Transcript Highlights:

• Uh they service. Uh there is a limit.
• We added a person 65 years of age or older in the exploitation provisions so that all persons age 65
• <00:50:53.440> and being over 65 years of age and being over 65 years of age and it<00:50:
• Is there any way, no matter what age.
• Health Services, Senate Bills 116 and Health Services, Senate Bills 116 and 147,<01:46:18.400> to<

Keywords: 958, all

Summary: The House convened with 98 members present, declared a quorum, approved the prior journal, and received Senate concurrence requests on Senate Bills 263, 281, and 324. The chamber then moved through second readings and committee reports on a range of measures, including education, agriculture, banking and insurance, judiciary, licensing, and task force resolutions. Among the reported bills were measures on KEES scholarships for non-certified schools, a residential safe room rebate program, dual credit scholarships, impeding a first responder, motor vehicles, tallow-based cosmetic products, animal health emergencies, mortgage loan income limits, deferred deposit fees, child protection, Attorney General operations, corrections operations, school leadership, school transportation, advanced mathematics coursework, and task forces on charitable gaming and early childhood education governance. The House passed House Bill 642, a Teachers' Retirement System housekeeping bill, after adopting House Committee Substitute 1. The sponsor said the bill updates survivor benefit documentation, raises the daily earnings limit for retired members returning to work from $170 to $200, removes an unused early-return provision, reinstates a pension waiver program, clarifies benefit tier calculations using an earlier participation date in another state system, and allows a parent member to manage payments for a disabled child without a court order. Members asked about substitute teaching limits, retirement penalties, budget impact, and a removed provision involving index funds; the sponsor said he would follow up on the day limits and stated he did not believe the bill would add to unfunded liability. The bill passed 96-0. The House also passed House Bill 780 on recording commissioner’s deeds, after adopting a floor amendment that removed fines and penalties. The bill allows a city to petition circuit court if a deed is not recorded within 30 business days, and the court may compel filing and award costs and attorney’s fees. Members discussed whether the bill effectively created a lawsuit-based enforcement mechanism rather than a fine, and supporters said it would help local governments identify responsible property owners and address code enforcement and public safety issues. The bill passed 96-0. House Bill 541, concerning peace officers, also passed after a committee substitute; the sponsor said it cleans up Kentucky Law Enforcement Council procedures, strengthens certification standards, clarifies revocation language, and reflects input from law enforcement groups. It passed 95-0. House Bill 195, the Kentucky Urban Youth Agriculture Initiative, passed after a committee substitute and floor amendment. The substitute added Kentucky State University Cooperative Extension alongside UK Cooperative Extension, and the floor amendment changed the pilot’s implementation date to January 1, 2027 and adjusted the program’s term timing. Supporters said the bill would expand urban agriculture education, connect youth to food systems and career pathways, and help students in urban counties learn practical agricultural skills; it passed 97-0. The House then took up House Bill 794 on financial exploitation, which expands protections to all adults age 65 and older, adds felony penalties for knowingly, wantonly, or recklessly exploiting those adults, allows the attorney general to seek extradition from another state, and requires investment advisers to complete three hours of continuing education on financial exploitation. Members cited real-world scam experiences and urged stronger penalties, but the bill passed 96-0.

Transcript Highlights:

• I know that military service is family service, so I want to recognize and thank Congressman Collins'
• range of care for reproductive services as needed, regardless of your age. ideological position?
• For me, the service organization called the VA is about service. It's about the veteran.
• an older age.
• The facility's age is showing.

Transcript Highlights:

• In relation to various services that you provide, what would be television type services, and what would
• be safety type services?
• So, we can do it by age. Absolutely. And we do do it by age.
• That would be like services like.
• We work closely with the National Weather Service, as you know, there's a local National Weather Service

Keywords: 914, all

Transcript Highlights:

• behavior health clinic services, children’s therapeutic services and supports, and crisis response services
• behavior health clinic services, children’s therapeutic services and supports, and crisis response services
• behavior health clinic services, children’s therapeutic services and supports, and crisis response services
• behavior health clinic services, children’s therapeutic services and supports, and crisis response services
• behavior health clinic services, children’s therapeutic services and supports, and crisis response services

Keywords: 1187, senate, all

Transcript Highlights:

• Alcohol Spectrum Disorder Treatment Assistance Program within the Aging and Disability Services Division
• and Disability Services Division of the Department of Health and Human Services.
• and Disability Services Division of the Department of Health and Human Services.
• relating to emergency medical services.
• relating to emergency medical services.

Keywords: 909, all

Transcript Highlights:

• It adds $70,000 to the contract, and it's for professional service fees for pharmacist services.
• Number ten, DHS Division of Aging, Adults, and Behavioral Health, with Republic Services, is for waste
• So what is warranty service? Testing and comprehensive warranty service and support.
• So what is warranty service?
• This is for medical monitoring services.

Summary: The subcommittee first considered a used tire program contract for Arkansas District 4, an $88,000 one-year contract with LTR Intermediate Holdings. Senators raised concerns that the tire district’s revised business plan had not yet been approved and that the contract could leave the district unable to pay. Questions also focused on solicitation language that excluded bidders under corrective action plans. On motion, the committee held the contract until next month and encouraged the tire board to appear. Members then reviewed and, without objection, moved forward a series of methods of finance, alternative delivery projects, and discretionary grants. These included multiple university and college projects such as renovations, roof replacements, a new UCA multipurpose arena, and a revised financing package for UA Fayetteville’s Maple Hill residence hall. The committee also reviewed DHS and Department of Health grants for aging services, substance abuse prevention, mental health, nutrition outreach, hearing-loss follow-up, HIV services, maternal health, and rural hospital quality improvement. The committee next handled contract items, including a UAMS ratification for FMLA Source after an amendment was not submitted for review and payments continued past expiration; UAMS said it had retrained staff and would review for other missed contracts. Members also reviewed numerous construction, intergovernmental, out-of-state, and in-state contracts across state agencies and universities. Questions were raised about an out-of-state aeronautics study, a U of A Fayetteville parking guidance system, and a Veterans Affairs nursing contract. Most items were reviewed without objection, and the meeting adjourned after informational reports on contract amendments and minor contracts.

Transcript Highlights:

• <00:30:30.880> coming don't provide that same service coming don't provide that same service
• So, so um is for ag materials, Right.
• to the Department of Ag and Biosecurity.
• the name of Department of Ag the name of Department of Ag to<00:51:25.000> Department<00:
• to Department of Ag and Biosecurity. to Department of Ag and Biosecurity.

Keywords: 912, senate, all

Summary: The committee first heard several measures and took testimony without questions on SB 2431 relating to health savings accounts and SB 2797 relating to consumer protection. For SB 2797, the DCCA Office of Consumer Protection offered comments, Retail Merchants of Hawaii opposed the bill over gift card fraud compliance costs and legal risk, and AARP Hawaii supported it. The committee also heard SB 2946 on foreclosures, where the Hawaii State Bar Association’s Collection Law Section and several lenders, associations, and individuals opposed the measure, while the Hawaii Bankers Association and others offered comments. SB 2961 on insurance drew comments from the Insurance Division and Hawaii Insurance Council, with NAMIC opposing and some individuals supporting. SB 2948 on insurance fraud received comments from the Insurance Division and support from the American Property Casualty Insurance Association, with NAMIC and the Alliance for Responsible Consumer Legal Funding also commenting. No votes were taken during the hearing portion, and the committee recessed after testimony. The committee then reconvened for decision-making on the 9:30 agenda. SB 2431 was passed with amendments, including DOTAX-requested changes, a five-year limit on credit carryforwards, removal of an aggregate cap, a rural definition, transparent reporting, technical amendments, and a deferred effective date of July 1, 2050. SB 2797 was also passed with DCCA-requested amendments, technical changes, and the same deferred effective date. SB 2946 was deferred because there was no testimony in support. SB 2961 was passed with amendments, but after Senator McKelvey raised concern that policy-limit language could undermine the bill, the committee removed two policy-limit amendments before adopting the recommendation. SB 2948 was passed with amendments deleting certain definitions, aligning penalties and public-records provisions, adding coordination and disclosure clarifications, and making technical changes; one no vote by Senator Awana was recorded, with the rest in favor. The committee also considered SB 3000 from a prior hearing and recommended passage with amendments clarifying the Attorney General’s authority, creating a special fund, and addressing concurrent actions, again with a deferred effective date and one no vote by Senator Awana. In a joint CPN/GVO agenda, SB 2258 relating to school agriculture procurement targets was passed with amendments after the Department of Education said it would need to follow up on whether changing the target period from calendar year to school year would create procurement or scheduling issues; the committee added technical changes, a deferred effective date, and routed the bill to Ways and Means, with a note that Education should also have received it. In a later joint CPN/AEN hearing, SB 2452 relating to climate-friendly insurers drew strong opposition from the Insurance Division and several insurance groups, who warned it could push insurers out of the authorized market and into the surplus lines market, raising costs; Senator Dela questioned whether the bill would worsen an already strained market, while the division said the legislature could make the policy choice but warned of market disruption. The hearing then moved to SB 2760 on invasive species, where DLNR, DAB, CGAPS, and the Oahu Invasive Species Committee generally supported broader inspection and quarantine authority, civil penalties, and longer interim-rule authority, while committee members asked about staffing, treatment capacity, and implementation for non-agricultural commodities such as building materials and vehicles.

Transcript Highlights:

• Medicaid school-based services program, Medicaid school-based services program, and<00:08:25.840>
• , loyalty, their hands to larger service, loyalty, their hands to larger service, and<00:14:03.600
• Strong Vermont, the 10-year plan on aging well and our state plan on aging. there.
• <00:18:00.880> Strong update on year two of Aged Strong update on year two of Aged Strong
• <00:42:26.160> On On termination of the service provider contract, the service provider may

Keywords: 926, house, all

Summary: The House opened with a devotional, the Pledge of Allegiance, and the formal swearing-in and seating of newly appointed Representative Jack Bighgam of St. Albans Town, who was also assigned to the Committee on Agriculture, Food Resiliency, and Forestry. The chamber then introduced House bills 911 and 912 and referred them to the Agriculture, Food Resiliency, and Forestry Committee and the Judiciary Committee, respectively. Several other bills were referred to money committees under House rules, including H.558 and H.775 to Ways and Means and H.632 and H.778 to Appropriations. Members also made announcements recognizing visiting groups, including fire and rescue personnel, community action agencies, 4-H participants, and other guests, along with caucus meeting notices. The House then took up H.907, a Government Operations and Military Affairs Committee bill to review and repeal outdated reporting requirements. The committee explained that the bill categorizes reports into those repealed, those to be reviewed again in four years, and those retained permanently, with an effective date of July 1, 2026. The committee reported unanimous support, and the House ordered the bill to third reading after agreeing to the committee recommendation. Next, the House considered H.205, dealing with agreements not to compete and stay-or-pay provisions. The Commerce and Economic Development Committee described the bill as generally prohibiting non-compete agreements, especially for lower-wage workers, while allowing narrow exceptions, and limiting stay-or-pay provisions to voluntary, reasonable, and clearly disclosed arrangements. During questioning, a member raised concern about a specific carveout for teacher contracts, arguing it could be used to restrict teacher mobility; the presenter said the language was intended to clarify that the bill did not conflict with existing teacher-contract law. The House adopted the committee amendment and ordered the bill to third reading. The House then began second reading of H.639 on genetic data privacy. The committee described the bill as creating strong protections for consumers’ genetic information, requiring express opt-in consent for collection, use, disclosure, transfer, retention, and marketing uses; allowing revocation of consent; requiring deletion of data and biological samples upon request; restricting storage and transfer outside the United States; and prohibiting disclosure to insurers, employers, and most government access without a warrant. The committee also said the bill would impose security requirements and anti-discrimination protections, and the detailed presentation continued as the transcript ended.

Transcript Highlights:

• I'm the director of the Florida Forest Service, and the Forest Service is a...
• I'm the director of the Florida Forest Service, and the Forest Service is a division under the Department
• So the mission statement for the Florida Forest Service...
• The Florida Forest Service has responded to 2,942 fires.
• It's 1.2 million acres that the Florida Forest Service manages.

Summary: The Senate Committee on Agriculture received a presentation from Florida Forest Service Director Rick Dolan on the agency’s wildfire response, forest management, and emergency support roles. He described the service’s four regions and 14 districts, its year-round wildfire response, use of bulldozers, helicopters, and drones, and the current high fire danger due to drought conditions. Dolan also highlighted prescribed burning, fuels mitigation, state forest management, the pine seedling nursery, and the agency’s role in hurricane response and incident management. Members asked about equipment loans and whether more prescribed burning could reduce wildfire impacts; Dolan said Florida already leads the nation in prescribed fire and emphasized public education and fuels reduction. The committee then considered and unanimously reported favorably Senate Bill 386, which creates a farm-equipment consumer protection process similar to a lemon law, allowing purchasers to seek repair or replacement of defective major farm equipment at no cost. The committee also took up Senate Bill 290, the Agriculture and Consumer Services omnibus bill. The bill would modernize fair association rules, preempt local bans on gas- and diesel-powered farm and landscape equipment, allow surplus of certain state-owned lands for bona fide agricultural use while excluding parks, forests, and wildlife lands, create a veterinary loan repayment program, make Farmers Feeding Florida permanent, expand Forest Service training opportunities, criminalize signal-jamming devices, increase penalties for CDL and English-proficiency exam cheating, restrict certain door-to-door solicitation, protect food safety inspectors, clarify biosolids rules, and add criminal and vendor-list penalties for contractors who fail to pay subcontractors. The committee adopted three amendments to align dates and technical language and to authorize native seed research and marketing through the Florida Wildlife Foundation. Testimony on SB 290 included support from several industry groups, concerns from the Home Builders Association about the new contractor-payment criminal penalties, and opposition from a citizen worried about the new surplus-land process for conservation lands. Despite concerns, CS/SB 290 was reported favorably. Finally, the committee unanimously recommended confirmation of the appointees listed on tabs 4 and 5, and then adjourned.

Transcript Highlights:

• My name is Natasha Ms, and I am the assistant commissioner for aging and disability services at the Department
• PACE is a model or program of delivering home and community-based services for people aged 55 and older
• at<00:01:07.600> the aging and disability services at the aging and disability services
• 55<00:02:19.280> and Based Services for people aged 55 and Based Services for people aged
• I am the deputy director of the Aging and Adult Services Division at DHS, within ADSA, and I have been

Keywords: 1183, house

Transcript Highlights:

• 13th Congressional District, I congratulate Michael and his selection for the National Outstanding Ag
• Vic passed away last week at the age of 103.
• Vic passed away last week at the age of 103.
• Vic passed away last week at the age of 103.
• But this problem extends beyond technology and service contracts across the Federal Government.

Keywords: U.S. House of Representatives Floor Proceedings on Monday, February 23, 2026, 1012, house, all

Transcript Highlights:

• effective quality programs and services effective quality programs and services across<00:17:40.160
• <00:31:40.559> Program communication access Services Program communication access Services
• these are services that they're legally these are services that they're legally eligible<00:32:00.760
• with them to deliver the services with them to deliver the services required<00:37:53.440> by<
• Department of Health and Human Services Department of Health and Human Services and<00:44:55.800

Keywords: 1189, house, all

Transcript Highlights:

• are the core services that people need<01:27:21.639> to<01:27:21.840> age<01:27:22.080
• while on service.
• while on service.
• while on service.
• I'm the adult services manager at Rice County Community Services.

Keywords: 1187, senate, all

Transcript Highlights:

• And so they have a desire to have those services in their communities.
• So we try to provide those services out there in the communities.
• And that's why we have 21-year-old age gates on these products.
• And I'm getting to the age now.
• And people under the age, I don't know, pick an age like 30, they just don't drink.

Keywords: 959, house, all

Summary: The committee first heard Senate Bill 1020, which would let the Department of Revenue contract for a Missouri license office without rebidding if no qualifying bids are received. Senator Sandy Crawford and Director of Revenue Trish Vincent said the change would help keep rural license offices open, reduce repeated bidding, and allow the department to work with local entities such as chambers, cities, counties, or other community organizations. Members asked about the current bidding process, why small offices struggle financially, and whether more services could move online. No opposition testified, and the hearing on SB 1020 was closed after no further questions. The committee then took up House Bill 3093, which would extend Missouri’s direct-to-consumer shipping rules from wineries to local distillers and breweries. Rep. Nick Kimball and supporters argued the bill is about fairness and parity for Missouri craft producers, saying the same age-verification, labeling, and shipping restrictions already used for wine would apply, with no change to tax collection or the three-tier system. Supporters, including craft distillers and brewers, said the current law excludes Missouri businesses from a market already available to wineries and that direct shipping would help small producers reach customers and keep revenue in-state. They also said existing systems require adult signatures and ID checks, and some suggested the bill could be paired with a shipping license fee or other safeguards. Opponents, including the Wine and Spirit Wholesalers of America, Missouri grocers, beer wholesalers, convenience stores, and Anheuser-Busch, warned that expanding direct shipping would weaken the three-tier system, increase competition from large out-of-state shippers, and create enforcement and underage-access concerns. They argued the current wine-shipping system already shows compliance problems and that allowing beer and spirits direct shipping could open Missouri consumers to broader interstate competition. Several members questioned whether the bill should instead focus on allowing Missouri producers to ship out of state or on strengthening existing controls. The committee heard extensive testimony from both sides, but no vote was taken in the transcript.

Transcript Highlights:

• <00:15:12.240> barriers not be left a chance or to age barriers not be left a chance or to
• age barriers for<00:15:14.800> young<00:15:15.199> adults.
• Our current age restriction on a constitutional right is fundamentally anti-democratic, and I cannot
• Our current age restriction on a constitutional right is fundamentally anti-democratic, and I cannot
• To Health Services, House Bills 393, 401, 407, 408, 409, and 412.

Keywords: HB 312 continued 00:00 Motions, Petitions, and Communications 25:16 Introduction of New Bills and Resolutions 27:27 Recess for ConC and Rules Meeting 28:33 ConC/Rules Report 33:45 Adjournment 35:21, 958, all

Summary: The House took up House Bill 312, which would expand concealed carry rights to 18- to 20-year-olds. Debate focused heavily on gun violence, public safety, constitutional rights, and whether the bill would make schools, parks, and other public places less safe. Opponents argued that young people are not ready for the responsibility, cited recent shootings and gun deaths in their districts, and said families had not asked for this bill. Supporters said 18- to 20-year-olds already may possess firearms, that concealed carry is safer than open carry for law-abiding adults, and that the bill includes training and background-check provisions. Several members also discussed differences between rural and urban gun culture and whether crime trends were related to constitutional carry laws. During floor discussion, members exchanged questions about crime rates since constitutional carry was enacted, with a sponsor responding that crime had decreased in the Commonwealth. Other members raised concerns about suicide, mental health, and the impact on students and women, while supporters emphasized self-defense and constitutional rights. After debate, the House voted on HB 312 and passed it 73-17. The bill was then clinched. After HB 312, the House handled routine business. Members moved House Resolutions 30, 33, and 7 from committee to the floor, and several committee schedule announcements were made, including possible changes due to weather. The Committee on Committees reported referrals for a number of bills to standing committees, and the Rules Committee posted House Bills 134 and 306 for the regular orders on Monday, January 26, 2026. The House then adjourned until 4:00 p.m. Monday, January 26, 2026.

Transcript Highlights:

• <00:15:43.000> in uh how you going to retain services in uh how you going to retain services
• going to retain those essential services going to retain those essential services and<00:16:07.079
• In addition to an aging patient population, the health care workforce itself is also aging.
• In addition to an aging patient population, the health care workforce itself is also aging.
• from the Department of Human Service from the Department of Human Service Services<01:40:24.360>

Keywords: 1187, senate, all

Transcript Highlights:

• Thank you for your service on the commission as well, Rep. We really appreciate it. Absolutely.
• But I will say this is about ag land.
• All right, no questions, and thank you for your service on the Food Policy Council as well.
• These activities can strengthen farmer-customer bonds and further fortify ag in Massachusetts.
• We hire young people ages 15 to 20 years old to work on our farm. With youth.

Keywords: 995, all

Summary: The Joint Committee on Agriculture and Fisheries held a public hearing on 19 legislative proposals, with testimony limited to three minutes per speaker and seven minutes per panel. The hearing opened with testimony on bills promoting urban agriculture and vacant-lot conversion, including H.121/S.61, which Green Roots staff and community members supported as a way to turn vacant lots in environmental justice communities into urban farms and gardens that improve food access, health, community cohesion, and climate resilience. Rep. James Arena-DeRosa also spoke in support of H.109/S.56, the PFAS bill, describing it as a measure to protect soil and farms from contamination and to create relief for affected farmers. A major portion of the hearing focused on H.109/S.56, which would ban land application of sewage sludge/biosolids, provide liability protection and relief funds for farmers, and address PFAS contamination in soil, water, crops, and animals. Testimony came from environmental groups, farm organizations, and individual farmers, including the Mass Food System Collaborative, Conservation Law Foundation, Clean Water Action, CEMAP, NOFA, Sierra Club, and several farmers who described contamination in Maine and Massachusetts and urged the committee to act. Witnesses emphasized that PFAS poses serious health risks, that farmers should not bear responsibility for legacy contamination, and that the bill should be paired with funding for testing, remediation, and assistance. Committee members asked questions about farm liability, the scope of the bill, contamination in different ownership situations, and the costs and timelines of remediation, with Senator Comerford and others clarifying that the bill is intended to protect farms and farmers rather than non-agricultural landholders. The committee also heard strong support for H.416, a farm-to-institution pilot program, from Rep. Lee Davis, Berkshire Agricultural Ventures, and Berkshire Bounty. They said the pilot would connect Massachusetts farms to schools, hospitals, correctional facilities, and other institutions, creating new markets, strengthening local supply chains, and supporting food-is-medicine efforts. Members discussed whether the model could be statewide and referenced existing programs such as Island Grown Initiative and local hospital and insurance partnerships. Another agricultural bill, H.1058, was supported by Rep. Mark Sylvia and the Cape Cod Cranberry Growers’ Association as a way to allow unused cranberry water rights to be transferred within the same watershed for municipal mitigation while helping growers retire or consolidate bogs. The hearing also included testimony on the broader farm omnibus bill H.112/S.55 and related measures, with the Massachusetts Farm Bureau and others praising the committee’s work on agricultural resilience, food security, agritourism, workforce development, and farmland access, while suggesting additional transportation-related fixes for farmers. No votes were taken during the hearing.

Transcript Highlights:

• In regards to the communication services tax, it freezes local communication services tax rates until
• In regards to the communication services tax, it freezes local communication services tax rates until
• In regards to the communication services tax, it freezes local communication services tax rates until
• In regards to the communication services tax, it freezes local communication services tax rates until
• In regards to the communication services tax, it freezes local communication services tax rates until

Summary: The Finance and Tax Committee met and first heard SB 674, which would allow county property appraisers, like tax collectors already can, to budget for and pay hiring or retention bonuses if approved in their Department of Revenue budget. Support came from property appraiser representatives, who said the bill would help them compete for specialized staff without requiring new funding. The bill was reported favorably. The committee then considered SJR 318, a proposed constitutional amendment on tangible personal property used on agricultural land, along with an amendment clarifying the exemption’s scope and allowing the Legislature to set conditions by general law. Farm Bureau and the Florida Chamber supported the measure, and the committee adopted the amendment and reported the joint resolution favorably. Members also took up CS for SB 1664, which would require voter reapproval of local discretionary taxes when they expire; an amendment changed the bill to require expiration dates and tied reapproval to tax expiration rather than a fixed eight-year cycle. Local government and tourism groups raised concerns about impacts on tourist development taxes, transportation surtaxes, beaches funding, and long-term financing, while supporters argued voters should periodically affirm local taxes. The committee adopted the amendment and reported the bill favorably. Next, the committee considered SJR 1510 and its implementing bill SB 1512, both dealing with a homestead-style property tax benefit for certain long-term leased residential properties. After multiple amendments narrowed the proposal substantially, limiting it to one qualifying property and then to single-family homes, mobile homes, and condominium units, counties and cities still opposed the measures as a tax shift to other taxpayers. The sponsor said the changes reduced the scope and fiscal impact, and both measures were reported favorably. Finally, the committee heard SPB 7034, the Senate tax package, which includes permanent sales tax exemptions, multiple tax holidays, motor vehicle fee reductions, a property tax study, rural investment tax credits, a freeze on local communications services tax rates, and other tax changes, with an estimated $2.1 billion revenue reduction. Testimony was mixed: property appraisers supported the property tax study, while many public commenters opposed the firearm and ammunition tax holiday and urged inclusion of gun safes and locks instead. County, city, tourism, and lodging representatives raised concerns about tourist development tax limits and other local revenue impacts, while supporters emphasized tax relief and the study’s value. After debate, the committee adopted a motion to submit SPB 7034 as a committee bill and reported it favorably.

Transcript Highlights:

• these types of goods it's on Services these types of goods it's on Services that's<00:23:48.080>
• That's in services. That's in services, yes it is. Yeah, yeah, that's a perfect segue.
• services, followed by education.
• :48.000> by transportation services followed by transportation services followed by education<
• So we are attracting a higher proportion of prime-age workers or prime-age individuals working age than

Keywords: 928, house, all

Summary: The meeting was a Ways and Means briefing opened by the vice chair, who introduced Jason Wong of the Federal Home Loan Bank of Boston to discuss the national and regional economy. Wong focused on inflation, asking why it had fallen from about 9% in 2022 to the 2%–3% range, and what that meant for monetary policy and the risk of an economic downturn. He said the Fed’s target is 2%, noted that recent PCE inflation was about 2.4% and core PCE about 2.7%, and described the ongoing debate over whether interest rates should stay tight or be lowered further to protect the labor market. Wong explained that the improvement in inflation has been driven largely by goods prices, especially durable goods such as cars, appliances, and furniture, as well as non-durable goods like food. He said supply-chain disruptions during the pandemic caused major price spikes in 2022, but those pressures have eased and many goods prices are now at or below the Fed’s target. He also referenced the New York Fed’s Global Supply Chain Pressure Index, saying it showed extreme pandemic-era disruptions that have since receded. The main remaining inflation problem, he said, is in services, especially housing. Wong broke services into rent of shelter and all other services, explaining that shelter is a large share of household budgets and that housing inflation has a lag because rent measures often reflect older lease terms rather than current market rents. He said monthly Zillow data suggest market rents have cooled and may eventually feed through to official inflation measures. Members asked several questions about the chart’s time scale, the treatment of real estate, property taxes, and utilities, and Wong clarified that housing costs are counted in services and that the slides would be shared digitally. No votes or formal actions were taken.

Transcript Highlights:

• To change that AG opinion, remove that on the escorts is the only... How old is the AG opinion?
• To change that AG opinion, remove that on the escorts is the only... How old is the AG opinion?
• AG opinion is law until otherwise changed.
• So we utilize those services. That means we pay the service. The service pays the officers.
• Some of the online services... Some of the online services have been fairly responsive.

Keywords: 1185, senate, all