Video & Transcript : 'nominal transactions' :

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NH

New Hampshire 2026 Regular Session

Senate Commerce (02/17/2026)

Commerce

Transcript Highlights:
  • But a 500% increase is not a nominal fee. That's a lot of money.
  • But a 500% increase is not a nominal fee. That's a lot of money.
  • But a 500% increase is not a nominal fee. That's a lot of money.
  • But a 500% increase is not a nominal fee. That's a lot of money.
  • But a 500% increase is not a nominal fee. That's a lot of money.
Committee: Senate Commerce
CA
Transcript Highlights:
  • It extends far beyond simple peer-to-peer cash transactions.
  • Transactions are irreversible in the digital asset ecosystem.
  • The fact is less than 1% of all transactions...
  • The fact is that less than 1% of all transactions... Of all transactions.
  • The fact is that less than 1% of all transactions are illicit.
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.
AZ

Arizona 2026 Regular Session

06/11/2026 - Senate Director Nominations

Director Nominations

Transcript Highlights:
  • Welcome to the Committee on Director Nominations.
  • Chair, I moved that the Senate Director Nominations Committee recommend the full Senate reject the nomination
  • So welcome to the Committee on Director Nominations.
  • Prior to your nomination for DIFI, I know who I am—prior to your nomination for Director of DIFI, you
  • Chair, I move the Senate Director of Nominations Committee submit to the full Senate the nomination of
CA

California 2025-2026 Regular Session

Assembly Banking and Finance Committee Feb 18th, 2026

Banking and Finance

Transcript Highlights:
  • It extends far Beyond simple peer-to-peer cash transactions.
  • Every transaction appears within an account history, and you can see that.
  • Transactions are irreversible in the digital asset ecosystem.
  • The fact is less than 1% of all transactions are illicit.
  • The fact is that less than 1% of all transactions are illicit.
AZ

Arizona 2026 Regular Session

03/25/2026 - Senate Judiciary and Elections

Judiciary and Elections

Transcript Highlights:
  • Okay, now we're going to do the nomination, and I may need a little coaching on the wording for this.
  • For the record, my name is Neil McDowell, and I've been nominated to serve on the Arizona Board of Executive
  • Fill in, Madam Vice Chair, move your nomination.
  • 120 arrests for solicitation in all of 2025, and that that's a very tiny fraction of the daily transactions
  • is, how will increasing the penalty alone be enough if it's a very tiny fraction of the daily transactions
KY
Transcript Highlights:
  • . >> So, nominal decrease. >> Yeah, this decrease. >> Nominal decrease. >> Okay. Thank you.
  • &gt;&gt; So,<00:25:19.679><c> nominal</c><00:25:20.240><c> increase.
  • </c> &gt;&gt; So, nominal increase. &gt;&gt; So, nominal increase.
  • &gt;&gt; Nominal<00:25:23.279><c> decrease.</c> &gt;&gt; Nominal decrease.
  • </c> transaction and activation of services. transaction and activation of services.
Summary: The Government Contracts Committee met with a quorum and approved the July 8 minutes. It then deferred several items from the July agenda, including a Kentucky Education Television contract because the vendor was not yet registered with the Secretary of State, and a University of Louisville contract at the university’s request. The committee also deferred a behavioral health memorandum of agreement and later a Department of Community Based Services contract after questions were raised about the scope of services and the need for additional information. The most extensive discussion involved the Seven Counties Services contract with the Department for Behavioral Health, Developmental, and Intellectual Disabilities. Committee members questioned why the state continues to contract with Seven Counties despite its bankruptcy and pension-related liabilities, how the funding split was determined, whether the services are statutorily required, and whether the state or another provider could deliver the services more efficiently. Agency representatives said Seven Counties is the sole provider of core community mental health services in its region, serves about 24,500 people, and that service needs and acuity remain high even as the number served has declined. A cabinet attorney said the bankruptcy dispute is ongoing and involves roughly $20 million in contested retirement contributions, though members suggested the amount may be higher. Members also raised broader concerns about whether local governments, especially Metro Louisville, should contribute more toward services tied to social determinants of health, and whether the contract includes services beyond what statute requires. The committee requested additional information on the contract scope and possible offsets or recovery of unfunded liabilities, and then voted to defer the Seven Counties contract to the next meeting. The committee also heard a separate DCBS presentation on the Youth Villages Intercept program, where staff explained it was selected because it is an approved evidence-based Family First prevention service, provides intensive in-home and foster care stabilization services, and is headquartered in Tennessee but operates across Kentucky; members asked for clarification on Medicaid billing and additional funding needs.
NM

New Mexico 2025 Regular Session

Senate - Rules Mar 21st, 2025

Senate Rules

Transcript Highlights:
  • The office would use technology tools and emerging technologies that can data mine millions of transactions
  • to identify potential fraud, waste, and abuse, and it can also flag those transactions.
  • It's very nominal compared to that. It's about 0.015% at most.
  • And if something is flagged in the transaction using the emerging technologies and technologies we currently
  • It's a transparency office that flags transactions.
Committee: Senate Senate Rules
NM

New Mexico 2026 Regular Session

Senate - Judiciary Feb 4th, 2026

House Judiciary

Transcript Highlights:
  • Chairman, I know about those judicial nominating commission, having to appoint two...
  • Those all about those judicial nominating commission having to appoint to every time a judge retires
  • It will go through the nominating process.
  • have to meet and then select a few candidates to nominate to the governor for their selection.
  • Then you would make your nominations to the nominating commission. They would name to the governor.
Bills: SB3 , HB70 , HB49 , HB60 , HB151 , HB164 , SB17 , SB35 , SB164
Summary: The committee first took up Senate Bill 35, which would create one additional judgeship in the First Judicial District. Senator Trujillo and Chief Judge Bichai explained that the position had been approved through the judiciary’s unified budget process based on caseload and weighted-caseload needs. Members asked about how the new judge would be appointed, election timing, and courthouse space; the judge said the district would make room temporarily and that technology had helped with courtroom efficiency. One member of the public testified in opposition, alleging questionable case-assignment practices in the district court. The committee then voted do pass on SB 35 to the Finance Committee without objection. The committee then heard Senate Bill 17, the Stop Illegal Gun Trade Act, with extensive testimony on both sides. Supporters, including the sponsors, gun-violence survivors, prosecutors, law enforcement, city representatives, educators, and advocacy groups, argued that the bill would address a retail-to-criminal pipeline by requiring gun dealers to secure inventory, train employees, track sales, report suspicious activity, and restrict future sales of certain military-style firearms and large-capacity magazines. They cited gun violence statistics, local homicides, and the impact on children and schools. Opponents, including NRA and industry representatives, sheriffs, ranchers, dealers, and other citizens, argued the bill would violate the Second, Fourth, and Fifth Amendments, create a de facto registry, impose costly burdens on lawful businesses, and fail to stop criminals. Several opponents also raised concerns about litigation costs and the effect on rural gun owners. Committee members then questioned the sponsors and debated the bill’s definitions, recordkeeping, confidentiality, and dealer requirements. Senator Duhigg offered and the committee adopted several amendments, including removing narrow loss-language tied to fire/theft/flood, changing backup timing language back to the federal standard, and revising the confidentiality/IPRA language to protect names and personal identifying information of transferees. The sponsors said the bill was intended to align with or build on federal standards in some areas while adding state-level dealer oversight. The chair allowed extended amendment discussion and indicated the committee would continue working through the substitute bill.
KY
Transcript Highlights:
  • "So, nominal decrease." "Yeah, decrease. Nominal decrease." "Okay. Thank you." "All right.
  • &gt;&gt; So,<00:25:23.679><c> nominal</c><00:25:24.240><c> increase.
  • </c> &gt;&gt; So, nominal increase. &gt;&gt; So, nominal increase.
  • Nominal decrease. &gt;&gt; decrease. Nominal decrease.
  • A witness explained that “transaction and activation of services” means logistical support.
Summary: The Government Contracts Committee first approved the minutes from its July 8 meeting and then moved through a large agenda of contracts and deferred items. The committee deferred a Kentucky Education Television contract because the vendor was still not registered with the Secretary of State, and also deferred a University of Louisville contract to the September meeting at the university’s request. Both motions passed by roll call. The committee then took up a contract with the Department for Behavioral Health, Developmental and Intellectual Disabilities for Seven Counties Services. Committee members questioned why the state continues funding the provider despite its ongoing bankruptcy tied to unpaid retirement contributions, how the funding split is determined, whether the state had explored other providers or direct state delivery, and whether all services in the contract are truly required by statute. Agency officials said Seven Counties is the statutorily designated community mental health center for the region, serves about 24,500 people, and provides core safety-net services that would be difficult to replace; they also said the bankruptcy dispute is still ongoing and the contested amount is about $20 million. The committee ultimately deferred the contract to the next meeting and requested additional information on the scope of services and potential offsets or recovery of unfunded liabilities. The final deferred item was a Department for Community Based Services contract with Youth Villages for the Intercept program. DCBS explained that the program is used because it is an approved evidence-based service under the Family First Prevention Services Act, that Youth Villages has Kentucky staff and offices even though it is headquartered in Tennessee, and that the contract is intended to support intensive in-home services, foster care stabilization, and family reunification. Members asked why the services could not be provided in-house, whether Medicaid should cover more of the cost, and whether the state requires the provider to bill Medicaid as a payer of last resort. DCBS said it would verify billing and funding details and provide them back to the committee. The committee then voted to defer the contract to the next meeting.
AZ
Transcript Highlights:
  • The Senate amended the bill by removing the late filing penalty exemption for transactional privilege
  • Filing penalty exemption for transactional privilege tax taxpayers.
  • governing board members who fail to complete the required training program from being a candidate for nomination
Summary: The Republican caucus reviewed a long list of House bills returned from the Senate with amendments, generally asking staff to describe the changes and then confirming whether the sponsor concurred. Many measures were accepted with little or no debate, including bills on tax filing penalties (HB 2016), court-ordered restitution for homeless or indigent defendants (HB 2028), vaccination and mask restrictions (HB 286), bullion investments by the state treasurer (HB 2140), nursing care complaint timelines (HB 2195), privacy protections for county records (HB 2327), cold plunge regulation (HB 2439), medical records access timelines (HB 2557), licensing board procedures (HB 2660), school and public records provisions, AI governance (HB 2592), fingerprint clearance temporary work authorization (HB 2916), development fees (HB 2946), affordability infrastructure districts (HB 2999), distracted driving penalties (HB 2109), health aide scope of practice (HB 2189), eviction record sealing (HB 2244), backyard structure rules in planned communities (HB 2342), inmate transition services (HB 2440), nuclear-ready community designation criteria (HB 2456), address confidentiality protections (HB 2594), groundwater/medical reimbursement changes (HB 2932), traffic citation signature authority (HB 2369), advanced math enrollment (HB 2423), school district training and intervention requirements (HB 2435), job order contracting limits (HB 2482), special education and placement rules (HB 2621), DCS parent rights notice changes (HB 2661), domestic violence expert testimony standards (HB 2662), inmate mental health study committee provisions (HB 2673), legislative subpoena enforcement (HB 2745), ACA trade office oversight (HB 2752), utility reporting changes (HB 2756), Native American language proficiency credit (HB 2895), mental health judicial review timelines (HB 2923), mobile food vendor licensing (HB 2118), medical intervention/school attendance rules (HB 2248), school board finance training (HB 2379), and school board meeting access/video requirements (HB 2380). Sponsors repeatedly stated they concurred with the Senate amendments, and no roll-call votes were taken in the transcript. A few items were set aside or sent back, including HB 2035 and HB 2249, and one bill (HB 2594) was left pending because the sponsor had not yet responded.
AZ
Transcript Highlights:
  • The Senate amended the bill by removing the late filing penalty exemption for transactional privilege
  • The filing penalty exemption for transactional privilege tax taxpayers.
  • governing board members who fail to complete the required training program from being a candidate for nomination
Summary: The Republican caucus reviewed a long list of House bills with Senate amendments, mostly hearing brief staff summaries and sponsor comments on whether they concurred. Topics included tax filing penalties, water and court procedures, vaccination and mask rules, bullion investment, nursing care complaint timelines, privacy protections for property and voter records, medical-record access, professional licensing procedures, school and family law changes, public records access for legislators, AI procurement, fingerprint clearance for traffic survival school instructors, development fees, infrastructure districts, distracted driving penalties, health aide scope of practice, eviction record sealing, backyard structure rules in planned communities, inmate transition services, nuclear-ready community designation, DCS parent-rights notices, domestic-violence evidence standards, inmate mental health study committee, legislative subpoena enforcement, trade office oversight, public power reporting, Native American language proficiency, mental health judicial review timelines, mobile food vendor licensing, medical-intervention requirements in schools, and school board training and meeting transparency. In most cases, the sponsor or a representative indicated concurrence with the Senate amendments, and the caucus generally moved through the bills without extended debate. A few bills drew brief explanation from sponsors about the policy purpose, such as aligning nursing-facility oversight with federal requirements, improving access to medical records, clarifying rules for licensed health aides, and adjusting school-related provisions. Some bills were noted as being sent back to the Senate or otherwise set aside, including HB 2035 and HB 2249. No formal votes were taken in the transcript; the meeting functioned as a caucus review of Senate amendments and sponsor concurrence before floor action. The caucus concluded after HB 2380, with members thanked for attending.
TX
Transcript Highlights:
  • I did, since there have been the issues with the act. who transactions in the past has delayed by ability
  • I see the transaction online, but I wouldn't have the funds yet. So I did actually do that.
  • Okay, our next agenda item relates proposing a nominating committee for the election of the next chair
  • this election take place at the first commission meeting held after June 1st of each I'm going to nominate
Summary: The Texas Ethics Commission met on March 11, 2025, first in executive session and then in open session. The chair announced that, in light of Texas Attorney General Opinion KP-484, the commission would conform its practices to the opinion and move to repeal tolling rules for sworn-complaint deadlines. The chair also said the commission would dismiss 36 pending sworn-complaint cases in which the 120-day settlement deadline had been exceeded, even though the delay had been tolled under prior TEC rules. The commission then set future meeting dates for June 12 and September 17 and approved prior meeting minutes. The commission adopted a new criminal-referral rule clarifying that, once jurisdiction over a complaint is accepted, commissioners may vote to make a criminal referral. It also adopted revised advisory-opinion rules, with a clarifying amendment from a commenter, and republished proposed changes to the definition of “principal purpose” for political committees after staff recommended a 49 percent political-activity threshold and further public input. The commission published for comment proposed changes to ethics training rules, facial-compliance review procedures, late-filing waiver and reduction rules, and sworn-complaint procedures, including tighter discovery limits, a default-order set-aside process, and removal of tolling language inconsistent with KP-484. It also republished Chapter 28 rules on Speaker-candidate reporting. The commission adopted several advisory opinions. It declined to give an affirmative defense on whether certain school-district communications were political advertising because related litigation had already addressed the issue. It reaffirmed that a House member may use donated district-office space if it is not reimbursable with public funds and was accepted before the contribution moratorium. It also concluded that a judge may use political funds for travel to a Navy-hosted event as a local dignitary, that legislators’ use of a corporate aircraft for a border-region fact-finding trip could be permissible but would likely trigger reporting obligations, that a TCEQ commissioner’s revolving-door restrictions apply only to matters actually placed before the commissioner, and that a part-time legislative staffer may not take outside employment assisting a registered lobbyist. The commission then heard and acted on numerous fine-waiver appeals, granting several full waivers or reductions and approving staff recommendations on others, and terminated a number of inactive campaign treasurer appointments. Finally, the executive director briefed the commission on the 2025 legislative session, noting that staffing requests are tied to Sunset recommendations and that the House had preliminarily recommended about half of the commission’s appropriations requests.
TX

Texas 89th Regular

Judiciary & Civil Jurisprudence Mar 12th, 2025

Judiciary & Civil Jurisprudence

Transcript Highlights:
  • proposed committee members are indeed independent and disinterested to review and approve internal transactions
  • that that these claims are brought for the benefit of the corporation's shareholders and not by mere nominal
  • And then based on that outside counsel advice, we proceeded with the transaction.
  • We have since been facing derivative action in Delaware on that exact transaction.
  • . would come out against us in that regard, we would have restructured the transaction and our review
Bills: HB32 , HB15 , HB171 , HB421 , HB581 , HB644 , HB745 , HB349 , HB917 , HB204 , HB923 , HB15 , HB171 , HB204
NH
Transcript Highlights:
  • </c> included what I'd call a nominal included what I'd call a nominal prohibition<00:20:16.320><c> on
  • So I'm I'm curious how the transactions.
  • </c> coordinate those types of transactions. coordinate those types of transactions.
  • and two the need for their transacting and two the need for their native<01:38:30.000><c> token.
  • transactions and and activity<01:39:04.560><c> from</c><01:39:04.800><c> you.
Summary: The meeting began with roll call and introductions of commission members and guests, followed by approval of the agenda and a motion to approve the February 10 minutes with a correction clarifying that one quoted statement was misattributed. The commission then moved into presentations. The main presentation came from the Conference of State Bank Supervisors on implementation of the federal GENIUS Act for stablecoins. The speaker reviewed the OCC’s recent 367-page proposed rule, noting it raises many open questions and design choices for states, and discussed expected upcoming rulemaking from the FDIC, Federal Reserve, and Treasury. The presentation focused on six areas: permissible issuer activities, reserve assets and redemption, risk management and supervision, treatment of state-qualified issuers, capital/operational backstops, and foreign issuers. It also flagged unresolved issues around Bank Secrecy Act/AML requirements and the meaning of “digital asset service provider” activities. A substantial portion of the discussion addressed yield restrictions, with the presenter explaining the OCC’s broad definition of yield and its rebuttable presumption against issuer-affiliated or related third-party yield arrangements. The speaker said this likely forecloses many existing white-label structures but leaves some room for third-party payments depending on distance from the issuer, and noted ongoing Senate debate over similar provisions. The presentation also covered reserve valuation, liquidity and diversification requirements, redemption timing, and supervisory expectations such as third-party oversight, IT security, exam cycles, and reporting. No additional votes or formal actions were taken beyond approving the amended minutes.
ID

Idaho 2026 Regular Session

Jan 27th, 2026

Transportation

Transcript Highlights:
  • also have the division of motor vehicles, which serves over 100 county DMV offices, 3.5 million transactions
  • Last year, 1.8 million transactions were Skip the Trip.
  • That's well over half of registrations, and we're getting just about half of all of our vehicle transactions
  • We're getting just about half of all of our vehicle transactions are Skip the Trip, where they didn't
  • And you can see that public schools has not quite doubled over that 10-year period in nominal appropriations
HI

Hawaii 2025 Regular Session

JHA Public Hearing - Tue Feb 25, 2025 @ 2:00 PM HST

Judiciary & Hawaiian Affairs

Transcript Highlights:
  • This measure imposes a daily maximum of $1,000 on transactions through a digital financial asset transaction
  • report for transactions above $1,000.
  • <01:23:22.639><c> report</c><01:23:23.280><c> for</c><01:23:23.480><c> transactions</c> transaction report
  • for transactions transaction report for transactions above1<01:23:24.679><c> ,000</c><01:23:25.679><
  • </c> fees that are paid for a very nominal fees that are paid for a very nominal fee<01:36:06.639><c>
Summary: The committee first heard House Bill 302, which would repeal the requirement that a provider-patient relationship for medical cannabis certification be established in person first. The Department of Health said it supported the House Draft 2 version as a way to expand patient access, and several testifiers from the medical cannabis community and dispensary industry supported the bill, especially for patients on outer islands or those unable to travel. One witness asked that earlier language removed in committee be restored to further improve access. Representative Shimizu asked whether follow-up in-person visits would still occur, and DOH responded that this varies by provider, with some continuing in-person care and others moving to telehealth for chronic conditions. The committee then took up House Bill 712, relating to the federal 340B drug pricing program and contract pharmacies. The Office of Consumer Protection and the Attorney General’s office both said they supported the bill’s purpose but wanted it clarified and possibly moved into a standalone chapter rather than chapter 481B. Supporters, including Hawaii Pacific Health and the Queen’s Health Systems, said the bill is needed to protect safety-net funding and access to discounted drugs, citing large financial benefits from 340B and losses caused by manufacturer restrictions on contract pharmacies. PhRMA opposed the bill, arguing the issue is not access to discounts but accountability and transparency in how contract pharmacies distribute benefits, and said it was willing to discuss amendments. Members asked follow-up questions about whether there was data showing misuse; PhRMA said it did not have numbers, while hospital witnesses said the program is federally audited and used appropriately in Hawaii. Finally, the committee heard House Bill 1482, HD1, which would tighten hemp and controlled-substance definitions to exclude Schedule I cannabinoids from manufactured hemp products and clarify the treatment of artificially derived cannabis. The Department of Health supported the measure, saying it adds clarity to existing prohibitions. Kūre Hawaii and other supporters said it would close loopholes involving Delta-8 and similar products. An individual testifier urged stronger language to also cover compounds such as HHC, THCA, THCP, and THCO. In response to questions about enforcement against mislabeled hemp products, DOH explained that THC percentages are relative to product weight, that some products can remain under the hemp threshold while still containing significant THC, and that hemp flower is already prohibited from direct retail sale, though enforcement can be complicated and involves both administrative and criminal authorities.
AZ

Arizona 2026 Regular Session

03/09/2026 - Senate Finance

Senate Finance Committee of Reference

Transcript Highlights:
  • Connolly has been nominated to serve on the ASRS Board as a public member who is not a member of ASRS
  • Charles Essex has been nominated to serve on the ASRS Board as a member who is a retired member.
  • exempts the gross income derived from renting required college textbooks from a bookstore from the transaction
Summary: The Senate Finance Committee approved the February 16, 2026 minutes and then heard House Bill 2173, which would let tax officers and taxpayers communicate electronically about proposed property tax corrections or claims unless certified mail is required. County and assessor representatives supported the bill as a modernization measure, and the committee voted 6-0 to give it a do pass recommendation. The committee then considered several Arizona State Retirement System-related measures and nominations. It recommended confirmation of Thomas J. Connolly as a public member of the ASRS Board and Charles Essex as a retired member, both by 6-0 votes. The committee also passed House Bills 2089, 2090, and 2092, which clarified ASRS health subsidy eligibility, changed the disability determination timing for long-term disability benefits, and adjusted the waiver window for new eligible members age 65 or older. Each of those bills received unanimous or near-unanimous support. Members next approved House Bill 2693, as amended, which revises Arizona’s association health plan and multiple employer welfare arrangement rules to align with current federal law and adds a study by the Department of Administration on state and school employee health insurance options. Supporters said it could expand affordable coverage for small businesses, while Senator Epstein raised concerns about consumer protections, preexisting conditions, and prior fraud issues; the bill passed 5-1. The committee also passed House Bill 2120, allowing Social Security disability determination letters to help certify eligibility for the property tax exemption for disabled persons, and House Bill 2138, clarifying workers’ compensation coverage for firefighters traveling directly to or from duty, both with some discussion but no opposition. Finally, the committee approved House Bill 2273, which creates a one-time $300 income tax rebate for certain Pinal County residents using remaining escrow funds from the county transportation tax litigation, though members debated whether the money should instead go to roads. The bill passed 3-2 after comments from the sponsor, a Pinal County mayor, and senators who said they wanted the funds directed to transportation projects. The committee then passed House Bill 2786, exempting income from renting required college textbooks from transaction privilege tax, and adjourned.
FL
Transcript Highlights:
  • as Starwood Property Trust, the publicly traded real estate investment trust, where I chair the nominating
  • ... ...with Property Trust, a publicly traded real estate investment trust, where I chair the nominating
  • working diligently to strengthen our governance and oversight and cyber resilience so that every transaction
  • I think based on her previous board participation, it was very relevant to this current board nomination
  • I think based on her previous board participation, it was very relevant to this current board nomination
Summary: The Appropriations Committee on Higher Education met to hear confirmation testimony for a large slate of university and state college trustees. Most of the discussion centered on the nominees’ backgrounds, ties to their institutions, and priorities such as student success, workforce development, financial sustainability, research growth, housing, and maintaining or improving university rankings. Several University of Florida trustees emphasized campus improvements, “One UF” integration, institutional neutrality, and ambitions to move UF into the top tier nationally. Other nominees highlighted goals for Florida A&M, Florida Atlantic, UCF, Florida State, Florida Poly, the Florida Prepaid College Board, and several state colleges, with recurring themes of affordability, economic mobility, cybersecurity, and keeping Florida students in-state for college and careers. Public testimony was heard on the Florida A&M appointment, where Elijah Hooks spoke in opposition to the current administration and described his expulsion, arrest, and trespass from the university after protesting the selection of President Marva Johnson. During questioning of FAU nominee Tina Vidal-Duart, senators asked about her prior service on the Hope Florida Foundation board and about reports concerning CDR Health’s contracting practices; she said she was not aware of the foundation issues at the time and noted that CDR’s state contract was a flat daily rate, so subcontractor pricing affected only the company’s internal margins. Other nominees received little or no questioning. At the end of the meeting, the committee voted to confirm all nominees except Tina Vidal-Duart separately. Senator Bracy Davis requested the separate vote and opposed her confirmation, citing concerns related to her Hope Florida Foundation board service. Despite that objection, the committee ultimately voted to report Vidal-Duart favorably as well. The committee also noted that one University of West Florida nominee would be taken up at a later hearing because he was unable to attend.
MA

Massachusetts 2025-2026 Regular Session

Joint Committee on Ways and Means Jun 21st, 2026 at 12:00 pm

Joint Committee on Ways and Means

Transcript Highlights:
  • Since the reports on licenses and transactions, the Commonwealth.
  • Since the reports on licenses and transactions, The annual license and transaction reports are by calendar
  • Higher inflation boosts nominal tax collections, though it does not improve our ability to productively
  • profits are expected to increase, uh, Corporate profits are expected to increase 20.3%, and this is a nominal
Summary: The Senate and House Ways and Means chairs opened the FY 2027 consensus revenue hearing by emphasizing the need for a balanced, fiscally responsible budget amid federal funding cuts, health care cost pressures, and uncertainty around the federal tax law changes referred to as OB3. They also noted the state’s current revenue performance is slightly above benchmark and paid tribute to the late Representative Anne Margaret Ferranti. Secretary of Administration and Finance Matthew Gorkowitz echoed the call for caution, saying Massachusetts has protected core services while building reserves and that the FY27 budget process begins with a careful revenue estimate. Department of Revenue Commissioner Jeff Snyder, along with DOR staff, presented FY26 and FY27 tax forecasts and identified major drivers and risks: OB3’s negative impact on state revenue, surtax collections, labor market conditions, capital gains, and corporate/business excise taxes. DOR estimated OB3 would reduce FY26 revenue by about $664 million and FY27 by about $282 million, while surtax and capital gains were expected to remain strong in FY26 but soften in FY27. Members questioned the outlook for surtax, capital gains, and the potential fiscal effect of a ballot question reducing the income tax rate from 5% to 4%; DOR said that proposal could cost roughly $4.2 billion to $4.8 billion annually, with a smaller but still significant impact in FY27 because of phase-in timing. Treasurer Deb Goldberg testified next on the stabilization fund, lottery, PRIM, unclaimed property, and the Alcoholic Beverages Control Commission. She reported the rainy day fund at about $8.1 billion, said the lottery was on track for $1.5 billion in FY26 net profit and projected $1.25 billion in FY27, and highlighted that iLottery is expected to launch in summer 2026 with revenue beginning in FY27 and dedicated to child care initiatives. She also described strong PRIM performance and record unclaimed property returns, while members asked about the child care use of iLottery revenue, multilingual outreach, and the economic impact of expanded liquor licensing. Mass Taxpayers Foundation President Doug Howgate and Tufts’ Evan Horowitz then offered differing revenue outlooks and policy warnings. Howgate projected modest growth, cautioned against overusing reserves for ongoing obligations, and urged caution on federal tax conformity changes and health care spending pressures. Horowitz projected higher FY26 and FY27 revenues than other witnesses, warned that the surtax and capital gains make the tax system more volatile, and said a 4% income tax ballot question could reduce FY27 revenues by roughly $800 million to $1 billion. He also flagged the rent control ballot question as a potential risk to municipal finance and suggested the state consider giving a permanent home to the independent revenue model used by Alan Clayton-Matthews.
LA

Louisiana 2026 Regular Session

House and Governmental Affairs Mar 18th, 2026

House and Governmental Affairs

Transcript Highlights:
  • The nominating petitions, if you submit a nominating petition in these closed primary elections, for
  • example, does the language in the bill change all nominating petitions or just nominating petitions in
  • The same law for all nominating petitions?
  • You get a person to sign a nominating petition. That person has to sign it.
  • on the nominating petition?
Bills: HB117 , HB228 , HB250 , HB260 , HB393 , HB400 , HB446 , HB534 , HB551 , HB576 , HB842