Transcript Highlights:

• in our of the algorithms that push this harmful content onto the screens in our kids' hands, and this
• I was reading the note, do not lean on the glass. And so I was trying not to do that.
• We read the statutory penalties in the bill to apply to all claims against social media platforms by
• Or a high schooler reading election news, unaware that AI-generated content is shaping their views.
• Or a high schooler reading election news, unaware that AI-generated content is shaping their views.

Summary: The committee heard several privacy and consumer protection bills, with most of the discussion focused on AI and social media. AB 1405 would create a state registry for AI auditors and set basic transparency, ethics, and qualification standards for those auditors; supporters said it would build trust and provide a foundation for future AI oversight, while some members questioned whether government should define auditor qualifications instead of industry groups. The bill was moved out on a 5-1 vote to Appropriations, with the roll left open. AB 2, by Assemblymember Lowenthal, would impose enhanced financial penalties on large social media companies when their negligence causes harm to children and teens. Supporters, including a grieving parent and Common Sense Media, argued the bill would create accountability for harmful algorithms and design choices, while opponents from TechNet, EFF, CCIA, and CalChamber warned it was vague, could chill speech, invite censorship, and raise Section 230 and First Amendment concerns. Committee members debated private right of action versus public enforcement, possible shakedown lawsuits, and whether the bill should be narrowed; the bill passed 6-0 to Judiciary with the roll left open. AB 410 would expand California’s bot disclosure law so bots must identify themselves up front and truthfully if asked, rather than only prohibiting deceptive bots in limited commercial or election contexts. Supporters said the measure would help users, especially youth and vulnerable people, know when they are interacting with AI and reduce deception online; one privacy group withdrew opposition after amendments, and other industry groups said they were no longer opposed or had no formal position. The bill passed 9-1 to Appropriations with the roll left open. The committee also approved AB 1327, which lets consumers cancel home improvement contracts by email instead of only by mail and requires phone assistance for cancellations; the Contractor State License Board withdrew opposition after amendments, and the bill passed 11-0 to Judiciary with the roll left open.

Transcript Highlights:

• The clerk will read.
• seven, AJR 27, the clerk will read.
• The clerk will read.
• The clerk will read.
• The clerk will read the resolution on the consent calendar.

Summary: The Assembly convened after a quorum call, heard a prayer and pledge, and then moved through a largely ceremonial floor session with multiple guest introductions and recognitions. Members honored the retirement of long-serving committee secretary Marisa Lancaster, recognized Assemblymember Rubio’s parents on her mother’s 80th birthday, welcomed school and agency guests, and celebrated Crescenta Valley Water District’s 75th anniversary. The body also adopted several resolutions recognizing Introduce a Girl to Engineering Day and California FFA, with strong bipartisan support and co-author additions. The main policy item was AJR 27, a resolution urging federal disaster aid for Los Angeles-area wildfire recovery, especially the Palisades and Eaton fires. Supporters from both parties emphasized the need for immediate, unconditional federal assistance for displaced residents, businesses, and communities still rebuilding, while some Republicans argued the state and local governments should move faster on permitting, recovery, and mitigation and criticized state spending priorities. After debate, the resolution was opened for co-authors and then adopted on a 68-0 roll call vote. The Assembly also adopted ACR 133 on Girl Day by voice vote after 70 co-authors were added, ACR 138 honoring FFA with 73 co-authors and voice adoption, and ACR 136 on Engineers Week with 69 co-authors and unanimous consent on the consent calendar. The chamber then heard adjournment-in-memory tributes for Juan Antonio Pacheco and Paul L. McAiley, and adjourned until Monday, March 2, at 1 p.m.

Transcript Highlights:

• I got some strange screen telling me I couldn't get there.
• I can actually probably read the actual section here actually.
• <02:10:37.920> I've<02:10:38.159> read<02:10:38.320> the I have read the rules
• I've read the I have read the rules.
• The chief clerk will give the bill its third reading. >> Third reading.

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:

• Everybody's had the opportunity to read the bill.
• They actually read the whole bill on the Senate floor. Only took 14 hours.
• <01:56:06.239> They opportunity to read the bill. They opportunity to read the bill.
• read the whole bill on the Senate<01:56:07.920> floor.
• a passage of scripture, read a passage of scripture, one<02:48:15.760> of<02:48:15.840> my

Keywords: U.S. House of Representatives Floor Proceedings on Thursday, July 3, 2025, 1012, house, all

Transcript Highlights:

• The second area is program processes and controls: enhance enrollment and provider screening at the front
• The second area program PROCESSEES and controls enhance enrollment and provider screening at the front
• And if that's the case, what that means is that we know it because somebody read it, somebody wrote it
• I read your report two weeks ago. It's excellent.

Keywords: 1183, house

Transcript Highlights:

• And some of them actually have had experience in reading bills and looking for details.
• So are we going to start fingerprinting residents and background screening residents who serve on those
• I do not read that, but likewise, we'll make sure that that is fixed.
• I do not read that, but likewise, we'll make sure that that is fixed.
• I am reading from a script that's altered here, so bear with me.

Summary: The committee heard and advanced several insurance, financial regulation, and public safety bills. The most extensive discussion centered on SB 1656, a major Office of Insurance Regulation bill covering reciprocal insurers, rate transparency, data calls, cybersecurity notification, and stronger oversight of continuing care retirement communities (CCRCs). The sponsor and OIR described the bill as aimed at transparency and preventing insolvencies, especially after recent CCRC failures. CCRC residents and industry representatives testified both in support and in opposition, with supporters emphasizing resident protection and opponents warning about liens, reserve requirements, management-company regulation, and higher costs. After debate and assurances that problematic provisions would be refined, the committee adopted a delete-all amendment and then reported the bill favorably. The committee also passed SB 1658, which creates a public records framework for the uniform mitigation verification of inspection form database while protecting policyholders’ personal information; a clarifying amendment was adopted before the bill was reported favorably. SB 1612 on financial institutions was approved after a substitute amendment restored current limits on credit union investments and kept only reimbursement, not salary, authority for certain board members and officers. SB 1740, an insurance bill intended to reduce premiums and insurer insolvency risk, was amended to prioritize rate-decrease filings and prohibit claim denials based solely on AI, then reported favorably. Two public-safety bills also moved forward. SB 1212 on firefighter health and safety would update OSHA-related protections, address toxic exposure in gear, encourage safer replacement equipment, and support best practices and mental health resources; an amendment refined terminology and added related provisions, and the bill was reported favorably. SB 1184 on residual market insurers was amended to preserve existing consumer protections and disclosure rules for excess and surplus lines and to clarify Citizens-related appointment requirements before being reported favorably. Throughout the meeting, members repeatedly noted ongoing stakeholder negotiations and intent to refine several bills further in later committee stops.

Transcript Highlights:

• So at this point, I'm happy to read in green cards.
• Because when I originally read your bill, I have access to.
• Because when I originally read your bill, I Representative Carver said that, when he originally read
• Bradford read earlier.
• If you could please read it in.

Bills: HR249, HR251, HB395, HB902, SB83, SB132, SB157, SB338, SB450, SB484, SB501, SB507

Keywords: artificial intelligence, AI, BESE, State Board of Elementary and Secondary Education, content standards, K-12 education, public schools, curriculum, digital literacy, computer science, STEM, technology education, student privacy, ethical AI, workforce development, future-ready workforce, instructional resources, education policy, school standards, Louisiana education

Transcript Highlights:

• They said they had a copy of the information and wanted to read a statement from it.
• That was how they read or understood the statement.
• you I mean even though they want to read you I mean even though they made<01:13:53.120> this<
• allow me I will just read that statement it<01:14:14.520> says<01:14:14.760> if<01:14:
• and I think we statement that you read and I think we kind<01:15:09.159> of<01:15:09.280>

Keywords: 00:00:00 Call to Order/Roll Call 00:01:37 Discussion of 25RS HB 392 00:03:10 Roll Call Vote on 25RS HB 392 00:04:20 Discussion of 25RS HB 580 00:13:28 Roll Call Vote on 25RS HB 580 00:14:54 Discussion of 25RS HB 688 00:18:40 Roll Call Vote on 25RS HB 688 00:21:40 Discussion of 25RS HB 16 01:19:44 Roll Call Vote on 25RS HB 16 01:27:32 Adjournment, 958, all

Summary: The committee first took up House Bill 392, sponsored by Representative Proctor, which would help the Department for Behavioral Health, Developmental and Intellectual Disabilities pay for emergency medical and psychiatric services provided to patients outside state facilities when those facilities cannot meet their needs. Proctor described it as a continuing improvement bill to address payment issues for services delivered at community-based facilities. The bill received no substantive opposition in the meeting and passed the committee with favorable expression by a vote of 15 yes, 0 no, and 1 pass. The committee then considered House Bill 580, presented by Representative Kim Moser and Elena Sweezy, which tightens oversight of peer support specialists. The bill was described as building on House Bill 505 from the prior year by reinstating supervision requirements, adding parameters around group sizes, creating a pathway for temporary peer support specialists to become fully registered after nine months, and addressing Medicaid reimbursement and accountability concerns. Members asked about reimbursement; the sponsor said Medicaid was okay with the bill and that commercial insurance coverage would be up to insurers. Representative Fleming emphasized the need for stronger financial oversight of the peer support code. The committee adopted a substitute and title amendment, then passed the bill with favorable expression. House Bill 688 was then heard, with Representative Bratcher explaining that it addresses two issues: preventing fraud in nurse licensure by giving the Kentucky Board of Nursing more discretion to review out-of-state credentials, and expanding school authority to administer certain emergency medications. He said the bill changes the board’s authority from “shall” to “may” so it can verify transcripts, curricula, accreditation, and exam passage. During discussion, Representative Sharp explained his yes vote by noting the bill also adds rescue medications such as glucagon and Solu-Cortef and allows prescribed emergency medications for known conditions in schools. The committee passed the bill with favorable expression. Finally, the committee heard House Bill 16, which would leave decisions about adding fluoride to drinking water to local governing bodies rather than maintaining a state mandate. Supporters, including Representative David Hale, Dr. Jack Call, and Cindy Batson, argued that fluoridation should be a local choice and raised concerns about cost, potential health risks, and the precautionary principle. Opponents, including Dr. Steve Robertson of the Kentucky Dental Association, defended fluoridation as beneficial for preventing tooth decay and warned that local removal decisions could increase Medicaid costs and may not reflect the broader public interest. The transcript provided does not show a final committee vote on House Bill 16 in the excerpt.

Transcript Highlights:

• IT INCLUDES THE SUNSHINE GENETICS PROGRAM WHICH WOULD BE PROGRAM THAT WOULD PROVIDE NEWBORN SCREENING
• SELECT LOCATIONS ACROSS OUR STATE THE INSTITUTIONS ARE PREPARED FOR THE LEVEL OF SCREENING THAT WOULD

Keywords: 999, senate, all

Transcript Highlights:

• Those are supposed to represent the blue lines that you saw on the screen. That's it.
• that you saw on the screen. That's it. that you saw on the screen. That's it.
• I'm going to read them out first, second, third.
• <00:32:08.320> them >> I will give you I'm going to read them >> I will give you
• I'm going to read them out<00:32:08.720> first,<00:32:09.039> second,<00:32:09.360>

Bills: HF3553, HF3513, HF3576

Keywords: vehicle platooning, transportation, public safety, pilot project, Wilkin County, Grant County, autonomous vehicles, transportation regulations, driverless cars, safety standards, first responder interaction, school bus, third-party testing, driver certification, transportation regulation, 1183, house

Transcript Highlights:

• I know the screen is hard to see. It is absolutely not.
• I know the screen is hard to see. It is absolutely not.
• I know the screen is hard to see. It is absolutely not.
• version I this a shortened watered down version I know<00:07:44.520> the<00:07:44.639> screen
• is hard to see it is know the screen is hard to see it is absolutely<00:07:46.960> not<00:07:

Bills: HF846, HF1538, HF1959

Keywords: education, special education, apprenticeship, funding, grants, intermediate school districts, teacher apprenticeship, registered apprenticeship, teacher licensure, teacher shortage, workforce development, education finance, K-12 education, higher education, Professional Educator Licensing and Standards Board, PELSB, Tier 3 license, teacher preparation, mentor teacher, school district

Transcript Highlights:

• Second reading of bills on the calendar.
• Second reading of bills on the calendar. Second reading of bills on the calendar.
• Let me read a letter to you from those CEOs. This is from Kittin County Hospital.
• We all read and we all try to learn. But you know, Mr.
• We all we all read adults in the room.

Keywords: 958, all

Summary: The Senate convened with prayer, the Pledge of Allegiance, roll call, and approval of the prior journal. The House communicated that it had passed House Bill 4 and requested concurrence. The chamber then received second-reading reports for Senate Bills 18, 33, 85, and 132, and committee reports indicating Senate Bills 136, 183, 2, 4, and 71 should pass, with some substitutes and title amendments. The Senate also introduced Senate Resolutions 79 and 80 honoring Joseph Harden McFarland and Jeremiah Parsons. The main floor action centered on Senate Bill 5, relating to Kentucky-grown agricultural product procurement. The sponsor described it as a way to improve school nutrition, support Kentucky producers, and keep food dollars in local communities. Several senators spoke in support, including references to the Make America Healthy Task Force and the idea of using food procurement as a tool for rural prosperity and better nutrition in schools. Senate Bill 5 passed by roll call, 38-0. The Senate also passed Senate Bill 73, which would allow home-based processors to use beef tallow in cosmetic products. The sponsor said the bill would expand existing home-processing authority beyond food products to cosmetics. It passed unanimously, 38-0. Senate Bill 12, relating to medical provider coverage and level four trauma centers, drew the most extended debate. Supporters argued it would help rural hospitals join the trauma network by allowing nurse practitioners and physician assistants to work under physician supervision, including remote supervision, and said it would improve access and save lives in underserved areas. Opponents, including a physician senator, argued the bill would lower trauma-care standards and could put patients at risk by allowing non-physician staffing in facilities that need immediate hands-on medical expertise. After lengthy discussion, the bill was advanced and then passed by roll call, with supporters emphasizing rural access and opponents warning about patient safety and the adequacy of physician coverage.

Transcript Highlights:

• Many of us have read about a case in 2022 Chairman Hughes: when Dr.
• Oops, lost the screen here. Greg, I'm not sure how to pronounce your last name.

Bills: SB 240, SB 1183, SB 1184, SB 1577, SB 2043, SB 2051, SCR 42, SJR 68

Keywords: biological sex, gender identity, public facilities, civil penalties, local government, EBT, electronic benefits transfer, food stamps, SNAP, Supplemental Nutrition Assistance Program, TANF, temporary assistance for needy families, welfare benefits, benefit card fraud, fraud hotline, card replacement, photo ID, recipient photograph, HHSC, Health and Human Services Commission

Transcript Highlights:

• The Senate amendment requires DCS to provide quarterly reports on random employee drug screening results
• On random employee drug screening results at group homes to the House and Senate Health and Human Services

Keywords: 1182, all

Transcript Highlights:

• The Senate amendment requires DCS to provide quarterly reports on random employee drug screening results
• On random employee drug screening results at group homes to the House and Senate Health and Human Services

Summary: The caucus reviewed several House and Senate measures, mostly in concurrence form. HB 2611, which clarifies and expands children’s rights in foster care and kinship care, was presented with a Senate amendment requiring quarterly reports on random employee drug screening results at group homes to the Health and Human Services committee chairs; the sponsor intended to concur. HB 2048, on access to non-opioid prescription drug controls, would bar more restrictive utilization controls such as prior authorization or step therapy for clinically appropriate non-opioid pain medications approved by the FDA, with a repeal date of August 31, 2028; the sponsor intended to concur, though one member raised concerns about opioid addiction in tribal communities and asked about stronger warnings and Indian Health Service involvement. HB 2404, changing inter-facility transport procedures, returned from the Senate with only a delayed effective date change, and concurrence was expected. SB 1630, a Senate bill, would create a home and community-based service program for adults who are seriously mentally ill; members noted there was no opposition, but also that the bill appears to have a cost and no appropriation. HB 2950, creating tourism improvement districts, was amended in the Senate to remove a lodging business assessment requirement for destination marketing organizations and allow local governing bodies to approve assessment rates; members confirmed it remained an opt-in/opt-out structure. HB 2995, which rewrites Arizona’s domestic violence framework for legal decision-making and parenting time cases, was amended to make child and victim safety the highest priority, revise court findings and evidence standards, limit mutual domestic violence findings, and add an emergency clause; the sponsor recommended concurrence, though one member asked where the committee stood on the bill. HB 2265, concerning court fees and assessments, was amended to restore courts’ ability to adopt new fees, fines, and surcharges going forward; concurrence was recommended, but county supervisors remained opposed due to concerns about cost shifts. HB 2986, the annual ADEQ omnibus, was amended to merge the recycling fund into the solid waste fee fund and exempt certain public water system infrastructure modifications from plan review; concurrence was expected. The caucus also briefly noted the fiscal year 2027 budget bills, HB 4154 through HB 4169, before adjourning.

Transcript Highlights:

• <02:18:33.800> uh bumper to a license reading uh bumper to a license reading uh technology
• They did screen over 25,000 of those applications, and we also have made a significant increase in our
• over 25,000 of those screen over 25,000 of those applications<03:05:54.200> um<03:05:54.439><
• hiring techniques where we screened hiring techniques where we screened individuals<03:16:52.359
• individuals in advanc or we screened individuals in advanc or we screened them<03:16:54.120>

Keywords: 910, house, all

Transcript Highlights:

• You don't need to read everything; just make the point.
• I didn't read this in a book.
• You have to read what he allowed his men to do.
• I've never read Howard's in. I've read his own diaries, however, Christopal Colan.
• But if we had read Christopher Columbus's journal, But if we had read Christopher Columbus's journal,

Keywords: 995, all

Summary: The hearing covered a wide range of bills, with substantial testimony on commemorative days and several local development measures. Early testimony focused on competing proposals about Indigenous Peoples’ Day: Senator Comerford and others supported redesignating the second Monday in October as Indigenous Peoples’ Day, while several Italian American legislators and advocates opposed changing Columbus Day and instead urged a separate Indigenous Peoples’ Day on August 9 or another date. Committee members noted the long-running debate, discussed the state flag and motto review process, and emphasized that any changes would require legislation. No votes were taken during the hearing. The committee also heard strong support for a Fred Korematsu Day bill, with testimony from advocates, legal organizations, community leaders, and Korematsu’s daughter. Witnesses described Korematsu’s resistance to Japanese American incarceration during World War II, argued that his story remains relevant amid current immigration and civil liberties concerns, and said the designation would help educate students and the public. A separate bill to designate September as PCOS Awareness Month drew testimony from Senator Miranda and health advocates, who described the disorder’s prevalence, frequent misdiagnosis, fertility and pregnancy risks, and the value of public awareness and education. Other bills discussed included a Domestic Workers’ Rights Day proposal, supported by Representative Garcia and Representative Sousa, who spoke about the invisibility and vulnerability of domestic workers and the importance of recognizing their labor. The committee also heard support for a veteran suicide awareness and remembrance day, a Boston branch library and affordable housing project in Dorchester, and a Fall River waterfront redevelopment bill transferring land to the local redevelopment authority for a major mixed-use project. In addition, Senator Miranda testified in favor of a memorial portrait for former Representative Doris Bunty, highlighting her pioneering role in the legislature and Boston public housing. The hearing was hybrid and lengthy, with the chair repeatedly asking witnesses to be concise and noting that testimony would be public record.

Transcript Highlights:

• you have read this report.
• Is that y'all's reading of it?
• I read my bill carefully. I didn't read Chairman Dean's bill as carefully.
• They screen our care.
• I researched. read everything that I could find on Trisomy 18.

Bills: HB216

Keywords: HB216, Texas abortion law, abortion-inducing drug, medication abortion, mifepristone, misoprostol, telemedicine, in-person exam, physician presence, out-of-state physician, reproductive healthcare, abortion regulation, Health and Safety Code, Occupations Code, consultation services, remote prescribing, pro-life, pro-choice

Summary: The Committee on Public Health met with a quorum and heard public testimony on a long agenda, with members repeatedly reminded of a two-minute limit for witnesses. Several bills were voted out favorably, including HB 2588 on cottage food, HB 1639 on cancer incidence and female firefighters, HB 2581 on a reporting form for contracted services for pregnant women, and SB 922 on electronic disclosure of certain sensitive medical information. Those measures generally passed on party-line or near-unanimous votes, while HB 216 on itemized medical statements was left pending after the committee substitute was withdrawn. The committee also left pending HB 5141, HB 4638, HB 2035, HB 4813, HB 2264, HB 4014, and HB 3829 after hearing testimony and questions. The final item introduced in the excerpt was HB 4408 on health care market transparency and corporate consolidation, but the discussion was cut off before testimony or action was completed. A major theme of the hearing was mental health diversion and access to treatment. HB 5141, by Rep. Howard, would allow Travis County to use vacated Austin State Hospital property for a local mental health jail diversion center; law enforcement, the Travis County sheriff, county judge, and urban counties group all testified in support, describing the lack of alternatives for people in crisis and the burden on jails and emergency rooms. Members asked about eligible offenses, bed capacity, and whether the facility would serve only Travis County, and the bill was left pending. HB 2264, by Rep. Schoolcraft, would create a friends-and-family form for loved ones to provide information to providers during emergency mental health treatment; NAMI and hospital groups supported it, while one neutral witness and several members raised concerns about patient control, credibility of information, and liability protections. The bill was also left pending. The committee also heard multiple psychedelic-therapy and drug-policy bills. HB 4813 would speed Texas rescheduling of Schedule I substances if the FDA reclassifies them, with testimony focused on psilocybin and MDMA and their potential use for PTSD and depression; members questioned whether the bill was too broad and how state rescheduling works, and it was left pending. HB 4014 would direct HHSC to study psychedelic therapies, building on prior state research, and witnesses said Texas should prepare regulatory and clinical infrastructure before FDA approval; it too was left pending. HB 2035 would require parents to be informed that they may seek substance-use treatment for a child even if one facility turns them away, prompted by a constituent’s account of a fatal fentanyl overdose after receiving incorrect advice; it was left pending. HB 4638 would extend and expand the Texas Pharmaceutical Initiative board and timeline, with the author saying the program is still in early implementation and needs more time, and it was left pending as well. Other bills addressed public health administration and animal welfare. HB 3829 would require a study of the animal-friendly account and its grant process for spay/neuter funding, with the author arguing that the current application and reimbursement process is too burdensome for shelters and nonprofits; no opposition was heard and the bill was left pending. HB 2581 and HB 1639 were reported favorably, while HB 216 drew discussion about enforcement of itemized medical billing and was held after the committee substitute was withdrawn. Throughout the hearing, members also discussed broader concerns about homelessness, competency restoration waitlists, jail overcrowding, and the need for more treatment options outside the criminal justice system.

Transcript Highlights:

• , you know, and they're doing print screens through that.
• , you know, and they're doing print screens through that.
• , you know, and they're doing print screens through that.
• And in fact, I could actually read the actual statutes, but it was very good statutes.
• on the screen here, the<01:07:41.599> fact<01:07:41.680> that<01:07:42.000> CMS

Keywords: 1187, senate, all

Transcript Highlights:

• . >> Yeah, CERS is, you know, on the screen it's relatively de minimis.
• So I'm just trying to think through all of the inputs to this. >> Yeah, CERS is, you know, on the screen
• Yeah, CERS is, you know, on the screen it's relatively de minimis.
• It's not even on my radar screen.
• We don't have even on my radar screen.

Keywords: Meeting Start: 00:00:00 Attendance Roll Call: 00:00:12 Approval of Minutes: 00:01:34 Actuarial Valuation Update – KPPA: 00:02:10 Actuarial Valuation Update – TRS: 00:25:32, 958, all

Summary: The meeting began with roll call, confirmation of a quorum, and approval of the prior minutes. The main presentation was from KPPA officials Ryan Barrow and Erin Saratt on the annual actuarial valuations for the retirement and insurance systems. They said the systems’ funding status improved overall, with three of five insurance funds fully funded, CERS hazardous dropping from over 100% funded to 90.9% because of premium changes, and KRS receiving $650 million in supplemental funding over the biennium. They also reported strong investment returns above assumed rates, higher payroll and membership counts, and resulting actuarial losses tied to higher salaries and premiums, especially on the insurance side. Members asked several questions about what drove the actuarial losses and whether legislation affected them. KPPA said the CERS insurance loss was driven by premium increases and Senate Bill 10, while the pension-side losses were largely due to higher payroll and benefits for Tier 1 and Tier 2 members. They explained that new Tier 3 employees are designed to add no additional unfunded liability, and that the state administers the systems but does not directly control all hiring. Questions also focused on retiree health premiums, which KPPA said rose about 15% for non-Medicare retirees and 38% for Medicare retirees, with the increase attributed to utilization, prescription costs, and the Inflation Reduction Act. The committee then heard from TRS Deputy Executive Secretary and General Counsel Beau Barnes on the 2025 TRS actuarial valuation. He reported that the Retirement Annuity Trust and Health Insurance Trust both received full funding, the retirement trust’s funded ratio improved to 61%, TRS 4 remains well funded with no liability, and the health insurance trust improved to 89.1%. Barnes said TRS is on track to fully fund legacy liabilities within the amortization period, with 2044 as the point when the system reflects 100% funding and 2046 as the last year needing additional dollars for the legacy liability. He also explained that lower assumed investment returns and updated mortality assumptions increased liabilities, but that TRS uses direct rate smoothing for budgeting purposes. At the end of the meeting, the chair circulated a proposed set of “do’s and don’ts of pensions,” emphasizing that future legislation should not create unfunded liabilities. Barnes also noted he would later discuss several legislative proposals for the 2026 session, but the transcript provided ends before that discussion or any votes on those proposals.