Transcript Highlights:

• advocating that Treasuries could be settled on a foreign exchange at a time when we can't even raise the debt
• ceiling, and then have them prioritize the debt away from the United States.

Bills: SB161, SB195, SB216, SB245, SB246, SB257, SB258, SB260, SB278, SB281, SB283, SB93, SB98, SB99, SB306, SB314, SB315

Keywords: vehicle safety, crash test, crashworthiness, NHTSA, National Highway Traffic Safety Administration, New Car Assessment Program, NCAP, motor vehicle safety standards, 49 CFR parts 571 and 572, THOR dummy, THOR-50M, THOR-05F, WorldSID, female crash test dummy, male crash test dummy, occupant protection, frontal impact, side impact, vehicle ratings, automotive safety

Transcript Highlights:

• So they have no debt or net negative debt, so positive cash, and they do this on purpose because they
• They're in essence just um debt, right?
• Um so they have no debt<00:43:58.560> or<00:43:58.800> net<00:43:59.040> negative
• ><00:43:59.440> debt,<00:43:59.760> so<00:44:00.000> positive debt or net negative
• debt, so positive debt or net negative debt, so positive cash<00:44:00.880> and<00:44:01.119>

Keywords: 1189, house, all

Summary: The commission met with a quorum, approved the agenda, and approved the November 12 minutes after a motion, second, and unanimous voice/online consent. The chair said the meeting would include two presentations—one from Noah Herman of Fortress Global and one from John Kicko and team from Hedera—followed by discussion of the commission’s next steps and public comment. The chair also noted he was still seeking a clerk for note-taking. Herman’s presentation focused on stablecoins, blockchain use cases, and operational considerations for states and other institutions. He described Fortress as an enterprise crypto-wallet and treasury platform serving corporates, governments, and nonprofits, and used examples such as Save the Children and a large global commodities firm to illustrate custody and treasury management on blockchain rails. He said stablecoins are designed to maintain a U.S. dollar peg, are increasingly backed by treasuries and subject to greater transparency, and are being adopted by major firms and payment companies because they can improve speed, reduce cost, and simplify payments. He also highlighted market growth, including claims that stablecoins now represent a significant share of on-chain activity and are a major holder of U.S. Treasuries. He identified custody as a key issue for state and institutional use, outlining qualified custody, managed custody, and self-custody models. He said the main practical challenge for the commodities client was moving funds safely and quickly across global time zones and that blockchain rails could solve problems that traditional banking rails could not. He framed the broader trend as one of accelerating institutional adoption, citing recent acquisitions and product launches by Visa, Stripe, Citi, and PayPal as evidence that stablecoin infrastructure is becoming mainstream.

Transcript Highlights:

• And we've saddled the country with $36.5 trillion in debt, a debt service that is higher than what we
• And we've saddled the country with $36.5 trillion in debt, a debt service that is higher than what we
• And we've saddled the country with $36.5 trillion in debt, a debt service that is higher than what we
• <03:00:13.399> a<03:00:13.600> Debt<03:00:13.880> Service<03:00:14.479> that
• <03:00:14.720> is doll in debt a Debt Service that is doll in debt a Debt Service that is

Keywords: U.S. House of Representatives Floor Proceedings on Tuesday, March 4, 2025, 1012, house, all

Transcript Highlights:

• to House Bill 3500 change is the presentment date for an affidavit of succession and a transfer on debt
• What you can do is execute a transfer on debt deed and then upon your passing, the individual that you
• get them brought up to a level where they can essentially not default on their general obligation debts
• What we don't need is more students taking on more debt that they. Can't afford.
• We need less student debt over kids' heads.

Bills: SB1687, HB1687, HB4431, HB2894, HB2979, HB3262, HB3298, HB3369, HB3431, HB3462, SB1226, SB1876, SB1916, SB1920, HB3467, HB3498, HB3500, HB3521, HB3581, HB3650, HB3673, HB3764, HB3767, HB3781, HB3800, HB3831, HB3834, HB3941, HB2749, HB3970, HB3972, HB3979, HB3980, HB3981, HB3996, HB4095, HB4104, HB4191, HB4248, HB4298, HB4338, HB4427, HB4428, HJR1023, HB3660, HB3718, HB4326, HB3443, HB3880, HB3649, HB3000, SB1651, SB504, SB372, SB1326, SB1633, SB248, SB1242, SB1238, SB423, SB1989, SB1286, SB904, SB1213, SB1216, SB1827, SB65, SB1390, SB259, SB1944, SB540, SB2139, SB346, SB1595, SB1400, SB1555, SB1209, SB2110, SB1670, SB1061, SB2104, HR1057, SB1946, SB1734, SB1316, SB1360, SB1557, SB1684, SB2049, SB1410, SB2011, SB1437, SB1204, SB1732, SB1775, SB2084, SB1380, SB1572, SB1772, SB1224, SB710, SB1338, SB1266, SB1303, SB1307, SB1562, SB1794, SB1191, SB1983, SB1832, SB1448, SB1534, SB1593, SB1597, SB1630, SB1489, SB1726, SB1796, SB1806, SB1877, SB1451, SB1553, SB1632, SB1423, SB1425, SB1502, SB2180, SB1725, SB2182, HB3003, HB3004, HB4434, HB4324, HB4342, HB2137, HB4432, SJR50, SJR52, SJR53

Keywords: driver licenses, exam proctor, Service Oklahoma, commercial training, background checks, advance directive, advance health care directive, health care proxy, medical power of attorney, durable power of attorney for health care, living will, surrogate decision-maker, default surrogate, health care agent, capacity determination, supported decision making, mental health directive, psychiatric advance directive, end-of-life care, life-sustaining treatment

Transcript Highlights:

• And when I first started the bakery, I was actually in pretty deep debt from a severe medical injury.
• I was able to pay off that debt.
• 31:21.280> deep bakery, I was actually in pretty deep bakery, I was actually in pretty deep debt
• <00:31:22.000> from debt from debt from a<00:31:23.160> severe<00:31:23.520> medical
• Um we were able to to pay off that debt.

Keywords: 1187, senate, all

Transcript Highlights:

• They might be able to actually sustain higher levels of cheaper debt and more expensive equity at the
• of<01:20:12.480> capital<01:20:12.880> and<01:20:12.960> the<01:20:13.040> debt
• 01:20:13.240> equity<01:20:13.640> ratio<01:20:14.680> and of capital and the debt
• <01:20:24.360> and<01:20:24.480> more higher levels of cheaper debt and more higher
• levels of cheaper debt and more expensive<01:20:25.000> equity<01:20:25.360> at<01:20:

Bills: SB2960, SB2347, SB2272, SB3137, SB3132, SB2271, SB2804, SB2175, SB2487

Keywords: homeowners insurance, disaster recovery, replacement cost value, state of emergency, policyholder rights, insurance extensions, tenant rights, landlord obligations, housing crisis, eviction prevention, multilingual access, SB2272, Act 105, home health licensing, home health agency, home health services, Department of Health, DOH, CMS, Centers for Medicare and Medicaid Services

Summary: The committee heard several resolutions and one bill focused on energy reliability, utility infrastructure, insurance, tenant rights, and home health licensing. On the energy side, members heard HCR 203/HR 193 on a status update for the Hawaii Electric Reliability Administrator, HCR 204/HR 194 on a comprehensive PUC analysis of cost reduction and risk, and HCR 202/HR 192 creating a legislative task force on future energy pathways. Testimony on the energy measures was generally supportive from the PUC, DCCA’s Division of Consumer Advocacy, the Hawaii State Energy Office, and the Office of Hawaiian Affairs, with OHA urging that equity, native Hawaiian impacts, and public trust resources be considered alongside cost savings. The committee also heard HCR 125/HR 117 on coordinating with utilities to address aging utility poles and lines along Farrington Highway and other high-risk corridors; Hawaiian Electric supported the measure, Hawaiian Telcom and Charter Spectrum said much of the work is already underway and questioned whether the resolution was necessary, and committee questioning focused on existing double-pole tracking and the role of DOT and the PUC. The committee then took up HCR 137/HR 129 on timely reimbursement of health care claims under the clean claims statute. The DCCA Insurance Division and the Hawaii Insurers Council opposed the measure as drafted, saying it could be read to require payment beyond policy limits and could raise premiums or reduce market participation. United Policyholders supported the measure, arguing it would simply give policyholders more time to collect benefits they already purchased, and clarified that it was not intended to increase coverage beyond policy limits. The committee later amended the resolution to direct the DCCA Insurance Division to prioritize investigation and enforcement of clean claims complaints. In the decision meeting, the committee recommended and adopted passage of HCR 203/HR 193 as is, HCR 204/HR 194 with an amendment removing the eighth whereas clause, HCR 202/HR 192 with an amendment adding a committee representative to the task force, HCR 125/HR 117 as is, and HCR 137/HR 129 with amendments. The committee also heard SB 2960 SC1 on property insurance, which would extend the time policyholders have after a declared disaster to document replacement-cost claims. The Insurance Division and Hawaii Insurers Council opposed it, warning it could force coverage beyond policy limits and increase premiums, while United Policyholders supported it and said it would help disaster survivors recover benefits they already paid for; members questioned whether similar laws in other states had caused premium spikes and clarified that the bill was not intended to exceed policy limits. The committee also heard SB 2347 SD1 on multilingual tenant-rights notices, with OHA, Hawaii Appleseed, and others supporting the bill but urging restoration of language requiring landlords to directly provide the notice at lease signing. Finally, SB 2272 SD1 HD1 on home health licensing drew support from the Department of Health, SHPDA, and the Health Care Association of Hawaii, with the association requesting an effective date amendment; testimony explained that the bill would allow state licensing compliance to be demonstrated through CMS-approved accreditation or certification surveys, potentially reducing duplication and freeing state resources.

Transcript Highlights:

• there are some private institutions where students are graduating at least $250,000 to $300,000 in debt
• $250<00:23:46.640> to<00:23:46.880> $300,000<00:23:47.679> in<00:23:47.919> debt
• <00:23:48.159> for<00:23:48.400> flight $250 to $300,000 in debt for flight $250 to
• $300,000 in debt for flight training. training. training. uh<00:23:50.159> what<00:23:50.400>
• We're very proud of student loan debt.

Keywords: 958, all

Summary: The task force meeting began with approval of the July 14 minutes and then heard a presentation from the Kentucky Aviation Association. Association leaders described general aviation airports as important to rural access, commerce, emergency response, tourism, agriculture, and workforce development, and cited statewide economic impacts they said exceed $1.6 billion and support more than 9,400 jobs. They thanked the legislature for prior airport funding and said it had helped airports with basic operations and repairs. The association asked lawmakers for four things: continued appropriations for general aviation airports; relief or a more workable process for required financial audits, which they said can cost $10,000 to $20,000 or more and sometimes exceed a small airport’s annual budget; a regularized statewide appropriations process for airport infrastructure needs, which they said total about $100 million and are currently addressed unevenly; and funding for the Aerospace Education Reinvestment Opportunity Act to support scholarships and aviation workforce training. Members of the task force asked follow-up questions about the audit burden, the difference between financial and safety audits, and the difficulty of finding audit firms. The presenters said they would bring specific ideas back on audit reform. Eastern Kentucky University then presented on its aviation program. EKU leaders thanked the committee for prior support, including a $25 million appropriation for a new flight school building at Central Kentucky Regional Airport, and said the project is expected to break ground in 2026. They reported strong enrollment growth, with 502 aviation majors, most of them Kentuckians, and said the program has expanded flight hours and job placement. EKU also outlined plans to add an air traffic control program in response to Senate Bill 87 and the national shortage of controllers, saying it could train students to FAA standards if the university receives the needed investment in simulators, equipment, space, and faculty. They also discussed the need to replace an aging fleet of training aircraft, saying the current planes are decades old and costly to maintain, and that newer aircraft would improve training quality and reduce student costs.

Transcript Highlights:

• million so we keep about $30<01:24:51.880> million<01:24:52.480> of<01:24:52.719> debt
• rolling on the books $30 million of debt rolling on the books for<01:24:54.400> fire<01:24:54.719
• million onto our existing $30 million million onto our existing $30 million rolling<01:25:04.960> debt
• > I<01:25:05.760> mean<01:25:05.960> puts<01:25:06.280> future rolling debt
• I mean puts future rolling debt I mean puts future borrowing<01:25:07.199> in<01:25:07.400>

Bills: HF919, HF1192, HF212, HF214

Keywords: wastewater, infrastructure, funding, Litchfield, economic development, environmental compliance, Hastings, water treatment, PFAS, nitrates, bonds, capital investment, public health, HF212, Round Lake-Brewster, Independent School District No. 2907, school construction, school building, sales tax exemption, use tax exemption

Transcript Highlights:

• That's a year of tuition and fees, living expenses, that's a year of debt that they don't have to take
• that's a year of debt that they don't<01:05:05.559> have<01:05:05.760> to<01:05:06.000
• by the grant, in part because the wages in that work don't necessarily justify the tuition or the debt
• necessarily justify the tuition<01:25:58.679> or<01:25:58.880> the<01:25:59.040> debt
• <01:25:59.400> a<01:25:59.520> student<01:25:59.800> would tuition or the debt

Keywords: 928, house, all

Summary: The committee received an orientation from University System of New Hampshire Chancellor Katherine Preventure and Senior Director of Government Relations Lauren Banker on the system’s enrollment, finances, workforce role, and academic programs. They described the system as consisting of UNH, Keene State, and Plymouth State, with about 23,000 students, $928 million in FY24 operating expenses, a $3.7 billion economic impact, and UNH’s R1 research status. They emphasized the system’s role in graduating students into the New Hampshire workforce, its statewide Cooperative Extension and regional campus presence, and its alignment of degree offerings with top occupations identified by New Hampshire Employment Security. The presentation also highlighted partnerships with businesses, internships, and collaboration with the community college system, including 100 transfer pathways and a direct-admit program. A substantial portion of the discussion focused on tuition, state support, and student costs. The chancellor said the state invested $95 million in FY25, with about $81 million used to reduce resident tuition and about $14 million for statutory programs such as Cooperative Extension and the Agricultural Experiment Station. She said the state subsidy is about $7,300 per New Hampshire student, and that resident net tuition averages about $7,000, while nonresident net tuition averages about $16,600. She provided published tuition figures for UNH, Plymouth State, and Keene State, and explained that resident tuition has been held flat for five years while financial aid has increased, reducing average net tuition and fees for New Hampshire students from about $10,500 in 2020 to $9,800. Members asked for clarification on how residency and workforce-retention percentages were calculated, and the chancellor said she would follow up. Members also asked about comparisons with peer institutions, housing and meal costs, research funding, and the reasons for declining enrollment and staffing reductions. The chancellor said peer comparisons were based on flagship universities for UNH and smaller regional publics for Plymouth and Keene, and noted that out-of-state tuition has risen about 2.5% annually. She said housing for a UNH double room is $8,536 and a meal plan is $5,100, and offered to provide a consolidated cost document. On research, she said the system’s direct research spending includes federal funding and that indirect costs were about $34 million last year, with a follow-up promised on the federal/state and direct/indirect split. She attributed enrollment declines largely to demographics and said the system is responding by reducing costs, selling buildings, exiting leases, moving the system office to NHTI, and implementing Workday. She also noted that Plymouth received approval for five three-year bachelor’s degree programs and that members praised the shorter, workforce-focused pathways, especially for manufacturing and other in-demand fields.

Transcript Highlights:

• work during COVID that were classified as essential workers, and it was tied in with paying off the debt
• We went from a $1.7 billion UI reserve down to a $1.5 billion debt that we owed the federal government
• and it was tied in with paying off the and it was tied in with paying off the uh<01:03:55.799> debt
• that we had to the federal uh debt that we had to the federal government<01:03:57.599> for<01
• that we owed the uh the federal debt that we owed the uh the federal government<01:04:17.559> um<

Keywords: 1187, senate, all

Summary: The committee met under a new Senate power-sharing arrangement with co-chairs, began with member and staff introductions, and then received a jurisdiction overview from Senate counsel. The overview explained that the Labor Committee’s jurisdiction has not changed from the previous biennium and covers fair labor standards, minimum wage, workers’ compensation, occupational safety and health, and related agencies and boards such as the Department of Labor and Industry, Bureau of Mediation Services, PERB, and the Workers’ Compensation Court of Appeals. It also noted that some topics, including paid leave, fall under other committees, while earned sick and safe time remains within Labor and Industry jurisdiction. Commissioner Nicole Blissenbach and Josiah Moore then gave a detailed Department of Labor and Industry presentation. They reviewed the department’s funding sources, emphasizing that workers’ compensation funds and construction codes/licensing revenues make up most of the budget, while the general fund is a small share. They described the department’s major divisions, including workers’ compensation, construction codes and licensing, labor standards, nursing home workforce standards, and OSHA consultation and compliance, and highlighted practical examples of their work. Examples included return-to-work assistance for an injured worker, compliance training that reduced penalties for self-insurers and claim administrators, and use of the Special Compensation Fund when an employer lacked workers’ compensation insurance. The labor standards section highlighted enforcement actions involving unpaid overtime, pregnancy and parental leave retaliation, wage deductions, and child labor violations, along with totals for 2024 collections and inquiries. The presentation also noted the Nursing Home Workforce Standards Board’s adopted rules, the expansion of construction licensing exams statewide, and OSHA consultation programs such as Min-SHARP and MINSTAR, including a Minnesota employer that recently achieved MINSTAR status. No votes or formal committee actions were taken in the portion provided.

Transcript Highlights:

• of Senator Johnson Stewart's, a mowing program initiative of Senator Jasinski's, and we do carry a debt
• We do carry a debt service for trunk highway bonds that is an ongoing conversation.
• Then line 122 is an increase to trunk highway debt service.
• <01:50:02.239> This<01:50:02.400> is trunk highway debt service.
• This is trunk highway debt service.

Keywords: 1187, senate, all

Transcript Highlights:

• It could be debt service on a building.
• It could be debt service on a building.
• It could be debt service on a building.
• It could be debt service on a building.
• It could be debt service on a building.

Keywords: 1183, house

Transcript Highlights:

• So we can't work on those debt payment in advance. That's kind of how bonds work.
• service earlier to try to pay our debt service earlier to try to end<01:31:53.119> the<01:31:
• You know, if our $50 million cap per year, once we work on the debt service and we're looking at a 17
• You know, if our $50 million cap per year, once we work on the debt service and we're looking at a 17
• You know, if our $50 million cap per year, once we work on the debt service and we're looking at a 17

Keywords: 928, house, all

Summary: The Finance Committee Division II met with the New Hampshire Department of Education to review school nutrition programs and related funding. Department staff Melissa White and Kelly Rambo walked through a packet covering the National School Lunch Program, Fresh Fruit and Vegetable Program, Community Eligibility (CEP), After School Snack Program, Child and Adult Care Food Program, and Summer Food Service Program, explaining that these are federally funded USDA programs, with some state supplemental funding in certain areas. They also reviewed reimbursement rates for lunch, breakfast, child/adult care, and summer meals, noting that summer rates follow calendar-year timing while most others follow the state fiscal year. Members asked several questions about how the funding works, especially the difference between federal reimbursements and the state match. Staff explained that the state lunch line in the budget is a fixed match amount tied to federal participation, while breakfast funding is broken out by meal type and reimbursement category. They also discussed why FY 2022 federal spending was much higher during COVID, when USDA covered meals at the free rate for all students, and why FY 2023 and FY 2024 dropped as normal income-eligibility rules returned. A committee member also asked about the “severe need lunch” two-cent rate, and staff said they did not know USDA’s formula. A substantial portion of the meeting focused on summer meals and the distinction between the Summer Food Service Program and Summer EBT. Staff explained that SFSP provides meals at approved sites, which can be open or closed sites, while Summer EBT is a separate DHHS-operated benefit program that provides funds to families. They said some schools or sites may not qualify under USDA rules, but eligible children can often use another nearby open site, and the department posts an interactive map and phone line to help families find locations. The committee also discussed the Community Eligibility Provision. Staff said New Hampshire currently has three CEP schools, that the eligibility threshold had recently been lowered from 40% to 25% identified students, and that the program allows participating schools to offer free meals to all students while the local district covers the non-federal share. Members asked whether any districts in the 25% to 40% range had joined; staff said no. The department offered to provide the eligibility report in Excel and noted that the CEP intent is to reduce application burden, though the lower threshold can make the local cost share harder for some districts to absorb.

Transcript Highlights:

• does, it helps streamline the probate process when there's no disputes regarding the estate and all debts
• /c><00:09:44.320> estate<00:09:44.720> and<00:09:44.959> all<00:09:45.120> debts
• <00:09:45.440> have regarding the estate and all debts have regarding the estate and all debts

Keywords: 958, all

Summary: The Senate convened with an invocation and pledge, established a quorum, excused absent senators, and approved the journal. The clerk reported House-passed bills and Senate bills received from the House, and several Senate bills were read a second time and sent to the Rules Committee. Committee reports recommended passage of multiple measures, including bills from Appropriations and Revenue, Health Services, Natural Resources and Energy, State and Local Government, and Transportation. The chamber then moved to orders of the day and took up Senate Bill 50 and Senate Bill 191, while Senate Bill 137 and Senate Joint Resolution 54 were passed over and retained in the orders of the day. Senate Bill 50, relating to the disposition of property, was explained as a broad update to trust, probate, and intestacy law. Supporters said it would streamline probate when there are no disputes, add privacy protections for decedents’ estate information, give courts more flexibility, set retention and filing-fee rules for wills, recognize electronic wills and other uniform-law concepts, and allow transfer-on-death designation for motor vehicles. A floor amendment removed inheritance-tax provisions and corrected technical issues; it was adopted, and the bill passed 35-1 after debate in favor from several senators and no substantive opposition. Senate Bill 191, creating the Kentucky Kindergarten Readiness Performance-based Child Care Incentive Pilot Program, was also amended and passed. The bill would establish a three-year pilot administered by the University of Kentucky College of Education, providing a one-time $2,000 per child incentive payment or refundable tax credit to child care providers and low-income families when children are assessed as kindergarten ready. A floor amendment clarified that the study and recommendations must comply with federal child care regulations; it was adopted, and the bill passed 35-1 after a senator changed a vote from no to yes. The Senate then recessed for Rules and Committee on Committees meetings, after which the rules committee posted additional bills to future orders and the committee on committees referred several bills and resolutions to standing committees. Several members also made announcements about upcoming committee meetings, a legislative breakfast, a fish fry, and condolences for a community member.

Transcript Highlights:

• So section five and 17 pertain to situations of course debt.
• :05:18.240> situations<00:05:18.639> of<00:05:18.880> course<00:05:19.199> debt
• pertain to situations of course debt. pertain to situations of course debt.

Bills: HF9

Keywords: energy policy, renewable energy standard, carbon-free standard, solar standard, hydroelectric, hydropower, electric utility, Public Utilities Commission, PUC, renewable portfolio standard, carbon capture and sequestration, CCS, greenhouse gas emissions, climate policy, nuclear power plant, certificate of need, fossil fuel plant demolition, utility compliance delay, beneficial electrification, sales tax exemption

Transcript Highlights:

• this property could then default on other obligations, be subject to collection, maybe they get in debt
• You simply get the loan and then You make a loan to somebody else, or you get in credit card debt, or
• Block, and myself, Representative Lujan, are here to let the Senate know that the House has signed a debt
• Thankfully, our budget won't put us too far in debt, and so our governor can ride off into the sunset

Bills: SB273, SB37, SB100

Keywords: SB273, appropriations, general fund, hold harmless, local government finance, municipal revenue, county revenue, correctional facility, jail contract, private prison, detention facility, immigration detention, revenue bonds, clawback, child welfare, juvenile justice, protective services, school improvement, New MexiCare, aging services

Transcript Highlights:

• Henderson, the first tranche of this $1.5 billion plan, the debt service would be paid for by the Prop
• Prop 123 would cover all three debt issuances over all three years. Mr. Chairman, Mr.
• of Prop 123 and the land trust, and based on the normal growth rate it could sustain covering the debt
• the distribution amount will grow at a rate of at least $30 million in '28 and '29 to service the debt

Keywords: 1182, all

Summary: The committee met to review the governor’s fiscal 2027 budget presentation, with the chair repeatedly asking members to keep questions brief and avoid speeches. The discussion focused first on the overall revenue and spending outlook, including concerns from members that the executive forecast was more optimistic than the JLBC baseline and that the budget appeared to front-load revenue and expenditure growth. The governor’s budget team said the forecast was close to JLBC’s, that the budget was structurally balanced, and that differences were roughly $100 million per year on ongoing revenue. Members asked for follow-up calculations in writing, including the total multi-year gap and the amount of revenue enhancements above base revenues. A major portion of the meeting centered on tax and fee proposals tied to data centers, water use, and sports betting. The governor’s team defended eliminating the existing data center tax incentive as the removal of a loophole rather than a new tax, arguing the incentive had already succeeded in attracting major investment. They also described a proposed Department of Water Resources fee-setting authority for data centers to support a new Colorado River Protection Fund, and said the proposal would apply to existing and future facilities without a grandfather clause. Members raised concerns about fairness, competitiveness, and whether the changes would require a supermajority vote. The team also discussed increased sports betting fees, saying the revenue forecast did not include dynamic behavioral effects. The committee then moved through major spending areas, including corrections, public safety, border security, cybersecurity, K-12 education, Medicaid, and developmental disabilities. The governor’s budget includes ongoing funding to prevent correctional officer pay cuts, money to comply with prison health care court orders, probation funding, body-worn cameras, law enforcement staffing, fentanyl task forces, and cyber readiness grants. Members questioned the lack of funding for a prison oversight committee and asked for corrections spending totals over the administration. On border security, the executive said it was seeking about $759.7 million in federal reimbursement for border-related costs and that the governor had met with federal officials, including Secretary Noem and Tom Homan, about the request. In education, the budget proposes renewing Prop. 123, adding K-12 base funding, and issuing $1.5 billion in school facilities bonds over three years; members debated whether the proposal was appropriate and whether Prop. 123 revenues could support the debt service. The meeting also covered AHCCCS cost growth and federal HR1 impacts, with the executive warning of major coverage losses and hospital funding reductions, and DDD funding, where the governor’s team said the budget fully funds services and includes about $120 million in supplemental needs. No votes were taken; the meeting was a presentation and question-and-answer session only.

Transcript Highlights:

• posted on social media that I've recently become unemployed, or that I am struggling with some medical debt
• Maybe there's a GoFundMe campaign that's public for some medical debt that I need to pay off.
• And so they will rack up debt and then file fraud.
• They were debt collectors, but scams, right? That's kind of what we used to see a lot.

Summary: The committee began with a work session on the Joint Legislative Audit and Review Committee’s cannabis market study, presented by JLARC staff member Susanna Pratt. The report found Washington’s cannabis production in 2023 was likely two to three times higher than retail sales, with production estimated at 292,000 to 443,000 pounds of THC versus 139,000 pounds sold. Pratt explained that canopy data are inconsistent and that the Liquor and Cannabis Board’s traceability system is incomplete and unreliable, limiting data-driven regulation, tax verification, recall tracking, and diversion enforcement. JLARC recommended that LCB submit a plan by the end of 2025 for obtaining accurate licensee data by the end of 2026; LCB partially concurred and said a 2027 timeline may be more realistic. JLARC also concluded that the social equity producer licenses would likely have only a minimal effect on statewide production capacity, and suggested the legislature consider broader ways to increase equity in the industry. Members asked about the slow issuance of social equity licenses and about comparable traceability systems in other states. The committee then heard a series of presentations on fraud and scam prevention. Paul Benda of the American Bankers Association described the scale of fraud losses, the role of telecom spoofing, social media scam ads, SIM farms, and crypto ATMs, and argued for a shared-responsibility approach involving banks, telecoms, and platforms. Katie Clark of IQ Credit Union described member-to-member fraud, romance scams, and the operational and financial impacts on credit unions, and recommended better information sharing, safe harbors for returning scam-related funds, and stronger fraud education. Kyle Innes of SIFMA highlighted investor fraud and Washington’s 2009 report-and-hold law, which he said helped shape similar protections in most states, and emphasized the need for better communication among financial firms, APS, and law enforcement. Brian Gerard and Ali Higgs from the Department of Financial Institutions discussed “pig butchering” and other investment scams, focusing on how scammers build trust through social media, dating apps, fake websites, and crypto schemes before extracting funds. Across the fraud presentations, witnesses repeatedly stressed consumer education, interagency information sharing, and stronger controls on telecom, social media, and crypto ATM activity. Members asked about model laws from other states, the role of financial education in schools, and whether crypto ATMs should be regulated or banned. No votes or formal committee actions were taken during the meeting.

Transcript Highlights:

• Actually, it is not insurance; it is actually a debt, essentially, that is being paid back to the Patient
• Actually, these are debts being paid back to the PCF.
• With this debt, we were actually undercharging—not just individual medical providers, independent clinics
• reimbursement rates, especially for doctors who are coming out of medical school, often with six figures in debt

Transcript Highlights:

• They are now in debt 1.3 million acre-feet, which is over six years behind schedule.
• Farmers are trying to claw their way out but they cannot pay their debts with losses.
• doesn't fall under this committee's jurisdiction, the farm community needs to be more vocal about the debt
• said, when it changes hands at a death, then the cost they can either have to sell or take on great debt

Keywords: agriculture, avian flu, bipartisan farm bill, economic challenges, poultry, dairy, specialty crops

Summary: The committee meeting focused on crucial discussions surrounding the challenges faced by the agriculture sector, particularly concerning avian flu and its impact on poultry and dairy producers. Members provided insights into the economic struggles within the industry, emphasizing the need for a new bipartisan farm bill that addresses the diverse needs of specialty crop and livestock producers. Witnesses from various agricultural sectors spoke about their experiences, illustrating the high costs, regulatory burdens, and emerging diseases that threaten their operations. The meeting underscored a commitment to exploring solutions that will help maintain market stability and ensure food security.