The State Government Affairs (SGA) Committee serves as a forum to address state legislative and regulatory initiatives. It comprises four subcommittees: Cards, Mortgage Lending, Personal Loans, and Vehicle Finance. The SGA Committee reviews legislation; analyzes legislative trends; gathers political intelligence; formulates strategy and issues management materials; identifies and recommends industry-wide positions on state legislation and regulatory issues; develops intellectual resources to support state and local lobbying activities; and engages in direct advocacy where appropriate via formal commentary and occasionally hiring on-the-ground lobbyists. The committee holds in-person meetings three times a year.