Can you just tell the audience, like, what exactly has happened in California? And what is former Director Chopra's new sort of sphere of influence or authority?

Yes.

Thanks for the question.

It's a good one, Chris.

And basically dates back to when Governor Newsom, our governor in California, broke up and divided the business consumer services and housing agency into effectively two separate agencies.

And it created what's now the California Business and Consumer Services Agency, the BCSA, which And Rohit Chopra is the secretary, the very first inaugural secretary of the BCSA, which now sits over several state agencies, starting with the Department of Financial Protection and Innovation, the Department of Consumer Affairs, the Department of Real Estate, the Department of Cannabis Control, and the Department of Alcoholic Beverage Control, the ABC.

And the goal is to sort of bring all of these consumer protection agencies under one umbrella, focusing on consumer protection specifically and separating out state housing and homelessness and other issues to the second and separate agency that was created.

What do you think this means for them now that former director Chopra is now the secretary of BCSA?