Transcript Highlights:

• , nor does it require a recording fee in the county clerk's office to negate the fraudulent deed that
• They can actually initiate it on their own and avoid a lot of legal fees, hardship, and headaches.
• The prices are higher, the fees are hidden, and the tickets take forever.
• Eliminate hidden fees, and then also open up and offer more choice for customers.
• And then also, there are the fees on top of it.

Bills: HB2226, HB2269, HB2343, HB2760, HB3621, HB4079, HB4204, HB4518, HB4531, HB4555, HB4850, HB4876, HB4903, HB4996, HB5122

Keywords: construction trust funds, Property Code, Chapter 162, construction payments, mechanics lien, contractors, subcontractors, laborers, material suppliers, materialmen, real property improvement, assignment of payment rights, unpaid trust funds, trust fund beneficiaries, construction industry, payment protection, Texas construction law, property owners association, landscaping, grass maintenance

Transcript Highlights:

• Pursuant to the statute, the fees collected by the two permits were to be split equally: half of the
• During the last biennium fiscal year 22-23, $6.08 million was generated from these permit fees.
• And does your bill address these fees, because this goes on in Harris County too?
• There's a $1.25 toll, and then there's a $50 fee. Right, it does not address the...
• It's their fault anyway, but if I had my way, I would strip their fee-making authority.

Bills: HB1589, HB2208, HB2297, HB2560, HB2725, HB3080, HB4417, HB4473, HB4520, HB4662, HB4888, HB4905, HB4906

Keywords: HB 1589, toll road, toll project, toll project entity, voter approval, local control, county election, commissioners court, Transportation Code, Chapter 372, road construction, highway funding, infrastructure, public referendum, ballot measure, transportation policy, Texas toll roads, regional mobility, toll collection, vehicle registration

Transcript Highlights:

• So I'll start with the student fees.
• I believe you're referring to the distance learning fee one at FAU.
• the fee itself has to be attributable to the development and delivery of the course.
• fee—that that did exceed the amount.
• That can range from student fees to contracts to personnel.

Summary: The Higher Education Budget Subcommittee met to hear a presentation from the Florida Auditor General’s office on recent operational audits of four universities and to discuss how audit findings are handled. The Auditor General explained that financial audits occur annually and operational audits at least every three years, with universities required to respond in writing to findings; the office generally follows up in the next audit cycle, though it can audit sooner if needed. Members asked about accountability, whether findings are referred to other bodies, and how internal university audit functions interact with the state audit process. The chair emphasized the committee’s oversight role in ensuring public funds are used appropriately. The audit findings highlighted issues at New College of Florida, Florida A&M University, the University of Florida, and Florida Atlantic University. At New College, auditors cited invoice/payment errors, delinquent student account collection delays, prohibited extra compensation, exceeding state remuneration limits for certain employees, weak purchasing card controls, construction management cost documentation issues, and subcontractor licensing documentation gaps. At FAMU, auditors found investment accounting classification issues, delayed bank reconciliations, late vendor payments, and incomplete annual employee evaluations. At UF, auditors reported concerns over a $6.4 million consulting contract, event and catering spending, president’s office hiring and salary practices, bonus and relocation payments, continued high compensation after the president transitioned to another role, travel expenses including charter flights, and remote work agreements. At FAU, auditors found distance learning fee revenue exceeded allowable costs by about $2.8 million, carry forward funds were underreported by about $77 million, and credit card controls needed improvement. Members pressed the Auditor General on whether overpayments were refunded, whether any findings involved statutory violations, and what enforcement exists beyond the audit report. The auditor said some issues were corrected by the universities, such as New College recovering excess compensation from foundation funds, but others would be revisited in future audits; if potential fraud were identified, it would be referred to the state attorney’s office. The chair closed by noting that accountability for public spending rests with the Legislature and the committee, and the meeting adjourned without any vote or formal action beyond receiving the presentation.

Transcript Highlights:

• H.R. 7831 reauthorizes the APD fee program.
• H.R. 7831 reauthorizes the APD fee program.
• H.R. 7831 reauthorizes the APD fee program.
• H.R. 7831 reauthorizes the APD fee program.
• <03:43:11.520> will authority to collect these fees will authority to collect these fees will

Keywords: U.S. House of Representatives Floor Proceedings on Tuesday, June 2, 2026, 1012, house, all

Transcript Highlights:

• In some cases, depending on local water purveyor fees for mandatory residential fire sprinklers, that
• But when it pertains to affordable housing development, there's a fee per ton of contaminated soil.
• There is a fee per ton of contaminated soil if it meets the characteristics of hazardous waste.
• The fee itself is equitable across all fee payers.
• And that's something that we have been clarifying through fee workshops.

Summary: The Assembly Select Committee on Regulatory Authority held its first hearing to examine how California’s regulatory framework affects housing production, affordability, and timelines. Chair Pacheco and Assemblymember Haney framed the discussion around the state’s housing shortage and the need to reduce costs while maintaining environmental, safety, and community protections. The first panel featured housing experts and industry representatives who argued that state regulations, code complexity, utility constraints, and agency review processes add substantial cost and delay to development. Bill Fulton described overlapping state and local land-use authorities and the tension among housing, coastal protection, climate, and wildfire goals. CBIA’s Chris Ochoa and California Apartment Association representative Bob Raymer said building codes, energy mandates, and agency processes have materially increased per-home costs, and they urged more centralized affordability analysis and greater scrutiny of regulatory impacts. The Bay Area Council’s Louis Marante called for a statewide cost target for housing and stronger timelines and accountability for state agency reviews. The second panel brought in state agencies to explain their roles. HCD said its housing element enforcement, streamlining laws, and technical assistance have helped increase production, shorten entitlement timelines, and improve compliance by local governments. CARB said SB 375 is a planning law that does not directly regulate land use, and argued that regional housing assumptions in sustainable communities strategies are not being fully implemented on the ground. The Coastal Commission said it works with local governments to balance coastal protection, sea-level-rise risk, and housing, and noted recent guidance and pilot efforts to streamline housing approvals in the coastal zone. The Energy Commission said its building energy standards are designed to be cost-effective and save consumers money over time, though they can add some design and documentation complexity. Fish and Wildlife and DTSC both emphasized early engagement and collaboration to reduce delays while protecting natural resources and public health; DTSC said it is refining vapor intrusion guidance and using brownfield grants to support redevelopment. The State Water Resources Control Board said it uses general orders and basin planning to provide predictable permitting while balancing water quality, water rights, and housing needs, and noted billions in grants and loans for water infrastructure and site remediation that can support housing affordability. In response to questions from Assemblymember Haney, several agencies described ongoing coordination across departments, including regular meetings among HCD, CARB, the Coastal Commission, and transportation agencies, as well as broader interagency efforts to reduce redundancies and identify pinch points in project delivery. No formal votes or legislative actions were taken during the hearing; the main outcome was informational testimony and discussion of possible future reforms to improve coordination, predictability, and affordability in state regulatory processes.

Transcript Highlights:

• Why are we, why are we imposing a fee and giving a grant?
• Department of Agriculture, and then the actual producer would also be paid. a fee.
• And the second fee was to incentivize the producer.
• , the fees in the bill or what their recommendations were.
• Can we, what is an acre fee?

Bills: HB294

Keywords: energy efficiency, tax exemption, residential properties, sustainability, real estate

Transcript Highlights:

• bill um on that on those attorneys fees bill um on that on those attorneys fees is<00:01:58.479>
• plus additional costs incurred in pursuing these fees.
• My understanding is the court is still considering, and there are motions about fees.
• rights uh Statute in order to claim fees rights uh Statute in order to claim fees from<00:06:55.400
• due soon the judgment on attorney's fees due soon the judgment on attorney's fees has<00:10:49.600

Keywords: 1183, house

Transcript Highlights:

• Development Act, which is designed to provide our veteran-owned and military spouse-owned businesses with fee
• Development Act, which is designed to provide our veteran-owned and military spouse-owned businesses with fee
• costs and administrative hurdles don't stand in the way, SB 1182 addresses those barriers by reducing fees
• Department of Veterans Affairs and creates a verification letter process that businesses use to claim the fee
• The amendment also broadens the fee waiver to apply not just to relocations, but also to eligible existing

Bills: S1182, S1594

Keywords: veterans, military spouses, business incentives, tax exemptions, economic development, veteran benefits, minor clients, financial assistance, education services, Department of Children and Families, Department of Health

Summary: The Senate Committee on Military, Veterans Affairs, Space, and Domestic Security met with a quorum present and took up two bills. SB 1594, by Senator Gates, would change how veterans’ benefits received on behalf of foster youth are handled so the funds are not used to offset foster care costs, but instead are preserved for post-secondary education or aftercare services when the youth leaves foster care. The bill drew one supportive appearance from Victoria Zep of Family Support Services, had no debate, and was reported favorably by a unanimous roll call vote. Senator Sharief later asked to be recorded as a yes vote on the bill. The committee then considered SB 1182, by Senator Jones, which creates the Florida Veterans and Military Spouses Business Development Act to provide fee relief and tax incentives for veteran-owned and military spouse-owned businesses. The committee adopted Jones’s strike-all amendment, which added information-sharing and verification provisions, refined the tax exemptions, and broadened eligibility for fee waivers and sales tax relief. After no questions or debate, the amended bill was reported favorably by unanimous vote. The committee also held a confirmation hearing for three appointees—Matthew Bacchano, Tim Thomas, and Belinda Kaiser—and recommended confirmation on all three in one vote. The meeting concluded with several members offering remarks praising Chair Wright’s long service and leadership on veterans’ issues, followed by adjournment.

Transcript Highlights:

• Chair, that you mentioned tying fees to inflation.
• The main fee, the registration fee, and the CHP fee, those are tied to inflation.
• Chair, that you mentioned tying fees to inflation.
• The main fee, the registration fee, and the C.G. as they noted earlier, the main fee, the registration
• fee, and the CHP fee, those are tied to inflation.

Summary: The committee first heard a DMV budget presentation on the state-to-state verification system required for Real ID compliance and the Digital Experience Platform (DXP) modernization project. DMV officials said the state-to-state system is a pointer-based exchange used when a person applies for a license in another state, with only limited identifying data shared initially and the full driver history sent only after a qualified request. Members raised concerns about privacy, possible misuse by other states or federal actors, notification to Californians, hacking, and whether California could detect or stop abusive access. DMV said it can monitor requests, see patterns of access, work with AAMVA and legal counsel, and seek to block or challenge misuse; LAO said California is in a difficult position and should consider guardrails rather than opt out. On DXP, DMV said the project is on its revised schedule and budget, occupational licensing is complete, vehicle registration is expected by the end of calendar year 2026, and the full system should be finished by fiscal year 2028-29, with phased rollout and reappropriated funding to keep costs controlled. The committee then heard from the California High-Speed Rail Office of Inspector General on a trailer bill and AB 1608. The Inspector General said current law does not clearly authorize public reports or establish a framework for retaining and disclosing work papers, and the proposed trailer bill would create that framework while also adding authority to hire needed classifications and purchase goods and services. He also said the office needs a clearer statutory definition of “proposed agreements” and notice when the High-Speed Rail Authority is reviewing them, so the office can review contracts and related agreements effectively. LAO raised no concerns with the trailer bill language, and Finance said any amendments would come in the May revision. Members debated the scope of confidentiality in the Inspector General proposal, especially whether reports could be held confidential when they identify weaknesses in fraud controls, security, or other vulnerabilities. The Inspector General said confidentiality would be temporary, tied to articulating the risk, reassessing it every 120 days, and releasing the report once the risk is no longer substantial; he also said the office had already published reports at its discretion and had found at least one procurement violation involving an amendment that added services not in the original contract. Several members pressed for stronger transparency and suggested time limits or broader disclosure, while others argued the bill would improve oversight and make the Inspector General’s authority clearer. No votes were taken during the discussion, and the item was left for further work on the trailer bill and AB 1608 language.

Transcript Highlights:

• this out of the fees that they collect.
• It establishes a new $120 fee.
• That bill, however, did not really state where that fee revenue goes.
• And that fee is what, $120 per parcel that they're talking about.
• And that fee is what, And that fee is what, $120<00:37:11.520> per<00:37:11.839> parcel

Keywords: 1191, senate, all

Transcript Highlights:

• Some broadband providers report application fees up to $250 per pole.
• Fee that serve more as a barrier to entry than a meaningful administrative cost.
• taxpayers, ratepayers and rural Texans who are tired of seeing their broadband dollars drained by fees
• Their, their any study fees need to be, uh, recovered. All of that must take place.
• The increased pole rental fees by the time we pay all the legal to go with 5 different entities.

Transcript Highlights:

• Our fee store sells these products. to the producers at no tax on it at all.
• That local fee may not we may not need a full time employee to do that.
• I guess I had a question regarding the comptroller's administrative fee.
• What does it cost for you all to, I guess, administer that 2% fee?
• So therefore. you translate that to the fee.

Bills: HB134, HB135, HB 1109, HB 1243, HB1392, HB1399, HJR99, HB134, HB135

Keywords: sales tax, use tax, local tax, municipal tax, county tax, tax sourcing, place of business, principal business location, small business, retailer, marketplace seller, economic development agreement, Chapter 321, Chapter 323, Tax Code, Texas Comptroller, local sales and use tax, tax jurisdiction, order consummation, ship-to location

Transcript Highlights:

• The bill would have the fees, like other fees that are done in the state, that they'll be able to set
• is we've got the fees we've got the fees is we've got the fees we've got the fees set<00:02:30.840
• It is noting that all public laboratory fees are in rulemaking except the water testing fees.
• out on any user fees.
• Annual fees, taxes.

Keywords: 1191, senate, all

Transcript Highlights:

• The idea is to charge a fee for taking undeveloped land, which costs nothing in municipal services or
• schools, and now will be developed, so the landowner pays the fees and it helps all other property..
• They don't always give their fees up front.
• , perhaps not for a fee, but perhaps make part of their living doing this?
• perhaps for a fee perhaps not for a fee perhaps for a fee perhaps not for a fee but<01:33:24.400

Keywords: 1191, senate, all

Transcript Highlights:

• It allows the Board of Regents to use funds in the University of Hawaiʻi tuition and fee special fund
• The tuition fees and special fund, I believe it's called.
• The tuition fees and special fund, I believe it's called.
• The tuition fees and special fund, I believe it's called.
• We always ask about our fees, whether they’re too high or too low.

Keywords: 912, senate, all

Summary: The Committee on Higher Education met on March 11 and began with House Bill 442, which would appropriate funds to the University of Hawaiʻi system for nursing programs. University of Hawaiʻi representatives testified in strong support, and several additional supporters submitted testimony. Members asked about a similar Senate measure, and the witness confirmed the university supported that bill as well. No opposition or vote was recorded on HB 442 during the excerpt. The committee then heard House Bill 1169, a housekeeping measure concerning the University of Hawaiʻi Conference Center revolving fund. Testimony explained that the bill would consolidate existing Conference Center statutes into one centralized fund statute and allow campuses to use the fund more broadly. Members raised no questions, and no vote was taken in the excerpt. House Bill 185, which would establish a plant-based building materials working group, drew the most discussion. The Department of Agriculture said it supported the intent but wanted baseline research before a larger working group was formed. Supporters argued the measure could help develop a homegrown industry using bamboo, hemp, and other plant materials, create green jobs, and reduce greenhouse gas emissions. Several members questioned whether a formal working group was necessary and whether the work could be done without new legislation. The University of Hawaiʻi later estimated the bill’s requested work would cost about $150,000 over two years to analyze crop options and report findings. The final measure discussed in the excerpt was House Bill 1320, which requires the University of Hawaiʻi to collect, analyze, and publicly report graduate outcome data and develop a Graduate Outcomes Dashboard. University officials said they already use some data sources but lack a dedicated data-visualization specialist and need additional capacity to consolidate and present the information. Members questioned the need for new positions and funding, arguing the university should use existing resources and that students already have many ways to explore careers. Supporters responded that the dashboard would help students and the state better understand postgraduate outcomes, workforce needs, and program value. No final action or vote was shown in the excerpt.

Transcript Highlights:

• So this bill is about allowing boards of supervisors to raise the fees of pest control companies.
• And just FYI, the ability to raise these fees hasn't been increased in decades.
• And just FYI, the ability to raise these fees hasn't been increased in decades.
• It's past due that we bring the fees up to speed or make them commensurate with the actual costs.
• As comes as no surprise, I oppose tax and fee increases. That's one good reason to oppose AB 2380.

Keywords: 988, house, all

Summary: The Assembly convened after a quorum call, prayer, and pledge, then handled a long daily file with several procedural motions and guest introductions. Members also adopted a resolution recognizing CASA volunteers and welcomed student, school, sports, and community groups to the chamber. The body approved a motion to suspend rules for several procedural purposes, including moving bills between committees and allowing a bill to be heard on shortened notice. On the floor, the Assembly concurred in Senate amendments to AB 1389, which ratifies and extends a tribal-state gaming compact with the Yurok Tribe through December 31, 2026. Members then passed a series of bills on third reading, including AB 1632 on removing the notarization requirement for trespass letters, AB 2380 on county pest control fee authority, AB 2080 on county investment delegation, AB 2149 on reporting pupil achievement gaps, AB 1625 on Sacramento Regional Transit board meeting and stipend changes, AB 2179 on expanding e-filing for workplace violence restraining orders, and AB 2753 barring registered sex offenders from running for or holding elected office. AB 2636, AB 1544, AB 1637, AB 2534, and AB 2595 also passed, addressing juvenile firearm possession, court access, medical record integrity, forced marriage protections, and local e-bike restrictions for children under 12 in San Mateo County. The Assembly adopted several resolutions, including ACR 173 reaffirming California’s sister-state relationship with Jalisco, ACR 163 designating May as Missing and Murdered Indigenous People Awareness Month, ACR 180 designating Compost Awareness Week, and ACR 182 establishing Youth Mental Health Awareness Week. These resolutions drew extensive supportive remarks from members across caucuses, with strong emphasis on Indigenous justice, mental health, agriculture, and environmental stewardship. AB 108, a budget bill providing up to $25 million in emergency bridge funding for distressed hospitals, received broad bipartisan support and was sent to the Governor immediately after concurrence in Senate amendments. The chamber also added coauthors to multiple resolutions and removed AB 2512 and AB 1956 from the consent calendar at the author’s request.

Transcript Highlights:

• This involves fee increases, which are supported by the people who will be paying the fees.
• It's an attempt to increase the fees for investigating food establishments and wastewater systems.
• This involves fee increases, which are supported by the people who will be paying the fees.
• It's an attempt to increase the fees for investigating food establishments and wastewater systems.
• This involves fee increases, which are supported by the people who will be paying the fees.

Keywords: Public Health and Welfare - Room 216, 17 February, 2026; 2:00 PM, 925, all

Summary: The committee met with a quorum and considered three House bills. House Bill 515, described as a measure allowing radiologist assistants to discuss preliminary findings with physicians after a test, was presented as identical to an earlier bill and passed on a title sufficient, do pass motion without debate. House Bill 1637 would create a fetal and infant mortality review panel under the Department of Health to align state law with federal requirements and mirror existing maternal mortality review work. The bill prompted extended questioning about broad exemptions from the Open Meetings and Public Records Acts, with Senator Blunt and others expressing concern that the language was too broad and could shield records beyond individual patient privacy. Dr. Edney of the Department of Health testified that the protections were needed so hospitals and providers would share sensitive information for performance improvement and mortality review work, and that final reports would still be issued. After the debate, Senator Blunt moved to lay House Bill 1637 on the table subject to call, and the motion passed. The committee then took up House Bill 814, which would raise fees for inspections and investigations of food establishments and wastewater systems; it was described as a Department of Health measure supported by the regulated entities because they want inspections. The bill was characterized as maintaining an arm’s-length relationship between regulators and regulated parties, and it passed on a title sufficient, do pass motion. The chair closed by noting the committee had completed its agenda and would not meet the next day.

Transcript Highlights:

• But generally, you'll see a fee around $150.
• A lot of the things that we try to address not very effectively in impact fees, but we really need to
• If you're a builder, you have no idea what the impact fees is going to be.
• I mean, and that's that, so I have impact fees written down, so he took care of that, because I think
• I mean, impact fees in some counties are like $20,000 a house. So.

Summary: The Committee on Community Affairs met with a quorum present and took up SB 122, which would repeal Chapter 205 on local business taxes while allowing municipalities to continue imposing a gross-receipts-based business tax on merchants. Senator Trumbull presented the bill for the sponsor, and committee members questioned what services local governments fund with local business tax revenue and whether the bill should be considered alongside broader property tax changes. County and city representatives opposed the bill, arguing that local business taxes are capped home-rule revenues used for general fund services such as public safety, zoning and licensure checks, economic development, and business support, and warning that repeal would shift costs to residential taxpayers and reduce local flexibility. Senator Shreve said he would vote no because of ongoing property tax discussions, while Senator Pizzo said he would support the bill but wanted clearer accounting of how the revenue is spent. The committee voted 5-1 to report SB 122 favorably. The committee then held a housing panel discussion focused on Florida’s housing shortage, affordability, and supply constraints. Dr. Samuel Staley said Florida is in a housing crisis driven largely by insufficient supply, arguing that the state needs roughly 100,000 additional units per year just to keep up with in-migration and that local planning systems often do not prioritize housing enough. He urged more emphasis on measurable impacts, streamlined permitting, accessory dwelling units, smaller lot sizes, and other market-responsive tools. Ann Ray of the Shimberg Center said Florida is seeing more single-family and multifamily construction but that production is concentrated in a handful of counties, while condo construction remains limited; she also noted that rents and home prices spiked sharply in the early 2020s and remain above pre-2020 levels, with nearly 905,000 low-income renters cost-burdened. Leslie Deutsch of John Burns Research said the national housing market is slow, Florida has a severe affordability problem, and builders are lowering prices and offering incentives but still face high land, labor, materials, and insurance costs. In committee discussion, senators focused on whether Florida should encourage more density, including townhomes, build-to-rent products, modular housing, and redevelopment of existing sites rather than relying on large new subdivisions. Members also discussed the role of local zoning, impact fees, density bonuses, and state incentives tied to housing targets. Several senators said Florida’s growth and affordability challenges require updating land development codes and planning for where future residents will live without overbuilding rural or environmentally sensitive areas. The chair closed by emphasizing that density can support affordability and that Florida should use existing footprints more efficiently.

Transcript Highlights:

• consumers depend on, so we'll either have to cut the programs and services or raise other taxes or fees
• But generally, you'll see a fee around $150.
• If you're a builder, you have no idea what the impact fees are going to be.
• It's not even clear that the impact fees themselves are tied to action.
• I mean, impact fees in some counties are like $20,000 a house.

Summary: The Committee on Community Affairs met with a quorum present and first took up SB 122, which would repeal Chapter 205 governing local business taxes while allowing municipalities that already levy a gross-receipts-based business tax to continue doing so, with limits on changing the tax rate. The sponsor’s proxy and committee members discussed whether local business taxes fund identifiable services, with supporters saying the bill would reduce burdens on businesses and opponents arguing it would remove a capped home-rule revenue source used for general services, economic development, inspections, fire and police support, and business regulation. The Florida Association of Counties and the Florida League of Cities opposed the bill, citing a statewide revenue loss and concern that costs would shift to residential taxpayers, while one member noted the bill should be considered in the context of broader property tax changes. SB 122 was reported favorably by a roll call vote, with Senators Leek, Passidomo, Pizzo, Trumbull, and Chair McClain voting yes and Senator Sharief voting no. The committee then held an extended informational panel on Florida’s housing shortage and affordability challenges. Dr. Samuel Staley said Florida is in a housing crisis driven primarily by insufficient supply, arguing that the state needs far more units each year, that local comprehensive plans and zoning often fail to prioritize housing, and that the state should focus more on measurable impacts, density, accessory dwelling units, smaller lot sizes, and other ways to let the market respond. Ann Ray of the Shimberg Center presented data showing increased single-family and multifamily construction but limited condo growth, highly concentrated new development in a handful of counties, and continued high cost burdens for renters, especially lower-income and older households. Leslie Deutsch of John Burns Research and Consulting said the national housing market is slow, Florida prices are easing but remain well above pre-pandemic levels, and affordability problems are being driven by land, construction, financing, and insurance costs; she urged more product diversity, including build-to-rent, townhomes, manufactured housing, and higher-density redevelopment tailored to local demographics. Members questioned the panel about density, vertical development, impact fees, construction costs, and incentives for local governments. Several senators said local governments need clearer direction or incentives to approve more housing, while others emphasized preserving local character and avoiding overdevelopment. The panel generally agreed that no single policy will solve the problem, but that Florida needs more housing types, more density in appropriate places, updated zoning and building codes, and a more market-responsive regulatory framework. After the presentations and discussion, the committee adjourned with no further business.

Transcript Highlights:

• So yeah, we would like to have a $1,000 daily limit, and then also a fee limit of $5 or $5.
• So they actually charged about a 30% kind of transaction fee in effect.
• There's also a $3 service charge, but the bulk of the fees come in that differential between what the
• But the bulk of the fees come in that differential between what the market prices of the Bitcoin and
• So the CHISA company will give this person $100,000, minus fees and origination costs.

Summary: The committee first heard a work session on cryptocurrency kiosks from the Department of Financial Institutions and Spokane City Councilmember Paul Dillon. DFI described crypto kiosks as licensed money transmission terminals that allow cash purchases of virtual currency, and said the main concern is fraud: scammers often pressure victims, especially older adults, to deposit cash into kiosks and send it to wallets controlled by organized crime. DFI cited a sharp increase in kiosk volume, nationwide fraud complaints and losses, and said Washington currently has licensing and disclosure rules but lacks transaction and fee limits. The department said it is seeking stronger disclosures, a $1,000 daily transaction limit, and a fee cap. Spokane described its unanimous ordinance banning new kiosks and removing existing ones after local scam reports, and members asked about how the machines work, whether the fraud is in the hardware or the transaction, and whether stronger warnings or screening could help. The committee then reviewed home equity sharing agreements, or CHISAs, based on a report by Mariana Amaram and testimony from DFI and industry representatives. The report found that CHISAs provide homeowners a lump sum in exchange for a share of future home value or appreciation, with no monthly payments, but that consumers often struggle to understand the products and settlement calculations. The report said the market has grown quickly in Washington, that costs can be hard to predict, and that early uncapped contracts could produce very high settlement amounts, especially during periods of rising home prices. DFI said it views these products as mortgage loans and is moving forward with rulemaking, including counseling and clearer disclosures, while industry witnesses said the products are equity-based rather than debt-based and asked for tailored regulation. Members discussed the need for better consumer education, clearer payoff schedules, and whether the products should be treated as mortgages or a separate category. The final panel focused on Washington’s space economy, with presentations from Amazon Leo, Blue Origin, Stoke Space, Space Northwest, and Green River College. Speakers highlighted major in-state investments in satellite manufacturing, launch systems, and workforce training, including Amazon Leo’s Redmond and Kirkland facilities, Blue Origin’s Kent headquarters, and Stoke Space’s Kent manufacturing and Moses Lake test site. Space Northwest presented data showing the sector’s growing economic footprint, high-wage jobs, and regional clusters in Kent and Redmond, and urged more workforce programs, incentives, infrastructure support, and a state space commission. The companies emphasized local hiring, apprenticeship and certification programs, and the role of Washington’s aerospace supply chain in supporting the broader space industry. No votes were taken during the transcript excerpt.