IRATE THE SENATE BANKING ON THE SENATE COMMITTEE ON BANKING
AND FINANCE INSTITUTIONS WILL COME TO ORDER GOOD AFTERNOON
IN RESPONSE TO THE CLUB IN NINETEEN EMERGENCY AND TO
PROTECT THE PUBLIC LEGISLATORS AND EMPLOYEES WE MUST LIMIT
NINETY CENTS FOR GATHERINGS AND IF YOU'RE TO SOCIAL DISTANCING
AND FACE COVERING GUIDELINES IN COMPLIANCE WITH THOSE ORDERS
THE SENATE HAS MADE NECESSARY ADJUSTMENTS TO NORMAL PRACTICES
IN ORDER TO ENSURE THAT THE PUBLIC CONTINUES TO HAVE ACCESS
TO THE LEGISLATIVE PROCESS TO ALLOW THE PUBLIC ACCESS WE HAVE
ADMITTED A NUMBER THAT WE HAVE ADMITTED MEMBERS OF THE PUBLIC
IN THE HEARING ROOM TO THE EXTENT THAT SOCIAL DISTANCING
REQUIREMENTS ALLOW AND WILL BE USING A TELECONFERENCE
SERVICE FOR THOSE INDIVIDUALS WHO WISH TO TESTIFY TODAY FOR
ALL INDIVIDUALS WISHING TO PROVIDE PUBLIC COMMENT THE
PARTICIPANT TOLL FREE NUMBER AND ACCESS CODE IS POSTED ON
OUR COMMITTEE WEBSITE IT WILL BE DISPLAYED ON THE SCREEN
AND I WILL ANNOUNCE IT TO DATE TODAY'S PARTICIPANT NUMBER IS
EIGHT SEVEN SEVEN TWO TWO SIX EIGHTY ONE SIXTY THREE AND
THE ACCESS CODE IS SEVEN THREE SIX TWO EIGHT THREE THREE FOR
DETAILED INSTRUCTIONS ON HOW THE TELECONFERENCES DON'T WORKS
PLEASE REFER TO THE SENATE WEBSITE WHEN WE MOVED TO PUBLIC
COMMENT YOU WILL BE PROMPTED BY AM HONOR MODERATOR TO DIAL
ONE THEN ZERO FOR SUPPORT AND OPPOSITION PRESS THIS ONLY ONE
TIME AND WAIT PATIENTLY FOR AN OPERATOR TO ASSIGN YOU A LINE
NUMBER THIS CAN BE A SHORT WEEK ONCE YOU RECEIVE YOUR
MIND NUMBER YOU WILL WAIT IN THE QUEUE FOR THE MODERATOR TO
CALL YOUR LINE NUMBER AT THE TIME YOU WILL BE AND MUTED AND
YOU WALK YOU WILL BE READY TO ADDRESS THE COMMITTEE PLEASE
NOTE THAT IN ORDER FOR US TO HEAR YOU CLEARLY INTO AVOID
ACOUSTIC FEEDBACK YOU MUST MEET THE DEVICE YOU ARE WATCHING
THE HEARING ON PRIOR TO GIVING TESTIMONY OVER THE PHONE IT
IS IMPORTANT THAT WE HEAR FROM YOU AND THAT WE AND WE
THANK YOU FOR YOUR PATIENCE I WILL MAINTAIN DECORUM DURING
THE HEARING AS IS CUSTOMARY IN ANY INDIVIDUAL WHO IS
DISRUPTIVE MAY BE REMOVED FROM THE REMOTE MEETING PROCESS OR
HAVE THEIR CONNECTIONS MUTED ON TODAY'S AGENDA WE HAVE
ONE BILL AND BEFORE WE HEAR THE PRESENTATION ON THE BILL
COMMITTEES ESTABLISHED FARM CONSULTANT PLEASE CALL THE ROLL
LIMON HERE ALONE HERE UNTIL ABOUT BUT CHAU ABOUT HERE
BRADFORD EASIER BRADFORD HERE CABALLERO I'LL BE
OUT HERE DALLY YOUR DAILY HERE THEY'RE ALSO HERE
THE ROUTE SO HERE WESO MEN YES MEN HERE PORTANTINO
THE CONSULTANT NOTES A QUORUM HAS BEEN ESTABLISHED NOW LET'S
HEAR FROM OUR AUTHOR WELCOME ASSEMBLY MEMBER GRAYSON YOU MAY
BE REGAINED BY PRESENTING YOUR BILL AB SEVEN SIX NINE THANK
YOU AND GOOD AFTERNOON MADAM CHAIR IN THE STEAM COMMITTEE
MEMBERS I AM PLEASED TO PRESENT TO YOU ASSEMBLY BILL SEVEN
SIXTY NINE WHICH AUTHORIZES UNTIL JUNE THIRTIETH TWENTY
TWENTY TO A CORPORATION TO CONDUCT ITS ANNUAL SHAREHOLDER
OF SHELL SHAREHOLDER MEETING REMOTELY GENERALLY CALIFORNIA
LAW REQUIRES A CALIFORNIA CORPORATIONS MUST HAVE SOME
TYPE OF IN PERSON COMPONENT TO THEIR ANNUAL MEETINGS BUT
SINCE THE START OF THE PANDEMIC THE NEWSOME ADMINISTRATION
AND THE LEGISLATURE HAVE TAKEN STEPS TO PROVIDE COMPANIES MORE
FLEXIBILITY TO CONDUCT THESE MEETINGS REMOTELY WHILE THE
VIRUS POSES A PUBLIC HEALTH RISK SO FAR THIS FLEXIBILITY
HAS BEEN A SUCCESS AND REMOTE SHAREHOLDERS MEETINGS HAVE
LED TO INCREASED PARTICIPATION UNFORTUNATELY THE EXECUTIVE
ORDER THAT ALLOWS TO FOR REMOTE SHAREHOLDER MEETINGS
WILL EXPIRE ON MARCH THIRTY FIRST TWENTY TWENTY TWO AB
SEVEN SIXTY NINE SIMPLY EXTENDS THE CURRENT POLICY UNTIL THE
SUMMER WELL WE ARE HOPEFUL THAT WE CAN CONTINUE PHASING OUT
THE TEMPORARY PUBLIC HEALTH MEASURES WE HAVE PUT IN PLACE
JUST THIS MORNING I READ ABOUT NEW SPIKES IN COVERT NINETEEN
CASES ABROAD WITH THIS IN MIND IT IS APPROPRIATE THAT WE GRANT
ADDITIONAL FLEXIBILITY OVER THE NEXT FEW MONTHS WHICH WILL
ALLOW SUCH MEETINGS TO BE HELD SAFELY ULTIMATELY AB SEVEN
SIXTY NINE WILL PROTECT THE PUBLIC HEALTH BY PROVIDING A
SIMPLE EXTENSION OF THE POLICY THAT HAS ALREADY PROVEN TO BE
VERY SUCCESSFUL AND WITH THAT I WOULD LIKE TO INTRODUCE TO
THE CHAIR MY WITNESS TEN COUNTS FOR REGIONAL VP AT SOMETHING
THANK YOU THE MANAGER MEMBERS THANK YOU FOR HEARING THE BILL
TODAY CAN'T CALLOUS ON BEHALF OF SAN DIEGO GAS ELECTRIC
SOCALGAS AND SEMPRA I WON'T REPEAT WHAT THE AUTHOR STATED
SUMMED IT UP IT'S REALLY SIMPLE BILL WE ASK FOR YOUR SUPPORT
IN THIS ONE TIME EXTENSION TO ALLOW US TO HOLD THE REMOTE
MEETING SAFELY OVER THE NEXT TWO MONTHS AND I QUESTIONS YOU
HAVE A RECOVERY AFTER THANK YOU VERY MUCH MR KRAUSS NEXT
WE HAVE OUR OUR RUN ACT DAYLAMI FROM THE CALCHAMBER WHO WILL
TESTIFY BELIEVE OVER THE PHONE YES CHAIR NUMBER ONE OKAY
LAWMAKER THE ADVOCATE FOR THE CALIFORNIA CHAMBER OF COMMERCE
REPORTED EIGHTY SEVEN SIX NINE LIKE TO THANK THE AUTHOR FOR
BRINGING THIS BILL FORWARD IN FURTHERANCE OF PROMOTING
THE PUBLIC HEALTH PRACTICES THE BILL PROVIDE NEED TO TALK
ABOUT THE INSURANCE THAT THEY HAVE EXPRESSED OPPOSITION TO
COME BACK ABOUT SHAREHOLDER MEETING FOR THE NEXT FEW MONTHS
FOLLOWING THE EXPIRATION DATE ON YOUR EXECUTIVE ORDER SHALL
CONTINUE TO MONITOR COMPLIANCE OF LONGER TERM STABILITY IN
THE COMING EIGHTEEN PANDEMIC IF THERE'S BEEN ANY RELIABLE
AT HAND AND THAT IT WOULD BE THE CONSTANT SHIP IN OUR PUBLIC
HEALTH DATA AND INVOLVING TITLE BUSINESS I PACKAGE --
FINDING THE CURRENT PUBLIC HEALTH NEEDS NOT POLITICAL
CARTOONIST MARK THAT WOULD MAKE CHANGES TO THEIR PRACTICES
ESPECIALLY AS WE TRANSITION HOPEFULLY INTENT AND GOVERNMENT
APPROACH TO THE CURRENT IRATE PANDEMIC I ALSO DON'T WANT TO
BE A LONG AND LIKE THEM AND GIVEN THAT I'M BUT BELT BUT I
WILL JUST SAY WE BELIEVE THAT THE BILL BE CREATED BY EIGHTY
NINE BOTH EXTREMELY HELPFUL AND MOST PRUDENT FINANCIAL
PERIOD POLITICS TECHNICAL ORDER WE ASKED ABOUT I THANK
YOU GREAT THANK YOU NOW DO WE HAVE ANY OTHER FOLKS WHO
ARE IN SUPPORT OF THE BILL PLEASE JUST NAME ORGANIZATION
IMPOSITION ANYONE HERE IN THE HEARING ROOM WE DO PLEASE
COME UP TO THE MICROPHONE GOOD AFTERNOON ACTUALLY JOHNSON ON
BEHALF OF PACIFIC GAS ELECTRIC COMPANY IN SUPPORT THANK YOU
THANK YOU SEE NO ONE ELSE IN THE HEARING ROOM WE WILL MOVE
TO ANY INDIVIDUALS WHO ARE IN SUPPORT OF THIS BILL WHO ARE
-- ON THE TELECONFERENCE ORVIS MODERATOR IF YOU WOULD PLEASE
PROMPT INDIVIDUALS WAITING TO TESTIFY IN SUPPORT OF AB SEVEN
SIX NINE WE WILL BEGIN SURE IF YOU ARE IN SUPPORT OF AB
SEVEN SIX NINE THREE PRESS ONE THEN ZERO ON YOUR PHONE YOU'RE
USING A SPEAKER PHONE PLEASE PICK UP YOUR HANDSET BEFORE
PRESSING THE NUMBERS ONCE AGAIN THAT IS ONE THEM ZERO
FOR SUPPORT OF EIGHTY SEVEN SIX NINE AND WE WILL GO TO
LINE NUMBER TEN PLEASE GO AHEAD
A GOOD AFTERNOON LONGER PROGRAM BECAUSE OF CALIFORNIA EDISON
IN SUPPORT OF THE MEASURE
THANK YOU AND ONCE AGAIN IN SUPPORT OF AB
SEVEN SIX NINE ONE ZERO
AND WE DO NOT HAVE ANYBODY IN YOUR MANAGER THANK YOU VERY
MATHIS AT NOW WE WILL HEAR FROM WITNESSES IN OPPOSITION
THIS BILL DOES NOT HAVE ANY STATED OPPOSITION AT THE MOMENT
AND I'M LOOKING AROUND THE HEARING ROOM TO SEE IF THERE'S
ANYONE IF ANYBODY WOULD LIKE TO SPEAK IN OPPOSITION ALL RIGHT
MODERATOR AS CAN YOU PLEASE CHECK THE PHONE LINES TO SEE
IF WE HAVE ANYONE WHO WOULD LIKE TO SPEAK IN OPPOSITION IF
YOU ARE IN OPPOSITION EIGHTY SEVEN SIX NINE ONE ONE BILL
ON YOUR PHONE AND AGAIN AS THE VISION OF AB SEVEN SIX NINE
AND WE DO NOT HAVE ANYBODY SHOWING UP AS OF RIGHT NOW
MAN THANK YOU AT SINCE WE HAVE HEARD OUR SUPPORT OPPOSITION
WE WILL NOT BRING THE DISCUSSION TO MEMBERS MEMBERS
AT SENATOR DALY -- THE BILL THANK YOU HAVE A MOTION ANY
ADDITIONAL COMMENTS QUESTIONS ALL RIGHT WITH C.
NINE AT WE HAVE A MOTION AND WE WILL THE MOTION IS TO
MOVE ASSEMBLY BILL SEVEN SIX NINE THE MOTION AND SO I WILL
READ ONCE HE PASSES RIGHT THE REST OF THE MOTION IS TO
PASS BUT FIRST TO RE REFER TO THE COMMITTEE ON JUDICIARY
CONSULTANT PLEASE CALL THE ROLL
THE MOTION IS DUE PASSED THE FIRST BE REFERRED TO THE
COMMITTEE ON JUDICIARY WILL MOUNT I ALONE I BUT CHAU BOAT
WHICH -- BUG HI BRADFORD HI BRADFORD I CABALLERO W.
L.
I.
DALLI DALLI I THE RUSSELL HI THE RUSSELL II WESO
MAN MAN HI PORTANTINO
I RATE THEM AT THE BILL HAS SEVEN -- ICE AND WE WILL PULL
THAT -- ON CALL TO SEE IF ANY ADDITIONAL MEMBERS JOIN US
-- AND -- THAT IS IT FOR THE DAY THANK YOU VERY MUCH IS
ONLY MEMBER GRAYSON AND I JUST REALIZED I DIDN'T GIVE YOU THE
OPPORTUNITY TO CLOSE THANK YOU MEDICARE NETWORK OKAY THANK
YOU IRATE AND WE DO HAVE A MEMBER HERE TO DO IT ADAM VOTE
THE MOTION IS DUE PASSED THE FIRST BE REFERRED TO
THE COMMITTEE ON JUDICIARY WEST SO LET'S -- I'D
ALL RIGHT THE BILL HAS AYE EAT AYE VOTES AND THAT BILL
MOVES ON TO JUDICIARY THANK YOU EVERYONE THIS CONCLUDES
THE SENATE BANKING COMMITTEE