Video & Transcript : 'banking services' :
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KY
Kentucky 2026 Regular Session
Senate Legislative Session Day 60 (4-15-26) - Part 1
Kentucky Senate Floor Meeting
Transcript Highlights:
- </c><01:37:10.400><c> has</c> years of dedicated service has years of dedicated service has exemplified
- ,</c> her service, her service, wish<01:38:12.760><c> her</c><01:38:12.880><c> happiness,</c><01:38:13.520
- </c> appreciate your service to your country. appreciate your service to your country.
- </c> people because of your service here. people because of your service here.
- </c><02:48:13.520><c> is</c> and remember that public service is and remember that public service is
HI
Hawaii 2026 Regular Session
CPN DEFER, CPN-HOU, CPN, CPN-EDT Public Hearings 02-03-2026
Commerce and Consumer Protection
Transcript Highlights:
- </c><00:10:06.480><c> are</c> want to note that the uh banks are want to note that the uh banks are already
- banks.
- So anytime you see a bank that says First National Bank of whatever, that's a national bank chartered
- </c><01:16:40.400><c> court</c> providing um legal service court providing um legal service court appointing
- </c> appointing legal services to indigen appointing legal services to indigen tenants.<01:16:43.520>
Committee:
Senate Commerce and Consumer Protection
Summary:
The committees first took up SB 2071 on rent-to-own housing. Testimony was generally supportive from HHFDC and Hawaii Realtors, but Sierra Club of Hawaii and others opposed the bill unless it was amended to exclude ceded lands from the 99-year lease provision. Members discussed the scope of ceded versus non-ceded lands and whether an inventory exists. The committees ultimately recommended passage with amendments, including HHFDC’s proposal to make the fixed-price period flexible by tying it to an option period and Sierra Club’s language limiting the program to non-ceded state or county land.
They then heard SB 2191 on limited profit housing associations. HHFDC supported the measure, while the Tax Foundation of Hawaii and the Office of the Auditor urged caution about tax exclusions and asked for clearer, more targeted limits and measurable outcomes. The committees adopted amendments to add a statement of purpose, include measurable metrics, apply the tax provisions to taxable years beginning after December 31, 2025, and delay the effective date to allow for administrative changes. SB 2191 was recommended for passage with amendments.
The committees also considered SB 2197, which would have replaced the five-year fixed-price period in rent-to-own housing with an option period set by HHFDC, but deferred it indefinitely because its issues were addressed in SB 2071. SB 2180 on deposits of public funds drew comments from the Hawaii Bankers Association questioning definitions and noting banks are already subject to Community Reinvestment Act requirements; decision-making was deferred to the next day in the CPN committee and to a later date for the housing committee. Finally, SB 2210 on housing discrimination received support from disability advocates and the Hawaii Civil Rights Commission, which asked for one additional investigator; the committees passed it with amendments adding a blank appropriation for one full-time position and planned to notify Ways and Means for possible re-referral.
MA
Massachusetts 2025-2026 Regular Session
Informal House Session 60 Jun 24th, 2026
Massachusetts House Floor Meeting
Transcript Highlights:
- resolutions filed by Representative Decker of Cambridge, honoring Transition House on 50 years of service
- Finegold for legislation to establish a sick leave bank for Andrew Bartlett, an employee of the Department
- of Public Health, to the Committee on Public Service.
- being rightly and truly prepared for final passage: Senate 3031, an act establishing a sick leave bank
- for Stephanie Reve. 31, an act establishing a sick leave bank for Stephanie Rivera, an employee of the
KY
Kentucky 2026 Regular Session
Capital Projects and Bond Oversight Committee - (5-21-26) - Part 2
Transcript Highlights:
- Both of these are with the Finance and Administration Cabinet, Finance Facilities and Support Services
- ><c> support</c> cabinet, finance facilities and support cabinet, finance facilities and support services
- . services. services.
- , Services, Services, uh<00:02:38.280><c> the</c><00:02:38.480><c> Kentucky</c><00:02:38.959><c> History
- This will be a negotiated transaction with Bank of America as senior manager.
Summary:
The committee first discussed and approved a new airport-related project involving two 60-by-80 corporate hangars. Members asked about how the project would generate revenue, and staff explained that hangar rent and fuel sales would help repay the costs, with more than half of the funding coming from the FAA. The project was approved by roll call vote.
The committee then approved two large capital pool projects: a $1,715,120 roof replacement and skylight project for the Libraries and Archives building in Frankfort, and a $2,105,400 exterior renovation project for several state buildings, including Health and Family Services, the Kentucky History Center, and the State Office Building. After that, the Kentucky Infrastructure Authority presented one loan increase and five grant reallocations. The loan increase was for Springfield’s wastewater treatment plant project, rising by $262,300 to just over $2.88 million because bids came in higher than estimated. Members asked about the delay between approval and bidding, and staff explained the design, environmental review, and state approval process can take one to two years. The committee approved the six action items, and then received informational updates on additional water projects that required no action.
The Cabinet for Economic Development next presented one forgivable loan and 11 KPDI/KPDI EDF grant projects. The loan was a $1 million forgivable loan for the Perry County Economic Development Board to acquire the Coalfields Industrial Building, with repayment forgivable if a project creates at least 75 jobs. The grant projects included site-readiness and industrial development work in Pendleton, Elizabethtown/Hardin, McCreary, Floyd, Marion, Fleming, Graves, Eddyville/Lyon, Caldwell, Mercer, and Johnson counties. Members asked how local match percentages are set and were told they are based on county population and updated every two years; staff also explained that beneficiaries usually provide the match and are reimbursed after submitting costs. The committee approved the action items.
Finally, the Office of Financial Management presented two new debt issues and three SFCC debt issues. The new debt items were a Kentucky Housing Corporation bond authorization of up to $600 million for single-family mortgage revenue bonds, including a $100 million initial transaction, and a $5.5 million multifamily conduit bond for 98 apartments in Lexington. Informational items covered University of Kentucky refunding bonds and Turnpike Authority refunding bonds, both of which produced savings. The three SFCC debt issues for Campbell, Edmonson, and Perry counties were then approved by roll call vote. The meeting ended with brief discussion of the upcoming calendar and scheduling before adjournment.
WA
Washington 2025-2026 Regular Session
Senate Environment, Energy & Technology Feb 18th, 2026
Transcript Highlights:
- Ranking Member Banking, thanks for bringing this forward. Thanks, Madam Chair.
- Good morning, Madam Chair and Ranking Member Banke.
- Services.
- Services.
- Pierce County Human Services, Nahomish County Human Services, the rest of the state is served through
Summary:
The committee first waived the five-day notice rule for several House bills, then took up public hearings on HB 2426, HB 1742, HB 2215, HB 2575, HB 1903, and HB 2606. HB 2426 would allow the Pollution Control Hearings Board, with party consent and board approval, to hear permit appeals in alternative smaller compositions to improve efficiency; the sponsor and supporters from Greater Grays Harbor and FutureWise said it would speed up reviews without harming environmental protections, while the bill was described as cost-neutral. HB 1742 would create a Center for Environmentally Sustainable Urban Design at Ecology to promote sustainable building and design competitions; the sponsor emphasized regenerative, biophilic design and a proposed showcase project, and the bill was presented as budget-neutral through outside funding, though the fiscal note was still pending.
HB 2215 would tighten Climate Commitment Act compliance for certain newer fuel suppliers by lowering the emissions threshold for post-2023 suppliers, exempt lubricants, and add procurement and transparency requirements. The sponsor said the bill targets “paper distributors” and loopholes used to avoid coverage; Ecology supported closing the loophole but raised concerns about reporting thresholds, implementation, staffing, and rulemaking. Testimony was mixed: the propane association and Washington Oil Marketers Association were concerned about the two-tier threshold and urged stronger upstream enforcement instead, while Climate Solutions and Washington Conservation Action supported the bill as a way to prevent gaming and strengthen climate policy. HB 2575 would reduce several environmental and energy reporting obligations, including less frequent utility reporting under the Energy Independence Act and state energy strategy updates; Commerce and the sponsor said the changes would reduce duplicative reporting and save money, while preserving core protections and oversight.
HB 1903 would establish a statewide low-income energy assistance program in the Department of Commerce, phased in by 2027, to supplement existing utility programs and target households with the greatest energy burden. The sponsor and many advocates described the bill as an affordability measure to address a large unmet need, while community action agencies, utilities, and rural representatives supported the goal but asked for clearer language on voluntary utility participation, funding sources, allocation formulas, and how the program would interact with existing utility and weatherization efforts. Several speakers stressed that the program should not replace local assistance and should be designed to avoid shifting costs onto ratepayers. HB 2606 would update the Office of Privacy and Data Protection’s duties and reporting requirements, including adding review of agency AI projects and aligning the office’s work with JLARC recommendations; the chief privacy officer testified in support, explaining that the bill would formalize AI risk review, human oversight, and existing privacy/security review processes, with no fiscal impact. No votes were taken on the bills during the hearing.
CA
California 2025-2026 Regular Session
Joint Hearing Assembly Economic Development, Growth, and Household Impact Committee and Assembly Agriculture Committee Oct 24th, 2025
Transcript Highlights:
- Funding for emergency food, including food banks, totals another $160 million.
- Funding for emergency food, including food banks, totals another $160 million.
- our region so that we can deliver services regardless of need.
- I am with the Central California Food Bank.
- And I, of course, am representing…” “Central California Food Bank.
Summary:
The joint informational hearing of the Assembly Committees on Economic Development, Growth, and Household Impact and Agriculture, held at Fresno State, focused on cost pressures in California’s food system, household affordability, and the Central Valley’s role in agriculture. Opening remarks emphasized Fresno State’s regional importance, the Central Valley’s outsized contribution to food production, and the connection between agricultural health, food security, and the broader economy. Members also noted the impact of the federal shutdown on CalFresh benefits and the state’s efforts to respond with food assistance funding and National Guard support for food banks.
The first panel featured academic and policy experts who described agriculture’s economic importance in the San Joaquin Valley and the rising pressures on farms and households. Dr. Conduro highlighted agriculture’s large share of regional GDP, farm receipts, jobs, exports, and food manufacturing, while identifying water scarcity, SGMA-related land fallowing, labor shortages and rising labor costs, market volatility, invasive pests, and production cost inflation as major barriers. Caroline Danielson of PPIC said food prices remain about 30% above 2019 levels, food insecurity affects about 1.8 million California households, and nutrition programs such as CalFresh, WIC, and school meals are essential in reducing poverty, especially in the Central Valley. Susie Pryor of the Central California Small Business Development Center described technical assistance, capital access, and training for small food and farm businesses, while warning that reduced funding limits support for rural and immigrant entrepreneurs.
The second panel brought testimony from a small produce business owner, a food entrepreneur, and the Fresno County Farm Bureau. They said input costs for fertilizer, fuel, irrigation, labor, land leases, and compliance have risen sharply while commodity prices have remained flat or fallen, squeezing small farms and food businesses. Panelists stressed the need for small-batch processing facilities, local supply chains, education on food manufacturing compliance, land access for small farmers, and more pathways into agriculture through trade programs, community colleges, and FFA. Ryan Jacobson said California agriculture is facing a prolonged downturn, with farm bankruptcies, weak commodity prices, export-market uncertainty, water reliability problems, and costly ag-burning rules all contributing to financial strain. No formal votes or legislative actions were taken; the hearing was informational and concluded with discussion of possible policy solutions and continued engagement with stakeholders.
KY
Kentucky 2025 Regular Session
House Standing Committee BR Sub on General Government (2-27-25)
Transcript Highlights:
- the things that I think I’m most proud of: the investments that you all have made, our Farms to Food Bank
- </c><00:01:50.240><c> Farms</c><00:01:50.560><c> to</c><00:01:50.719><c> Food</c><00:01:50.920><c> Bank
- funds and the uh our Farms to Food Bank funds and the program<00:01:52.200><c> that</c><00:01:52.320
- That’s one thing that people don’t realize is that a lot of the folks that utilize our food banks in
- in the state that utilize our food banks in the state of<00:02:13.080><c> Kentucky</c><00:02:13.480>
Summary:
The House Budget Review Subcommittee on General Government met with Commissioner of Agriculture Jonathan Shell to discuss the Department of Agriculture’s current budget priorities and the impact of recent legislative investments. Shell praised funding for the Farms to Food Bank program, saying it helps food banks serve Kentuckians, especially seniors, while also supporting farmers. He also highlighted County Fair Grant funding, noting a $250,000 increase helped finance a record nine county fair projects, and he described the Raising Hope rural mental health, suicide prevention, and farm safety program as life-saving, citing one event in Owensboro where 14 people were sent to the hospital after health screenings.
Shell also addressed emergency preparedness and bird flu response, saying the department’s Division of Emergency Preparedness and Response is working effectively and that Kentucky has not had affected commercial or backyard flocks, only some wild geese cases. He discussed federal efforts to address egg prices and avian influenza, including biosecurity, farmer relief, and research funding, and said he expects those actions to affect prices in the coming months. He also urged the committee to codify Senate Bill 28 and referenced House Joint Resolution 371, which he said would allow the department to retain $5 million for rural economic development efforts aimed at attracting processors and other large-scale operations.
In response to questions from Representative Hart, Shell said the department’s disaster role is mainly to coordinate response plans and identify agricultural needs for state and federal relief, rather than provide direct relief funding itself. He said recent flooding in Eastern Kentucky has mainly affected hay supplies for livestock producers, and that the department is working with the Cattlemen’s Association and UK Extension to locate affected farmers and secure hay donations. Shell closed by asking for continued support for agriculture economic development and for improved staff recruitment and retention, saying the department struggles to compete with other state agencies for employees. The meeting ended with thanks and adjournment, with the next meeting announced for the following Thursday.
US
US Federal 2025-2026 Regular Session
US House Floor Proceedings (Thursday, March 19, 2026)
US Federal House Floor Meeting
Transcript Highlights:
- </c> acknowledge the total of 13 service acknowledge the total of 13 service members<01:37:50.639><c>
- Speaker, I rise today in honor of all 13 service members who have died in service in the last couple
- Speaker, I rise today in honor of all 13 service members who have died in service in the last couple
- </c><01:45:10.480><c> to</c> profound gratitude for her service to profound gratitude for her service
- </c> materious uh service medal, and more. materious uh service medal, and more.
CA
California 2025-2026 Regular Session
Assembly Judiciary Committee Apr 21st, 2026
Transcript Highlights:
- The federal government sets bank holidays.
- And other than bank holidays, banks and credit unions must have their doors wide open so customers can
- Our servicer members service loans for third-party mortgage investors.
- Bay; and Jewish Family Services.
- Jewish Family Services of Los Angeles; Jewish Family Services of San Diego; Jewish Family Services of
Summary:
The committee heard several bills, with most of the discussion focused on public safety, consumer protection, and youth harms. AB 1557 by Assemblymember Papin would clarify e-bike motor power limits and set lower speed-related standards for Class 1 and 2 e-bikes. Supporters, including the California Police Chiefs Association, cities, the California Medical Association, and the American Academy of Pediatrics, argued the bill would reduce severe injuries and deaths among young riders. Opponents from People for Bikes warned it could conflict with federal law, create legal uncertainty, and disrupt the bicycle market. The author and committee members acknowledged industry concerns and urged continued work on the bill.
AB 1770 by Assemblymember Garcia would place large health care service plan arbitration under California Department of Justice oversight and require compliance with the California Arbitration Act. Supporters described cases where patients were forced into private arbitration with little transparency or accountability, arguing the bill would make the process fairer and more neutral. Kaiser Permanente and the Civil Justice Association of California said they were still reviewing amendments and had not settled on a final position. Committee members expressed sympathy for the personal stories shared and encouraged continued negotiations.
The committee also heard AB 2075, which would require fire suppression equipment to be kept closer at hand during brush work, and AB 1864, which would require screening of gene synthesis orders to prevent misuse for bioterrorism. AB 2075 was presented as a response to a Ventura County wildfire, with support from the Ventura County District Attorney’s office and no opposition heard. AB 1864 was backed by the author, Stanford biosecurity expert Dr. Milana Trout, and Encode AI, while Biocom opposed unless amended and California Life Sciences remained neutral. Members discussed implementation details and the role of the Department of Public Health.
A major portion of the hearing was devoted to AB 1709, which would set a minimum age of 16 for social media accounts on platforms with harmful features and create an e-safety advisory commission. Supporters, including youth advocates, parents, medical groups, and Common Sense Media, said addictive design features are harming children’s mental health and safety. Opponents, including EFF, the ACLU, TechNet, and other civil liberties and industry groups, argued the bill is overbroad, raises First Amendment and privacy concerns, and could limit access to important online communities. Despite those objections, the bill was moved forward after committee discussion, with members emphasizing the need to protect children while continuing to work on carveouts and implementation details.
AL
Alabama 2025 Regular Session
Alabama Joint Reentry Committee Mar 20th, 2025
Transcript Highlights:
- Um, and then the last piece is around expanding job support services to individuals and... support services
- To be able to provide those services to all who are in need... provide those services to all who are
- So because of that, these folks are going to be the most likely to need that service.
- So... most likely to need that service.
- account. controlling their bank account.
KY
Kentucky 2026 Regular Session
Senate Standing Committee on Banking and Insurance. (3-17-26)
Banking & Insurance
Transcript Highlights:
- I'm going to let my banking and insurance go next if you don't care, Representative Heavey, because I
- </c><00:04:35.320><c> and</c><00:04:35.440><c> insurance</c> let my banking and insurance let my banking
- </c> of hearing aids and related services of hearing aids and related services that<00:09:16.080><c>
- </c><00:09:21.600><c> under</c><00:09:21.800><c> the</c> hearing aid related services under the hearing
- aid related services under the state<00:09:22.120><c> employee</c><00:09:22.440><c> health</c><00:09
Committee:
Senate Banking & Insurance
MA
Massachusetts 2025-2026 Regular Session
Joint Committee on Ways and Means Jun 21st, 2026 at 11:00 am
Joint Committee on Ways and Means
Transcript Highlights:
- to services by 50%.
- banks across the Commonwealth.
- Most organizations provide one service, either policy, advocacy, or direct service.
- services.
- DMH services.
Committee:
Joint Joint Committee on Ways and Means
Summary:
The Joint Ways and Means Committee held its final public hearing on the FY26 state budget, with chairs and members emphasizing that public testimony would help shape the budget and asking speakers to keep remarks brief. Committee leaders introduced members, explained the hearing process, and repeatedly thanked residents, students, and advocates for participating. No votes were taken during the hearing.
Testimony focused heavily on education funding and the Chapter 70 formula. Students from Amherst, Northampton, Gateway Regional, Chester Elementary, and other districts described budget-driven cuts to electives, special education supports, paraprofessionals, counselors, transportation, and building maintenance. They urged higher Chapter 70 aid, increased minimum aid, rural school aid, and a reopening or restructuring of the funding formula, arguing that current formulas leave many districts unable to meet student needs and force local layoffs and overrides.
Other speakers urged funding or protection for a range of programs and facilities, including the Louis D. Brown Peace Institute for homicide survivor services, the Museum of African American History, the Massachusetts Commission for the Deaf and Hard of Hearing and CART/interpreter services, the Access to Counsel housing legal aid program, the Department of Mental Health and Pocasset Mental Health Center, and Pappas Rehabilitation Hospital for Children. One speaker opposed offshore wind-related spending and urged a reset of the state’s energy approach, while another advocated ending the aircraft sales tax exemption. Committee members responded sympathetically to many speakers, asked a few follow-up questions, and several expressed support for maintaining or expanding the programs discussed.
MN
Minnesota 2025-2026 Regular Session
Committee on Jobs and Economic Development - 03/03/25
Jobs and Economic Development
Transcript Highlights:
- </c><00:35:14.560><c> was</c> have new owners coming in the bank was have new owners coming in the bank
- </c> that that loan Capital behind the bank that that loan Capital behind the bank to<00:35:27.040><c
- </c><00:35:32.400><c> will</c> have a good track record the bank will have a good track record the bank
- </c><00:35:35.880><c> together</c> of kind of how we put Services together of kind of how we put Services
- </c> people kind of into mainstream banking people kind of into mainstream banking any<00:35:42.839><
Committee:
Senate Jobs and Economic Development
WA
Washington 2025-2026 Regular Session
Senate State Government, Tribal Affairs & Elections Jan 20th, 2026 at 01:30 pm
State Government, Tribal Affairs & Elections
Transcript Highlights:
- Seeing none, welcome Senator Banke. Thank you, Mr.
- Thank you, Senator Banke. Any questions for the prime sponsor?
- Seeing none, welcome Senator Banke. Thank you, Mr.
- Thank you, Senator Banking. Any questions for the prime sponsor?
- I want to thank you for public service. My time is up. Thank you, Mr. Chair.
Keywords:
SB 6081, Washington privacy, sex designation, gender marker, nonbinary, transgender, vital records, birth certificate, death certificate, fetal death, stillbirth, driver license, ID card, Department of Licensing, public records exemption, confidential records, record sealing, data sharing, government records, privacy
WA
Washington 2025-2026 Regular Session
Senate Environment, Energy & Technology Dec 5th, 2025
Transcript Highlights:
- Senator Banke. Thank you, Madam Chair. Thanks for the presentation.
- With that fantastic constituent services, I thank you.
- Are they able to bank allowances into the next compliance period? Yes. Okay.
- Senator Banke. Thank you, Madam Chair.
- services over the years.
Summary:
The committee held a work session covering PFAS regulation and impacts, no-cost allowance allocation for emissions-intensive trade-exposed industries (EITEs), and regional resource adequacy and data center load growth. Senator Victoria Hunt was welcomed as a new member. The Department of Ecology reviewed Washington’s Safer Products for Washington PFAS work, including completed restrictions on PFAS in outdoor furniture, carpets, rugs, stain/water-resistant treatments, and newer rules adopted in November restricting PFAS in most apparel, cleaning products, and automotive washes, with reporting requirements for some other products such as cookware and firefighting gear. Ecology also described Cycle 2 PFAS reviews now underway, including artificial turf and paints, and answered questions about compliance, online sales, sell-through periods, and how Washington’s approach differs from broader bans in states like Maine and Minnesota. The Department of Ecology also presented on PFAS in biosolids, describing a 2024 sampling study, limitations in testing methods, and a 2025 statutory amendment requiring additional sampling between 2027 and 2028 and a report to the legislature in 2029. The Department of Health then updated the committee on PFAS in drinking water, reporting that most Group A public water systems have completed sampling, that 317 sources and 188 systems are expected to exceed new contaminant levels, and that treatment costs for public systems are estimated at about $970 million, leaving a large funding gap; members also asked about private wells, health effects, bathing exposure, and home filters. The Board of Health’s new state action levels are being aligned with federal MCLs, and the department said it expects to continue monitoring and notification under state rules. Ecology also briefed the committee on no-cost allowance allocations to EITEs under the Climate Commitment Act, explaining the leakage-mitigation rationale, the current allocation schedule through 2034, and a forthcoming report on policy options for 2035-2050; members asked about industry barriers, competitiveness, and whether facilities might leave the state. Finally, E3 presented a regional resource adequacy study showing rising load, retirements outpacing additions, limited winter reliability value from wind, solar, and batteries, and a projected shortfall beginning in 2026 that could grow to about 9,000 MW by 2030 if planned projects are not built. The presentation emphasized winter cold-weather events, hydro variability, the importance of permitting and transmission, and longer-term options including nuclear, geothermal, hydrogen, carbon capture, and long-duration storage. EPRI then introduced its DC Flex initiative, which is studying how data centers can provide flexible load through workload shifting, cooling optimization, and on-site backup or bridging resources to reduce grid stress and protect ratepayers.
KY
Kentucky 2026 Regular Session
House Legislative Session Day 8 (1-15-26)
Kentucky House Floor Meeting
Transcript Highlights:
- The Health Services Committee has met and report the following.
- </c> Cabinet for Health and Family Services Cabinet for Health and Family Services to<00:12:58.320><c
- </c><00:13:07.279><c> to</c> Medicare and Medicaid Services to Medicare and Medicaid Services to implement
- House Bill 393, an act relating to services for Alzheimer's and related dementias.
- /c><00:23:25.840><c> House</c><00:23:26.559><c> Bill</c> to banking and insurance, House Bill to banking
WA
Washington 2025-2026 Regular Session
Select Committee on Pension Policy Nov 18th, 2025 at 10:00 am
Select Committee on Pension Policy
Transcript Highlights:
- The Information Services Division supports the existing legacy system.
- And we did lose Senator Banke at some point. Did we lose a quorum when we lost Senator Banke? No.
- Did we lose a quorum when we lost Senator Banke? No, okay. Just checking.
- Senator Banke: excused. Director Chapman C.: excused. Senator Conway: aye.
- Campbell, and thank you for your service. John Lawson. This is John Lawson.
Committee:
Joint Select Committee on Pension Policy
Summary:
The committee approved the October minutes and received an update from the State Investment Board. David Schumacher described the board’s structure, its fiduciary mission to maximize return at prudent risk, the mix of funds it manages, and the factors behind its long-term performance, including broad diversification, low fees, and a long-term investment approach. Members asked about rankings, the board’s independence, climate/ESG considerations, and whether political divestment pressures affect investment decisions; Schumacher said decisions remain grounded in fiduciary duty and financial risk.
The Department of Retirement Systems annual report followed. Director Catherine Leathers reviewed membership, contributions, benefit payments, the Deferred Compensation Program, employer partners, and the economic impact of pension payments across counties and legislative districts. She also highlighted staffing and training needs, improved call wait times and benefit estimate turnaround after legislative funding, cybersecurity upgrades, and the CorePAM pension administration modernization project, which is being paid from the trust fund as an administrative cost. Members asked about inactive accounts, and Leathers said DRS works to locate missing members and return benefits, including through a new link from the Department of Revenue website.
The committee then closed out its study of the Left One system. Staff presented options ranging from no recommendation to recommending either the restatement/termination bill or the merger bill, with or without policy changes. After discussion, the committee first failed to reach 11 votes for a no-recommendation motion, then adopted a revised motion to submit the report without recommending either bill but also to request future analysis that disaggregates policy choices, including COLA-related impacts. The committee next heard a briefing on an ad hoc COLA for PERS/TRS Plan 1 retirees and adopted a motion to send a letter supporting the one-time COLA policy in HB 1474 or a similar Senate bill. Finally, staff briefed the committee on the month-of-death bill, which would end proration of pension payments in the month a retiree dies; no action was taken. Public testimony largely focused on support for an ad hoc or ongoing COLA for Plan 1 retirees, with some speakers urging the committee to back SB 5085 and others emphasizing the need for a bridge policy while a permanent solution is developed.
CA
California 2025-2026 Regular Session
Assembly Banking and Finance Committee May 5th, 2025
Banking and Finance
Transcript Highlights:
- The Assembly Banking and Finance Committee is now called to order.
- Thank you; we like to be as efficient as possible in banking and finance.
- settlement as an appointed member. of the CFPB's Consumer Advisory Board and is a lender at a fintech bank
- with their lender directly, and their credit report often gets wrecked along the way too with these services
- The Assembly Banking and Finance Committee is adjourned.
Committee:
House Banking and Finance
WA
Washington 2025-2026 Regular Session
Senate Environment, Energy & Technology Jan 23rd, 2026
Transcript Highlights:
- . 518210, which includes data processing, hosting, and related services.
- service to other ratepayers.
- It requires a data center that seeks electricity service or is already receiving service to agree to
- Senator Banking, thank you, Madam Chair. Great update. Complicated bill.
- Good morning, Chair Schumake, Ranking Member Banke, and members of the committee.
Summary:
The committee first met in executive session on Senate Bill 5941, which would exempt certain school districts from a Washington State Energy Code requirement for onsite renewable energy systems on large new commercial buildings or additions. The committee adopted Senator Short’s amendment narrowing the eligible school district definition from 1,000 or fewer students to 500 or fewer students, then approved the bill as amended and sent it to the Rules Committee with a do pass recommendation.
The committee then held a public hearing on Senate Bill 6171, a proposed substitute addressing emerging large energy use facilities, primarily data centers. Staff explained that the bill would require utilities serving such facilities to adopt tariffs or policies to protect other ratepayers, require long-term contracts and full cost recovery, allow curtailment during emergencies, add reporting and sustainability requirements, create a fee to fund energy assistance, weatherization, and higher education programs, and impose new clean energy and labor-related requirements. The prime sponsor said the bill is intended to protect affordability, reliability, transparency, and the public interest as data center demand grows.
Testimony was mixed. Supporters, including community action groups, environmental organizations, some utilities, Ecology, and student representatives, argued the bill would prevent cost shifting, improve transparency, support low-income energy assistance, and help manage grid and climate impacts. Opponents, including data center representatives, public utility district and business groups, and some local government and port officials, said the bill was too prescriptive, could raise costs, threaten competitiveness, duplicate existing utility practices, and interfere with existing CCA/CETA provisions and local flexibility. No vote was taken on SB 6171 during the hearing, and the meeting adjourned after public testimony.
MA
Massachusetts 2025-2026 Regular Session
Informal House Session 60 Jun 24th, 2026
Massachusetts House Floor Meeting
Transcript Highlights:
- resolutions filed by Representative Decker of Cambridge honoring Transition House on 50 years of service
- Finegold for legislation to establish a sick leave bank for Andrew Bartlett, an employee of the Department
- of Public Health, to the Committee on Public Service.
- being rightly and truly prepared for final passage: Senate 3031, an act establishing a sick leave bank
- House 31, an act establishing a sick leave bank for Stephanie Rivera, an employee of the Worcester County
Summary:
The House opened with the Pledge of Allegiance and then received a gubernatorial message recommending fiscal year 2027 appropriations legislation, which was referred to the Committee on Ways and Means. The Committee on Rules reported and the House adopted a resolution honoring Transition House on its 50 years of service to survivors of domestic violence and their families. The House also suspended Joint Rule 12 for two filed petitions: one concerning vacancies on the Groton-Dunstable School Committee and another establishing a sick leave bank for an employee of the Department of Public Health.
The House then took up several engrossed bills and emergency preambles, including Senate 2908 and Senate 3031/House 31, both of which received the required separate emergency preamble votes and were adopted 5-0. The chamber also passed to enactment House 4203 and House 4204, both relating to the election of candidates in Haverhill, and House 5096, which extends the period for Southbridge to grant additional on-premises alcohol licenses.
Later, the House concurred in a Senate amendment to House 4137 authorizing Wayland to establish a Millennium Fund for the Whalen Free Public Library. It also adopted an amendment substituting House 5531 for House 4614 concerning James J. O'Neill Park, and then passed the bill to be engrossed as amended. The session included a citation recognizing the Sandwich High School Lady Blue Knights girls varsity lacrosse team as 2026 MIAA Division IV-A state champions, with remarks spread upon the record. The House adopted an order to meet the next day at 11 a.m. and then adjourned to an informal session.