The Senate Budget and Fiscal Review Subcommittee No. 4 on State Administration and General Government convened on May 1, 2025, to discuss several key issues impacting public welfare and regulatory practices in California.
A significant topic of discussion centered on the enforcement of the Business and Professions Code 4069, which mandates that pharmacists provide pet owners with essential drug documentation, including information on side effects and potential risks. Concerns were raised about the lack of enforcement in this area, with a noted increase of 132.4% in filings to the veterinary board, highlighting the urgent need for better communication and awareness among pet owners regarding their rights to request this information.
Indira McDonald, representing the California Mortgage Bankers Association, addressed the proposed programmatic fee increase outlined in the trailer bill. This increase would triple the annual assessment for independent mortgage banks, alongside a significant rise in audit costs from $80 to $120 per hour. McDonald emphasized the importance of balancing these new fees with the need for program reforms that enhance efficiency in regulatory duties. She expressed hope for continued dialogue with the Department of Financial Protection and Innovation (DFPI) to clarify the implications of these changes before they take effect in September.
The discussions underscored the importance of regulatory transparency and the need for effective communication to ensure that both pet owners and mortgage banks are adequately informed of their rights and responsibilities. The subcommittee's ongoing efforts to address these issues reflect a commitment to improving public welfare and regulatory efficiency in California.