Video & Transcript Research : 'ad valorem'

Page 131 of 500
TX
Transcript Highlights:
  • what we're really talking about—our hard drives—by the time we're done, they have basically no value added
  • of a data leak out there, we try to avoid it as much as possible, especially since there's no value added
  • They will get at least the same funding that they got the previous year, but adding in.
  • Well, thank you for adding a little levity to our morning. Great, great. Yes, ma'am.
  • El Paso County was added, so we'd like to be able to protect our residents in this way as well.
Keywords: 1184, house, all
FL

Florida 2025 Regular Session

March 20, 2025 - 08:00 AM

Education & Employment Committee

Transcript Highlights:
  • We don't need to keep adding testing to students to see if they are proficient in reading cursive because
  • This bill is just adding a strain on an already strained system.
  • Also, a couple of years ago, there were very onerous reporting standards added to 1003.42, which now
  • But if there isn’t, maybe you’ll consider adding it to your bill. If a kid misses nine...
  • If there isn’t, maybe you’ll consider adding it to your bill.
Summary: The Education and Employment Committee heard and passed HB 921, which adds cursive writing to required instruction for grades 2 through 5 and requires students to demonstrate proficiency by the end of fifth grade. The bill sponsor argued cursive is important for historical literacy, everyday signatures, and possible early identification of learning differences. Opponents and several members supported teaching cursive but objected to the testing/proficiency requirement, saying students and teachers are already overburdened and that reading cursive is not currently part of the standards. Some members also raised concerns about fairness to charter schools and the bill’s application only to public schools. Despite those concerns, the bill passed 21-0 and was reported favorable. The committee then took up PCS for HB 1405, a major rewrite of Florida’s juvenile prevention and truancy statutes in Chapter 984, covering children in need of services/families in need of services. The bill updates definitions and procedures, strengthens truancy intervention, requires earlier and more detailed school reporting, adds parent involvement through child study teams, allows virtual participation, and sets review timelines for shelter placement. Sponsors said the goal is prevention and family support rather than punishment, with court involvement only after school-based intervention. Members asked about school compliance, court capacity, parent accountability, and whether all counties have child study teams; the sponsors said the bill expects CSTs in every school and can escalate cases to court and, if needed, to prosecutors for noncompliant parents. Public testimony on the juvenile justice bill was supportive, including from the Department of Juvenile Justice, youth services groups, and juvenile justice advocates. In debate, members praised the modernization effort and the emphasis on early intervention and family participation, while also noting the bill’s size and suggesting further attention to attendance thresholds. The PCS for HB 1405 was then approved unanimously and reported favorable. The committee adjourned after completing its agenda.
TX

Texas 89th Regular

Natural Resources Mar 12th, 2025

Natural Resources

Transcript Highlights:
  • In 2021, a rural area district definition was added to Chapter 49 of 0.016. 2 of the Water Code for residents
  • There can be a lot of added demand in my community. There really isn't a location for me to meet.
  • we came out of COVID, we asked the question, once we had. had five residents on our board, when we added
  • Again, the added cost was the reason we said if we started getting people asking or people started getting
  • for my district what we did is went back to 2021 a rural desk district was defined definition was added
TX

Texas 89th Regular

89th Legislative Session Jan 23rd, 2025

Texas House Floor Meeting

Transcript Highlights:
  • And added that there. So, Mr.
  • a permanent, well, we've added jurisdiction to the Criminal Jurisprudence Committee that includes issues
  • into too much detail, but I think one of the concerns is answered, but I just want to lay it out, adding
  • I appreciate your insights about the duties we've added, including relations between the state of Texas
  • I appreciate your insights about the duties we've added, including relations between the state of Texas
Keywords: 1184, house, all
FL
Transcript Highlights:
  • And we're adding a 10th came at a lot of e-mail for small farms and livestock as an all hands on deck
  • So we're adding that much more people helping the environment in this area.
  • use this app to cross train the staff and virtually double the amount of people doing this without adding
  • You probably know one of the commissioners big priorities is adding were conservation easements in the
  • The department has added about 130,000 more acres more than doubling the amount we can use this to do
Keywords: 999, senate, all
NH

New Hampshire 2025 Regular Session

House Finance Division II (02/19/2025)

Transcript Highlights:
  • This first part of the bill is the original bill they're adding this voting part to it.
  • This first part of the bill is the original bill they're adding this voting part to it.
  • This first part of the bill is the original bill they're adding this voting part to it.
  • <02:47:13.680> about actually was going up they added about actually was going up they added
  • <03:48:17.279> for there's uh something here added for there's uh something here added for
Keywords: 928, house, all
Summary: The committee first took up HB 129, which would redefine “evidence-based” in public education. The Department of Education testified that the bill’s definition would conflict with federal definitions and be very restrictive, potentially affecting a wide range of instructional methods, curriculum materials, teacher training, civics requirements, suicide prevention training, and other programs. The department said the bill could force a broad overhaul of school practices, create local implementation burdens, and require at least one new state position, with a fiscal note estimating roughly $118,000 in FY 2026 rising in later years. Members also raised concerns about possible impacts on federal pass-through funding and whether the bill was workable. Representative Papovich moved to retain HB 129, and the motion passed 7-0. The committee then heard HB 133, a Department of Safety/DMV bill involving follow-up when a person votes using an out-of-state license or non-driver ID and then does not obtain a New Hampshire credential within the statutory timeframe. DMV officials said the bill would require a $40,000 technology upgrade plus a new full-time position, and that the fiscal note did not include postage or fully account for the manual work needed to match records, send notices, and review responses. They said the proposal also raised broader tracking issues because it would apply not only to voters but to anyone who had not obtained a New Hampshire license within 60 days, and they questioned whether DMV was the proper agency to make those inquiries. Committee members pressed the department on how the 60-day clock would be determined, whether the bill could amount to a kind of poll tax or raise privacy concerns, and whether voter ID cards or other exceptions would avoid that problem. The department explained that New Hampshire offers a free voter identification card through town clerks for people without a license or state ID, but said the bill did not exempt those cards and that the DMV would still be asked to investigate status after voting. Officials also said the bill would be difficult to enforce, that some cases would be ambiguous, and that any response from the DMV would likely amount to a request for information rather than an enforceable consequence. No vote on HB 133 was taken in the portion provided.
OK

Oklahoma 2026 Regular Session

Oklahoma Education Commission Feb 26th, 2026 at 01:00 pm

Oklahoma Education Commission

Transcript Highlights:
  • There are 10 ad hoc positions for you to represent Williams.
  • Yeah, we think the 40 that are kind of the ad hoc ones we've kind We've relocated some more corrections
  • I, I think in when with just adding to Natalie's information, I think the most important part is when
  • Survey could be, you know, ad stuff for teachers and like, oh, I'm so glad you didn't use that as an
  • But there's an ad. Have you heard the ad?
Keywords: 914, all
MN
Transcript Highlights:
  • of public safety, what we are<00:04:35.680> doing<00:04:36.160> is<00:04:36.400> adding
  • <00:04:36.720> a<00:04:36.960> layer<00:04:37.120> of are doing is adding a
  • layer of are doing is adding a layer of protection<00:04:38.240> so<00:04:38.479> everyone<
  • >> The<00:18:14.080> ad<00:18:14.400> Yes.
  • >> The ad Yes. Thank you. >> The ad Yes. Thank you.
Keywords: 918, senate, all
Summary: Minnesota Department of Public Safety Commissioner Bob Jacobson and State Patrol Colonel Christina Bogoich announced that weapon screening will begin Tuesday at the Minnesota State Capitol, at the start of the 2026 legislative session. They said the change is based on an independent security assessment and the Axtell report’s top recommendation, and is intended as an added layer of protection rather than a weapons ban or a change in state law. Both officials emphasized that the Capitol should remain open, accessible, and welcoming while reducing preventable risks, citing increased threats nationwide and the recent murders of Speaker Emerita Melissa Hortman and Mark Hortman and the shootings of Senator John Hoffman and Yvette Hoffman. Officials said visitors will enter through four public access points, with all other exterior doors closed to public entry. The primary entrance will be the south ground-level entrance, with additional access through tunnels connecting to the Senate building, State Office Building, Parking Lot C, and the Judicial Center. They said the screening process should take only seconds for most people, with bags scanned separately and additional checks only if needed. Prohibited items will not be stored by the Capitol, and the public was told to plan ahead, carry fewer items, and follow staff instructions. The Capitol will close to the general public at 4:30 p.m. on weekdays unless legislative business is still underway, in which case accommodations will be made. In questions, officials said people with valid permit-to-carry authorization may still bring a firearm if it is otherwise legal, but they must declare the permit, show government ID, and go through screening. Elected officials are exempt and will have a separate lane, while staff will be screened. They also said the tunnels will be locked with restricted key-card access, and that the Senate is implementing its own screening, with questions about Senate doors referred there. Jacobson said the State Patrol will cover the costs within its existing budget, and that the process will be evaluated and adjusted as needed to keep it efficient and not a deterrent to visitors.
AZ

Arizona 2026 Regular Session

01/26/2026 - House Land, Agriculture & Rural Affairs

Land, Agriculture & Rural Affairs

Transcript Highlights:
  • I have only had one ad hoc meeting, and I found the Game and Fish Department to be very partisan, and
  • I have only had one ad hoc meeting, and I found the Game and Fish Department to be very partisan, and
  • He added that the product is FDA approved, maintained as safe by the U.S. federal government, and that
  • He added that people can walk to the grocery store, but can also drive or take a flying car thanks to
  • He added that the federal government does not allow new products on the market lightly.
CA

California 2025-2026 Regular Session

Assembly Floor Session Jun 16th, 2025

California House Floor Meeting

Transcript Highlights:
  • Arun added, my father's action was so powerful that it is...
  • There are 66 co-authors added. The clerk will close the roll, tally the votes.
  • There are 66 co-authors added.
  • There are 65 co-authors added. Without objection, we'll have a voice vote on the resolution.
  • There are 55 co-authors added. Without objection, we'll now take a voice vote on the resolution.
Summary: The Assembly met after a quorum call and opened with a prayer, a Father’s Day reflection, and a moment of silence for the victims of the Minnesota lawmaker shooting. Members then moved through guest introductions recognizing student legislative programs, Black conservation leaders, interns, and first responders, including an off-duty firefighter who saved a driver’s life. The chamber also heard multiple adjournment-in-memory tributes, most notably for former Senator and Los Angeles Councilman Nate Holden, whose civil rights and housing discrimination work was highlighted, along with tributes to Stephen Golden Kranz, Emily Carpenter, and Doug Kranwinkel. On the Daily File, the Assembly adopted ACR 90, Assembly Member Gibson’s resolution recognizing Juneteenth. The measure drew strong support from multiple caucuses, including the Latino, Jewish, LGBTQ, Women’s, and AAPI caucuses, with members emphasizing Juneteenth’s historical significance, the legacy of slavery, and the continuing need to combat racism and inequality. The resolution was adopted by voice vote after 66 co-authors were added. The Assembly also adopted ACR 92, Assembly Member Mark Gonzalez’s resolution declaring June 2025 as Electronic Dance Music Month in California. Supporters described EDM as a cultural and economic force rooted in diverse communities and praised its values of inclusion and unity; the resolution received 65 co-authors and passed by voice vote. Finally, HR 45, Assembly Member Castillo’s resolution for Animal Rights Awareness Week, was adopted by voice vote after 55 co-authors were added, with the author and a guest from Sierra Pacific Fur Babies speaking about animal rescue and welfare work. The session ended with announcements and adjournment until June 19.
FL
Transcript Highlights:
  • It also added a couple of things.
  • It allows first responder amputees to continue serving as first responders, and it added the Florida
  • It also added a couple of things.
  • It allows first responder amputees to continue serving as first responders, and it added the Florida
  • It is adding language, I believe, around 945, that says the state attorney should be able to view the
Summary: The Appropriations Committee on Criminal and Civil Justice considered and advanced a series of criminal justice bills, with most measures reported favorably after brief presentations, amendments, and roll-call votes. Among the bills approved were CS/SB 468 on fleeing or attempting to elude law enforcement, which increases offense levels and allows impoundment of involved vehicles; CS/SB 1136 on age as an element of a criminal offense, which strengthens protections for minors and was amended to adjust age thresholds and luring/enticement language; CS/SB 144 on criminal justice, which was narrowed by substitute amendment after discussion with law enforcement and includes provisions on kill switches, body cameras/AI, first responder recognition, and other corrections-related items; and CS/SB 1782, which creates penalties for dangerous excessive speeding. The committee also favorably reported CS/SB 964 on objective parole guidelines, CS/SB 1450 on arrest and detention of individuals with significant medical conditions, CS/SB 612 on murder involving unlawful drug distribution by minors, CS/SB 1838 on tampering with or harassing court officials, CS/SB 716 on enhanced penalties for sexual offenses by repeat offenders, CS/SB 1604 on corrections, and CS/SB 1360 on xylazine, which preserves veterinary use while increasing penalties for illicit trafficking and possession for sale. Several bills drew substantive testimony and debate. CS/SB 1838 prompted concerns from the Florida Association of Criminal Defense Lawyers that the tampering language could be applied to prosecutors or defense attorneys; the sponsor said he would work to refine the language. CS/SB 964 received support from criminal defense advocates and a witness who argued Florida’s parole system needs revision due to prison overcrowding and staffing issues. CS/SB 1604 generated questions about inmate access to courts, the statute of limitations for confinement claims, and involuntary mental health treatment; the sponsor said the bill aims to balance inmate rights with timely reporting and to address bad actors in corrections. CS/SB 1360 was supported as a response to the spread of xylazine on the street, while noting its legitimate veterinary use. The most contested measure was CS/SB 1804 on capital sex trafficking. The bill would create a capital offense for adult trafficking of a child under 12 or a mentally incapacitated person under specified circumstances, with a life-felony fallback if capital punishment is later found unconstitutional. Supporters argued it targets especially heinous conduct and closes a gap in existing law; opponents, including the Florida Conference of Catholic Bishops, Florida Association of Criminal Defense Lawyers, and anti-death-penalty advocates, argued it expands the death penalty beyond homicide, raises constitutional concerns, risks retraumatizing victims, and would be costly to litigate. After extensive debate, the committee adopted an amendment aligning the bill with the House companion and reported the bill favorably. The committee also approved SB 776 adding an aggravating factor for assassination or attempted assassination of a head of state, despite objections from some members who voted no. At the end of the meeting, the chair thanked members for the session, and the committee adjourned.
ND

North Dakota 2025-2026 Regular Session

Senate Judiciary Apr 8th, 2025 at 09:00 am

Judiciary

Transcript Highlights:
  • This is even more true for masked individuals acting in groups, where the added anonymity has been shown
  • Is that something that we should be adding to the end of line 19 in our bill?
  • I actually would like to comment on that because some of the additions in Part D were added after my
  • But certainly concealment and the congregating is what we're adding here to concealment while committing
  • And I appreciate the intention behind adding it to be extra careful.
Bills: HCR3028
Summary: The Judiciary Committee heard and acted on several measures related to human trafficking, criminal procedure, and child protection. It first took up House Concurrent Resolution 3028, which would direct a legislative study of human trafficking victim services and re-entry programs. The sponsor and supporters emphasized helping victims rebuild basic life and workforce skills and better understanding existing services; YouthWorks and the North Dakota Catholic Conference described current programs and the trauma victims face. The committee discussed overlap with other interim studies, then voted unanimously to give the resolution a due pass, with Senator Braunberger designated to carry it. The committee then considered House Bill 1263, concerning sealing criminal records, and moved it forward without changing the House version after members noted the House had removed presumption language and reduced the waiting period. That bill also received a due pass recommendation. Next, House Bill 1226, which revises the state’s mask law for public places, drew testimony from the sponsor and an expert witness who argued that masking to conceal identity during group criminal conduct undermines public safety and law enforcement. Members debated the House-added requirement that law enforcement request unmasking; the committee adopted an amendment to remove that language, then passed the bill as amended, with Senator Luick to carry it. Finally, the committee heard House Bill 1410, a study resolution on criminal conduct against children, including child sexual abuse, physical abuse, neglect, and the use of artificial intelligence in exploitation crimes. Supporters from the Child Sexual Assault Prevention Task Force, YouthWorks, and the Children’s Advocacy Centers of North Dakota said the study would help update outdated terminology, review AI-related issues, and improve investigation and prosecution tools. The committee approved the resolution with a due pass recommendation, and Senator Cory was assigned to carry it. The committee also received a brief report that, in a quick review, there were 82 active studies introduced, including 10 shall studies and 35 shall-consider studies, with limited overlap identified beyond the trafficking-related measures.
NH

New Hampshire 2025 Regular Session

Senate Executive Departments and Administration (01/22/2025)

Executive Departments and Administration

Transcript Highlights:
  • First, to enhance representation for the deaf and hard of hearing community by adding the administrator
  • 15.039> by deaf and heart of he and Community uh by deaf and heart of he and Community uh by ading
  • <00:33:15.840> by<00:33:16.000> adding<00:33:16.320> the<00:33:16.440> administrator
  • <00:33:17.039> of<00:33:17.159> the ading by adding the administrator of the ading
  • by adding the administrator of the program<00:33:17.679> for<00:33:17.840> the<00:33:17.960
Keywords: 1191, senate, all
NH

New Hampshire 2026 Regular Session

House Ways and Means (02/18/2026)

Ways and Means

Transcript Highlights:
  • <00:47:57.280> I there's this added need kind of thing.
  • I there's this added need kind of thing.
  • in the Union Leader or an ad on GIR or an ad on MUR, that is a business expense that is totally deductible
  • , "Hey, I want to take out a full page ad, "Hey, I want to take out a full page ad, you<03:58:05.199
  • expanded their concept, but added expanded their concept, but added >> Yeah.
Keywords: 1189, house, all
HI
Transcript Highlights:
  • Okay, thank you very much. chair um adding the National Standard of chair um adding the National Standard
  • <01:32:03.960> to because it's um I guess adding to because it's um I guess adding to chapter
  • So I've added that language in the back, and I just want to mention that in the language added, the Attorney
  • So I've added that language in the back, and I just want to mention that in the language added, the Attorney
  • So I've added that language in the back, and I just want to mention that in the language added, the Attorney
Keywords: 910, house, all
Summary: The committee first took up SB 1494 on hearing aids. Testimony was generally supportive of expanding hearing-aid coverage, with the Insurance Division raising concern about possible federal defrayment issues, SHPDA supporting the goal of hearing augmentation, DCAB strongly supporting the bill as an important access issue, and health plans and insurers asking for amendments. Kaiser Permanente and the Hawaii Association of Health Plans requested changes to add a medical-necessity standard and clarify annual notice language, while HMSA suggested the proposal should be studied by the auditor. The chair noted concerns about federal preemption and the lack of an audit, and deferred the bill in favor of a related resolution calling for a study. The committee then heard SB 1448, an emergency appropriation for the Hawaii State Hospital. DAGS and the Department of Health supported the measure, with the hospital administrator saying the funding would improve the environment of care, support cleaning, and allow a third-party review of the building. Committee members questioned the size of the request and the status of litigation against the design-builder. Administration witnesses said they were pursuing a comprehensive study involving destructive testing, had made a demand on the design-builder to fund the study, and were using different processes than before. They also said the roof work would be handled through a separate CIP request. No final action was taken in the portion provided. The committee next heard SB 1432, relating to the future responsibilities of the Department of Health and land issues at Kalaupapa after the last patient dies. DOH supported the bill in part but said its long-term role would be limited mainly to environmental cleanup, with operations expected to continue under the National Park Service and land-use decisions left to DHHL and beneficiary consultation. DHHL asked that the measure reflect that any land-use or zoning changes on homeland lands require commission approval and beneficiary consultation. Testifiers from Kalaupapa and Maui County, including Degra Vanderbilt-Papa and Council Member Keani Rollins-Fernandez, supported deferring the bill, saying there had been no meaningful community discussion about provisions affecting Kalaupapa’s future management and possible transfer of responsibilities to Maui County. The committee also read into the record written testimony from Gloria Marks emphasizing that Kalaupapa stakeholders must be included in future discussions. Finally, the committee heard SB 955 on fitness-to-proceed examinations. The Judiciary and the Public Defender’s Office both supported raising pay and standardizing expectations for private examiners, but opposed reducing felony fitness evaluations from three examiners to one and opposed expanding use of expedited reports. They argued that a single examiner would reduce reliability, create a more adversarial process, and likely increase costs and contested hearings, while expedited reports do not contain enough information for a proper fitness determination. The Department of Health also supported the bill’s intent but asked to preserve a three-examiner framework and said the goal was to reduce the number of people sent to the State Hospital, where admissions have reportedly risen about 20% year over year since Act 26. The bill remained under discussion in the excerpt, with no final vote shown.
NH

New Hampshire 2026 Regular Session

House Municipal and County Government (01/30/2026)

Municipal and County Government

Transcript Highlights:
  • annual appraisals and 758 C was added annual appraisals and 758 C was added with<02:03:26.960>
  • So is that added value to the exercise? It's a fair question.
  • that added value to the exercise? that added value to the exercise?
  • When I added my shed, I expected to pay for that, but they went and changed my lot.
  • She added that today's blue sheet had one in support.
Keywords: 1189, house, all
MN

Minnesota 2025-2026 Regular Session

House Floor Session 5/12/26 - Part 3

Minnesota House Floor Meeting

Transcript Highlights:
  • Meyers amendment added. And um so I Meyers amendment added.
  • <00:10:21.279> revenue No, kids are not just an ad revenue No, kids are not just an ad revenue
  • no more ads, no more push notifications, and no more infinite scrolling.
  • We added the word reasonable.
  • We added the word reasonable.
Keywords: 919, house, all
Summary: The House took up House File 4138, a bill aimed at limiting harmful social media features for children and requiring parental involvement for minors using platforms in Minnesota. Early on, members reconsidered and then adopted the Smith amendment (A13) after first rejecting a narrower amendment to the amendment (A18) on a 67-67 tie. Representative Bonner then offered a technical amendment (A14) to address liability and drafting concerns, but withdrew it after saying it contained an unintended drafting error and could create legal problems, including issues around data collection and rulemaking. During third reading debate, supporters described the bill as a first step to protect children from addictive social media design, online exploitation, and harmful data practices. Representative Scott said the bill would require parental consent and limit addictive features for child accounts, while emphasizing that the consent language must be prominent and that the bill’s effective date would not begin until next July. Representative Enen, Representative Feist, Representative Greenman, and others backed the measure as a bipartisan effort to hold big tech accountable and protect kids, though Greenman also noted that the legislature had not shown the same willingness to confront gun violence. Opponents and skeptics raised concerns that the bill relies on parents understanding complex legal and technical terms, that it may not fully protect children, and that it could still leave gaps around liability and privacy. Representative Leeing questioned why the bill does not simply restrict addictive features for all children and asked about parental waivers and location tracking; Scott responded that the bill uses IP address information and does not specifically address liability waivers, but said the measure is a policy choice intended to empower parents. The debate ended with broad support from several members, and the bill was presented as likely to pass, though no final vote on the bill itself was included in the excerpt.
US

US Federal 2025-2026 Regular Session

US House Floor Proceedings (Wednesday, April 15, 2026)

US Federal House Floor Meeting

Transcript Highlights:
  • that adds delay without adding value. that adds delay without adding value.
  • They added layers of bureaucracy.
  • They added layers of bureaucracy.
  • They added layers of bureaucracy.
  • They added layers of bureaucracy.
NH

New Hampshire 2025 Regular Session

House Municipal and County Government (09/24/2025)

Municipal and County Government

Transcript Highlights:
  • can clearly see that I I I added fire can clearly see that I I I added fire because because because the
  • So, added was the school district clerk.
  • adding school district clerk is<03:13:43.920> extraneous.
  • So, um, moving on to row 16, I added So, um, moving on to row 16, I added until<04:02:08.560> their
  • And And And adding<06:03:09.360> in<06:03:09.600> the<06:03:09.840> U adding in
Keywords: 1189, house, all
NH
Transcript Highlights:
  • So I think, you know, adding that position, adding a position like that to balance it out, I think, would
  • I think, you know, adding that position, adding a position like that to balance it out, I think, would
  • right um so I think you know adding that right um so I think you know adding that position<00:24:10.200
  • > like<00:24:11.440> that position uh adding a position like that position uh adding a
  • <04:27:52.239> uh through our analysis so they added uh through our analysis so they added
Keywords: 928, house, all
Summary: The House Commerce Committee opened a public hearing on House Bill 310, sponsored by Representative Keith Ammon, which would create a study commission to develop a legal framework for stable tokens and tokenized real-world assets. Ammon described stable tokens as blockchain-based digital tokens backed by U.S. dollars or treasuries, and tokenized real-world assets as representations of ownership in items such as gold, real estate, or artwork. He said the bill is intended to help New Hampshire get ahead of emerging financial markets while waiting to see how federal legislation develops. Committee members asked about the purpose of the bill, the difference between this proposal and Bitcoin, whether state regulation could be preempted by federal law, and whether the commission could be balanced and avoid becoming a vehicle for fraud or money laundering. Ammon said the proposal is blockchain-agnostic, could apply to multiple networks, and is meant to regulate asset-backed tokens rather than create a state-issued coin. He emphasized that the state would not be guaranteeing the underlying assets, but would set rules requiring audits, proof of reserves, and honest representation of backing, with the Secretary of State’s securities office involved in oversight. Several members raised concerns about the risks of stablecoins, including money laundering, tax evasion, and possible harm to the dollar or confusion about whether the state was endorsing a new currency. Ammon responded that the bill would not undermine the dollar and argued that tokenization could actually expand demand for U.S. currency by making it easier to use globally. He also said the state would not be in the business of weighing assets or directly valuing them, only ensuring a valid audit trail and one-to-one backing. The discussion ended with general agreement that the subject is complex and that a commission could help develop future legislation, but no vote or final action was taken in the hearing.