Transcript Highlights:

• > women<00:12:23.440> originally<00:12:23.920> constructed<00:12:24.560> 1938
• :25.760> phase<00:12:26.079> one<00:12:26.240> of<00:12:26.399> its<00:12
• :27.360> project<00:12:27.760> in<00:12:28.000> January<00:12:28.480> 2023.
• Funding<00:12:29.519> is<00:12:29.760> now<00:12:29.920> available<00:12:30.160>
• ><00:12:32.000> phase<00:12:32.320> two<00:12:32.639> which bienium to complete

Keywords: 0:00:08 Call to Order and Roll Call 0:00:38 Approval of Minutes 0:01:02 Information Items 0:02:17 Lease Rpt from Postsecondary Institutions 0:06:42 Project Rpt from Finance and Administration Cabinet 0:15:03 Lease Rpt from Finance and Administration Cabinet 0:24:00 Rpt from OFM – KY Infrastructure Authority 0:42:55 Economic Development Fund Grants 0:53:38 Rpt from OFM – New Debt Issues 1:16:33 Remaining 2025 Meeting Dates 1:16:45 Adjournment, 958, all

Summary: The committee first handled routine business, including roll call, approval of the July minutes, and several informational reports. Those reports included a University of Kentucky restricted-fund medical equipment purchase for Chandler Hospital, debt issues for five school districts, Eastern Kentucky University’s planned model laboratory school using construction management risk delivery, a Division of Real Properties lease advertisement, Kentucky Communications Network Authority quarterly project reports, and EKU asset preservation revisions. Members then heard and approved a new UK St. Clair Urgent Care Clinic lease in Morehead and an amendment expanding space for the UK Family and Community Medicine Clinic at Turflin Clinic. Testimony explained that both properties are privately owned, the Morehead lease predated the UK/St. Clair arrangement, and the Turflin Clinic is tight on space. The committee also approved three new projects and an appropriation increase: two Department of Military Affairs projects, a Window Ford Training Center underground electric project and a Williamsburg Readiness Center interior repair project, a Fish and Wildlife property acquisition adjoining Veterans Memorial Wildlife Management Area, and an $8.113 million increase for the Department of Revenue integrated tax system (DORIS). The DORIS increase was described as needed for change orders tied to legislation and to complete the unified tax system. The committee next reviewed no-action items, including a $3 million emergency flood-damage repair project for the Bush Building and Vest-Lindsay House in Frankfort, and three pool projects over $1 million: a Kentucky Correctional Institute for Women window replacement phase 2 project, a Department of Criminal Justice Training interior refurbishment at Thompson Hall, and the Muddy Gut Branch stream mitigation project in Johnson County. The flood project was confirmed to be fully reimbursed by insurance proceeds. Finally, the Kentucky Infrastructure Authority presented six loans and nine grants. Action items included water and sewer financing for Cumberland County, Lebanon, Northern Kentucky Water District, Lewisport, and Providence, plus a major Taylor Mill treatment plant project and several cleaner water grants and reallocations. Members asked about loan rates, local rate increases needed to repay debt, and the Providence emergency water interconnect; staff explained that Lewisport had begun a rate increase process, and that the Providence project would connect Webster County Water District and the city of Providence to stabilize pressure after a systemwide failure. All action items were approved.

Transcript Highlights:

• Days within a 12-month interval.
• The 12% is for quality.
• In January of this year, it was a report that was released to the Legislature.
• We're going to move on to issue number 12. All right. Still me.
• From January 2020 to March... Our communities in the Inland Empire.

Keywords: 987, senate, all

Summary: The committee heard a lengthy budget and policy discussion on child care, child welfare, and related early education issues, beginning with child care funding and slot utilization. Department of Social Services officials outlined the Governor’s proposed 2026-27 child care budget, including $6.8 billion for child care programs, an $11.5 million Prop. 64-funded disaster repair mini-grant program for licensed facilities affected by 2025 disasters, and projected reductions tied to federal CCDF formula changes and lower Prop. 64 revenues. DSS said the reductions could mean about 4,176 CCTR slots, but emphasized they were assessing how to absorb the cuts without disrupting children currently in care. The LAO supported aligning funding to lower revenues and asked for more detail on the disaster grant program. Senators pressed the department on why so many slots remain uncontracted or unfilled, why unspent funds revert to the General Fund, and whether more flexibility could move dollars from contracts to vouchers; DSS said delays are largely due to infrastructure, licensing, staffing, and enrollment ramp-up, and that it is working on readiness reviews, technical assistance, and possible reallocation of relinquished slots. The committee also discussed Emergency Child Care Bridge reallocations among counties and confirmed that no currently enrolled children would be disenrolled under the proposed slot reductions. A second panel focused on the state’s broader commitment to expand child care and reform reimbursement rates. DSS said California has nearly doubled child care funding in five years and increased monthly children served from about 294,100 in 2019-20 to more than 366,700 currently, while also advancing the single rate structure process through the alternative methodology and a joint labor-management committee report. Stanislaus County Office of Education described local shortages, especially for infant and toddler care, and argued that rate disparities between programs make it harder to sustain mixed delivery systems. Parent Voices California testified that the current system is confusing, unstable, and inequitable, with one speaker describing repeated paperwork burdens, waiting lists, and periods of homelessness while trying to maintain child care. The California Budget and Policy Center argued that only 16% of eligible children were enrolled in 2024, that Universal TK has drawn major resources into school-based care, and that providers remain paid far below the cost of care; it urged more revenue, faster rate reform, and expansion across the mixed delivery system. The LAO estimated that aligning CCTR adjustment factors for three-year-olds and children with disabilities with CSPP would cost $88 million to $131 million ongoing. Senators and staff also discussed the need for deadlines on automation and implementation of the single rate structure, with DSS and CDE noting that policy decisions, system changes, and collective bargaining issues are still being worked through. The committee then reviewed several child care trailer bill proposals. DSS proposed applying the 2026-27 COLA as an increase to cost-of-care-plus payments rather than as a traditional COLA, with $87.8 million General Fund initially proposed; DSS later acknowledged it had omitted CalWORKs Child Care and the Emergency Child Care Bridge from the calculation and said the amount would be revised upward. The LAO recommended making the COLA treatment uniform across child care and state preschool programs. DSS also proposed replacing the market rate survey with the federally approved alternative methodology survey on a triennial schedule, limiting temporary absences for licensed family child care homes to 20% of care hours in a month, defining excessive unexplained absences as more than 30 days in a 12-month period, and aligning family fee collection so contractors collect the fee without reducing the voucher value. The department said these changes are intended to bring state law into compliance with federal requirements and to better reflect current practice. Finally, the committee discussed the Early Childhood Policy Council, including a reappropriation of previously unused funds and a new reporting requirement under AB 563; members questioned staffing needs and whether existing contractor support could absorb the work, while DSS said the funds are used for stipends, facilitation, translation, and contract oversight and may still be needed as participation patterns change.

Transcript Highlights:

• :12:02.560> he<00:12:02.760> died<00:12:03.079> peacefully<00:12:03.519> at
• <00:12:04.399> of<00:12:04.600> Kean<00:12:05.040> on<00:12:05.279> January
• covenant living of Kean on January covenant living of Kean on January 29th<00:12:07.480> Tim<
• extends back<00:12:09.320> to<00:12:09.480> the<00:12:09.760> last<00:12:10.200
• and concluded<00:12:12.000> in<00:12:12.160> 2016<00:12:13.120> Al<00:12:13.279

Keywords: 1189, house, all

Transcript Highlights:

• here<00:12:06.240> that<00:12:06.399> is<00:12:06.560> going<00:12:06.639>
• feel<00:12:14.720> like<00:12:14.959> they<00:12:15.200> have<00:12:15.360
• ><02:12:01.599> Center<02:12:02.159> or<02:12:02.400> at<02:12:02.560> the
• And so<03:12:01.760> those<03:12:01.920> are<03:12:02.160> still<03:12:02.399>
• <03:12:06.080> the<03:12:06.319> ones<03:12:06.560> that<03:12:06.880> are

Keywords: 1183, house

Transcript Highlights:

• :38.880> will<00:12:39.040> hear<00:12:39.279> the<00:12:39.519> national
• hear the national anthem from Kristen<00:12:41.600> Cand,<00:12:42.560> guest<00:12:42.880
• Minority<00:12:44.320> Leader<00:12:44.800> Winter,<00:12:45.600> House<00:12:45.920
• Oh,<00:12:51.680> say<00:12:52.720> can<00:12:53.600> you<00:12:54.399> see
• c> Oh, say can you see Oh, say can you see by<00:12:57.680> the<00:12:58.240> dawn<00:12

Keywords: 981, all

Summary: The House convened with the pledge of allegiance led by Minority Leader Caldwell, followed by a performance of the national anthem by Kristen Cand, a guest of Assistant Minority Leader Winter. The clerk then called the roll and a quorum was established, with several members noted as excused. Representative Slaugh, a new legislator, briefly joked about being put on the spot before moving approval of the journal from the previous day; the motion was adopted. The Speaker announced that the chamber would soon host a joint session to hear a message from Governor Polis under Senate Joint Resolution 2. A committee to escort the governor was named as Representatives Martinez, Smith, and Bottoms. The Majority Leader then instructed members to wear orange lanyards provided by State Patrol as an additional form of identification for the joint session, and explained that the House would recess for a security sweep of the chamber and gallery. The House agreed to stand in recess until after the joint session, with members asked to return by 10:45 a.m. wearing the lanyards. No legislation was debated or voted on beyond approval of the journal and the recess motion.

Transcript Highlights:

• . >> Pursuant to the order of House of January 6, 2026, the Chair will now recognize Members from lists
• Adams passed away on January 25 at the age of 77.
• And with that, I yield back the balance of my time. >> Pursuant to clause 12(a) of Rule One, the Chair
• Pursuant to clause 12(a) of Rule I, the Chair declares the House in recess, subject to the call of the
• PURSUANT TO CLAUSE 12 A OF RULE ONE.

Keywords: U.S. House of Representatives Floor Proceedings on Tuesday, February 10, 2026, 1012, house, all

Transcript Highlights:

• Do you want to take the right of the Registration for public testimony will end at 12 p.m.
• Well, I hate to question you, but you'd said you're looking at 12 CP.
• We would think that 12 CP is a good start.
• Whether it's 10, whether it's 12, is not really the issue.
• If you go back to the last 10, 12 years, on average, it's been about that.

Keywords: 1184, house, all

Transcript Highlights:

• We will then adjourn for a short break from 12 to 12:30, and then we will have one more hour on the very
• That will be from 12:30 to 1:30.
• It expires January 2032.
• It expires January 2029.
• This preference is scheduled to expire January 1, 2009.

Summary: The committee met on July 15, 2026, but initially lacked a quorum, so it could not adopt prior minutes. Chair Jerry Pollett welcomed new member Senator Victoria Hunt and new JLARC staff, and noted national recognition for recent JLARC reports. The meeting then moved into a series of preliminary audit presentations and an agency strategic management update, with committee members asking questions after each item. JLARC presented a preliminary audit of DCYF’s Juvenile Rehabilitation programs. Staff concluded that crowding, staffing shortages, weak risk assessments, and inconsistent programming combine to create unsafe conditions. The report found that most youth are housed in two large secure facilities operating near or above capacity, incidents rise as population rises, 47% of frontline staff leave within a year, current assessment tools are not valid for the population, and program access depends more on facility than individual need. JLARC made one recommendation to the legislature to address crowding and seven to DCYF, including improving retention, training, incident response procedures, validated assessments, program alignment, and data quality. DCYF Secretary Ross Hunter said the agency agreed overcrowding is a serious problem, described ongoing efforts to improve staffing and safety, and said a detailed response would be provided later. Committee members raised concerns about education access, retaliation against staff or youth who participated in the audit, and whether JR-25 has helped or worsened conditions. JLARC then presented a preliminary audit of Labor and Industries’ enforcement of farm worker labor laws. The audit found that L&I generally meets inspection timelines for health and safety complaints, but not for wage and hour or retaliation complaints, where delays are driven largely by time before assignment to an investigator. Staff said complaint volume exceeds capacity, though the agency has added staff, created screening processes, and reorganized workloads, and 2026 legislation now allows prioritization of complaints and broader investigations. JLARC recommended that L&I report back in December 2026 and December 2027 on backlog reduction and implementation of the new law. An L&I representative said the agency is hiring additional staff and will provide a formal response later. The committee also received a JLARC overview and Department of Health strategic management plan update on hospital data reporting, inspections, complaints, and adverse event reporting. DOH reported measurable progress on inspection compliance, new staffing and licensing systems, translated complaint forms, and plans for future work on language access, adverse event reporting, and financial data dashboards. After lunch, JLARC began its 2026 tax preference performance reviews. The first review covered the Main Street tax credit, which JLARC said has helped increase the number of Main Street communities and businesses, with positive growth near designated districts; JLARC recommended continuing the preference and improving business-count data. The second review covered the equitable access to credit program, which JLARC said appears to support underserved communities by funding loans through CDFIs; JLARC recommended continuing the preference beyond its 2027 expiration. The committee began questions on the program mechanics and the role of the Community Reinvestment Act, and the presentation was still underway when the transcript ended.

Transcript Highlights:

• this is from October 1st until January this is from October 1st until January 30th.<01:22:42.239
• We work out an through a chapter 12.
• As noted, mediations in January 2026 were up: in 2024, for example, there were 45 in January, and in
• And as we noted mediations in January And as we noted mediations in January 2026 2026 2026 uh<01
• So we know uh we see a 45 in January.

Keywords: 1187, senate, all

Transcript Highlights:

• :40.480> to,<01:12:41.240> and<01:12:41.400> how<01:12:41.560> final<01:12
• :00.160> It's<02:12:00.360> a<02:12:00.440> really<02:12:00.800> big<02:12
• We<02:12:11.280> just<02:12:11.560> need<02:12:12.520> some<02:12:12.920>
• And<02:12:17.080> the<02:12:17.160> volunteer<02:12:17.960> fire<02:12:18.280>
• <02:12:33.600> exists,<02:12:34.760> it's<02:12:35.080> better<02:12:35.480>

Keywords: MS Senate Floor - 11 March, 2026; 10:00 AM, 925, all

Summary: The Senate convened with a quorum, opened with an invocation by Reverend Anthony Phillips, and dispensed with the reading of the journal and committee reports. The chamber also recognized several guests in the galleries, including family members of senators, medical professionals for Early Childhood Day, and advocates and local officials. After introductions, the Senate moved into the calendar and began considering bills and motions. Among the measures taken up, the Senate passed House Bill 1393 to create the Mississippi Energy Infrastructure Fund, with the sponsor explaining it would allow MDA to support energy projects and require compliance with state procurement laws. The Senate also passed House Bill 420, which provides a full homestead ad valorem tax exemption for honorably discharged veterans age 85 or older and allows an unremarried surviving spouse to keep the exemption; senators asked about eligibility, age limits, and safeguards against improper exemptions. Another bill passed was House Bill 1941 on the Mississippi Outdoor Stewardship Trust Fund, which would allow funding through bonds or other means in addition to direct appropriation and raise the DFA processing cap from 2% to 3%; several senators raised concerns about state debt and the funding mechanism. The Senate concurred in Senate Bill 2906, which gives the Secretary of State additional time to establish minimum cybersecurity standards for county election systems. It also adopted motions to table reconsideration on several House bills, including House Bill 908 on absentee ballot receipt dates, House Bill 525 on mandatory minimum penalties for sexual battery, and House Bill 538 on sanctuary policies and immigration enforcement. The chamber voted to reconsider and then again pass House Bill 1613, described as a bill on aggravated trafficking weight and pill counts that also included a chemical abortion ban, after some senators who were absent earlier asked to go on record. For House Bill 2409, dealing with a comprehensive mitigation program for retrofitting insurable homes, the Senate voted not to concur and invited conference. The Senate also passed and retained numerous other items as it worked through the calendar.

Transcript Highlights:

• So the way we assess properties in Florida is is off is as of their highest and best use on January one
• What what was the highest met best use of the property as of January one.
• that as taxable value has grown millage rate has decreased a little bit 2025 years ago, it was almost 12

Keywords: 999, senate, all

Transcript Highlights:

• > and<01:12:19.040> again<01:12:19.600> this<01:12:19.760> is<01:12:19.920
• 01:12:21.040> and<01:12:21.280> it<01:12:21.520> certainly<01:12:21.840> will
• <01:12:24.000> So<01:12:24.239> with<01:12:24.400> that<01:12:24.560> being
• > at<01:12:29.679> least<01:12:30.000> I<01:12:30.239> thank<01:12:30.400
• >> No,<02:12:29.119> this<02:12:29.280> this<02:12:29.599> is<02:12:29.840

Keywords: 1136, house, all

Transcript Highlights:

• So now we’re looking at the data from January 2021 through June 2025.
• On call, we have about right now probably between 8 to 12 officers.
• I've mentioned 12 hours, 48 hours, 72 hours.
• I've got almost 12... Vagrancy, and the sheriff could list those.
• On slide 12, I'll spend a moment on this slide.

Keywords: 1185, senate, all

Transcript Highlights:

• Thank you, Madam President. that we open session with in January.
• Why this is important: iLottery was launched in January 2026.
• Why this is important: iLottery was launched in January 2026.
• I would come back in early January and do that.
• Let's see about the people that actually Googled it in the 12 hours before and the 12 hours after and

Summary: The Senate received communications from the House on numerous measures, including several bills and resolutions passed with amendments, committee reports on bills such as large energy use facilities, campaign finance, voting rights, and appropriations, and a list of pre-file legislation. The chamber then moved through a long floor session with confirmations, bill readings, and roll-call votes, ultimately confirming the nomination of Morgan T. Zern to the Delaware Supreme Court by a 21-0 vote. Among the major policy items considered were property tax and school tax measures tied to the statewide reassessment. The Senate passed House Bill 460, clarifying monthly municipal permit-data reporting to New Castle County; House Bill 461, granting temporary authority for New Castle County school districts to reset school tax rates for one cycle; and House Bill 462, making the split school tax rate permanent with a lower nonresidential cap. Members discussed the fiscal effects at length, including testimony from a school district finance officer that HB 461 would allow revenue-neutral rate setting and offset the fiscal note on HB 462. The Senate also passed House Bill 365 creating a Delaware Indigenous Affairs Commission, House Bill 458 on backflow requirements for low-hazard buildings, Senate Bill 27 establishing the Office of New Americans with a sunset and interagency coordination, and Senate Bill 315 on the Delaware Technical Innovation Program. The chamber also approved Senate Substitute 1 for Senate Bill 300, a firearms dealer regulation bill, after extensive debate over amendments, confidentiality, background checks, and the balance between public safety and burdens on lawful dealers. Several members raised constitutional and practical objections, while supporters argued the bill would reduce trafficking, straw purchases, and theft from dealers. In addition, the Senate passed House Bill 305 creating a diabetes wellness pilot program, with supporters emphasizing the state’s diabetes burden and the program’s federal funding, and House Concurrent Resolution 157, which asks the State Lottery Office to report on iLottery’s impact on small businesses. Senate Bill 325, a fire prevention/background-check bill, was laid on the table after concerns about a late House amendment and requests for more time to consult stakeholders.

Transcript Highlights:

• :12:03.600> committee<01:12:03.840> for<01:12:04.000> taking<01:12:04.239> my
• For the record, uh<01:12:06.800> Brody<01:12:07.199> Dea's,<01:12:07.840> I<01:12
• c><01:12:11.120> House<01:12:11.440> Bill<01:12:12.400> um<01:12:12.640> 1134
• c> back<01:12:32.560> and<01:12:32.880> fix<01:12:33.120> the<01:12:33.440><
• :12:58.159> and<01:12:58.320> it<01:12:58.560> forces<01:12:58.800> a<01:

Keywords: 1189, house, all

Transcript Highlights:

• > next<01:12:02.719> well<01:12:02.880> before<01:12:03.199> we<01:12:03.280
• :20.199> back<01:12:20.400> on<01:12:20.920> Friday<01:12:21.920> uh<01:12
• I<01:12:24.360> would<01:12:24.520> just<01:12:24.639> ask<01:12:24.840>
• <01:12:33.840> say<01:12:34.600> my<01:12:34.719> name<01:12:34.840> is<01
• :12:35.000> Phil<01:12:35.239> nnie<01:12:35.760> and<01:12:35.880> I I only

Keywords: 912, senate, all

Summary: The committee opened by outlining testimony procedures and then heard SB 376 on tax credits, which would create a home fire safety improvement tax credit. Testimony from the Tax Foundation of Hawaiʻi urged that the concept would be better handled as a subsidy program and raised drafting concerns about unclear definitions and eligibility. Later, the committees agreed to pass SB 376 with amendments, including making the credit nonrefundable, clarifying third-party certification, deleting recapture-related language, and making technical changes. Members then heard SB 417, which would make unlicensed contractor work during or within five years after an emergency or disaster a class B felony. The Contractors License Board was listed for comments, and the Subcontractors Association supported the measure. The committees ultimately recommended passage with technical, non-substantive amendments and an adjusted effective date, and the measure was adopted. A substantial portion of the meeting focused on SB 782, which would require free and accessible voice communication services for incarcerated people and prohibit state agencies from profiting from those services, while also directing the PUC to set standards and providing funding for the SAVIN victim notification program. Supporters, including the Public Defender, ACLU of Hawaiʻi, Worth Rises, and others, argued the bill would reduce costs for families, improve reentry, and align adult corrections with the juvenile system. Opponents, including the Department of Corrections and Rehabilitation, the Hawaiʻi Paroling Authority, and SAVIN-related witnesses, warned that changing the funding structure could weaken victim notification and safety services. The committees deferred SB 782. The committee also heard SB 999 on fireworks, which would repeal permissible consumer fireworks uses, impose civil penalties and forfeiture remedies, and create a forfeiture special fund for safety education. The Department of Law Enforcement and Honolulu Police Department supported the bill, while fireworks industry representatives and others opposed it, arguing prohibition would be ineffective and urging stronger enforcement and education instead. The committees deferred SB 999 for further consideration, and SB 1136 on insurance was also deferred after insurers and the Department of Commerce and Consumer Affairs opposed it. In the later joint session with the Committee on Economic Development and Tourism, SB 744 on condominium loans was heard with support from the Hawaii Green Infrastructure Authority and banking groups, while one testifier raised concerns that the program could function like C-PACE financing and add risky debt to condominium associations; testimony and discussion continued on that measure.

Transcript Highlights:

• But this beginning on January 2026, have you had conversations with the county affiliates or others about
• But this beginning on January 2026, have you had conversations with the county affiliates or others about
• will allow for, in this amendment, us to access those monies, freeze those dollars at the end of January
• Dollars in January 1st of that year so that we, if they don't have any encumbrances and they have no,
• responsibility, but I've also seen projects that are important to local communities get pushed off 10, 12

Keywords: 996, all

Transcript Highlights:

• It started in January 2024. By November of 2024, we voted to move those proposals into CR-102.
• Our target is to be finished with completed filings in January of 2026, which is...
• The intent there is to get it done by the end of January so it can be included in the published versions
• I've been on the City Council for 12 years and was involved in our city's Planning Commission before
• My understanding is that committee would get together in December, January, when there are starting to

Summary: The committee heard first from Ferndale city officials and a representative of FutureWise on annexation planning. Ferndale described its “annexation blueprint” or phased annexation plan as a way to tie urban growth area planning, capital facilities, and eventual annexation together earlier in the process. Speakers argued that counties often allow incremental development in urban growth areas without city-level standards, impact fees, or coordinated infrastructure planning, which can leave cities and taxpayers with higher future costs and make annexation less likely. Members raised questions about fire districts, county revenue loss, and whether annexation incentives or interlocal revenue-sharing agreements could help. FutureWise supported requiring annexation phasing in countywide planning policies, using pre-annexation agreements, and applying city standards in urban growth areas to make annexation more predictable and less contentious. The committee then received a primer and update from the State Building Code Council (SBCC). Staff explained the council’s composition, standing committees, technical advisory groups, and rulemaking process, including normal, expedited, and emergency rulemaking. They described the ongoing 2024 code cycle and the separate work underway on Senate Bill 5491 and related legislation concerning single-stair residential buildings and multiplex housing. Members discussed how the legislature can better direct the SBCC, the difference between prescriptive and performance-based code approaches, and the importance of involving technical experts early. The SBCC also addressed concerns about the wildfire urban interface code, noting that problems arose when code language and maps were developed on different timelines and applied to urban areas in ways that were not anticipated. Several members asked about regional differences, especially energy code impacts in eastern Washington and the role of natural gas. SBCC representatives said the council can use climate zones and appendices for some regional variation, but statewide statutory targets still constrain the energy code. They emphasized that the council is largely reactive to legislative direction and public proposals, and that clearer legislative intent would help avoid ambiguity in future code development. No votes were taken during this portion of the meeting.

Transcript Highlights:

• :00.000> was<00:12:00.160> part<00:12:00.320> of<00:12:00.399> the<00:12:
• I was saying<00:12:03.040> for<00:12:03.200> the<00:12:03.279> last<00:12:03.440
• > five<00:12:03.680> years<00:12:04.720> um<00:12:04.880> in<00:12:05.120
• :05.839> space<00:12:06.160> and<00:12:06.320> been<00:12:06.399> a<00:12
• All right,<00:12:32.720> so<00:12:32.880> we<00:12:33.040> have<00:12:33.200>

Keywords: 1189, house, all

Summary: The commission met on November 12 and first approved the September 17 and October 15 draft minutes unanimously after brief discussion. Members also identified themselves for the record, including a new member from Bumpsk Bank, a staff attorney from the Secretary of State’s Bureau of Securities Regulation, a prior crypto commission participant, and a uniform law commissioner involved in tokenization projects. The main presentation was by UNH law professor Seth Orinberg, who discussed the federal GENIUS Act and the pending Clarity Act and how they affect New Hampshire’s options in the digital asset space. He described the GENIUS Act as governing payment stablecoins/stable tokens, defining them as blockchain-based assets used primarily for payments, redeemable for a fixed amount of national currency, and required to maintain stable value. He said the law creates three possible state roles: hosting federally qualified issuers, becoming a state qualifier for issuers up to a $10 billion threshold, or exploring state-backed issuance as a sovereign. He noted that the state-qualification path would require conforming legislation, examination capacity, and coordination with Treasury, while the sovereign-issuer theory is legally uncertain and may become a test case. Orinberg also outlined the core compliance framework he said applies to covered issuers: 100% reserve backing in high-quality liquid assets, monthly public reserve reporting, no yield or interest-like rewards, segregation of reserve assets, immediate redemption at face value, and anti-money-laundering/know-your-customer obligations. He then turned to the Clarity Act, describing it as a broader market-structure bill that would create categories such as digital asset, digital commodity, digital security, and ancillary asset, with self-certification procedures for issuers. He said the two federal laws together would separate payments from investments, preempt inconsistent state standards for covered payment stablecoins, and likely reshape the boundaries of state authority over digital assets.

Transcript Highlights:

• , and friends<00:12:28.880> who<00:12:29.120> were<00:12:29.279> like<00:12:29.519
• >> What<00:12:31.920> purpose<00:12:32.160> does<00:12:32.399> the<00:12:32.560
• purpose does the gentleman from North<00:12:33.519> Carolina<00:12:33.920> seek<00:12:
• >> Mr.<00:12:35.279> Speaker,<00:12:35.519> I<00:12:35.680> ask<00:12:36.000
• Speaker, I ask unanimous consent to address<00:12:37.519> the<00:12:37.680> House<00:12

Keywords: U.S. House of Representatives Floor Proceedings on Thursday, April 30, 2026, 1012, house, all