Transcript Highlights:

• Uh, just think of the technology as the ledgering and recordation of the underlying liability for that
• I mean, it's just a different way of ledgering that asset, that liability for the bank.
• that asset, different way of ledgering that asset, uh<01:47:05.720> that<01:47:05.920> liability
• uh that liability uh that liability uh<01:47:07.200> for<01:47:07.400> the<01:47:07.520

Keywords: 1189, house, all

Summary: The meeting opened with roll call, confirmation of a quorum, and approval of the April 6 and May 4 minutes, with minor corrections noted to the May minutes. The main presentation came from JD of Link Network, introduced by Dan Cohen, who described Link’s work with crypto.com and other market participants on tokenized money market funds and real-time settlement for institutional clients. JD gave a detailed history of his earlier work developing the Arca U.S. Treasury Fund and ArCoin, emphasizing that the project was built within existing SEC and 1940 Act frameworks and was intended to use blockchain technology for a traditional asset rather than create a crypto product. He said the effort involved years of discussions with the SEC, multiple custodians, and partners such as U.S. Bank, T-Zero Securities, and Tassat, and that the model eventually led to Link’s settlement system. He highlighted concerns that shaped the design, including regulatory compliance, privacy for institutional users, and the need to bridge traditional banking hours with 24/7 digital asset markets. The presentation also described Link’s features, including segregated and bankruptcy-remote fund structures, tokenized deposit and treasury fund settlement, and “yield in transit,” which allows interest to accrue and be distributed daily down to a two-second block. JD said the platform is being expanded for use cases such as exchange liquidity, cross-border capital movement, off-exchange collateral, stablecoin bridging, treasury management, and peer-to-peer settlement. He closed by posing policy questions for the commission about the use cases for stablecoins versus tokenized money market funds in New Hampshire and whether the state could issue or administer a security-based program with appropriate compliance controls.

Transcript Highlights:

• Uh, you know, it's a liability issue.
• Uh, you know, it's a liability<01:48:56.040> issue.
• 56.720> it's<01:48:56.880> not<01:48:57.160> clear<01:48:57.480> who's liability
• If it's not clear who's liability issue.
• And those challenges are things like long-duration liabilities, uncertainty around the cost of health

Keywords: 1191, senate, all

Transcript Highlights:

• It limits the long-term financial liabilities created by the bill, which would alleviate the concerns
• The bonds, notes, and other obligations of an authority are not debts, liabilities, or obligations of
• obligations of an authority are not obligations of an authority are not debts,<03:10:06.240> liabilities
• ,<03:10:06.880> or<03:10:07.000> obligations<03:10:07.600> of debts, liabilities
• , or obligations of debts, liabilities, or obligations of the<03:10:07.840> contracting<03:10:

Keywords: 981, all

Transcript Highlights:

• It would certainly be an additional liability.
• small number of people in the state that it would benefit from this, it should not be a significant liability
• :33.920> those<01:47:34.760> those<01:47:35.480> unfunded<01:47:36.040> liabilities
• initial those those unfunded liabilities initial those those unfunded liabilities would<01:47:36.880

Keywords: 918, senate, all

Summary: The Legislative Commission on Pensions and Retirement met on April 14, 2026, adopted the April 7 minutes, and then took up Senate File 4464, which the chair said would be laid over after hearing testimony. The bill would restore continued health insurance coverage for police officers and firefighters in the PERA Police and Fire Fund who suffer documented physical duty-related injuries, addressing the current 5-year cap and the loss of coverage at normal retirement eligibility. Senator Hal Hoffman and Senator Hoffman’s testimony emphasized that the bill is a narrow fix for injured public safety workers and not a broader restructuring of retirement benefits. Supporters, including Mike Ladue of Law Enforcement Labor Services, several injured officers, Sheriff Ryan Kruger, and Amber Waldner, described the personal and family impacts of severe line-of-duty injuries and argued that coverage should continue to age 65 so families are not left with uncertainty if injuries worsen or force medical retirement. They said the bill would honor the promise made to public safety workers and provide stability for long-term care needs. One witness, Officer Albert, said the 2025 changes significantly reduced the protection he believed he and his family would have if his injury forced retirement. Anne Finn of the League of Minnesota Cities opposed the bill as drafted, warning that restoring coverage to age 65 for all physical injuries would be fiscally unsustainable without additional state funding. She said the 2025 pension changes were part of a negotiated package, noted that duty disability retirements are common, and argued the employer cost could reach about $500,000 per employee and create significant property tax pressure, especially for smaller communities. She urged the committee to work on a broader solution and said revisiting only one part of the 2025 law would create imbalance.

Transcript Highlights:

• government center and the co-mingling that happened then, when they were subsidizing property and liability
• You need to book an additional liability for that. That is not the case for us.
• You need to book book<01:30:15.040> an<01:30:15.280> additional<01:30:15.520> liability
• book an additional liability for that. book an additional liability for that.

Keywords: 928, house, all

Summary: The subcommittee continued work on Senate Bill 297 and a new amendment dealing with pooled risk management programs and whether they should be regulated under the insurance department. Lisa Duket, executive director of SchoolCare, testified at length that the draft language could allow co-mingling of public entity risk funds, could trigger producer-licensing requirements for staff who are not actually brokers, and may not fit public entity risk pools because they are not insurance companies. She also raised concerns about the March 1 reporting deadline, the proposed uniform accounting language, aggregate excess insurance, examination costs being charged to the program, and confidentiality provisions that she argued may conflict with right-to-know principles for public entities. She urged the committee to slow down and consider a study committee or more time for review, saying the regulated entities were not adequately involved in drafting the proposal. Chairman Hunt and the department responded that the bill is intended to create a licensure-based regulatory model, similar to other licensed industries, and that the pooled risk management program would be exempt from producer licensing while anyone else selling or negotiating such coverage would need a producer license. The department said failure to comply would be handled through an administrative licensing process, with denial or nonrenewal of a license and appeal through the department process. On the reporting deadline, the department said March 1 is a standard filing date used for financial analysis and that the filing can be the most recent annual report, regardless of fiscal year end. They also explained that the confidentiality language was taken from existing RSA 5B, that aggregate excess insurance was included as a solvency measure, and that the draft was intended to preserve familiar language while adapting it for pooled risk programs. The discussion did not include a final vote or formal action on the bill in the portion provided. The committee appeared to be compiling follow-up questions for the insurance department and considering whether additional revisions or a slower process would be needed before moving the bill forward.

Transcript Highlights:

• We're also supportive of, of course, because there are always liability concerns when businesses have
• We're also supportive of, of course, because there are always liability concerns when businesses have
• of of course because there<02:03:27.679> are<02:03:27.840> always<02:03:28.080> liability
• <02:03:28.719> concerns<02:03:29.280> when there are always liability concerns when
• there are always liability concerns when businesses<02:03:30.320> have<02:03:30.480> to

Keywords: 1191, senate, all

Transcript Highlights:

• that better trained security personnel lead to reduced incidents, improve public safety, and fewer liabilities
• that better trained security personnel lead to reduced incidents, improve public safety, and fewer liabilities
• Safety reduced incidents improve Public Safety and<01:48:47.800> fewer<01:48:48.199> liabilities
• <01:48:48.840> for and fewer liabilities for and fewer liabilities for employees<01:48:50.679

Bills: HF1082, HF1042, HF1295, HF1686, HF1998, HF1775, HF1163

Keywords: public safety, law enforcement, mental health, domestic violence, appropriations, criminal justice, Minnesota corrections, victim services, task force, personal safety, Independent Use of Force Investigations Unit, criminal sexual conduct, sexual assault, peace officers, law enforcement oversight, Minnesota National Guard, U.S. armed forces, military installation, armory, air base

Transcript Highlights:

• >> There are two distinct limited liability companies owned by a holding company. >> So they are in fact
• 58:44.080> two<01:58:44.320> distinct<01:58:44.639> limited<01:58:45.040> liability
• >> There are two distinct limited liability >> There are two distinct limited liability
• And then tax, it will refer to financial liability required to be paid by the gaming operators, excluding
• And then tax, it will refer to financial liability required to be paid by the gaming operators, excluding

Keywords: 916, all

Transcript Highlights:

• We have costs much the same as CRS homes, such as licensing fees, training, liability, and more.
• We have costs much the same as CRS homes, such as licensing fees, training, liability, and more.
• against of savings that are put directly against $178<03:17:13.120> million<03:17:13.680> liability
• c> if<03:17:14.600> I<03:17:14.640> have<03:17:14.760> one $178 million liability
• and if I have one $178 million liability and if I have one thing<03:17:15.120> to<03:17:15.240

Keywords: 1187, senate, all

Transcript Highlights:

• percentage of compensation to amortize the employee leave retirement system unfunded actual accrued liability
• percentage of compensation to amortize the employee leave retirement system unfunded actual accrued liability
• percentage of compensation to amortize the employee leave retirement system unfunded actual accrued liability
• percentage of compensation to amortize the employee leave retirement system unfunded actual accrued liability
• percentage of compensation to amortize the employee leave retirement system unfunded actual accrued liability

Bills: HB1890, HB1888, HB1676

Keywords: teacher pay, teacher salaries, salary step increase, annual increment, longevity step, public school teachers, public charter school teachers, collective bargaining, Hawaii Department of Education, teacher retention, teacher recruitment, cost of living, educator compensation, public employee bargaining, appropriation, salary schedule, school staffing, teacher shortage, HB1888, Hawaii

Summary: The committees heard three measures, beginning with HB 1890 HD3, which would provide automatic step increases and a COVID-era retention bonus for teachers. Supporters included HSTA, the Democratic Party’s Education Caucus, and a student who said higher pay and predictable salary growth would help retain teachers in Hawaii. The Department of Education supported the intent but asked that the bill be expanded to cover all department employees. The Attorney General’s office said the draft needed clarification to avoid conflict with Chapter 89 and to make clear any funding was subject to legislative appropriation. The Office of the Public Defender and B&F testified in opposition, and committee members questioned whether the step increases were already in the current contract and whether the bill was needed. HSTA said the current contract includes automatic step increases subject to funding, but argued the bill was still needed because funding is not guaranteed and the measure would codify the policy. HSTA also said the COVID bonus would apply only to active teachers who worked during the pandemic and estimated the total cost at roughly $150 million to $200 million over four years. No vote was taken in the portion provided. The committee then took up HB 1888 HD3, which would require DOE and charter schools to report harassment incidents and strengthen penalties for harassment of educational workers from a petty misdemeanor to a misdemeanor. DOE supported the bill and suggested narrowing language about assisting workers with temporary restraining orders, saying that function would be better handled through the Attorney General’s pilot program. The Office of the Public Defender opposed the bill, arguing the harassment language was overly broad, vague, and potentially unconstitutional, and that existing assault and terroristic threatening statutes already protect educational workers. HSTA, the State Commission on the Status of Women, and several individual testifiers supported the measure, describing increased intimidation and harassment of teachers and other school staff, especially since COVID. The Special Education Advisory Council opposed the bill’s language on “disrupting and interfering” with school functions, saying it could chill parents of students with IEPs from advocating for their children. Testimony was split, with the chair noting 20 in support and 16 in opposition in the portion shown. A final witness, Michelle Pestana, testified in opposition based on her family’s experience with special education services, describing alleged seclusion and restraint of her daughter and expressing concern that DOE testimony in prior hearings had targeted special education parents. Her remarks were cut off as time expired. The transcript ends before any committee action or vote on HB 1888 was taken.

Transcript Highlights:

• law allows for uh someone to decide to use spruce pine fur south instead, then who's taking the liability
• law allows for uh someone to decide to use spruce pine fur south instead, then who's taking the liability
• law allows for uh someone to decide to use spruce pine fur south instead, then who's taking the liability
• :00:28.880> the south instead, then who's taking the south instead, then who's taking the liability
• for using that weaker liability for using that weaker material?

Keywords: 1191, senate, all

Transcript Highlights:

• stood for 40 years because they protect artifacts and protect the oil and gas companies from the liability
• /c><00:34:57.280> of<00:34:57.720> unknowingly<00:34:58.240> destroying the liability
• of unknowingly destroying the liability of unknowingly destroying Irreplaceable<00:34:59.520> pieces
• It provides consistency to businesses and protects oil and gas companies from that liability.
• It provides consistency to businesses and protects oil and gas companies from that liability.

Keywords: U.S. House of Representatives Floor Proceedings on Thursday, March 6, 2025, 1012, house, all

Transcript Highlights:

• state as opposed to against particular officers, a similar thing because the basis of the theory of liability
• There is no balance between the services that can be denied, and there's no liability protecting—there's
• There is no balance between the services that can be denied, and there's no liability protecting—there's
• ><04:01:28.000> and<04:01:28.279> there's<04:01:28.560> no<04:01:29.239> liability
• <04:01:30.239> uh be denied and there's no liability uh be denied and there's no liability

Keywords: 928, house, all

Summary: The House Judiciary Committee met in executive session and first took up HB 148, which would allow classification by biological sex in limited circumstances such as multi-use bathrooms, certain athletic events, and involuntary commitment facilities. Supporters argued the bill was needed to protect privacy and safety, especially for women and girls, and said it was consistent with recent federal actions and prior legislation. Opponents said the bill lacked a clear definition of biological sex, could create confusion and discrimination, and was unnecessary because existing law and sports rules already address the issues raised. After debate, the committee voted 10-8 to recommend ought to pass on HB 148. The chair asked for a majority report and noted that a minority report would likely be filed. The committee then considered HB 254, a bill related to end-of-life medical decision-making. Supporters framed it as a matter of liberty and relief from suffering for terminally ill patients, while opponents raised moral objections, concerns about suicide being normalized, and worries about deceptive wording and death-certificate reporting. HB 254 was approved on an 11-7 vote for ought to pass, with the chair indicating he would write the majority report and Representative Perez the minority report. The committee then moved to HB 611 with Amendment 2025-0638, a replace-all amendment restoring prior law on recoupment of appointed-counsel costs from indigent criminal defendants and juveniles. The chair explained the amendment as reversing 2020 changes that had limited cost recovery, and the discussion focused on financial affidavits and the Office of Cost Containment’s ability to review indigency claims. The transcript cuts off before the committee vote on HB 611.

Bills: SCR56, SCR79, SCR85, SCR120, SCR129, SCR181, SCR63, SCR112, SCR194, SCR195, SCR196, HB202, HB963, HB1050, HB1511, HB1546, HB1550, HB1553, HB1643, HB1656, HB1658, HB1664, HB1667, HB1682, HB1700, HB1721, HB1810, HB1823, HB1824, HB1878, HB1969, HB2005, HB2078, HB2152, HB2246, HB2270, HB2279, HB2289, HB2385, HB2417, HB2429, HB2503, HB2599, SB253, SB847, SB1142, SB1432, SB2043, SB2050, SB2074, SB2102, SB2135, SB2138, SB2140, SB2320, SB2340, SB2386, SB2396, SB2397, SB2398, SB2433, SB2446, SB2521, SB2544, SB2567, SB2578, SB2580, SB2595, SB2601, SB2645, SB2673, SB2706, SB2727, SB2802, SB2852, SB2892, SB2929, SB2972, SB3007, SB3069, SB3073, SB3076, SB3136, SB3138, SB3157, SB3204, SB3234, SB3247, SB3302, SB3324, SB3325, HB1815, HB2592, HCR32

Keywords: lifeguards, first responders, public safety, ocean safety, emergency response, community wellbeing, invasive species, octocoral, Pearl Harbor, environment, Navy responsibility, marine ecosystem, ecosystem preservation, shoreline maintenance, civil service, classification review, compensation systems, labor shortage, employee retention, department collaboration

Transcript Highlights:

• a microbiome transfer could have helped him respond to immunotherapy, but fear of regulation and liability
• What are the potential liabilities that that situation raises?
• :49:43.440> are<05:49:43.600> the<05:49:43.760> potential<05:49:44.160> liabilities
• <05:49:45.520> that What are the potential liabilities that What are the potential liabilities

Keywords: 1189, house, all

Transcript Highlights:

• mandatory minimum of 10 years for a mandatory minimum of 10 years for a strict<01:56:58.480> liability
• crime,<01:56:59.760> meaning<01:57:00.080> that<01:57:00.320> it strict liability
• crime, meaning that it strict liability crime, meaning that it requires<01:57:01.520> no<01:57
• prosecuting someone without having any intention of harming at all the person who has died, a strict liability
• liability liability crime<02:02:53.840> without<02:02:54.400> a<02:02:54.639> judge

Keywords: 1189, house, all

Transcript Highlights:

• sell that license and it had value, but now you have to buy the entire business, both assets and liabilities
• So when a business is sold, all the assets and liabilities go to the new... yeah, that's just common
• Most of the time, you want to buy the assets, not the liabilities, so usually just buy the equipment
• because you don't want to buy any unforeseen liabilities.
• But it stops you from just buying the... yes, but in this instance you have to buy the liabilities.

Keywords: 1189, house, all

Summary: The public hearing opened on HB 728-FN, which would authorize video lottery terminals at charity gaming facilities and repeal historic horse racing licensing. Representative Om explained that the bill would convert the current historic horse racing terminals into true video lottery terminals/slot machines and change the revenue split, reducing the operator share from 75% to 70% while increasing the state share from 25% to 30%. He also noted the bill would increase the amount going to charities and other state beneficiaries. Former State Rep. Pat Brammy, who had served on the Charitable Gaming Study Commission, testified in support of the bill’s basic structure. He said a consultant’s report found historic racing machines cost facilities 12% to 18% more to operate because of totalizer and track-related fees, and that slot machines would be cheaper because there are more manufacturers and more competition. He argued that although the operator share drops by 5%, facilities could still benefit from lower operating costs, and he said the commission concluded that moving to slot machines would increase revenues to facilities, charities, and the state. He also said the bill would create a more stable stream of funding for problem gambling, since the current HHR “breakage” funding mechanism is limited and dependent on a single vendor. Brammy also discussed the commission’s concerns about market concentration in HHR machines, saying the commission found the market was dominated by only a few manufacturers and recommended legislation to address that issue under Article 83 of the state constitution. He interpreted the bill as allowing a phase-in of slot machines upon passage, with the remaining HHR provisions phasing out by January 1, 2028, and said facilities would likely transition as leases expire. Committee members asked about HHR contracts, machine programming, testing, and whether removing HHR would reduce competition; Brammy said he believed leases were likely short-term, machines are tested by a lab, and the legislature could decide whether the change is appropriate. No vote or final action was taken at the hearing.

Transcript Highlights:

• /c><04:11:25.000> a<04:11:25.040> $2<04:11:25.319> million<04:11:25.880> liability
• <04:11:26.439> if<04:11:26.560> the could have a $2 million liability if the could
• have a $2 million liability if the federal<04:11:27.040> government<04:11:27.399> doesn't
• 35.638> potential commenting on the state's potential commenting on the state's potential liability
• in any situation but you know liability in any situation but you know every<07:08:39.320> Grant

Keywords: 928, house, all

Summary: The committee heard an overview from the Agriculture Commissioner on the department’s major divisions and staffing. He described the Office of the Commissioner, Agricultural Development, Pesticides, Regulatory Services, Weights and Measures, Animal Industry, Plant Industry, and Soil Conservation, noting that many programs are federally funded or supported by dedicated fees and fines. He said the department has 44 full-time positions plus one DoIT employee shared with other agencies, and that HR services are now contracted through Administrative Services. He also explained that Soil Conservation is administratively attached to the department and funded through Moose Plate grants and county contributions, not direct state funding. Members asked about specific program functions and issues, including weights and measures inspections, animal health, bird flu response, internships, invasive species, and the Big E/New Hampshire building. The commissioner said weights and measures covers nearly all commercial measuring devices and products sold by weight, and that inspectors are currently part-time police officers, though the department is discussing removing that requirement. He said the department is actively involved in bird flu monitoring, including regular calls with USDA and the state veterinarian and collecting milk samples from dairy farms. On invasive species, he focused on Japanese knotweed and bittersweet, saying the department has only one staff person working on the issue, mainly as a coordinator with DOT and towns, and that eradication is extremely difficult. He also said the department does not run student internships and refers inquiries to UNH Cooperative Extension. The committee discussed budget and revenue issues, including three new general fund positions, one of which is the assistant commissioner and another a biological scientist for invasive species. The commissioner said the department had been in “triage mode,” that an assistant commissioner was needed because of workload, and that the department is a net positive to the General Fund each year. He said some fees and fines have not been updated in decades and would require legislation to change, including a proposed $5 fee for each animal database certificate to help fund a system that costs about $250,000 annually to maintain. In response to questions about budget reductions, he said the department protected personnel, reduced the cost-of-care fund, fair grants, and land preservation funding to about $25,000 each, and did not plan to buy new vehicles or computers. He also said he could not support including the $50,000 Conservation District resilience grant program in his budget under the current reduction targets, though he remained hopeful it might be funded another way.

Transcript Highlights:

• According to that law, that adult has to take liability and responsibility for that operator.
• There's too much liability. They do not do it.
• <00:59:05.680> and<00:59:05.920> responsibility<00:59:06.680> for take liability
• and responsibility for take liability and responsibility for that<00:59:07.160> operator<00:59
• they do not do it the Marin is liability they do not do it the Marin is have<01:00:38.240> total<

Keywords: 928, house, all

Summary: The committee first discussed scheduling and notice for upcoming executive sessions on a larger slate of bills, including plans to take up eight bills in the morning and possibly the last three bills in the afternoon, with caucus time provided if needed. The chair emphasized advance notice, publication, and flexibility if more bills are added later. The hearing then opened with the Pledge of Allegiance and proceeded to HB 568, a bill allowing local planning boards to request water supply studies for subdivisions to ensure water adequacy as housing density increases. Representative Kat McGee, the prime sponsor, said HB 568 was developed after constituent concerns about private wells being affected by nearby development. She described the bill as narrowly tailored, non-mandatory, and intended to preserve local control while clarifying that planning boards may request studies under local regulations. She noted bipartisan support, an exclusion for community water systems and larger groundwater withdrawals regulated elsewhere, and said the bill would help prevent water shortages and related problems for new and existing homes. Questions from members focused on whether the bill should specify that it applies to subdivisions of four or more lots, since that language had been in an earlier version. Testimony on HB 568 was mixed. Bob Quinn of the New Hampshire Association of Realtors opposed the bill, arguing it lacked a definition of “water supply study,” could lead to expensive hydrology studies, and might raise housing costs; he suggested more work with DES or a study committee. DES administrator Brandon Kernin said the department had worked from a 2010 groundwater commission report, that such problems arise only intermittently in certain areas, and that the bill would make explicit local authority to adopt such ordinances. He also said DES data and homeowner surveys can help identify problem areas and that more robust wells could be considered in the long term. The committee noted 10 online submissions in favor and 3 opposed, plus blue-sheet testimony of 2 in favor and 1 neutral, and then closed the hearing on HB 568. The committee immediately opened HB 582, a bill on safety requirements for operation of personal watercraft. Representative Darby, the sponsor, said the bill responds to the speed and maneuverability of modern personal watercraft, which he described as more like motorcycles on water than traditional boats, and cited a fatal accident on Lake Monomonac as an example of the risks. He said the bill is not intended to restrict ordinary recreation or wake surfing, but to update safety standards for a newer class of larger, quieter three-person PWCs. The hearing began with Darby’s presentation, and no vote or final action was taken in the portion provided.

Transcript Highlights:

• The threat of severe penalties and criminal liability would discourage banks from operating in New Hampshire
• If there was a way forward on that, I still think a major issue is the access liability exposure for
• If there was a way forward on that, I still think a major issue is the access liability exposure for
• If there was a way forward on that, I still think a major issue is the access liability exposure for
• If there was a way forward on that, I still think a major issue is the access liability exposure for

Keywords: 1189, house, all