Transcript Highlights:

• , should be based on their education, should be based on their education, training,<00:21:00.200>
• , accurate, age-appropriate sex education, accurate, age-appropriate sex education, which<00:42:38.840
• quality assurance framework quality assurance framework that<01:23:40.440> ensures<01:23:
• Um physician-led framework behind it.
• <01:48:18.320> and<01:48:18.480> Narcan overdose education and Narcan overdose education

Keywords: 958, all

Summary: The committee opened its sixth and final interim meeting with roll call, quorum confirmation, approval of the prior minutes, and a brief change in agenda order to preserve quorum and accommodate presenters’ schedules. Members then moved through several proposed health-related items with limited discussion, and the chair noted the committee would reconvene in January for further conversation. The first substantive item was a proposal relating to utilization controls for non-opioid analgesics in Medicaid. Senator Gerald Neal and Tara Hyde of People Advocating Recovery argued that pain parity is needed so patients can access non-opioid options without prior authorization or step therapy barriers, especially in acute pain situations and for people in recovery. Senator Berg supported the concept and suggested expanding the approach to other prescriptions by allowing physicians to explain why step therapy is inappropriate at the time of prescribing; another member cautioned against unintended cost increases if non-opioid drugs are used as add-ons to opioids. The committee then heard a proposal on physician assistants from Senator Scott and Andrew Rutherford of the Kentucky Academy of Physician Assistants. They described a shift from a supervisory to a collaborative practice model, with practice scope set at the practice level, limited Schedule II prescribing authority under guardrails, and permission for PAs to perform driver’s license vision testing. Supporters said the changes would improve rural access, reduce administrative burden, and align Kentucky with neighboring states; a question from Representative Bratcher focused on experience requirements and how the proposal compares with nurse practitioner rules. No vote was taken. Finally, Representative Nancy Tate, Adia Wuchner, and Representative Jason Nemes introduced a 2026 proposal aimed at “protecting vulnerable people.” They described a broad package focused on abortion pill trafficking, marketing to minors, commercial surrogacy, assisted suicide, and organ procurement safeguards, arguing that current law leaves gaps and that additional criminal and civil penalties are needed. The presentation was informational only, with no action taken before the meeting ended.

Transcript Highlights:

• None of Colorado's students should have to choose between their education, their financial Their education
• This amendment removes private institutions of higher education from... institutions of higher education
• our education system funded.'
• , K-12 education by inflation.
• , health care, and higher education.

Keywords: 981, all

Transcript Highlights:

• My professional background is in higher education and public service.
• Senate Bill 1108 provides a practical, uniform framework for how cash transactions may be rounded when
• Senate Bill 1108 provides a practical uniform framework for how cash transactions may be rounded when
• What we tried to do here was take the framework of the towing statutes and do the same thing.
• This legislation creates a necessary framework for many...

Bills: SB1108, SB1205, SB1241, SB1286, SB1366, SB1431, SB1473, SB1477, SB1478, SB1479, SB1492, SB1517, SB1563, SB1586, SB1665, SB1671

Keywords: cash transactions, mandatory rounding, swedish rounding, public notice, Arizona Revised Statutes, motor vehicle booting, private property, fees, dispute process, regulations, SB1241, private permitting provider, private permit, private certificate of completion, building permit, building plan review, inspection, single-trade residential construction, residential construction, municipal permitting

Transcript Highlights:

• As a fifth impact on my education.
• Thank you committee for education.
• all the difference in my educational all the difference in my educational experience. experience
• Education certification. Education certification.
• ,<00:37:16.240> and Minnesota students, educators, and Minnesota students, educators, and

Keywords: 1187, senate, all

Transcript Highlights:

• That's the right framework.
• Cal Fire, in partnership with the California Fire Safe Council, established the program to educate and
• This bill creates a practical oversight framework through the California Department of Public Health,
• This authorizes a public higher education institution to seek a temporary restraining order on its own
• SB 1374 would close that gap by permitting the higher... ...education institution to seek a temporary

Keywords: 987, senate, all

Transcript Highlights:

• But it should be done within the framework.
• But it should be done within the framework of the Community Planning Act, with full public input and
• the Florida League of Cities, the Suncoast League of Cities remains concerned that the bill's core framework
• A local opt-in or negotiated framework that allows municipalities to tailor TOD standards to local geography
• They were educators. They were patriots.

Summary: The committee first took up CS for SB 1342, a transit-oriented development bill intended to expand housing near fixed transit corridors. The sponsor said the measure builds on the Live Local Act by reducing regulatory barriers and encouraging private investment around transit investments. An amendment was adopted that narrowed definitions, limited the bill to land use and development regulations, removed a private cause of action, and exempted certain sensitive areas including military installations and environmentally sensitive lands. Supporters argued the bill would increase housing supply and maximize the return on state transit spending, while local government groups and other opponents warned it would preempt local zoning, impose uniform density rules, and create infrastructure, evacuation, and public input concerns. The bill was then reported favorably. The committee then considered CS for SB 1334, an elections bill that would require documentary proof of citizenship in certain voter registration and verification processes, update candidate qualification rules, require U.S. citizen markers on driver licenses and ID cards, and clarify that paper ballots are the primary voting method. Two technical amendments were adopted. The sponsor said the bill would streamline verification by allowing agencies to rely on Real ID and DHSMV records, reduce duplicate documentation, and improve communication between state systems. Senators questioned the fiscal impact, data-sharing procedures, storage of sensitive documents, effects on students, disabled voters, and people without driver licenses or Real IDs. A large number of public speakers opposed the bill, arguing it would burden eligible voters, especially students, seniors, disabled people, low-income residents, naturalized citizens, and people with name changes, while a smaller number supported it as an election integrity measure. The bill was ultimately not finished in the portion of the transcript provided, but the committee continued taking testimony and questions. Later, the committee took up CS for SB 1362 on advanced air mobility. A strike-all amendment was adopted to align the bill with the House version and authorize FDOT to fund vertiports and charging systems as part of public-private partnerships, including up to 80% of the non-federal share when federal funds are available and up to 100% if FDOT elects to do so. The sponsor framed the bill as helping Florida lead in advanced air mobility, and the measure was reported favorably with support from industry and local government representatives. Finally, the committee heard SB 174, which would designate a portion of State Road 985 in Miami-Dade County as Charlie Kirk Memorial Avenue and direct FDOT to install markers at an estimated cost of $2,400. The sponsor said the designation was tied to Turning Point USA activity at FIU and civic engagement. Several senators objected in debate, arguing Kirk was divisive and that the state should reserve road memorials for figures more broadly deserving of honor; others defended the designation as symbolic and non-regulatory. The transcript ends during the sponsor’s closing remarks, before a final vote is shown.

Transcript Highlights:

• But we need to make sure we're educating the public that your electricity bill may go up some because
• all Californians rely on today in order to be able to participate in today's economy, healthcare, education
• So we are continuing to develop those frameworks, but it would be statewide, available to eligible Lifeline
• all Californians rely on today in order to be able to participate in today's economy, healthcare education
• Yes, so the administrative law judge will be in charge of the proceeding that has to set out the framework

Summary: The hearing was an informational budget session on energy agency proposals, with no votes taken. Early discussion focused on Proposition 4 climate bond implementation, including funding for demand-side grid support, offshore wind development, and transmission financing. The Department of Finance said the budget includes allocations for demand-side grid support and offshore wind, but not yet for the $325 million transmission financing piece pending a required study. The Legislative Analyst’s Office urged the Legislature to consider whether to wait on offshore wind funding, whether to keep shifting funds into demand-side grid support, and how to direct future transmission financing. Members also raised concerns about local technical assistance for offshore wind, Salton Sea priorities, and the need for more information before final decisions. The California Energy Commission and CPUC then reviewed the broader energy package. The CEC highlighted the demand-side grid support program’s growth, distributed energy backup assets, long-duration storage, hydrogen grants, and the SIRP clean energy reliability program. CPUC testimony emphasized affordability, wildfire mitigation costs, rooftop solar cost shifts, and efforts to reduce rates while maintaining reliability and clean energy goals. Members questioned CPUC staffing, delays in proceedings, coordination with the CEC and CAISO, and the impact of rate increases on customers. The agencies also discussed the AB 3264 transmission financing study, with CPUC saying work on the study had already begun and was on track for the July 1 deadline. Several trailer bill and implementation items were also discussed. The committee reviewed a proposal to extend the Deaf and Disabled Telecommunications Program surcharge, with members split over whether it should be handled in budget trailer bill language or policy legislation; the administration said the surcharge supports a critical program serving about three-quarters of a million Californians. The committee also heard a CPUC data-sharing proposal to allow nondisclosure agreements for transmission and reliability data, which members generally supported as a technical fix. DWR explained a proposal to clarify language for the Electricity Supply Strategic Reliability Reserve so it can potentially sell three gas-fired units it owns, and the CEC presented a federal transmission grant proposal tied to grid-enhancing technologies and ratepayer cost recovery. Finally, the committee discussed California Lifeline and possible broadband pilot reforms in light of uncertainty around federal Universal Service Fund support, with CPUC saying it is exploring a statewide standalone broadband option for eligible customers.

Transcript Highlights:

• <00:29:51.840> this with the department of education this with the department of education
• It's truly education in a classroom.
• We can work on sourcing through that continued education.
• What we have found continued education.
• I know is that still framework in place?

Keywords: Meeting Start 00:00:00 Attendance Roll Call 00:01:00 Approval of Minutes 00:02:31 Kentucky Farm Bureau 00:02:42 Kentucky Department of Agriculture 00:28:18 Kentucky Cattlemen's Association 01:48:13, 958, all

Summary: The committee heard first from Kentucky Farm Bureau leaders, who outlined the organization’s current priorities and recent work on farmland transition. Eddie Melton said Farm Bureau is working through 983 county and advisory committee resolutions and highlighted support for the updated selling farmer tax credit, now law through House Bill 775, as well as Senate Bill 28’s agriculture economic development provisions. He said Farm Bureau’s likely priorities include maintaining the 50% share of the tobacco settlement fund for agriculture, protecting funding for the Kentucky Department of Agriculture, preserving sales tax exemptions on farm inputs, keeping property taxes controlled, and exploring additional tools to keep farmland in active farmers’ hands, including possible loan or inheritance-tax changes. He also raised concerns about eminent domain transparency, nuisance deer permits, and access to agricultural inputs and crop protection products. Alita Bots described the farmland transition initiative in more detail, saying the revised state tax credit is generating strong interest and that a new federal tax provision now allows eligible land sales to actively engaged farmers to spread capital gains taxes over time. She said the initiative has reached 22 counties and more than 1,300 people this year through outreach and meetings, and that Farm Bureau is pairing policy work with resources to help farm families plan transitions and prepare wills and other estate documents. Drew Graham added that the effort is also meant to bridge the rural-urban divide and support rural communities, and Farm Bureau invited members to its annual meeting in early December. Members asked about rising insurance costs and deer damage. Farm Bureau representatives said severe convective storms, inflation, and higher repair and material costs have driven insurance rate increases, citing five major storm events since 2021 and a recent Owensboro hailstorm that caused about $350 million in losses; they said the company is moving toward percentage deductibles to help moderate increases. On deer, they said crop-loss totals are hard to quantify but acknowledged the problem and discussed possible coordination with the Department of Fish and Wildlife and Hunters for the Hungry. Commissioner Jonathan Shell then began the Department of Agriculture presentation, reporting gains from the department’s school agriculture outreach program, including a 23% increase in county participation between March and September and improved teacher-reported student learning, before continuing into the department’s legislative priorities.

Transcript Highlights:

• This ensures that the liability framework applies when the provider is not merely a passive toolmaker
• ><00:12:16.880> liability This ensures that the liability This ensures that the liability framework
• applies when the provider is framework applies when the provider is not<00:12:20.240> merely<
• <00:18:50.000> industry industry and the education industry industry and the education industry
• educates and resource programs.<00:30:46.159> They<00:30:46.399> also<00:30:46.880>

Keywords: 1136, house, all

Transcript Highlights:

• I do think most states struggle with this, especially aligning the educational forces with the rest of
• But what we would like to Do is create a framework for them where they see opportunities in agribusiness
• I take responsibility for that because I don't think I educated my members well enough on what we're
• So we want to ask you what can we do better to educate you.
• If there's anything that we can do to help educate, that we're happy to do that.

Keywords: 914, all

Transcript Highlights:

• It focuses on the sweat equity component and homebuyer education.
• <00:47:48.680> course new home buyer education course new home buyer education course developed
• And we have public education efforts, educating last year over 11,000 members of the community—landlords
• <01:22:08.360> for but for the overall budget framework for but for the overall budget framework
• um and then the home ownership education um and then the home ownership education counseling<01:

Keywords: 1187, senate, all

Transcript Highlights:

• , if you will, where... ...what I'm trying to contemplate is our constitutional framework, if you will
• Title 10 provides a framework for when a president can federalize the National Guard, right, duly signed
• There’s this other legal framework that we haven’t gotten into, the War Powers Act, that we can talk
• There's this other legal framework that we haven't gotten into, the War Powers Act, that we can talk
• The concern is that the bill seeks to impose upon Massachusetts a legal framework that we just don't

Keywords: 995, all

Summary: The committee held a hybrid public hearing on seven House bills and seven Senate bills related to the Massachusetts National Guard and U.S. Armed Forces Reserves. Opening remarks covered hearing procedures, livestreaming, testimony limits, and expected reporting dates, and chairs noted the committee’s focus on Guard and Reserve issues. Testimony then moved through several bills, including S. 2465 to expand the National Guard welcome-home veterans bonus to all deployed Guard members regardless of residency, H. 3876/S. 2462 to authorize military-style headstones for long-serving or deceased Guard members, and S. 2482/H. 3833 to establish a Massachusetts National Guard Museum in Salem. Supporters of the bonus and headstone bills argued they would correct inequities and better honor service; Senator Lovely described the museum proposal as a way to preserve the Guard’s history in Salem and potentially support federal funding for the project. A major portion of the hearing focused on H. 3829/S. 2471, the “Defend the Guard” proposal that would bar Massachusetts National Guard deployments into active combat absent a formal congressional declaration of war. Supporters argued the bill would restore constitutional war powers, reduce repeated undeclared deployments, and protect Guard members’ mental health and state readiness. Opponents, including retired Guard leaders and current service members, warned it could conflict with federal law and Title 10 authority, undermine federal funding and training, and harm readiness, force structure, and unique Guard capabilities. Committee members repeatedly questioned the bill’s legal authority, constitutional basis, and practical effects under the Supremacy Clause and Title 10, and several witnesses were asked to submit additional written legal support. The committee also heard testimony on H. 3831, which would extend Chapter 115 benefits to currently serving Guard and Reserve members who do not meet federal veteran-status thresholds, and on related proposals to clarify Guard command structure and the duties of the Adjutant General. Supporters said these changes would improve access to benefits, reduce confusion in the chain of command, and strengthen discipline and responsiveness. Separately, the National Guard Association of Massachusetts backed H. 3860/S. 2458, the Guard Enlistment Enhancement Program, as a recruiting tool, while opposing the Defend the Guard bills. No votes were taken during the hearing.

Transcript Highlights:

• The Post-Secondary Education Act, which established the Bureau for Private Postsecondary Education in
• The bureau oversees private postsecondary education, making sure that these programs meet minimum educational
• In California, my company is licensed and governed by the Bureau for Private Postsecondary Education,
• that commercial driving programs are properly regulated by the Bureau for Private Postsecondary Education
• Under this framework, randomized audits ensure compliance with health and safety codes, and the approach

Summary: The Assembly Business and Professions Committee heard a full agenda of bills focused on reproductive health, professional licensing and sunset reviews, consumer protection, and business regulation. Early testimony centered on AB 260, which would protect access to medication abortion, mifepristone, and telehealth reproductive care in California; supporters emphasized state protections against federal restrictions, while an opponent argued the bill removed safety safeguards. The committee also heard AB 714 on closing a loophole in regulation of low-cost commercial driving schools, AB 968 on allowing pharmacists to prescribe non-hormonal contraception, AB 671 on streamlining restaurant permitting, AB 1027 on strengthening cannabis product testing oversight, AB 1271 on broadband pricing and speed transparency, and AB 1332 on narrowly allowing medicinal cannabis shipments for seriously ill patients. Several sunset bills were also taken up, including AB 1482 on animal shelter and breeder transparency, AB 1501 on the Podiatric Medical Board and Physician Assistant Board, AB 1502 on the Veterinary Medical Board, AB 1503 on the Board of Pharmacy, and AB 1504 on the Massage Therapy Council. Testimony was largely in support of the measures, with many bills drawing co-sponsors or support from industry, consumer, or professional groups. AB 1503 generated the most sustained opposition, with nurses, physicians, and drug industry representatives objecting to expanded pharmacy technician ratios, standard-of-care language, and therapeutic interchange authority; supporters argued the bill would modernize pharmacy practice and expand access. AB 1504 also drew mixed testimony, with massage therapy groups supporting continuation of the council but raising concerns about proposed public records and governance provisions. AB 1271 drew a policy dispute over whether broadband reporting requirements duplicated federal FCC processes, while supporters argued California needed its own consumer-facing data and complaint system. After quorum was established later in the hearing, the committee began taking roll-call votes. AB 1271, AB 1332, AB 1482, AB 1501, and AB 1502 were all reported out on due-pass motions, with AB 1271 amended and the others generally amended or as introduced as noted. Earlier bills including AB 260, AB 671, AB 714, AB 968, and AB 1027 also received motions and were approved once the quorum was present. The chair repeatedly noted the lack of quorum during the hearing, but once one was secured, the committee completed votes on the agenda items and advanced the measures to Appropriations.

Transcript Highlights:

• so that um we can sort of help education so that um we can sort of help educate<01:05:10.240> people
• collaboration, education, and advocacy. collaboration, education, and advocacy.
• Wyoming or Leadership Larmy, educational Wyoming or Leadership Larmy, educational institutions<01
• increment financing framework. increment financing framework.
• Star Valley access the educational Star Valley access the educational element<02:07:43.280> of

Keywords: 916, all

Transcript Highlights:

• education quality standards. education quality standards.
• education.
• and formal education level. and formal education level.
• the uh education finance team at JFO. the uh education finance team at JFO.
• to phase in education tax changes. to phase in education tax changes.

Keywords: 926, house, all

Summary: The meeting was a high-level walkthrough of Act 73, with staff from Legislative Council and the Joint Fiscal Office summarizing major education policy, governance, tax, and fiscal changes. The presentation covered class-size minimums and related enforcement, creation of a state aid for school construction program, narrowed tuition eligibility for approved independent schools, changes to State Board of Education appointments, special education reporting and staffing, and a new report on standards for schools deemed small or sparse by necessity. It also noted that some provisions take effect immediately or in 2025, while the major funding and tax changes are contingent on new school districts being operational and a foundation formula report being received, with most of those changes targeted for July 1, 2028. The central fiscal change described was a move from the current locally voted budget and varying homestead tax system to a foundation formula. Under that model, districts would receive an educational opportunity payment based on a base amount per pupil, adjusted by student weights for factors such as pre-K, economic disadvantage, English learner status, and special education, with small-school and sparsity weights replaced by support grants. Districts could still seek limited supplemental district spending above the foundation amount, subject to a cap and a uniform method for raising the funds, with excess collections recaptured at the state level. The presenters also described transition mechanisms to phase in the new system over several years. The tax section explained that Act 73 would replace the current property tax credit with a homestead exemption and create a new non-homestead residential classification intended for second homes and short-term rentals, though further statutory or regulatory work would still be needed to implement it. The JFO presentation emphasized that the act also creates regional assessment districts for reappraisals and includes a transition to smooth changes in education tax rates. No committee vote or formal action was taken during the presentation; it was informational only.

Transcript Highlights:

• Sparks to get this right on so many levels, which includes the necessity to educate the local community
• We've already embraced transparency under SB 2476 by publishing our rates, and SB 916 enhances this framework
• Its framework allows businesses, especially those operating in multiple states—many Texas companies,
• That opinion strengthens the regulatory framework for PBMs in Texas.

Bills: SB502, SB513, SB622, SB670, SB731, SB732, SB916, SB961, SB1122

Keywords: SB 502, Texas peace officers, Health and Human Services Commission, HHSC Office of Inspector General, OIG investigators, law enforcement classification, Schedule C, state employee benefits, injury benefits, peace officer status, commissioned officers, state auditor classification, Government Code, Code of Criminal Procedure, human services, health and human services, law enforcement compensation, public employee benefits, Texas state law enforcement, child welfare

Transcript Highlights:

• Uh, under the Department of Education, 2 million GO for library construction grants, 6.5 million for
• area special education cooperative.
• > GO<00:04:33.160> for<00:04:33.320> library Education, 2 million GO for library
• area special education cooperative. area special education cooperative.
• Chapter 62 Capital Mall design framework Chapter 62 Capital Mall design framework appropriation,

Keywords: 918, senate, all

Summary: The committee took up a large bonding bill and reviewed the final spreadsheet of capital investments. Chairs and members repeatedly thanked staff, House and Senate negotiators, and the Governor’s team for a collaborative process. The bill was described as a statewide package rather than a partisan one, with major funding for higher education asset preservation, DNR projects, public safety, transportation, the Met Council, veterans facilities, corrections, DEED/local projects, and a large water infrastructure section. House Fiscal staff and Senate fiscal staff walked through the bill line by line. Highlights included University of Minnesota and Minnesota State asset preservation, education and language immersion school funding, DNR trail and flood mitigation projects, public safety facilities, local road and bridge grants, Met Council parks and I/I grants, veterans home and armory funding, corrections projects including the Faribault vocational expansion, and many local economic development and public facility projects across Greater Minnesota and the metro. The bill also included Public Facilities Authority water and wastewater grants, housing rehabilitation funding, historical society grants, a Minnesota Zoo operating transfer, airport appropriations, and several cancellations of prior appropriations to help finance the package. Members generally praised the bill and the bipartisan work behind it. Some Republicans emphasized the one-time license fee reduction and affordability, while also saying DEED’s business development infrastructure funding was too low. Senator Nelson highlighted long-awaited transportation projects such as Highway 14 and township roads. Senator Dibble supported the transportation investments but criticized the bill for having no transit funding, calling that a major omission. No vote was recorded in the excerpt, but the discussion centered on final review and support for moving the bonding bill forward.

Transcript Highlights:

• For use by low-income agricultural workers, and $15 million to the Department of Education for grants
• to post-secondary education institutions to develop research farms to improve climate resilience.
• We do want to note that CDE does not administer funding intended for post-secondary or higher education
• And that is we in the Legislature passed AB 2313 last year, and it provided the framework for the $15
• So we see it as a distinct and complementary funds food education.

Summary: The Assembly Budget Subcommittee heard the administration’s spending plan for Proposition 4’s climate smart agriculture and biodiversity chapters, along with related trailer bill language. CDFA outlined proposed funding for existing programs such as SWEEP, Healthy Soils, Urban Agriculture, and invasive species work, plus new or phased-in programs including year-round and mobile farmers’ markets, tribal food sovereignty, and regional farm equipment sharing. The Department of Conservation described funding for the California Farmland Conservancy Program and Working Lands and Riparian Corridors Program, while the Department of Finance and LAO discussed pending allocations and generally found the overall approach reasonable, though LAO suggested the Legislature may want more statutory guidance and reporting, especially for new programs. Members focused on implementation details, equity, and accountability. Questions covered how programs would serve vulnerable and disadvantaged communities, whether new solicitations would be reopened for previously oversubscribed grants, how outcomes are tracked, and how to structure guidance for new programs such as farm equipment sharing. The chair emphasized that the Legislature wants clearer direction on program design and noted that AB 2313 should guide implementation of the regional farm equipment sharing allocation. The committee also discussed the administration’s request to directly appropriate bond funds to departments and to exempt bond program guidelines from the Administrative Procedures Act; LAO supported the APA exemption with possible legislative guardrails for public notice and comment. The committee then heard on the farm-to-school proposal, with CDFA requesting $24.9 million General Fund for incubator grants, technical assistance, and network support. CDFA said the program has reached nearly half of California schoolchildren and has shown strong demand and positive evaluation results. LAO supported the core program but recommended rejecting the $3 million technical assistance component as too broad and suggested the Legislature consider using Proposition 98 for some of the funding. Members debated that point, with some expressing concern about using General Fund dollars for a new discretionary request during a tight budget year. The biodiversity and nature-based solutions chapter included funding for the Wildlife Conservation Board, state conservancies, and tribal nature-based solutions. WCB described major recent investments and proposed projects tied to 30 by 30, habitat restoration, tribal partnerships, and public access. Members raised concerns about long-term stewardship, the size of the WCB allocation, and whether the Legislature should receive more detail on how funds will be distributed. The committee also heard requests for Bolsa Chica wetlands maintenance and Rincon Island decommissioning funding from the State Lands Commission, with members questioning long-term liability, remediation costs, and the role of private oil operators. No votes were taken, and the hearing ended with public comment from stakeholders largely supporting the APA exemption, farm-to-school funding, biodiversity investments, and related conservation programs.

Transcript Highlights:

• And that is now the model that a lot of international frameworks are based on, and Genius is based on
• We feel confident that that will align with our oversight framework, of course, also monitoring the Clarity
• and then serviced by kind of the federal providers, and then we also offer a lot of student loan education
• in student lending and reinforces and adds more funds to those borrower protection and borrower education
• Then again, Governor Hochul has put more resources into DFS for borrower education services that I said

Keywords: 993, senate, all

Summary: The Senate Banking Committee met for its first meeting of the session, with Chair James Sanders Jr. and Ranking Member George Borrello opening the hearing and noting a collaborative approach to committee work. The committee first considered and advanced several bills: S.114, which would prohibit state-chartered banks from investing in or financing private prisons; S.2040, which would require money transmitters to provide a consumer warning; S.5473, which would require disclosures in advertisements involving virtual tokens; and S.8406, Sanders’ bill to amend the community bank deposit program. Each bill was moved and approved by committee, with S.8406 passing unanimously. The committee then heard from Caitlin Azar, Acting Superintendent of the Department of Financial Services (DFS), who outlined her background and DFS priorities. She emphasized affordability, consumer protection, stability, and innovation, and discussed DFS-led initiatives in the governor’s budget, including Banking Development Districts, non-bank mortgage CRA regulations, CDFI investment guidance, and consumer restitution. She also said DFS plans to issue buy-now-pay-later regulations in February, expand student lending protections and borrower education, and continue work on insurance affordability, including auto and homeowners insurance reforms, anti-fraud efforts, and discounts tied to telematics, dash cameras, and safe-driving courses. Members questioned Azar about the balance between regulation and access, especially in crypto, buy-now-pay-later, and insurance markets. She said DFS aims to preserve competition while preventing discriminatory or excessive practices, and described existing oversight of virtual currency, including coordination with federal regulators. Another member asked about AI in auto insurance underwriting and pricing; Azar said DFS requires transparency, bias review, governance controls, and consumer recourse, and that credit scores cannot be used to deny or increase rates. The chair also raised concerns about foreclosure in Southeast Queens, improving BDD paperwork and data collection, and increasing the number of state-chartered credit unions. Azar said DFS is working on process improvements, community input, and maintaining open communication with the committee, but no additional votes or formal actions were taken during the DFS hearing.

Transcript Highlights:

• It brought forward the framework of the problem that we're trying to address here, and I thought it was
• I mean, because it do really change the framework some.
• And then the educational presentation in December around excess compensation that you also heard from
• Left 2 Board about their kind of similar, I guess, parallel tracks they're going to be doing an educational
• I guess parallel tracks they're going to be doing an educational presentation on that topic as well.

Summary: The Select Committee on Pension Policy Executive Committee approved the June minutes and received a brief update from Assistant Attorney General Jesse Yoder, who had no litigation updates but offered to answer questions. Actuary Michael Harbour then previewed the September full committee meeting, which will include a report on the financial condition of the DRS-administered pension plans and the state actuary’s recommended economic assumptions. He also cautioned that any actuarial pricing done over the summer could change if assumptions are updated, and suggested taking votes on potential legislation later in the interim, possibly in November or December. A discussion followed about the Left 1 benefit improvement and where the funding came from. Harbour said the benefit tied to SSB 5791 (2022) was paid from the Left 1 trust fund, while a separate Left 2 benefit improvement was in SHB 1701, and he agreed to double-check the issue with DRS after members raised conflicting information. Members then discussed the broader Left 1 study, including whether IRS approval is a key barrier and whether options are limited to merger or closure. Several members asked to hear from Ice Miller, which has been advising on the tax issues, and staff said the committee should receive a written response in the next couple of weeks and could have Ice Miller appear in October. The committee reviewed and adjusted its interim work plan. September will include the actuarial presentations, a more detailed Left 1 study update, and a presentation on PERS and TERS Plan 1 COLAs, including a recap of the bill recommended this year and initial considerations for an ad hoc COLA. October is expected to include DRS administrative and performance updates, with November reserved for the State Investment Board update and a final Left 1 study update, and December may include an educational presentation on excess compensation. Members also requested a future briefing on the month-of-death benefit discussion. The September agenda was adopted, correspondence materials were noted, and the meeting adjourned.