechNet representatives said they now supported the bill after the author accepted their amendments. The committee voted 8-0 to pass AB 2561. The hearing included multiple roll calls as quorum was established and bills were held on call before final votes were taken, and the committee then adjourned.

Transcript Highlights:

• Which one would you like first? The lowest number first?
• First and foremost, it provides legal immunity to first responders who make these notifications in good
• If you steal something over $1,000 for the first time, you are committing a felony.
• Sar Port, UG, bi, la, s due pass of 120. Thank you, Mr. Chairman, thank you, committee.
• The only question I have for this committee is what happened to 'ladies first.'

Bills: HB1322, HB2015, HB2933, HB2941, HB2959, HB2977, HB2981, HB3040, HB3055, HB3062, HB3087, HB3115, HB3134, HB3244, HB3297, HB3298, HB3299, HB3304, HB3319, HB3321, HB3322, HB3323, HB3345, HB3407, HB3471, HB3497, HB3500, HB3505, HB3544, HB3581, HB3648, HB3755, HB3764, HB3765, HB3767, HB3906, HB3974, HB3982, HB4104, HB4105, HB4106, HB4107, HB4108, HB4126, HB4130, HB4139, HB4144, HB4170, HB4202, HB4226, HB4227, HB4236, HB4260, HB4343

Keywords: domestic violence, offenders registry, public safety, law enforcement, victim protection, conviction records, landlord, tenant rights, rental agreement, housing safety, tenant protections, insurance regulation, homeowner claims, premium discounts, catastrophe mitigation, civil penalties, fentanyl, overdose, first responders, drug reporting

Transcript Highlights:

• I will be addressing a few housekeeping items first.
• We will now move to our first item on the agenda, SB 288.
• You have two minutes each, so whoever wants to go first, please proceed. Thank you.
• You have two minutes each, so whoever wants to go first, please proceed. Thank you.
• This is one of the first state-designated and recognized Black cultural districts in California.

Summary: The Assembly Revenue and Taxation Committee heard several bills, mostly related to Proposition 19, voluntary tax checkoffs, and local tax authority. SB 288 would clarify that the one-year residency and exemption deadline for inherited homes held in probate begins when legal ownership is established; it received support from the Howard Jarvis Taxpayers Association and others, no opposition, and was referred to suspense. SB 974 would explicitly include special needs trusts in Prop. 19-related inheritance rules; it had support from the Riverside County Board of Supervisors and Howard Jarvis Taxpayers Association and passed 5-0 to Appropriations as amended. The committee also heard SB 575, which would restore the Sea Otter Voluntary Contribution Fund for voluntary tax return donations to sea otter conservation. Supporters cited sea otter recovery, research, and habitat protection needs; there was no opposition, and the bill passed 5-0 to Appropriations. SB 999 would delay the Franchise Tax Board’s annual report on the health care individual mandate from March 1 to June 1 to allow more complete data; Health Access California supported it, and it passed 5-1 to Appropriations. SB 762 would authorize certain cities and counties, including Hercules, Santa Cruz, and Santa Barbara, to seek voter approval for local transaction and use taxes to address budget pressures, public safety, infrastructure, and safety-net service cuts. Local officials, labor groups, and health advocates supported it, while the Howard Jarvis Taxpayers Association opposed it; the committee adopted the urgency clause and then passed the bill to Local Government with urgency, with some no votes. SB 1073 would create a voluntary tax contribution fund to support the Historic South Los Angeles Black Cultural District; arts advocates and community supporters backed it, and the bill passed unanimously to the Arts, Entertainment, Sports, and Tourism Committee as amended.

Transcript Highlights:

• I will be addressing a few housekeeping items first.
• We will now move to our first item on the agenda, SB 288.
• You have two minutes each, so whoever wants to go first, please proceed. Thank you.
• So I will entertain a motion first on the urgency. So I need a motion on the urgency. Moved.
• This is one of the first state-designated and recognized Black cultural districts in California.

Keywords: 988, house, all

Summary: The Assembly Revenue and Taxation Committee heard several bills, beginning with housekeeping remarks about filing position letters and the committee’s suspense file process for measures with revenue impacts over $150,000. SB 288, which would clarify that the Prop. 19 one-year timeline for inherited family homes in probate begins when ownership is legally established, drew support from the author and outside groups and was referred to suspense. SB 974, which would explicitly include special needs trusts in Prop. 19 guidance so eligible heirs do not lose the exclusion, passed 5-0 to Appropriations as amended. The committee also heard SB 575, which would restore the Sea Otter Voluntary Contribution Fund on tax returns to support sea otter conservation, and SB 999, which would move the Franchise Tax Board’s annual report on the health care individual mandate from March to June 1 to capture more complete data. Both measures received support and no opposition; SB 575 passed 5-0 to Appropriations, and SB 999 passed 5-1 to Appropriations. SB 762, a local government tax-authority measure allowing certain cities and counties to seek voter approval for a transaction and use tax, drew extensive testimony from local officials and advocates citing budget pressures, public safety, infrastructure, and safety-net service cuts, while one taxpayer group opposed it. Committee members debated tax burdens and local fiscal needs. The committee first adopted the urgency clause, then passed the bill as amended to Local Government. SB 1073, which would create a voluntary tax contribution fund for the historic South Los Angeles Black Cultural District, also passed unanimously as amended to the Arts, Entertainment, Sports, and Tourism Committee after supportive testimony about cultural preservation and the need for broader arts funding. After the votes were finalized, the committee adjourned.

Transcript Highlights:

• Our first concern with SB 24 relates to the First Amendment rights issues about shareholder funding and
• First of all, I agree with, you know, when it comes to political contributions and political influence
• The Moss Landing facility was one of the very first, and its technology was old.
• So if a local government wishes to go first, That that's a floor, not a ceiling.
• But safety comes first, and including our fire authority is so important.

Summary: The Assembly Committee on Utilities and Energy met without a quorum at first and began as a subcommittee, then later established quorum and heard several measures. The main policy bills discussed were SB 24, which would restrict investor-owned utilities from using ratepayer funds for political advertising, lobbying, and efforts against municipal utilities, and SB 283, the Clean Energy Safety Act of 2025, which would strengthen safety standards for battery energy storage facilities after the Moss Landing fire. The consent calendar also included SB 80, SB 491, SB 593, SB 804, and SCR 25, which were taken up without debate. SB 24 drew strong support from consumer and environmental advocates, who argued that ratepayer money should not be used for political or promotional activity and that current rules lack meaningful consequences. Opponents from the utilities and business community said the bill was too broad, could interfere with shareholder-funded advocacy and legal work, and might unintentionally affect public service communications and expert consulting. Several committee members shared support for the bill’s goal but raised concerns about its breadth, especially around legal fees and communications; the author said he was willing to work on amendments, including on consultant fees, and accepted committee amendments. SB 283 received broad support from firefighters, local governments, utilities, labor, and business groups. Supporters said the bill would improve fire safety, require fire authority consultation and inspections, and prevent battery storage from being sited in unsafe indoor combustible facilities. The author described the Moss Landing fire and said the bill would add standards based on NFPA guidance while preserving local governments’ ability to adopt stricter rules. No opposition testimony was presented. The committee voted SB 283 out 16-0, and SB 24 was also approved after a roll was held open and later closed, ultimately passing 11-1. The consent calendar passed 16-0, and the meeting adjourned after the final roll calls were completed.

Transcript Highlights:

• Um La Re, would you please stand and be recognized by the Senate? Welcome.
• If not, the motion is carried. first reading and referral to committee. first reading and referral to
• ><00:04:36.320> House<00:04:36.560> bills<00:04:36.800> pass<00:04:37.120> first
• <00:04:37.360> reading that said House bills pass first reading that said House bills pass
• first reading by<00:04:37.759> title<00:04:38.160> and<00:04:38.400> be<00:04:38.560

Keywords: 912, senate, all

Transcript Highlights:

• It looks like we have Representative Tedford on deck, first to present House Bill 3057.
• The first question is about the 5% threshold, and I'm just wondering if that's the correct kind of standard
• and then ask you to get back in the queue OK thank you so I will you explain then I read it as the first
• La Pak waves. Representative Fugate, you're recognized for a question on the bill. You, Mr.
• to the enth circuit that was Mcraw the OKC, where the courts ruled that panhandling is a protected first

Bills: HB3057, HB3130, HB3310, HB3314, HB3985, HB4113, HB4486

Keywords: government reporting, information technology, child welfare, environmental policy, state agency compliance, gender transition, minors, health services, punitive damages, parental rights, health care providers, purchasing, compliance, state employees, longevity pay, contract management, marijuana tax, public service impact tax, county funding, voter approval

Transcript Highlights:

• With that, we will await our first author, and we will start as a subcommittee until we are able to establish
• At my hospital, I'm surrounded by hardworking and educated immigrant workers and people who are first
• These raids have compounded the chilling effect carried over from the first Trump administration.
• Monica Madrid with the Coalition for Humane and Migrant Rights, cheer-la, in strong support.
• Well, first, if I may, with respect to the issue of whether health providers should be asking people's

Summary: The Assembly Health Committee heard several Senate bills focused on health care access, privacy, and public health data. SB 81 (Arreguín) would require health care facilities to create nonpublic areas and bar immigration enforcement from entering without a judicial warrant or court order, while also protecting disclosure of immigration-related information in medical records. The bill drew strong support from labor, immigrant-rights, health care, and patient advocacy groups, with committee members emphasizing patient safety and privacy; one member raised implementation concerns about how the restrictions would work in practice. The committee voted the bill out on a due pass motion to the Privacy and Consumer Protection Committee, with one no vote recorded. SB 250 (Ochoa Bogh) would add skilled nursing facilities to DHCS’s managed care provider directory so Medi-Cal beneficiaries can more easily identify covered facilities. Supporters said the change would help seniors and people with disabilities avoid confusion and rushed placement decisions, especially during hospital discharge, and would make existing information easier to use. The committee passed the bill to Appropriations on a unanimous vote. SB 717 (Richardson) would formally recognize California’s three regional cancer registries in state law to help preserve federal funding and support cancer surveillance data collection. The author and supporters said the measure would protect more than $15 million in annual federal support and strengthen cancer research and tracking; the committee approved it unanimously to Appropriations. SB 504 (Laird) would allow health care providers to disclose personally identifying information about previously reported HIV infections to state or local health officials when needed for disease control or care coordination. The author described the bill as a modernization of reporting and coordination practices, and supporters from the California Medical Association and Planned Parenthood backed it. The committee sent the bill out as amended to the Privacy and Consumer Protection Committee on a unanimous vote. The meeting also included routine consent-calendar action and multiple add-on votes, with the committee repeatedly holding the roll open to record additional members’ votes.

Transcript Highlights:

• The first is to achieve this bill oppose this bill or buy 50 miles an hour or more.
• Go back to this first question was changed to the approval for the conditional use approval of the why
• You know, when I first got the Florida House now, Commissioner Diaz was actually chairman of Weight K
• First most serious note, though, and my my biggest question is if the individual is passing on, Francis
• I is a new point man flu for the Florida Transportation Commission, Barber La Hazleton, new appointment

Keywords: 999, senate, all

Transcript Highlights:

• First of all, I think this is a great program.
• First of all, I think this is a great program.
• on digital opportunities, while the proponents, who've invested hundreds of millions of dollars in Las

Summary: The Governmental Organization Committee met as a subcommittee before quorum was established, then heard three measures. AB 770 by Assemblymember Mark Gonzalez would authorize the City of Los Angeles to create a flexible signage framework at the Los Angeles Convention Center to generate revenue for renovation and modernization tied to the 2028 Olympic and Paralympic Games. Support came from labor, business, and SEIU representatives, who cited jobs, tourism, and financing benefits; there was no opposition testimony. Members asked about the job estimates and the connection between signage revenue and convention center expansion. SB 451, presented by Senator Archuleta, would clarify that a 50-50 charitable raffle may be conducted at a championship game held at a designated venue where an affiliated sports team plays home games, addressing a Super Bowl-related ambiguity. Supporters from the NFL and the 49ers said the change would preserve charitable fundraising for Super Bowls 60 and 61 and would not alter other raffle rules. CalNonprofits raised concerns about fairness, gambling expansion, and the special treatment of pro sports raffles, while members discussed how charities receive funds and the program’s audit process. AB 831 by Assemblymember Valencia would prohibit online sweepstakes using dual-currency models that allow cash payouts, while leaving non-cash social sweepstakes untouched. Supporters, including several tribes, the Sports Betting Alliance, the California Chamber of Commerce, and other stakeholders, argued the bill closes a loophole, protects consumers, and preserves tribal gaming sovereignty; opponents, including the Social Gaming Leadership Alliance and numerous tribal members and representatives, argued it would eliminate a legal industry, harm smaller and less advantaged tribes, and was advanced without sufficient consultation. After extensive debate about consumer protection, tribal equity, and online gaming regulation, all three bills were approved, and the committee adjourned at 9:55 a.m.

Transcript Highlights:

• We have first, we have Nicholas Lucero.
• We have first, we have Nicholas Lucero.
• First, I would like to announce Ms. Patricia Matamoros.
• As far as on line 9, first responder, Mr.
• Speaker, gentlemen, not under first responders.

Bills: HB111, HB103, HB60, HB108, HB120, HB145, HB154, HB164, HB291, HJR6, HR1, HJM2, HJM3, HJM1, HM7, HM17, HM4, HM22, HM23, HM24, HM26, HM2, HM16, HM32, HM13, HM47, HM11, HM14, HM21, HM34, HM50, HB38, HB47, HB63, HB64, HB127, HB165, HB184, HB200, HM20, HM51

Keywords: water law, state engineer, civil penalty, compliance order, water rights, overdiversion, illegal diversion, groundwater storage and recovery, well license, permit violation, water enforcement, New Mexico water code, irrigation district, conservancy district, water diversion, unauthorized water sales, measuring device, district court appeal, water resources, water compliance

Transcript Highlights:

• Regis College wanted to expand something similar to La Salle, so I have that.
• I think there are two questions in there, and I can answer the first part, which is what are the for-profits
• So I think there are two questions in there, and I can answer the first part, which is what are the for-profits
• So now we'll focus on financial viability first.
• Yeah, first.

Keywords: 995, all

Summary: The commission met at Brookhaven at Lexington to continue discussing continuing care retirement communities (CCRCs), with a focus on financial viability, entrance fees, refund policies, and how the industry is evolving. Speakers explained that nonprofit CCRCs have shifted away from building entirely new campuses since the 2008 financial crisis, and now more often grow through expansions, affiliations, mergers, or added home- and community-based services. They also noted that many newer CCRCs, especially nationwide, are being built without on-campus skilled nursing, relying instead on assisted living, memory care, or off-site arrangements, and that zoning and local approval can affect expansion plans. A substantial portion of the discussion centered on financial health and consumer protection. Panelists said the most important indicators of a strong CCRC are high occupancy, strong liquidity, and reinvestment in the property, with low occupancy and declining days cash on hand cited as warning signs. They described how actuarial reviews are used to estimate health care utilization and set pricing, and said staffing shortages are often a bigger financial pressure than resident care utilization itself. On refunds, speakers said entrance-fee refunds are generally paid when a unit is resold and the new entrance fee is received, and that resident refunds are usually protected even in bankruptcy, though residents are unsecured creditors. Massachusetts examples such as Reed’s Landing and the Groves were cited as cases where residents remained in place and refunds were ultimately protected. The group also discussed a pending disclosure bill on Beacon Hill related to entrance fees and refund transparency. LeadingAge Massachusetts said it supports clearer disclosure so residents understand refund provisions, and reported that among surveyed member CCRCs, the average time to provide an entrance-fee refund over the past two years was about 117 days. Participants emphasized the need to balance consumer protection with preserving the financial stability of the communities. The commission also reviewed upcoming dates: a virtual public hearing/listening session on June 16, the next commission meeting on June 23, and a later discussion planned on consumer rights, protections, and advertising practices. The meeting concluded with introductions of commission members and an invitation for attendees to tour the Brookhaven campus.

Transcript Highlights:

• La Chica present. Mr. Lee present. Ms. Lowen present. Ms. Marten present. Mr. Matayoshi present.
• First, I'd like to welcome the extremely hard-working neighborhood board from Waikiki.
• First,<00:14:07.280> I'd<00:14:07.400> like<00:14:07.560> to<00:14:08.080> uh
• First, I'd like to uh First, I'd like to uh welcome<00:14:09.400> the<00:14:09.640> extremely

Bills: SB2053, SB2494, SB2851, SB3073, HB1678, HB1721, HB2475, HB2246, HB1667, HB1516, SB2532, SB3131, SB3154, HB2297, HB1737, SB2143, SB2398, SB2623, HB1740, HB1920, HB1682, SB2153, SB3140, HB1515, SB2835, HB2282, SB3083, SB2031, SB2519, SB2667, SB3096, SB99, SB2138, HB2289, HB2319, HB1711, HB2270, SB3138, SB3076, HB1642, HB2338, HB2171, HB1785, SB2881, HB2505, SB2552, HB1518, HB1815, SB3125, SB3234, HB2158, HB1718, HB2207, HB1801, SB3229, SB2338, SB3069, SB2600, HB2300, HB1800, HB1960, SB2999, SB2060, SB2866, SB2239, HB1741, HB1713, HB2023, HB2417, SB2877, SB2598, SB2921, SB2645, HB2547, HB2275, HB2452, HB2329, HB2339, HB1838, HB1509, HB1661, HB2271, HB2272, HB2344, HB1888, HB1707, SB2340, HB2474, HB1576, HB1853, HB1804, HB1854, HB2095, HB2050, HB472, SB3215, SB2247, SB2400, HB1618, HB1802, HB1969, HB1541, HB2310, HB2498, HB2443, HB2218, HB649, HB2104, HB1710, SB2802, HB1973, HB1974, HB1894, HB1891, HB1890, SB177, SB2101, SB3320, SB2487, HB2429, HB1870, HB1839, HB2583, HB1391, HB2094, SB2671, SB2673, SB2892, SB2057, SB3245, HB306, HB2592, SB3157, SB2861, SB3204, SB3324, SB2580, SB2074, SB411, SB3025, SB2934, SB2567, SB2125, SB3238, SB2367, SB2599, SB3007, SB2001, SB2756, SB3029

Keywords: salvage vehicles, vehicle title transfer, electronic signatures, insurance, administrative efficiency, bribery, corruption, statute of limitations, public servant, criminal justice, deafness, traffic safety, law enforcement, vehicle registration, communication, biological evidence, DNA analysis, post-conviction, evidence retention, court approval

Transcript Highlights:

• , but this puts front ends a lot of cash into the development and makes sure it gets those crucial first
• Our member governments include the cities of Albuquerque, Santa Fe, Las Cruces, and the counties of Bernalillo
• I did that in 2010 when I put my first panels up.
• Chairman, when we first started this and I did the bill many years ago, we set it up so that...
• And in fact, the installer that I first worked with said, "You know, you go to the bank and you get a

Bills: SB101, SB58, SB55

Keywords: SB 101, Health Care Delivery and Access Act, repeal of repeal, sunset repeal, delayed repeal, health care, healthcare, access to care, medical services, provider regulation, state health law, New Mexico, SB58, metropolitan redevelopment, redevelopment property, property tax exemption, payments in lieu of taxes, PILOT, municipal redevelopment, local government

Transcript Highlights:

• Would love to figure out um if there is, but, well, first, we'd love to know the revenue for, um, unincorporated
• don't want to put words in your mouth, but, um, is it particularly in regard to the tariffs, uh, your first
• Um, it, it, from my understanding, it'll be one of the first kind of digital campuses, um, like it in
• try to, um, I, I will say this, I was the chair of this committee last year, and we had to move our first
• It's my understanding that this committee has met in uh Las Cruces previously, and to visit uh a city

Transcript Highlights:

• especially under uncertain economic times like we have today, when small businesses feel the pressure first
• With that, I have some support: the California Democratic Renters Council, LA Voice, the Legal Aid Foundation

Keywords: 988, house, all

Summary: The Assembly Banking and Finance Committee met and first approved the consent calendar, sending AB 2028, AB 2425, and AB 2795 to the Assembly Appropriations Committee. The committee also announced that AB 2558 and AB 2746 had been pulled from the agenda. The chair reviewed committee rules on written testimony and decorum before proceeding through the file order. AB 2116, which would regulate merchant cash advance and related small-business financing products under the California Consumer Financial Protection Law, drew strong support from the author and advocates who said it would close oversight gaps, require registration, prohibit confessions of judgment and power-of-attorney provisions before default, and improve transparency for small businesses. Supporters included small business advocates, consumer groups, local officials, and community organizations. Opposition from the Revenue-Based Finance Coalition argued the bill mixed consumer and commercial regulation, used inconsistent definitions of small business, and could restrict access to capital; they said amendments were being discussed. The committee passed AB 2116 to Appropriations. AB 2243, by Assembly Member Haney, would create a state bank commission to study whether California should establish a state bank or other public financing tools. Supporters said the state pays billions in interest to private lenders and could better use public funds for housing, infrastructure, climate, and small business lending. Opponents from the banking and credit union sectors raised concerns about taxpayer exposure, deposit guarantees, use of public funds, and the bill’s implications for existing financing structures. After discussion, the committee passed AB 2243 to Appropriations on a roll call vote, with some members voting no. AB 2350, as amended, would set guardrails on rent-now-pay-later products tied to rental housing to prevent predatory fees, high interest, and eviction risk for renters. The author and supporters emphasized the bill’s consumer protection goals, while industry representatives opposed it unless amended, saying they had not seen final language and wanted the bill narrowed to avoid broader impacts on the financial services sector. The committee passed AB 2350 as amended to Appropriations. At the end of the meeting, the committee completed roll calls for absent members and then adjourned.

Transcript Highlights:

• especially under uncertain economic times like we have today, when small businesses feel the pressure first
• With that, I have some support: the California Democratic Renters Council, LA Voice, the Legal Aid Foundation

Summary: The Assembly Banking and Finance Committee met and first approved the consent calendar, which included AB 2028, AB 2425, and committee bill AB 2795, all sent to the Committee on Appropriations. The committee also noted that AB 2558 and AB 2746 had been pulled from the agenda. The chair reviewed hearing procedures, including acceptance of written testimony and rules against disruptive conduct. The committee then heard AB 2116, which would require registration and basic conduct standards for certain small-business financing providers, including merchant cash advance companies, and prohibit confessions of judgment and power-of-attorney provisions before default. Supporters argued the bill would close an oversight gap and improve transparency for small businesses; a small business owner testified that a purported 13% loan turned out to have a 235% APR. Opponents said the bill mixed consumer and commercial regulation and could restrict access to capital, though they supported banning confessions of judgment. The bill passed on a roll call vote and was sent to Appropriations. AB 2243, by Assembly Member Haney, proposed creating a state bank commission to study whether California should establish a state bank or other public financing tools. Supporters said a public banking model could reduce borrowing costs, keep more public money in-state, and better finance housing, infrastructure, and other public priorities; opponents from banking groups raised concerns about taxpayer exposure, deposit guarantees, and the use of public funds and existing lending structures. The bill passed and was sent to Appropriations. The committee also heard AB 2350, which would set guardrails on rent-now-pay-later products for rental housing; supporters said these products can lead to high fees, debt, and eviction risk, while industry groups opposed the bill unless amended. AB 2350 passed as amended and was sent to Appropriations. At the end of the meeting, the committee completed roll calls for absent members and adjourned.