Video & Transcript Research : 'monetary compensation'

Page 110 of 294
NH

New Hampshire 2025 Regular Session

House Labor, Industrial and Rehabilitative Services (02/18/2025)

Labor, Industrial and Rehabilitative Services

Transcript Highlights:
  • It's between 5 and 6.3% increase in the workers' compensation rate.
  • <01:36:15.360> loss increased workers compensation loss increased workers compensation loss
  • Everything's been raised, but unemployment compensation. So I think it's time.
  • Everything's been raised, but unemployment compensation. So I think it's time.
  • <04:31:11.640> and 744 relative workers compensation and 744 relative workers compensation
Keywords: 1189, house, all
TX

Texas 89th 2nd C.S.

Public Education Jun 1st, 2026

Public Education

Transcript Highlights:
  • Those incentives matter, but compensation alone does not create commitment.
  • Today, we're building sustainable teacher pipelines and compensating for retention.
  • But we know that retention is not just about culture, it's also about the compensation.
  • That is staff time that should be reimbursed or compensated in some form or fashion.
  • Thank you. are impacting teacher compensation as a whole. Thank you.
Keywords: 1184, house, all
NH

New Hampshire 2025 Regular Session

House Finance Division I (03/25/2025)

Transcript Highlights:
  • What about the average final compensation?
  • > for then what's the average compensation for then what's the average compensation for the<04
  • <04:43:36.638> and add that to your final compensation and add that to your final compensation
  • So, if um compensation over base. Mhm.
  • Then then your uh your your compensation Then then your uh your your compensation over<04:44:49.760
Keywords: 928, house, all
Summary: The committee worked through a series of budget amendments, mostly to House Bill 2 and related House Bill 1 changes, with members discussing whether to reduce or preserve funding for various programs. Early actions included approving an amendment to House Bill 219 that delays implementation of renewable energy-related provisions to 2027, and approving an amendment that removes a $150,000 appropriation tied to a housing-related database while allowing use of housing fund money for the project. The committee also approved an amendment affecting magistrates so they could continue pretrial and other judicial support work, while noting they would not handle bail and that the change reflected separate legislation already signed by the governor. Members then approved a series of administrative savings items in the Department of Administrative Services, including eliminating a long-vacant computer analyst position and reducing overtime and recruiting/subscription-tool budgets. They also approved an amendment cutting marketing and administrative support for the paid family leave program, with members emphasizing that the program itself would continue. A proposed cut to the WorkInvest NH program was discussed at length, with some members arguing it benefits workers and employers and others noting the cost is borne by employers; the committee ultimately set that item aside without taking action. The committee also debated and then approved a modest reduction to a BEA regional planning grant, despite objections that regional planning commissions provide valuable municipal support. The most extended discussion centered on the State Library. Representative Sweeney said he did not want to pursue a full cut of the library and instead favored a more targeted approach, noting that some federal funding for library services such as interlibrary loans and the Libby system may be at risk. Members discussed alternatives, including unfilled positions and other partial reductions, but no final action on the full library cut was taken in the portion provided. The committee also paused on some other items to gather more information before voting.
MN

Minnesota 2025 1st Special Session

House Education Finance Committee 4/1/25

Education Finance

Transcript Highlights:
  • Additionally, this bill would exclude nonprofits if an employee compensation exceeds 110% of compensation
  • Additionally, this bill would exclude nonprofits if an employee compensation exceeds 110% of compensation
  • <01:18:26.719> exceeds compensation exceeds compensation exceeds 110%<01:18:28.760> of<
  • > the 110% of compensation established for the 110% of compensation established for the governor
  • <01:18:35.960> to limit nonprofit staff compensation to limit nonprofit staff compensation
VT

Vermont 2025-2026 Regular Session

Senate Session - 2026-05-22 - 10:00AM

Vermont Senate Floor Meeting

Transcript Highlights:
  • Um, defines fair compensation in the context of the redemption center.
  • <00:48:59.720> in<00:48:59.840> the uh defines fair compensation in the uh defines
  • to redemption centers, uh compensation to redemption centers, uh redemption<00:52:50.320> amounts
  • amount as the PRO fair compensation amount as the PRO takes<01:01:23.800> over.
  • That's that year where we're going to have to transition from a handling fee to the PRO compensation
Keywords: 927, senate, all
NH
Transcript Highlights:
  • says average earnable compensation says average earnable compensation during<00:12:51.120> three
  • The inclusion in the annual average compensation for extra and special duty in those three years shall
  • So this limitation on how much compensation for extra special duty into the retirement calculation is
  • for extra special Duty much compensation for extra special Duty into<00:28:00.159> into<00:28
  • This also has a restriction that calculations of earnable compensation and average final compensation
Keywords: 928, house, all
Summary: The committee reviewed selected House Bill 2 provisions, focusing first on the group two pension reform language and whether it matched prior legislation and the fiscal note. Members discussed two main issues: the treatment of extra and special duty pay in the pension calculation for employees hired before 2011, and the annuity multiplier after 15 years of creditable service. Several members said the HB 2 language was intended to restore prior law and protect against pension “spiking,” while others worried the draft and fiscal note may not have fully reflected current law, potentially affecting the cost estimate. The discussion repeatedly emphasized the need to avoid underfunding or double counting and to make sure Finance had the correct actuarial assumptions. No vote was taken; the committee agreed to flag the issues for Finance and to clarify the fiscal note. Members also discussed the vested-rights language, which was described as an explicit definition of vesting and a restriction on future legislative changes to compensation calculations after three years of service. Some viewed it as a policy protection with no immediate fiscal impact, while others noted it had been included in prior legislation and should be clearly understood before the bill moved forward. The committee also briefly referenced prior pension legislation, including House Bill 436 and House Bill 727, and noted that HB 2 was being used to carry forward related pension repair provisions. The committee then turned to an OPLC-related section transferring building, plumbing, electrical, and fuel gas inspector positions from OPLC to the Department of Safety’s Fire Marshal’s office. Testimony explained that the nine inspector positions are funded from the licensing fund, and that the move was justified as a public-safety function better aligned with the Fire Marshal’s mission because the inspections are statewide code-enforcement work rather than facility-specific licensing work. The discussion ended with a note that the remaining HB 2 changes run through 2034 and a brief announcement about memorial arrangements for C.J. Gerard.
AZ

Arizona 2026 Regular Session

07/08/2026 - Legislative Council

Legislative Council

Transcript Highlights:
  • such a big deal, and it is a huge deal because the district site fund is what pays for teacher compensation
  • Which consists of monies allocated to school districts for teacher compensation, class size reduction
  • Site Fund is, so it adds: 'which consists of monies allocated to school districts for teacher compensation
  • Allocated to school districts for teacher compensation, class size reduction, and student support services
  • Which consists of monies allocated to school districts for teacher compensation, class size reduction
Summary: The committee met to review and adopt Legislative Council ballot measure analyses, with members repeatedly reminded that the hearing was limited to the accuracy, clarity, and impartiality of the summaries and not the merits of the underlying proposals. Steve Premack explained the statutory role of the analyses in the publicity pamphlet, and staff presented draft language for several measures. The committee considered and voted on multiple amendments, often debating whether proposed wording was clearer or instead crossed into advocacy or added unnecessary legal detail. For SCR 1004, members debated amendments to more closely mirror the measure’s text and to add language about electric vehicles and mileage, but several proposed changes were rejected. The analysis was ultimately adopted by an 8-6 roll call. HCR 2021 was then adopted without amendment by the same 8-6 margin. For HCR 2055, members debated whether the summary should say the Department of Homeland Security must “do everything” or “use all lawful means available,” and whether to add language about cartels acting “individually or collectively”; both amendments were rejected and the analysis was adopted 8-6. The committee next took up SCR 1004 on photo enforcement systems, where members proposed amendments to clarify that the measure would apply to red light cameras, to add “thereafter” regarding recurring voter approval, and to specify that approval would occur at the general election; those amendments failed, and the analysis was adopted 8-6. On SCR 1032, dealing with instructional expenses and classroom site fund reductions, members debated adding a definition of the Classroom Site Fund and spelling out the waiver process in more detail; both amendments failed, and the analysis was adopted 8-6. Finally, on HCR 2001 regarding citizenship identification and early voting, members rejected amendments that would have added background on current law, clarified that mail voting would be affected, added severability and revenue-source language, and struck the measure’s short title; the discussion was lengthy and at times contentious, but the transcript ends before a final roll-call vote on that measure is shown.
HI

Hawaii 2026 Regular Session

PBS Public Hearing - Wed Mar 18, 2026 @ 9:30 AM HST

Public Safety

Transcript Highlights:
  • for providing advice or compensation for providing advice or assistance<00:26:09.279> regarding
  • They were having a hard time getting compensated for all their problems. Sleep apnea is huge.
  • at because I did not get compensated at because I did not get compensated enough. enough. enough
  • They were having a hard time getting compensated for all their problems. Sleep apnea is huge.
  • time getting compensated for all their<00:42:43.520> problems.
Bills: SB3240
Summary: The committee heard testimony on several public safety-related measures and indicated at the outset that, because of short notice, the bills would likely be deferred to the later decision-making agenda. On SB 2645 relating to fire prevention, the bill would restructure the process for selecting the State Fire Marshal and make related changes to the Office of the State Fire Marshal. The Governor’s office, the State Fire Marshal’s office, the Hawaii State Fire Council, DLNR, Maui Fire Department, AIA Hawaii State Council, and others testified, with DLNR supporting most of the bill but opposing the provision changing the marshal’s nomination process to a governor appointee. In questions, members reviewed the relationship between the State Fire Council, the commission, and the marshal, and the Governor’s office clarified that it supported the overall intent but wanted the commission to remain the sole appointing entity. The bill was not voted on in the hearing. The committee then heard SB 3083 relating to protective orders, with support from the U.S. Defense State Liaison Office, the judiciary, the Hawaii National Guard, the Military and Community Relations Office, DBED, and the Hawaii State Coalition Against Domestic Violence. Members focused on whether the draft reflected language worked out with the judiciary and whether the bill addressed a previously identified gap in implementation. The Military and Community Relations Office said it had worked with the judiciary on amendments and wanted to ensure the statute created a collaborative process with installation partners and law enforcement. The witness also said the draft appeared to reflect the agreed language, though he noted there were multiple bills moving and that technical amendments might still be needed. No action was taken during the hearing. SB 608 relating to veterans’ rights and benefits drew both support and opposition. Support came from the Hawaii Office of Veterans Services, Veterans Benefits Guide, Aloha Independent Living Hawaii, and individual veterans and service members, who argued the bill would improve access to claims assistance and provide choice and faster help for veterans. Opposition came from the VFW Department of Hawaii and the Veterans Caucus of the Democratic Party of Hawaii, which argued the bill should be amended to align with federal law, especially on accreditation and fee caps. Testimony and questioning centered on whether third-party claims assistance should be regulated, whether fee caps are preempted by federal law, and whether there was evidence of fraud tied to non-accredited representatives. Supporters said the bill would help veterans navigate a slow system, while opponents said accredited representatives are accountable and that the bill should be narrowed. The committee also heard SB 2054 relating to public safety, which would prohibit the Hawaii National Guard from deploying to assist federal troops, federal law enforcement, or other states’ National Guard units in Hawaii when the governor objects. The Hawaii National Guard opposed the bill, while the ACLU of Hawaii, Office of Hawaiian Affairs, and numerous other organizations and individuals supported it, arguing it would protect civil liberties and prevent federal overreach. The hearing ended without a vote or final action on these measures.
NV
Transcript Highlights:
  • Section 9.5 adopts a formulary system for medication in workers' compensation, along with Section 9.7
  • excuse me, that the insurers warrant the doctors on their list will treat and accept workers' compensation
  • Section 9.5 adopts a formulary system for medication in the workers' compensation along with Section
  • excuse me, that the insurers warrant the doctors on their list will treat and accept workers' compensation
  • Section 28 and 29 deal with the alteration of discovery rules in the workers' compensation system.
Bills: AB52, AB76, AB163, AB388, AB483
NH

New Hampshire 2025 Regular Session

House Ways and Means (03/04/2025)

Transcript Highlights:
  • I'm here to introduce House Bill 660 with an amendment requiring historic racing facilities to compensate
  • House Bill 660 is described as an amendment requiring historic racing facilities to compensate their
  • <00:24:56.640> for<00:24:56.840> any pay which more than compensates for any pay which
  • more than compensates for any Municipal<00:24:57.520> Services<00:24:57.960> they<00:24
  • <01:41:07.000> that municipalities the compensation that municipalities the compensation that
Keywords: 928, house, all
Summary: The committee first held a public hearing on HB 660, which would require historic horse racing facilities to provide 10% of HHR winnings to host municipalities as mitigation. Representative Om said the bill was intended to offset local costs associated with large gaming facilities, noting that prior gaming measures included opt-in provisions and that this proposal would leave charities and the state whole while taking the 10% from the operator’s share. Members questioned why 10% was chosen and whether municipalities were currently experiencing added costs; Om said the amount was meant to address projected future impacts, not broader municipal budget issues, and cited a study on casino-related community costs. Opponents from the New Hampshire Charitable Gaming Operators Association argued the bill unfairly singled out one industry and said gaming facilities do not impose more municipal burden than other entertainment venues. The hearing closed without a vote, and a member clarified the bill would apply to existing and future casinos/facilities. The committee then opened a hearing on HB 658-FN, which raises the cap on reimbursements from the Oil Discharge and Disposal Cleanup Fund and makes related changes to the Oil Pollution Control Fund. Representative Malloy introduced the bill, and Representative Aly described the funds as an insurance backstop for oil spill cleanup and low-income tank replacement, saying the program helps prevent environmental hazards and satisfies financial responsibility requirements. Bob Scully of the Energy Marketers Association supported the bill but noted that fee changes are ultimately passed on to consumers. Department of Environmental Services officials Robert Bishop and Jennifer Marts explained that the bill would change reporting deadlines, raise the reimbursement cap for low-income homeowners, extend the fee collection period for 10 years, and adjust petroleum import fees based on an actuarial review. They said the funds cover spill response, prevention, and tank replacement, and that the fee structure was designed to keep the funds solvent while balancing costs across fuel categories. Committee members asked about the actuarial basis for the fee changes, why some fees would rise while others would fall, and how the funds are used. DES said the review used 10 years of claims and exposure data and that the fuel oil fee would otherwise need to rise sharply, so the board proposed a smaller increase and rebalanced other fees. Members also asked about the scope of covered oil imports, and DES explained that the fee applies to oil destined for use in New Hampshire, not merely passing through the state. The discussion also covered home heating oil spills, which DES said are often discovered by homeowners or fire departments and are usually caused by tank corrosion, piping, or overfills. No votes were taken during the hearing, and the chair noted that the policy committee had already approved the bill before the finance-focused review.
KY

Kentucky 2026 Regular Session

House Legislative Session Day 52 (3-24-26)

Kentucky House Floor Meeting

Transcript Highlights:
  • workers' compensation workers' compensation and<00:29:08.840> other<00:29:09.040> benefits
  • unemployment insurance<00:30:50.640> or<00:30:50.720> workers'<00:30:51.040> compensation
  • <00:30:52.120> if insurance or workers' compensation if insurance or workers' compensation
  • guess the question is, who would be responsible for paying unemployment insurance or workers' compensation
  • the things that normal employees would have access to like unemployment insurance or workers' compensation
Keywords: 958, all
CA
Transcript Highlights:
  • So we're reestablishing the wolf-livestock coexistence and compensation program.
  • And we are, and then it's being renamed as the wolf-livestock coexistence and compensation program.
  • So we're reestablishing the wolf livestock coexistence and compensation program.
  • We want to be able to compensate cattlemen when they do have loss of their cattle because of wolves.
  • And so compensating cattlemen is part of that. They are not being compensated through insurance.
Summary: The committee heard several wildlife and water-related bills. SB 872, by Senator McNerney, would create a Delta Levees and Canal Subsidence Fund and allow waiver of local cost-sharing for Delta levee repairs to protect the State Water Project and Delta infrastructure. Supporters from water agencies, environmental groups, counties, and agricultural interests said the bill is needed to address levee failure and canal subsidence; there was no opposition, and the bill was held open until a quorum was present, with broad support expressed. SB 1108, by Senator Caballero, would establish the Grasslands Ecological Area Conservancy in the Central Valley to coordinate conservation, habitat restoration, public access, and voluntary easements in a region described as the largest remaining wetland/grasslands complex west of the Mississippi. Support came from the Grasslands Water District, Audubon, conservation groups, and local stakeholders, who emphasized the area’s importance to migratory birds, wildlife corridors, and land-use transition under groundwater sustainability. There was no opposition, and the bill received favorable committee support. SB 1135, by Senator Blakespear, would reestablish and strengthen the statewide wildlife coexistence program to reduce human-wildlife conflict through nonlethal deterrence, education, and compensation for livestock losses. Supporters cited rising wildlife incidents, wolf depredation, and the need for proactive tools; opponents and some committee members raised concerns about rural impacts, funding, and the absence of law enforcement/public safety as a specifically named advisory role. After discussion and amendments that moved the cattlemen and Farm Bureau to neutral, the bill passed out of committee on a due-pass motion, though some members voted no or abstained. SB 1305, by Senator Richardson, would direct CDFW to study the feasibility of grizzly bear reintroduction and prepare a roadmap, with tribal consultation and stakeholder engagement, but would not itself authorize reintroduction. Tribal sponsors and conservation groups supported the bill as a planning and cultural restoration effort, while hunting, ranching, and county groups opposed it, arguing California already faces major wildlife-management and funding challenges and that the proposal would create new conflicts. Committee members debated costs, appropriations, and whether the study should include funding estimates; the bill was amended and passed on a due-pass motion. The committee also heard SB 1250, by Senator Cortese, which would require Caltrans to incorporate wildlife connectivity into transportation planning; supporters said it would reduce wildlife-vehicle collisions and improve habitat connectivity, and the bill was presented in support as the hearing continued.
CA

California 2025-2026 Regular Session

Assembly Water, Parks, and Wildlife Committee Jun 30th, 2026

Water, Parks, and Wildlife

Transcript Highlights:
  • So we're reestablishing the wolf-livestock coexistence and compensation program.
  • And then it's being renamed as the wolf-livestock coexistence and compensation program.
  • And so compensating cattlemen is part of that.
  • They are not being compensated through insurance, and we need to have a system for that.”
  • “They are not being compensated through insurance, and we need to have a system for that.
Keywords: 988, house, all
HI

Hawaii 2026 Regular Session

LBT Public Hearing 03-16-2026

Labor and Technology

Transcript Highlights:
  • Yeah, Senator Moriwaki. compensation study. So, we're looking at compensation study.
  • So, there are other pay programs that are available to address when compensation is not aligned.
  • So, do they have a pathway for compensation increases?
  • So, there are other pay programs that are available to address when compensation is not aligned.
  • So, do they have a pathway for compensation increases?
Keywords: 912, senate, all
Summary: The Senate Committee on Labor and Technology heard testimony on several measures relating to public employment, the Hawaii Employer-Union Health Benefits Trust Fund (EUTF), retirement benefits, and cafeteria plans. HB 2472 and HB 2276, both concerning EUTF staff and investment office staff salaries, drew support from the trust fund and labor groups, and no opposition was heard in person. HB 2272 and HB 2273, emergency appropriations for public employment cost items, were supported by the administration and labor representatives; members briefly clarified which bargaining units were covered. A longer discussion centered on HB 1664, which would address a dispute mechanism for EUTF-related negotiations. HGEA said the current process lacks a dispute resolution path and that the bill would allow interest arbitration when the state and union disagree. The Department of Human Resources Development and the Budget and Finance director raised concerns about consistency across bargaining units and the role of an arbitrator unfamiliar with the complexities of the system. Senator Moriwaki questioned whether another dispute forum might be more appropriate, but no alternative resolution was settled. The committee also heard HB 1655, which would make retirement benefits negotiable, and HB 1658, concerning collective bargaining repricing. ERS opposed HB 1655, saying it could create administrative and tax problems if retirement benefits were negotiated separately across many bargaining units, while UPW, HGEA, HSTA, and UPA supported it as a bargaining issue. On HB 1658, DHRD explained that repricing is an internal classification tool meant to preserve equal pay for equal work, not to address market pay, and said a single arbitrator or the Merit Appeals Board could handle disputes; HGEA preferred a neutral arbitrator and opposed the Merit Appeals Board as too employer-controlled. The final measure, HB 1661 on cafeteria plans, was supported by UPW and HGEA. DHRD said it planned to raise the maximum contribution through rulemaking but needed to manage plan solvency and timing because IRS limits change on a calendar-year basis while the state plan runs on a fiscal year. The committee then moved into decision-making and adopted recommendations to pass HB 2472 and HB 2276 as amended/unamended after a brief correction to the vote language.
NM

New Mexico 2026 Regular Session

House - Appropriations and Finance Jan 21st, 2026

House Appropriations & Finance

Transcript Highlights:
  • When we set our rates, we're not just paying for childcare slots; we're funding a compensation structure
  • We are improving compensation for early childhood professionals through multiple approaches: rate setting
  • Work together, and total spending for FY27 on direct compensation will be closer to $34 million.
  • But this structure was designed to bring consistency and coherence to early childhood compensation.
  • Those rates over 50 to 60 percent of that rate is about compensation, and so then the wage scale and
Bills: SB2
CA
Transcript Highlights:
  • That just sort of triggered my thinking that clearly compensation I find it a little bit confusing that
  • And knowing that you can't have that kind of compensation, if you do want to have, if you're young and
  • This is essentially compensation for folks who are... In the education world under Proposition 98?
  • I mean, this could essentially be seen as a form of compensation.
  • The first is ensuring just and equitable compensation.
Keywords: 988, house, all
ND

North Dakota 2026 1st Special Session

Legislative Procedure and Arrangements Jun 10th, 2026 at 01:00 pm

Legislative Procedure and Arrangements Committee

Transcript Highlights:
  • It's titled Legislative Assembly employee positions and compensation.
  • I had a question for Emily about the compensation.
  • Do we feel like the compensation we're providing is enough to provide for their housing and their compensation
  • And then we're going to move on to the compensation side of these employees.
  • Motion to accept the compensation package. So I'll move from Representative Y.
Keywords: 908, all
ND
Transcript Highlights:
  • It's titled 'Legislative Assembly employee positions and compensation.'
  • I had a question for Emily about the compensation.
  • I had a question for Emily about the compensation.
  • And then we are going to move on to the compensation side of these employees.
  • Motion to accept the compensation package. So I will move. Representative Y.
Summary: The Legislative Procedures and Arrangements Committee met with a quorum and approved the minutes from the previous meeting. The committee first considered and adopted a Joint Rule 211 change clarifying the deadline and statutory references for bill drafts involving health insurance mandates, after discussion that the process is still somewhat cumbersome but improved by the clarification. The committee then reviewed a revised draft addressing confidentiality protections for certain legislators and candidates, but members expressed concerns about the breadth, enforceability, and transparency implications of the proposal, and the committee chose not to advance it at this time. The committee received an informational update on the new NCSL Legislator Security Fund. Staff explained that North Dakota is applying for the grant, which could provide about $200 per legislator for home security or related safety expenses, subject to Emergency Commission approval and reimbursement procedures. Members asked about eligible expenses, administrative burden, and whether new legislators would be covered; staff said guidance would be provided if funding is approved. The committee also approved the 2027 timing for the State of the Judiciary, tribal-state relationship message, and State of the State address on January 5, and set the Commerce Department and agricultural commodity reports for January 13 and 14, respectively, as required by statute. A major portion of the meeting focused on legislative staffing and organizational planning. The committee approved a recommendation for 36 Senate staff positions and 41 House staff positions, along with a 3% compensation increase for session staff. Discussion centered on replacing some procedural clerk duties with permanent policy analyst staff, retaining quality assurance roles for now, and adding or repurposing positions in IT, program evaluation, legal, and administration. Members also discussed expanding program evaluation capacity and the need for clearer oversight of new programs, with staff noting upcoming training and model-sharing with other states. Finally, the committee reviewed a proposed new legislator orientation day on November 30 and broader organizational session training changes, including mock committee and floor sessions, security training, and more robust budget/appropriations instruction, but took no final action on the agenda items and adjourned after completing the budget-related recommendations.
FL

Florida 2026 4th Special Session

January 21, 2026 - 10:00 AM

Transcript Highlights:
  • savings to consumers by defining what that term is, what those rates should be, what is reasonable compensation
  • savings to consumers by defining what that term is, what those rates should be, what is reasonable compensation
  • my question really is: if, within those 10 days, work has been done in good faith, what's the compensation
  • The public adjusters still have the ability to go after the carrier to be compensated.
  • Back to the point that I made: I do a lot of things for free and don't get compensated, and we don't
Summary: The committee met with a quorum and heard several insurance and banking bills. HB 1399, relating to property insurance affiliates, would increase Office of Insurance Regulation oversight of transactions between property insurers and affiliates, require fair-and-reasonable documentation, review of dividends and asset pledges, contract termination clauses, affiliate registration, and penalties for violations. Members from both parties generally supported the goal of transparency and accountability, though some raised concerns about costs and whether the bill would actually return money to insureds. The bill was reported favorably. HB 427, on public adjuster contracts, would allow vulnerable adults or their legal representatives to rescind public adjuster contracts without penalty, reflecting the sponsor’s personal concerns about protecting elderly and otherwise vulnerable family members from predatory contracting. Public testimony included support from several industry and elder-law groups, while the public adjuster association warned the bill could unfairly target one profession and urged broader language. Members debated whether the bill should be expanded to cover other solicitations and whether legal representatives should be treated differently, but the bill was ultimately reported favorably. The committee also approved HB 893, which aligns bank handling of law-firm trust accounts with Florida Supreme Court rules and supports legal aid funding, and HB 767, a transparency bill requiring insurers to provide consumers with plain-language explanations of rate increases and related factors. Members emphasized consumer education and clearer disclosures, and HB 767 passed 2-0. Later, HB 381, the Office of Financial Regulation agency bill, was amended and reported favorably; it updates financial regulation provisions including cybersecurity-related requirements, money services business rules, credit union and financial institution provisions, and fee timing. HB 777, a related public-records bill protecting nonpublic personal information submitted to OFR, was also heard and moved forward without opposition.
NM

New Mexico 2026 Regular Session

Senate - Finance Jan 14th, 2026 at 01:08 pm

Senate Finance

Transcript Highlights:
  • Chairman, we have in our recommendation for compensation recommended a 1% across-the-board compensation
  • increase if the Executive Recommendation for Compensation was adopted and all other state employees
  • As I indicated, we are recommending a higher compensation increase for public safety in our budget than
  • We've supported Significantly increasing compensation for public defenders, DAs, the courts, and judges
  • Well, just really overall compensation.
Keywords: 996, all