Video & Transcript Research : 'utility'

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NM

New Mexico 2025 Regular Session

House - Taxation and Revenue Mar 21st, 2025

House Taxation & Revenue

Transcript Highlights:
  • respective representatives that are meaningful to those communities and I would, I would hate to uti utilize
  • that, that was the vehicle to move forward again, that was in, in our estimation, good tax policy utilizing
  • point, I'm in a minority with, with my counterpart here, that it is our intent to want to look at utilizing
  • It is utilizing that, that, that 28th. 100% to pay for this initiative from oil and gas.
  • talking about here today and so it seems like then if that's the case and that's the pathway forward, utilizing
KY
Transcript Highlights:
  • So House Bill 188 addresses companies who would utilize driveaway plates.
  • That is a regulation that allows the cabinet to utilize available technologies to examine certificates
  • allows the 50 that is a regulation that allows the cabinet<00:12:09.920> to<00:12:10.040> utilize
  • <00:12:10.720> available cabinet to utilize available cabinet to utilize available Technologies
Summary: The House Transportation Committee met with a quorum, approved the previous meeting’s minutes, and heard two House bills plus several Transportation Cabinet regulations. House Bill 20, sponsored by Rep. Hodson, would restrict the retention and sale of automated license plate reader data, limit storage to 60 days, and prohibit nonconsensual tracking devices such as micro-trackers and subcutaneous trackers. Hodson said the bill was aimed at protecting citizens’ privacy and noted it had passed the House previously; members asked about enforcement and deletion responsibility, and one member suggested criminal penalties might be worth considering in the future. The committee voted to report HB 20 favorably. House Bill 188, sponsored by Rep. Duvall, addressed driveaway plate businesses that transport vehicles for others. Duvall said Kentucky law had created confusion about how many vehicles could be on the road and had driven up insurance costs, hurting a Warren County business; the bill would let such companies purchase the exact number of plates needed, which he said would reduce exposure and premiums. He emphasized the bill would not affect dealer tags or trailer transport and said he was working on a floor amendment to make that clear. The committee reported HB 188 favorably as well. The committee then reviewed five administrative regulations, including Transportation Cabinet rules allowing technology to be used in title examinations, extending an off-road vehicle pilot program to July 2026 and updating the definition of local government, aligning truck weight-mass rules with statute, adopting the MUTCD traffic control manual, and an emergency Kentucky State Police regulation adjusting a TSA-related hazardous materials endorsement fee because the federal change came too quickly for the normal regulatory process. Members asked whether the title rule covered rebuild titles, and staff said it applied to all titles. The committee noted the regulations had been reviewed and then adjourned, with the next meeting tentatively set for the following Tuesday.
US

US Federal 2025-2026 Regular Session

US House Floor Proceedings (Thursday, September 18, 2025)

US Federal House Floor Meeting

Transcript Highlights:
  • <03:05:10.319> bills concerned with their utility bills concerned with their utility bills
  • at least 102 gas and electric utilities at least 102 gas and electric utilities have<03:05:16.880
  • :00.240> and Utility rate increases requested and Utility rate increases requested and improved
  • raising their rates uh their utility raising their rates uh their utility bills.<03:09:22.880>
  • And now Pennsylvania Utility care.
FL

Florida 2025 Regular Session

December 11, 2025 - 09:00 AM

Transcript Highlights:
  • I also noticed that on the conservation lands, utilities would be a permissible use.
  • be so broad that you could bulldoze the whole thing and cover it with solar panels and call that utilities
  • So my, I do have the concern about, you know, utilities and the conservation... ...That's the difficult
  • So I do have the concern about utilities and the conservation land; that concern also, but I think this
  • Um, my, I do have the concern about, you know, utilities and the conservation land that concern also,
Summary: The Intergovernmental Affairs Subcommittee heard a full agenda of local and policy bills, with most measures receiving favorable reports. Early in the meeting, the committee approved HB 4019, capping Lake County inmate health care and emergency transport reimbursements at percentages tied to Medicare; HB 97, allowing small counties to opt back into transportation concurrency; HB 267, expanding SHIP/local housing assistance eligibility to mobile home owners paying lot rent; HB 351, creating a framework for concurrent state jurisdiction over certain matters involving military installations, with an amendment changing the bill to say the state “may accept” jurisdiction; HB 4013, revising and merging fire district boundaries in Lee County; HB 481, increasing public nuisance fines and strengthening nuisance abatement and foreclosure procedures; HB 4025, conveying state land to the Village of Tequesta for continued park use; and HB 4017, repealing an obsolete Nassau County recreation and water control district, as amended. The most extensive discussion centered on HB 299, the “Blue Ribbon Projects” bill, which would create a voluntary framework for very large developments that dedicate 60% of land to conservation while allowing compact, walkable development and affordable housing on the remainder. The sponsor argued it would balance growth, conservation, and housing affordability without new bureaucracy, while opponents from Audubon Florida, county groups, and local governments warned the bill could weaken local planning, lack enforceable conservation safeguards, and allow nonconservation uses within reserved areas. Supporters said it could preserve large tracts of land at no taxpayer cost and improve long-range planning. The committee adopted an amendment clarifying reserve areas, allowing use of the state’s Rural and Family Lands Protection Program, requiring easements be provided without charge, and aligning affordability definitions with existing programs. The bill then passed favorably as amended, with some members voting no. The committee also approved HB 4023, a local bill adjusting the boundaries of the Ave Maria Stewardship Community District in Collier County, with no change to the district’s powers and duties. Several bills drew supportive testimony from local officials, industry groups, or affected residents, and some had amendments adopted without objection. At the end of the meeting, the chair noted it was the last interim committee week meeting, thanked members and staff, and encouraged continued stakeholder engagement ahead of session.
FL

Florida 2026 Regular Session

Agriculture Nov 18th, 2025

Agriculture

Transcript Highlights:
  • starting the business just prior to COVID was not an ideal situation, we were able to make it through utilizing
  • Utilities and the cost of insurance have also risen dramatically, cutting into the profitability of the
  • be possible without our faith in God, our family, and the cows that produce the incredible milk we utilize
  • Having folks come on farm to buy product is a challenge, so we utilize wholesale. Sure.
  • are working the farm at the same time having folks come on farm to buy product is a challenge so we utilize
Summary: The Committee on Agriculture convened, took roll, and heard Senate Bill 58 by Senator Harrow, which would create regulation for companion animal cremation. Harrow described a case involving mishandled pet remains and said the bill would require written service descriptions, prohibit false or misleading statements, require certification with returned remains, authorize Department of Agriculture and Consumer Services rulemaking, and impose civil penalties for violations. With no questions or public opposition, the committee voted the bill favorably. The committee then heard presentations on robotics in agriculture and aquaculture. Dr. Nathan Boyd of UF/IFAS discussed the rapid growth of agricultural robotics, including AI-driven weed detection, targeted spraying, autonomous tractors, and harvesting technology, emphasizing reduced pesticide use, lower input costs, and labor-saving automation. Dr. Nicole Kirchoff of Live Advantage Bait and Adrian Johnson of the Florida Shellfish Aquaculture Association highlighted aquaculture’s economic and environmental value, Florida’s strong position in the industry, and challenges including hurricane losses, lack of insurance, land-use instability, capital access, and water quality. They urged support for working waterfronts, risk mitigation, and policies to help the sector commercialize and expand. The committee also heard from dairy producers Kevin Lusher and Jacob Larson. Lusher described his family’s dairy and artisan cheese business, noting reliance on USDA grants, rising costs, labor shortages, and regulatory burdens, and asked for more grant support, marketing for Fresh From Florida products, and permanent funding for Farmers Feeding Florida. Larson discussed the broader dairy market, declining herd sizes due to efficiency gains, high production costs in Florida, and competition from out-of-state processing, suggesting incentives for local processing and supply management. Finally, FDOT Chief Planner Wayway Schen presented on arterial and local road funding programs, including ART, ARTW, SCOP, SCRAP, CIGP, and TRIP, and said rural road needs remain significant, with more than $16 billion in unfunded or partially funded project needs. The committee adjourned after brief discussion and thanks to the presenters.
FL

Florida 2025 Regular Session

Regulated Industries Mar 25th, 2025

Transcript Highlights:
  • Members will now go to tab 4 as >> the 8, 1, to 8 and utility relocation by Senator McLean.
  • Thank you, Chair Bradley. >> Vice chair Pizzo a Senate Bill 818, of has do with utility relocation.
  • They streamlined utility relocation for public road and rail corridor projects in church until the owners
  • Utility coordination require you to lead owners to submit relocation scheduled for this.
  • provide service throughout jurisdiction, and they're not necessarily are not regulated as a public utility
Keywords: 999, senate, all
CO

Colorado 2026 Regular Session

Colorado House 2026 Legislative Day 086 Part 1fix Apr 10th, 2026

Colorado House Floor Meeting

Transcript Highlights:
  • We are trying to utilize 2%, make a 2% reduction from 15% to 13%.
  • Sheil, please read the title to House Bill 1369. education utilized uh to draw uh they education utilized
  • c><03:19:25.200> for<03:19:25.680> various utilized for a match for various utilized for
  • And said folks are not utilizing first.
  • years ago, it was passed utilizing years ago, it was passed utilizing tanniff<03:40:59.520> reserve
Keywords: 981, all
Summary: The House opened with the national anthem, the Pledge of Allegiance, and a roll call establishing a quorum. Members then approved the journal of April 8, 2026, and heard several introductions and tributes, including recognition of Home Education Day in Colorado, a welcome to Sigma Lambda Gamma members, and a reminder about an education luncheon. The chamber then recessed briefly before moving into second reading and floor consideration of bills. The main substantive debate centered on House Bill 1357, which phases out the Teacher Recruitment Education and Preparation (TREP) program. Supporters said the program serves a relatively small number of students, costs more per student than community college alternatives, and should be wound down so limited state education dollars can go to core services and the school finance formula. Opponents argued the state had promised the program to students who planned their education around it, including some who turned down scholarships, and said the change would harm future teachers and should have been treated as a pause rather than an end. The House adopted an appropriations amendment (L003), withdrew a proposed substitute amendment (L005), and then passed HB 1357 as amended. The House also passed House Bill 1358, which reduces the appropriation for the Colorado Academic Accelerator Grant Program by $5.2 million in general fund. The sponsor described it as a grant program supporting community learning centers and math/STEM enrichment, but said funding will end after the following fiscal year and the program must step down so families can seek other services. The bill was adopted without further opposition. Finally, the House considered House Bill 1359, which redirects certain revenue from public school land natural resource removals to the state public school fund rather than the permanent fund, with projected transfers of $25 million in FY 2025-26 and $45 million in FY 2026-27. Supporters said the measure is needed to help balance the budget. An opponent raised concerns about impacts on a constituent ranch lease tied to a proposed green energy project, but the sponsor clarified the bill applies only to royalties and leases on state-owned public school lands. The House then adopted HB 1359.
AR
Transcript Highlights:
  • What I don't think we have done as good a job as we maybe could do as a state is utilizing all the players
  • What I don't think we have done as good a job as we maybe could do as a state is utilizing all the players
  • And then we can just start as a state taking access, or utilizing all the players on the field, at least
  • The Fayetteville unit was not heavily utilized, and we really tried to do a lot of analysis on why.
  • Why was that Fayetteville unit not heavily utilized? So they had empty beds.
Summary: The House Health Services Subcommittee met to approve the October 7, 2024 minutes and then shifted to a broad discussion of behavioral health policy, taking up work previously handled by a behavioral health working group. Representatives Wooldridge and Vaught described major gaps in Arkansas behavioral health care, emphasizing access problems, workforce shortages, rural service barriers, low reimbursement, and the need to move from a reactive crisis system to more proactive community-based care. Members discussed possible 2027-session priorities such as reducing red tape, improving provider licensing and supervision pathways, expanding billing codes and reimbursement structures, and considering interstate compacts and other workforce fixes. A major focus was the state’s crisis and forensic system, including long waits for competency evaluations, the backlog at the Arkansas State Hospital, and the use of county jails for people awaiting treatment. DHS Director Paula Stone explained that Medicaid pays for most behavioral health services, but cannot pay for services in jails or state hospitals because those individuals are treated as inmates of public institutions, leaving state general revenue to cover much of that cost. She outlined DHS efforts including secured restoration beds, therapeutic communities, community mental health center contracts for jail-based services, and plans for an institution-for-mental-disease waiver that could allow Medicaid payment for certain hospital-based services. Members also discussed crisis stabilization units, with DHS noting that Fort Smith and Jonesboro have been more successful than Fayetteville and Little Rock, largely because of location, partnerships, and law enforcement coordination. Questions covered reimbursement for county jails, step-down facilities, civil commitment options, non-emergency behavioral health transportation, and whether DHS should create a bed-availability dashboard similar to hospital systems. DHS said it does not currently have such a dashboard but is exploring the idea. The meeting ended with a commitment to continue the work, with more detailed discussion planned for August, and the subcommittee adjourned.
CA

California 2025-2026 Regular Session

Senate Revenue and Taxation Committee Apr 22nd, 2026

Revenue and Taxation

Transcript Highlights:
  • We're looking for insurance buy-in, we're going to look to the utility sector for more.
  • So the more the state does, the more we can take off of the utility bill.
  • They are also experiencing about 14 to 17 percent of their monthly utility bills going to the utilities
  • For many of the reasons that the opposition already stated, increases in utility rates, increases in
  • You're right about the stack: your insurance bill, utility bill.
Keywords: 987, senate, all
Summary: The committee heard several revenue and taxation bills, beginning with SB 1124, which would require the California Department of Public Health to create and post signage at tobacco retail locations about lung cancer screening eligibility. Senator Archuleta and Dr. Alex Zhu testified that lung cancer is the leading cause of cancer death and that awareness is low, while retail groups raised implementation concerns about sign size, notice, and penalties. Members discussed screening access and cost, and the author indicated willingness to reduce penalties. The bill passed 4-0 to the Senate Health Committee. The committee then heard wildfire-related tax relief measures. SB 1352 would clarify that disaster victims rebuilding homes may increase the size of a reconstructed home by up to 10% without triggering reassessment, and SB 1343 would provide a $4,000 income tax credit for sales tax paid on furniture and appliances purchased to furnish a rebuilt primary residence after a disaster. Both measures were supported by local officials and taxpayer groups, with some concern about administration and whether the benefits would skew toward higher-income households. Each bill passed unanimously, with SB 1352 sent to Appropriations and SB 1343 also sent to Appropriations. SB 1172 would place limits and transparency requirements on consultant compensation in local tax-sharing agreements, prompted by concerns that revenues in places like Shafter and Dinuba were being diverted away from local communities. The bill drew support from the League of California Cities and the California Retailers Association, while some members worried about local control. It passed 4-0 to Appropriations. SB 1408 would authorize the Contra Costa Transportation Authority to place a countywide sales tax measure of up to 1% on the ballot to continue transportation funding; supporters said it would let voters decide on continued investment in roads, transit, and congestion relief, while taxpayer groups opposed it. The bill passed 4-1 to Appropriations. The committee also considered SB 1404, which would restore a fire prevention fee in state responsibility areas and use it to help fund Cal Fire wildfire prevention and suppression, with the author arguing the fee would help address rising wildfire costs and reduce reliance on other funding sources. Rural county and taxpayer groups opposed it, citing affordability, double-charging, and constitutional concerns; some members also questioned the fee’s administration and burden on fixed-income residents. The bill passed 4-1 to Appropriations. Finally, SB 1102 would create a $2,000 tax credit for frontline nurses working in rural hospitals to improve retention and access to care; it drew support from a rural clinic and no opposition beyond a CTA tax-credit concern, and it passed 5-0 to Appropriations. The consent calendar, including SB 1072, SB 1165, and committee bills SB 1435-SB 1437, was also adopted.
NM
Transcript Highlights:
  • Hicks described to show you how we are working with schools to utilize those tools to create intentional
  • Yes, so what we intend to do is to streamline utilizing the multi-layer system of support framework that
  • Is to streamline utilizing the multi-layer system of support framework that we have at the Public Education
  • So additionally, what Safe and Healthy Schools is doing is utilizing A portion of our state perf attendance
  • If they have applied to utilize our attendance funds, we are requiring that they utilize this survey
Keywords: 996, all
FL

Florida 2025 Regular Session

December 3, 2025 - 08:30 AM

Transcript Highlights:
  • that will improve accuracy and reduce duplication, and enable more precise analysis of service utilization
  • an example of the first measure of the dashboard that was mandated to look at: a percent of high utilizers
  • This measure reflects the percentage of individuals identified as a high utilizer.
  • This measure reflects the percentage of individuals identified as a high utilizer.
  • To identify the two judicial circuits, we conducted a statewide analysis of high-acuity trends, utilizing
Summary: The subcommittee heard two Department of Children and Families implementation updates on measures passed in prior sessions. First, DCF reviewed House Bill 633, which increased oversight of behavioral health managing entities through biennial independent audits, standardized claims-based reporting, and new monthly outcome dashboards. The department said it had awarded the inaugural audit to Ernst & Young, found no significant waste, fraud, or abuse, but identified process risks involving financial controls, claims validation, data access, and system access controls. DCF also described its transition to standardized behavioral health coding and said the new public dashboard of 11 measures is posted on its website, though members asked for easier access and for hard copies of the audit report. Members asked about how the department distinguishes Medicaid-covered services from department-funded services, how duplicate payment risks are being addressed, and whether the new reporting and audit requirements would improve oversight without disrupting services. DCF said it is the payer of last resort for uninsured or underinsured individuals, that some overlap with Medicaid is expected because Medicaid does not cover all behavioral health services, and that new claims edits and cross-checks are being built into the system. The department also said it had not found significant negative feedback from providers and that the new requirements are intended to improve transparency and accountability. DCF then updated the committee on Senate Bill 7012, covering human trafficking data collection, domestic violence center certification, limited background-screening exemptions, expanded recruitment for child welfare staff, subcontractor liability protections, a four-year treatment foster care pilot, case management efficiency recommendations, and a statewide study of residential bed capacity for child victims of commercial sexual exploitation. The department said several items are already complete or underway, including limited exemptions in the screening clearinghouse, while others are in procurement or rulemaking. It identified Circuits 4 and 12 as the treatment foster care pilot sites and said the pilot will launch in January 2026. Members questioned recruitment metrics, pilot timing, and report deadlines; the department said final reports are expected by January and that some dates were flexible because of procurement and implementation timelines. The meeting ended after the presentations and questions, and the subcommittee adjourned.
NV
Transcript Highlights:
  • How does this apply to public utilities? Public utilities? We did contact folks at the IBEW to ask.
  • And my concern is about all... ...of the utilities, including the natural gas and the like, and about
  • And there's a lot of times when these utility workers need to get into an area, need to do things for
  • And that's what I'm trying to get at is, does this still apply, or is there an exemption for utilities
  • , public utilities?
Bills: AB93, AB204, AB414, AB504, AB598
FL

Florida 2026 Regular Session

Military and Veterans Affairs, Space, and Domestic Security Jan 14th, 2025

Military and Veterans Affairs, Space, and Domestic Security

Transcript Highlights:
  • When it comes to infrastructure, both our co-ops and our major utility providers—what a wonderful relationship
  • Those brave men and women with our infrastructure, our line crews, our utility companies, we had power
  • couldn't have been done without close county partnerships, relationships, our first responders, our utility
  • has that we can provide, that will then make that building meet the minimum requirements for being utilized
  • or can afford to not be utilized.
Summary: The committee held its first meeting of the session, with members introducing themselves and expressing support for veterans, military families, first responders, space industry growth, and domestic security. The first presentation was from the Florida Division of Emergency Management on the 2024 hurricane season and recovery efforts. Officials described response and recovery operations for Hurricanes Debbie, Helene, and Milton, including sheltering, meals, water, tarps, power restoration, flood control, debris removal, and public assistance funding. They emphasized that recovery is ongoing, that mitigation and resiliency investments are critical, and that Florida’s shelter space remains in deficit in many counties, especially for special needs populations. Senators asked about improving logistics capacity, technology for grant processing, HOA/private property debris issues, drainage and culvert maintenance, and ways to expand shelter capacity; the witness said more technology, better local coordination, and county-by-county planning would help, while noting limits on state authority over private property and county emergency manager qualifications. Committee members praised FDEM’s response and asked how the Legislature could help, including whether more logistical hubs, pumps, and flood-control equipment were needed. The witness said technology investments could reduce fatigue and improve grant and recovery processing, but that manpower would still be necessary. The committee also discussed the statewide emergency shelter plan, the use of schools as shelters, and the need to identify vacant commercial space and other facilities for future sheltering and special-needs needs. The witness said FDEM works with counties and commerce partners to identify available space and uses legislative funding for shelter retrofits and new construction when needed. The second presentation was from Blue Origin on its Florida operations. The company outlined its work in New Glenn, New Shepard, Blue Ring, lunar landers, and engine production, highlighting its Space Coast presence, more than 3,600 Florida employees, and over $3 billion invested in facilities. Blue Origin also described partnerships with Space Florida, public school Space Academies, internships, SkillBridge, and STEM outreach through Club for the Future. Members asked about the upcoming New Glenn launch window, which the company said was targeted for later that week, and the committee expressed interest in Blue Origin’s role in Florida’s space economy. The meeting ended with no further business and a motion to adjourn, which was adopted.
AZ
Transcript Highlights:
  • This bill, it would be a place to utilize and coordinate those funds.
  • This bill, it would be a place to utilize and coordinate those funds.
  • This bill, it would be a place to utilize and coordinate those funds.
  • This bill would be a place to utilize and coordinate those funds.
Keywords: 1182, all
AZ

Arizona 2026 Regular Session

01/28/2026 - Senate Floor Session

Arizona Senate Floor Meeting

Transcript Highlights:
  • SB 1384, utilities contribution non-recoverable expenses lobbying.
  • SB 1385, public utilities renewable energy resources as... SB 1386, watershed health survey use.
  • SB 1448, aggravated assault utility workers.
  • Assaulted assault utility workers as SB 1451 appropriation behavioral health provider rates as SB 1455
Keywords: 1182, all
Summary: The Senate convened with prayer and the Pledge of Allegiance, then confirmed a quorum of 30 present and approved the Journal from January 27, 2026. Several senators used points of personal privilege to welcome guests, including Aliento students visiting for an education day, gun safety advocacy groups, constituents, a legal studies shadowing guest, a scientist from Tempe, and aging-services advocates. Senators also spoke in support of student walkouts protesting ICE activity and praised the students’ activism. The chamber then moved through the second reading calendar, listing a large number of bills and resolutions covering topics such as water policy, health care, public records, education, insurance, elections, housing, utilities, criminal justice, and appropriations. No floor debate or votes on those measures were recorded in the transcript, and committee reports were placed on the journal without being read. After a recess, the Senate took up first-reading introductions and referred additional bills to committees, including measures on public benefits eligibility, public safety counseling, missing kidnapped children reporting, solar energy, elections, firearms instruction in schools, HOA and condominium issues, housing restrictions, water quality testing, and cargo theft. The Health and Human Services Committee was announced to meet Thursday at 10:30 a.m. in Senate Hearing Room 2, and the Senate adjourned until Thursday, January 29, 2026, at 10 a.m.
NH

New Hampshire 2025 Regular Session

House Session (03/06/2025)

New Hampshire House Floor Meeting

Transcript Highlights:
  • Line 26, utility property tax, pretty stable.
  • It will help the utilities, and it will pay property tax.”
  • <05:48:30.360> Commission Hampshire Public Utilities Commission Hampshire Public Utilities
  • or deny proposals by regulated utilities or deny proposals by regulated utilities for<05:48:36.760
  • Thank you. made at the Public Utilities Commission made at the Public Utilities Commission and<05:54:
Keywords: 1189, house, all
NH

New Hampshire 2026 Regular Session

House Commerce and Consumer Affairs (02/04/2026)

Commerce and Consumer Affairs

Transcript Highlights:
  • that are highlighted are utilization that are highlighted are utilization management<01:13:04.239
  • Those both relate to utilization review.
  • We're updating all utilization review.
  • prior authorization in utilization prior authorization in utilization review<01:14:35.600> denials
  • That's the standard that's utilized.
Keywords: 1189, house, all
TX

Texas 89th Regular

Delivery of Government Efficiency Mar 5th, 2025

Delivery of Government Efficiency

Transcript Highlights:
  • Is it being highly utilized by the- It is, it is absolutely taking off like wildfire.
  • How we utilize the moon will help. here on earth.
  • Utilize and how to report back to taxpayers. So what do you do in those situations?
  • If they're utilizing the benefits.
  • And to my knowledge, that's never, ever been done. utilized. It's never been worked.
Keywords: 1184, house, all
NH
Transcript Highlights:
  • So you can budget for utilizing this technology.
  • So you can budget for utilizing<01:36:13.040> this<01:36:13.280> technology.
  • <01:36:14.560> Uh<01:36:15.120> nearly utilizing this technology.
  • Uh nearly utilizing this technology.
  • of the institutions that have utilized of the institutions that have utilized um<02:03:25.599>
Keywords: 1189, house, all
Summary: The commission met with a quorum, approved the agenda, and approved the November 12 minutes after a motion, second, and unanimous voice/online consent. The chair said the meeting would include two presentations—one from Noah Herman of Fortress Global and one from John Kicko and team from Hedera—followed by discussion of the commission’s next steps and public comment. The chair also noted he was still seeking a clerk for note-taking. Herman’s presentation focused on stablecoins, blockchain use cases, and operational considerations for states and other institutions. He described Fortress as an enterprise crypto-wallet and treasury platform serving corporates, governments, and nonprofits, and used examples such as Save the Children and a large global commodities firm to illustrate custody and treasury management on blockchain rails. He said stablecoins are designed to maintain a U.S. dollar peg, are increasingly backed by treasuries and subject to greater transparency, and are being adopted by major firms and payment companies because they can improve speed, reduce cost, and simplify payments. He also highlighted market growth, including claims that stablecoins now represent a significant share of on-chain activity and are a major holder of U.S. Treasuries. He identified custody as a key issue for state and institutional use, outlining qualified custody, managed custody, and self-custody models. He said the main practical challenge for the commodities client was moving funds safely and quickly across global time zones and that blockchain rails could solve problems that traditional banking rails could not. He framed the broader trend as one of accelerating institutional adoption, citing recent acquisitions and product launches by Visa, Stripe, Citi, and PayPal as evidence that stablecoin infrastructure is becoming mainstream.
MN

Minnesota 2025 1st Special Session

House Agriculture Finance and Policy Committee 2/17/25

Agriculture Finance and Policy

Transcript Highlights:
  • In addition, M.E.Y. would like to utilize some of the increase to support our work around agriculture
  • We know we are effective in utilizing our funds, and the additional dollars in our grant program would
  • :20:56.200> to Minnesota in addition M would like to Minnesota in addition M would like to utilize
  • some of the increase to support utilize some of the increase to support our<00:20:57.760> work
  • our funds and the additional utilizing our funds and the additional dollars<00:21:14.919> in<
Bills: HF711, HF653