Video & Transcript : 'Securities Commission' :
Page 154 of 500
AL
Alabama 2026 Regular Session
Alabama Senate County and Municipal Government Committee Feb 10th, 2026
County and Municipal Government
Transcript Highlights:
- </c> wouldn't publish your social security wouldn't publish your social security number<00:22:51.840>
- , Alabama Forestry Commission, and the Alabama Fire Marshal's Office.
- Uh, this mirrors up with the Federal Elections Commission laws.
- </c><00:31:18.640><c> Uh</c> Federal Elections Commission laws.
- Uh Federal Elections Commission laws.
Committee:
Senate County and Municipal Government
Keywords:
municipal tax, license fee, local tax increase, ordinance, public hearing, 30-day notice, municipal notice requirements, city council, town council, Alabama municipalities, Code of Alabama 1975, Section 11-45-2, open meetings website, newspaper publication, local government finance, tax transparency, fee increase, municipal ordinance procedure, University of South Alabama, Board of Trustees
IN
Transcript Highlights:
- The bill proposed to merge the probate study commission with the The bill proposed to merge the probate
- study commission with the Judiciary Committee summer study committee.
- This takes it out and keeps it at its own probate commission, and I think it's worked out well.
- And number three, the legislation would require expending resources on research security reviews for
- They are threatening our food security and our military readiness.
AR
Arkansas 2026 Regular Session
INSURANCE & COMMERCE - SENATE AND HOUSE Feb 13th, 2026
Transcript Highlights:
- This is the last four of your Social Security number.
- And BSA for First Security Bank.
- Karen Tierney with Arkansas Security Department.
- Karen Tierney with Arkansas Security Department.
- department department and state securities department Karen Tierney with Arkansas Security Department
WA
Washington 2025-2026 Regular Session
House Labor & Workplace Standards Jan 13th, 2026 at 10:30 am
Labor & Workplace Standards
Transcript Highlights:
- and non-commissioned security personnel employed in jails by a county with a population of 70,000 or
- Correctional employees who are uniformed and non-uniformed, commissioned and non-commissioned security
- The Employment Security Department's current rules clarify that these plans can allow...
- The Employment Security Department's current rules clarify that these plans can allow an employee to
- But I can also ask the Employment Security Department to see how many claims they've had based on this
Committee:
House Labor & Workplace Standards
Keywords:
construction safety, hazard notification, worksite regulations, labor safety, state law, law enforcement, correctional officers, interest arbitration, collective bargaining, public safety, workers' compensation, healthcare providers, physical therapy, occupational therapy, employment, unemployment insurance, benefits, layoffs, workforce reduction, 904
OK
Oklahoma 2026 Regular Session
Oklahoma Workforce Commission Apr 9th, 2026 at 02:00 pm
Transcript Highlights:
- And some connection with Ita about holding one of our commission meetings down at their location.
- The only thing that I worry about is security because these are public notice meetings.
- Is there a way to get security there?
- Do they have security that would make sure that we could keep all of you safe?
- So I'd like to entertain a motion for the commission to enter an executive session pursuant to Title
US
US Federal 2025-2026 Regular Session
US House Floor Proceedings (Thursday, September 18, 2025)
US Federal House Floor Meeting
Transcript Highlights:
- It's about national security.
- </c> consumers and our national security consumers and our national security interests<03:17:18.080><
- melts down, there is no security.
- ><c> the</c><04:20:51.040><c> power</c> Regulatory Commission has the power Regulatory Commission has
- </c> true energy policies, national security true energy policies, national security par<04:27:03.359
FL
Florida 2025 Regular Session
December 9, 2025 - 08:30 AM
Transcript Highlights:
- GLOBAL ECONOMIC COMPETITIVENESS AND KEEPING FLORIDIANS DATA SAFE AND SECURE DOMESTICALLY.
- DATA CENTERS AGGREGATE COLLECT COMPUTING DEMANDS EFFICIENTLY AND SECURELY.
- IT IS ESSENTIAL TO THE NATION'S ECONOMIC GROWTH IN MOBILE COMPETITIVENESS AND NATIONAL SECURITY.
- A RECENT STUDY BY VIRGINIA'S JOINT LEGISLATION AUDIT AND REVIEW COMMISSION IN VIRGINIA THE LARGEST DATA
- WE HAVE OUR STANDARDIZED SECURITY CYBER SECURITY FRAMEWORK AND DATA GOVERNANCE THAT PROTECTS OUR DATA
TX
Transcript Highlights:
- I'm the state vet. executive director of the Texas Animal Health Commission.
- The Texas Animal Health Commission was established in 1893 as the Livestock Sanitary Commission.
- Texas Animal Health Commission or Texas Animal Commission regions are... run by veterinarians serving
- The Texas Animal Health Commission.
- Dengist with the Texas Animal Health Commission in a sense.
Committee:
House Agriculture & Livestock
MN
Minnesota 2025-2026 Regular Session
The Push for New Protections for Consumers / Adding MLD to Minnesota’s Newborn Screening Program Mar 10th, 2025
Minnesota Senate Floor Meeting
Transcript Highlights:
- task force I've been involved security task force I've been involved in<00:08:06.159><c> all</c><00:
- Are you cyber security, or do you have security baked in?
- are you cyber security or do you<00:09:35.200><c> have</c><00:09:35.519><c> security</c><00:09:36.519
- number or their bank number and security number or their bank number and um<00:13:37.160><c> we</c><
- The Federal Trade Commission, that actually the FTC, that, um, has consumer protection powers within
MA
Massachusetts 2025-2026 Regular Session
Joint Committee on the Judiciary Jun 21st, 2026 at 01:00 pm
Joint Committee on the Judiciary
Transcript Highlights:
- The director of security at TSA told probation.
- The director of security at TSA told probation the story was ridiculous.
- My understanding is that they all applied to the POST Commission.
- And that question could be answered by the Civil Service Commission.
- GBIO takes a moral stand for return to the security.
Committee:
Joint Joint Committee on the Judiciary
Summary:
The Judiciary Committee heard testimony on a wide range of criminal justice, victim services, and records-sealing bills. Early testimony focused on H.1811, the Clean Slate automated record-sealing bill, with supporters arguing that automatic sealing after existing waiting periods would remove barriers to jobs, housing, and education without changing eligibility rules. Advocates from legal aid, business, and housing organizations said the current petition-based system is underused, burdensome, and costly, while opponents of expanding surveillance-related laws urged the committee to preserve privacy protections. The committee also heard testimony on H.1693, which would immediately seal records in cases ending without conviction and clarify the presumption of innocence, with speakers describing how dismissed cases still create lasting collateral consequences and prevent people from moving forward. No votes were taken during the hearing.
Several bills centered on victim safety and domestic violence. Senator Michael Moore testified for S.1201, which would keep child-protective orders in effect even if the parent or guardian who filed them dies, and for S.1204, which would update the wiretap statute. Multiple survivors and advocates supported S.1215 and S.1222, arguing for a narrow wiretap defense for recordings made to document threats or abuse and for making GPS tampering a separate felony offense. Testifiers described situations in which GPS devices were cut off or disabled and said current law leaves victims at risk and gives abusers too much leeway. The committee also heard emotional testimony on H.1685/S.1238, a bill prompted by the suicide of Stavri Yanka in custody, with the sponsor, his mother, and the sheriff describing the need for better information-sharing so suicide-risk information follows a person into custody.
Law enforcement and prosecutors supported several due-process and dangerousness-related bills. MassCOP, the Boston Police Patrolmen’s Association, and the State Police Association backed H.1828/S.1039/S.1235, which would require de novo Superior Court review for POST Commission suspensions over two weeks or decertifications, arguing officers need a meaningful appeal beyond administrative review. The committee also heard support for H.1691, expanding the dangerousness statute to additional offenses; Bristol County District Attorney Quinn said the changes would let prosecutors seek detention in serious cases such as child rape and manslaughter when facts warrant it. In contrast, the Committee for Public Counsel Services opposed expanding dangerousness detention, warning that pretrial detention causes serious harms and disproportionately affects Black and Hispanic defendants. The hearing also included testimony on H.1654/S.1063 to enhance victims’ rights and H.1525, which would rename and expand community corrections into community justice programs, with supporters emphasizing reentry, reduced stigma, and broader service access.
MO
Transcript Highlights:
- Medium security staff would receive a 75-cent stipend. The NDI is $8,945,629.
- This is for safety and security around offender communication.
- at the May commission meeting.
- In addition, the commission reviews revenues and expenditures at each commission meeting, ensuring a
- The commission approved spending...
Committee:
House Budget
CA
California 2025-2026 Regular Session
Senate Budget and Fiscal Review Subcommittee No. 4 on State Administration and General Government Apr 9th, 2026
Transcript Highlights:
- I represent an agricultural region, but food security is national security.
- We've also been able to develop and implement new security protocols that will increase our security
- And as I mentioned earlier, food security is national security, and CDFA, while it's a small department
- We have fairly sophisticated security systems on every one of our buildings.
- We do it because we want to live in a safe, secure, free society.
Summary:
The subcommittee heard a series of budget presentations from the Department of Food and Agriculture (CDFA), the Department of Cannabis Control (DCC), and related agencies. CDFA discussed its overall budget, ongoing support for the Farm to School program and climate-smart agriculture, and a proposed climate bond expenditure plan. Members focused heavily on whether the Farm to School proposal should become ongoing, how schools and suppliers are selected, whether the program is reaching disadvantaged and food-insecure communities, and whether the trailer bill language creates new duties. The LAO recommended rejecting the ongoing Farm to School proposal as presented, suggesting the Legislature consider Prop. 98 funding instead, while CDFA argued the program supports children, farmers, and local economies and helps build long-term supply-chain infrastructure. Several members also questioned the bond plan’s timing, program metrics, and workforce impacts, while LAO said the bond plan was generally reasonable and should be guided by legislative input. The committee also discussed CDFA’s proposal to eliminate vacant positions; the department said the positions were largely long-vacant or unfunded and could be reclassified if needed, while LAO recommended retaining the special-fund positions and weighing the General Fund positions on their merits. CDFA’s IT support request for additional ongoing funding and four positions was presented as necessary to address staffing shortages, legacy systems, and cybersecurity risks, and LAO had no concerns. The committee then took public comment and voted to approve items 9 through 13, including CDFA dog importation and carcass disposal items, a Gambling Control Commission IT item and tribal grant fund item, and an ABC office relocation item.
DCC presented a request to strengthen enforcement against the illicit cannabis market by opening a North State office in Redding and adding sworn and non-sworn staff. The department said most cannabis consumed in California still comes from the illicit market, that it receives about 1,500 complaints annually but can close only about 400 cases, and that it has a backlog of roughly 4,000 cases. DCC argued that a northern office would reduce travel time, improve coordination with local agencies, and help target cross-county and cross-border criminal networks. Finance supported the request as a targeted investment, and LAO had no comment. Members asked about public safety, office security, and whether a North State presence would increase complaints or referrals; DCC said safety is considered in every office opening and that a local presence would likely improve case development. The director also described the broader regulatory strategy as balancing consumer safety, illicit-market enforcement, consumer awareness, and reducing friction for legal operators. The discussion continued into broader concerns about the size of the illicit market and the long-term goals for the cannabis program.
NM
New Mexico 2026 Regular Session
Senate - Health and Public Affairs Feb 16th, 2026
Transcript Highlights:
- I mean, we keep saying commission, too. The commission is not the people. The commission...
- The commission does not tell us what the need of our state is.
- We're intending to remove that $15,000 and just tie it to Social Security.
- I'm the director of the Commission on the Status of Women.
- HB 128 would afford other firefighters the security and support during treatment.
Summary:
The committee first heard Senate Bill 130, which would require heart calcium scans for people over 50, allow pharmacists to manage related screening and medication, and eliminate cost-sharing barriers for the testing and treatment. The sponsor argued the bill could prevent coronary artery disease deaths and reduce long-term health costs, while an industry lobbyist questioned whether it would actually save patients money and raised concerns about the substitute language. After questions about costs, rural access, pharmacist training, liability, and the effect of treatment, the committee adopted a due pass recommendation on the committee substitute by a 6-4 vote.
The committee then considered House Bill 31, the EMS personnel licensure interstate compact. Supporters from the Chamber of Commerce, Think New Mexico, the Health Care Authority, and an autism advocacy group said the compact would help address EMS shortages, improve emergency response, and support rural health workforce needs. One opponent warned about out-of-state personnel practicing under unfamiliar standards and possible retention problems. The committee adopted an immunity-related amendment and then gave the bill a 9-0 do pass recommendation. House Bill 33, the psychology inter-jurisdictional compact, was also heard and amended with a similar immunity change. Supporters said it would expand telehealth and behavioral health access, while some members questioned data on workforce shortages, standards, and how the compact would affect New Mexico’s oversight. The committee approved the amended bill 8-0.
House Bill 43, a cleanup bill for PERA disability and survivor pension provisions, was presented as a technical measure to clarify statutes, update the disability earnings cap to match Social Security, and reduce ambiguity without changing benefits or liabilities. Members asked about double-dipping, survivor provisions, and fiscal impact, and the bill received a 9-0 do pass recommendation. The committee also heard Senate Memorial 22, which asks the Legislative Finance Committee to study how CYFD-administered state and federal funds support domestic violence services. Sponsors and advocates said funding has been flat or reduced despite rising need, and that providers need clearer, more transparent data; committee members expressed concern that the state lacks a clear accounting of where the money goes. The memorial passed on a 9-0 vote.
FL
Transcript Highlights:
- background... ...the only person who will have any security background is a chief domestic security
- That information could be critical to state and national security.
- That information could be critical to state and national security.
- Could the sergeants please secure the chamber?
- So would it require a complaint filed to the Ethics Commission? Or...
Summary:
The House convened with prayer, the Pledge of Allegiance, quorum calls, and introductory remarks, including recognition of former Representative Ardian Zika and law enforcement officer of the day Representative Chuck Brannan. Members also unveiled a portrait of Speaker Daniel Perez, with extended remarks praising his leadership and the institution of the House. The Speaker then explained the process for taking up returning messages from the Senate, noting that the House would consider Senate amendments to bills already passed by both chambers.
The House first concurred in Senate amendments and passed CS/CS/HB 1503 on computer science education and certification, which adds computer science and artificial intelligence content to high school instruction and creates a teacher certification program, with implementation delayed to give the Department of Education time to develop curriculum. The chamber then considered CS/CS/HB 1085 on local government cybersecurity, adopting a House amendment to allow local governments to buy into the cyber grant program whether or not they receive a grant, add a five-year sunset, and keep the program under the Florida Digital Service rather than a university. The House concurred in the Senate amendment and passed the bill 104-1. Members also refused to concur in Senate amendments to CS/HB 351 on concurrent legislative jurisdiction over military installations and HB 6011 on reporting gifts or honoraria, sending both bills back to the Senate.
The most extensive debate centered on CS/CS/HB 1471, which would create a process for designating domestic terrorist organizations and related restrictions. Supporters said the Senate amendment clarified the definition of “promote,” refined notice and timeline requirements, and aligned the bill with federal-style procedures; opponents argued it lacked due process, could chill speech, and gave the governor and cabinet unprecedented power without adequate evidentiary standards or judicial review. Members also debated a related public records bill, CS/CS/HB 1473, which would exempt certain records tied to the designation process; critics said the exemption would further reduce transparency and due process. Despite objections, the House adopted the amendments and passed HB 1471 by 80-25, while the public records measure was taken up as a technical companion to align with the newly amended bill.
ID
Transcript Highlights:
- There's payment in lieu of taxes, there's secure rural schools, different funding.
- This is an add-on appropriation for the Commission on the Aging.
- This is an add-on appropriation for the Commission on the Aging, and just a little history.
- The Commission on Aging was established in 1968.
- So, and getting close here, $55,000 is for one fleet vehicle and modifications to secure cargo.
WA
Washington 2025-2026 Regular Session
House Agriculture & Natural Resources Jan 21st, 2026
Transcript Highlights:
- I'm the legislative director at the Washington Utilities and Transportation Commission.
- I'm the legislative director at the Washington Utilities and Transportation Commission.
- This is House Bill 2238, which adds food security coordination and food system performance monitoring
- strategy. and directs the department to develop a statewide food security strategy.
- That's where our food security strategy has to start.
Summary:
The House Agriculture and Natural Resources Committee held a public hearing on House Bill 2275, which would create a Wildfire Prevention and Protection Fund and a new council to oversee utility wildfire mitigation, claims payments, and related administration. Staff explained that investor-owned utilities would be required to participate, consumer-owned utilities could opt in, and utilities would pay annual contributions and maintain approved wildfire mitigation plans to qualify for claims coverage. The prime sponsor, Rep. Christine Reeves, said the bill was intended to address wildfire liability, support prevention, and create a more comprehensive statewide approach to wildfire risk. Members asked about retroactivity to July 1, 2021, utility contribution limits, and whether the bill would lower rates or improve mitigation funding.
Public testimony was split. Supporters included the Confederated Tribes of the Colville Reservation, the Department of Natural Resources, wildfire survivors, and several wildfire and insurance advocates, who emphasized the need for compensation, stable funding, prevention, and better resilience planning. Opponents included several utilities, utility associations, business groups, and public utility district representatives, who argued the bill would shift uncapped costs to ratepayers, lacked clear liability reform and solvency protections, and could be vulnerable to future fund sweeps. Some witnesses cited California’s wildfire fund as a model, while others said Washington needed a broader, more holistic solution focused on prevention and liability reform. No vote was taken on HB 2275; the public hearing was closed after testimony.
The committee then moved to executive session on House Bill 2238, which directs the Department of Agriculture to develop a statewide food security strategy and adds food security coordination and food system performance monitoring to the department’s duties. Four amendments were adopted: L-061, requiring consideration of regulatory cost metrics and periodic competitiveness reporting; L-062, directing the strategy to recommend legislative actions to make food more affordable and reduce food assistance need; L-060, adding people with lived experience of food insecurity and BIPOC small farmers to consultation requirements and focusing on root causes of hunger; and L-063, adding fuel and labor cost tracking to agricultural viability metrics. Amendment L-064, which would have required a consultant study on proposed agricultural labor legislation, failed on a 5-6 roll call vote. The committee then adopted the amended substitute and reported Substitute House Bill 2238 out of committee with a due pass recommendation by an 11-0 vote.
ID
Idaho 2026 Regular Session
Agenda Mar 10th, 2026
Transcript Highlights:
- The second is a one-time dedicated fund request for replacement items, including obsolete security systems
- The second program is the Commission on Uniform State Laws.
- This four-member commission studies proposed uniform laws and drafts legislation for consideration by
- The third program is the Idaho Code Commission, which is continuously appropriated.
- The Idaho Code Commission is continuously appropriated.
Summary:
The committee first took up Idaho Transportation Department budgets. It approved increases for the Transportation Services Division, including deferred maintenance, airfield improvements, aeronautics facilities maintenance, replacement items, IT hardware, and health benefit costs. It also adopted reappropriation language for capital facilities and aeronautics programs. The Division of Motor Vehicles budget was then approved for replacement items and IT hardware, followed by Highway Operations funding for roadside safety, tree removal, new and replacement equipment, IT hardware, and a small personnel transfer. The committee also approved Contract Construction and Right-of-Way Acquisition funding, including a large general fund transfer and language allowing accounting corrections and reappropriation authority. All of these items received due pass recommendations.
The Department of Agriculture budget was next. The committee approved two FY 2026 supplementals: one for quagga mussel treatment costs from the Invasive Species Fund and another for pest monitoring and control from the General Fund to the Pest Control Deficiency Fund. It then approved FY 2027 enhancements for replacement items, IT hardware, and health benefit costs, along with reappropriation language for the Resilient Food Systems Grant. The State Liquor Division budget was also approved, including ongoing inflation adjustments, replacement items, and IT/security hardware. However, a proposed reporting requirement on energy and utility rebates for the Liquor Division failed after the Senate did not support it, so that language was not adopted.
The Secretary of State budget drew the most discussion. The committee approved a one-time voter pamphlet appropriation and an internal transfer for overtime, but rejected a substitute motion that would have imposed an additional base reduction. The Secretary of State testified that the office was already dealing with major filing backlogs and an earlier rescission, and that further cuts would slow business filings and election-related work. The committee then approved the original motion. Finally, the Office of the State Public Defender budget was approved for six new trial attorney positions, data migration and storage costs, IT replacement items, and health benefit funding. The meeting ended with notice of the next day’s budget-setting agenda and adjournment.
TX
Transcript Highlights:
- Uh, keep in mind that Texas Health Commission does have a plan.
- Uh, we have you registered general counsel representing Texas Animal Health Commission.
- So I can speak a little bit to the current needs of the Animal Health commission.
- Um, I guess what I'm asking the Animal Health Commission and Doctor Kaufman, uh, we, we.
- facilities, both armed security, biosecurity, and nuclear regulatory security.
Committee:
House Agriculture & Livestock
KY
Kentucky 2025 Regular Session
Budget Review Subcommittee on General Government, Finance, Personnel and Public Retirement (8-20-25)
Transcript Highlights:
- Through the work of the Kentucky Opioid Abatement Advisory Commission, we are applying the Treasury's
- As a result, more than $200,000 each month is being realized in earnings, which enable the commission
- </c> like Medicaid or Social Security. like Medicaid or Social Security.
- </c> of all settlement funds through secure of all settlement funds through secure interestbearing<00
- I know that's an obvious cyber security.
Keywords:
Meeting Start 00:00:00
Attendance Roll Call 00:00:30
Personnel Cabinet 00:03:25
Department of Veterans Affairs 00:12:40
Auditor of Public Accounts 00:22:39
State Treasurer 00:42:24, 958, all
Summary:
The committee first heard from Personnel Cabinet officials on House Bill 6, which required the Kentucky Employees Health Plan to offer a qualified high-deductible health plan by the 2026 plan year. Officials said the plan was already added for 2025, described it as the lowest-premium option with higher deductibles, and explained that federal rules prevent first-dollar coverage except for limited preventive services. They said 264 members had selected the plan out of about 142,000, and noted it also allows health savings accounts. Members asked about the plan’s benefits, what “catastrophic” meant, the deductible amounts, and whether employees were aware of the option; the cabinet said it would continue to highlight the plan in communications and that the deductible is above $8,000 for individuals and above $16,000 for families.
The committee then received an update from the Kentucky Department of Veterans Affairs on the Bowling Green veterans center. Officials said the current target is to move into the building on October 28, with first admissions about two months later, pending final fixes and certification steps for Medicare, Medicaid, and the VA. They explained that about $7 million in FY25 appropriations lapsed because of construction delays, staffing ramp-up was postponed to avoid unnecessary spending, and the unspent funds should be considered in the next budget request. Members praised the project and asked about annual operating costs; officials said the current operating budget is about $15 million, though they do not expect to spend all of it this year. The commissioner also announced the fifth annual state commanders conference in Lexington, focused on veterans issues and featuring state, federal, and advocacy leaders.
State Auditor Allison Ball then outlined her office’s budget priorities. She said the office is primarily a billing agency that charges audited entities for its work, and warned that some agencies are now signaling they may refuse to pay for audits related to kinship care and the medical cannabis application process. She said the office plans to continue requesting outlier credits for unusually burdensome county audit fees, funding for the ombudsman office’s transition and expanded in-office operations, and revenue replacement for local government audits and possibly state audits and special examinations. Ball also said the office conducts about 500 audits, reviews, and examinations a year and wants to restore performance audits with seed funding, as well as add investigators to the ombudsman office to focus more on child abuse and neglect cases. Members discussed the value of performance audits, the possibility of raising certain board thresholds to account for inflation, and the need for additional capacity to handle more audits.
HI
Hawaii 2026 Regular Session
CPC Public Hearing - Wed Feb 18, 2026 @ 2:00 PM HST
Consumer Protection & Commerce
Transcript Highlights:
- It's not like owning security interest.
- They a security interest there, a lean.
- >> Because the mortgage secures the note.
- If you stand on a Agriculture Security.
- consultant secured by June.
Bills:
HB20 , HB2612 , HB2404 , HB2459 , HB2194 , HB1880 , HB2284 , HB1969 , HB2458 , HB1546 , HB2161 , HB1721 , HB1641 , HB2137 , HB1782 , HB2360 , HB1965 , HB1897 , HB1513
Committee:
House Consumer Protection & Commerce
Keywords:
lava insurance, homeowners, insurance market, subsidy, Hawaii, mortgage, debt, secured transactions, real property, Hawaii Revised Statutes, cooperative associations, electric utility cooperatives, agricultural cooperatives, mutual help, food innovation, agribusiness, food safety, market access, branding, economic diversification
Summary:
The committee heard testimony on HB 20, which would create a lava zone insurance subsidy/fund. The Insurance Division opposed the bill, arguing that lava zones 1 and 2 are the highest-risk areas, that a subsidy would not reduce the underlying risk or loss costs, that it could invite similar subsidy requests for other hazards, and that the bill may conflict with HICV by diverting funds from the CRF. Members discussed the lack of authorized homeowners insurance in those lava zones, the role of HPIA and the surplus market, and the difference between the proposed lava-zone subsidy and the Hawaii Hurricane Relief Fund. The chair noted 37 submitted testimonies in support and one in opposition, and the committee then moved on without taking a vote on HB 20 in the portion provided.
The committee then took up HB 2612, relating to mortgages, which would clarify that a mortgage does not exist independently of the debt it secures and is not independently enforceable from that debt. The Hawaii Credit Union League and Hawaii Financial Services Association opposed the bill, while several individuals testified in support, arguing it would restore Hawaii’s long-standing lien-state rule and prevent so-called “zombie mortgages” after the Hawaii Supreme Court’s White decision. Supporters said the bill would protect borrowers from delayed foreclosures and predatory lending practices, while opponents and the Insurance Division emphasized that foreclosure actions still require proof of standing and possession of the note, and that lenders generally pursue foreclosure without seeking deficiency judgments.
Committee members questioned the Insurance Division about how the current market works, whether lenders could wait out the statute of limitations and then foreclose only on the mortgage, and whether equitable tolling or later defaults could allow refiling. The division said it is still trying to attract authorized insurers back into the lava-zone market, but has seen little progress. No vote or final action on HB 2612 was taken in the excerpt provided.