Omnibus Bill.pdf

The proposed amendment to S.F. No. 2744 appropriates funds to various agencies and programs, including the Department of Commerce, for fiscal years 2024 and 2025. The appropriations are allocated as follows:

- $34,660,000 for 2025 and $33,757,000 for 2024 to the Department of Commerce, with subdivisions for specific purposes such as financial institutions, administrative services, and enforcement.
- $2,492,000 for 2025 and $2,372,000 for 2024 for financial institutions, including grants to Prepare and Prosper and Exodus Lending for financial services inclusion programs and small dollar loan programs.
- $10,104,000 for 2025 and $10,078,000 for 2024 for administrative services, including system modernization, cybersecurity upgrades, and senior safe fraud prevention programs.
- $7,670,000 for 2025 and $7,382,000 for 2024 for enforcement, including additional peace officers in the Commerce Fraud Bureau and staff for market conduct examinations.

The amendment also includes requirements for reporting and criteria development for certain programs, such as character-based small dollar loan programs.