Transcript Highlights:

• local protein doesn't go to waste, but also allow us to take huge steps towards protecting our ecosystems
• local protein doesn't go to waste, but also allow us to take huge steps towards protecting our ecosystems
• local protein doesn't go to waste, but also allow us to take huge steps towards protecting our ecosystems
• local protein doesn't go to waste, but also allow us to take huge steps towards protecting our ecosystems
• <01:13:24.480> Mahalo towards protecting our ecosystems Mahalo towards protecting our ecosystems

Keywords: 910, house, all

Transcript Highlights:

• The Gulf of Maine is a vital ecosystem home to an array of species that support economic and cultural
• It could affect the ecosystem and the food chain.
• Maine is the most productive ecosystem Maine is the most productive ecosystem one<04:04:56.560><
• <04:04:58.080> in one of the most productive ecosystems in one of the most productive ecosystems
• It's a fragile ecosystem that needs to be treated as such.

Keywords: 1189, house, all

Transcript Highlights:

• companies<00:54:43.680> in Growing the ecosystem of companies in Growing the ecosystem
• <01:06:51.680> that would also create an ecosystem that would also create an ecosystem that
• And so this is a an ecosystem on. Right? And so this is a an ecosystem play<01:12:51.040> here.
• ecosystem comes from. ecosystem comes from. >> One<01:17:14.400> followup.
• <01:22:19.440> than stronger and more robust ecosystem than stronger and more robust ecosystem

Keywords: 1189, house, all

Transcript Highlights:

• <00:02:17.840> resilience bioeconomy and the ecosystem resilience bioeconomy and the ecosystem
• What we're building is an industrial ecosystem that uses values and creates stewardship for our natural
• ecosystems.
• > uses<00:03:59.360> values industrial ecosystem that uses values industrial ecosystem
• And when you look at that ecosystems.

Keywords: 1187, senate, all

Transcript Highlights:

• help solve this problem so that we can have an abundance of Christmas trees growing for all of the ecosystem
• help solve this problem so that we can have an abundance of Christmas trees growing for all of the ecosystem
• help solve this problem so that we can have an abundance of Christmas trees growing for all of the ecosystem
• 32.400> the Christmas trees growing for all of the Christmas trees growing for all of the ecosystem
• ecosystem in Minnesota. Thank you. ecosystem in Minnesota. Thank you.

Keywords: 919, house, all

Summary: The House first took up Senate File 334, a bill to modernize county human services technology used to administer programs such as Medicaid and SNAP. The author and several members described the current systems as outdated “green screen” platforms that are slow, duplicative, and difficult for workers and applicants, and argued modernization would improve service, retention, and fraud prevention. The bill would create a technology modernization fund with about $90 million over time, capped at $50 million, route funds through Minute, establish an interagency group with county representation, create a legislative working group, and provide $15 million for Office of Inspector General technology. Members from several counties spoke in strong support, citing local system failures, cyberattacks, and the need for better tools; one member noted the bill was about 20 years overdue. The bill passed third reading by a vote of 134-0, and a title was agreed to. The House then considered Senate File 4401, the cannabis bill. The author described it as a maintenance and cleanup package developed with more than 80 stakeholders over months of meetings, including business owners, labor, tribal representatives, and medical cannabis interests. The bill was presented as making noncontroversial adjustments to support small businesses, clarify statutes, improve privacy protections, adjust event and transporter rules, address good-faith errors, strengthen enforcement against unlicensed operators, and support local governments and municipal cannabis dispensaries. It also included a first step toward a medical psilocybin program and changes intended to make the medical cannabis market more sustainable, including easing the grow-and-sale ratio issue. The transcript cuts off before final action on this bill, but members speaking in support emphasized collaboration and the need for practical regulatory fixes.

Transcript Highlights:

• And so I want to make sure that we're not creating an ecosystem ...me.
• But he also was the man that brought a lot of money to the ecosystem around here.
• Our ecosystems are extremely diverse. And all of a sudden, we have flamingos back.
• But he also was the man that brought a lot of money to the ecosystem around here.
• Our ecosystems are extremely diverse. And all of a sudden we have flamingos back.

Summary: The House convened with prayer, moments of silence for former member Terry Fields and the Parkland victims, the Pledge of Allegiance, and recognition of guests and visitors. The chamber then adopted the Rules and Ethics Committee’s special order report setting the day’s calendar and debate times. The main measure taken up was HB 1119, relating to materials harmful to minors in public schools and charter schools, which the sponsor described as a clarification of existing law to keep pornographic or sexually explicit material away from minors and to give districts clearer standards for review and objection processes. The bill drew extensive debate over constitutional concerns, local control, litigation risk, and the scope of the definition of “harmful to minors.” Members supporting the bill argued it was needed to close loopholes and protect children, while opponents warned it could lead to overbroad book removals, conflict with federal court rulings, and costly lawsuits. A series of amendments sought to narrow or redirect the bill: proposals by Gant, Aristide, Bartleman, Eskamani, Nixon, Rainer, Woodson, and Harris would have preserved literary value review, protected educational and abuse-prevention materials, exempted LGBTQ-inclusive books, limited objections, preserved funding for districts, or delayed enforcement during ongoing litigation. Supporters of the amendments framed them as protecting parental choice, academic value, student safety, and district finances; opponents said they would weaken the bill’s child-protection purpose. All of the amendments failed. After the amendment process, the House waived rules, read HB 1119 a third time by title, and entered structured debate on final passage. Debate continued along the same lines, with opponents emphasizing book removals, First Amendment concerns, and the impact on students and schools, and supporters reiterating that the bill was intended to prevent minors from accessing obscene material. The transcript provided ends during structured debate and does not include the final vote on HB 1119.

Transcript Highlights:

• I want to see the abundance of thriving ecosystems from Moʻ... just as my kūpuna witness.
• its people by recognizing the critical role of freshwater in maintaining healthy nearshore marine ecosystems
• It is a living part of our ecosystems, integral to the health of our nearshore waters and deeply rooted
• ,<01:11:38.000> integral living part of our ecosystems, integral living part of our ecosystems
• its people by recognizing the critical role of freshwater in maintaining healthy nearshore marine ecosystems

Keywords: 912, senate, all

Summary: The Water and Land Committee held a hearing on several governor’s messages for confirmation to land and water-related boards and commissions. The first item was GM 745, confirming Nor Abbott to a second term on the Natural Area Reserves System Commission through June 30, 2029. DLNR and other supporters submitted testimony, and Abbott said his focus has been on watching for potential impacts to marine reserves from nearby land activity and helping ensure those impacts are avoided, minimized, or mitigated through a thorough process. The committee then took up GM 783 and GM 762, both involving the Kahoʻolawe Island Reserve Commission. Fenton Pang and Jensen Chop were nominated for terms ending June 30, 2028 and June 30, 2029, respectively. Multiple individuals and organizations testified in strong support, including representatives of civic clubs, Protect Kahoʻolawe ʻOhana, and other community groups. Testimony emphasized Pang’s scientific background, cultural values, humility, and service, and described Chop as a long-time Kahoʻolawe steward with strong ties to restoration work and the Protect Kahoʻolawe ʻOhana. Chop said his goal is to help more people build a connection to ʻāina and to continue restoration and cultural education efforts on Kahoʻolawe. The final major item was GM 770, confirming Hannah Kihalani Springer to the Commission on Water Resource Management through June 30, 2028. DLNR strongly supported her nomination, describing her as a cultural expert and advocate who can ensure indigenous knowledge is meaningfully included in water policy. Testimony from community members, Earthjustice, Sierra Club, and others highlighted her experience, integrity, and role in protecting customary and traditional water rights, especially for place-based and Native Hawaiian communities. Supporters also said her appointment was important given current water and climate challenges. The chair indicated the committee would proceed to decision-making after the hearing, and no opposition was noted in the testimony summarized here.

Transcript Highlights:

• It will be located in San Antonio to leverage the robust cyber security ecosystem of the region.
• Additionally, San Antonio is referred to, and you've heard this many times, Cyber City USA. ecosystem
• in the nation outside of the National Capital Region. is home to the sixth largest medical ecosystem
• Medical ecosystems are one of the. top 10 attacked ecosystems in the United States of America. make sense
• You know, San Antonio has a strong. driver security education ecosystem, we are certainly proud of our

Bills: HB150, HB869, HB876, HB 1043, HB1494, HB1522, HB150

Keywords: cybersecurity, state command, information resources, data protection, incident response, information technology, classification officer, job descriptions, state positions, competency-based, information sharing, government efficiency, public sector, private sector, distributed ledger, title registry, real estate, property liens, pilot program, healthcare

Transcript Highlights:

• That estimate doesn't account for the loss of life, for health care-related costs, and damages to ecosystem
• That estimate doesn't account for the loss of life, for health care-related costs, and damages to ecosystem
• That estimate doesn't account for the loss of life, for health care-related costs, and damages to ecosystem
• That estimate doesn't account for the loss of life, for health care-related costs, and damages to ecosystem
• That estimate doesn't account for the loss of life, for health care-related costs, and damages to ecosystem

Keywords: 1183, house

Transcript Highlights:

• This bill is a crucial step toward recognizing the rights of Hawaiʻi's ecosystems and citizens, ensuring
• Climate change is no longer a distant issue; it is here now, affecting ecosystems. people and our in
• Climate change is here now, affecting ecosystems, communities, and livelihoods.
• My name is Susan Crow, professor at the University of Hawaiʻi at Mānoa. agricultural ecosystems and a
• soil agricultural ecosystems and a soil scientist<00:31:01.240> um<00:31:01.399> here<

Keywords: 912, senate, all

Transcript Highlights:

• It modernizes Louisiana's vehicle title and registration and lien ecosystem, moving the state from a
• choice by expressly or explicitly preventing any single vendor from monopolizing the digital title ecosystem
• In order to get to a fully electronic ecosystem and then ultimately a digital ecosystem, you've got to

Bills: HB345, HB503, HB511, HB590, HB655, HB685, HB692, HB707, HB715, HB748, HB776, HB856, HB860, HB868, HB887, HB888, HB896, HB999, HB1000, HB1086, HB1233

Keywords: rail infrastructure, ports, Class II railroads, Class III railroads, transportation, HB 503, Act 554, Golden Meadow, utility terrain vehicle, UTV, recreational off-highway vehicle, ROV, golf cart, low-speed vehicle, road shoulder travel, local ordinance, municipal traffic regulation, vehicle registration decal, municipal general fund, insurance requirement

Summary: The Senate Committee on Transportation and Public Works met with five members present and approved the April 29, 2026 minutes. The committee then heard and favorably reported several bills, including HB 1233, which lowers the contract threshold for hospital service districts to use the Seymours program for certain hospital construction projects, and HB 715, which requires aerial applicators operating from public airports to have a transponder and radio; an amendment removing language about airport use of ADS-B data for fees was adopted after sponsors said the issue would be handled in another bill. HB 999 was reported favorably to allow impoundment of out-of-state vehicles operated in Louisiana without liability insurance, and HB 692 was amended to let parishes and municipalities use group purchasing organizations, with a narrowing amendment limiting one-source procurements and assurances that local bidders would not be disadvantaged. The committee also advanced HB 511, creating a grant program for pursuit intervention technology in response to officer safety concerns, and HB 590, which would let OMV issue specialized envelopes or notices for drivers with autism or other disabilities so officers are alerted during traffic stops. HB 503 was reported favorably after a local cleanup change to a golf cart bill for Golden Meadow, and HB 655 was approved to let DOTD use cost-plus contracts for operation and maintenance of state-owned ferries. HB 748 clarified that school board-owned or leased vehicles are exempt from tolls, and HB 860 would allow fillable electronic bids for local government procurement. Later, the committee approved HB 896, a major tolling-related cleanup bill for Plaquemines Parish that addresses customer service center access, administrative fees, and exemptions, with members and local officials criticizing the toll structure and its impact on the parish. HB 1000 was reported favorably as a cleanup measure tied to highway priority program reporting and local district contract limits. HB 887 established a more consistent scoring and ranking process for Seymour projects, with an amendment to avoid conflict with changing FAA grant rules. HB 888, a cleanup bill on temporary tags, was amended with added security features and then reported favorably. HB 1086, a broad electronic title and registration modernization bill, received a lengthy amendment set but was voluntarily held over for a week so members could review the new language. The committee also advanced HB 776 to expand the Port Priority Program to larger projects, with amendments clarifying flexibility and removing private projects from the bill. HB 707 was reported favorably to let the Department of Agriculture and Forestry handle promotional activities for the liquefied petroleum gas commission through a cooperative endeavor agreement. HB 868, a farm safety bill requiring safety chains or other manufacturer-specified equipment on trailers, was reported favorably after testimony about a fatal accident and assurances it would not change engineering standards beyond existing manufacturer requirements. Finally, HB 856 was amended to authorize indefinite delivery/indefinite quantity contracting for DOTD maintenance and construction work, then reported favorably, and the committee later corrected the record on HB 856 by reconsidering and withdrawing one technical amendment set so further floor cleanup could be made. The meeting adjourned without objection.

Transcript Highlights:

• It modernizes Louisiana's vehicle title and registration and lien ecosystem, moving the state from a
• and consumer choice by expressly preventing any single vendor from monopolizing the digital title ecosystem
• In order to get to a fully electronic ecosystem and then ultimately a digital ecosystem, you've got to

Bills: HB345, HB503, HB511, HB590, HB655, HB685, HB692, HB707, HB715, HB748, HB776, HB856, HB860, HB868, HB887, HB888, HB896, HB999, HB1000, HB1086, HB1233

Keywords: rail infrastructure, ports, Class II railroads, Class III railroads, transportation, HB 503, Act 554, Golden Meadow, utility terrain vehicle, UTV, recreational off-highway vehicle, ROV, golf cart, low-speed vehicle, road shoulder travel, local ordinance, municipal traffic regulation, vehicle registration decal, municipal general fund, insurance requirement

Summary: The Senate Committee on Transportation and Public Works met with five members present and approved the April 29, 2026 minutes. The committee then heard and reported a series of bills, including HB 1233, which lowers the contract threshold for hospital service districts using the Seymours program; HB 715, requiring aerial applicators operating from public airports to have transponders and radios and removing proposed ADS-B fee restrictions in favor of separate legislation; and HB 999, allowing impoundment of uninsured out-of-state vehicles. It also advanced HB 692 to let parishes and municipalities use group purchasing organizations, with an added sole-source procurement amendment for certain repairs and parts, and HB 511 to create a pursuit-intervention technology grant program, using a technical amendment to establish the fund structure. The committee also reported HB 590, creating a program to help law enforcement identify drivers with autism or other mental/physical disabilities through special envelopes and related notice technology; HB 503, a local bill cleaning up golf cart and utility terrain vehicle definitions in Golden Meadow; HB 655, authorizing DOTD cost-plus contracts for state-owned ferries; HB 748, clarifying that school board-owned or leased vehicles are exempt from tolls; HB 860, allowing fillable electronic bids; HB 896, addressing tolling rules and fees in Plaquemines Parish and requiring a nearby customer service center; and HB 1000, a cleanup bill on highway priority program reporting and local district contract limits. Later, the committee reported HB 887, which establishes a more consistent scoring and ranking framework for certain procurement processes, and HB 888, a cleanup bill on temporary tags and temporary license plates with added anti-counterfeiting and safety features. HB 1086, a major overhaul moving Louisiana toward a fully electronic vehicle title and lien system, was amended but voluntarily held for a week so members could review the extensive new language. The committee also reported HB 776, expanding port priority funding to larger projects and allowing flexibility in annual amounts, HB 707, shifting LPG commission promotional work to Agriculture and Forestry, HB 868, requiring safety chains or other manufacturer-specified safety equipment on farm trailers, HB 856, authorizing indefinite delivery/indefinite quantity contracting for DOTD maintenance and construction work, HB 345, adding rail infrastructure at ports to the rail improvement program, and HB 685, allowing transit agencies to use FAST Act cooperative procurement for buses and other rolling stock. At the end, the committee corrected its action on HB 856 by reconsidering and withdrawing the technical amendment set 2332 for later floor work, while leaving the bill reported with the department’s substantive amendments.

Transcript Highlights:

• you're talking about the environmental regulation piece of this and the protection of health and the ecosystem
• you're talking about the environmental regulation piece of this and the protection of health and the ecosystem
• ;> and pro the protection of health and the >> and pro the protection of health and the ecosystem
• 43:45.599> is<00:43:45.760> it<00:43:46.000> that<00:43:46.160> we're ecosystem
• What is it that we're ecosystem here. What is it that we're seeking?

Keywords: 1189, house, all

Transcript Highlights:

• They also support aquatic ecosystem and wildlife.
• They also support aquatic ecosystem and wildlife.
• <01:03:07.640> and They also support aquatic ecosystem and They also support aquatic ecosystem
• I've heard from sportsmen regarding the wetlands and the streams and the ecosystems there.
• there. streams and the ecosystems there.

Keywords: Meeting Start 00:00:00 Attendance Roll Call 00:01:28 Introduction of Guests 00:02:08 American Electric Power and Kentucky Power Presentation 00:03:31 SB 89 Discussion 00:53:55 SB 89 Roll Call Vote 01:07:46, 958, all

Summary: The committee met for an initial natural resources hearing with a quorum present and introductory housekeeping, including prayer, roll call, and recognition of guests. Chair Smith outlined ground rules for questions and then invited Kentucky Power and American Electric Power representatives to the table to discuss a proposed plan involving the Mitchell Power Plant and future generation needs in Eastern Kentucky. Witnesses Cindy Wiseman, Alex Vaughn, and AEP CEO Bill Fehrman said the company’s goals are to stabilize and lower rates, reduce rate volatility, and expand generation in the Commonwealth. They explained that Kentucky Power seeks legislative authority to securitize its 50% interest in the Mitchell coal plant, describing securitization as a refinancing mechanism that would lower annual plant costs by about $34 million and help offset roughly one-third of the expected cost of adding new generation in Kentucky. They emphasized that the proposal is not intended to close Mitchell, and said Kentucky Power currently has no plan to divest its interest; the company still needs the plant to serve customers while it pursues additional dispatchable generation in Kentucky. Members pressed the witnesses on the plant’s book value versus fair market value, whether the Mitchell interest had ever been assigned a nominal value, how any divestiture proceeds would be handled, whether Kentucky Power owns Wheeling Power, and how long Mitchell can continue operating. The company said it values Mitchell at net book value for accounting purposes, not fair market value, and explained that Wheeling Power is a separate AEP affiliate and that West Virginia affiliates have already proposed securitization of their share. Witnesses said Kentucky Power’s interest cannot technically operate past 2028 without additional environmental control investment, while the West Virginia side is depreciating through 2040. They also described the financing timeline, saying securitization would require enactment of legislation, a PSC financing order, bond issuance, and then parallel work to acquire or build new generation, with any reinvestment terms to be addressed through the regulatory process.

Transcript Highlights:

• Regenerative Agriculture Alliance is an ecosystem management organization.
• Regenerative Agriculture Alliance is an ecosystem management organization.
• region a Alliance is an ecosystem region a Alliance is an ecosystem management<00:39:02.359>
• great ecosystem to look at how do we advance our food opportunities.
• > look<01:08:15.520> at just such a great ecosystem to look at just such a great ecosystem

Keywords: 1187, senate, all

Transcript Highlights:

• Given our ecosystem in San Antonio, we will be opening a new College of AI...
• We sit in a very special ecosystem in San Antonio.
• So it's a very robust ecosystem.
• Conservation is particularly critical in the desert ecosystem of the Trans-Pecos.
• Of the ecosystem, the fragile ecosystem that we inhabit here in West Texas.

Bills: SB1, SB 1

Keywords: appropriations, budget, state funding, education, healthcare, infrastructure, campground safety, youth camp regulations, flood safety, emergency evacuation, health and safety standards, 1185, senate, all

Transcript Highlights:

• FLORIDA BAY AND HYDRATE THOSE AREAS AND TO SEE A LOT OF THE BENEFITS THROUGH THE GREATER EVERGLADES ECOSYSTEM
• OFTEN WE CALLED SOUTH FLORIDA ECOSYSTEM RESTORATION BECAUSE IT AFFECTS SO MANY DIFFERENT ECOSYSTEMS.

Transcript Highlights:

• long-term health of our Pacific Marine long-term health of our Pacific Marine uh<00:31:14.760> ecosystem
• And like I said, I am so uh ecosystem.
• and the rest of our fishing ecosystem and the rest of our fishing ecosystem habitat.<02:09:07.760
• There have also been other decisions involving shoreline access, water resources, and marine ecosystems
• <02:28:43.880> that resources, and marine ecosystems that resources, and marine ecosystems

Keywords: 912, senate, all

Summary: The committee took up several gubernatorial nominations, beginning with GM 640 for Juanita Rio Colón to the Commission on Water Resource Management. Public testimony and the nominee’s remarks strongly emphasized her water-system management background, Native Hawaiian stewardship values, and representation for Molokai. Committee members praised her qualifications and neighbor-island perspective, and also discussed broader concerns about reforming the Water Commission, including a separate bill to create a more independent authority and reduce politics in water decisions. Colón said she supported the restructuring effort and would serve with integrity and attention to constitutional water rights and climate resilience. The committee then heard GM 639 for Moses Haia III to the same commission. DLNR and OHA testified, and Haia described his long legal career, prior work on the Waihole contested case, and experience with Native Hawaiian rights and water law. Members asked about his ability to serve impartially given his advocacy background; Haia acknowledged that some may perceive a conflict from his prior work but said he did not believe it was a reasonable conflict and would follow the law and balance competing interests. The discussion again returned to the proposed Water Commission restructuring, which Haia said he supported as a way to provide independence and balance. Next, the committee considered GM 649 for Gilbert Coloma to the Pacific States Marine Fisheries Commission. DLNR and other testifiers explained that this was a new interstate commission created under the 2024 act, with Hawaii joining six U.S. states to address fisheries issues across state boundaries. Coloma, a commercial fisher from Hilo, said he brought more than 40 years of industry, cultural, and traditional experience and would represent Hawaii’s fishing communities. Members asked about the commission’s structure, meeting rotation, and funding, and were told the state covers dues through special funds. The committee also briefly took up GM 692 for Riley Smith’s reappointment to the Board of Land and Natural Resources. The Hawaii Cattlemen’s Council supported him, while Sierra Club Hui raised concerns about prior decisions affecting Native Hawaiian rights and public trust resources. Smith said he supported more residential uses in East Kapolei if the necessary planning and environmental review changes were made, and he began responding to questions about prior BLNR litigation before the transcript cut off.

Transcript Highlights:

• heart of the riparian zone, ignoring the existence value and the beneficiary value of the river ecosystem
• /c><00:38:52.119> in<00:38:52.280> a<00:38:52.400> fragile<00:38:53.119> ecosystem
• <00:38:54.119> that of humans in a fragile ecosystem that of humans in a fragile ecosystem
• of<00:39:45.319> the<00:39:45.400> river value of the river value of the river ecosystem
• my second point is to the ecosystem my second point is to the congestion<00:39:49.359> mtig<00

Keywords: 1191, senate, all

Transcript Highlights:

• So together, we're starting to see a division of the digital ecosystem into defined legal zones with
• they in fact can perform in a multitude of different ways and sort of the whole point of this Nason ecosystem
• they in fact can perform in a multitude of different ways and sort of the whole point of this Nason ecosystem
• <00:51:45.280> is<00:51:45.440> that point of this nason ecosystem is that point of
• this nason ecosystem is that we're<00:51:45.760> going<00:51:45.839> to<00:51:46.000><

Keywords: 1189, house, all

Summary: The commission met on November 12 and first approved the September 17 and October 15 draft minutes unanimously after brief discussion. Members also identified themselves for the record, including a new member from Bumpsk Bank, a staff attorney from the Secretary of State’s Bureau of Securities Regulation, a prior crypto commission participant, and a uniform law commissioner involved in tokenization projects. The main presentation was by UNH law professor Seth Orinberg, who discussed the federal GENIUS Act and the pending Clarity Act and how they affect New Hampshire’s options in the digital asset space. He described the GENIUS Act as governing payment stablecoins/stable tokens, defining them as blockchain-based assets used primarily for payments, redeemable for a fixed amount of national currency, and required to maintain stable value. He said the law creates three possible state roles: hosting federally qualified issuers, becoming a state qualifier for issuers up to a $10 billion threshold, or exploring state-backed issuance as a sovereign. He noted that the state-qualification path would require conforming legislation, examination capacity, and coordination with Treasury, while the sovereign-issuer theory is legally uncertain and may become a test case. Orinberg also outlined the core compliance framework he said applies to covered issuers: 100% reserve backing in high-quality liquid assets, monthly public reserve reporting, no yield or interest-like rewards, segregation of reserve assets, immediate redemption at face value, and anti-money-laundering/know-your-customer obligations. He then turned to the Clarity Act, describing it as a broader market-structure bill that would create categories such as digital asset, digital commodity, digital security, and ancillary asset, with self-certification procedures for issuers. He said the two federal laws together would separate payments from investments, preempt inconsistent state standards for covered payment stablecoins, and likely reshape the boundaries of state authority over digital assets.