Transcript Highlights:

• <00:21:40.160> late late fee greater than $15 for late late fee greater than $15 for late payments
• of assessments, except for that payments of assessments, except for that of<00:21:43.280> special
• And this leaves the survivor, who's able to make those payments, wants to remain as an equitable owner
• stops making any contributing payments stops making any contributing payments on<01:32:57.080>
• , responsibility for the payments, responsibility for the payments, insurance,<01:33:13.920> tax

Bills: SF1750, HF2700, HF1606, HF3356, HF3946, HF3970, HF3658, HF3875, HF2627, SF856, HF1268, HF1338

Keywords: common interest community, CIC, homeowners association, HOA, condominium, planned community, cooperative, unit owner, association board, declarant, declarant control, special declarant rights, assessment lien, foreclosure, late fees, fines, attorney fees, resale disclosure, annual report, maintenance plan

Transcript Highlights:

• <02:02:38.400> Uh<02:02:38.880> were >> uh payments over several years.
• Uh were >> uh payments over several years.
• Judgments for alimony, child support, health insurance, homeowners insurance, mortgage payments, all
• or the mortgage payment or the control over a joint piece of property.
• or the mortgage insurance payment or the mortgage payment<02:48:12.640> or<02:48:12.880> the

Keywords: 1191, senate, all

Transcript Highlights:

• The very last part says a prospective education service provider that wishes to receive payments from
• <01:17:32.199> from that wishes to receive payments from that wishes to receive payments from
• During COVID, my family got a payment I didn't need, and everyone could see the wisdom in sending payments
• my family got a payment I didn't need<01:29:47.760> a<01:29:47.880> payment<01:29:48.800
• 52.560> those the wisdom in sending payments to those the wisdom in sending payments to those

Keywords: 1191, senate, all

Transcript Highlights:

• main concerns that were shared by folks regarding clients caught, uh, in the disorder following a payment
• following a payment withhold. following a payment withhold.
• for a payment withhold? for a payment withhold?
• ,<04:04:52.800> the<04:04:52.880> payment uh the stop payments, the payment uh the
• stop payments, the payment withholds,<04:04:54.200> uh<04:04:54.320> but<04:04:54.480><

Keywords: 1187, senate, all

Transcript Highlights:

• and catastrophic aid payments under HHS.
• and catastrophic aid payments under HHS.
• payments and catastrophic aid payments payments and catastrophic aid payments under<04:19:39.680
• This has to do with the payment of attorney fees over time for the YDC claim settlement fund.
• <04:39:41.760> Um to delay of capitation payments. Um to delay of capitation payments.

Keywords: 928, house, all

Summary: The Committee of Conference on HB 1 and HB 2 met to review revenue estimates and begin working through the HB 1 detail change sheet. New Hampshire Lottery Director Charlie McIntyre reported stronger-than-expected lottery performance, raising the current-year return estimate to $27 million and the next biennium estimate to $200 million, with the increase attributed to improved scratch ticket sales and sports betting not hurting revenue as much as expected. Members questioned the assumptions behind the higher estimates, including the impact of $50 scratch tickets and whether the figures accounted for future conversion from historical horse racing (HHR) machines to video lottery terminals (VLTs). McIntyre and committee members discussed machine counts, per-day revenue assumptions, and the likelihood that VLT conversion would increase revenues over time, though the timing and pace of conversion remained an open question. The committee also discussed several gaming-related policy items in HB 2, including changes to kino hours and local option games of chance, and noted that the Senate and House differed on how gaming revenues would be allocated between charities, education, and general funds. Members emphasized that revenue projections should remain conservative because operators, not the state, would control the pace of machine conversion. Representative Sweeney noted that operators could earn more per machine under the VLT model, and McIntyre said the new facilities and expansions were largely concentrated near the Massachusetts border. The committee then moved to the HB 1 detail change sheet. It agreed to Senate position on the Department of Safety’s road toll bureau and international registration program changes, which were described as a zero-cost realignment of positions, and held the Department of Corrections section for later discussion. On the judicial side, members approved a technical footnote fix, but held a new contract counsel item for involuntary mental health admissions and deferred discussion of the public defender program increase. The committee also noted no change for the PE development authority, moved safety rest area funding from HB 2 into HB 1 with no additional cost, and flagged the tourism development fund and other judicial items as issues that may depend on overall available revenue.

Transcript Highlights:

• which is a community not-for-profit hospital down on the South Shore, to become eligible for relief payments
• Failing to include them as eligible for these relief payments, I believe, is a disservice to this hospital
• Tarr, distressed hospital payments. Question comes on adoption.

Keywords: 995, all

Summary: The Senate considered a series of amendments to a supplemental appropriations bill and related measures, with several adopted and several rejected or withdrawn. Early amendments on equitable approaches to public safety and a Holyoke local account clarification failed, while amendments providing $2.5 million for Massachusetts League of Community Health Centers technical assistance and expanding access to gender-affirming medications and mifepristone were adopted. The chamber also adopted a technical amendment on alternative protein grants, a clarification to ETF modernization, and an energy storage systems amendment. Other proposals on homeowner protections, La Casa funding, emergency contract reform, an energy dashboard, EV charging ratepayer impacts, hate crimes, distressed hospital payments, and task force membership were rejected or withdrawn. A substantial portion of the debate focused on health care, food assistance, and public safety. Senators spoke in support of funding for community health centers, hospital relief, and EBT anti-skimming protections, including $15.5 million for chip-enabled EBT cards and related replacement-benefit support. One amendment to strengthen protections against impersonating federal officers was rejected, while another on professional protections was withdrawn after discussion of ballot address privacy and security concerns. The Senate also adopted amendments to continue prior appropriations for a North Shore food pantry and drought management efforts, and it later approved a sick leave bank for a Department of Mental Health employee. The chamber then took up the fiscal year 2025 fair share supplemental budget conference report, which Ways and Means described as $1.39 billion in spending split between transportation and education, including MBTA improvements, Chapter 90 aid, regional transit authorities, special education circuit breaker reimbursements, higher education deferred maintenance, and career technical education capital grants. After a roll call, the bill passed, with one recorded negative vote. The Senate also adopted a separate Ways and Means amendment and ordered the bill to third reading before final passage. The session ended with adjournment motions and a moment of silence honoring Melissa and Mark Hortman and other victims of political violence, along with a memorial adjournment for firefighter Jeffrey DeSanchez.

Transcript Highlights:

• Currently, the GIC determines plan design, deductibles, co-payments, tiering, and premium rates effective
• protections and everything else, you can envision a situation where consumers opted in, they missed the payment
• They missed the payment, something occurred, the policy gets canceled.

Keywords: 995, all

Summary: The Joint Committee on Financial Services heard testimony on a wide range of insurance-related bills. Topics included public adjusters (H. 1100/S. 785), electronic cancellation notices (H. 1123/S. 701), insurance rebates and loss-mitigation devices (H. 1233), flood hazard determinations (H. 1087 and related flood bills), organ donor insurance protections (H. 1248/S. 727), mental health parity in disability policies (S. 780), motor vehicle service contracts (H. 1139/S. 812), modernization of business-to-business insurance transactions (H. 1105), and a bill changing the GIC withdrawal notice deadline (H. 1150). Committee chairs set a three-minute testimony limit and heard from legislators, industry representatives, advocates, and affected consumers. Testimony on public adjusters was sharply divided. Insurance agents and property-casualty industry representatives argued that bills barring insurers from prohibiting public adjusters would interfere with policy terms, while public adjusters and several consumers described cases where adjusters helped secure substantially higher settlements and said some surplus lines policies already contain anti-public-adjuster endorsements. On electronic notices, the insurance industry supported consumer opt-in email communications, while agents warned that email-only cancellation notices could cause consumers to miss cancellations. On rebates/loss mitigation, insurers supported allowing risk-mitigation devices outside the policy to encourage innovation, while agents opposed the bill as an improper inducement. Flood-related bills drew opposition from insurers who said flood determinations are complex and federally governed. The committee also heard strong support for organ donor protections from a kidney transplant recipient and the American Kidney Fund, who said the bill would prevent insurance discrimination against living donors and could encourage more donations. On disability parity, a disability insurance specialist opposed S. 780, arguing that mental health limitations are a consumer choice that helps keep coverage affordable, while the bill’s sponsor said it would prevent unequal limits on behavioral health claims. The committee also heard support for H. 1139/S. 812 from the service contract industry, and support for H. 1105 from APCIA as a modernization measure for specialty commercial lines. No votes were taken; after testimony concluded, the chairs closed the hearing.

Transcript Highlights:

• settlement is another one where we make a calculation based on when we finally know what the final annual payment
• We were always going to have withholdings happen first, and then payments with returns were going to
• And in June, so what we have is you have declaration or estimated payments that we’re mandating corporations

Summary: The Revenue Estimating Conference met with four members present and first approved the prior meeting minutes and recognized the FYI end-of-balance of $577,077,871 as nonrecurring revenue. The main business was revising the state revenue forecast for FY 2026, FY 2027, and the long-range outlook. The Division of Administration recommended a $113 million reduction to the FY 2026 State General Fund forecast and a $104 million reduction for FY 2027, citing weaker-than-expected individual income tax collections, softer corporate income tax receipts, and some weakness in general sales tax, partly offset by stronger motor vehicle sales tax and higher mineral-related revenues tied to oil prices. The Legislative Fiscal Office presented a somewhat different but broadly similar forecast, with modest net increases to the general fund bottom line in the current year and next year, emphasizing caution on income and corporate taxes and more optimism on sales, severance, royalties, and some other revenue streams. A substantial portion of the discussion focused on the causes of the income tax shortfall, especially withholding and refund patterns after tax changes that lowered rates. Department of Revenue officials explained that withholding tables had been set with a cushion that may be producing larger refunds, and said changing the tables could quickly reduce overwithholding, though the effect would take time to show up. Members also discussed corporate collections, the lingering effects of the franchise tax repeal, the role of settlements and audits, and the extent to which collections are voluntary versus enforcement-driven. The Department of Revenue said corporate collections still had key filing and estimated-payment milestones ahead in May and June, and that refund and audit activity related to the former franchise tax would continue for some time. The conference then adopted the Division of Administration’s FY 2026 forecast, the FY 2027 recurring forecast, and the long-range forecast, along with the proposed inflation rates for the Millennium Trust and parish severance allocation. Members also adopted the incentive expenditure forecast, noting that the reported amount is only the REC-reported portion and that larger tax exemption amounts come off the top before appropriations. The Treasurer reported a General Fund cash balance of about $404.1 million as of May 5, 2026, and an interfund borrowing base of about $9.18 billion, saying cash levels were similar on average to the prior year. The meeting ended with a note that another REC meeting might be needed depending on the May 16 election, and the conference adjourned without objection.

Transcript Highlights:

• settlement is another one where we make a calculation based on when we finally know what the final annual payment
• We were always going to have withholdings first, and then payments with returns were going to happen.
• And then June—so what we have is, you have declarations or estimated payments that we're mandating corporations

Keywords: 965, house, all

Summary: The Revenue Estimating Conference met with four members present and first approved the December 11, 2025 minutes. Members then recognized the FYI end-of-balance of $577,077,871 as non-recurring revenue. The main business was revising the state revenue forecast for FY 2026, with the Division of Administration recommending a reduction of about $113 million, driven primarily by weaker individual income tax collections, softer general sales tax receipts, and a substantial cut to corporate income tax forecasts. The Legislative Fiscal Office presented a somewhat different but still cautious outlook, and members discussed withholding rates, refund growth, corporate collections, and the effects of the franchise tax repeal and tax reform changes. After questions to the Department of Revenue about collections, refunds, enforcement, and settlements, the conference adopted the Division of Administration’s FY 2026 forecast. The conference then reviewed the FY 2027 recurring forecast. The Division of Administration again recommended a reduction, this time about $104 million, citing continued caution on individual income and corporate taxes, while the Legislative Fiscal Office projected a net increase of about $127 million, largely from sales tax, severance, royalties, vehicle sales tax, and other revenue streams. Members discussed the practical budget impact of the revised forecasts, including the need to reduce spending and the difficulty of funding a possible teacher stipend if a constitutional amendment fails. The FY 2027 recurring forecast was adopted. Members also adopted the long-range forecast, the proposed inflation rates for the Millennium Trust and parish severance allocation, and the incentive expenditure forecast. The incentive discussion noted that reported incentive costs reduce available revenue before appropriations, and members raised the possibility of reviewing or capping such incentives. The Treasurer’s Office then reported that the General Fund cash balance was $404.1 million as of May 5, 2026, and the interfund borrowing base was about $9.18 billion, with cash positions generally similar to the prior year. The meeting ended with a note that another REC meeting might be needed after the May 16 election, followed by adjournment.

Transcript Highlights:

• facility whose operational costs are financially supported by one or more employers through direct payments
• first section directs the Department of Human Services to pay licensed child care program subsidy payments
• The word payment has been changed to execution throughout the bill for consistency purposes.

Keywords: 994, senate, all

Summary: The Senate Finance Committee met with a quorum present, approved the prior meeting minutes, and then considered a series of House bills and committee substitutes. House Bill 5438, dealing with changes to Step 7 of the school aid formula and allowable uses of certain education allocations, was amended to adopt the Education Committee’s changes and then reported to the full Senate. House Bill 4087 creating the West Virginia-Ireland Education Alliance was also reported, as was House Bill 4191, which expands child care tax credit eligibility for employer-sponsored facilities and changes subsidy payments from attendance-based to enrollment-based reimbursement; senators emphasized its workforce and economic development benefits. House Bill 5074, which reallocates medical cannabis fund balances and future revenues, was amended to increase the Child Protective Commission pilot funding from $3 million to $5 million and remove proposed ibogaine research funding for Marshall and WVU before being reported. House Bill 5353, regulating virtual currency kiosks and money transmission licensure, and House Bill 5527, creating licensure and oversight for wellness reimbursement program administrators, both received strike-and-insert amendments and were reported. House Bill 5687, which phases down the metallurgical coal severance tax and adds a temporary oil and gas tax reduction with county/municipal revenue adjustments, was amended and reported. House Bill 4418, creating an electronic system for municipal business and occupation tax filing and collection with a 1% administrative fee and a participation threshold, was also reported. The committee then took up House Bill 4245, the Revenue Rules Bundle, which bundles 26 legislative rules from the Department of Revenue and related agencies. The bundle included alcohol, banking, insurance, racing, and tax rules, with several sunset extensions and repeals of outdated rules; the committee adopted a strike-and-insert amendment affecting a lottery consumer protection rule and a pre-need cemetery company rule, then reported the bill. House Bill 5168, providing a $12 million lottery-funded stream for emergency medical services, was amended to clarify the uses of the funds, rename one fund, require a 30% county match for mental health treatment spending, and create two additional county-based EMS funds; senators described it as a needed permanent funding source for EMS, and it was reported. Throughout the meeting, members generally supported the measures, with some discussion on technical details, funding allocations, and the impact of the bills on local services and workforce needs. At the end of the meeting, the chair announced that Senate House Bills 4004, 4006, and 4009 would not be taken up that day, and the committee adjourned.

Transcript Highlights:

• First of all, funding may not be used for perpetual operating expenses or for services for which payment
• So you see on the top of the second page, 15% of the state's annual allocation for provider payments.
• On the top of the second page, 15% of the state's annual allocation for provider payments, 20% for infrastructure

Keywords: 908, all

Summary: Legislative Management met with a quorum, approved the July 11, 2025 minutes, and then considered recommendations from the Legislative Procedures and Arrangements Committee. Beth Dittes explained proposed special session rule changes, which largely mirror prior special session rules and are intended to speed floor action. The changes would allow faster second readings and transmission between chambers, replace regular standing committees with two joint committees for the special session—Joint Appropriations and Joint Policy—and limit bill introduction methods. The package also included delayed-effective-date changes for the next regular session, such as moving the agency and Supreme Court prefile deadline earlier and advancing several resolution deadlines. Liz Fordall then reviewed revisions to the legislative workplace harassment policy, including clarified definitions, longer intake and review deadlines, an option for informal resolution before a review panel, and clearer disclosure rules. The committee adopted the report and forwarded the rules and policy changes. The committee also approved tentative first-day special session agendas for both chambers, with a Speaker-requested revision to allow time to swear in new House members. Megan Gordon outlined the schedule: early Rules Committee meetings, morning floor sessions, a joint session for the governor’s State of the State, then meetings of the joint appropriations and policy committees, with optional later floor and committee time. Members discussed how the joint committees would handle bills and confirmed the process would mirror the prior special session. The agendas were adopted. Chairman Bekkedahl then reported for the Rural Health Transformation Committee, which had completed its work and recommended five bill drafts for the special session: a Presidential Physical Fitness Test requirement for schools, a nutrition component for physician continuing education, joining a physician assistant licensure compact, expanding pharmacist scope for lab testing and prescribing, and a two-year appropriations bill to cover the program through the next regular session. He explained the federal rural health transformation grant, the state’s application, funding restrictions, and the need to keep the bills aligned with CMS requirements to avoid funding reductions or clawbacks. DHS officials said the department would measure outcomes through required metrics, use templates for awards, and set up an Office of Health Transformation to track long-term impacts. The committee adopted the rural health report and forwarded the bills. Finally, members discussed special-session logistics. Legislative staff said employment committees would approve a limited number of staff, Legislative Management would serve as the delayed-bills committee, and a letter would be sent to legislators explaining the process and a suggested Friday noon drafting deadline for bills to be considered at the January 20 meeting. The committee also discussed how many bills might be introduced and how to assign the rural health bills to the House or Senate for origin. No formal vote was taken on those logistics, and the meeting adjourned with plans to reconvene on January 20.

Transcript Highlights:

• Assembly Bill 596, by the Assembly Committee on Ways and Means, makes appropriations for the payment
• 52, introduced by the Assembly Committee on Commerce and Labor, revises provisions relating to the payment
• AB 52 revises various claim payment requirements and timelines for administrators of health insurance

Keywords: 909, all

Transcript Highlights:

• She cannot require they stop payment when there are allegations of fraud, even though it's recommended
• this in the executive branch so that they can have Teeth and actually take enforcement action, stop payment
• Medicaid fraud is a robust OIG that has the things that it needs to do its job, the ability to stop payments

Transcript Highlights:

• No person is going to pretend to be a law enforcement officer to try to demand payment, pretend to be
• loan shark, is the tool I use to get that person's money back, to stop the calls, the demands for payment
• We just have one instance of them demanding payment, so they do not fall as a debt collector under the

Summary: The Committee on Commerce and Tourism met with a quorum present and considered several bills. It first took up SB 232 on debt collection, where the sponsor explained a strike-all amendment and the committee adopted a Gruters amendment clarifying that email communications may be sent at any hour while other off-hours communications remain restricted. Testimony was sharply divided on a proposed change from “any person” to “debt collector,” with consumer advocates, legal aid, and the Florida Justice Association warning it would narrow Florida’s consumer protections, while supporters said the bill and amendment would address ambiguity affecting businesses. After debate, the committee rejected the broader amendment, adopted the email-only clarification, and reported CS for SB 232 favorably by roll call vote. The committee then heard and unanimously reported favorably CS for SB 126, which would allow prescription hearing aids to be sold and distributed by mail after a Florida-licensed audiologist or hearing aid specialist conducts the required examination, including remotely through telehealth. Supporters said the bill would improve access and reduce barriers for seniors and others with hearing loss, and no opposition was heard. The committee also heard SB 600 and SB 602 on manufacturing, which would create and fund a statewide Office of Manufacturing, a promotional campaign, workforce grants, and related fees; multiple industry and economic development groups appeared in support, and both bills were reported favorably. Next, the committee considered CS for SB 92 on hit-and-run accountability in vehicle repair shops. The sponsor described the bill as a response to rising hit-and-run incidents and explained that repair shops would have to complete a transaction form or retain a crash report for certain repairs, with a clarifying amendment adopted without objection. Prosecutors and law enforcement supporters said the bill would help identify offenders, while auto dealer representatives argued it could impose burdens and penalties on repair shops. The committee nevertheless reported CS for SB 92 favorably. Finally, the committee heard SB 412, the Motorized Wheelchair Right to Repair Act, which would require manufacturers to provide repair manuals, diagnostic tools, and parts to owners and independent repair providers under fair and reasonable terms. Disability advocates and wheelchair users testified that repair delays can leave users stranded for weeks or months, and the committee reported the bill favorably by roll call vote before adjourning.

Transcript Highlights:

• We're not going to be able to make snap payments.
• We're not going to be able to make snap payments.
• We're not going to be able to make snap payments.
• We're not going to be able to make snap payments.
• We're not going to be able to make snap payments.

Keywords: 910, house, all

Summary: The Committee on Finance received an informational briefing from the Department of Law Enforcement on its priorities following the January 1 transfer of law enforcement assets into the department, including the sheriff’s division, narcotics enforcement, criminal investigations, homeland security, and the inspector general’s office. DLE said its goals are to improve public safety, accountability, communications, training, and standards. The department outlined planned initiatives such as stronger federal partnerships, narcotics and gun-violence enforcement, an agricultural crime unit, traffic and commercial vehicle enforcement, an explosive/fireworks enforcement section, gun buybacks, new police facilities in the airport area, Aahu, and the leeward side, a state training center, upgraded law-enforcement IT, and efforts to narrow salary gaps with county departments to improve recruitment. A major portion of the discussion focused on illegal fireworks enforcement after the recent explosion tragedy. DLE said its current task force is small and relies on ad hoc support from HPD, the Attorney General’s office, criminal investigations, and sheriffs, which is not sustainable. The department requested eight FTEs for the effort—one administrator, two clerical staff, and six investigators—plus funding for a laboratory, equipment, storage, disposal, vehicles, safety gear, and a criminalist. DLE said the explosive enforcement section would use an existing facility and that the initial lab startup cost is about $2 million. Members asked for follow-up materials, and DLE said it would send the explosive enforcement forms and additional details to the Finance and Judiciary chairs. Members also questioned staffing vacancies, interagency coordination, and whether new specialized units could be filled. DLE said it has about 119 vacancies and that recruitment is hindered by a roughly $28,000 starting pay gap with county police departments; academy classes are down to about 12 to 14 recruits. The department said it is streamlining hiring, using QR-code recruitment, and hopes specialized units will attract applicants. On coordination, DLE said it works closely with HPD and other agencies on operations such as fireworks enforcement and public events, and that DOCARE remains a case-by-case partner but is not currently moving into DLE. The committee also received updates on the Silver Alert program, which is nearing rollout with county MOUs and a coordinator expected later in the month, the special duty officer program, which is being moved to a web-based vendor-managed system at no cost to the department, and the SaferWatch school safety system, which is being deployed statewide with annual software costs of $3,500 per school in the first year and $2,500 thereafter. No votes or formal actions were taken.

Transcript Highlights:

• costs are zero since payments may not start until the second year.
• , and sometimes the first-year costs are zero since payments may not start until the second year.
• Well, there's no cost the first year because the payments were all deferred.
• cost the first year because the payments cost the first year because the payments were<01:49:41.440
• <01:49:49.280> and because the interest only payments and because the interest only payments

Keywords: 1189, house, all

Transcript Highlights:

• this in Rockingham County, the increase of home insurance costs from about 10% of the home total payments
• from about 10% of the home<00:52:42.120> um home um home um uh uh uh total<00:52:44.400> payments
• total payments is now um up to 17%. total payments is now um up to 17%.
• So, you know, why should we treat that differently in terms of payment?
• <04:07:05.520> Um differently in terms of payment? Um differently in terms of payment?

Keywords: 928, house, all

Summary: The committee held a public hearing on Senate Bill 562, which would create a home damage mitigation and resilience grant program aimed at helping homeowners make property improvements that could reduce insurance costs and non-renewals. Commissioner DJ Bettencourt of the New Hampshire Insurance Department explained that the program is modeled in part on Alabama’s safer homes program, but tailored for New Hampshire hazards such as floods, microbursts, heavy snow, ice, and falling trees. He said the grants would be limited to primary residences, subject to a means test, capped at $10,000, and intended to help homeowners make targeted improvements such as roof fortification or tree removal that could improve underwriting outcomes and lead to premium discounts. Bettencourt said the program would not use state taxpayer funds and would instead rely on philanthropic donations, possible federal or regional housing-bank funding, and other outside sources. He said the department would not need new staff, and that a current position could be reconfigured to help administer the program part-time. Committee members asked about the funding language, the meaning of “loans” in the bill, whether there were any other states using a similar no-state-funds model, and how many homeowners could be helped. Bettencourt said Rhode Island and Connecticut were moving forward in a similar way, and that the number of beneficiaries would depend on how much money is raised. Members also questioned how the grant program would actually lower premiums, whether savings would apply only to participants or more broadly, and how the IBHS evaluation process would work. Bettencourt and department staff said the direct benefit would be to the homeowner whose property is improved, though neighbors could also benefit in some cases. They explained that IBHS is a building-safety organization that certifies contractors and inspectors and that its standards can qualify homes for insurer discounts. Questions were also raised about confidentiality provisions, first-come-first-served grant awards, rollover of unused applications, and possible tax treatment of donations. The sponsor said those details would be addressed through rulemaking or existing tax rules, and no vote was taken during the hearing.

Transcript Highlights:

• rent um they may have mortgage payments rent um they may have mortgage payments so<00:30:34.039>
• payment, which is the most common down payment size.
• <01:39:05.520> on important uh monthly home payments on important uh monthly home payments
• which is the most common uh down payment which is the most common uh down<01:39:25.880> payment
• The monthly payment difference.

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:

• Trump dismissed criminal cases and accepted foreign payments for personal gain.
• foreign payments for personal gain. foreign payments for personal gain.
• holds and rescended imposed payment holds and rescended funds<02:35:55.200> after<02:35:56.080
• conduit for the payments of bribes. conduit for the payments of bribes.
• from foreign governments for payments from foreign governments for corrupt<03:07:28.720> purposes

Keywords: U.S. House of Representatives Floor Proceedings on Tuesday, May 13, 2025, 1012, house, all

Transcript Highlights:

• There will be no changes in their pension systems as far as the payments.
• There'll be no changes in their pension system as far as the payments that they're receiving. St.

Keywords: 959, house, all