Video & Transcript : 'APR' :

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IA
IA

Iowa 2025-2026 Regular Session

Education Mar 31st, 2025 at 01:30 pm

Education

AL
AL

Alabama 2026 Regular Session

Alabama House Ways and Means General Fund Committee Feb 18th, 2026

Ways and Means General Fund

AL
AL

Alabama 2026 Regular Session

Alabama House Ways and Means General Fund Committee Feb 11th, 2026

Ways and Means General Fund

AL
AL

Alabama 2025 Regular Session

Alabama House Ways and Means General Fund Committee Apr 1st, 2025

Ways and Means General Fund

AL
AL

Alabama 2025 Regular Session

Alabama Senate Finance and Taxation General Fund Committee Apr 24th, 2025

Finance and Taxation General Fund

CA
CA

California 2025-2026 Regular Session

Assembly Housing and Community Development Committee Feb 25th, 2026

Housing and Community Development

Transcript Highlights:
  • I should also note that APR data can be flawed or incomplete.
  • So the state APR data does have a field for denoting SB 6 usage.
  • The APR data is as accurate as it is inputted by local planning staff.
  • Another issue with the APRs is that the data is lagging.
  • And so that's, Identified in the APRs as using AB 2011.
Committee: House Housing and Community Development
CA
CA

California 2025-2026 Regular Session

Assembly Housing and Community Development Committee Feb 25th, 2026

Transcript Highlights:
  • I should also note that APR data can be flawed or incomplete.
  • So the state APR data does have a field for denoting SB 6 usage.
  • So the state APR data does have a field for denoting SB6 usage.
  • The APR data is as accurate as it is inputted by local planning staff.
  • Another issue with the APRs is that the data is lagging.
Summary: The hearing was an outcome review of AB 2011, the Affordable Housing and High Road Jobs Act of 2022, focused on whether the law is being used as intended to speed housing production on commercially zoned land while maintaining labor and affordability standards. Chair Haney and Assembly Member Wicks emphasized that the point of the review was not to relitigate the bill, but to assess implementation and results. The first panel of researchers and policy experts said AB 2011 has had real but still limited uptake so far, with roughly 5,800 homes proposed, entitled, or permitted under the law through 2024, concentrated mainly in San Francisco and Los Angeles counties. They also noted that the broader housing market remains constrained by high construction costs, interest rates, and flat rents, making it hard to isolate the bill’s effects from overall market conditions. Witnesses generally agreed that AB 2011 has been most effective for 100% affordable projects and for projects already using public subsidies or prevailing wage, where the ministerial process and CEQA streamlining help move developments forward. Several speakers described the law as a useful bargaining tool that can push jurisdictions to rezone or approve projects more quickly even when AB 2011 is not formally invoked. At the same time, developers and advocates said the mixed-income pathway is much less usable in most of the state because prevailing wage and the 15% affordability requirement add significant cost, especially in lower-rent markets. They also pointed to implementation issues such as narrow site eligibility rules, the “substantially surrounded by urban uses” test, industrial-use exclusions, and confusion about whether the law applies to homeownership projects. The second panel, made up of practitioners using the law, described specific projects that moved forward under AB 2011, including affordable housing developments in the San Joaquin Valley and large mixed-use projects in San Francisco. They said the law’s biggest benefit is certainty: projects that once took years to entitle can now move in months. However, they repeated calls for changes such as clarifying homeownership eligibility, loosening density and site restrictions, narrowing the industrial-use exclusion, and making the law easier to understand for developers and local staff. Members also raised concerns about uneven use across regions, especially the relative lack of AB 2011 activity in Los Angeles and Santa Clara County, and about the accuracy and lag in annual progress report data. The final panel, including the original sponsors, said they remain supportive of the law but are open to adjustments to reduce costs and improve usability while preserving labor protections and affordability goals.
MA
MA

Massachusetts 2025-2026 Regular Session

Senate Session (Full Formal with Calendar) Apr 1st, 2026

Massachusetts Senate Floor Meeting

Transcript Highlights:
  • Tarr, APR, climate resilience, and succession criteria. Senator Tarr. Thank you, Mr.
  • President, the instant bill looks at some of those APR issues in terms of what counts, what is eligible
  • as an allowable use on farmland if it is going to be the subject of an APR.
  • This particular amendment would amend the considerations in an APR to with a The particular amendment
  • And so in those cases, we ought to at least have ...restriction and APR.
CA
CA

California 2025-2026 Regular Session

Assembly Banking and Finance Committee Jul 7th, 2025

Transcript Highlights:
  • What's the APR for that? That's 45%, he explained. A 9% simple interest rate.
  • What's the APR for that? That's 45%, he explained. What does a 4% fee rate mean? He asked.
  • That's also, it turns out, a 45% APR.
  • find out the APR.
  • At that time, the provider shall also state the rate as an APR, or the annual percentage rate.
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.
CA
CA

California 2025-2026 Regular Session

Assembly Banking and Finance Committee Jul 7th, 2025

Banking and Finance

Transcript Highlights:
  • What's the APR for that? That's a 45%, he explained. What does a 4% fee rate mean? He asked.
  • That's also, it turns out, a 45% APR.
  • As drafted, the bill would require an APR disclosure as part of any communications, which my clients
  • find out the APR.
  • Higher APR, and that cost would probably go to consumers.
Committee: House Banking and Finance
MA
MA

Massachusetts 2025-2026 Regular Session

Senate Session (Full Formal with Calendar) Jun 21st, 2026 at 10:00 am

Massachusetts Senate Floor Meeting

Transcript Highlights:
  • Tarr: APR, climate resilience, and succession criteria. Senator Tarr. Thank you, Mr.
  • President, the instant bill looks at some of those APR issues in terms of what counts, what is eligible
  • as an allowable use on farmland if it is going to be the subject of an APR.
  • This particular amendment would amend the considerations in an APR to with a The particular amendment
  • And so in those cases, we ought to at least have... ...restriction and APR.
Summary: The Senate resumed debate on An Act Fostering Agricultural Resilience in Massachusetts and considered a series of amendments focused on farm economics, land preservation, energy, labor, and agricultural education. Senator Tarr’s Amendment 5, allowing local-option tax exemptions for newly constructed farm buildings for up to five years, was adopted by a roll call vote of 38-0. Several other Tarr amendments were debated but not adopted, including proposals on APR criteria and climate resilience, a one-stop permit and grant portal, a foreign-ownership farmland registry, horse-riding instructor licensing, expanding farm-based renewable energy, a farm stand waiver process, non-agricultural conversion notice requirements, and a health and wellness amendment. Senator Mark’s Amendment 20, creating a Massachusetts Food Tourism Task Force to support marketing and procurement of agricultural goods, was adopted. Senator Gomez’s Amendment 41 on farmworker fairness and wage protections was withdrawn after discussion, with Senators Eldridge and Comerford speaking in support of continued work on the issue. Senator Fattman’s Amendment 34, directing a study of agricultural schools and regional workforce needs, was adopted by roll call vote 37-0. The chamber also took up several procedural matters and extension orders. The Senate adopted a Ways and Means amendment and then ordered the agricultural bill to a third reading before passing it to be engrossed by a roll call vote of 39-0. Separately, the Senate adopted extension orders for the Committee on Revenue and the Committee on Financial Services, with Senators Eldridge and Feeney explaining the need for additional time on revenue and financial services bills; Senator Tarr raised concerns about the scope and duration of some of the extensions. The Senate also approved an extension for a financial technology services bill. In addition to legislative action, the Senate observed a moment of silence in memory of Mark K. Harris after a motion by Senators Collins and Miranda, and recognized guests for Youth Mentoring Day and the Mass Mentoring Program. The chamber also passed a memorial overpass designation for U.S. Marine Staff Sergeant Raymond G. Torville and a local alcohol-license bill for the town of Topsfield. The session concluded with an order to adjourn until the next day at 11 a.m., with the adjournment also dedicated to the memory of Mark K. Harris.
MA
MA

Massachusetts 2025-2026 Regular Session

Senate Session (Full Formal with Calendar) Apr 1st, 2026

Massachusetts Senate Floor Meeting

Transcript Highlights:
  • Tarr: APR, climate resilience, and succession criteria. Senator Tarr. Thank you, Mr.
  • President, the instant bill looks at some of those APR issues in terms of what counts, what is eligible
  • as an allowable use on farmland if it is going to be the subject of an APR.
  • This particular amendment would amend the considerations in an APR to with a The particular amendment
  • Restriction and APR.
Summary: The Senate resumed consideration of An Act Fostering Agricultural Resilience in Massachusetts and took up a series of amendments focused on farm taxation, land preservation, permitting, renewable energy, marketing, and labor standards. Amendment 5, offered by Senator Tarr, would allow local option tax exemptions for newly constructed farm buildings for up to five years; it was supported by Senator Comerford and adopted by a roll call vote of 38-0. Amendment 20, offered by Senator Mark, created a Massachusetts Food Tourism Task Force to improve marketing and promotion of agricultural goods, and it was also adopted. Several other Tarr amendments were debated but rejected, including proposals on APR criteria, a one-stop permitting and grants portal, foreign ownership tracking in the farmland registry, horse-riding instruction licensure, higher solar/agrovoltaics caps on farmland, farm stand waiver flexibility, notice before conversion of registered farmland, and a health and wellness amendment. A major point of debate was Amendment 41, offered by Senator Gomez, which sought to extend wage and hour protections to agricultural laborers, including raising the subminimum wage, adding overtime, paid breaks, and paid time off. Senator Gomez described the measure as a correction to racist historical exclusions, and Senator Eldridge and Senator Comerford spoke in support of stronger worker protections and continued negotiations. The sponsor ultimately withdrew the amendment, saying talks with stakeholders and Senate leadership would continue. The chamber also heard a brief recognition for youth mentoring guests and later adopted a study amendment from Senator Fattman directing an assessment of the need for a Central Massachusetts agricultural school; that amendment passed 37-0. After the agricultural bill was amended by the Senate Ways and Means amendment and ordered to a third reading, the Senate passed the bill, An Act Fostering Agricultural Resilience in Massachusetts (S. 3029), to be engrossed by a vote of 39-0. The Senate then adopted several committee extension orders, including extensions for the Revenue Committee and the Financial Services Committee, with some discussion about the number and scope of bills covered. The chamber also passed a local bill designating the U.S. Marine Staff Sergeant Raymond G. Torville Veterans Memorial Overpass in Sandwich and another local alcohol licensing bill for Topsfield. The session ended with recognitions for community and youth groups, a motion to adjourn in memory of Mark K. Harris, and adjournment to the following day at 11 a.m.
MO
MO

Missouri 2026 Regular Session

2026 Legislative Session - Day Thirty One - Tuesday, March 3 - Morning Session

Missouri House Floor Meeting

Transcript Highlights:
  • APR required of our school districts right now through MSIP-6, yep. Right.
  • So was there any consideration to have this replace the APR? No.
  • Been reported in the APR. It would be part of this because we want growth.
  • There is in the APR model, right?
  • When it comes to APR, no one that I know of likes the MAP test.
MO
MO

Missouri 2026 Regular Session

2026 Legislative Session - Day Thirty One - Tuesday, March 3 - Morning Session

Missouri House Floor Meeting

Transcript Highlights:
  • So was there any consideration to have this replace the APR? No, no.
  • There is in the APR. There is no penalty in this model. There's no penalty.
  • There is in the APR model, right?
  • There is in the APR. There is no penalty in this model. There's no penalty.
  • There is in the APR model, right?
Summary: The House first approved the previous day’s journal by roll call vote, 116-0, and then spent a long portion of the morning recognizing visiting students, homeschool groups, professional associations, veterans, and other guests in the gallery. A moment of silence was held in honor of Conrad Ashcraft after a member introduced his grandmother, who was present to testify on a bill related to his death. The chamber also recognized a birthday page, a 90th birthday for a House staff member, and Chiropractic Physicians Day. The main floor debate centered on House Committee Substitute for House Bill 2710, which would create an A-through-F school grading system for public schools and charter schools. Supporters said the bill would give parents a simple, transparent way to understand school performance, while also preserving more detailed underlying data and adding a climate scorecard amendment covering suspension, restraint, and satisfaction measures. The bill sponsor and supporters emphasized that the measure was revised from earlier versions, that the A grade would be based on the top decile rather than a moving target, that literacy and growth measures were important, and that any teacher incentive funding would be handled through appropriations and the teacher retention and recruitment fund rather than direct bonuses. Opponents argued that letter grades would stigmatize schools, destabilize staffing, and oversimplify complex school conditions, especially in districts with high poverty, mobility, or special education populations. Several members questioned the fairness of comparing schools with different funding levels, demographics, and student turnover, and others argued that the bill would not solve concerns about the MAP test or broader school funding. One member objected that the bill applied only to public and charter schools while state dollars are also now going to private-school tuition support. Despite those concerns, the House adopted the amendment offered by the St. Louis member, then adopted the committee substitute and ordered House Bill 2710 perfected and printed. Afterward, the House took up House Committee Substitute for House Bills 2404 and 2172, a measure to remove deed restrictions on unused public school property and create a right of first refusal for public entities, including charter schools. Supporters said the bill would allow vacant school buildings to be reused for education rather than sit unused or be demolished, and could generate revenue for school districts. The bill was advanced after discussion, with members citing examples from St. Louis and other areas where unused buildings could have been repurposed for charter or other educational use.
NM
NM

New Mexico 2025 Regular Session

House - Commerce and Economic Development Feb 3rd, 2025

House Commerce & Economic Development Committee

Transcript Highlights:
  • There is no APR.
  • There's no APR. There's no compounding anything. They are fee-based.
  • It also provides a 99.99% APR repayment within one year.
  • And under their business model, it sounds like they've capped their interest rates at roughly 20% APR
  • That is different than how we calculate and impose an APR on a loan.
Committee: House House Commerce & Economic Development Committee
ID
ID

Idaho 2026 Regular Session

Mar 5th, 2026

Business

Transcript Highlights:
  • Six, including Idaho, have no limit on APR.
  • When calculated in an APR form, the result is 481%.
  • Note, an APR product charges interest or fees every billing cycle for an entire year.
  • Payday loans are not an APR product.
  • Therefore, the APR form is an inaccurate representation of the true cost.
Committee: House Business
CA
CA

California 2025-2026 Regular Session

Assembly Local Government Committee Mar 12th, 2025

Transcript Highlights:
  • Unlike the housing element APR, the general plan APR does not have a required format.
  • Unlike the housing element APR, the general plan APR does not have a required format.
  • The general plan APR allows us to identify statewide trends in land use decision-making and how local
  • APRs may also inform modifications to our...
  • APRs may also inform modifications to our general plan guidelines and identify other necessary technical
Summary: The committee first heard AB 253, by Assembly Member Ward and presented by Assembly Member Quirk-Silva, which would allow licensed third-party professionals to review certain post-entitlement permits if a local building department would take more than 30 days. Supporters, including California YIMBY, the California Chamber of Commerce, the Housing Action Coalition, the Bay Area Council, SPUR, and Abundant Housing LA, said the bill would reduce permitting delays and help housing production. League of Cities and the California State Association of Counties expressed concerns but were not formally opposed. Members voiced strong support, and the bill passed the committee 10-0 to Appropriations. The committee then held an informational hearing on California’s general plan. The first panel, led by UC Davis professor Catherine Brinkley, gave an overview of the general plan structure, required elements, update cycles, and the new PlanSearch database that makes adopted plans searchable statewide. She emphasized that general plans are long-term, locally tailored documents that integrate housing, transportation, safety, environmental justice, and other policy areas, and noted that many plans and elements are outdated. Members asked about update timelines, public participation, and whether AI tools could help with drafting and analysis. A second panel of local government representatives described the practical challenges of preparing and updating general plans, especially in rural and small jurisdictions. Speakers from Calaveras County, Sacramento, San Joaquin County, and Fountain Valley cited staffing shortages, consultant availability, funding constraints, CEQA and outreach costs, changing state mandates, and the difficulty of keeping plans aligned with local conditions and board turnover. They asked for more funding, more time, clearer prioritization, and more flexibility. A third panel from the Governor’s Office of Land Use and Climate Innovation explained its role in issuing general plan guidelines, technical advisories, and annual planning surveys, and said it is updating its guidance through 2027 to reflect recent housing, climate, safety, environmental justice, and open space laws. No public comment was offered, and the informational hearing was adjourned.
WA
WA

Washington 2025-2026 Regular Session

Senate Business, Trade & Economic Development Jan 29th, 2026 at 08:00 am

Business, Trade & Economic Development

Transcript Highlights:
  • Okay, so APR is based on a year. Is that correct? But these are short-term loans, correct?
  • One of the issues why we do rely on the APR calculation is because these loans do blow a hole through
  • Why do your opponents say it's 391% APR?
  • However, the way the product operates, it is not an APR product.
  • This is a flat-fee, one-time-based product, not an APR product.
Bills: SB5976 , SB6111 , SB6250 , SB6257 , SB6289 , SGA9060 , SGA9169 , SGA9265 , SGA9266
Committee: Senate Business, Trade & Economic Development
Keywords: commercial email, spam regulations, online marketing, privacy, consumer protection, SB 6111, Washington Protecting Children Online Act, online child safety, minor privacy, age verification, parental consent, social media regulation, digital platforms, user-generated content, content moderation, online harms, youth protection, data privacy, geolocation, targeted advertising
WA
WA

Washington 2025-2026 Regular Session

Senate Business, Trade & Economic Development Jan 29th, 2026

Transcript Highlights:
  • Okay, so APR is based on a year. Is that correct? But these are short-term loans, correct?
  • One of the issues why we do rely on the APR calculation is because these loans do blow a hole through
  • Why do your opponents say it's 391% APR? Well, and I apologize.
  • However, the way the product operates, it is not an APR product.
  • This is a flat-fee, one-time-based product, not an APR product.
Summary: The committee heard public testimony on several bills. SB 5976 would revise the Washington Commercial Electronic Mail Act by narrowing liability for misleading email subject lines and changing damages and Consumer Protection Act claims. Business, retail, hospitality, and e-commerce witnesses supported the bill, saying recent litigation has created uncertainty and exposed routine marketing emails to excessive penalties. Consumer advocates and the Washington State Association for Justice opposed it, arguing the current law protects consumers from deceptive marketing and that the bill would weaken enforcement and class actions. SB 6111 would require age verification and parental consent for minors creating social media accounts, restrict providers’ use of minors’ data, and authorize enforcement by the Attorney General and a limited private right of action. The sponsor and several parents, medical professionals, and advocacy groups supported the bill as a response to social media harms, including addiction, depression, cyberbullying, eating disorders, and exposure to harmful content. Technology and civil liberties witnesses opposed it, warning about privacy, data security, constitutional concerns, and the difficulty of implementing reliable parental consent and age verification. The committee also heard SB 6250, which would raise the maximum small loan amount from $700 to $1,200 and index it to inflation. The sponsor and a lender representative said the change would update an outdated limit and preserve existing consumer protections. Opponents, including legal aid, poverty, housing, labor, AARP, and community advocates, argued the higher cap would increase debt burdens and fees for low-income borrowers and older adults. Staff also briefed SB 6257, which would allow illness-related tolling for trainee real estate appraiser licensing timelines, and SB 6289, which would direct Commerce to create a statewide economic development and competitiveness strategic plan; SB 6289 drew supportive testimony from Commerce, ports, economic development groups, and business interests. The committee also held confirmation hearings for several Gambling Commission and Lottery appointees, who described their backgrounds and service, but no votes or final actions were taken in the transcript.
WA
WA

Washington 2025-2026 Regular Session

House Consumer Protection & Business Jan 27th, 2026 at 01:30 pm

Consumer Protection & Business

Transcript Highlights:
  • form as an APR percentage.
  • Unfortunately, this is not an APR problem. It's like comparing apples to watermelons.
  • product, and thereby you calculate it as an APR percentage.
  • Although the quirk in TILA requires it to be disclosed in an APR format, it's a one-time fee.
  • So it is not an APR product, although often mischaracterized; we're talking about a flat-fee product
Bills: HB2361 , HB2542 , HB2629 , HB2394 , HB2274 , HB1078 , HB2294
Committee: House Consumer Protection & Business
Keywords: small loans, consumer protection, financial regulation, lending limits, credit access, animal testing, alternatives, ethical research, animal welfare, scientific methods, infrastructure, protection, safety, security, state regulations, public safety, insurance fraud, law enforcement, crime, penalties