Video & Transcript Research : 'liability shield'

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TX

Texas 89th Regular

Pensions, Investments & Financial Services Mar 3rd, 2025

Pensions, Investments & Financial Services

Transcript Highlights:
  • We had about $14 billion in unfunded liability.
  • Don't expect the pension plan to be a- able to generate that liability in its investment returns.
  • Our unfunded liability is sitting just over $60 billion.
  • However, we are in a position to pay that liability off over the next 28 years.
  • In terms of paying off that unfunded liability.
Keywords: 1184, house, all
NM

New Mexico 2025 Regular Session

IC - Investments and Pensions Oversight Nov 5th, 2025

Investments & Pensions Oversight Committee

Transcript Highlights:
  • However, our accrued liability has increased.
  • So our unfunded liability, what we are short, is $9.7 billion.
  • But at that point in time, our liability was less than a billion dollars.
  • So while we're making improvement, that unfunded liability...
  • And the SB 72 was really to address the unfunded liability.
MN

Minnesota 2025-2026 Regular Session

Legislative Commission on Pensions and Retirement - 03/17/26

Minnesota Senate Floor Meeting

Transcript Highlights:
  • Pension policy, you want to match assets with liabilities.
  • , it's funding an unfunded liability.
  • be able to fund their liabilities in the TRA program.
  • I'm not sure about reducing the liability of the plans.
  • liability, unfunded liability for TRA. liability, unfunded liability for TRA.
Keywords: 918, senate, all
Summary: The commission first approved the minutes and then took up several pension omnibus items. Representative Rapinski’s item, related to an I-RAP issue, was moved ahead of the agenda and passed without further information after members noted the State Board of Investment and Minnesota State had not identified additional facts; the bill, as previously amended, was recommended for inclusion in the 2026 Pension Omnibus Bill. The committee also corrected a procedural issue on Senator Gustafson’s bill, SF 3897/HF 3703, after realizing an amendment referenced earlier belonged to a different bill; the motion was restated without the amendment reference and the bill was then recommended to pass and be incorporated into the omnibus bill. The main policy discussion centered on SF 3897/HF 3703, which would change how terminating firefighter relief association plans value benefits for firefighters under age 50. Senator Gustafson said the current statute can unfairly reduce benefits by requiring present-value discounting and that the bill would instead allow benefits to be based on accrued benefit under the plan formula, while still leaving relief associations flexibility to use present value if they choose. Staff confirmed the bill applies only to relief associations under chapter 424B, not PERA or the statewide plan. Senator Rasmussen raised concerns about consistency between SVF and non-SVF reliefs and about differing treatment on termination; the bill author acknowledged the difference. The committee ultimately voted to recommend the bill for inclusion in the omnibus pension bill. The final major item was House File 4162, as amended by an A1 amendment, which requires employers of reemployed annuitants in TRA to make employer contributions during reemployment, including Minnesota State Colleges and Universities employees covered under section 354.445. Representative O’Driscoll argued the bill would direct existing education-formula pension dollars to TRA, prevent districts from using those funds elsewhere when retirees are rehired, and keep the employee neutral because the annuitant’s benefit would not change. Supporters said the measure would help pension funding and address situations where districts rehire retired teachers, often in hard-to-fill specialties. Opponents, including Senator Rasmusson, questioned the added cost to school districts, citing an estimated $5.385 million in annual TRA revenue from the change and warning it could reduce districts’ ability to hire or retain staff. After discussion, the committee had not yet taken final action on this item in the portion of the meeting provided.
MN

Minnesota 2025-2026 Regular Session

Legislative Commission on Pensions and Retirement - 03/18/25

Minnesota Senate Floor Meeting

Transcript Highlights:
  • <00:41:40.880> and ensure that Actuarial liabilities and ensure that Actuarial liabilities
  • It's almost 24% of their liability, so this factor has a bigger effect on the overall plan liability
  • <00:50:55.400> would decrease in unfunded liabilities would decrease in unfunded liabilities
  • <01:35:57.600> which assumption for our liabilities which assumption for our liabilities which
  • helps us weather some of that liability helps us weather some of that liability or<01:36:00.360>
Keywords: 1187, senate, all
NM

New Mexico 2026 Regular Session

Senate Chamber Feb 12th, 2026 at 04:57 pm

New Mexico Senate Floor Meeting

Transcript Highlights:
  • Madam President and Senator, I get to thinking sometimes about our civil liability or liability insurance
  • I get to thinking sometimes about our civil liability or liability insurance, and I know the secretary
  • you have, and your insurance broker will tell you the liability you should probably cover.
  • But the state does not accept liability when they sign contracts.
  • They put the liability upon the vendor.
Keywords: 996, all
CO

Colorado 2026 Regular Session

Colorado Senate 2026 Legislative Day 022 Feb 5th, 2026

Colorado Senate Floor Meeting

Transcript Highlights:
  • We're going to liability provisions.
  • . liability. liability. repeal. repeal. repeal.
  • ,<01:50:07.840> that to this limitation on liability, that to this limitation on liability
  • > limiting liability limitation provisions limiting liability limitation provisions limiting the
  • and liability limitations. and liability limitations.
Keywords: 981, all
Summary: The Senate convened with a quorum, approved the February 3, 2026 journal, and received committee reports on several bills, appointments, and resolutions. Finance reported Senate Bills 9 and 39 favorably, with SB 39 recommended for the consent calendar, and the State, Veterans, and Military Affairs Committee reported Senate Bills 27 and 29 postponed indefinitely. The chamber also received and later adopted Senate Joint Resolution 9, recognizing Missing Persons Day, after extensive remarks from Senator Danielson and Senator Cattellin (spelling as transcribed) and recognition of families, law enforcement, CBI staff, and Missing and Murdered Indigenous Relatives office staff in attendance. SJR 9 passed 33-0. The Senate then took up Senate Bill 1 on third reading and final passage, a housing measure authorizing county commissioners to support certain housing and expanding the middle-income housing tax credit to certain transferees. The bill passed 26-7. The chamber also heard a personal privilege recognizing School Nutrition Day and the Colorado School Nutrition Association, highlighting their work providing meals to students and implementing the Healthy School Meals Act. In Committee of the Whole, the Senate began second reading of Senate Bill 32 on immunization access. The bill would expand use of the state immunization schedule alongside ACIP recommendations, allow pharmacists to independently prescribe, dispense, order, and administer vaccines, update liability provisions, authorize rulemaking for infant immunization programs, and remove a prohibition on using state money for those programs if federal funds are unavailable. Senators Mullica and supporters argued the bill protects access to vaccines and insulates Colorado from federal dysfunction, while Senators Bright and Frisell raised budget concerns and supported Amendment L004 to restore the state-funding prohibition. Senator Ba opposed the amendment, saying the bill merely removes a funding restriction and does not mandate spending. The transcript ends during continued debate on Amendment L004, with no final vote on SB 32 shown.
CA
Transcript Highlights:
  • There is a program in place where we share information to offset those liabilities. at the benefit of
  • I think it's critically important. we center them in this conversation because the liability here is
  • One is, public agencies are certainly not aware of 100% of their liability.
  • Are you concerned about future liabilities that are unidentified? Oh, absolutely.
  • While we don't know the full scale of liability statewide, we do know it's substantial and potentially
Keywords: 988, house, all
NH

New Hampshire 2026 Regular Session

House Ways and Means (02/09/2026)

Ways and Means

Transcript Highlights:
  • We we do value this liability before.
  • sharing of that liability. sharing of that liability. followup<00:08:43.279> question.
  • mysterious, unknown, undefined liability mysterious, unknown, undefined liability on<00:32:54.880
  • their tax liability their tax liability um<00:49:14.800> for<00:49:15.119> whatever
  • BPT liability or a bet liability. BPT liability or a bet liability.
Keywords: 1189, house, all
NM

New Mexico 2025 Regular Session

House - Judiciary Mar 20th, 2025

House Judiciary

Transcript Highlights:
  • We are in opposition due to the expansive liability it places on online marketplaces.
  • We use products liability cases to do a number of things, and this is trying to do that.
  • The bill does not impose strict liability, but it puts online sales into the area of products liability
  • And to me, Madam Chair, Senator, that sounds a lot like strict liability. So, yeah, so.
  • just like any other product—products liability.
NM

New Mexico 2025 Regular Session

IC - Investments and Pensions Oversight Nov 5th, 2025

Investments & Pensions Oversight Committee

Transcript Highlights:
  • The main factor keeping COLAs at just about half of 1% is the increasing unfunded liability.
  • increases, and in turn, the high unfunded liability means COLAs for retirees stay at the minimum 0.5%
  • The 2025 actuary report released just last week shows that on its current path, the unfunded liability
  • So, in all likelihood, the predicted growth in unfunded liabilities shown in that report will extend
  • Retiree COLAs just simply should not be tied to unfunded liability.
UT

Utah 2025 Regular Session

Transportation Interim Committee - November 20, 2025

Transportation Interim Committee

Transcript Highlights:
  • That is paid for by liability insurance.
  • And so you’d like to see the liability insurance? The liability insurance to pay for recoveries.
  • And then make liability insurance liable... Yeah, right.
  • And then make liability insurance liable for that liability of that truck that's laying sideways on Interstate
  • They get paid out of the liability insurance.
Keywords: 985, all
CA
Transcript Highlights:
  • At the same time, I do understand the unique liability that the part... ...the unique liability that
  • Is it a liability issue for the park ownership on that?
  • Well, I would argue that the liability issue is real on the part of the park owner.
  • I'll tell you, as a lawyer, one way to guarantee liability is to require inspections.
  • So basically, you kind of read why liability is limited.
Summary: The Assembly Housing and Community Development Committee heard four items, including one consent bill, and began before quorum was established. AB 760, by Assemblymember Ta, would temporarily allow mobile home park-owned homes to be rented to people displaced by a natural disaster in areas under a declared state of emergency, including adjacent jurisdictions. Supporters said it would quickly add housing after fires, floods, or earthquakes; there was no opposition at the hearing, and members generally praised the narrow committee amendments. The bill later passed on a due-pass-as-amended vote. Chair Haney presented AB 1445, which would let cities create downtown recovery districts to finance office-to-housing conversions and other downtown revitalization projects using growth in property tax revenue. Support came from the California Travel Association, Housing Action Coalition, IKEA, Spur, Abundant Housing, and Circulate San Diego, with members saying the bill could help downtowns recover and expand mixed-use housing. The committee voiced support and interest in broader use of the tool, and the bill was approved on a due-pass-as-amended vote. AB 456, by Assemblymember Connolly, drew the most extensive debate. The bill would prohibit mobile home park managers from requiring interior repairs or improvements as a condition of sale and would require timely written lists of exterior repairs, with supporters arguing that park managers are interfering with sales and delaying closings. Opponents, led by the Western Manufactured Housing Communities Association, argued that interior inspections are needed to protect buyers and park residents from unsafe conditions and potential liability. Members raised questions about safety, disclosure, HCD oversight, and liability; after discussion, the bill was moved on a due-pass-as-amended vote, with some members not voting or expressing reservations. The committee also approved the consent calendar.
LA

Louisiana 2026 Regular Session

Judiciary A May 12th, 2026

Judiciary A

Transcript Highlights:
  • What are we extending liability immunity for in these instances?
  • And that's not limiting liability in a fashion? No, it's not.
  • At the end of the day, they have this liability protection.
  • You don't give liability immunity to average citizens.
  • So the administrative costs and the unfunded accrued liability are paid.
Summary: The committee first approved the May 5 minutes and then heard House Bill 578, which would define sex in Louisiana law as biological sex, replace references to gender with sex in various statutes and forms, and direct the Law Institute to make conforming changes. Supporters from the governor’s office said the bill would bring clarity and consistency, while opponents argued it could create conflicts with existing law and weaken protections tied to gender identity. After debate, the committee reported HB 578 favorably. Members then considered House Bill 1250, a measure aimed at aerospace-related litigation. The bill would allow a special motion to strike certain claims against aerospace flight entities when the claims are preempted by federal law. Senators raised concerns that the language was broad enough to affect airports, airlines, contractors, and even unrelated incidents, and the author said he was willing to work on narrowing amendments. The committee nevertheless reported HB 1250 favorably. House Bill 718, dealing with liability protections for private airstrips used for recreation, was amended to narrow its scope and then reported favorably, while House Bill 163, a narrower related airstrip bill, was voluntarily deferred so the committee could work from the other measure. The committee also approved House Concurrent Resolution 61, which asks the Louisiana Law Institute to review possible conflicts between the constitution and statutes on expropriation. House Bill 180, defining foreign adversaries and agents of foreign adversaries for a proposed constitutional amendment, and House Bill 192, a constitutional amendment barring foreign adversaries from expropriating land in Louisiana, were both reported favorably. House Bill 1008, which sets out academic freedom and whistleblower protections for higher education, was rejected on a roll-call vote after concerns about its scope and limits on university discipline. House Bill 638, a prompt-payment bill for contractors, was set aside while amendments were being located. Finally, the committee took up House Bill 71, which would extend existing liability protections for justified use of force to properly trained armed security guards. The author and the Board of Private Security Examiners said security officers receive training and often face dangerous situations, but opponents argued the bill would give too much protection to personnel with far less training than law enforcement and could shield bad shootings. After debate, the committee voted to defer HB 71. The last measure discussed was House Bill 1082, which would change venue rules for lawsuits involving the Municipal Police Employees’ Retirement System so actions by the system would be filed where the employer is located; the author said the bill was meant to help small municipalities, and members indicated they were open to narrowing amendments.
CA
Transcript Highlights:
  • There's still a lot of unanswered questions, particularly the issue of liability, right?
  • I'm happy to address those issues with respect to wildfire liability.
  • Not necessarily, as long as the liability issue is taken care of. Liability is a huge issue.
  • And the wildfire fund— As long as the liability issue is taken care of. Liability is a huge issue.
  • Now, last thing about the public financing and liability.
Summary: The Assembly Committee on Utilities and Energy heard two bills focused on electricity affordability and utility costs. AB 745, by Assembly Member Irwin, would restructure the California Climate Credit by shifting it from lump-sum payments to direct reductions in volumetric electricity rates and moving the credit to the summer months when bills are highest. The author and UC Santa Barbara economist Dr. Kyle Meng argued this could significantly lower summer rates and better help households during extreme heat. Supporters, including UCS, NRDC, and some labor representatives, favored the concept, with some urging that the gas climate credit also be redirected. No opposition testimony was presented, and the bill passed 18-0 to the floor. The committee then considered AB 825, also presented as an affordability package aimed at reducing electric bills by addressing wildfire mitigation costs, transmission financing, permitting delays, and a review of ratepayer-funded programs. The bill would authorize securitization for undergrounding expenses, remove the first $15 billion in undergrounding capital investments from the rate base for return purposes, create a public transmission financing program using Proposition 4 funds and IBank support, revive the California Power Authority as a public sponsor, and establish a task force to review energy efficiency and demand response programs. The author and witness Matt Friedman of The Utility Reform Network said the bill could save ratepayers billions over time through lower-cost public financing and securitization. Testimony on AB 825 was mixed. Support came from several consumer and clean-energy groups, while utilities and labor raised concerns about the bill’s impact on utility financial stability, wildfire fund participation, liability, and whether the $15 billion securitization cap could discourage undergrounding. Some witnesses also objected to the task force’s potential effect on energy efficiency and demand response programs. Committee members discussed the need to balance affordability with utility creditworthiness and wildfire safety, and several asked for more analysis of market impacts and liability issues. Despite those concerns, AB 825 passed the committee 13-0 and was sent to the floor.
AL

Alabama 2025 Regular Session

Alabama House Fiscal Responsibility Committee Feb 19th, 2025

Fiscal Responsibility

Transcript Highlights:
  • Liability as it is at this minimum area, and that's it. I also worry about that.
  • I'm trying to wrap my mind around the unfunded liability.
  • Percentage of unfunded liability that's going to put us at...
  • This is going to be a hit somehow to the unfunded liability.
  • The funding liability represented...
Bills: SB45, SB73, SB169, HB243, SB177
CA

California 2025-2026 Regular Session

Assembly Judiciary Committee Apr 28th, 2026

Judiciary

Transcript Highlights:
  • This will increase costs of liability insurance.
  • So we'd like to address the civil liability piece. We want to fix the notice piece going forward.
  • . liability on the board members if this happens.
  • This will increase costs of liability insurance.
  • So we'd like to address the civil liability piece. may be totally out of their control.
Keywords: 988, house, all
Summary: The committee heard a long agenda, much of it focused on homeowners association (HOA) issues. AB 2584, relating to civil immunity for lawful self-defense, was presented only and left for further work after the chair and others said California already has strong self-defense laws and more discussion was needed. AB 1684, which would bar HOAs from restricting homeowners’ ability to install or use compliant cooling systems, drew support from the author and housing advocates, with opposition from CAI seeking more association discretion; members emphasized heat as a health and safety issue and the bill was moved forward. AB 1892, a technical cleanup bill on HOA utility repairs, election notices, and electronic ballot timing, passed unanimously. AB 2050, requiring a formula for HOA reserve funding, also passed with broad support as a consumer protection measure to reduce surprise special assessments and address aging condominium stock. AB 2106, extending certificate-of-merit protections for design professionals and landscape architects, passed with support from professional associations and no opposition. AB 2145, directing HCD to study senior downsizing barriers, moved forward after mortgage and banking groups shifted from opposition to neutral. AB 2238, aimed at deterring meritless mobile home park litigation by shifting fees and penalties to attorneys, passed after amendments, though legal aid groups remained opposed. AB 2439, prompted by two authors’ personal HOA payment problems, would require stronger notice when payment processors change and address liens/fees; it passed despite concerns about return-receipt mail and personal liability for board members. AB 2579, responding to the $100 HOA fine cap enacted last year, would create a Department of Real Estate process to define serious health and safety violations and passed with support from HOA industry groups. The committee also took up SCR 89, a resolution reaffirming California’s commitment to diversity, equity, and inclusion in response to federal rollbacks; it received support from student, civil rights, labor, and legal groups and was advanced without opposition.
FL

Florida 2025 Regular Session

March 25, 2025 - 09:00 AM

Transcript Highlights:
  • House Bill 1183, cybersecurity incident liability, by Representative G. Lombardo. Rep. G.
  • House Bill 1183, cybersecurity against the liability. I'll just go straight to the strike-all.
  • So the bill provides liability protection to cybersecurity incidents for local government and private
  • The bill provides liability protection in connection with cyber incidents for counties, municipalities
  • So it seems that we are providing liability protection in return for just complying with the law.
Summary: The committee first took up House Bill 1183, by Rep. G. Lombardo, as amended by a strike-all. The bill would provide liability protection for local governments and private-sector entities that substantially comply with certain cybersecurity practices, including multi-factor authentication, disaster recovery plans, and related policies and procedures. Rep. Lombardo said the measure is intended to create incentives for better cybersecurity and to limit class-action exposure after incidents, while still allowing suits where negligence can be shown. Supporters included TechNet, the Florida Justice Reform Institute, the Florida League of Cities, Associated Industries of Florida, the Florida Association of Counties, and Dr. Edward Long of the James Madison Institute; Vice Chair Steele, Rep. Blanco, and Rep. McFarland also spoke in favor. Ranking Member Bracy Davis opposed the bill, saying she was not comfortable granting liability protections to entities that may have contributed to breaches and questioning whether substantial compliance would be self-attested. The amendment was adopted, and the bill was reported favorably by a 14-2 vote. After the vote, the committee shifted into an extended discussion about Florida’s state IT governance structure, procurement, and project management. Members criticized the current federated model as fragmented and lacking clear accountability, with repeated references to long-running problems such as cost overruns, weak vendor oversight, workforce shortages, and the troubled I-Connect system. Several members argued that the state needs a single accountable leader or stronger enterprise authority over agency technology decisions. Ranking Member Bracy Davis raised concerns about the impact of broken systems on vulnerable populations and asked about the role of advisory councils. Rep. G. Lombardo, Vice Chair Steele, Rep. Miller, and Rep. Groh all emphasized the need for centralized leadership, better alignment of authority and budget, and more disciplined procurement and integration practices. A public witness, Victoria Zep of Team 180, testified in support of a more enterprise-wide approach and said the private sector also wants more organization and transparency. She criticized short procurement timelines, limited competition, and poorly written scopes, and urged the state to post procurements more openly and seek broader vendor input. She also discussed the need to respect agency-specific federal requirements while still improving statewide coordination. The chair closed by asking members to bring forward ideas for immediate and long-term reforms, including review of Senate Bill 7026, and the meeting adjourned without further business.