Transcript Highlights:

• Each of those commissioners has a specific Role. I'll use a couple of examples.
• I am concerned that when it comes to the public entity, they will never lose their insurance, and we
• Entity, they will lose their insurance.
• And that wrongful death increased their insurance from one claim... by $170,000, and that nursing home
• I'm sorry, the Commissioner shall serve until all of the claims are dissolved.

Bills: HB97, HB280, HB183, HB151, HB202

Keywords: Shaken Baby Syndrome, abusive head trauma, child safety, training and education, healthcare funding, youth internships, workforce development, education, grant funding, employment, drinking water, water quality, environment, public health, water filtration, private well testing, federal funding, childhood sexual abuse, time limitations, civil actions

Transcript Highlights:

• As you know, there continue to be many financial challenges such as health insurance costs, affordable
• housing, rising grocery prices, rising car and homeowners insurance teachers deal with every day.
• What this amendment does is the original language says insurance companies, but they use third-party
• We have Doug Bell, Progressive Insurance is a proponent of the bill.
• Currently in Hillsborough County we have seven county commissioners, so it would get rid of the three

Transcript Highlights:

• The urban growth boundary is set by the county commissioners, who recently our own county commission
• The urban growth boundary is set by the county commissioners, who recently our own county commission
• Senator Martin, disabuse me of the notion that this is an insurance company relief act or a trial bar
• I would be surprised if any trial bar or any insurance lobbyists are registered on this bill.
• And it allows for duly elected city and county commissioners to be removed from office for alleged...

Summary: The committee first considered CS/SB 1434 on infill redevelopment. A late-filed strike-all amendment narrowed eligibility to certain contaminated or brownfield properties in Miami-Dade, Broward, and Palm Beach counties, added adjacency and density/intensity limits, and excluded agricultural land, park land, land outside the urban growth boundary, and land near military installations. The amendment was adopted without opposition, and the bill was reported favorably on an 8-0 vote, with limited support and opposition noted in waived appearance forms. Members then took up CS/CS/SB 212 on sexual offenders and sexual predators. The strike-all added public swimming pools and related child-centered locations to residency and presence restrictions. Testimony was sharply divided: proponents argued the bill would help protect children and law enforcement, while opponents, including treatment experts and homelessness advocates, said there was no empirical evidence the restrictions reduce abuse and warned of retroactive punishment and increased homelessness. The amendment was adopted, and the bill passed 8-1. The committee also approved CS/CS/SB 686 on agricultural enclaves after an amendment allowing certain enclaves adjacent to interstates to be developed for commercial, industrial, or single-family residential uses and clarifying exclusions for protected areas. Opponents argued it would weaken zoning and comprehensive plans, while supporters framed it as a property-rights measure; the bill was reported favorably 10-0. SB 554 on nonprofit corporations, a technical update to nonprofit law modeled on prior for-profit corporate revisions, also passed unanimously after supportive waived testimony. Later, the committee approved SB 1338 on charitable giving, which creates a donor remedy for endowment restrictions and limits state reporting burdens on certain regulated or exempt organizations; members discussed cy pres and the sponsor said further changes would be worked out later. CS/SB 532 on court fees was amended to let clerks retain all collections above revenue projections rather than half, with supporters saying clerks have been underfunded for years; it passed 10-0. The committee also favorably reported SB 218 on land use regulations, which restores normal land-use authority to counties not affected by recent hurricanes, and CS/SB 692 on cybersecurity standards and liability, which creates a presumption against liability for entities that comply with cybersecurity frameworks and reporting requirements; the cybersecurity bill drew concerns about retroactivity and the adequacy of compliance incentives but passed 9-2.

Transcript Highlights:

• Our insurance wrote letters saying they have to have a perimeter fence. Cattle do get out.
• Our insurance wrote letters saying they have to have a perimeter fence. Cattle do get out.
• They can collect life insurance and they can pay this off.
• Commissioner Comer made an impact in education.
• Commissioner Shell has taken that and is doing the same thing and making it a priority.

Keywords: Meeting Start: 00:00:00 Attendance Roll Call: 00:00:24 Approval of September 18, 2025 Minutes: 00:02:03 Discussion on the Condemnation of Agricultural Land: 00:03:12 Discussion on the Kentucky Urban Youth Agriculture Initiative: 00:50:00 Adjournment: 01:19:10, 958, all

Summary: The Joint Agriculture Committee met in October with a quorum present and approved the September minutes. The main presentation focused on condemnation of agricultural land and eminent domain, featuring testimony from Stephanie Barnett of a family-run livestock and farming business in Todd County, with support from Kentucky Farm Bureau. Barnett described a state road project that would take about 29 feet of frontage and affect entrances, fencing, a sign, drainage, a water well, and parking, saying the process involved poor communication, correspondence sent to the wrong address, and limited opportunity to negotiate changes such as a turning lane or relocated entrances. She said the business was not opposed to progress, but wanted the property restored and fairly compensated for the full impact on the operation, not just the land value. Committee members broadly agreed that eminent domain is sometimes necessary but should be handled with more transparency, communication, and fairness. Several members said the issue affects both rural and urban property owners and raised concerns about fair market value, compensation for agricultural infrastructure improvements, long-term impacts on farm operations, and the cost and delay of litigation. One member asked about the firm involved and suggested hearing from the people responsible for the correspondence problems; Barnett said she would share names after negotiations conclude. Another member noted that the maps had already been drawn before the landowner was brought in and said local meetings and clearer public input could reduce conflict. Chairman Dossett said he was interested in pursuing legislation for the upcoming session focused on property owner protection, fair treatment, and fair compensation, not just for agricultural land but for all Kentucky property owners. Members discussed possible ideas such as requiring better notice, more public transparency, and accounting for related costs like wells, fencing, drainage, and access changes. No votes or formal actions were taken beyond the approval of minutes and the discussion of potential future legislation.

Transcript Highlights:

• to avoid double dipping and a need for the commissioner to collect overpayments from the employee.
• to avoid double dipping and a need for the commissioner to collect overpayments from the employee.
• to avoid double dipping and a need for the commissioner to collect overpayments from the employee.
• They don't have an option not to provide that health insurance coverage the following year.
• county who has an 18% health insurance county who has an 18% health insurance increase<01:19:30.280

Keywords: 1183, house

Summary: The committee’s first official meeting was framed as an informational session, with the chair saying no legislation would be acted on and that testimony would focus on what is working and not working for businesses and workers in Minnesota. The stated topics included earned sick and safe time, paid family and medical leave, labor shortages, and broader business climate concerns. The chair also noted the absence of DFL members and invited questions to be held until the end so testifiers could present fully. Lauren Shodor of the Minnesota Chamber of Commerce argued that Minnesota’s business climate has worsened because of high taxes, rising costs, regulation, and new workplace mandates. She cited chamber survey and research findings saying more businesses are considering leaving the state, that Minnesota companies are investing more in other states than vice versa, and that the state lags national growth rates. She said employers are especially concerned about earned sick and safe time and the upcoming paid family and medical leave program, which the chamber believes add compliance burdens and costs, particularly for small and medium-sized businesses. Matt Hilgart of the Association of Minnesota Counties said the new leave laws affect county budgets and operations because labor is the main county cost and services are often state-mandated. He said the programs were imposed outside the collective bargaining process and can duplicate existing county benefits, increase costs, and create staffing and service challenges. He asked for changes including clearer premium-sharing language, exclusion of elected officials and short-term election workers from paid leave requirements, better exemption and private-plan rules, coordination requirements for intermittent leave, and more clarity for essential employees during weather emergencies. Owen Worth of the League of Minnesota Cities said cities are facing similar implementation problems, with overlapping leave policies and concerns about stacking state and federal leave rules, and he indicated the league would support changes to reduce administrative and budget pressures on cities.

Transcript Highlights:

• not just in housing it's in insurance not just in housing it's in insurance it's<00:53:37.280>
• interest more insurance, that'll interest more insurance<00:54:11.599> companies<00:54:12.079
• insurance companies to service us. insurance companies to service us.
• <00:54:19.040> So, insurance also. So, insurance also.
• interest there is from insurance interest there is from insurance companies.<00:54:24.160> So

Keywords: 916, all

Transcript Highlights:

• I'll now hand it over to Commissioner Martinez. Thank you, Commissioner Othega.
• And now we'll pass it to our... now it's Commissioner Pershal. Commissioner Terry.
• Thank you, Commissioner Martinez, Commissioner Ortega, and I guess now it's good afternoon.
• I'll say thank you, Commissioner.
• Chair, Secretary, Commissioner and Commissioners. Thank you so much.

Keywords: 995, all

Summary: The hearing was a Joint Committee on Ways and Means budget session held in Lawrence focused on the governor’s proposed FY27 education and local aid budget, with remarks from legislative co-chairs, local officials, and education agency leaders. Acting Mayor Giovanni Rodriguez and Superintendent Ralph Carrero emphasized Lawrence’s high-need student population, the importance of Chapter 70 and Student Opportunity Act funding, and the impact of state aid on schools serving many English learners and low-income families. Carrero highlighted Lawrence High School programs such as early college, dual degrees, career pathways, and early childhood classrooms embedded in the high school, while lawmakers introduced themselves and noted the importance of the hearing to their districts. Acting Secretary of Education Amy Kershaw, Commissioner of Higher Education Noi Ortega, Commissioner of Elementary and Secondary Education Pedro Martinez, and Commissioner of Early Education and Care Amy Kershaw outlined the administration’s FY27 priorities. They described investments in literacy initiatives, universal school meals, student mental health, early college and career pathways, higher education affordability, community college and university student-success supports, preschool expansion, child care subsidies, and workforce supports for early educators. The commissioners also discussed federal funding threats, equity gaps, and the administration’s efforts to improve outcomes for Black and brown students, multilingual learners, students with disabilities, and low-income students. Members questioned the panel about the local contribution formula study, the final year of Student Opportunity Act implementation, and the need to revisit Chapter 70 funding to better address rising costs such as special education, transportation, and health care. Officials said the local contribution study report is expected by the end of June, with a draft to be shared after data analysis and public comment. Commissioner Martinez said the Student Opportunity Act narrowed funding gaps but more work is needed, and he pointed to a proposed Accelerating Achievement Initiative to support the highest-need schools. Senator Oliveira also raised concerns about Chapter 70 disparities and asked about partnerships with libraries to support literacy, prompting discussion of broader early literacy collaboration.

Transcript Highlights:

• . >> Eric South, Uinta County Commissioner, also a family of timber operators.
• I am a county commissioner from Teton County, Wyoming, and this is my first time giving testimony to
• ,<00:47:41.520> Wyoming, commissioner from Teton County, Wyoming, commissioner from Teton
• <00:48:48.240> And<00:48:48.400> those house can't get insurance.
• And those house can't get insurance.

Bills: HB0078, SF0012, SF0013, SF0052, SF0069, SF0070

Keywords: forest health, grant program, state forester, wildfire prevention, environmental conservation, habitat improvement, military, national guard, reenlistment, extension bonus, funding, Wyoming, Wyoming National Guard, recruitment, referral bonus, military service, eligibility expansion, incentive program, wildlife management, environmental restoration

Transcript Highlights:

• the B uh columns the commissioner the B uh columns the commissioner mentioned<00:07:58.599> that
• You have a letter in front of you from the insurance commissioner. It's self-explanatory.
• <00:12:20.720> uh in front of you from the insurance uh in front of you from the insurance
• commissioner it's self-explanatory he's commissioner it's self-explanatory he's basically<00:12:
• <03:15:05.279> last thinking of from the commissioner last thinking of from the commissioner

Keywords: 928, house, all

Summary: The committee met in a work session on revenue estimates and reviewed updated spreadsheet pages for several tax categories, using prior agreements and new testimony to refine FY 2025-2027 estimates. Early discussion covered insurance tax estimates, where members reviewed a letter from the insurance commissioner saying he was comfortable with the numbers provided; the committee accepted those estimates without opposition. Members also discussed utility property tax, with testimony about recent infrastructure buildout, tariffs, depreciation, and the difficulty of forecasting future growth. After debate over whether to use the average of high and low estimates or lean lower, the committee unanimously adopted the utility property tax numbers. The committee then turned to real estate transfer tax and communications tax. For real estate transfer tax, members cited county input, housing market conditions, interest rates, lumber costs, and uncertainty about future policy; they agreed to use the averages and adopted those estimates unanimously. For communications tax, members noted the decline in landline-based revenue and the shift to data services. After discussion of whether to use the low estimate or the average, the committee settled on the average with a small rounding-down adjustment when the figure ended in .5, and adopted the numbers unanimously. The chair also clarified that these estimates remain subject to change until the final resolution is adopted. The committee next accepted interest and dividends estimates as presented, with members noting the decline in that revenue source and the lack of additional information beyond the department’s analysis. Finally, the committee began discussing tobacco tax revenue, with members noting long-term declines in smoking, offsetting effects from out-of-state sales, and a suggestion to take a slightly conservative approach by reducing the average by 0.5. The transcript cuts off during that discussion, so no final vote on tobacco is shown in the excerpt.

Transcript Highlights:

• I've been working with national experts, been talking to our insurance community.
• respond to these requests from insurers because we need their input.
• And from a policy perspective, I just decided it's better to allow the insurance...
• Two-thirds of our population are insured.
• Mike Sontag with the Utah Health Insurance Association.

Keywords: 985, all

Transcript Highlights:

• , the insurance commissioner, the Labor Commissioner.
• , the insurance commissioner, the Labor Commissioner.
• the revenue commissioner commissioner the revenue commissioner the<00:36:12.640> insurance<00
• :36:13.119> commissioner<00:36:13.839> the<00:36:14.000> Labor the insurance commissioner
• the Labor the insurance commissioner the Labor Commissioner Commissioner Commissioner um<00:36:17.400

Keywords: 928, house, all

Summary: The committee first took up House Bill 313 and, on motion by Representative Perez, voted to retain the bill because members felt it needed further work and was not ready for final action. The motion passed 18-0, and no further action was taken on the bill. House Bill 391, an anti-SLAPP measure, was then discussed; supporters said it addressed a real problem and should move forward, while opponents raised concerns that it was too broad, could affect criminal cases, and might create procedural complications. The committee voted 18-0 to retain HB 391 as well, and it was placed on consent. The committee next considered House Bill 462, establishing a cause of action for unwarranted video imaging of residential properties. Representative McFarland moved OTP, saying the bill raised First Amendment and property-rights concerns. The motion passed 18-0, and the bill was also placed on consent. The committee then turned to House Bill 509, which would require reporting on forfeitures. Supporters argued the information was useful for future legislation, while opponents said the reporting would be costly, duplicative, and potentially split data across fiscal years. The committee voted 11-7 to recommend OTP, with a minority of members opposed. House Bill 520, authorizing Department of Education hearing officers to issue subpoenas, drew the most extended debate. Supporters argued DOE needed the same tools other agencies have, while opponents said DOE already had access to needed information, the Attorney General could handle subpoenas, and the bill would create an unbalanced process and raise due process and student-record concerns. Representative Tur offered Amendment 0842H to shift subpoena power from DOE hearing officers to the Attorney General; after debate, the amendment failed 10-8. The transcript cuts off as the committee begins the roll call on the underlying bill after rejecting the amendment.

Transcript Highlights:

• Now, I've had conversations with some of these, particularly commissioners and others.
• They can't—the county commissioners can't just say, 'Oh, we're not going to maintain your road; we're
• I don't know how comfortable I would be having our State Tax Commissioners...
• Insurance goes up, everything goes up: utilities, expenses...
• Insurance goes up, everything goes up: utilities, expenses, and we work with them.

Keywords: 959, house, all

Transcript Highlights:

• to demonstrate that they provide enforcing federal protections that require insurers to demonstrate
• Here with me today is Miguel Bastidas with the California Department of Insurance. Thank you.
• I'm with the California Department of Insurance here in the leadership of insurance.
• I'm with the California Department of Insurance, here in the leadership of Insurance Commissioner Ricardo
• Stephanie Watkins, on behalf of the Association of California Life and Health Insurance Companies, in

Summary: The Assembly Appropriations Committee met on April 8, 2026, with a quorum established and 59 bills listed for consideration. The committee first approved two consent calendars: several bills were sent to the Assembly floor on a due-pass basis, and a smaller set was approved due-pass but not eligible for the floor consent calendar. The proposed suspense calendar was then deemed approved without individual debate on those measures. The committee heard several bills in regular order. AB 1977, sponsored by the Secretary of State, would clean up and clarify the Online Notarization Act to support implementation by 2030; it drew no opposition and was approved. AB 2011 would codify existing federal mental health parity standards into state law; supporters said it would preserve enforcement authority, while health plans opposed it as premature given federal uncertainty and possible premium impacts; the bill was placed on the B roll call. AB 1673 would give county fish and game commissions more flexibility to use certain revenues for wildlife conflict prevention, and it advanced on an A roll call. AB 2233 would allow unused authorized ABA therapy hours for children with autism to be made up within the authorization period; supporters emphasized access and continuity of care, while insurers warned of higher costs and reduced utilization safeguards; it advanced on an A roll call. AB 1660, as amended, would give courts more flexibility in cases involving financial institutions and public guardians/conservators, with supporters saying it could save counties time and money; it was approved due-pass as amended. During general public comment, speakers voiced support for AB 2081 and AB 1667, and opposition to AB 1777. After public comment and final vote recording for absent members, the committee adjourned.

Transcript Highlights:

• insurance insurance or<01:00:34.079> deemed<01:00:34.480> ineligible<01:00:35.200>
• For one thing, it has the commissioner For one thing, it has the commissioner um<01:15:41.040>
• <01:50:31.040> of interpretation by the commissioner of interpretation by the commissioner
• Thank you, members. insurance company. It was it was it was insurance company.
• which means they lose their insurance which means they lose their insurance which<02:33:57.280><

Keywords: 919, house, all

Summary: Senate File 4612, a state government bill affecting the Department of Health, Human Services, and Children, Youth, and Families, was taken up with a House language amendment adopted at the outset. The bill’s authors gave sharply different perspectives: one described it as a limited, reactive measure tied to federal Medicaid changes and said it fell short of needed health care improvements, while the other argued it would avoid large federal penalties, add Medicaid work requirements, save taxpayer money, and help certain rural and disability-related services. Members then debated several amendments. A technical House research amendment was offered, followed by a contested amendment on the all-payer claims database. Supporters of that change argued the bill expanded data access and could allow sensitive health data to be sold or used outside the United States, raising privacy and jurisdiction concerns; opponents said the data would remain deidentified, access would be limited to researchers, and the fee structure was a cost-recovery mechanism rather than a sale. The amendment to the amendment failed on a 67-67 tie, and the underlying amendment was not adopted. The committee also adopted an amendment updating mortuary science rules for natural organic reduction and another that would automatically enroll certain people into medical assistance if they did not choose a program themselves. A later amendment creating a therapeutic psilocybin pilot program for mental health and PTSD treatment drew strong bipartisan support, especially from members citing veteran suicide, trauma, and promising research; it was adopted after discussion. The transcript ended while discussion continued on how the program would be administered, including questions about using the Office of Cannabis Management rather than the Department of Health.

Transcript Highlights:

• , the Weld County Board of Commissioners, the Weld County Board of Commissioners, and<01:00:15.359
• Do they have to have insurance before they can come onto my property, or does my insurance have to cover
• does my insurance have to cover it? does my insurance have to cover it?
• , have homeowners insurance, have homeowners insurance, you<01:38:41.199> know,<01:38:41.360
• And, oh, by the way, I understand everyone has homeowners insurance, Everyone has homeowners insurance

Keywords: 981, all

Summary: The Senate came to order, established a quorum, and approved the journal. It then took up several introductions and resolutions, including House Bill 1139 on artificial intelligence in healthcare and House Bill 1263 on requirements for conversational AI services, both referred to the Business, Labor, and Technology Committee. The chamber also moved out of order to consider resolutions and adopted Senate Joint Resolution 25, recognizing the 150th anniversary of the Colorado Mining Association and its role in Colorado’s history and economy. The resolution passed 34-0, and the current roll call was added as co-sponsors. The Senate also adopted House Joint Resolution 1030, designating a portion of Colorado Highway 14 in Weld County as Mono and Matt Road in memory of Eduardo Mono Hernandez and Matthew Garcia. Supporters described the resolution as a tribute to the two Greeley Central High School student-athletes and to the community’s response after their 2014 deaths. The resolution passed 34-0, and the current roll call was added as co-sponsors. Later, the Senate considered a gubernatorial appointment to the Transportation Commission: Juan Marano of Aurora, to represent the Third Transportation District. The appointment was confirmed on a 19-16 vote. The chamber then took up the third-reading consent calendar and passed House Bill 1235 on medical assistance updates, House Bill 1299 on reducing regulatory burdens on local education providers, and Senate Bill 175 on workers’ compensation experience modification factors. House Bill 1235 passed 31-4, House Bill 1299 passed 35-0, and Senate Bill 175 passed without recorded opposition. On final passage, the Senate adopted a technical third-reading amendment to House Bill 113 on election law changes, then passed the bill 23-12 after debate over election-related vulnerabilities. It also passed House Bill 1346, allowing the Department of the Treasury to sell unsold insurance premium tax credits to non-insurance entities, by 23-12; House Bill 1252, updating state entities responsible for emergency response, by 33-2; House Bill 1010, increasing support for older adults in the workforce, by 23-12; and Senate Bill 177, concerning limited access to adjoining property for repairs, after extended debate in which Senator Kirkmeyer argued the measure infringed on private property rights and should be rejected.

Transcript Highlights:

• We do not have a functioning health insurance market for people with private insurance.
• What happens if we do not shore up both the private insurance and our public insurance safety nets?
• What happens if we do not shore up both the private insurance and our public insurance safety nets?
• No more plugging gaps for people with commercial insurance who can't get access.
• We're an independent state agency led by 27 commissioners.

Summary: The hearing focused first on behavioral health, especially serious mental illness and anosognosia, a condition described by witnesses as a neurological symptom that prevents people from recognizing they are ill. The chair framed the issue around families cycling through emergency rooms, jails, conservatorships, and short-term stabilization without lasting treatment, and warned that federal changes under H.R. 1 could reduce Medi-Cal funding and worsen access. Dawn Marie Anderson gave a personal account of her son’s long history of psychosis, homelessness, arrests, repeated jail and state hospital stays, and eventual stability when he received sustained medication and coordinated support. She argued that the system often treats the problem as criminal rather than medical and that voluntary programs and short-term services are not enough for people who lack insight into their illness. Other panelists, including representatives from the California Behavioral Health Association, Santa Barbara County Behavioral Health, and the County Behavioral Health Directors Association, agreed that anosognosia is not denial or noncompliance and said the system needs long-term, coordinated care, including assertive community treatment, mobile crisis, supportive housing, medication support, and stronger handoffs between county and managed care systems. They said CalAIM and other reforms have improved some coordination, but significant gaps remain, especially for people with serious mental illness, for those in jail or locked settings, and for people with private insurance, which witnesses said often offers little meaningful coverage for early psychosis or intensive behavioral health services. Several witnesses urged the Legislature to protect Medi-Cal, shore up county safety-net services, and invest in training and family engagement. The committee then turned to the Children and Youth Behavioral Health Initiative, with a focus on the virtual services platforms BrightLife Kids and Soluna and the CYBHI fee schedule. DHCS reported strong growth in app registrations, coaching sessions, referrals, and positive user outcomes, saying the platforms provide free, culturally responsive, early-intervention support statewide and help connect users to higher levels of care when needed. On the fee schedule, DHCS said more than 500 LEAs, colleges, universities, and school-linked providers are participating, 181 LEAs have submitted claims, and $9.6 million has been reimbursed to date, with 41,556 students represented in claims. The chair and several members criticized the pace of implementation and the amount of money spent relative to reimbursement levels, saying the Legislature had requested data earlier and that the return on investment still appeared low. DHCS responded that many claims are still being submitted, that 70% of denials are correctable, that $400 million in capacity grants has been distributed locally, and that reimbursement is increasing rapidly as more districts come online. Public comment included a rural county behavioral health director who said private insurance denials leave counties with significant uncompensated work, especially for unlicensed staff providing case management and mobile crisis services.

Transcript Highlights:

• Uh Mike Moranti, deputy commissioner of the banking department.
• Uh, the banking commissioner designate. >> All right. And Jim?
• We commissioner of banking currently is.
• The federally insured credit unions can't own there.
• , know, maybe for the other commissioners, know, maybe for the other commissioners, too,<00:39:57.599

Keywords: 1189, house, all

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.

Transcript Highlights:

• >> It's all insurance. That $3 million is all insurance proceeds. >> So, we'll get that back?
• insurance money we'll be getting back? insurance money we'll be getting back?
• It's all insurance. That 3 correct? It's all insurance.
• million is all insurance proceeds. million is all insurance proceeds.
• Cabinet<00:43:27.520> for commissioner for the Cabinet for commissioner for the Cabinet

Keywords: 0:00:08 Call to Order and Roll Call 0:00:38 Approval of Minutes 0:01:02 Information Items 0:02:17 Lease Rpt from Postsecondary Institutions 0:06:42 Project Rpt from Finance and Administration Cabinet 0:15:03 Lease Rpt from Finance and Administration Cabinet 0:24:00 Rpt from OFM – KY Infrastructure Authority 0:42:55 Economic Development Fund Grants 0:53:38 Rpt from OFM – New Debt Issues 1:16:33 Remaining 2025 Meeting Dates 1:16:45 Adjournment, 958, all

Summary: The committee first handled routine business, including roll call, approval of the July minutes, and several informational reports. Those reports included a University of Kentucky restricted-fund medical equipment purchase for Chandler Hospital, debt issues for five school districts, Eastern Kentucky University’s planned model laboratory school using construction management risk delivery, a Division of Real Properties lease advertisement, Kentucky Communications Network Authority quarterly project reports, and EKU asset preservation revisions. Members then heard and approved a new UK St. Clair Urgent Care Clinic lease in Morehead and an amendment expanding space for the UK Family and Community Medicine Clinic at Turflin Clinic. Testimony explained that both properties are privately owned, the Morehead lease predated the UK/St. Clair arrangement, and the Turflin Clinic is tight on space. The committee also approved three new projects and an appropriation increase: two Department of Military Affairs projects, a Window Ford Training Center underground electric project and a Williamsburg Readiness Center interior repair project, a Fish and Wildlife property acquisition adjoining Veterans Memorial Wildlife Management Area, and an $8.113 million increase for the Department of Revenue integrated tax system (DORIS). The DORIS increase was described as needed for change orders tied to legislation and to complete the unified tax system. The committee next reviewed no-action items, including a $3 million emergency flood-damage repair project for the Bush Building and Vest-Lindsay House in Frankfort, and three pool projects over $1 million: a Kentucky Correctional Institute for Women window replacement phase 2 project, a Department of Criminal Justice Training interior refurbishment at Thompson Hall, and the Muddy Gut Branch stream mitigation project in Johnson County. The flood project was confirmed to be fully reimbursed by insurance proceeds. Finally, the Kentucky Infrastructure Authority presented six loans and nine grants. Action items included water and sewer financing for Cumberland County, Lebanon, Northern Kentucky Water District, Lewisport, and Providence, plus a major Taylor Mill treatment plant project and several cleaner water grants and reallocations. Members asked about loan rates, local rate increases needed to repay debt, and the Providence emergency water interconnect; staff explained that Lewisport had begun a rate increase process, and that the Providence project would connect Webster County Water District and the city of Providence to stabilize pressure after a systemwide failure. All action items were approved.

Transcript Highlights:

• President: And our former President and current Agriculture Commissioner Wilton Simpson.
• We have a few former colleagues in the room as we want to welcome the current Florida Education Commissioner
• It has pushed property insurance and property tax higher and higher.
• We will hold insurance companies accountable for the rates that they charge and the services that they

Keywords: 998, house, all

Transcript Highlights:

• House Bill 157 is an initiative by the Department of Agriculture, Commissioner Shell, to create a tag
• House Bill 157 is an initiative by the Department of Agriculture, Commissioner Shell, to create a tag
• <00:21:26.799> cost increase the um uh the insurance cost increase the um uh the insurance
• Thank you. ...the insurance cost going up versus a truck sitting because they don't have a driver for
• limit the exposure for the insurance limit the exposure for the insurance company<00:27:40.720><

Keywords: Special Guests 00:13 Roll Call 00:39 HB 15 Discussion 01:35 HB 15 Vote 14:03 HB 157 Discussion 17:28 HB 157 Vote 18:42 HB 444 Discussion 19:35 HB 444 Vote 23:12 HB 188 Discussion 25:20 HB 188 Vote 29:37, 958, all

Summary: The committee met with a quorum, approved the prior meeting minutes, and then took up several bills out of order. House Bill 15, sponsored by Leader Rudy, would lower the learner’s permit age to 15 while keeping the graduated driver’s license system in place until age 17. Supporters, including a 14-year-old witness, argued it would give teens more supervised driving experience, align Kentucky with surrounding states, and help families and the workforce. Members raised questions about safety, parental supervision, and regional driver’s license office backlogs, but the bill was reported favorably with a committee substitute attached after a roll call vote. The committee then heard House Bill 444, which would conform Kentucky CDL rules to federal reporting requirements by preventing masking of violations and would lower the age for certain hazmat CDL endorsements from 21 to 18 for in-state use only, excluding school bus endorsements. The sponsor and supporters said the change would help address truck-driver shortages and support delivery of propane, agricultural products, and other hazardous materials. A question was raised about possible insurance cost increases, but the sponsor said companies would decide whether to hire younger drivers and that the bill was intended to keep trucks moving. The bill was reported favorably with expressions of opinion that it should pass. House Bill 157, a Department of Agriculture initiative creating a tag bill for commercial vehicles, was briefly presented and reported favorably with a committee substitute. House Bill 188, dealing with driveaway plates for businesses that transport vehicles for others, was also heard. The sponsor said the bill would clarify how many plates a business needs, reduce insurance exposure, and help keep a Warren County driveaway business in Kentucky rather than moving to neighboring states. After questions about how the plates work and a committee substitute changing the issuing authority language, the bill was reported favorably with expressions of opinion that it should pass. The committee then adjourned.