Transcript Highlights:

• His ammunition was around, too.
• I was His ammunition was around, too.
• ammunition ammunition and<02:30:29.439><c> with</c><02:30:29.680><c> a</c><02:30:30.160><c> really</
• </c> the leading cause of death in children. the leading cause of death in children.
• </c> blackout ammunition. blackout ammunition.

Transcript Highlights:

• one of the things that we noted here is that traditionally the federal prosecutors have taken the lead
• </c><00:01:40.799><c> on</c><00:01:41.520><c> um</c><00:01:41.680><c> public</c> have taken the lead
• </c><00:12:07.040><c> Uh</c><00:12:07.360><c> what</c> prosecutors would take the lead.
• Uh what prosecutors would take the lead.
• </c><01:13:23.440><c> in</c> transfer of firearm or ammunition in transfer of firearm or ammunition in

Summary: The Judiciary Committee heard testimony on several bills related to bribery and public corruption. On SB 2249, which would increase penalties for bribery under certain circumstances, the Honolulu Prosecutor’s Office and Honolulu Police Department supported the measure, arguing that Hawaii’s current class B felony penalty is probationable and too weak to secure cooperation in corruption cases, especially after the U.S. Supreme Court’s Snyder decision narrowed federal bribery prosecutions. The Public Defender opposed the bill, arguing that elevating bribery to a class A felony and making it non-probationable was excessive, overbroad, and would remove judicial discretion. Multiple individuals also testified in support. Committee members questioned the prosecutor about removing deferred acceptance of plea provisions and asked HPD about the $20,000 threshold; the prosecutor said alternative charges could still be used in plea bargaining, and HPD said the threshold aligns with first-degree theft. The committee also discussed how current law tolls the bribery statute of limitations while an official remains in office, with the prosecutor explaining it can extend up to six years total. The committee then heard SB 2494, which would set a nine-year statute of limitations for bribery offenses. The Public Defender opposed the extension, saying the justification based on the length of federal investigations was too broad and that bribery already has a longer limitations period than most felonies. The Honolulu Prosecutor’s Office supported the bill, saying bribery cases often involve coordination with federal investigators, that federal and state evidence-gathering methods may differ, and that a longer period would help ensure admissible evidence and allow state prosecution when federal law no longer applies. Members asked whether there were public examples of cases lost to the current limitations period; the prosecutor said he was not aware of any publicly available examples, but maintained nine years was a reasonable period. The committee also considered SB 2737, which would create a misdemeanor for failure by a state or county elected official to report bribery. The Department of the Attorney General offered comments and suggested changing the term to “public servant” for consistency with existing law. The Honolulu Prosecutor’s Office supported the intent but warned the reporting requirement could create Fifth Amendment issues for witnesses who might otherwise be useful in grand jury proceedings. The bill drew broad public support, with 33 supporters and no opposition noted. Finally, the committee took up SB 3071, which revises sex trafficking and promoting prostitution statutes by redefining “profits from prostitution” and adding an affirmative defense for certain lawful transactions. The Public Defender opposed the measure, saying it still could reach people without the required criminal intent and that the affirmative defense language could be applied unevenly. The Attorney General and Honolulu Prosecutor supported the bill, saying it better addresses concerns raised by the State v. Ibarra decision while closing loopholes that allow traffickers to disguise profits as loans or gifts. The prosecutor emphasized that traffickers are sophisticated and can structure transactions to evade current law.

Transcript Highlights:

• Senator Reardon is going to lead us in the pledge of allegiance to the flag of the United States of America
• was, for example, you can open a safe and the safe because it's a drug case, but you find illegal ammunition
• was, for example, you can open a safe and the safe because it's a drug case, but you find illegal ammunition
• 13.199><c> illegal</c> it's a drug case, but you find illegal it's a drug case, but you find illegal ammunition
• </c> ammunition or whatever it is you find. ammunition or whatever it is you find.

Committee: Senate Judiciary

Transcript Highlights:

• The treasurer leads that board.
• the one we've been using to build the schools as well as build the railroad spur off of McAlester Ammunition
• their children and to make sure that the Army has a railroad spur where we can offload and unload ammunition
• And unload ammunition and all the equipment and technologies that’s associated with that.

Summary: The committee took up a long agenda of appropriations and budget bills, with most of the early action focused on retirement cost-of-living adjustments. Senate Bills 1144, 1145, 1146, 1148, and 1149 all advanced, covering COLAs for retired teachers, public employees, police, judges, and a special “tweener” group of police and fire retirees. Members questioned the actuarial impacts, funded ratios, and timing of the apportionment changes, and the author explained that the retirement bills were based on TRS or system actuarial estimates and that the 2036 apportionment cutoff could be revisited by future legislatures. SB 1149 was described as a one-time $25,000 payment for a limited group of older retirees, with estimated costs of $3.5 million for police and $5.8 million for fire. Most of these retirement measures passed on votes of 23-24 ayes with one nay. The committee also considered House Bill 4071, creating the Oklahoma Dream Accounts Investment Program to match the federal “Trump accounts” with up to $250 per eligible child, capped at $12.5 million. Democrats criticized it as a poor use of funds and objected to the federal program’s uncertainty and the emergency clause; the bill passed 17-8. House Bill 4072 created a taxpayer endowment trust fund by moving $200 million from the Revenue Stabilization Fund and redirecting a portion of future gross production tax overages into the new fund until it reaches $1 billion, after which it would generate future revenue streams. Members raised concerns about investment risk, oversight, and whether the fund was a “shell game,” but it passed 18-6. Several agency budget and limit bills were also approved, including HB 4057 for $25 million to expand the Bureau of Narcotics headquarters, SB 1158 for $252,000 to fund medication for minors in custody, SB 1164 for the Department of Mental Health and Substance Abuse with $1.2 million in new appropriations plus $5.97 million for the 988 revolving fund, and HB 4040 for the Department of Health rural health transformation cash-flow needs tied to federal reimbursement. The committee also passed HB 4051 on FMAP preservation, SB 1161 for the Oklahoma Health Care Authority, SB 1162 for the State Department of Health, and SB 1163 for DHS, where the largest discussion centered on avoiding an Advantage waiver waitlist, SNAP administrative costs, and child abuse multidisciplinary care centers. Most of these bills passed with little or no debate, though some drew questions about federal matching dollars and reporting requirements. Education-related items were also approved, including HB 4030, the State Department of Education budget limits bill, which maintained prior-year funding for textbooks, early intervention, literacy coaching, school security, and other line items; HB 4044 for OEQA’s growth-based teacher compensation and NBCT stipends; HB 4065 for school security funding at the School of Science and Math; HB 4067 for the School for the Blind and School for the Deaf; and HB 4038 directing $5 million of ODOT FY27 appropriations to the eight-year work plan. The committee also advanced HB 4046, which directs funding to the Military Readiness, Innovation, Education, Aviation Revolving Fund for projects including McAlester, Fort Sill, Altus, and Enid, with members questioning why additional money was needed so soon after prior appropriations. Throughout the meeting, most measures were reported as passed by wide margins, with a few dissenting votes on bills viewed as controversial or as reallocating funds away from other priorities.

Transcript Highlights:

• Beijing is leading an emerging alliance of countries. one clear objective, to use their economic and
• If confirmed, you would lead defense policy at a consequential time.
• If confirmed, you will lead at a challenging moment.
• In light of this, the lead organizations are likely normally to be non-DOD.
• Iran is the world's leading state sponsor of terrorism.

Committee: Senate Subcommittee on Personnel

Keywords: defense, geopolitical tensions, military readiness, China, Russia, U.S. military, Indo-Pacific, alliance, procurement

Summary: The meeting focused on critical defense and security matters, particularly concerning the ongoing geopolitical tensions involving China and Russia. There were discussions surrounding U.S. military readiness, with significant emphasis on the potential threats posed by China in the Indo-Pacific region. Members expressed concerns about America's military capabilities in relation to the growing Chinese fleet and the importance of maintaining strong alliances with nations like Japan, South Korea, and Taiwan. Additionally, the notion of prioritizing the defense industrial base was highlighted, emphasizing the need for effective procurement and modernization efforts to counter adversarial threats. Furthermore, notable commentary included a reference to President Zelensky's remarks regarding peace negotiations with Ukraine, expressing a willingness for further cooperation with the U.S.

Transcript Highlights:

• Senator Exum, would you please lead us in the Pledge of Allegiance?
• </c> so fortunate today some of the leading so fortunate today some of the leading folks<00:35:03.119
• Owners might delay maintenance, leading to unsafe firearms and accidents.
• </c><01:06:53.440><c> unsafe</c> delay maintenance, leading to unsafe delay maintenance, leading to unsafe
• Suppressors, ammunition, springs. The bill exemplifies overreach.

Transcript Highlights:

• As it relates to the firearms, including the magazines and the ammunition, pistol grips and stocks, and
• I was just asking about the firearms accessories, including magazines and ammunition, pistol grips, stocks
• I dissent on this firearm package, firearm accessories including magazines and ammunition.
• kind of data analytics support in the management of the SNAP program and, you know, justifying or leading
• Representative Nixon: Did you all know that medical debt is the leading cause of bankruptcy in our country

Summary: The House convened with prayer, a moment of silence for former Senator Don Childers, the Pledge of Allegiance, and recognition of Officer Antonio Richardson as law enforcement officer of the day. The chamber announced it would take up 11 budget conference committee reports, with no third-reading bills or special-order calendar items. Members were reminded that conference reports were subject to debate but not amendment, and that the required review periods had been satisfied. The first major action was on HB 7031E, the tax package. Representative Duggan explained that the conference report included a mix of retained, modified, and new tax provisions, including sales tax holidays, property tax and homestead-related changes, reductions in certain gaming and carbon-related taxes, changes to child care and documentary stamp tax credits, a new refund process for public works construction tax paid by universities and colleges, and other tax administration changes. Debate focused on the bill’s consumer impact, the reduction of the child tax credit from three years to one, the inclusion of firearm accessories in a sales tax holiday, the absence of gas tax relief and combined reporting, and the homestead exemption provision for certain deployed diplomatic and foreign service personnel. Critics argued the package favored niche or corporate interests over broad affordability relief, while supporters said it provided targeted tax relief and reflected conference negotiations. The House adopted the conference report and passed HB 7031E by a vote of 88-11. The House then began presenting the conference report for HB 501E, the state budget, which totaled $114.5 billion for fiscal year 2026-27 and was described as below the prior year’s spending level while maintaining reserves. Subcommittee chairs outlined major budget areas: pre-K-12 funding included an increase in FEFP, salary increases for veteran teachers, stabilization funding, and support for declining enrollment; higher education included full Bright Futures funding, workforce programs, college operating support, university initiatives, and school guardian expansion; IT funding focused on Palm, ACCESS, APD’s I-Connect replacement, corrections systems, emergency management systems, and cybersecurity grants; health care funding covered Medicaid, nursing home rates, waiver provider increases, ADAP funding and restructuring, child welfare, and behavioral health; transportation and economic development included housing, cultural grants, jobs and rural infrastructure, Visit Florida, Space Florida, highway patrol equipment, and local transportation projects; justice funding included correctional construction, juvenile justice facilities, law enforcement grants, and clerk and due process reimbursements; state administration included fire stations, constrained counties, building maintenance, and Safe Florida Home; and agriculture/natural resources funding emphasized Everglades restoration, water quality, land acquisition, Florida Forever, state parks, and citrus research. Members then began questioning the budget details, including school voucher accountability, school funding formulas, public defender parity, prison technology, wastewater monitoring in prisons, ADAP policy, SNAP fraud controls and AI-assisted verification, Florida Forever funding, school lunch funding, and coral reef restoration. No final vote on HB 501E appears in the transcript excerpt.

Transcript Highlights:

• As it relates to the firearms, including the magazines and the ammunition, pistol grips and stocks, and
• I was just asking about the firearms accessories, including magazines and ammunition, pistol grips, stocks
• I dissent on this firearm package, firearm accessories including magazines and ammunition.
• between any kind of data analytics support in the management of the SNAP program and justifying or leading
• Did you all know that medical debt is the leading cause of bankruptcy in our country?

Transcript Highlights:

• Their ammunition stays at work because they don't have an individual right to possess a firearm.
• Their ammunition stays at work because they don't have an individual right to possess firearm.
• Washington should lead by example and protect our community's right to transparency and safety.

Committee: House Community Safety

Transcript Highlights:

• because they did have that one singular form, that one, that one, that one, that one, that one, the ammunition
• Singular form, that one gun, that one, the ammunition, whatever, or that one, the explosive on them.
• And the bill does three things, and I'll lead with the question about sentencing and multiple firearms

Committee: House House Judiciary Committee of Reference

Summary: The House Judiciary Committee first conducted a sunset review of the Arizona Civil Rights Advisory Board. The board’s executive director described its history, structure, and recent work on civil rights issues such as human trafficking remedies, service animals, hate-based crimes, housing, disability access, and rural concerns. With no opposition testimony, the committee voted to recommend continuing the board for eight years. The committee then heard HB 2131, which would make trafficking more than three weapons or explosives ineligible for pardon or early release and remove the requirement that trafficking be for financial gain. Support came from the Arizona Attorney General’s Office, the Yavapai County Sheriff’s Office, and the Yavapai County Attorney, who said the bill targets criminal syndicates and does not affect lawful gun dealers or private sales. Some members raised concerns that the bill could limit judicial discretion, but the committee voted 7-0 with one present to recommend the bill do pass. HB 2132, which lowers the fentanyl threshold for enhanced penalties from 200 grams to 100 grams, drew strong support from law enforcement and county attorneys who said fentanyl trafficking is driving overdoses and homicide investigations, especially in rural counties. Opponents, including a criminal defense attorney and a recovery advocate, argued the bill could sweep in people with substance use disorders and push more people into prison instead of treatment. After debate about prevention, treatment, and mandatory minimums, the committee voted 7-2 to recommend the bill do pass. The committee also approved HB 2108, which increases penalties for unlawful flight when the conduct recklessly endangers others, causes serious injury, involves a child under 13, or occurs during a DUI. Law enforcement supported the measure as a public safety tool, while an opponent argued it could worsen tensions with police. The committee voted 6-3 to recommend the bill do pass. Finally, HB 2044, as amended, would increase penalties for abandoning or concealing a dead human body when done to conceal a crime or when the offender caused the death. The sponsor and county attorney said the bill closes a gap in cases involving mutilation or concealment of bodies; a defense attorney warned the language was too broad and could create ambiguity. The committee adopted the amendment and then voted 6-3 to recommend the bill do pass.

Transcript Highlights:

• By the grace of God, lead us from the shadows into the light. Thank you.
• And today, he celebrates his 20th year of leading this tradition. Thank you.
• And today, he celebrates his 20th year of leading this tradition. Mr.
• It relates to possession or transportation of firearms, ammunition, stun weapons, or explosives, or carrying
• misdemeanor assault or assault and battery that also qualifies as a hate crime from possessing a firearm, ammunition

Transcript Highlights:

• He believed that leadership was about leading by example, and when history called, he answered.
• We believe that leadership was about leading by example. And when history called, he answered.
• Major Winters reconnoitered forward, leading only 35 paratroopers.
• One of the most outstanding stories I heard from him up there: he ran out of ammunition on his aircraft
• He helped lead Air Force Junior ROTC programs in the United States and overseas, later settled in Huntington

Summary: The Senate convened with prayer and the Pledge of Allegiance, then received communications recalling it for voting session and referring gubernatorial nominations and a series of Senate and House bills and resolutions to standing committees. Leaves of absence were granted, and the chamber recessed briefly for committee meetings and party caucuses before reconvening. On the floor, the Senate unanimously agreed to House Bill 1102 and later passed Senate Bill 1133 and Senate Bill 1303 by 50-0 votes. Several measures were set aside to their proper place in the calendar or re-referred, including Senate Bill 1182 and House Bill 928 to Appropriations. The Senate also adopted multiple amendments to Senate Bill 1372, including a technical amendment from Senator Brooks, an amendment offered on behalf of Senator Loughlin, and Senator Fontana’s amendment requiring carbon monoxide detectors in child care facilities; after amendment, Senate Bill 1372 was held over. The chamber adopted Senate Resolution 326 urging a posthumous Medal of Honor for Major Richard Winters. During petitions and remonstrances, Senator Tartaglione urged action to raise Pennsylvania’s minimum wage, noting it has been 20 years since the last increase. Senator Dush honored Colonel James C. Harding on his birthday, highlighting his military service and decorations. Senator Street introduced a discharge resolution to force consideration of adult-use cannabis legalization, arguing the issue has bipartisan support and should receive a vote. Senator Dush also delivered extended remarks on the Founders, John Adams, religion, and the Constitution. Committee reports followed, including Appropriations reporting Senate Bills 1061, 1182, and 1303 as committed and House Bill 2400 as amended, and Consumer Protection and Professional Licensure reporting House Bill 2426 as committed. The Senate then considered supplemental calendars, adopting an amendment to Senate Bill 1182 and passing Senate Bill 1303 on final passage, both by 50-0 votes. The chamber was also notified of upcoming committee meetings, and it recessed until June 30, 2026, at 11 a.m., unless recalled sooner.

Transcript Highlights:

• He believed that leadership was about leading by example. And when history called, he answered.
• He believed that leadership was about leading by example. And when history called, he answered.
• Major Winters reconnoitered forward, leading only 35 paratroopers.
• go back for a second—one of the most outstanding stories I heard from him up there—he ran out of ammunition
• He helped lead Air Force Junior ROTC programs in the United States and overseas, later settled in Huntington

Transcript Highlights:

• I was the ammunition officer, which was in charge of unloading military supplies from the C-130 in 123
• I was the ammunition officer which war.
• ammunition was in charge the unloading ammunition military<00:20:27.520><c> supply</c><00:20:28.000>
• Lead Lang, yes. Vice Chair McQuade, yes.
• Lead Lang, no.<00:38:27.200><c> Senator</c><00:38:27.599><c> Bar,</c><00:38:28.160><c> no.

Committee: Senate State and Local Government

Transcript Highlights:

• trigger and it goes bang, bang, bang, into an automatic weapon where it goes off until you're out of ammunition
• where it goes off until you're<00:03:41.760><c> out</c><00:03:41.920><c> of</c><00:03:42.000><c> ammunition
• </c><00:03:42.720><c> or</c><00:03:42.959><c> you</c><00:03:43.120><c> remove</c> you're out of ammunition
• or you remove you're out of ammunition or you remove your<00:03:43.680><c> finger.
• One is the woman who was charged, who now has a life to lead without abuse because she was set free by

Summary: The committee met with a quorum, approved the August 29 minutes, and then heard testimony on a bill relating to machine gun conversion devices, often described as Glock switches or auto sears. Representative Jason Nemis presented the bill with Louisville police Chief Paul Humphrey and Lt. Drew Fox, arguing the measure would mirror existing federal law, make possession of these devices unlawful under Kentucky law, and give state and local law enforcement authority to seize and prosecute them without relying solely on federal agencies. They said the devices are small aftermarket or 3D-printed parts that convert semi-automatic pistols into fully automatic weapons and emphasized that the bill would not affect lawful gun ownership. The presenters cited rising seizures and public-safety concerns, saying LMPD and Jefferson County seizures increased sharply from 2023 to 2024 and that the average age of possession had dropped. They argued the devices are used offensively, are inaccurate and dangerous, and have been linked to violent crime. Two Alabama legislators, Representatives Philip Ensler and Russell Bedsole, testified in support based on Alabama’s recent enactment of a similar law. They said local police and prosecutors there had been unable to act effectively because the devices were handled mainly by federal authorities, and they described bipartisan support, immediate enactment, and reported confiscations after passage. Members asked about the bill’s penalty level, the source and manufacture of the devices, the scope of the definition of “conversion device,” and whether the bill could create constitutional problems given ongoing federal litigation over machine gun restrictions. The sponsors said the penalty would be a Class C felony and that the bill was intended to cover only the device attached to the firearm, not tools like 3D printers. They acknowledged that if federal machine gun laws were ultimately struck down, the state law would also be unenforceable. Some members supported the bill as common-sense public safety legislation, while Representative Roberts opposed it on Second Amendment grounds, arguing Kentucky should focus on expanding gun rights rather than adding restrictions already covered by federal law.

Transcript Highlights:

• The bill specifically says no firearms or ammunition in the school as part of this.
• The bill specifically says no firearms or ammunition in the school as part of this.
• The bill specifically says no firearms or ammunition in the school as part of this.
• The bill specifically says no firearms or ammunition in the school as part of this.
• </c><00:45:06.800><c> cause</c> firearms have become the leading cause firearms have become the leading

Committee: House Criminal Justice and Public Safety

Transcript Highlights:

• So, Hawaii has an opportunity to lead by restoring balanced, accountable emergency powers that respect
• So, Hawaii has an opportunity to<00:26:28.280><c> lead</c><00:26:28.560><c> by</c><00:26:28.679><c> restoring
• </c><00:26:29.200><c> balanced</c> to lead by restoring balanced to lead by restoring balanced accountable
• exposure and the governor’s opinion alone. 127A-13A1: regulate quarantine or seize firearms and ammunition
• Regulate quarantine or seize firearms<00:49:34.080><c> and</c><00:49:34.240><c> ammunition.

Bills: SB2109 , SB2151

Committee: House Public Safety

Summary: The committee on Public Safety met on March 20, 2026, and the chair opened by noting severe rain and flooding conditions in Hawaii and said the committee would proceed with the hearing but defer decision-making until the next meeting on March 25. The first measure discussed was SB 2109, an omnibus bill on emergency preparedness communications. Testimony was overwhelmingly in support, including from state agencies and advocacy groups such as the Disability and Communications Access Board, Hawaii Emergency Management Agency, the Office of Hawaiian Affairs, the Legal Clinic, the Hawaii Coalition for Immigrant Rights, and others. Supporters emphasized the need for funding and planning for multilingual emergency materials and language access, citing current evacuation notices that were not available in languages such as Ilokano or Tongan. The chair stated that action on SB 2109 would be deferred until March 25. The committee then heard SB 2151, relating to emergency management and changes to the governor’s emergency authority. Testimony was mixed but heavily focused on concerns about executive power. Earthjustice supported the bill with amendments, saying it should narrow extraordinary emergency powers, add definitions for emergency and disaster, preserve transparency under the Uniform Information Practices Act, and lower the legislative threshold to terminate an emergency proclamation from two-thirds to a simple majority. Other supporters, including the League of Women Voters of Hawaii and some individuals, also backed reform. Opponents, including Hawaii Emergency Management Agency and numerous individuals, argued the bill still gave the governor too much power, used overly broad disaster definitions, and did not sufficiently protect constitutional rights; several urged major amendments or repeal of portions of Chapter 127A. Some opponents specifically objected to the two-thirds termination standard and to provisions they said could enable compulsory immunizations or other mandates. Members questioned Earthjustice about whether the bill would suspend constitutional rights. Earthjustice responded that the bill would not authorize constitutional violations, but would allow suspension of laws enacted by the legislature, and pointed to existing statutory procedures for individuals to challenge emergency proclamations. The witness described a Mauna Kea case in which a three-judge panel granted relief to an individual under the current statute, and explained that the process could potentially affect a broader proclamation if allowed to run to completion. The hearing continued with additional testimony and questions, but no final vote or committee action on SB 2151 was taken during this portion of the meeting.

Transcript Highlights:

• ACCOUNTING OPTIONS WITH NO GUARANTEE OF TRANSPORTATION OR SUPPORT FOR INNER-CITY COMMUNITIES IT CAN LEAD
• IT IS THE LEADING THIS POSITION YOU WOULD HAVE TO ENUMERATE THERE WOULD BE LANGUAGE INCLUDING BUT NOT
• NOW WE WILL MOVE TO TAP NINE SB 9521 RESTRICTIONS ON FIREARMS AND AMMUNITION DURING EMERGENCIES.
• , FLORIDA LEADS, SINCE WE DO HAVE THE LONGEST COASTLINE IN THE CONTINENTAL US, ISN'T WHAT WE DO AND WHAT
• THE OTHER WEEK WITH REPRESENTATIVE BASABE AND I ASKED HIM AREN'T REPUBLICANS SCARED THIS ISSUE WILL LEAD

Transcript Highlights:

• We know, oh God, you want us to lead and love with that kind of. and empathy. us to love the beaten man
• We know you want us to love and lead with that compassion and empathy.
• God, we know you want us to lead with that. kind of compassion and empathy.
• Let your grace and compassion then lead. and guide them in the power you have given them that they wield
• The chair recognizes the Honorable McLaughlin, Don McLaughlin of Evaldi to Evaldi County to lead us in

Transcript Highlights:

• IT WOULD BE VERY DIFFICULT TO TIE IN ANYTHING HAVING TO DO WITH THE PASSAGE OF THESE LAWS TO A AMMUNITION
• IN A MARKET LEVEL THERE HAS BEEN VERY LITTLE OR NO AMMUNITION IN THE OVERALL AGGREGATE MARKET.