Legislation by Sen. Bob Hertzberg (D-Van Nuys) that would shine light on the bail industry’s predatory lending practices and establish the framework that would allow licensed cannabis businesses to open bank accounts passed the Senate Appropriations Committee.
The following bills authored by Hertzberg passed out of Senate Appropriations and will be eligible for a Senate floor vote next week.
SB 898 requires bail contracts to be posted online, requires them to be made available in different languages and requires bail companies to submit information about their lending practices to the California Department of Insurance. Under the bill, the insurance commissioner will lead an analysis of the bail insurance market as it relates to their profits and the relationship between the risk assumed by the insurer and the rates charged to those seeking a bail bond.
SB 930 would authorize the creation of cannabis limited charter banks and credit unions, and authorize the use of special purpose checks issued by those institutions for specified purposes.
SB 944 authorizes a local emergency medical services agency to develop and seek approval for a community paramedicine program, which would provide a number of community paramedic services as defined by the bill. The bill requires the state Emergency Medical Services Authority, with the advice and consent of the Community Paramedicine Oversight Committee created by this act, to adopt minimum medical protocols for community paramedicine program specialties. For information on the complete list of bills, visit senate.ca.gov/hertzberg.
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