Transcript Highlights:

• Department of Corrections.
• ... for the department... for the department... explanation on G1.
• Department of Corrections.
• for the department for the department Senator, has the medical contract for the department increased
• And then the residence cash treasury is moving to the inmate welfare treasury cash and non-tax revenue

Committee: All JOINT BUDGET COMMITTEE

Transcript Highlights:

• Department of Treasury.
• It doesn't apply to things like algorithmic stable coins, which there is a Department of Treasury study
• </c><01:55:09.679><c> of</c><01:55:09.920><c> Treasury</c> which there is a Department of Treasury which
• We just submitted a letter to the Department of Treasury at the Digital Chamber on what that entails.
• of Treasury at the letter to Department of Treasury at the digital<01:57:00.320><c> chamber</c><01:57

Summary: The commission met on November 12 and first approved the September 17 and October 15 draft minutes unanimously after brief discussion. Members also identified themselves for the record, including a new member from Bumpsk Bank, a staff attorney from the Secretary of State’s Bureau of Securities Regulation, a prior crypto commission participant, and a uniform law commissioner involved in tokenization projects. The main presentation was by UNH law professor Seth Orinberg, who discussed the federal GENIUS Act and the pending Clarity Act and how they affect New Hampshire’s options in the digital asset space. He described the GENIUS Act as governing payment stablecoins/stable tokens, defining them as blockchain-based assets used primarily for payments, redeemable for a fixed amount of national currency, and required to maintain stable value. He said the law creates three possible state roles: hosting federally qualified issuers, becoming a state qualifier for issuers up to a $10 billion threshold, or exploring state-backed issuance as a sovereign. He noted that the state-qualification path would require conforming legislation, examination capacity, and coordination with Treasury, while the sovereign-issuer theory is legally uncertain and may become a test case. Orinberg also outlined the core compliance framework he said applies to covered issuers: 100% reserve backing in high-quality liquid assets, monthly public reserve reporting, no yield or interest-like rewards, segregation of reserve assets, immediate redemption at face value, and anti-money-laundering/know-your-customer obligations. He then turned to the Clarity Act, describing it as a broader market-structure bill that would create categories such as digital asset, digital commodity, digital security, and ancillary asset, with self-certification procedures for issuers. He said the two federal laws together would separate payments from investments, preempt inconsistent state standards for covered payment stablecoins, and likely reshape the boundaries of state authority over digital assets.

Transcript Highlights:

• This concludes my presentation for the State Treasury.
• Probably the biggest change you've seen in the Department of Treasury in the last... ...they consider
• Probably the biggest change you've seen in the Department of Treasury in the last eight months or so
• I hope to work with your department closely on this.
• the department simply contracts out certain services.

Committee: House Appropriations

Summary: The committee first heard the House Fiscal Division’s FY 2027 budget presentations for the State Treasury, Public Service Commission, Department of Civil Service, and Department of Agriculture and Forestry. Treasury’s recommended budget was about $15 million with 74 positions, funded largely by self-generated revenue. Treasury staff highlighted strong investment returns, record unclaimed property recoveries, a new ACH option to speed and reduce the cost of payments, a School Transparency portal that helped uncover questionable school spending, and a new online portal that has sped up processing of cooperative endeavor agreements and related payments. Members praised the transparency work and faster payments, and asked about bond ratings, CEA oversight, and the public accessibility of the transparency site. The Public Service Commission’s FY 2027 budget was presented at $11.5 million, entirely self-generated, with most spending on personnel; commissioners said salary and market adjustments were needed to address heavy attorney and auditor turnover. Civil Service’s FY 2027 budget was presented at $28.7 million, with major funding from interagency transfers and general fund, and officials explained recent pay-plan and special entrance rate changes intended to improve recruitment and retention across state agencies. Members asked how those compensation changes were developed and whether market studies supported them. The Agriculture and Forestry budget was presented at $91.4 million, with major funding from statutory dedications, general fund, and federal dollars, and the commissioner described severe pressure on farmers from low commodity prices, drought, freezes, wildfires, storm damage, and labor shortages. The Agriculture and Forestry discussion was the longest and most detailed. The commissioner said the state is working to expand markets, reduce costs, and help farmers through federal assistance, while also seeking more equipment and fuel for wildfire response after a severe fire weekend and ongoing drought conditions. Members raised concerns about storm-damaged timber, soil and water conservation funding, and the loss of federal dollars that depend on local technicians. The commissioner explained the wildfire suppression subfund, the role of severance taxes, and the limits of current firefighting equipment and staffing. He also discussed the seafood sector, especially shrimp and crawfish, saying imported seafood, currency changes, tariffs, and H-2B worker shortages are hurting Louisiana producers and processors. He said the department is testing imported seafood for antibiotics, wants more authority to hold contaminated product, and is pursuing legislation to support seafood promotion and testing. Members also asked about wood chips, rail transport, timber severance reporting, and incentives for wood pellet use, and the commissioner said the department is exploring new markets, including overseas buyers for wood and agricultural products. No formal votes or bill actions were taken in the portion provided; the meeting consisted of budget presentations, agency testimony, and member questions and comments. The tone throughout was supportive of the agencies’ work, with repeated praise for Treasury’s transparency efforts, Civil Service’s compensation reforms, and Agriculture and Forestry’s advocacy for farmers, foresters, and seafood producers.

Transcript Highlights:

• Specifically, cash, insured bank deposits, and short-term Treasury bills.
• Treasuries, is something we should be encouraging.
• This amendment enables the Treasury Department to sanction the crypto-mixing services that are used by
• This amendment would require the Treasury Department to assess. assess the impact of the GENIUS Act on
• If the Treasury Department finds, after five years, that the GENIUS Act has had a negative impact, the

Bills: SB875

Committee: Senate Banking, Housing, and Urban Affairs Committee

Keywords: banking regulation, federal agencies, reputational risk, financial services, supervision, FIRM Act, bank supervision, depository institutions, federal banking agencies, FDIC, OCC, Federal Reserve, NCUA, CFPB, credit unions, Operation Choke Point, financial discrimination, safety and soundness, supervisory guidance, examination manual

Summary: This meeting focused on the markup of the Genius Act and the FIRM Act, two significant pieces of legislation addressing stablecoin regulation and the financial industry's regulatory framework. The Chairman noted the importance of providing clarity to the digital asset community and protecting American consumers, while also promoting innovation and competition within the financial sector. Members of both parties expressed varying viewpoints, with some highlighting concerns related to national security and the potential risks associated with stablecoins.

Transcript Highlights:

• So 3C is from the Department of Culture, Recreation and Tourism.
• So Treasury and J.P. Morgan worked with LDH.
• of State Treasury.
• They couldn't combine Treasury and the Department of Health.
• Second. 3G is from the Louisiana Department of Justice.

Summary: The committee approved the minutes from the September 3, 2025 meeting and then considered a series of banking and account requests from state agencies. Most items involved opening new zero-balance or operating accounts, transferring existing accounts, or changing banks to improve payment processing, accessibility, or reduce fees. Agencies included the Department of Conservation and Energy, Department of Culture, Recreation and Tourism, Department of Health, Department of Justice, and Department of Public Safety and Corrections. Several Department of Health requests were approved, including new accounts for federal wire transfers, the state’s online interpreter registry, and Safe Drinking Water Program application fees. Members also approved a transfer of a resident funds fiduciary account from J.P. Morgan to Red River Bank because of policy changes affecting debit card use. The Department of Justice received approval to close a Regions Bank account and move to LaCap Federal Credit Union due to much lower monthly fees, and Public Safety and Corrections was approved to open an operating account for a new motor vehicle field office at Fort Polk. The committee also approved an escrow account for the Louisiana Evidence Control Unit under Public Safety Services to collect and settle seized evidentiary funds not pending forfeiture. After no further business, the meeting adjourned.

Transcript Highlights:

• So, Treasury and J.P. Morgan worked with LDH.
• of State Treasury.
• and the Department of Health.
• The wire has to be submitted in the agency's name, not combined with Treasury and the Department of Health
• Second. 3G is from the Louisiana Department of Justice.

Summary: The committee approved the minutes from the September 3, 2025 meeting and then considered a series of banking and account requests from state agencies. Most items involved opening new accounts or transferring existing accounts to different financial institutions to improve payment processing, accessibility, or reduce fees. These included requests from the Department of Conservation and Energy for a new ZBA account at J.P. Morgan Chase and acceptance of a transferred Hancock Whitney account; the Department of Culture, Recreation and Tourism for a new W.R. Irby Trust account at Gulf Coast Bank; and several Department of Health requests for new J.P. Morgan accounts to handle federal wire draws, interpreter registry deposits, and Safe Drinking Water Program credit card payments. Members asked questions on the Department of Health wire-transfer item, and staff explained that the new account was needed because federal same-day wire transfers could not be submitted in a combined Treasury/agency name format and had been rejected under the prior setup. The Department of Justice received approval to close a Regions Bank account and move to LaCap Federal Credit Union because of lower fees. The Department of Public Safety and Corrections was approved to open an operating account for a new motor vehicle field office at Fort Polk, and the Department of Health’s Central Louisiana Supports and Services Center was approved to move a resident funds fiduciary account from J.P. Morgan to Red River Bank due to policy changes affecting debit card use. The committee also approved an escrow account for the Louisiana Evidence Control Unit under Public Safety Services to collect and settle seized evidentiary funds not pending forfeiture, with monthly reconciliation by financial services. After completing the agenda, the committee took no further business and adjourned.

Transcript Highlights:

• Even BlackRock now holds over $2 billion in tokenized treasury bonds and tokenized treasury securities
• Because those reserves must include Treasuries, it creates a number of reserves.
• As I mentioned previously, they're backed one to one by dollars or Treasuries.
• Treasuries, which are some of the most safe and resistant...
• They're held in treasuries and oftentimes low-risk bonds.

Summary: The Assembly Banking and Finance Committee held an informational hearing on digital asset innovation, with opening remarks framing cryptocurrencies, blockchain, stablecoins, tokenization, and decentralized finance as a growing part of the financial system. Dennis Porter of Satoshi Action Fund presented on the market size, institutional adoption, use cases such as remittances and small-business payments, and policy developments at the federal and state levels. He also discussed risks including volatility, cybersecurity, and illicit use, while arguing that clear regulation can support innovation and consumer protection. State Controller Malia Cohen then updated the committee on implementation of SB 822, California’s unclaimed digital asset law. She explained that the law applies to custodial accounts, not self-custodied wallets, and requires holders to conduct outreach before dormant digital assets are transferred to the state in native form. Committee discussion focused on how abandonment is determined, what counts as account activity, the expected timeline for notices and custodian procurement, and the administrative costs and staffing needed to run the program. Controller staff said the state is still building procedures, working with Oregon, and expects a significant increase in claims once the program is operational. Porter returned with a proposal for a California digital asset reserve fund built on unclaimed digital assets under SB 822. He argued the fund could be cost-neutral, use only high-quality digital assets, and include guardrails such as an advisory board, audits, and public reporting. Committee members expressed interest in diversification and consumer protection, but also raised concerns about volatility, documentation, and market downturns. The hearing ended after public comment from industry and advocacy representatives, including support from the California Blockchain Advocacy Coalition, the Crypto Council for Innovation, and Coinbase, all urging clear, technology-neutral policy to keep innovation and jobs in California.

Transcript Highlights:

• Department of Corrections.
• Department of Corrections.
• for the department for the department Senator, has the medical contract for the department increased
• And then the residence cash treasury is moving to the inmate welfare treasury cash and non-tax revenue
• Correction Department Sentencing. Thank you, Mr. Chair.

Committee: All JOINT BUDGET COMMITTEE

Summary: The committee first adopted revised JBC rules, which staff said were updated to reflect legislation passed in the 2025 session. It then heard a presentation from DFA Secretary Jim Hudson on the governor’s proposed balanced budget for FY27, with no action taken. Hudson said the budget reflects three priorities: limiting state-government growth, continuing investments in education, and advancing income-tax cuts. He highlighted increases for education funding through EFAs, pay-plan costs for Corrections, DPS, and the Attorney General, higher education productivity funding, drug task forces, a Corrections medical contract, the governor’s 1033 initiative, SNAP error-rate reduction efforts, and an additional $100 million set aside for Medicaid sustainability. Committee members questioned the size of the tax cuts, the balance requirement, public education funding, Medicaid trust-fund levels, EFA funding, and the expected impact of new SNAP cost-sharing rules. The Division of Higher Education then presented its productivity-based funding recommendations. Officials said institutions were 2.61% more productive overall, with funding changes driven by a statutory formula that rewards degree production, underserved populations, and high-demand fields. Members asked about declines at UA Little Rock, the formula’s multipliers, the role of the Arkansas Access Act and a new return-on-investment metric, and how two-year colleges are adjusted for size. The committee also reviewed special items and approved two letters: one authorizing 17 net personnel changes across nine institutions, and another adding special language for North Arkansas College’s entry into the University of Arkansas system. The committee then adopted the Higher Education Coordinating Board’s recommendations for all institutions. A lengthy portion of the meeting focused on the University of Arkansas system, especially Fayetteville’s athletics funding and the broader impact of the House/NIL settlement. Chancellor Charles Robinson and system officials explained that the board had waived a longstanding campus transfer and directed the university to provide an additional $6 million to athletics, with some costs likely to be passed through to students but partially offset by existing budget growth. Members debated whether the university should prioritize academics or athletics, how the transfer originated, and whether the athletic changes would affect affordability. The committee also discussed the 1890 extension program at UAPB and the Division of Agriculture’s land-grant funding. UAPB officials said the state match is intended to be one-to-one, that the current recommendation aligns appropriation with actual spending, and that a $2 million set-aside remains available if needed. The Division of Agriculture later clarified that its Smith-Lever extension and Hatch research funds are part of the UA system’s separate budget and that the state matched about $6.2 million in federal extension funding last year. The committee then moved to the Department of Corrections. It approved G1, transferring 51 positions to the secretary’s office to activate a recidivism program, with an estimated cost of about $4 million. Staff then began walking through the department’s FY27 budget, noting an increase of about $8 million for administration and shared services, including a $170,000 sex-offender assessment appropriation moved under Act 723 of 2025 and roughly $6 million more for medical contracts. Questions on the Corrections budget had just begun when the transcript ended.

Transcript Highlights:

• He was a first responder in the sense that he was a Springer Volunteer Fire Department member for over
• relating to real ID driver's license, an option for an applicant to donate monies to the Oklahoma Department
• The new language is on page e Just directs the Oklahoma Department of Public Safety to allow them to
• Other funds are directed from the Treasury Department. So, this would be just a volunteer basis.
• of Veterans Affairs, and two, if you're wanting to go to the Department of Veterans Affairs to that

Bills: SB1220 , SB1221 , SB1239 , SB1309 , SB1349 , SB1434 , SB1516 , SB1531 , SB1538 , SB1861

Committee: Senate Aeronautics and Transportation

Keywords: memorial designation, interchange, Terry Walker, transportation, Oklahoma, driver license, tracking system, expedited delivery, Service Oklahoma, REAL ID, public safety, apportionment, state revenue, funding, vehicle registration, infrastructure, state roads, bridges, economic development, highway construction

Transcript Highlights:

• The Treasury has never lost or defaulted on Treasury securities, and we bought our first Treasury security
• The Treasury has never lost or defaulted on Treasury securities, and we bought our first Treasury security
• it is very similar to your departments it is very similar to your fire<03:30:40.160><c> department</
• I truly believe ambulance service is like your fire department or your police department, and that is
• department or your police department<03:33:23.760><c> and</c><03:33:23.960><c> that</c><03:33:24.160

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

Transcript Highlights:

• If a state moves faster in declaring an emergency, the Treasury Department can more quickly respond when
• If a state moves faster in declaring an emergency, the Treasury Department can more quickly respond when
• Right now, the Treasury Department is only allowed to continue sending a paper check to the same address
• In one instance, a constituent was sent two checks by the Treasury Department, neither delivered to her
• Instead, the Treasury Department told her they would only continue mailing a paper check to the same

Bills: HR997 , HR517 , HR1152 , HB1491 , HR1155 , HR998 , HR1234

Keywords: House of Representatives, code of conduct, suspension of rules, time zone clocks, rules reform, legislative efficiency, hospital, healthcare, anniversary, Sisters of Mercy, community outreach, American cowboy, cattle trails, historical recognition, 250th anniversary, cultural heritage, economic impact, tourism, agriculture, disaster relief

Transcript Highlights:

• > the sheriff, uh the 10 officer, uh the sheriff, uh the 10 officer, uh police<00:02:34.720><c> department
• Not only that, if if police department.
• With the support of both private partners and the state in partnership with the Kentucky Treasury, we
• ,</c><00:07:31.440><c> we</c><00:07:31.680><c> believe</c> with the Kentucky Treasury, we believe with
• </c> Manufacturers and IGC and the Treasury Manufacturers and IGC and the Treasury for<00:10:41.440><

Summary: The House Budget Subcommittee on Primary and Secondary Education and Workforce Development met without a quorum and heard presentations on several workforce and school-safety funding requests. The first item was a proposal for a school mapping data program, presented by Rep. Steve Bratcher with law enforcement and mapping partners. They said the plan would move money to the 911 system so school maps could be embedded there and kept current for all schools, public and private, to improve response times and officer, student, and teacher safety. The request was described as a $10 million one-time appropriation, with an estimate that the work could be completed in about a year. The committee then heard testimony on the Be Proud Initiative, a mobile workshop program aimed at exposing students age 13 and up to skilled trades and related education and career opportunities. Speakers from the Kentucky Association of Manufacturers, MI2, the Kentucky Treasury, and the Associated General Contractors said the program would improve perceptions of manufacturing, construction, and metals careers, connect students to training and employers, and help build the workforce pipeline. They said private industry would contribute $1 million in FY 2026-2027 before state funds are released, and requested $3 million in state funding in FY 2027-2028 contingent on that match. A Treasury official said handling the funds through the Treasury would have minimal impact on the office. Committee members responded favorably, including a comment from Rep. Bojanowski about the value of hands-on learning for students who struggle with test-focused instruction. Speakers also explained that the program includes classroom materials before and after the truck visit and ongoing outreach for students and parents. The final presentation was on an MI2 metals career pathway proposal, which cited economic impact data for Kentucky’s metals industry and asked for a $3 million one-time investment for FY 2027-2028 to pilot a middle- and high-school pathway in Carroll and Logan counties. The proposal would be matched by industry funds and used for curriculum, equipment, dual-credit and apprenticeship connections, student stipends, and parent outreach. The chair closed by noting it was the final scheduled meeting of the session and moved toward adjournment.

Transcript Highlights:

• Even BlackRock now holds over $2 billion in... ...tokenized treasury bonds and tokenized treasury securities
• Even BlackRock now holds over $2 billion in tokenized treasury bonds and tokenized treasury securities
• Cash-like assets like Treasuries.
• They're held in Treasuries and oftentimes low-risk bonds.
• The study found that a 100% Treasury strategy, which means not holding it in cash but holding it in Treasuries

Committee: House Banking and Finance

Transcript Highlights:

• Senate Joint Memorial 113 is about the issuance of Treasury bonds that would be redeemable in gold.
• Judy Shelton has proposed that the United States Department of the Treasury issue limited tranches of
• Judy Shelton has proposed that the United States Department of the Treasury issue limited tranches of
• money to the Department of Agriculture, the Soil and Water Conservation Commission, the Department of
• Commerce, the Department of Finance, the Industrial Commission, the Department of Insurance, the Department

Transcript Highlights:

• the Treasury Department. e e<00:05:29.680><c> e</c> oh well<00:06:03.560><c> I</c><00:06:03.720><c>
• ><c> the</c><00:08:05.560><c> treasury</c> Department.
• I'll just provide you with a brief overview of the Treasury Department, and then I'll move to discuss
• The Treasury Department has 22 approved positions.
• The Treasury Department has 22 approved positions.

Summary: The meeting featured presentations from the Department of Administrative Services and the Treasury Department on state revenue reporting and unclaimed property. State Comptroller Dana Call explained DAS’s role in compiling statewide revenue reports, including the annual revenue plan set through the budget process and the monthly revenue focus reports that track cash receipts. She noted that unrestricted general fund revenue is about $2 billion annually, while miscellaneous other revenue is a much smaller and less predictable category, averaging roughly $30 million to $32 million a year. She also described two more material internal revenue lines: statewide indirect cost recoveries and post-retirement benefit recoveries, which are billed to agencies and often tied to federal reimbursement rules. Members asked about the interest line in the revenue charts and about how the figures were presented, and Call clarified that the totals were in millions and that the interest item would be explained by the Treasurer. She also explained that the indirect cost and post-retirement recoveries are internal cost allocations that flow back into the unrestricted revenue pool and are reflected in agency budgets as interagency costs. Treasurer Monica Meissner then outlined Treasury Department functions, including bank deposits, statewide disbursements, banking relationships, investments, debt management, compliance, the FONA College Savings Program, the ABLE Plan, scholarship programs, and the abandoned property program. In discussing unclaimed property, she said holders report property after a five-year dormancy period, the state uses automated systems and outreach to locate owners, and claim activity has increased. In fiscal year 2024, the state returned about $12.2 million to citizens through roughly 12,000 claims; over the last 10 years, about $72.6 million has been returned. She also said the state escheated $19.9 million to the general fund and $1.8 million to counties last year, and explained that securities-related proceeds are harder to estimate because they depend on market conditions. No votes or formal actions were taken.

Transcript Highlights:

• At the Department of Interior with Secretary Burgum, they were the first to issue that secretarial order
• permanent and continue the Tribal Treasury Advisory Committee.
• in this case Treasury. treasury, leads to great results.
• And so it's a great example of success in the Department of Treasury and one that should be replicated
• . in other departments as well.

Committee: Senate Indian Affairs Committee

Keywords: tribal sovereignty, healthcare, education, public safety, Economic Development, Tax Parity Act, PROTECT Act, trust obligations, bipartisan support, Indian Health Services

Summary: The committee meeting focused on crucial issues facing tribal nations, particularly emphasizing the federal government's trust and treaty obligations. The discussions highlighted ongoing challenges such as disparities in healthcare, education, and public safety within Native communities. Chair Murkowski underscored the importance of listening to Native leaders and aligning congressional efforts with community needs, advocating for legislative actions that support tribal sovereignty and economic development. Various initiatives, including the Tax Parity Act and the PROTECT Act, aimed at addressing jurisdictional and financial disparities, were discussed in detail. A call for bipartisan support to alleviate the funding shortages affecting Indian Health Services was made several times during the meeting. Testimonies from tribal leaders and representatives emphasized the dire need for legislative support to enhance infrastructure, healthcare access, and public safety initiatives in tribal communities.

Transcript Highlights:

• As of last year, the Department of Labor reported more than 150,000 open complaints, and the Department
• Treasury. But Congress must act quickly.
• of Eligible for review by the Department of Treasury as a terrorism risk insurance event.
• To address minor technical feedback from Treasury, the bill will now allow the Secretary of the Treasury
• To address minor technical feedback from Treasury, the bill will now allow the Secretary of the Treasury

Bills: HCR108 , HB3300 , HB7128 , HB7757 , HB7305 , HB7266 , HB7258 , HB7257 , HB3350 , HB4662 , HB5347 , HB8873

Keywords: HCR108, H. Con. Res. 108, War Powers Resolution, Lebanon, Lebanese Armed Forces, U.S. Armed Forces, hostilities, military withdrawal, troop removal, concurrent resolution, Congressional war powers, executive war powers, foreign policy, Middle East, diplomatic facilities, security cooperation, cease hostilities, military engagement, war authorization, non-authorization of force

Transcript Highlights:

• Treasury Fund had actually worked.
• Treasuries.
• ><c> about</c> Treasury management, we talked about Treasury management, we talked about previously,<
• </c> blockchain for the Arca US Treasury blockchain for the Arca US Treasury Fund.
• I but they'll keep in Treasuries.

Summary: The meeting opened with roll call, confirmation of a quorum, and approval of the April 6 and May 4 minutes, with minor corrections noted to the May minutes. The main presentation came from JD of Link Network, introduced by Dan Cohen, who described Link’s work with crypto.com and other market participants on tokenized money market funds and real-time settlement for institutional clients. JD gave a detailed history of his earlier work developing the Arca U.S. Treasury Fund and ArCoin, emphasizing that the project was built within existing SEC and 1940 Act frameworks and was intended to use blockchain technology for a traditional asset rather than create a crypto product. He said the effort involved years of discussions with the SEC, multiple custodians, and partners such as U.S. Bank, T-Zero Securities, and Tassat, and that the model eventually led to Link’s settlement system. He highlighted concerns that shaped the design, including regulatory compliance, privacy for institutional users, and the need to bridge traditional banking hours with 24/7 digital asset markets. The presentation also described Link’s features, including segregated and bankruptcy-remote fund structures, tokenized deposit and treasury fund settlement, and “yield in transit,” which allows interest to accrue and be distributed daily down to a two-second block. JD said the platform is being expanded for use cases such as exchange liquidity, cross-border capital movement, off-exchange collateral, stablecoin bridging, treasury management, and peer-to-peer settlement. He closed by posing policy questions for the commission about the use cases for stablecoins versus tokenized money market funds in New Hampshire and whether the state could issue or administer a security-based program with appropriate compliance controls.

Transcript Highlights:

• Appointments for confirmation from the Department of Agriculture and Forestry, the Department of Children
• and Family Services, Department of Conservation, Environmental Quality, Group Benefits, Department of
• Nicole Roebuck, the head of the Department of Music and director of band. Dr.
• of Children and Family Services and the Louisiana Department of Health.
• They did simple things like adding the actual title of the department, not just saying 'department.'

Bills: SR146 , SCR12 , HB378 , HB509 , HB1090 , HB221 , HCR85 , HCR100 , HCR105 , HCR107 , HCR114 , HCR58 , HB723 , SB4 , SB52 , SB57 , SB83 , SB131 , SB143 , SB145 , SB152 , SB194 , SB251 , SB254 , SB279 , SB283 , SB333 , SB353 , SB367 , SB384 , SB389 , SB398 , SB408 , SB431 , SB448 , SB450 , SB465 , SB468 , SB469 , SB484 , SB495 , SB496 , SB509 , SB56 , SCR9 , SCR58 , SB35 , SB65 , SB215 , SB246 , SB249 , SB269 , SB282 , SB296 , SB323 , SB363 , SB369 , SB474 , SB490 , SB492 , SB500 , SB514 , HCR32 , HB59 , HB89 , HB153 , HB243 , HB335 , HB342 , HB407 , HB451 , HB513 , HB595 , HB682 , HB688 , HB690 , HB730 , HB762 , HB802 , HB816 , HB940 , HB1003 , HB1011 , HB1029 , HB1053 , HB1058 , HB1062 , HB1064 , HB1079 , HB1084 , HB1098 , HB1161 , HB1189 , HB1203 , HB1215 , HB1247 , HB1248 , HB1251 , HB1253 , HB1257 , HB1258 , HB17 , HB27 , HB36 , HB41 , HB73 , HB140 , HB166 , HB181 , HB205 , HB211 , HB223 , HB226 , HB259 , HB271 , HB308 , HB337 , HB399 , HB410 , HB487 , HB626 , HB712 , HB740 , HB750 , HB759 , HB775 , HB812 , HB844 , HB906 , HB966 , HB968 , HB979 , HB1006 , HB1009 , HB1018 , HB1036 , HB1038 , HB1081 , HB1086 , HB1107 , HB1112 , HB1155 , HB1220 , HB1242 , HB1252 , HB1256 , SB42 , SB208 , SB217 , SB274 , SB300 , SB341 , SB379 , SB382 , SB387 , SB401 , SB449 , SB487 , HB74 , HB119 , HB134 , HB210 , HB258 , HB468 , HB784 , HB870 , HB953 , HB956 , HB1117 , HB1236 , SB29 , SB43 , SB78 , SB149 , SB441 , HB359

Keywords: SR146, Senate Resolution 146, Louis Thomas Nelson, Thomas Nelson, condolences, memorial resolution, tribute, obituary, public service, St. Martinville, Cade, St. Martin Parish, police juror, mayor, community center, water system, school bus driver, school board, Louisiana Senate, sympathy

Transcript Highlights:

• That's my core budget to operate the administrative part of the treasury.
• Employees, the treasury has had as many as 73 or 4 or 5 employees in the Past.
• I can't use those to operate the treasury.
• Those monies that are allocated are not allocated to the military department.
• But any interstate transfer like that would be regulated by the department.