Transcript Highlights:

• So let's waive the fees.
• You know what my fee is? Zero.
• So when we looked at an agreement to have no fees, no fees. I think TMA was looking at that.
• Of the fees.
• Regarding the delegatory fees, if we remove the fees, are you concerned?

Bills: SB1888, SB3003, SB2417, SB2459, SB3055, HB1393, HB2884, SB2943

Keywords: grand jury, jury qualifications, jury wheel, small counties, Texas legislation, age verification, obscene devices, online sales, juvenile protection, penalties, antitrust, attorney general, Texas Free Enterprise, business regulations, legal confidentiality, personal identifying information, data brokers, judicial safety, civil rights, data privacy

Transcript Highlights:

• Senate Bill 1014 by Senator Grayson, relating to development projects.
• Development fees and other construction requirements can make up a significant portion of building cost
• to struggle to anticipate certain development costs.
• Senate Bill 1238 by Senator Wahab, relating to common interest developments.
• developments.

Keywords: 987, senate, all

Summary: The Senate opened with a roll call, a moment of silence for the shooting at the Islamic Center of San Diego, prayer, and the Pledge of Allegiance. The body then handled routine matters and confirmations, including Julia Montgomery as General Counsel for the Agricultural Labor Relations Board, Dr. Cynthia Glover Woods, Dr. Brenda Lewis, and Gabriela Orozco Gonzalez to the State Board of Education, and George Cardona as Chief Trial Counsel for the State Bar. All of those appointments were confirmed, with some no votes from a few members on the education and legal confirmations. The chamber also adopted several resolutions, including SR 111 on the International Day Against Homophobia, Biphobia, Interphobia, and Transphobia; SCR 129 naming part of Highway 152 the Rusty Arraes Highway; SCR 169 proclaiming October 2026 as Women’s Small Business Month; and SCR 173 designating May 2026 as California Fairgrounds Appreciation Month. Senators spoke in support of fairgrounds as community, agricultural, and emergency-response assets. The Senate also welcomed Cal Lutheran University students, faculty, and staff to the gallery. A large number of policy bills were then taken up and mostly passed, covering procurement, elections, education, privacy, housing, transportation, labor, and health care. Among the measures approved were SB 1154 on best-value procurement for community college projects, SB 1369 on judicial recall safeguards, SB 1048 creating a climate literacy seal, SB 1106 shortening data broker deletion timelines, SB 1408 authorizing a Contra Costa transportation tax measure, SB 1172 on local tax-sharing transparency, SB 1383 protecting local labor standards in density bonus projects, SB 1223 on competitive bidding at fairs, SB 1344 extending anti-SLAPP protections to certain housing-related projects, SB 1371 limiting solid waste contract force majeure clauses during labor disputes, SB 908 on residential window replacement permits, SB 1272 on remedies for preexisting home code violations, SB 1406 targeting the “Montana tax loophole,” SB 1238 on HOA transparency, SB 868 on plug-in balcony solar, SB 903 restricting unlicensed AI psychotherapy advertising, SB 950 on early-onset Alzheimer’s coverage, SB 874 on Medi-Cal behavioral health oversight, SB 1049 on corrected health care claims, SB 1067 on early math screening, SB 1202 on Medi-Cal outreach, SB 944 on acupuncture coverage, SB 957 on notice for federal subpoenas to social media companies, SB 959 on wildfire-related school closures, SB 988 on auto glass insurance practices, and SB 1000 on AI content transparency. Most passed on largely party-line or near-unanimous votes, with a few dissenting votes from members who objected to procurement, labor, privacy, or tax-related provisions.

Transcript Highlights:

• Our agency has engaged all stakeholders in good faith to develop a path forward.
• We were able to develop a rule that addresses community concerns.
• They're going to develop a plan, not us. We're going to continue to move forward.
• It’s not a fee. It’s a deposit.
• It's not a fee. It's a deposit.

Summary: The committee first heard SB 14, which would direct state agencies to reduce single-use plastics and improve waste diversion at state facilities by updating integrated waste management plans, increasing reusable foodware use, reducing paper purchasing, and requiring better employee education and recycling/composting practices. Supporters from the California Compost Coalition, Republic Services, Waste Management, and others said the bill would help build composting and recycling markets and let the state lead by example. Several groups that had opposed earlier versions said they were now neutral after amendments, including the removal of a 90% requirement. The bill was moved out on a due pass as amended recommendation. The committee then took up SB 326 on wildfire mitigation. The bill would create a framework for Cal Fire to evaluate the risk-reduction benefits of fuels management and landscape resilience investments, and it would accelerate implementation of Zone Zero defensible-space standards, including grants for local enforcement and broader application to rental and sale properties and post-fire reconstruction. Support came from Stanford climate researcher Michael Mastrandrea and several local government, insurance, and climate groups. With no opposition, the bill passed as amended to Appropriations. Next, SB 34 on port emissions and the South Coast Air Quality Management District drew extensive testimony. The author said the bill was narrowed by committee amendments to preserve the ports’ ability to reduce emissions while preventing cargo throughput caps and addressing concerns about automation, local control, and the timeline for port clean-air planning. Supporters included ILWU, business groups, and port-related stakeholders, while the South Coast AQMD and many environmental and community organizations opposed it, arguing it would weaken public-health protections and set a bad precedent. After lengthy debate, the committee approved the bill on a due pass as amended vote to Transportation, with some members voting no and others abstaining. The committee also heard SB 279, which would expand composting options for farmers and small community composters by allowing limited on-farm composting after large biomass events and increasing the amount small operations may process and sell. Supporters said the bill would help address agricultural waste, expand composting capacity, and reduce landfill disposal. Commercial composting representatives opposed it, warning that the bill could create regulatory inequities, strand recent investments in permitted facilities, and allow too much unregulated food waste. Despite those concerns, the bill passed to Appropriations on a due pass vote. The transcript also briefly referenced SB 613 on upstream methane emissions data, described as having no opposition and intended to improve tracking of imported oil and gas emissions.

Transcript Highlights:

• dollars in court fees um or legal fees dollars in court fees um or legal fees she<00:13:35.120><
• by a developer or homes that are being developed by big developers and being sold off?
• ><01:45:23.320> homes<01:45:23.599> that developed by a developer or homes that developed
• > by<01:45:24.840> big<01:45:25.080> developers are being developed by big developers
• <01:46:14.520> and that's already been developed and that's already been developed and developers

Keywords: 1187, senate, all

Summary: The committee heard Senate File 558, a bill to create a formal process for removing unauthorized occupants from real property, often described as a “squatters bill.” The author presented an A2 amendment, which was adopted, and explained that the bill would give sheriffs a structured complaint and verification process, allow fees, provide immunity when the process is followed, and impose civil remedies for wrongful removal and criminal penalties for false complaints. The bill also includes a provision on holdover situations, clarifying that certain unauthorized guests of tenants are unlawful occupants rather than tenants, and a use-of-excess-force provision was mentioned. Supporters said the measure is intended to give property owners and law enforcement a clearer, faster, and more consistent way to handle situations where people occupy property without a lawful basis, especially in rural or seasonal properties and in some landlord-tenant disputes. Senator Uty read a letter from Hubbard County Sheriff Corey Oas describing recurring problems with rental issues, couch hopping, and subletting without landlord knowledge, and a testifier from Pine Island described several local examples of prolonged and costly occupancy disputes, including a restaurant tenant who stopped paying rent and a rural property trespass incident. Committee members in support emphasized the need to balance tenant rights with property rights and to avoid leaving sheriffs to make ad hoc decisions. Michael D. from Homeline opposed the bill, arguing that existing trespass and harassment restraining order laws already address unlawful occupants and that the proposal creates due process concerns by allowing removal without a court hearing. He also warned that the bill’s definition of unlawful occupant could jeopardize oral leases, which are allowed under Minnesota law. In response, supporters said the bill is meant to distinguish true landlord-tenant relationships from trespass situations and to provide a workable process consistent with Minnesota law. At the end of the discussion, the chair announced that Senate File 558 would be laid over for possible inclusion. He also said Senate File 222 would be laid over, Senate File 559 would be moved with a recommendation to pass to the Judiciary Committee, and the fourth bill on the agenda was informational only.

Transcript Highlights:

• I wish the governor would have introduced a fee that was by resource.
• I wish the governor would have introduced a fee that was by resource.
• I wanted to share my support for a visitor fee.
• <01:27:16.760> Group<01:27:17.440> in Development Group in Development Group in support
• It could be utilized that way because it’s a commercial development.

Keywords: 910, house, all

Summary: The committee on Energy and Environmental Protection heard several measures focused on water quality, waste management, aquifer protection, wastewater, and climate-related funding. SB 984 on water pollution drew opposition from DLNR and the Hawaii Cattlemen’s Council, with the latter arguing the bill could unfairly blame landowners for runoff caused by terrain and storm events; the chair noted there were also supporters and commenters submitted in writing. SB 639 on underground storage tanks received support from the Department of Health, the Board of Water Supply, and the Sierra Club, with testimony emphasizing environmental restoration standards after jet fuel releases; no opposition was noted in the live testimony. SB 946 on wastewater management was presented as clarifying that the ban on discharging wastewater or raw sewage into state waters applies to treatment plants, and it drew support from the County of Maui, DOH, and Hawaii Reef and Ocean Coalition, with no questions or opposition raised in the hearing. The committee also heard SB 438 on waste disposal facilities near significant aquifers. DOH and the Water Commission offered comments, while the City and County of Honolulu’s Department of Environmental Services opposed the bill because of a provision affecting ash recycling; the Board of Water Supply and Sierra Club supported the measure, and the Makakilo-Kapolei-Honokai Hale Neighborhood Board and Energy Justice Network raised concerns about fly ash and bottom ash recycling, landfill capacity, and potential contamination of aquifers. Testimony reflected a split between environmental protection concerns and arguments that the bill could block beneficial reuse of ash. The committee then took up HB 1395 on state funds, which would direct interest from the Emergency and Budget Reserve Fund to the general fund when the reserve exceeds the state’s target. The Governor’s office, emergency management, the State Energy Office, the Hawaiʻi Green Infrastructure Authority, the Nature Conservancy, and several other groups supported the bill’s climate-resilience intent, while the Tax Foundation and committee discussion raised concerns that the measure functioned mainly as a revenue transfer without a dedicated spending mechanism. Members discussed whether a special fund or legislative appropriation process would better ensure the money was used for climate mitigation and related projects.

Transcript Highlights:

• homes to sometimes small fees and fines. homes to sometimes small fees and fines.
• developments. That is a shocking number. developments. That is a shocking number.
• for development, that is not okay. for development, that is not okay.
• and the implementation fees and the recording fees and all of the fees that go along with that.
• 40:13.760> along fees and all of the fees that go along fees and all of the fees that go along

Keywords: 1187, senate, all

Transcript Highlights:

• AB 1132, the Roads to Resilience Act, instructs Caltrans to work with stakeholders and develop a list
• Often, cities do not get to collect the unpaid ticket fees since most low-income drivers are sold at
• Some will say your car has to stay X amount of days and really just rack up on their fees.
• And cities have fees, administrative fees, to unlock a boot.
• They're often delivery fees.

Summary: The Assembly Transportation Committee heard a series of bills focused on transportation safety, climate resilience, wildlife connectivity, parking enforcement, and EV charging reliability. AB 605 would create a pilot program allowing certain hydrogen internal combustion cargo-handling equipment at ports; supporters said it could help ports stay competitive while reducing emissions, while South Coast AQMD raised concerns about possible nitrogen oxide emissions and limits on future regulation. The bill passed on an 11-0 vote to the Natural Resources Committee. AB 1132 would require Caltrans to incorporate community resilience indicators, including socioeconomic factors, into climate vulnerability assessments; supporters from Greenlining, AARP, and others said it would better protect seniors, people with disabilities, and transit users during heat waves and disasters, while some members questioned the cost during a tight budget year. It passed 9-0 to Appropriations, with some members not voting. AB 382 would lower school-zone speed limits to 20 mph and give local agencies more flexibility in how the limit is posted and enforced; supporters cited child pedestrian deaths and safety research, and the bill passed 11-0 to Appropriations. AB 902, as amended, would require transportation projects in wildlife connectivity areas to include wildlife passage features where feasible; supporters emphasized reduced collisions and habitat fragmentation, while the California Building Industry Association and COGs moved from opposition to neutral after amendments. It passed 9-1 to Local Government. AB 1014 would give Caltrans more discretion to lower speed limits on state highways based on local conditions rather than the 85th percentile rule; supporters said it would improve safety in rural and tourist areas, and the bill passed 13-0 to Appropriations. AB 1022 would end towing or booting vehicles solely for unpaid parking tickets, with supporters describing the practice as punitive and harmful to low-income drivers, while cities and parking groups argued it would weaken enforcement and create problems for out-of-state vehicles. The bill passed 9-3 to Appropriations. AB 1423 would require publicly funded EV chargers to meet reliability standards and allow enforcement of uptime requirements; supporters said taxpayers need functioning chargers, while charging-industry opponents objected to retroactive standards and possible conflicts with existing agreements. The bill passed 14-0 to Utilities and Energy. The committee also approved a consent calendar of five bills by voice vote and held roll calls open for additional members to add on.

Transcript Highlights:

• fees.
• And Section 11 references the wholesale license fee and dictates where that fee will be deposited.
• There will be no filing fee or service fees for a civil protection order.
• It prohibits excessive fees.
• It establishes limits on fees at five times the monthly increase in awarded benefits.

Keywords: 908, all

Summary: The Senate opened with prayer, roll call, and a quorum present, then moved through a series of conference committee appointments and reconsideration motions. Senator Axtman successfully moved to reconsider House Bill 1160, which had previously failed, and the chamber later passed it. HB 1160 creates a statewide bell-to-bell policy restricting personal electronic devices during instructional time; supporters argued it would reduce distractions, improve mental health and academic outcomes, and help teachers, while opponents raised local control concerns. The bill passed 42-4. The Senate also passed several other measures, including HB 1247 on protecting student victims of sexual offenses, HB 1489 consolidating civil protection orders into one chapter, HB 1032 making municipal courts courts of record and updating related procedures, HB 1487 authorizing a Minot facility for the Highway Patrol and Bureau of Criminal Investigation with a line of credit and emergency clause, HB 1469 requiring annual online statements of interest for public officials, HB 1199 creating the Missing and Indigenous People Task Force and related MMIP initiatives, HB 1169 regulating paid veterans benefits claim assistance with consumer protections, HB 1209 directing a foreign adversary threat assessment, and HB 3018 as amended to study water, wetlands, and taxation of inundated lands. Most of these passed with strong bipartisan support, though HB 1169 drew substantial debate over veterans’ service options and HB 1209 passed on a narrower 40-7 vote. The chamber rejected or declined several other measures. HB 1455, which would have required the Indian Affairs Commission to review introduced legislation for tribal implications, failed 7-40 after concerns about an unfunded mandate and duplicative duties. HB 1259, which would have put North Dakota on year-round daylight saving time, was defeated 15-32 after debate over time zones, construction, recreation, and whether the issue should be left to future legislatures. HB 1555, dealing with statements of ownership for foreign organizations of concern, also failed 3-44. The Senate then moved to announcements and committee scheduling for later meetings and conference committees.

Transcript Highlights:

• Which is attorney's fees.
• So we'll start with the presentation on attorney fees. Thank you. Alex.
• party's attorney's fees and other litigation expenses.
• fees in some cases.
• Why were any survivors involved in developing this approach?

Transcript Highlights:

• That's what fees should be, user fees.
• Court fines and fees.
• That's what fees car, that's user fee.
• Court fines and fees. We've gone part. Court fines and fees.
• , all court fees go into the general fees, all court fees go into the general fund,<00:55:55.760>

Keywords: 928, house, all

Summary: The meeting was a House budget briefing focused on the overall state budget and the first of three divisions. The presenter reviewed the size and structure of the budget, noting that the state had eliminated the interest and dividends tax and still balanced the budget. He explained the major spending categories in the general fund and total budget, emphasizing that health and human services and education remain the largest areas, while transportation is largely self-funded. He also walked through the revenue picture, including business taxes, insurance taxes, court fees, communications taxes, and Medicaid recoveries, and said the remaining interest and dividends tax revenue reflected late payments from prior assessments. Members asked about the size of the tax cut from eliminating the interest and dividends tax, federal funding stability, and why Medicaid was being reduced if federal support was expected to remain steady. The response was that the lost revenue would have been about $200 million absent repeal, and that the budget gap was addressed through many small cuts across departments. On federal funds, the presenter said most aid is tied to multi-year grants and that core programs such as Medicare and Medicaid were expected to remain relatively stable, though some federal reductions could occur. He also said some agency reductions came from eliminating long-vacant, funded positions and from expected lapses. The discussion then moved into Division One, which covers smaller and miscellaneous agencies. The division made cuts to the governor’s office, eliminated a temporary position at the Governor’s Commission on Disability, reduced Department of Information Technology spending through a back-of-budget cut, and found savings in Administrative Services. It also delayed maintenance at the Sununu Youth Services Center, stopped advertising for paid family medical leave, changed retiree health insurance funding, and consolidated several personnel-related boards into one. The division eliminated the Commission on Aging and the Office of the Child Advocate, made a temporary special education advocate position permanent, reduced the Secretary of State’s budget, kept municipal rooms-and-meals distributions flat, and made changes to the retirement system, including $55 million to improve Group 2 retirement benefits and a new retirement structure for future state hires. The judicial branch was also asked to find savings and received two additional judges because of expected caseload increases from other eliminations.

Transcript Highlights:

• We have the ability to monitor and predict by developing a statewide hub.
• So that's my answer to why there should be no development at all.
• Okay, no fees, no fees. That narrative's dead.
• with the Texas Water Development.
• At some point, we may develop a system where we could reach out to campers.

Keywords: 1185, senate, all

Transcript Highlights:

• We have essentially a sliding fee scale.
• We have essentially a sliding fee scale.
• We have essentially a sliding fee scale.
• would be yes we follow a sliding fee would be yes we follow a sliding fee scale<01:13:52.760>
• you are providing you know lower fees you are providing you know lower fees and<01:14:04.239>

Keywords: 1183, house

Transcript Highlights:

• Specifically, burdensome fees imposed by the Department of Toxic Substances Control.
• This bill supports responsible energy development while maintaining strong environmental oversight.
• AB 1031 reduces these fees for geothermal while upholding environmental protections of the waste.
• There has been some concern that lowering fees for one industry could lead to increased fees on other
• All stormwater permittees are responsible for paying their stormwater permit fee.

Keywords: 988, house, all

Transcript Highlights:

• It's wide open fee for service.
• It's a sliding fee scale.
• It would be treated as fee for service.
• What other services are still in fee for service?
• Y'all are consumer-directed and fee-for-service.

Keywords: 1185, senate, all

Transcript Highlights:

• time for the report in those prior periods where there was any of those contributions, then those fees
• Cosmetology Board for eight years until July 1, 2034, and reduces the statutory caps on certain board fees
• ... ...Senate Bill 1711 requires the State Board of Education to develop a list of recommended resources
• Additionally, it authorizes a landlord to charge an administrative fee associated with submetering of
• Madam Witt, members, the Rural Economic Development Committee adopted a strike-everything amendment to

Keywords: 1182, all

Summary: The caucus reviewed a long agenda of Senate bills across elections, commerce, education, government, health and human services, judiciary, public safety, transportation, rural development, and ways and means. Many measures were described as consent or third-read consent items, including bills on campaign finance termination statements and late-report penalties, AI provenance data for media, adjuster/contractor conduct during emergencies, Industrial Commission changes, association meeting closures, banking and remittance rules, central bank digital currency, public safety parity funding, barbering and cosmetology board continuation, digital asset reserve management, contractor licensing, gaming and racing commission continuation, school AED instruction, classroom removal procedures, school safety reporting, special education complaint transparency, foreign influence and land ownership restrictions, DCS and DES process changes, health care licensing and reimbursement rules, EMS compact adoption, and multiple tax, housing, and transportation measures. Staff repeatedly summarized each bill and answered questions, with several bills noted as mirror or identical to House measures or as strike-everything amendments from committees. A few bills drew discussion. On SB 2874, staff explained that the Senate amendment would limit penalties for untimely campaign finance reports when a committee certifies it received no contributions and made no expenditures, but the sponsor did not concur. SB 1074 prompted questions about whether parental notification changed; staff said it did not and that the bill was aimed at improving communication between teachers and principals about discipline. SB 1175, requiring DCS caseworkers to photograph children at each interaction in abuse or neglect cases, drew concern about the scope of the photos, while supporters said it would improve continuity and documentation. SB 1180 also drew comment because the sponsor and committee chair disagreed over an amendment, though the bill was advanced for further work. The most extended debate came on SB 1751, which would allow death-row inmates to choose firing squad, lethal injection, or lethal gas if voters approve the related constitutional measure. One member strongly opposed the bill on moral and personal grounds, another argued it could be a more humane option if the state is going to carry out executions, and a third raised concern that it could be used against Second Amendment rights. The bill remained on the third-read consent calendar despite the objections. The caucus concluded after moving through the remaining agenda items, with no formal votes recorded in the transcript beyond committee status and consent-calendar placement.

Transcript Highlights:

• Infrastructure fees, upgrades, infrastructure fees, what would those, what would that bill look like?
• Board for the new water fee. fun.
• They were not easy to develop.
• It was a tap fee. And the bigger tap you had, the more you paid.
• By way of impact fees, a local municipality accepts a new development for an industrial complex, a residential

Keywords: 1184, house, all

Transcript Highlights:

• Delray Beach Downtown Development Authority.
• , yes, it would have run its course, but it’s not developed yet.
• If it had been developed, yes, it would have run its course, but it’s not developed yet.
• I mean, do they work with you to develop this area?
• It was just the permit fees. Yes, I see. It was building permit fund. It was just the permit fees.

Summary: The Joint Legislative Auditing Committee met to consider several audit requests and enforcement items related to local government accountability. The committee heard requests for operational audits of the City of Miami Beach, the Delray Beach Downtown Development Authority, and the City of Daytona Beach. In each case, the requesting member cited concerns about transparency, financial management, or compliance with state law. Representatives from Delray Beach DDA testified that an internal audit had already been completed, that findings were limited, and that they were working to cure issues such as procurement, credit card, and disbursement policies; the DDA chair also said the organization was willing to cooperate and was considering transitioning out of operating Old School Square. For Daytona Beach, the sponsor pointed to excess building permit revenues, vehicle purchases, and reported P-card irregularities as reasons for a broader audit. The committee approved all three audit requests, directing the Auditor General to finalize the scope while considering the stated concerns. The committee also received a presentation on the statewide performance reviews of 21 neighborhood improvement districts. The reviewers reported that 15 districts were active and six inactive, with common issues including outdated or missing performance plans, weak web presence, inadequate meeting notices, and limited management mechanisms. They said staffing levels often correlated with the ability to meet statutory requirements, and recommended that several districts be reviewed to determine whether they were still needed. Members asked about staffing, inactivity criteria, and how the districts were administered, and staff explained that city or county liaisons often supplement district staffing. Later, staff reviewed enforcement actions for local governments that failed to file required financial reports or omitted required information from submitted audits. The committee discussed a list of noncompliant counties, municipalities, and special districts, including the town of Rayford, which staff said had long-standing reporting problems, no apparent municipal services, and no response to repeated outreach. The committee voted to send a letter to the Union County legislative delegation encouraging a local bill to dissolve Rayford. It also approved staff recommendations to proceed against entities still missing required filings or missing audit information, with authority for the chair and vice chair to delay action if additional information is later provided in good faith.

Transcript Highlights:

• habitat fee.
• habitat fee changes for fisheries the same way they do for wildlife.
• c><00:09:39.279> through um our habitat fee is not set through um our habitat fee is not set through
• director to actually um set those fees director to actually um set those fees and<00:09:55.399><
• habitat fee goes through RSA and is in law, so theirs is different.

Keywords: 1191, senate, all

Transcript Highlights:

• within the boundaries of a separate municipality that provide service to must not impose more rates, fees
• If we're We are going to provide developer incentives for the missing middle in counties eligible to
• Updates provisions of the community development block grant.
• Project developments clarify that paratransit services are for persons with disabilities.
• The property is near an existing line and the customer pays all lawful rates and fees.

Transcript Highlights:

• That's just transaction fees went up.
• <00:13:53.279> um developed um developed um kind<00:13:56.240> of<00:13:56.399> two<
• experiences with software development experiences with software development with<01:02:39.680>
• whole technology stack that I developed whole technology stack that I developed is<01:35:21.040>
• go versus fees on some of these things? go versus fees on some of these things?

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.