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Appropriations Committee advances multiple housing and insurance bills; two consumer-protection measures also moved forward
Summary
On March 19 the California Assembly Appropriations Committee advanced several bills: AB 493 (interest on post-loss insurance payouts) and AB 597 (consumer protections after disasters) were moved out on A roll calls after brief hearings; other bills on the day's agenda were taken to or from the suspense file as recorded in committee action.
The Assembly Appropriations Committee on March 19, 2025 heard short presentations on multiple bills and moved several forward on roll calls. Two bills that saw limited discussion and were advanced on A roll calls during the regular hearing were:
AB 493 (author: not specified in transcript block): The bill would eliminate an exemption and require that homeowners receive interest on post-loss insurance payouts; the author thanked the governor and asked for an "I" vote. Andrea McDonald of the California Mortgage Bankers Association said she was "not in opposition" but raised conforming-change concerns related to the Residential Mortgage Lending Act and the unique nature of hazard-insurance proceeds; she said she was optimistic about continuing conversations with the author. The committee moved AB 493 out on an A roll call.
AB 597 (author: not specified in the excerpt): Assemblymember Javierian presented the bill to strengthen consumer protections after disasters, noting the protections exist in other states. Joseph Infante Figueroa of the Department of Insurance spoke for Insurance Commissioner Ricardo Lara as a proud sponsor and asked for an I vote; he said the department asked for an I vote on behalf of the commissioner. The bill was moved out on an A roll call.
Several other bills on the agenda were placed on the suspense file for later consideration and, at the end of the hearing during the suspense calendar, the committee substituted motions and returned due-pass recommendations on the suspense items (committee record lists the suspense items and due-pass substitutions).
