Video & Transcript Research : 'payment pool'
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KY
Kentucky 2025 Regular Session
Interim Joint Committee on Appropriations and Revenue (10-15-25)
Transcript Highlights:
- <00:14:56.000>
for <00:14:56.959>uh payments on behalf payments and for uh payments - on behalf payments amount of uh payment on behalf payments for<00:15:10.800>
uh <00:15:11.120> - So on-behalf payments are payments that are reflected on a district's books but are not payments that
- So on-behalf payments are payments that are reflected on a district's books but are not payments that
- About the on-behalf payments.
Keywords:
Meeting Start 00:00:00
History of SEEK 00:02:15
Summary of On-Behalf Payments 00:12:40
Discussion on Collection of University Debt
Department of Revenue 00:32:40
Northern Kentucky University 00:57:10, 958, all
Summary:
The committee met with a quorum, approved the minutes from the September 17 meeting, and heard a presentation from Kentucky Department of Education staff on SEEK school funding and KDE on-behalf payments. KDE explained recent SEEK changes, including the guaranteed base per-pupil amount, attendance-based calculations, second-month and January growth, the 2022 change funding kindergarten at 100% instead of 50%, and the existing add-ons for at-risk students, exceptional children, limited English learners, home/hospital instruction, and transportation. Staff also reviewed tier one funding, noting the 2024 increase from 15% to 17.5% and explaining that eligibility depends on local tax effort and property wealth. They also described Senate Bill 6 from the 2025 session as a reporting proposal to include on-behalf costs in education spending totals.
KDE staff then outlined on-behalf payments made for districts, including roughly $458 million for Teachers Retirement System contributions, $942 million for health insurance, about $12 million for technology costs, and additional SFCC debt service outside KDE’s appropriation, for a total of about $1.5 billion. Members asked how a future Senate Bill 6 would affect local contributions and whether folding on-behalf payments into SEEK would shift costs among districts. KDE and Senator Gibbons clarified that the bill was intended only as a reporting mechanism and would not change local contribution or district payments; it would simply present a broader total of state education investment. The discussion also noted that Kentucky’s reported SEEK amount alone does not capture all state education spending.
Members raised questions about home and hospital instruction data, saying local concerns suggest growth in some communities even if statewide numbers appear stable. KDE said the statewide figure has been relatively consistent but offered to provide district-level trend data. Co-Chair Petrie also asked about the accuracy of SEEK projections and on-behalf calculations, referencing prior concerns from the Office of Education Accountability. KDE responded that it works with the state budget director’s office in a consensus forecasting process and has been reviewing demographic and property-assessment data, including exceptional child counts, to improve forecast accuracy.
MN
US
US Federal 2025-2026 Regular Session
Hearings to examine reducing waste, fraud and abuse through innovation, focusing on how AI and data can improve government efficiency. Apr 9th, 2025 at 01:30 pm
Joint Economic Committee
Transcript Highlights:
- The federal government reported an estimated $162 billion in payment errors or improper payments during
- The first is Medicaid improper payments.
- You get risk-adjusted capitated payment or a population-based payment with the risk adjustment from diagnosis
- While all fraud is an improper payment, not all improper payments are fraudulent.
- systems—who are not making improper payments...
Keywords:
artificial intelligence, waste reduction, fraud prevention, government efficiency, improper payments, data reliability, oversight
Summary:
The meeting was chaired by Chairman Schweikert and involved a comprehensive discussion on how to utilize artificial intelligence (AI) for reducing waste, fraud, and improper payments within federal programs. Key witnesses, including Mr. Andrew Canarsa from the Council of the Inspectors General, provided insights on the potential of AI in enhancing government efficiency. The committee emphasized the importance of reliable data and thorough examination of AI application to avoid unintended consequences while addressing the estimated $162 billion in improper payments reported by the federal government. Concerns were raised regarding the recent firing of inspectors general and the impacts that could have on oversight and accountability processes.
MN
Minnesota 2025-2026 Regular Session
House Housing Finance and Policy Committee 4/8/25
Housing Finance and Policy
Transcript Highlights:
- And lastly, down payment foreclosure.
- And the first-generation home buyer community down payment assistance program.
- <00:21:58.159>
assistance buyer community down payment assistance buyer community down payment - payment assistance. payment assistance.
- in first generation down payment in first generation down payment assistance<00:30:31.360>
as
CA
California 2025-2026 Regular Session
Assembly Elections Committee Mar 26th, 2025
Transcript Highlights:
- The HESA payments are payments made at the request on or behalf of an official for a legislative, governmental
- report within 30 days of the payment being received for payments of $5,000 or more from a single source
- donor after the initial behested payment report has been submitted.
- This would also codify certain information currently on the behested payment form.
- payments, who's directing these payments, and who's benefiting from these payments, right?
Summary:
The Assembly Elections Committee met on March 26, 2025, adopted its 2025-26 committee rules, and approved a five-bill consent calendar. The committee then heard several election-related measures focused on transparency, accessibility, and election administration. AB 775 (Fong) would modernize behested payment reporting by extending filing deadlines, requiring direct filing with the FPPC in most cases, and improving online public access; the FPPC chair testified in strong support, and the bill drew no opposition. AB 287 (Lackey) would require vote centers and polling places to provide accessible parking and curbside voting accommodations for voters with disabilities; Los Angeles County election officials and Disability Rights California supported the bill, while LAUSD raised concerns about parking shortages and storage costs and requested amendments. AB 331 (Pellerin) would clarify that certification of election results is a ministerial duty, address misleading ballot return envelopes, and ensure voter information guides reach incarcerated voters in a usable format; the Attorney General’s office sponsored the bill, while the Secretary of State expressed concerns about the feasibility of a state takeover of county canvassing and said it was working on a solution with the author.
The committee members generally supported the bills, emphasizing transparency, voter access, and election integrity. AB 775 and AB 287 both received favorable votes after brief discussion, with members noting the importance of transparency in campaign-related reporting and accessibility for voters with disabilities. AB 331 also passed, though the Secretary of State’s office flagged implementation concerns about the proposed certification backstop and the lack of state equipment and staff to canvass ballots. The chair indicated she would continue working with the Secretary of State and other stakeholders on amendments or a workable remedy.
All items ultimately passed out of committee. AB 775 was approved 5-0 and re-referred to Appropriations, AB 287 passed 6-0, and AB 331 passed 6-0 and was re-referred to Public Safety. The committee also later confirmed the votes of absent members and adjourned after all agenda items were disposed of.
NH
New Hampshire 2025 Regular Session
House Judiciary (09/10/2025)
Transcript Highlights:
- Then I’m now going to turn to HB 253, relative to interest-bearing pooled trust accounts maintained by
- 253 um HP 253 relative<00:20:30.799>
to <00:20:31.039>interestbearing <00:20:31.760>pool
Summary:
The committee began by explaining that the meeting was a work session and that votes would only be taken where there was clear consensus. CACR 6, the proposed constitutional amendment on a “right to compute,” was discussed first but not acted on because the prime sponsor was absent. Members raised concerns about whether the issue belonged in the constitution and what the amendment would mean in practice, and the chair recessed the matter for a future meeting.
HB 74, concerning the definition of “citizen” for the right-to-know law and disclosure of preliminary drafts circulated to a quorum or majority of a public body, drew little support. Members noted the Senate’s prior rejection of a related bill and agreed the proposal was unlikely to advance. A motion to ITL the bill passed unanimously by roll call, 15-0, and the bill was placed on the consent calendar.
HB 232, dealing with rights of conscience for medical professionals, was also recessed. Members said they had not yet seen the amendment, which was described as narrowing the bill to abortion-related issues and limiting penalties. Several members said they could not judge the bill without the amendment and expected disagreement, so the chair recessed it. HB 253, on interest-bearing pooled trust accounts maintained by lawyers, was discussed at length; the chair said the bill did not address the underlying IOLTA issue and would likely create conflict with the bar and judiciary. Members cited existing Supreme Court procedures and suggested the bill was unnecessary. A straw vote showed support for interim study and ITL, and the committee ultimately voted 15-0 to place HB 253 on consent.
HB 293, aimed at preventing minors from accessing obscene material on internet-connected devices, prompted substantial debate. Members generally supported the goal but objected to the bill’s private right of action, its focus on manufacturers rather than content providers or internet platforms, uncertainty about the filtering technology required, and concerns about defining obscenity on a national rather than community basis. The committee discussed forming a subcommittee to work on the bill further, and members volunteered to serve, indicating the issue would be revisited rather than voted on immediately.
CA
California 2025-2026 Regular Session
Assembly Budget Subcommittee No. 4 on Climate Crisis, Resources, Energy, and Transportation May 20th, 2025
NH
New Hampshire 2025 Regular Session
House Children and Family Law (05/13/2025)
Transcript Highlights:
- So, it wouldn’t be sure, you know, have a pool party and invite two judges.
- So, it wouldn’t be sure, you know, have a pool party and invite two judges.
Summary:
The Family Court Subcommittee of the Children and Family Law Committee convened under Chairman Mark Pearson to continue work begun by the prior special committee on the family division of circuit court. Pearson emphasized a collaborative, consensus-based approach with the judiciary and said the subcommittee would build on earlier “low-hanging fruit” reforms while tracking how prior changes are actually working. He also explained that the subcommittee would likely form smaller working groups, with informal meetings allowed so long as they stayed within open-meeting limits.
The main policy focus was House Bill 652, which was retained by the committee, along with broader questions about what additional changes family court should make. Members divided the work into two broad areas: pre-trial and trial issues. Pre-trial topics included alternative dispute resolution, mediation training and supervision, counseling/therapy for litigants with issues such as PTSD, and improving materials for pro se litigants, including New Hampshire Bar forms and instructions. The committee also discussed whether to use input from prior testimony, former litigants, other states, and legislative researchers, and whether some of the work should be assigned to two-person subgroups to allow flexible research and outreach.
For trial-related issues, members identified additional training for family court judges, whether judges should be dedicated solely to family court, and how to handle the overlap between civil and criminal matters, especially domestic violence and divorce cases. Representative Raymond raised concerns about courtroom recordings and whether judges’ behavior and record preservation were adequate; Aaron Kan of the court system responded that circuit court recording practices and staffing had not changed, that circuit court lacks the court monitors used in superior court, and that resource limits prevent similar staffing. Raymond also raised the cost of obtaining trial transcripts for pro se litigants; Kan explained that transcripts are produced by private vendors because the court system no longer employs court reporters, and that the fees reflect that outsourced service rather than a court-imposed markup. No votes were taken, and the meeting ended with plans to continue gathering information and assigning subtopics for further study.
MN
Minnesota 2025-2026 Regular Session
Legislative Audit Commission 11/4/25
Minnesota House Floor Meeting
Transcript Highlights:
- c><00:12:47.120>
that we found 40 of 41 of the payments that we found 40 of 41 of the payments - . payment. payment.
- We have no have overp payments.
- This is two payments to vendors.
- , they are not rushing payment.
Summary:
The committee heard a presentation from the legislative auditor on a performance audit of the governor’s office and lieutenant governor’s office covering July 1, 2022 through December 31, 2024. The audit reviewed receipts, inventory, payroll, and non-payroll expenditures and found 12 findings, concluding the office generally did not comply with the criteria tested because of internal control deficiencies. The auditor said four of five prior findings that remained relevant were not fully resolved, and that the problems were widespread across financial operations, creating opportunities for waste and fraud, though no evidence of wrongdoing or misuse of funds was found.
The main findings involved weak segregation of duties, late vendor payments, inaccurate reimbursements and vendor payments, missing documentation, and poor receipt management. Auditors said one employee handled purchasing, receiving, payment processing, and inventory functions without adequate oversight; vendors were often paid late, resulting in more than $1,000 in late/reactivation fees; reimbursements and some state airplane payments contained errors; and many vendor payments, reimbursements, and purchasing card transactions lacked required support. The office also failed to collect about $12,000 for events at the governor’s residence, did not fully process several deposits, and lacked documentation for some billed or deposited amounts.
Members reacted strongly to the repeated control failures and the lack of documentation, with several saying the issues were pervasive and concerning even if the dollar amounts were not large. Questions focused on whether the problems reflected different treatment of vendors versus employee expenses, whether restitution was being sought, and whether legislation was needed. The auditor responded that the state already has the necessary policies and procedures, and that the issue is implementation and oversight by the governor’s office, not new legislation. The auditor also said the governor’s office had been receptive and had begun taking steps to address the findings.
MN
Minnesota 2025-2026 Regular Session
House Environment and Natural Resources Finance and Policy Committee 3/5/26
Environment and Natural Resources Finance and Policy
Transcript Highlights:
- , Before making an advanced payment, Before making an advanced payment, agencies<00:05:22.720>
- for advanced payments. for advanced payments. >> Very<00:10:35.519>
well. - Um, I am like advanced payments.
- advanced payment option. advanced payment option.
- And they said, "Well, it's payment." payment." payment."
Summary:
The committee approved the March 3 minutes and then heard a presentation from the Office of the Legislative Auditor on state grant-management requirements. Deputy Legislative Auditor Katherine Tyson outlined the main controls agencies must follow, including pre-award risk assessments for grants of $50,000 or more, reimbursement as the preferred payment method, limits and documentation requirements for advance payments, and monitoring obligations for active grants. She emphasized that these controls are intended to reduce improper payments and fraud, but also require staff time and strong internal systems. In response to questions, she said advance payments are used in some grants but reimbursement is more common, and noted that agencies can add controls such as retaining a portion of funds, surprise visits, or audits. She also said surety bonds are required in some state programs, but not generally for grants, and that this could be a policy discussion for the executive branch.
The committee then received a Department of Natural Resources presentation on the new Environment and Natural Resources Trust Fund community grant program created in 2023 law. DNR officials said the program is intended to expand access to ENRTF funding, especially for communities affected by pollution and environmental degradation, and to support projects such as environmental education, resource restoration, trail work, and aquatic invasive species management. They said the department will use the same grants team that handles Outdoor Heritage Fund and LCCMR grants, which already manages a large volume of grants, and that the advisory council application is open through April 10.
DNR described its implementation plan as similar to the Conservation Partners Legacy program, with both standard and expedited grant rounds, technical assistance, and use of technical experts. Differences include no match requirement, allowance for fiscal agents to help smaller organizations, and more flexibility for administrative expenses to reduce barriers to participation. Officials said the program will follow state grant rules, including pre-award financial reviews and monitoring, and will use the 5 percent administrative allowance to support both oversight and grantee assistance. They also said the report’s suggestion of advance payments for grants under $50,000 was raised for discussion, but they did not dispute the auditor’s emphasis that reimbursement is the preferred approach.
VT
Transcript Highlights:
- payment reform look like? payment reform look like?
- through per member per month payments through per member per month payments made<00:34:26.679>
- Requires per person per month payment payments to all primary care practices, not just medical homes,
- Requires per person per month payment Requires per person per month payment payments<00:37:30.040
- to primary care practices to payments to primary care practices to include<00:38:03.400>
payment<
Summary:
The House first took up S. 298, the Vermont Voting Rights Act. Members explained the Senate’s further proposal of amendment, including changes to language about how the State Ethics Commission may respond to ethics inquiries, a directive for the Secretary of State and Ethics Commission to work out a shared process for the candidate financial disclosure form by January 30, and a technical PAC-related wording change. The committee reported an 11-0-0 vote in favor, and the House concurred in the Senate proposal of amendment.
The chamber then suspended rules to take up S. 328, the omnibus housing bill, and heard detailed committee reports from General and Housing, Ways and Means, and Appropriations. The bill addresses common interest community resources, a service-supported housing advisory council, expansion of the 10% for Vermont program to 12.5%, an off-site construction accelerator pilot, VHFA’s rental housing revolving loan program, special assessment districts, municipal housing planning requirements, and several reports on housing-related issues. Ways and Means described revenue impacts from the cash-balance expansion and revised the off-site construction pilot and loan program language; Appropriations removed a section already included in the budget and adjusted advisory council per diem funding. The House adopted the amendments, ordered third reading, suspended rules to place the bill in all remaining stages, passed it in concurrence with proposal of amendment, and messaged the action to the Senate forthwith.
The House then suspended rules to take up S. 197, relating to payment reform for primary care. The House Health Care Committee recommended a strike-all amendment, saying the health care system is in crisis, premiums are rising, access to primary care is limited, and clinicians are burdened by documentation and administrative work. The committee vote on its amendment was 10-0-1, and the bill was also referred to Ways and Means and Appropriations because of fiscal implications. The transcript cuts off as the House was beginning consideration of the bill.
MN
Minnesota 2025-2026 Regular Session
House Fraud Prevention and State Agency Oversight Policy Committee 1/21/26
Fraud Prevention and State Agency Oversight Policy
Transcript Highlights:
- payment processing I just spoke to. payment processing I just spoke to.
- payment and support functions. payment and support functions.
- . payments. payments.
- withhold payment, and to allow payment withhold payment, and to allow payment withholdings<00:41
- payments? payments? No. No. No.
FL
Florida 2026 4th Special Session
January 20, 2026 - 10:30 AM
Transcript Highlights:
- 6%, and the payment error rate is calculated based on the result of that quality control review.
- The payment error rate.
- Federal payment error rate, when calculating the payment error rate, does the federal take into account
- So, client error, intentional or not, is counted against us in the payment error rate.
- We intend to use our 2026 payment error rate. We are moving in the right direction.
FL
Florida 2026 5th Special Session
Commerce and Tourism Jan 13th, 2026
Transcript Highlights:
- These payments often...
- My other question was the just-in-time payment.
- Could you educate me on what a just-in-time payment is?
- My other question was the just-in-time payment.
- Could you educate me on what a just-in-time payment is?
Summary:
The Commerce and Tourism Committee heard and reported favorably several bills. SB 386, by Sen. Trumbull, would create consumer rights and manufacturer obligations for defective farm equipment, modeled on lemon-law concepts, and passed without opposition. SB 528, also by Sen. Trumbull, would strengthen Florida’s manufacturing sector through Department of Commerce responsibilities, a chief manufacturing officer role, workforce grants, and reporting requirements; it drew questions about whether it differed from last year’s bill and was supported by several appearance forms before passing favorably. SB 806, a right-to-repair bill for portable wireless devices and agricultural equipment, drew the most testimony: supporters said it would expand consumer choice and repair access, while dealers and industry representatives argued existing manufacturer agreements already provide access and warned the bill could disrupt dealer/manufacturer relationships and future technology; it nevertheless passed favorably.
The committee also approved SB 696 on trademark registration, which would modernize the trademark classification system, allow online applications, and clarify document verification procedures, and SB 930, which creates a 15-member Florida Retirement Savings Task Force to study retirement coverage gaps and recommend policy options without imposing employer mandates. SB 826, by Sen. Leak, would address reward cards that function like gift cards but expire, while excluding loyalty programs; the Florida Restaurant and Lodging Association raised concerns about unintended consequences and the need for tighter definitions, but the bill was reported favorably after the sponsor said the language would be refined. SB 874 would expand professional licensure reciprocity for experienced out-of-state surveyors and mappers to address workforce shortages, and it also passed favorably.
After a pause, the committee took up CS/SB 838 on electronic payments of retail installment contracts. Sen. Yarbrough said the bill clarifies that reasonable convenience fees for optional electronic payments are permissible, provided they are disclosed and a fee-free option remains available, to reduce ambiguity and litigation. Members questioned whether the bill could authorize or expand fees and whether the “reasonable” standard was sufficiently clear; the sponsor said the fees are tied to processor costs and are not intended as revenue. An amendment adding the word “retail” was adopted, and the committee substitute was reported favorably. Several members later asked to be recorded as voting in the affirmative on bills they had missed, and the meeting adjourned.
FL
Transcript Highlights:
- These payments often...
- My other question was the just-in-time payment.
- Could you educate me on what a just-in-time payment is?
- My other question was the just-in-time payment.
- Could you educate me on what a just-in-time payment is?
Keywords:
farm equipment, agricultural machinery, farm machinery, tractor, combine, harvester, implements, warranty, lemon law, defective equipment, repair rights, consumer protection, manufacturer liability, authorized service agent, replacement, refund, rural agriculture, urban agriculture, Florida Statutes, chapter 604
Summary:
The Commerce and Tourism Committee met with a quorum and considered several bills, most of them receiving favorable reports. SB 386, relating to farm equipment repair rights, was briefly explained by the sponsor as a lemon-law style measure for farm equipment; it passed without questions or debate. SB 528, aimed at strengthening Florida’s manufacturing sector by expanding Department of Commerce responsibilities, codifying the chief manufacturing officer role, creating a workforce development grant program, and requiring reporting, drew support from several appearance forms and was reported favorably. SB 806, a broader right-to-repair bill covering portable wireless devices and agricultural equipment, drew the most discussion: dealership and industry representatives opposed it, arguing existing manufacturer agreements already provide access to repair information and that the bill could force manufacturers into competition with dealers, while supporters framed it as pro-consumer and pro-repair access; it was still reported favorably. SB 696 on trademark registration modernization and SB 930 creating a Florida Retirement Savings Task Force were both explained as administrative/policy measures and passed without opposition. SB 874, which creates a professional licensure reciprocity path for out-of-state surveyors and mappers to address workforce shortages, also passed favorably.
The committee then took up SB 826 on gift certificates, which the sponsor said is intended to target bank-branded “reward cards” that function like gift cards but expire, while not affecting loyalty programs. The Florida Restaurant and Lodging Association expressed concern about unintended consequences and asked to work on tighter definitions, but the bill was reported favorably after the sponsor said clarifying language would be added later. The committee also heard SB 838, as amended, on electronic payments for retail installment contracts; the sponsor said it would clarify that reasonable convenience fees for optional electronic payments are permissible, require disclosure, and preserve a fee-free option. Members raised concerns about what counts as a “reasonable” fee and whether the bill could authorize junk fees, but the committee substitute was reported favorably.
Several votes were taken by roll call, with the bills above reported favorably and SB 898 temporarily postponed at the sponsor’s request. Members later asked to be recorded as voting affirmatively on bills they had missed. The meeting concluded after the final vote on SB 838 and a motion to adjourn.
US
US Federal 2025-2026 Regular Session
Business meeting to consider an original bill entitled, "GENIUS Act of 2025", and S.875, to curtail the political weaponization of Federal banking agencies by eliminating reputational risk as a component of the supervision of depository institutions. Mar 13th, 2025 at 09:00 am
Banking, Housing, and Urban Affairs Committee
Transcript Highlights:
- Payment stable coins issuance to just banks, issuing payment stable coins is inherently different than
- Second, payment stable coins are backed one-to-one in reserves.
- Colombia where payments don't exist and you don't have the ability to transact.
- for timely redemptions of outstanding payment stable coins. stable coins.
- infrastructure between banks are tailored to payment stablecoin issuers.
Bills:
SB875
Keywords:
banking regulation, federal agencies, reputational risk, financial services, supervision, FIRM Act, bank supervision, depository institutions, federal banking agencies, FDIC, OCC, Federal Reserve, NCUA, CFPB, credit unions, Operation Choke Point, financial discrimination, safety and soundness, supervisory guidance, examination manual
Summary:
This meeting focused on the markup of the Genius Act and the FIRM Act, two significant pieces of legislation addressing stablecoin regulation and the financial industry's regulatory framework. The Chairman noted the importance of providing clarity to the digital asset community and protecting American consumers, while also promoting innovation and competition within the financial sector. Members of both parties expressed varying viewpoints, with some highlighting concerns related to national security and the potential risks associated with stablecoins.
CO
Colorado 2026 Regular Session
Colorado House 2026 Legislative Day 087 Apr 11th, 2026
Colorado House Floor Meeting
Transcript Highlights:
- payments.
- payments.
- payments.
- Officer Payments. Officer Payments.
- Equivalent payments, 10,94,22. Payments to OIT.
Summary:
The House convened with a quorum, approved the prior journal, and heard several brief recognitions before moving to business. Members welcomed foster care advocates for Child Abuse Prevention Month, Girl Scouts visiting the Capitol, and participants in Black Maternal Health Week, with remarks emphasizing foster youth voice, leadership development, and the need for culturally competent maternal health care and doula/midwife support.
The chamber then took up House Joint Resolution 1026, honoring former Governor Roy Romer and designating a portion of I-25 as the Governor Roy Romer Memorial Highway. Supporters highlighted Romer’s long public service, his work on education and infrastructure, and his role in major state projects. A proposed amendment to strike the word “memorial” was withdrawn, the House suspended the rules to allow Romer to speak from the well, and Romer offered remarks about legislative collegiality and the importance of democracy and listening to opposing views.
House Joint Resolution 1026 was adopted on a 60-0 vote, with four excused and one absent. After a brief recess, the House returned to special orders and resumed reading House Bill 1410 at length, continuing through extensive appropriations language for the Department of Human Services, including child welfare, youth services, Medicaid-related transfers, SNAP and benefits administration, and other funding line items. No final action on House Bill 1410 was taken in the portion provided.
MA
Massachusetts 2025-2026 Regular Session
Future of Payments and Sales Transactions by Credit Card and the Impacts for Small Businesses Jun 21st, 2026 at 11:00 am
Transcript Highlights:
- , efficient payments for consumers and businesses.
- Today, the payments industry is not simply a financial service.
- These are high-quality jobs that spread across industries, not just in payments.
- Payments operate on a national and global network.
- The payments industry is a strong economic engine for Massachusetts. point of sale.
Summary:
The commission met for its second hearing to study the future of credit card payments and sales transactions and their impacts on small businesses. Members heard extensive testimony from credit unions, retailers, restaurants, and payment-industry representatives on interchange fees, processing fees, fraud, chargebacks, rewards programs, and the ability of businesses to pass fees on to customers. Several witnesses argued that swipe fees have risen sharply, are especially burdensome for restaurants and other small businesses, and are charged on taxes and tips that are merely pass-through amounts. They urged state action to prohibit fees on tax and tip portions, improve transparency, and allow surcharging or convenience fees, while opponents warned that state regulation could reduce fraud protections, increase compliance costs, and threaten consumer rewards programs.
Business owners and trade groups described thin margins, rising costs, and the difficulty of understanding merchant statements or negotiating with processors. Restaurant witnesses said card-not-present and online transactions create the greatest fraud and chargeback risk, with money often removed immediately from merchants’ accounts and disputes rarely resolved in their favor. Retail witnesses gave examples of rising effective rates, higher fees on rewards cards, and the burden of processing fees on low-value transactions. A representative from the Massachusetts Restaurant Association and others said restaurants are effectively paying fees on meals tax and gratuities, which they argued should not be subject to interchange charges.
On the other side, the Cooperative Credit Union Association said interchange revenue helps credit unions fund fraud prevention, rapid card replacement, and member protections, and warned that state limits on interchange could weaken those safeguards and lead to higher consumer costs or reduced services. Airlines for America testified that airline credit card rewards are popular, support travel and jobs in Massachusetts, and could be harmed by interchange reform. The National Restaurant Association and a payments-policy attorney countered that interchange fees are set by card networks rather than competitive markets, that banks remain highly profitable even with rewards, and that states can act after recent court decisions. No votes were taken; the hearing consisted of testimony and questions from commissioners.
MN
Transcript Highlights:
- payment has been made or not. payment has been made or not.
- payment within 60 days of the invoice. payment within 60 days of the invoice.
- The GC would not provide the payment.
- But, unfortunately, the payment paid.
- their rights to seek timely payment. their rights to seek timely payment.
MO
Missouri 2026 Regular Session
Joint Committee on Public Employee Retirement Apr 28th, 2026 at 08:30 am
Joint Committee on Public Employee Retirement
Transcript Highlights:
- What this means is the payment schedule is built assuming that UAL payments in the future will grow by
- What this means is the payment schedule is built, assuming that UAL payments in the future will grow
- payments as you move further. smaller payments in the near term and larger payments as you move further
- That's how the payments are being calculated.
- That's how the payments are being calculated.
Summary:
The Joint Committee on Public Employee Retirement held a hearing focused on the Missouri State Employees’ Retirement System (MOSERS) and its long-term financial condition. MOSERS staff and its investment consultant reviewed the system’s structure, membership, funding policy, and investment approach. They reported a June 30, 2025 funded ratio of 55.4%, with about $17.4 billion in liabilities and $9.6 billion in assets, and explained that the board certified a 32% employer contribution rate under its minimum contribution policy, up from 30.25%, which will increase state appropriations. They also described the system as mature, with more retirees and inactive members than active employees, and said declining payroll growth has made it harder to improve funding.
The presentation emphasized that recent board actions were intended to strengthen the plan over the long term, even though they increased near-term costs. Those changes included lowering the assumed investment return over time to 6.95%, updating mortality assumptions, moving from an open to a closed amortization schedule, and adopting a minimum employer contribution policy. The investment consultant said MOSERS historically used a more risk-balanced asset allocation than many peers, which helped explain weaker relative returns during a long period when public equities outperformed; the board has since shifted toward a more equity-oriented allocation. He said recent performance has improved, with the portfolio outperforming its policy index and ranking better against peers in the short term, though longer-term peer performance remains a concern.
Committee members questioned why the funded ratio had declined over roughly 20 years and whether past investment and actuarial assumptions were too optimistic or too conservative. MOSERS officials responded that the current board is trying to correct earlier decisions and that the present strategy is more in line with industry practice. Members also discussed a proposed MOSERS bill package that would automatically refund small balances to terminated non-vested members and increase deferred compensation auto-escalation, with officials saying the refund provision would improve efficiency and return small balances sooner. The committee also briefly discussed ongoing litigation involving Catalyst Capital; MOSERS said attorney fees have been about $20 million so far, the case remains on appeal, and the damages amount is sealed. No formal votes were taken, and the committee adjourned after questions and discussion.