Transcript Highlights:

• It references clean it up and lock in banking department regulator for banking, make sure there's no
• That's really scooped out that chunk about payments, reference the official bank regulators. >> Well,
• banking banking department<00:07:18.800><c> regulator</c><00:07:19.280><c> for</c><00:07:19.440><c>
• banking</c><00:07:19.919><c> make</c> department regulator for banking make department regulator for
• </c> the official bank regulators. the official bank regulators.

Bills: HB259, SB247, HB259, SB247

Keywords: income tax credit, tax incentive, recruitment, remote work, remote worker, recruited worker, rural counties, small counties, county population tiers, opportunity zone, teacher recruitment, nurse recruitment, law enforcement recruitment, workforce development, economic development, relocation incentive, Alabama Department of Revenue, nonrefundable tax credit, tax carryforward, state income tax

Transcript Highlights:

• </c><01:38:50.560><c> If</c> the regulator and the regulated. If the regulator and the regulated.
• When a bank fails, regulators need to move fast to protect depositors, preserve confidence in our financial
• resolution process while preserving regulators' ability to respond to bank failures.
• When a bank fails, regulators<05:09:03.360><c> need</c><05:09:03.520><c> to</c><05:09:03.680><c> move
• and</c><05:15:36.240><c> the</c> banks gobbling up smaller banks and the banks gobbling up smaller banks

Keywords: U.S. House of Representatives Floor Proceedings on Tuesday, July 14, 2026, 1012, house, all

Summary: The House opened with the Speaker appointing Michael Guest as Speaker pro tempore for the day and then proceeding under morning-hour debate rules. Members were recognized in alternating order between the parties, with most speakers limited to five minutes and debate set to end by 11:50 a.m. The first portion of debate featured a sharp partisan exchange over immigration and socialism. Mr. McClintock criticized remarks by Zohran Mamdani, arguing they reflected anti-American rhetoric, opposition to assimilation, and support for socialism, which he said would undermine freedom, border security, and prosperity. Mr. Vasquez and Mr. Gomez responded with strong criticism of ICE and the Trump administration, focusing on the death of Lorenzo Salgado in Houston and alleging a lack of accountability, body-camera footage, and due process in immigration enforcement. Gomez said he had introduced legislation to redirect ICE funding toward housing and called for accountability for abuses. The remainder of the hour consisted largely of commemorative and district-focused remarks. Members honored local leaders, educators, and community figures including Pearl Compton, Beatress B. Lumpkin, Antonio Tony Ortiz, Clara Martin, Fred Gretch, Sheriff John Wiltshire, and Sheriff Robert Roder. Several members also highlighted policy issues and local priorities, including support for Ukraine, affordable housing proposals, blood donation shortages, the 70th anniversary of the Federal Aid Highway Act, the 250th National Independence Day celebration, and the newly enacted 21st Century Road to Housing Act. No votes or formal legislative actions were taken during the debate period.

Transcript Highlights:

• , Clifford Messler, West Bank Fishing, Chris Cuyon, West Bank Fishing, Brian Peacute, West Bank Fishing
• Peraldo, West Bank Fishing, Christy Messker, West Bank Fishing, West Bank Fishing, Kimberly Buck, PPG
• , Sean Landman, West Bank Fishing, Brian Myers, West Bank Fishing, Red Johnson, West Bank Fishing, Brian
• Myers, West Bank Fishing, Rhett Johnson, West Bank Fishing, Warner Kettner, West Bank Fishing, Christopher
• Bank Fishing, and Barry Shepard, West Bank Fishing.

Keywords: 965, house, all

Transcript Highlights:

• want to be regulated, and there was a video of my exchange with... ...don't want to be regulated.
• I just bank. I just said bank. I said taking out the remittances.
• Yeah, taking out for remittances and banking.
• And I'm not besmirching anybody being banking.
• It's just do I walk into a bank, oh, you have to show this, and then somebody else walks into a bank.

Summary: The committee took up a series of Senate bills, beginning with SB 1421, a contentious measure restricting financial institutions and check cashers from accepting certain identification from unauthorized immigrants and limiting remittance transfers without proof of lawful status. An attempted strike-everything amendment by Rep. Villegas would have redirected the bill to authorize tax-deeded property sales for affordable housing, but the committee rejected that amendment. After public testimony both for and against the underlying bill, the committee voted 6-2 to give SB 1421 a due pass recommendation. The committee then approved SB 1254, which revises Industrial Commission of Arizona statutes, including renaming certain positions, shifting boiler and elevator oversight, and requiring fee schedules to be posted online. It also passed SB 1515, which creates a public safety parity fund for retention pay and benefits for DPS and corrections employees using investment earnings from the budget stabilization fund; supporters cited vacancies, turnover, and pay gaps, while opponents argued the state should fund raises through the general fund. Both bills received due pass recommendations after amendment adoption and roll call votes. Other measures considered included SB 1206, which restricts adjusters and contractors from soliciting work during active loss events or emergency responses, with an exception for essential services; SB 1563, which continues the Barbering and Cosmetology Board and lowers certain fee caps; and SB 1649, which creates a digital assets reserve fund, though an amendment to turn it into a transparency measure on employers receiving public assistance was rejected. The committee also passed SB 1290 after rejecting an amendment on emergency price controls and adopting a Carter amendment clarifying HOA executive sessions may be closed only for discussion without action; testimony on that bill focused heavily on HOA transparency versus privacy concerns. Finally, the committee approved SB 1670, a contractor licensing preemption bill, and SB 1671, which continues the Department of Gaming and related commissions and updates reporting and conflict-of-interest requirements, with the department supporting the continuation and amendment language.

Transcript Highlights:

• People choose to bank, banks choose to no longer deal with the heavy regulation of New York State, and
• The harder that we are on our state-chartered banks, which are community banks, local banks, the harder
• People choose to bank, banks choose to no longer deal with the heavy regulation of New York State, and
• The harder that we are on our state-chartered banks, which are community banks, local banks, the harder
• People choose to bank, banks choose to no longer deal with the heavy regulation of New York State, and

Keywords: 993, senate, all

Summary: The Senate opened with routine formalities, approved the journal, welcomed a SkillsUSA student delegation, and then moved into budget and policy business. The chamber accepted a Rules Committee report and took up a supplemental budget extender, Senate Print 9963, which would extend state operations through April 22 and authorize $12.7 billion, including about $5.1 billion in new funding for Medicaid, payroll, and school aid. Senator O’Mara questioned the delay in the budget, the lack of public detail, and unresolved issues such as CLCPA changes, auto insurance, and SEQR reforms; the sponsor said negotiations were ongoing and that school aid would likely build on the executive budget. The extender passed 57-1, with Senator Weik voting no. The Senate then adopted Senate Resolution 1887, sponsored by Senator Brisport, memorializing the Governor to proclaim April 2026 as Arab American Heritage Month. Senators Brisport, Fahy, Salazar, and Gounardes spoke in support, emphasizing Arab Americans’ cultural, civic, and economic contributions in New York and condemning anti-Arab and anti-Muslim bias. The resolution was adopted by voice vote and opened for co-sponsorship. The chamber next considered several bills on the calendar, including a bill by Senator Cleare to prohibit state-chartered financial institutions from investing in private correctional facilities. Supporters framed it as a moral response to private prisons and rising federal use of detention facilities, while opponents argued it would overregulate state-chartered banks and affect private investment decisions. The bill passed 36-22. The Senate also passed a bill by Senator Krueger raising the nonprofit lobbying disclosure threshold from $5,000 to $10,000, after debate over transparency and whether the change would reduce oversight; it passed 35-23. Finally, the Senate passed Senator May’s bill on advanced transmission technologies and utility planning, after extensive debate over ratepayer costs, battery storage, and data center growth; supporters said it could lower energy costs through more efficient grid use, while opponents said it would raise rates and duplicate existing studies. The bill passed after being restored to the non-controversial calendar.

Transcript Highlights:

• So, you know, that's why a run on the bank is a problem. The bank doesn't have all the money.
• So, you know, that's why a run on the bank is a problem. The bank doesn't have all the money.
• So, you know, that's why a run on the bank is a problem. The bank doesn't have all the money.
• So, you know, that's why a run on the bank is a problem. The bank doesn't have all the money.
• So, you know, that's why a run on the bank is a problem. The bank doesn't have all the money.

Keywords: 928, house, all

Summary: The House Commerce Committee opened a public hearing on House Bill 310, sponsored by Representative Keith Ammon, which would create a study commission to develop a legal framework for stable tokens and tokenized real-world assets. Ammon described stable tokens as blockchain-based digital tokens backed by U.S. dollars or treasuries, and tokenized real-world assets as representations of ownership in items such as gold, real estate, or artwork. He said the bill is intended to help New Hampshire get ahead of emerging financial markets while waiting to see how federal legislation develops. Committee members asked about the purpose of the bill, the difference between this proposal and Bitcoin, whether state regulation could be preempted by federal law, and whether the commission could be balanced and avoid becoming a vehicle for fraud or money laundering. Ammon said the proposal is blockchain-agnostic, could apply to multiple networks, and is meant to regulate asset-backed tokens rather than create a state-issued coin. He emphasized that the state would not be guaranteeing the underlying assets, but would set rules requiring audits, proof of reserves, and honest representation of backing, with the Secretary of State’s securities office involved in oversight. Several members raised concerns about the risks of stablecoins, including money laundering, tax evasion, and possible harm to the dollar or confusion about whether the state was endorsing a new currency. Ammon responded that the bill would not undermine the dollar and argued that tokenization could actually expand demand for U.S. currency by making it easier to use globally. He also said the state would not be in the business of weighing assets or directly valuing them, only ensuring a valid audit trail and one-to-one backing. The discussion ended with general agreement that the subject is complex and that a commission could help develop future legislation, but no vote or final action was taken in the hearing.

Transcript Highlights:

• , Clifford Messler, West Bank Fishing, Chris Cuyon, West Bank Fishing, Brian Peacute, West Bank Fishing
• Peraldo, West Bank Fishing, Christy Messker, West Bank Fishing, West Bank Fishing, Kimberly Buck, PPG
• , Sean Landman, West Bank Fishing, Brian Myers, West Bank Fishing, Red Johnson, West Bank Fishing, Brian
• Myers, West Bank Fishing, Rhett Johnson, West Bank Fishing, Warner Kettner, West Bank Fishing, Christopher
• Berry, West Bank Fishing, and Barry Shepard, West Bank Fishing.

Summary: The committee took up House Bill 886 by Rep. Orgeron, which would make seasonal catch totals and related reporting for the commercial menhaden fishery publicly available by carving out an exception to confidentiality rules. The author said the bill was intended to align with the original intent of prior reporting legislation and to ensure the public can see how much menhaden is being taken from Louisiana waters. Supporters, including Louisiana Wildlife Federation, CCA, charter captains, and recreational anglers, argued the fishery uses a public resource and that transparency is needed for policymaking. Opponents said they did not object to transparency in principle, but one speaker asked that size-sampling data be removed, arguing it has no scientific value and is already handled through NOAA and Gulf States Marine Fisheries Council processes. The committee reported HB 886 favorably without opposition. The committee then heard House Bill 855, also by Rep. Orgeron, which would establish a 22-foot depth requirement for the commercial use of purse seines in the menhaden fishery. The author said the bill was based on a state-funded bycatch study showing red drum bycatch rises sharply in shallow water and that the current quarter-mile buffer is insufficient, especially in nearshore areas where recreational fishing and sensitive habitats are concentrated. Supporters emphasized the public trust nature of menhaden, the economic value of recreational fishing, and concerns about bycatch, beach fouling, and localized depletion. Several speakers cited the bycatch study, public comments opposing the recent reduction from a half-mile to a quarter-mile buffer, and the belief that deeper-water fishing would reduce impacts on redfish and other species. Department of Wildlife and Fisheries staff and the study’s principal investigator, Dr. Scott Rayburn, answered questions about the current buffer rules, enforcement, and the science behind the 22-foot threshold. They explained that the recent reduction to a quarter-mile buffer came from a commission directive and that the department had investigated complaints but found no violations. Dr. Rayburn said the 22-foot figure came from modeling red drum bycatch as a function of depth and that the study focused on red drum because of its economic and social importance, while not analyzing every species in the same way. Opponents of the bill, including West Bank Fishing and Ocean Harvesters representatives, said the rule of three is a standard confidentiality concept, argued the bill should not be framed as anti-transparency, and urged removal of the size-sampling provisions. The committee heard extensive testimony but no final action on HB 855 was recorded in the excerpt.

Transcript Highlights:

• The Early Banking and Finance Committee is now called to order.
• Chair and esteemed members of the Banking Committee. Good afternoon.
• Since banks are subject to multiple regulators, including federal regulators, requiring notice by the
• specific authority to go after financial regulators.
• The Assembly Banking and Finance Committee has adjourned.

Keywords: 988, house, all

Transcript Highlights:

• Act and that states can’t regulate national banks.
• banks.
• Now, these bills say if a bank wants to set its own fees, it can do that without regulation.
• All you need to do is regulate what Visa and MasterCard, which are not banks and which are not federally
• Banks don't compete over them. Other countries have stepped in to regulate Visa and MasterCard.

Keywords: 995, all

Summary: The Joint Committee on Financial Services heard testimony on several bills focused on financial security, banking regulation, and payment-card fees. Treasurer Deborah Goldberg supported the Massachusetts baby bonds proposal (H. 48) and also endorsed bills on matched savings (H. 1158/S. 737) and retirement planning/Secure Choice (H. 1143/S. 722), arguing these measures would help address wealth inequality, build assets, and improve retirement readiness. Supporters of baby bonds included policy experts and health advocates from Children’s Health Watch and Boston Medical Center, who said early-life asset building could improve long-term economic and health outcomes for children in low-income families. AARP also urged passage of the retirement planning bill, citing the large share of private-sector workers without access to an employer retirement plan. Representative Donato testified for H. 1143, describing it as a voluntary retirement-savings opportunity for workers at small employers. The committee also heard testimony on H. 3933, concerning the Massachusetts Credit Union Share Insurance Corporation, from former Bank Commissioner Mike Hanson, who defended the state’s full deposit insurance system for credit unions and savings institutions as a longstanding consumer-protection model. The Massachusetts Bankers Association raised concerns about the bill’s technical provisions and broader credit union/bank competitive issues, while the Cooperative Credit Union Association supported related legislation allowing modest compensation for credit union directors (S. 821/H. 1338) and flexibility for state financial institutions to grow through partnerships (S. 723). Bankers opposed those credit union bills, arguing they would upset a level playing field and blur long-standing distinctions between banks and credit unions. A major portion of the hearing focused on H. 1259/S. 688, which would prohibit card interchange fees on the tax and gratuity portions of restaurant transactions. Restaurant owners and the Massachusetts Restaurant Association testified in favor, saying the fees are a significant and growing expense, especially as most customers now pay by card; they argued the bills would save restaurants money without affecting state revenue. Credit union, banking, and payments-industry representatives opposed the bills, saying interchange helps fund fraud protection and payment infrastructure, that the proposal would create compliance burdens and likely litigation, and that it would mainly affect Massachusetts-chartered institutions while national banks could be preempted. Committee members noted that a commission on payment-card fees is being established and said the issue would be studied further. The hearing also included support for a separate bill on virtual credit cards for dental providers, with dentists saying automatic virtual-card payments impose hidden processing fees and fraud risks.

Transcript Highlights:

• And it doesn't, it's not overly burdensome regulation.
• So if the bank were to go run off with that... ...reinvest that elsewhere.
• If not, the banks could just run away with individuals' money. And these are not insured.
• You don't hear about that in the banks... You don't hear about that in the banks, you know?
• You've got the feds, national bank regulators, trying to undermine that with a new type of trust license

Summary: The committee took up AB 2285, a bill related to cryptocurrency staking and broader crypto regulatory issues. The author said the amendments would give California clearer guidelines for staking-as-a-service, maintain consumer disclosures, and remove a fee cap to make the business model workable. Supporters, including representatives of the Crypto Council for Innovation and the Satoshi Action Fund, said the bill would provide needed clarity and help Californians participate in blockchain-related opportunities. Opposition came from the Consumer Federation of California and credit union representatives, who argued the bill would weaken consumer protections, create an uneven playing field for state-chartered institutions, and move California into the middle of unresolved federal debates over the Clarity Act. They also raised concerns about fraud, money laundering, and the effect of the bill on DFPI’s authority and pending litigation involving Coinbase. The author responded that staking is distinct from buying crypto, that blockchain can improve traceability, and that the bill was still a work in progress with room for further amendments. Members discussed preemption, the pending federal framework, and whether the bill should wait until federal law is settled. The chair emphasized California’s role in setting policy and said other states were allowing consumers to benefit from staking. The committee ultimately adopted a due pass as amended motion and sent AB 2285 out on a 7-2 vote.

Transcript Highlights:

• AB 2243 would establish a state bank commission to evaluate how a state bank or some additional public
• AB 2243 would establish a state bank commission to evaluate how a state bank or some additional public
• larger national banks.
• AB 2243 does not create a bank.
• AB 2243 does not create a bank.

Keywords: 988, house, all

Transcript Highlights:

• AB 2243 would establish a state bank commission to evaluate how a state bank or some additional public
• larger national banks.
• Gail Saba with California Public Banking Alliance on behalf of California Public Banking Alliance and
• Gail Saba with California Public Banking Alliance on behalf of California Public Banking Alliance and
• Gail Saba with California Public Banking Alliance on behalf of California Public Banking Alliance and

Summary: The Assembly Banking and Finance Committee met and first approved the consent calendar, which included AB 2028, AB 2425, and committee bill AB 2795, all sent to the Committee on Appropriations. The committee also noted that AB 2558 and AB 2746 had been pulled from the agenda. The chair reviewed hearing procedures, including acceptance of written testimony and rules against disruptive conduct. The committee then heard AB 2116, which would require registration and basic conduct standards for certain small-business financing providers, including merchant cash advance companies, and prohibit confessions of judgment and power-of-attorney provisions before default. Supporters argued the bill would close an oversight gap and improve transparency for small businesses; a small business owner testified that a purported 13% loan turned out to have a 235% APR. Opponents said the bill mixed consumer and commercial regulation and could restrict access to capital, though they supported banning confessions of judgment. The bill passed on a roll call vote and was sent to Appropriations. AB 2243, by Assembly Member Haney, proposed creating a state bank commission to study whether California should establish a state bank or other public financing tools. Supporters said a public banking model could reduce borrowing costs, keep more public money in-state, and better finance housing, infrastructure, and other public priorities; opponents from banking groups raised concerns about taxpayer exposure, deposit guarantees, and the use of public funds and existing lending structures. The bill passed and was sent to Appropriations. The committee also heard AB 2350, which would set guardrails on rent-now-pay-later products for rental housing; supporters said these products can lead to high fees, debt, and eviction risk, while industry groups opposed the bill unless amended. AB 2350 passed as amended and was sent to Appropriations. At the end of the meeting, the committee completed roll calls for absent members and adjourned.

Transcript Highlights:

• ,</c><00:02:08.399><c> we</c> or questions about the regulation, we or questions about the regulation
• The regulation, the substitute to the regulation, has been adopted by voice vote.
• > Department</c><00:15:35.040><c> of</c> regulation through the Department of regulation through the
• </c> and community-based banking. and community-based banking.
• </c> Central Bank digital currency. Central Bank digital currency.

Keywords: Meeting Start 00:00:00 Call to Order and Roll Call 00:00:38 Consideration of Referred Administrative Regulations 00:01:34 Proposed Legislation for the 2026 Session 00:10:14 Basic and Added Reparation (PIP) Benefits 00:10:41 Prior Authorization 00:46:15 Measures to Strengthen Kentucky’s Economic Infrastructure 00:59:46, 958, all

Summary: The committee met in a special-called session of the Interim Joint Committee on Banking and Insurance and first took up three Department of Insurance regulations tied to House Bill 256, the Strengthen Kentucky Homes program: 806 KAR 22:00, 22:10, and 22:20. Commissioner Sharon Clark said the program would provide $5 million in grants to help homeowners strengthen roofs, with regulations covering eligibility and operations, contractors and evaluators, and reinspections in cases of suspected fraud. A committee substitute to 806 KAR 22:10 was explained as a technical correction to conform to the statutory preference for in-state contractors and evaluators. Representative Hampton moved and Representative Rudy seconded approval of the substitute, and it was adopted by voice vote; the amended regulations were then reviewed. Clark also said the grant money would be distributed statewide rather than targeted to storm-prone areas. The committee then heard an update from Commissioner Clark on mental health parity in response to questions from Representative Pollock. Clark said the department reviews insurer filings and conducts market conduct examinations, but does not have authority over provider reimbursement rates or to require providers to join insurer networks. She said complaints are investigated and, when needed, teams review claims and data on site to check compliance with parity requirements. No action was taken on that discussion. After approving the November 4 meeting minutes, the committee heard testimony on a proposed PIP reform package from Representative Josh Bray, the Kentucky Hospital Association, the Kentucky Justice Association, and State Farm. Supporters said the bill would apply the workers’ compensation fee schedule to most PIP medical claims, keep the $10,000 PIP limit in place while stretching benefits further, reduce balance billing, modernize benefit amounts, and address fraud and delayed billing. They noted hospitals would be exempt from the fee schedule, while hospital-based physical therapy would be included, and said the compromise reflected negotiations among stakeholders. Some members questioned whether exempting hospitals undercut the bill’s purpose and asked about possible rate effects; proponents said they had not done a rate analysis and that the bill could lead to more treatments within the existing PIP limit. No vote was taken on the PIP proposal during this meeting.

Transcript Highlights:

• Current law only allows for banks to be the surviving entity. Banks are tax-paying institutions.
• Current law only allows for banks to be the surviving entity. Banks are tax-paying institutions.
• powers of our community banks without having to pay the tax. ...and trying to receive all the same banking
• Okay, a bank like that you could walk into, a bank here in Massachusetts, or do you... you might not
• of New York Mellon, Bank of America, and I think Deutsche Bank, maybe—I don't remember the other banks—they

Keywords: 995, all

Summary: The Committee on Financial Services heard testimony on several bills focused on consumer debt, mortgage regulation, credit unions, and foreclosure prevention. The Attorney General’s Office strongly supported the Debt Collection Fairness Act (S. 735/H. 1275), saying it would curb abusive debt collection, prevent stale claims, limit civil arrest warrants, modernize wage garnishment rules, and reduce judgment interest rates. Senator Eldridge and legal aid advocates echoed that support, while the Massachusetts Bankers Association and the Massachusetts Mortgage Bankers Association supported bills on credit union mission/competition, consumer privacy in mortgage applications, subprime loan definitions, UCC updates, and protections for vulnerable adults, but opposed foreclosure mediation proposals and several credit union expansion measures, arguing they would distort competition and add unnecessary burdens. A large portion of the hearing focused on foreclosure prevention bills (S. 765/H. 1090), with testimony from homeowners, housing organizers, and legal advocates describing predatory lending, confusing servicing practices, health harms, and displacement caused by foreclosure. Supporters said a statewide pre-foreclosure mediation program would give borrowers and lenders a chance to reach alternatives such as loan modifications or repayment plans, and cited local experience in Lynn where mediation reportedly produced high rates of foreclosure alternatives. Opponents from the banking industry argued Massachusetts already has strong foreclosure protections and that a new mandatory process could delay resolution without added benefit, though they also noted a 2024 pilot should be evaluated first. The committee also heard strong support for H. 1282/S. 684, which would update the Massachusetts Uniform Commercial Code. State Street and a bankruptcy attorney said the changes are needed to keep commercial law current with electronic transactions, tokenized assets, and blockchain technology, and to maintain competitiveness with other states. The hearing concluded after public testimony, with no bill votes taken during the session; the chair thanked speakers and the committee voted to adjourn.

Transcript Highlights:

• The National Bank Act prohibits states from interfering with core banking functions, and regulating interchange
• In terms of regulation, this seems ideal. In terms of regulation, this seems ideal.
• You can't regulate energy. You can't regulate spirituality.
• It is not designed to regulate in helpful ways.
• Regular first regulation destroys creativity and innovation.

Keywords: 995, all

Summary: The committee opened a hearing of the Joint Committee on Consumer Protection and Professional Licensure and reviewed a broad agenda including credit card fees, event ticketing, music therapy licensure, senior psychologist licensure, CPA pathways, school mental health licensure, and a bill regulating alternative healing therapies. The chairs explained hearing logistics, including three-minute testimony limits and submission of written testimony, and noted that more than 70 people had signed up to testify. Legislators and advocates were heard out of order throughout the day. A major portion of the hearing focused on credit card surcharge and interchange legislation. Restaurant owners, the Massachusetts Restaurant Association, NFIB, and other small-business witnesses supported bills allowing merchants to add convenience fees and, in one proposal, preventing card companies from charging fees on tax and tip portions of transactions. They argued that swipe fees are a major and growing cost, especially for restaurants, and that Massachusetts is one of only two states that bars surcharges. Opponents from the Cooperative Credit Union Association, the Electronic Payment Coalition, and the Electronic Transactions Association warned that the proposals would create compliance burdens, fragment the payment system, raise legal preemption issues, and disrupt a system they described as efficient and secure. The committee also heard competing testimony on ticket transferability and ticket resale. Supporters, including the National Consumers League and Sports Fans Coalition, said bills on ticket transferability would protect consumers who cannot attend events and would increase competition and savings in the secondary market. Opponents, including United Musicians and Allied Workers and theater owners, argued that mandatory transferability would weaken artists’ and venues’ ability to prevent scalping and predatory resale, and that some ticket sellers should be exempt from the broader ticketing regulations. Separate testimony supported music therapy licensure, senior psychologist licensure, and new CPA education pathways, with witnesses saying these measures would expand access to care and strengthen the workforce while maintaining professional standards. The hearing also drew extensive opposition to S.261 on alternative healing therapies, with practitioners and clients arguing it would overregulate spiritual and holistic practices and was not an effective response to human trafficking concerns.

Transcript Highlights:

• want to be regulated, and there was a video of my exchange with... ...don't want to be regulated.
• Asked if other countries allowed folks to bank and to send, um, you know, remittance. I just bank.
• I just said bank. I said taking out the remittances. Yeah, taking out for remittances and banking.
• And I'm not besmirching anybody being banking.
• It's just, do I walk into a bank—oh, you have to show this—and then somebody else walks into a bank,

Bills: SB1206, SB1254, SB1290, SB1421, SB1432, SB1515, SB1563, SB1641, SB1649, SB1670, SB1671, SB1747

Keywords: storm damage, catastrophic storm, hail damage, wind damage, roof repair, roof replacement, post-storm repairs, insurance claim, property and casualty insurance, adjuster, public adjuster, contractor licensing, homeowner protections, deductible waiver, insurance fraud prevention, storm chaser, residential construction contract, workers' compensation, joint check, claim solicitation

Transcript Highlights:

• No matter what, we hope that the regulators, of course, will ensure that proper regulations take place
• We have gear regulations with a 4-inch minimum ring size.
• We have gear and crew regulations.
• We have gear and crew regulations.
• And if you just went with the Georges Bank, one, it would be 29%.

Keywords: 995, all

Summary: The joint hearing focused on the Atlantic sea scallop fishery, with particular attention to Massachusetts ports, federal scallop management, the proposed reopening of the Northern Edge on Georges Bank, and permit stacking/consolidation. The chair opened by noting the hearing would take written and oral testimony, that time was limited, and that the discussion was intended to inform legislative engagement with federal regulators rather than decide the issue directly. Dan McCarron of the Massachusetts Division of Marine Fisheries and Dr. Kate O’Keefe of the New England Fishery Management Council outlined the federal management structure under the Magnuson-Stevens Act, the role of annual catch limits and rotational closures, and the economic importance of scallops to New Bedford, Gloucester, and other Massachusetts ports. O’Keefe said the council’s current scallop framework is based on annual management, research surveys, and public input, and that recent environmental changes and uncertainty are affecting catch advice and biomass. Dr. O’Keefe and later Dr. Kevin Stokesbury of UMass Dartmouth described the fishery’s recent condition: abundance has increased in some areas, but biomass has fallen because many scallops are still too small to harvest, and changing ocean conditions and natural mortality are affecting the stock. They said the Northern Edge action was considered as a joint scallop/habitat framework but was discontinued in 2024 because the council could not reconcile competing objectives involving scallop yield, habitat protection, and impacts on other species such as cod, lobster, and herring. Stokesbury emphasized the long-running collaborative survey work with industry, said the fishery remains highly productive, and argued that the science supports careful rotational management and that the Northern Edge could be highly productive for scallops, though he acknowledged habitat tradeoffs. Committee members pressed both witnesses on why the issue had remained unresolved for so long and whether the council could revisit it through a future framework. Representatives of the Sustainable Scalloping Fund, including attorney Drew Kavage, John Lees, Sam Blasley, and Tony Alvernes, urged support for reopening the Northern Edge and for permit stacking, which would allow more than one scallop permit on a vessel while keeping ownership caps in place. They argued the fishery is a major economic driver, that industry-funded research has supported sustainable management, and that stacking would help family-owned operators reduce costs, improve safety, and avoid financial distress. They also stressed the need to protect working waterfront infrastructure in New Bedford and other ports. The chair said he was not opposed to stacking in principle but wanted to avoid a slippery slope toward excessive consolidation or private equity control; he noted that any stacking change would require an amendment to the fishery management plan or federal action. No votes were taken, and the hearing concluded with an invitation for continued engagement and future updates on the council process.

Transcript Highlights:

• I got one. >> You are you guys seeing anything with community banks, or are they more the national banks
• </c><00:45:54.319><c> have</c> Hampshire Community Banks each have Hampshire Community Banks each have
• Is it regulators or like auditors?
• </c><00:57:53.440><c> account</c> trying to comply with the bank account trying to comply with the bank
• </c> this model in my 14 years of the banking this model in my 14 years of the banking department.<01

Keywords: 1189, house, all

Summary: The meeting began with roll call and approval of the prior meeting minutes, which passed unanimously. Members then introduced the day’s presentations, including one on the Canton network and another on tokenizing real-world assets, with a focus on how blockchain systems can support regulated financial institutions and asset tokenization. Julie, the director of policy and government affairs at Digital Asset, presented on the Canton network, describing it as a privacy-enabled public blockchain designed for regulated finance. She said tokenization should preserve the same legal and economic rights as the underlying asset, and argued that blockchain-based books and records can shorten settlement times, improve 24/7 trading, and reduce friction in capital markets. She identified three main barriers to institutional adoption of public blockchains: lack of privacy, limited throughput/scalability, and lack of control for compliance purposes such as freezing assets, pausing transactions, and meeting AML/sanctions obligations. She explained Canton’s structure as a public, permissionless network with application-level privacy controls, a global synchronizer, and super validators chosen by vote. She also highlighted current ecosystem participants and use cases, including Broadridge, Circle, and the DTCC’s planned tokenization of U.S. Treasuries on the network. Members and online participants asked about the relationship between tokenized assets and the Clarity Act, tokenized deposits, safeguards for faster settlement, and whether the platform could be used for municipal or property records. Julie said Digital Asset was not taking a position on rewards, but supported clearer statutory definitions because tokenized securities should carry the same rights as the underlying assets and investors need to know whether a token is a true tokenized security or a synthetic/reference token. She said the company is agnostic on whether the cash leg is stablecoins or tokenized deposits, though it expects both to develop. In response to concerns about rapid settlement, she pointed to institution-level permissions and SEC disclosure expectations as safeguards. She also said the technology could be used for other records, including potentially property-related records, if those assets can be tokenized.

Transcript Highlights:

• And these banks that they're purchasing, they're not struggling banks. These are healthy banks.
• Williamsburg... purchased a bank um first state bank of purchased a bank um first state bank of Middlesborough
• c><00:15:04.240><c> that</c><00:15:04.399><c> they're</c> banks um and these banks that they're banks
• And this isn't a huge bank. This is a $400 million bank. And this isn't a huge bank.
• . regulate. regulate.

Keywords: Meeting Start 00:00:00 Call to Order and Roll Call 00:00:23 Kentucky Bankers Association 00:02:32 How to Read and Understand KRS 6.948 Health Mandate and Federal Cost Defrayal Impact Statements 00:25:40 Proposed Amendments to Kentucky's Essential Health Benefit-Benchmark Plan 00:50:18 Proposed Health Insurance Legislation for the 2026 Session 01:04:22 Reimbursement for Covered Benefits Delivered Through the Psychiatric Collaborative Care Model 01:01:46 Coverage of Eating or Feeding Disorders 01:18:47 Coverage of Hearing Loss 01:25:31, 958, all

Summary: The Interim Joint Committee on Banking and Insurance met for its first interim meeting, established a quorum, approved routine opening items, and welcomed a new committee assistant and a legislative intern. The committee first heard a Kentucky Bankers Association presentation from Tim Shank and John Cooper focused on the state’s housing shortage, which they described as affecting all 120 counties and especially low- and moderate-income and workforce housing. They urged support for a proposed $20 million banker-backed revolving fund, paired with tax credits, to finance new housing construction; they said the program would be flexible, could support alternatives such as manufactured housing, and would use below-market loans with tax credits vesting over five years only after units are completed. They also asked for extension of the historical tax credit carryforward from five to seven years and for continued support of new market tax credits, arguing that supply-chain delays make the longer period necessary for historic rehabilitation projects. The bankers also raised concerns about credit unions, arguing that because credit unions do not pay the same taxes as banks, they should not be allowed to acquire healthy state-chartered banks or hold state and local deposits. They cited the recent purchase of First State Bank of Middlesborough as an example, saying the transaction would reduce state, county, and city tax revenue and weaken local tax bases. In response to committee questions, the presenters said local regulations, zoning, parking, sidewalk, and utility easement issues can significantly delay housing projects, and they emphasized that state policy and infrastructure support are needed to help address affordability and development barriers. The committee then shifted to a Department of Insurance presentation by Commissioner Sharon Clark on how to read KRS 6.948 health mandate and federal cost defrayal impact statements. Clark explained that the mandate statements were created in 1998 so legislators would have actuarial estimates of how proposed health insurance mandates would affect administrative costs, premiums, and total costs, and she noted that later legislation added federal cost-defrayal analysis. She also reviewed the background of the Affordable Care Act’s essential health benefits framework and said the department’s statements are intended to help lawmakers make informed decisions on proposed health coverage mandates. No votes or formal actions were taken during the portion of the meeting provided.

Transcript Highlights:

• Commissioner for the Office of Financial Regulation.
• You'd just be having gold held for you in the bank.
• need to adhere to all the regulations.
• The requirement in HB 399 regarding using the banking system or state-chartered banks, we feel, would
• system or state-chartered bank.

Summary: The committee first took up SB 794, as amended by a late-filed strike-all, which would require a human being to make insurance claim denial decisions and prohibit artificial intelligence from being the sole basis for a denial. The sponsor said the bill was intended to preserve human oversight while allowing innovation in claims processing. Public testimony included support from the Florida Insurance Consumer Advocate and the Florida Medical Association, along with one speaker urging additional protections for homeowners. The committee adopted the strike-all and reported SB 794 favorably with committee substitutes. Members then heard SB 134, which removes the $500 threshold on the sales tax exemption for bullion, making sales of gold, silver, and platinum bullion fully exempt and eliminating certain dealer documentation requirements. Supporters argued the change would reduce a regressive tax and help consumers preserve savings; the sponsor estimated a revenue impact of about $300,000. The bill was reported favorably. The committee also adopted a strike-all on SB 888, which directs the Office of Insurance Regulation to create a more consumer-friendly homeowners insurance website with premium comparison information, market data, rate filing access, and educational resources. The sponsor and Leader Boyd said the goal was to improve transparency and help consumers navigate a stabilizing market. SB 888 was reported favorably with committee substitutes. The final bill heard was SB 1578, covering mammograms and supplemental breast cancer screenings. The sponsor said it would expand coverage requirements in ACA plans and private insurance policies, including annual mammograms for women ages 40 to 50 and supplemental screening coverage, while noting Medicaid already provides these services. The Florida Insurance Consumer Advocate waived in support, and the bill was reported favorably. After the bills, the committee held a lengthy panel discussion on gold and silver as legal tender and transactional money, with testimony from officials from Utah and Florida, industry representatives, and advocacy groups. Panelists discussed constitutional authority, consumer protections, depository oversight, taxation issues, and possible transactional platforms for precious metals. No further action was taken after the discussion, and the committee adjourned.