Video & Transcript : 'vehicle value' :
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MA
Massachusetts 2025-2026 Regular Session
Senate Session (Full Formal with Calendar) Feb 12th, 2026
Massachusetts Senate Floor Meeting
Transcript Highlights:
- It perpetuates inequality, destabilizes neighborhoods, and undermines the values we claim to hold dear
- And I think that, you know, those two, three things speak to the values that we have, not just as a Senate
- President, when we understand the significance and the severity of this situation, and we have a vehicle
- conversation and goals, I understand that in order to change the jurisdiction of 151B, it needs to be in a vehicle
- conversation and goals, I understand that in order to change the jurisdiction of 151B, it needs to be in a vehicle
Summary:
The Senate began with recognitions, welcoming four young women from Quincy and Lawrence who were at the State House advocating on climate issues. The chamber then adopted an adjournment in memory of Nancy Driscoll of Attleboro, with remarks honoring her long public service at the State House and her family’s legacy of service.
The main business was Senate No. 2947, an act regarding fair housing practices in the Commonwealth. Senators Gomez and Payano spoke in strong support, describing housing discrimination against voucher holders and people of color, and explaining that the bill would expand enforcement authority, increase penalties for repeat violations, require annual complaint summaries, and mandate fair housing training for real estate licensees. Senator Lovely also supported the bill, citing her experience in real estate and the need for stronger fair housing education and enforcement.
Several amendments were considered. Senator Tarr’s amendment to add HUD-related certification, notice, and corrective-action requirements for municipalities and public agencies was debated but defeated on a roll call vote, 6-30. Senator Kennedy’s gender-neutral wording amendment was adopted, as was Senator Payano’s amendment requiring publication of suspended as well as revoked licenses. Senator Keenan’s amendment to anonymize complaint summaries was also adopted. Senator Edwards withdrew an amendment on housing access for returning citizens, and other amendments were withdrawn. The Ways and Means amendment, as amended, was adopted, and the bill was ordered to a third reading and then passed to be engrossed by a unanimous roll call vote of 38-0. The Senate then adjourned to meet again the following Tuesday, also noting John Arizian and Nancy Driscoll in memory.
NH
New Hampshire 2025 Regular Session
House Ways and Means (01/21/2025)
Transcript Highlights:
- and I will note that motor vehicles and I will note that motor<01:26:16.280><c> vehicle</c><01:26:16.600
- rentals are only motor motor vehicle rentals are only motor vehicle<01:26:18.080><c> rentals</c><01:
- The DRA sets the values as of December 1st, and that's based on the value from the previous April 1st
- the Dr sets $660 per thousand of value the Dr sets the<02:14:52.719><c> values</c><02:14:53.599><c>
- </c> we do the math between the total value we do the math between the total value in<02:19:51.040><c
Summary:
The committee received an overview from Chris of the Legislative Budget Assistance Office on how it will estimate unrestricted revenues for the General Fund, Education Trust Fund, Highway Fund, and Fish and Game Fund. He explained that the committee’s work is based on current law, not pending bills, and that the estimates will feed into a House resolution and an amendment to House Bill 1, the operating budget. He also described the broader budget process, including how House and Senate estimates are reconciled, how surplus statements account for revenue changes from enacted bills, and how a committee of conference could resolve differences later in the session. No votes were taken.
Members then asked about why the Education Trust Fund was running below plan. Chris said the shortfall appeared to be driven largely by business taxes, including differences in the BET/BPT split and improved tax-processing systems that better track where business tax payments belong. Representative Orr also asked about tobacco tax collections and out-of-state sales; Chris said tobacco revenue was likely overestimated in 2023 based on COVID-era patterns, with more people smoking at home, and noted that e-cigarette tax revenue goes to the General Fund while cigarette taxes are split between the General Fund and Education Trust Fund. He said he did not have a specific estimate for cross-border sales.
Commissioner Lindsay St. Pierre of the Department of Revenue then began a deeper dive into the department’s role and the taxes it administers. She reviewed the department’s mission, organizational structure, taxpayer services, and the tax policy and legislative analysis staff who prepare fiscal notes and testify on bills. She noted that the department administers about $2.9 billion in revenue across major taxes such as business taxes, meals and rooms, and utility property tax, and that the figures being discussed were preliminary because the annual report had not yet been issued. The discussion was informational only, with no formal action taken.
AR
Transcript Highlights:
- This is for services valued at $2.69 million, and this is for a contract with Motorola Solutions for
- This ratification is valued at $93,288. This ratification is valued at $93,288.
- This is valued at $78,132. The contract was set in place but was not reviewed as required by law.
- This is valued at $78,132. The contract was set in place but was not reviewed as required by law.
- vehicle crash repository database.
Summary:
The committee met to review a supplemental agenda, procurement rule revisions, methods of finance, discretionary grants, contracts, and a member disclosure. The Office of State Procurement presented rule changes tied to 2025 legislative changes, including Act 782, with updates to sole-source definitions, unrealistic bids, protest requirements, debarment procedures, and recodification references; the committee voted to accept the supplemental agenda and approve the rules. Members also approved eight methods of finance covering university repairs, equipment replacement, property purchase, and capital projects, along with a large slate of discretionary grants for courts, health, DHS, historic preservation, and tobacco prevention programs.
The committee then reviewed RFQs and six ratifications. The ratifications included a Workforce Connections payment to ACT WorkKeys, Department of Health costs from an ice-storm-related water leak, a large Department of Public Safety ratification for Motorola’s Arkansas Wireless Information Network upgrade, Veterans Affairs HVAC and medical-service payments, and a UA Little Rock painting contract. The Department of Public Safety ratification drew extended questioning about why the expired Motorola contract had not been renewed sooner and why the issue took months to reach the committee; agency officials said the project was bond-funded, had not been tracked in ASIS, and involved ongoing negotiations and system updates. Despite concerns, the committee approved the ratifications.
Members also reviewed a long list of construction, intergovernmental, out-of-state, and in-state contracts, including numerous university, DHS, health, corrections, and state agency agreements. Several contracts were discussed in more detail, including an SAU custodial contract question about sales tax and transparency reporting, and Department of Corrections aerial application contracts for Tucker and Cummins farms, which officials said served separate facilities in different parts of the state. The committee approved the contract lists, reviewed reports, and accepted a disclosure from Representative Andrew Collins regarding his investment interest in a company leasing property to Arkansas Rehabilitation Services before adjourning.
WA
Washington 2025-2026 Regular Session
Senate Law & Justice Jan 20th, 2026
Transcript Highlights:
- It's greater than robberies, burglary, larceny, and motor vehicle theft combined.
- related to vehicles involved in a felony.
- For commercial vehicle enforcement, data must be deleted four hours after collection.
- Three days or three hours provides no investigative value and masquerades as privacy.
- Vehicle has been associated with an ongoing investigation and comes from databases.
Summary:
The committee heard public testimony on four bills. SB 5925 would expand the Attorney General’s civil investigative demand authority to investigate possible violations of the U.S. and Washington constitutions, certain labor and civil rights laws, law enforcement use-of-force issues, and jail-related statutes. Supporters, including the Attorney General’s office, Teamsters 117, and Working Washington, said the bill would make investigations faster and more effective, especially in wage theft and discrimination cases. Opponents, including police, sheriffs, cities, counties, and retail and business groups, argued it would give the AG broad investigative power without enough threshold showing, could burden local governments and employers, and raised constitutional concerns about speech and search protections. No vote was taken.
SB 5906 would codify and expand protections for non-public spaces in schools, child care facilities, health care facilities, higher education institutions, and county auditor election areas by limiting immigration enforcement access without a judicial warrant or court order and restricting collection of immigration-related information about students and families. Supporters said the bill would reduce fear, protect privacy, and make existing Keep Washington Working policies clearer and more durable, with testimony from immigrant rights groups, faith organizations, students, PTA, and health advocates. Some organizations, including health care and child care stakeholders, supported the goal but asked for amendments to clarify definitions, create model policies, add training and enforcement provisions, and adjust warrant/subpoena language. The committee also heard strong opposition concerns about federal immigration enforcement, but no action was taken.
SB 6070 would expand missing-person tools by allowing certain digital investigative tools to be used in missing endangered person cases, creating new Abney and Purple Alerts for missing Black people and people with disabilities, and broadening the definition of missing endangered person. Supporters included prosecutors, law enforcement, tribal and disability advocates, families of missing persons, and students who argued that faster alerts and better digital tools save lives and address racial and disability disparities in missing-person responses. Testimony described delays in prior cases and the need for more urgent, targeted alerts. The committee then heard SB 6002, which would regulate automated license plate reader systems, set registration, use, retention, audit, and disclosure rules, and prohibit certain uses such as immigration enforcement and surveillance near protected locations. The sponsor said the bill is intended to create statewide guardrails for a technology already in use, and testimony was expected to continue after the excerpt ended; no vote or final action was recorded in the portion provided.
NV
Nevada 2025 Regular Session
Assembly Committee on Ways and Means May 31st, 2025 at 09:00 am
Ways and Means
Transcript Highlights:
- Severs let me know that in past elections the Department of Motor Vehicles has tried to have some extended
- We know that in past elections, the Department of Motor Vehicles has tried to have some extended hours
- And I think it's well worth the ability to become a valued and important asset for the state.
- We greatly value that relationship, and nonprofits also need help with their clean energy programs and
- They've bought over 50 vehicles, buses, vans, etc.
Bills:
AB568, SB90, SB133, SB147, SB229, SB233, SB240, SB245, SB280, SB378, SB393, SB417, SB434, SB494, SB495, AB62, SB104, SB119, SB132, SB193, SB262, SB422, SB431, SB435, SB468, SB503
Keywords:
higher education, Nevada System of Higher Education, operational expenses, instructional expenses, public funding, education funding, teacher grants, classroom supplies, instructional support, specialized personnel, civics education, Nevada Center for Civic Engagement, funding, youth programs, civic involvement, Southern Nevada, Clark County, Las Vegas Valley, regional planning, economic resiliency
CA
California 2025-2026 Regular Session
Assembly Budget Subcommittee No. 5 on State Administration May 20th, 2025
Transcript Highlights:
- Housing Development and Finance Committee will give California the tools it needs to increase the value
- The second reappropriation is for the zero emission vehicle operations.
- All right, let's go ahead and begin with issue number six, the vehicle license fee backfill.
- value.
- They're routinely audited. and represent our most compliant used vehicle dealers.
OK
Oklahoma 2026 Regular Session
Senate Legislative Session Mar 5th, 2026
Oklahoma Senate Floor Meeting
Transcript Highlights:
- Guide our thoughts and intentions to reflect Your timeless values.
- This is purely a vehicle that we have in place in case the FAA does any rulings related to drones, then
- Also on the fiscal impact statement, it says that the assessed value is estimated to decrease by $187.9
- million by this change from 22.85% to 15% of fair cash value.
- about $2.4... ...the assessed value of this property is probably about $2.4 billion.
Bills:
SB2102, SB1940, SB1625, SB1442, SB1623, SB1242, SB1949, SB1592, SB1913, SB592, SB992, SB1241, SB259, SB1928, SB1426, SB1531, SB1561, SB1122
Keywords:
credit card fees, merchant discounts, payment card network, interchange fees, transparency in fees, Oklahoma law, payment card, rebate, merchant, tax compliance, health insurance, mandate, impact analysis, insurance department, public health, access to healthcare, SB1442, alcoholic beverage control, ABLE Commission, liquor license fees
Summary:
The Senate convened with prayer, roll call, and several floor and gallery introductions recognizing the Doctor of the Day, Nurse of the Day, Mid-America Christian University, the Oklahoma Truckers Association, Leadership Wagoner County, the Broken Arrow Chamber, and an intern. The chamber then took up several bills in general order. Senate Bill 1426, requested by the Department of Human Services, would limit referrals to district attorneys to substantiated findings of abuse of vulnerable adults; it passed unanimously, 44-0.
Senate Bill 1531 was presented as a placeholder vehicle for possible future FAA action on drones and unmanned aircraft, with questions focused on why the bill was being kept open and what language might later be added. It passed 33-12. Senate Bill 1561 would allow EMTs to be subject to progressive discipline for drug or other violations instead of automatic license revocation; it passed 46-0.
The most extensive debate centered on Senate Bill 1122, which lowers the ad valorem assessment rate for broadband providers from 22.85% to 15% and was described by supporters as a way to create parity, encourage broadband expansion, and keep providers investing in rural Oklahoma. Opponents argued it would give a tax break to large legacy broadband companies, reduce county revenue by an estimated $20 million, and do little for homeowners, farmers, or other taxpayers facing property tax pressure. After extended questioning and debate, the bill passed 28-19. The Senate also laid over SB 1555, heard announcements, and adjourned until Monday, March 9 at 1:30 p.m.
TX
Texas 89th Regular
S/C on Defense & Veterans' Affairs Apr 7th, 2025
S/C on Defense & Veterans' Affairs
Transcript Highlights:
- Going back to March of 2021, I registered my vehicle with TxDOT, then with the Central Texas Regional
- One vehicle without the payment of any fee.
- The parameters are that a veteran of the United States Armed Forces is entitled to register motor vehicles
- They also bring down the property value of existing owners, and the cities really take a hit on their
- These would then be able to be sold to the corporation below market value or for the total amount of
Keywords:
Veterans of Foreign Wars, veterans, commemoration, military service, recognition, September 29, waiver programs, toll roads, discount programs, transportation, affordable housing, land bank program, low-income households, Texas State Affordable Housing Corporation, HB 2061, Texas Transportation Code, Chapter 225, State Highway 242, Interstate Highway 69, Montgomery County
KY
Kentucky 2026 Regular Session
Public Pension Oversight Board (1-16-26)
Transcript Highlights:
- For there to be some additional value to these days.
- Again, those are vehicles that are used that have tax on the back end for sure.
- Again, those are vehicles that are used that have tax on the back end for sure.
- Again, those are<00:31:53.840><c> vehicles</c><00:31:54.240><c> that</c><00:31:54.399><c> are</c><00:
- that are used that have tax are vehicles that are used that have tax on<00:31:55.600><c> the</c><00:
Keywords:
Meeting Start: 00:00
Attendance Roll Call: 00:11
Legislative Proposal:
Representative Blanton: 01:12
• House Bill 220
Approval of Minutes: 10:07
Legislative Proposal:
Senator Nunn: 10:24
• Sick Leave Flexibility for School District Employees
Adjournment: 34:35, 958, all
Summary:
The committee first took up Representative John Blanton’s bill on pension spiking and Kentucky Public Pension Authority administration. Blanton said the measure would make a prior court-related pension-spiking fix retroactive to July 1, 2022, so employees who retired between that date and the court ruling would be treated the same as those covered by the earlier legislation. KPPPA staff said they did not think the bill would go beyond the Court of Appeals ruling, but noted it could prompt requests from people who retired before July 1, 2022. Members asked about how many retirees might be affected, whether the language was narrow enough, and whether the bill could open the door to additional claims; Blanton estimated roughly 1,000 retirees would need review, with fewer actually impacted. No vote was taken on the bill in the excerpt.
The committee then heard Senator Matt Nunn and Scott County Schools Superintendent Billy Parker present a proposal allowing school districts to offer teachers and other employees a voluntary payout for unused sick days. Supporters said the idea could improve attendance, reduce substitute costs and classroom disruptions, help retain younger teachers, and potentially lower long-term retirement-related costs because the payout would not count toward pension compensation. They emphasized the program would be optional for districts and employees, would require teachers to keep at least 15 sick days in reserve, and would be district-funded rather than a state cost. Members raised questions about budget impact, tax treatment, pension effects, and whether the incentive would actually change behavior; the bill sponsor and witnesses said the payout would be taxed like other compensation and would not affect TRS or CERS benefits. One member requested reporting on how the program would be used, and the sponsor said he would be open to adding that. The sponsor also noted a later committee-substitute change would allow use of accumulated sick leave for observance of religious holidays not otherwise on the school calendar, with a personal statement from the employee.
TX
Texas 89th Regular
Senate of the 89th Legislature Apr 10th, 2025 at 10:00 am
Transcript Highlights:
- Why is there no... value threshold in your bill? It should be any value, right?
- So all they have to do is give the thing of value back.
- So it's... it's the... it's the writ power that would be the vehicle.
- This is the Department of Motor Vehicles cleanup bill.
- Allows better enforcement of vehicle inspection requirements.
Keywords:
legislation, Senate Joint Resolution 40, Senate Bill 871, constitutional amendment, emergency powers, governor authority, legislative oversight
Summary:
The meeting focused on several crucial pieces of legislation, notably Senate Joint Resolution 40, which proposed a constitutional amendment to clarify the powers of the governor, the legislature, and the Supreme Court during emergencies. Senator Birdwell presented the resolution, emphasizing the need for legislative involvement during prolonged crises. It garnered broad support, passing with 29 votes in favor and only 1 against. Following this, Senate Bill 871, considered the enabling legislation, was also moved for discussion, with the aim of reinforcing the legislature's authority during emergencies while establishing clear guidelines for the governor's powers.
WY
Wyoming 2026 Regular Session
Senate Floor Session-Day 20, March 5, 2026-PM
Wyoming Senate Floor Meeting
Transcript Highlights:
- for an electric comparable vehicle for an electric vehicle<01:04:56.960><c> is</c><01:04:57.280><c>
- </c> hybrid vehicle, making that comparable. hybrid vehicle, making that comparable.
- </c> about 50% more on an outofstate vehicle. about 50% more on an outofstate vehicle.
- . vehicle. vehicle.
- Well, it's on division two. it actually gives people a vehicle to it actually gives people a vehicle
MN
Minnesota 2025-2026 Regular Session
Committee on Housing and Homelessness Prevention - 04/09/26
Housing and Homelessness Prevention
Transcript Highlights:
- And I'll just note that commercial real estate properties do not appreciate in value based on necessarily
- <00:04:00.080><c> not</c><00:04:00.240><c> appreciate</c><00:04:00.720><c> in</c><00:04:00.760><c> value
- </c> properties do not appreciate in value properties do not appreciate in value based<00:04:01.840><
- </c><00:08:37.240><c> This</c> like vehicles, as I mentioned. This like vehicles, as I mentioned.
- The impact to value of $24.2 million.
HI
Transcript Highlights:
- as well that they also the vehicle as well that they also the parents<00:22:00.240><c> can</c><00:22
- We really value the opportunity to bring legal discussions like this to the broader communities that
- We really value the opportunity to bring legal discussions like this to the broader communities that
- He said the proposed language says a person knowingly receives money or things of value from a third
- Nakamatsu. value value um<00:43:28.240><c> I</c><00:43:28.880><c> understand</c><00:43:29.440><c> what
Summary:
The Judiciary Committee heard testimony on several bills. SB 335 would route objections by political party officers to candidate nomination papers through the Office of Elections. The State Election Director testified that his office was not the right venue for party-membership challenges because it could create conflicts and force the Attorney General to represent the chief election officer in court; members discussed whether all objections should instead go directly to Circuit Court, but no action was taken.
SB 280 would expand first-degree negligent injury to cover injuries negligently caused by intoxicated drivers. The Public Defender opposed the bill as too harsh and urged either a lower penalty or clearer statutory definitions of “under the influence,” while the Prosecuting Attorney supported it as a needed increase in accountability for drunk drivers who actually injure someone. Committee members raised concerns about overlap with existing offenses, proportionality, and whether the change would increase jury-trial volume; the prosecutor responded that the bill would apply to a smaller subset of cases involving actual injury and would help ensure more serious treatment of those cases.
The committee also heard SB 292, establishing Safe Harbor protections for survivors of sexual exploitation who seek medical or law enforcement assistance, with testimony in support from the Office of Hawaiian Affairs, HPD, U Alliance, and others, and no opposition. SB 31, concerning an additional penalty for dog owners whose dogs destroy property on agricultural land, drew only supportive testimony. SB 356 would require restitution in the form of financial support to the minor children of victims killed or disabled by an intoxicated driver; the Public Defender opposed it as better suited to civil court and questioned enforcement after probation, while the Prosecuting Attorney supported it and said courts can issue enforceable restitution orders. Testimony also strongly supported SB 1284, a proposed constitutional amendment prohibiting discrimination based on ethnicity, age, disability, ancestry, sex, sexual orientation, gender identity, pregnancy, and pregnancy outcomes, with supporters arguing it would strengthen protections in response to current political conditions. No votes or final committee actions were taken in the excerpt.
FL
Florida 2026 4th Special Session
February 10, 2026 - 09:00 AM
Transcript Highlights:
- They will say the value of the collision cost $5,000, but if there was frame damage, it could be as high
- Senator Martin: I haven't considered that other than one vehicle makes contact with another object after
- You could have definitions that include inoperable vehicle was at the scene, whether it was the vehicle
- that ran the red light or the other vehicle had to get towed away and was not able to drive on its own
- Amy Keith: The core values of democracy and wish all people to be heard in our political process.
CA
Transcript Highlights:
- SB 1266 serves to inflate value well beyond the actual value of the stolen property for purposes of filing
- Restitution is not limited to the value of the stolen copper.
- Restitution is not limited to the value of the stolen copper.
- SB 1266 serves to inflate value well beyond the actual value of the stolen property for purposes of filing
- The threshold value for felony vandalism filing is only $400 versus $950.
CA
California 2025-2026 Regular Session
Assembly Water, Parks, and Wildlife Committee Apr 14th, 2026
Transcript Highlights:
- So when you go into a park, you're not asked to show your certificate to ride your vehicle.
- So to answer your question, sure, there's going to... ...maximize the value of the water.
- And I like the analysis saying we want to put the water to its best value as it moves.
- And at the same time, it's not so restrictive that we don't get the good value out of recharge.
- More broadly, monarchs are deeply valued, and research from the U.S.
Summary:
The committee heard several water, wildlife, and land-use bills. AB 2218 by Assembly Member Calóra would establish a state policy directing agencies to recognize and address water-related inequities affecting tribes; tribal supporters said it is a needed step toward restoring a voice at the table, while water agencies and local government groups opposed it as vague and potentially harmful to water supply reliability. The bill was amended in committee and moved forward on a vote, though it was left on call. AB 2032 by Assembly Member Ransom, the Golden Mussel Response Act, would speed agency response to the invasive golden mussel by streamlining permits and research; it drew broad support and no opposition, and passed the committee unanimously to Environmental Safety and Toxic Materials. AB 1712 by Assembly Member Pacheco would let Santa Fe Springs sell its small, contaminated water system through a protest process instead of a municipal election; supporters said it would avoid major rate hikes and improve reliability, and it was moved to Appropriations, though the vote was left on call.
The committee also considered AB 1722 by Assembly Member Hadwick, which would create a clearer self-defense exception under the California Endangered Species Act for people facing dangerous predators. The author and a sheriff described a fatal mountain lion attack and argued rural residents need certainty; Defenders of Wildlife withdrew opposition after committee amendments, and the bill advanced to Judiciary on a vote that was left on call. AB 1613 by Assembly Member Wilson would require an off-highway vehicle safety and stewardship certification course before operating OHVs on public lands starting in 2029. Supporters said it would reduce accidents and educate new riders, while Vice Chair Gonzalez raised concerns about fees, penalties, tourism, and impacts on low-income residents in his district; the bill passed on a split vote and was left on call.
Later, AB 1808 by Assembly Member Carrillo would expand local permitting authority for Western Joshua tree projects and reduce or waive some fees for homeowners and public works. Supporters framed it as a way to balance conservation with housing and infrastructure needs, while environmental groups opposed changes they said would weaken avoidance and mitigation protections; the bill passed to Natural Resources and was left on call. AB 1894 by Assembly Member Rubio would address imported water deliveries and groundwater recharge in the context of golden mussel restrictions, with supporters arguing for a statewide, science-based approach that preserves water reliability; it advanced to Appropriations with no opposition. Throughout the hearing, members repeatedly emphasized the need to balance competing interests, especially around water reliability, tribal equity, public safety, and environmental protection.
WY
Wyoming 2026 Regular Session
Senate Floor Session-Day 2, February 10, 2026-AM
Wyoming Senate Floor Meeting
Transcript Highlights:
- What are our values on those lands?
- state is laid out about value and monetary value on those state trust lands.
- What that does, it doesn't teach the student, you know, the value of competition, the value of overcoming
- know, the value of uh competition,<01:10:07.360><c> the</c><01:10:07.520><c> value</c><01:10:07.760><
- c> of</c><01:10:07.920><c> overcoming</c> competition, the value of overcoming competition, the value
NH
New Hampshire 2025 Regular Session
House Ways and Means (04/01/2025)
Transcript Highlights:
- RSA 68 gives a list of approved vehicles that investment vehicles that can be used, especially for the
- </c> RSA68 gives a list of approved vehicles RSA68 gives a list of approved vehicles that<00:32:49.360
- 00:32:50.399><c> be</c> that investment vehicles that can be that investment vehicles that can be used
- </c> folks who fall under the assessed value folks who fall under the assessed value in<01:26:14.159>
- </c> included in some of the assessed value included in some of the assessed value for<01:27:03.360><
Summary:
The committee held a work session on HB 302, which would add precious metals and digital assets as potential investment options. State Treasurer Monica Misipelli said she took no position on the bill and did not see an immediate fiscal impact or operational problem, but explained that the state’s operating funds and rainy day fund require liquidity and stability, so they would not be suitable for volatile assets like precious metals or digital assets. She said the only funds that might potentially use such investments would be certain trust funds held in perpetuity, which are managed by an outside investment advisor under a contract and investment policy.
Members asked about the treasurer’s current investment practices, including the types of funds managed, the role and discretion of the investment advisor, the state’s risk profile, and whether the bill would affect existing authority. Misipelli said the office follows RSA 11 and related statutes, with different objectives ranging from conservative to aggressive depending on the fund, and that the advisor meets with the office regularly, with formal performance reviews on a quarterly basis. She also said the office recently centralized management of about 40 trust accounts totaling roughly $60 million into five combined portfolios under a five-year contract with an RFP-selected vendor. When asked whether precious metals or digital assets are already indirectly available through mutual funds, she said that was possible for some mutual funds, but she was not certain about digital assets.
Representative Ammon, the bill’s sponsor, said similar legislation had passed the Oklahoma House, the Texas House and Senate, and had advanced in Arizona. He argued the bill was intended to give the treasurer more tools to help balance portfolios and hedge inflation, noting concerns about federal debt and inflation. No vote was taken in the excerpt, and the chair ended the questioning after thanking the treasurer and asking her to remain available in case further questions arose.
MN
Transcript Highlights:
- </c> breath uh before the vehicle will start. breath uh before the vehicle will start.
- . vehicle. vehicle. uh<00:16:00.800><c> for</c> uh for uh for the<00:16:03.320><c> uh</c> the uh the
- than just the vehicle that want rather than just the vehicle that was<00:20:52.400><c> proposed</c><
- </c> program participant may have a vehicle program participant may have a vehicle who's<00:25:41.760
- </c> uh analysis done and that it has value uh analysis done and that it has value to<02:58:38.319><c
US
US Federal 2025-2026 Regular Session
US House Floor Proceedings (Wednesday, September 3, 2025)
US Federal House Floor Meeting
Transcript Highlights:
- </c><00:17:59.840><c> he</c> are a testament to the values he are a testament to the values he embodied
- </c> valued hard work and service. valued hard work and service.
- </c> the weakest vehicle the weakest vehicle that<05:07:28.320><c> this</c><05:07:28.480><c> House</c
- </c> resource value of 26 billion. resource value of 26 billion.
- </c><05:57:58.480><c> for</c> is not the proper vehicle for is not the proper vehicle for registering