Video & Transcript Research : 'asset limits'

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

Louisiana 2026 Regular Session

House of Representatives Apr 14th, 2026

Louisiana House Floor Meeting

Bills: HR133, HR134, HR135, HR136, HR137, HR138, HR139, HR140, HR141, HR142, HR143, HR144, HR145, HR146, HR147, HR148, HR149, HR150, HR151, HR152, HR119, HR120, HR121, HR122, HR123, HR125, HR126, HR127, HR128, HR129, HR130, HR131, HR132, HCR53, HCR54, HCR55, HCR56, SCR3, SCR22, SB4, SB18, SB66, SB106, SB201, SB256, SB274, SB292, SB326, SB386, SB406, SB422, SB423, SB456, SB475, HCR3, HB1, HB3, HB27, HB71, HB214, HB225, HB241, HB244, HB306, HB312, HB313, HB314, HB345, HB366, HB383, HB446, HB473, HB511, HB514, HB655, HB730, HB743, HB836, HB983, HB1027, HB1037, HB1043, HB1082, HB1091, HB1096, HB1103, HB1126, HB1167, HB1174, HB1175, HB1230, HB1237, HB1238, SB162, SB349, SB350, SB382, SB383, HB76, HB132, HB181, HB210, HB250, HB265, HB275, HB291, HB322, HB342, HB475, HB486, HB616, HB635, HB639, HB690, HB740, HB757, HB761, HB774, HB808, HB855, HB872, HB883, HB886, HB903, HB949, HB962, HB996, HB1003, HB1036, HB1054, HB1071, HB1076, HB1078, HB1113, HB1132, HB1146, HB1232, HB1233, HB21, HB24, HB29, HB31, HB39, HB45, HB77, HB136, HB150, HB263, HB273, HB299, HB315, HB376, HB377, HB431, HB444, HB450, HB519, HB533, HB538, HB559, HB562, HB663, HB664, HB715, HB717, HB805, HB822, HB823, HB834, HB864, HB867, HB1017, HB1018, HB1068, HB1134, HB1137, HB1234, HB1235, HB1236, HB961, HB399, HB868, HB905, HB180, HB192, HB284, HB476, HB915, HB952, HB1006, HB401, HB51, HB58, HB140, HB982, HB1010, HB750, HB911, HB977, HB901, HR20, HR74, HB9, HB151, HB193, HB310, HB393, HB459, HB577, HB582, HB605, HB614, HB615, HB682, HB733, HB773
MA

Massachusetts 2025-2026 Regular Session

Joint Committee on Revenue Jun 21st, 2026 at 01:00 pm

Joint Committee on Revenue

Transcript Highlights:
  • We ask that speakers please limit their testimony to three minutes.
  • It's a mathematically scarce asset with a fixed supply of 21 million coins.
  • We're not abandoning our proven assets.
  • This bill delivers the tools, limits, and authority for prudent action.
  • investments in Bitcoin and other stable digital assets.
Keywords: 995, all
Summary: The Joint Committee on Revenue held a hearing on 25 tax and administrative bills, with opening remarks explaining the hearing process and noting that House-filed matters must be reported by December 6. The first major topic was funding for the Massachusetts Law Enforcement Memorial and related support for families of fallen officers. Police representatives, memorial fund advocates, and family members gave emotional testimony urging favorable action on S. 1934 and related bills, emphasizing the need for a permanent revenue stream to maintain the memorial and honor officers killed in the line of duty. Committee members and legislators responded with personal remarks of support and appreciation for law enforcement families. The committee then heard testimony on a proposed Commonwealth Bitcoin Strategic Reserve, including S. 1967 and related bills. Senator Peter Durant and later Dennis Porter argued that the state should be allowed to invest a limited share of stabilization or other funds in Bitcoin or other regulated digital assets as a hedge against inflation and fiscal risk, with strict caps, custody rules, and audits. They described the proposal as a forward-looking, non-mandatory framework for diversifying state reserves. No vote was taken during the hearing. Another major topic was disaster resilience funding. Dr. Paul Biddinger of Mass General Brigham supported S. 1936/H. 3030, saying climate-driven flooding, drought, and wildfire risks are increasing and that the State Disaster Relief and Resiliency Trust Fund needs a dedicated revenue source. Senator Comerford also testified in favor, explaining that the fund was created in the prior session, that recent floods showed the need for quick state response, and that the bill would dedicate a portion of capital gains revenue to the fund. Committee members asked about how the fund would accrue and be used. The committee also heard testimony on PILOT and endowment-related bills: AICUM opposed H. 3122/S. 2013 and H. 3264/S. 2016, arguing that an endowment tax and mandatory PILOTs would harm private nonprofit colleges, students, and research; and a representative from Peru supported reform of PILOT formulas for state-owned land, saying rural towns need higher reimbursements and hold-harmless protections. The hearing concluded after testimony on the digital asset bills, with no recorded votes or final actions.
CA

California 2025-2026 Regular Session

Assembly Budget Committee Jun 29th, 2026

Transcript Highlights:
  • Thank you so much. elimination of food scope, medical for humanitarian immigrants, the $2,000 asset limits
  • We appreciate all the work on the Medi-Cal asset limit and rejecting that $2,000 limit, and we look forward
  • rejected, as the Legislature is exploring alternatives in the future in terms of the asset limit so
  • Thank you. ...in the future in terms of the asset limit so that we can ensure some kind of regularity
  • rejected, as the Legislature is exploring alternatives in the future in terms of the asset limit so
Summary: The Assembly Budget Committee met to consider the final three-party agreement for the 2026-27 state budget and 19 implementing bills, including two budget bill juniors and 17 trailer bills. Committee leadership and administration officials described the budget as a balanced plan that reduces out-year structural deficits, maintains large reserves, and makes major investments in health care, education, housing, child care, public safety, and other core services while also responding to expected federal cuts and fiscal uncertainty. The Department of Finance outlined the package’s major components, including Medi-Cal adjustments, education funding increases, higher education changes, child care and human services updates, housing and homelessness funding, energy and transportation provisions, and tax and general government changes. Members asked questions about several provisions, including CSU enrollment targets and turnaround plans, the Prop. 98 settle-up mechanism, the plastics market development payment program, housing accountability measures, NextGen 9-1-1 implementation, and veteran services. Staff and administration witnesses explained that the higher education language is intended to improve campus-by-campus reporting and oversight, that Prop. 98 settle-up would be finalized later through the statutory certification process, and that NextGen 9-1-1 now includes one-time funding, quarterly reporting, an independent technical review, and a state audit. Members also discussed the HAP homelessness funding increase to $900 million and the balance between accountability and timely distribution of funds. The most extended exchange centered on comparisons between funding for veterans and Medi-Cal/immigrant health coverage. Republican members argued the budget spends far more on undocumented immigrant services than on veterans, while Democratic members and Finance staff responded that the comparison was misleading because many veterans’ services are federally funded and the state budget also includes dedicated veteran support. The chair and other members emphasized that the budget reflects difficult tradeoffs and that the package protects vulnerable populations, preserves health care access, and advances affordability. No final vote was described in the excerpt, but members indicated support for the overall package and said they would support it on the floor.
NH
Transcript Highlights:
  • Asset. Asset.
  • Digital Asset affairs for Digital Asset.
  • Assets.
  • assets are moving.
  • <01:20:40.560> timebased<01:20:41.120> limit So that kind of limit timebased limit
Keywords: 1189, house, all
Summary: The meeting began with roll call and approval of the prior meeting minutes, which passed unanimously. Members then introduced the day’s presentations, including one on the Canton network and another on tokenizing real-world assets, with a focus on how blockchain systems can support regulated financial institutions and asset tokenization. Julie, the director of policy and government affairs at Digital Asset, presented on the Canton network, describing it as a privacy-enabled public blockchain designed for regulated finance. She said tokenization should preserve the same legal and economic rights as the underlying asset, and argued that blockchain-based books and records can shorten settlement times, improve 24/7 trading, and reduce friction in capital markets. She identified three main barriers to institutional adoption of public blockchains: lack of privacy, limited throughput/scalability, and lack of control for compliance purposes such as freezing assets, pausing transactions, and meeting AML/sanctions obligations. She explained Canton’s structure as a public, permissionless network with application-level privacy controls, a global synchronizer, and super validators chosen by vote. She also highlighted current ecosystem participants and use cases, including Broadridge, Circle, and the DTCC’s planned tokenization of U.S. Treasuries on the network. Members and online participants asked about the relationship between tokenized assets and the Clarity Act, tokenized deposits, safeguards for faster settlement, and whether the platform could be used for municipal or property records. Julie said Digital Asset was not taking a position on rewards, but supported clearer statutory definitions because tokenized securities should carry the same rights as the underlying assets and investors need to know whether a token is a true tokenized security or a synthetic/reference token. She said the company is agnostic on whether the cash leg is stablecoins or tokenized deposits, though it expects both to develop. In response to concerns about rapid settlement, she pointed to institution-level permissions and SEC disclosure expectations as safeguards. She also said the technology could be used for other records, including potentially property-related records, if those assets can be tokenized.
WA

Washington 2025-2026 Regular Session

Select Committee on Pension Policy May 19th, 2026 at 10:00 am

Select Committee on Pension Policy

Transcript Highlights:
  • It must be limited to the limited purpose of the executive session. And then quorum action.
  • The new plan is funded through a transfer of Left 1 assets.
  • The next provision addresses transferring of Left 1 assets.
  • The bill directs the transfer of Left 1 assets to the RLF and PSHA.
  • The current limit is $84,000.
Keywords: 904, all
Summary: The Select Committee on Pension Policy approved its minutes by roll call vote, then postponed an OSA annual update due to a family emergency. The committee received an Open Public Meetings Act refresher from Assistant Attorney General Kate Adams, who reviewed key compliance points including quorum and serial meetings, notice and agenda rules, executive session limits, public comment requirements, and the consequences of violations. She also noted a litigation hold notice sent to members and provided resources for further guidance. Staff then briefed the committee on E2 Second Substitute House Bill 2034, which restates and terminates LEOFF 1 on June 30, 2029, creates a restated LEOFF 1 funded by transferred assets, and places excess assets into a pension surplus holding account that could later be used by the state. The bill requires DRS to seek IRS guidance, directs OSA to calculate the transfer amount and assess any future unfunded liability, assigns implementation duties to DRS, OSA, the Pension Funding Council, the State Investment Board, and the Treasurer, and requires two SCPP studies on LEOFF 1 medical benefits and policy oversight. OSA’s actuary estimated the transfer to the surplus holding account at about $3.9 billion under current assumptions and said the bill increases the modeled chance of future state contributions if the restated plan falls below 100% funded; members asked about IRS timing, the 2029 transfer date, and whether the 110% buffer is sufficient. The committee also received an update on the LEOFF 1 medical benefits study required by the bill. Staff said the study will examine the administration of pension boards and medical liabilities, likely focusing on medical benefits, and will gather anonymized data from local boards, cities, counties, and related agencies over the next three years. Members and public commenters discussed the number and structure of local boards, whether spouses receive medical benefits, and the possibility of regionalizing or consolidating administration. No action was taken, but staff said they would return with milestones and further updates. Finally, staff outlined a possible Plan 3 study, prompted by DRS, to evaluate whether the original goals of Plan 3 have been met after 30 years. The proposed study would review historical context, member choice outcomes, policy questions, and possible recommendations over a two-year period. The committee also heard an update on new correspondence procedures, including a new online web form, a correspondence log in meeting packets, and removal of correspondence from the public website. During public comment, retiree groups urged the committee to pursue an ongoing COLA for PERS and TRS Plan 1, with interim ad hoc COLAs until then, while LEOFF 1 retirees urged caution about changing the current board structure and emphasized the complexity of medical benefit administration.
WA

Washington 2025-2026 Regular Session

Pension Funding Council Oct 8th, 2025

Pension Funding Council

Transcript Highlights:
  • These measures don't reflect a pure market value of assets.
  • Instead, it's a smooth value, which helps limit volatility over time.
  • value of assets, like you mentioned.
  • Currently, premium revenue... ...invested in other asset classes like equities.
  • Currently, premium revenue is limited to a diversified fixed-income portfolio.
Summary: The Pension Funding Council met on October 8 with introductions from council members and staff, then received a detailed presentation from the Office of the State Actuary on long-term economic assumptions and the state pension systems’ financial condition. OSA reported that the combined pension systems are currently 100% funded on a smoothed basis, with open plans above 95% funded, and that legacy Plan 1 systems remain on a path toward full funding under current policy. The actuaries recommended updating assumptions to 3% inflation, 3.5% general salary growth, and a 7.25% investment return, while keeping Plan 1 membership growth at 1%. They also explained asset smoothing, the role of recent strong investment returns, and the expected budget impacts of the recommended changes. Representatives from the Economic and Revenue Forecast Council and the State Investment Board offered supporting perspectives, generally describing the assumptions as reasonable and consistent with their own outlooks. The council also heard an overview of the Long-Term Services and Supports Trust Program (WACares) from DSHS and OSA. Program staff described the program’s social insurance structure, premium collection, benefit eligibility, and upcoming implementation milestones. OSA reported that the program’s first actuarial valuation showed a positive actuarial balance under the base scenario and recommended no change to the current 0.58% premium rate during the program’s early learning phase, noting that future changes would depend on experience and the program’s risk-management framework. OSA also said the recommendation would remain the same regardless of the outcome of the pending ballot measure affecting investment options. During public comment, a representative of the Washington State School Retirees Association urged continued work on Plan 1 funding and related legislation, while the Association of Washington Cities cautioned against increasing pension assumptions in a way that could raise future employer costs and reduce flexibility for current local government services. In action, the council adopted a motion to maintain the current long-term economic assumptions by a 4-2 vote, adopted the recommendation to keep the WACares premium rate at 0.58% by a 6-0 vote, and then elected Katie Chapman as council chair by unanimous vote. The meeting then adjourned.
FL

Florida 2026 Regular Session

Governmental Oversight and Accountability Dec 2nd, 2025

Governmental Oversight and Accountability

Transcript Highlights:
  • in recurring funding to implement a department-wide fleet tracking solution to monitor its wheeled assets
  • Efficiency and safety by reducing drive time, limiting backtracking, and helping inspectors spend more
  • All these little blue dots here are tracked assets that we have in the department.
  • Over the last four years, we’ve replaced over 700 assets in our fleet.
  • The technology provides an accurate depiction of asset inventory.
Summary: The Committee on Government Oversight and Accountability met with a quorum and heard several presentations on state fleet management. The Department of Agriculture and Consumer Services described its new fleet tracking rollout using AT&T/GeoTab devices, funded with $804,000, to monitor vehicle location, fuel use, idle time, driver behavior, and maintenance needs in real time. Members asked about whether the system was unique to FDACS and whether it duplicated reporting to the Department of Management Services; the agency said it was still implementing the system and would follow up on those questions. The Florida Fish and Wildlife Conservation Commission presented on its large and diverse fleet, including more than 4,000 assets, and explained that it uses both the statewide FleetWave system and the Samsara telematics platform. FWC said FleetWave is used for monthly reporting and replacement tracking, while Samsara provides real-time location and diagnostics, reducing administrative burden and improving accountability. The Florida Department of Highway Safety and Motor Vehicles and Florida Highway Patrol then outlined their fleet operations, emphasizing that most assets support law enforcement, that multiple manual systems create data inaccuracies, and that they are seeking a $750,000 increase to modernize fleet management with telematics, automated receipt processing, and a centralized database to improve safety and efficiency. The committee also considered SPB 7010, which would authorize the Department of Financial Services and local governmental entities to allow post-tax Roth contributions in deferred compensation plans, in addition to existing pre-tax contributions. After a brief explanation, there was no debate or public testimony, and the committee voted to submit the bill as a committee bill. The roll call showed the measure was favorably reported, and the meeting then adjourned.
MN

Minnesota 2025 1st Special Session

Committee on Taxes - 01/23/25

Taxes

Transcript Highlights:
  • <00:03:33.799> by<00:03:33.959> its<00:03:34.200> tax limited by its tax limited
  • If my wife would die first, all the assets are in my name, the joint asset moves to me.
  • If my wife would die first, all the assets are in my name, the joint asset moves to me.
  • Here, here's all my assets.
  • Here, here's all my assets.
Keywords: 1187, senate, all
Summary: The committee first approved the prior day’s minutes, then heard Senate File 255, which would exempt American Legion and VFW buildings from property tax. The bill’s author and the American Legion Department of Minnesota testified that many posts are struggling financially, that the tax burden can threaten building ownership, and that the posts provide important community services such as charitable gambling support, youth sports, food insecurity assistance, suicide prevention training, and meeting space for veterans and local residents. Several members voiced support, and the bill was laid over for possible inclusion. The committee then took up Senate File 30, a proposal to allow Minnesota estate tax portability for married couples, so a deceased spouse’s unused $3 million exclusion could transfer to the surviving spouse, similar to federal law. The author said Minnesota is an outlier compared with other estate-tax states and that the bill would simplify planning and reduce tax burdens, especially for family farms and other illiquid assets. A CPA and a Minnesota Farm Bureau representative testified that the order of death should not determine tax liability and that portability would help keep family farms intact. The bill was laid over for possible inclusion. Next, the committee adopted an A1 amendment to Senate File 211 and heard the bill, which would create a Minnesota subtraction for Foreign Service pension income, treating it more like military pension income. The author said the change would cover a small number of retirees and would have a minimal fiscal impact, while the testifier described Foreign Service work and said the benefit would recognize their service. The bill, as amended, was laid over for possible inclusion. Finally, the committee heard Senate File 132, which would revise property tax language related to electric power systems by replacing references to attachments and impertinences with broader system-based language. The author said the bill would clarify tax treatment for power co-ops, restore the original intent of the law, and provide stability for Greater Minnesota, with an estimated property tax shift of a little over $700,000. Testimony was beginning when the transcript ended, and no vote on the bill was recorded in the excerpt.
MN

Minnesota 2025 1st Special Session

House Children and Families Finance and Policy Committee 1/21/25

Children and Families Finance and Policy

Transcript Highlights:
  • Chair and members, a homestead is excluded from the asset limit.
  • Chair and members, a homestead is excluded from the asset limit.
  • Chair and members, a homestead is excluded from the asset limit.
  • You talk about the asset limits, but is there income-specific information or income limits that go with
  • talk about the asset limits but is there talk about the asset limits but is there income<00:35:05.040
Keywords: 1183, house
Summary: The committee met for an introductory overview of its jurisdiction and budget, with the chair emphasizing the committee’s role over a large portfolio of children, youth, and family programs and the new Department of Children, Youth, and Families (DCYF). House Research and House Fiscal staff explained their roles and described the 2023-24 reorganization that transferred many programs from DHS, DPS, MDH, and MDE to DCYF, along with a statute recodification and a crosswalk resource for members. Doug Berg then walked through the committee’s budget structure, explaining the difference between all-funds and general fund views, the major funding sources, and how forecasted programs and grant bases roll forward. He highlighted that the committee’s general fund base is a little over $2.1 billion for the biennium, with large federal components such as SNAP and TANF, and noted smaller accounts including child protection-related opioid funds and federal reimbursement offsets (FFP) for administrative costs. Members asked several questions about federal financial participation, TANF, and the effect of the repeal of the Diversionary Work Program (DWP). Staff explained that FFP generally applies to administrative costs for federally related programs and usually does not change much unless program activity changes, while TANF is a block grant that has been stable for years. On DWP, staff said the program was sunsetted effective March 1, 2026, and that the associated funding and administrative costs were being reworked rather than simply removed. A member also asked about federal funding fluctuations; staff said no changes were currently factored in, though SNAP or other federal policy changes could alter future numbers. Danielle Penelli then presented on economic assistance and employment supports transferred to DCYF, focusing first on MFIP, Minnesota’s state-supervised, county-administered welfare program jointly funded by state and federal dollars. She explained that MFIP provides cash and food assistance, employment and training services, and related supports, with a 60-month time limit and certain exemptions for illness, incapacity, or other barriers to employment. She also described the program’s income and asset standards, including a $10,000 asset limit with exclusions for homesteads and one vehicle per assistance unit member age 16 or older. Members asked clarifying questions about how the time limit applies and what assets count, and staff responded that the limit applies to the caregiver and does not restart with additional children. Penelli also introduced support services grants, which fund employment services for MFIP, DWP, and SNAP participants through workforce centers, counties, tribes, and community agencies, and help cover some county and tribal administrative costs. She began outlining nutrition programs under DCYF, including SNAP, the Minnesota Food Assistance Program, the Minnesota Food Shelf Program, the Emergency Food Assistance Program, and the American Indian Food Sovereignty Program. No formal votes or bill actions were taken during this meeting; it was primarily an informational staff briefing and question-and-answer session.
NH
Transcript Highlights:
  • Yeah, within limits, of course.
  • In addition to the limitations that are in statute, there's also limitations on rulemaking authority
  • are<04:18:37.040> those that your target assets are are those that your target assets are
  • <04:20:42.640> asss<04:20:42.920> our our assets are how your assets asss our our assets
  • ratio is the Actuarial value of assets ratio is the Actuarial value of assets that's<04:33:02.560
Keywords: 928, house, all
Summary: The committee held an orientation for new and returning members of the House committee on agencies and administration, with introductions from members and staff. Chair Carol Maguire outlined her expectations for hearings: keep questions focused on the bill, be respectful to witnesses, and use the committee’s orientation opportunities to learn about the jail staff, retirement system, and Office of Professional Licensure. Members also discussed related assignments on other bodies, including the Joint Legislative Committee on Administrative Rules and the Joint Committee on Employee Classification, and noted that some members already serve on those panels. A substantial portion of the meeting focused on the State Building Code and the committee’s upcoming workload. Members explained how the state code is intended to provide a common baseline while allowing limited local options, and why municipalities must formally adopt and publish any local amendments. They reviewed several anticipated bills: a consolidation bill to gather building-code enforcement materials in one place, a bill to update the state energy code, a bill to restrict municipal adoption of building-code changes, and a bill to update the electrical code. Members also discussed how building codes apply to older homes and commercial buildings, and why code updates are important for safety and clarity. The chair said the committee had 36 bills currently scheduled, including many early bills that must move by March 6 because they will be heard by two committees. She said the committee would use subcommittees for harder bills, with three subcommittees this year: pensions, licensing, and likely state building code. She also outlined the hearing schedule, including lighter bills on February 12 and the expectation of executive sessions later in the month. No votes were taken during the orientation, but members were told that public hearings do not require a quorum and that hard copies of bills would be distributed by committee staff.
NH

New Hampshire 2025 Regular Session

House Judiciary (02/12/2025)

Transcript Highlights:
  • I'll stay out of it is it going to limit I'll stay out of it is it going to limit our<00:21:49.400
  • much all of our Department's drug asset much all of our Department's drug asset forfeiture<01:34
  • When assets are ultimately forfeited, do you know where either the cash or the asset goes?
  • When assets are ultimately forfeited, do you know where either the cash or the asset goes?
  • When assets are ultimately forfeited, do you know where either the cash or the asset goes?
Keywords: 928, house, all
Summary: The committee first heard CACR 6, a proposed constitutional amendment by Representative Keith Ammon to recognize a fundamental right to use computation resources. Ammon argued that computing is now essential to daily life, speech, education, and economic opportunity, and said the amendment was intended to push back against government or corporate restrictions, citing a 2023 federal executive order on AI registration and reporting as an example of the kind of precedent he wanted to oppose. He said the proposal should be simple and clear because it would go to voters, and he compared the right to compute to other constitutional rights that do not require the government to provide the underlying tools. Committee members raised concerns about the breadth of the language, including whether it could affect encryption, authentication, network security, energy use, and other regulatory issues. Representative McFarland questioned whether the amendment could interfere with security measures, while others asked whether it would prevent ordinary network management such as throttling or require the state to provide internet access or hardware. Ammon responded that the right would not entitle someone to other people’s resources and said encryption and similar issues would sort themselves out. Several members also raised concerns about child safety, public safety, and whether existing laws could still regulate misuse of computing; Ammon said reasonable limits would still apply, similar to other constitutional rights. Sarah Scott of Americans for Prosperity testified in support, saying the amendment would protect innovation, individual autonomy, and economic competitiveness by preventing overregulation. After questions concluded, the chair closed the hearing on CACR 6. The committee then opened House Bill 615, sponsored by Representative Dan Maguire, which would substantially rewrite the state’s drug-forfeiture law. Maguire said the bill is intended to improve fairness and efficiency in cases where property such as cars or cash is seized in connection with drug offenses, noting that the criminal case and the civil forfeiture case are currently handled separately, with the property case prosecuted by the Attorney General’s office. He explained that the bill addresses courtroom procedure for these forfeiture actions and is meant to make the process more specific and orderly.
MA

Massachusetts 2025-2026 Regular Session

Joint Committee on the Judiciary Jun 21st, 2026 at 01:00 pm

Joint Committee on the Judiciary

Transcript Highlights:
  • One is to speak globally on a number of bills filed regarding asset forfeiture.
  • How can people see where their personal assets are, and how can they get them back?
  • We can't spend it on actually building something, so there are limitations on it.
  • An act relative to civil asset forfeiture improvements, filed by Representative Jones.
  • Thank you so much for the opportunity to testify. ...of civil asset forfeiture.
Keywords: 995, all
Summary: The hearing covered a wide range of Judiciary Committee bills, with much of the testimony focused on criminal justice, public safety, and civil asset forfeiture reform. Several lawmakers and advocates supported bills to increase penalties or create new offenses related to assaults on sports officials, assaults on transit workers, reckless discharge of firearms, fires and explosives, pill press machines, and drug-induced homicide. Testifiers described rising harassment and violence against youth sports officials and transit workers, as well as the fentanyl overdose crisis and the need for stronger tools to prosecute dealers whose conduct leads to death. Supporters of the sports-official and transit-worker bills emphasized declining referee availability and repeated assaults on commuter rail and MBTA workers. District attorneys also backed bills on reckless firearm discharge and fires/explosives, saying current law does not adequately address dangerous conduct that endangers bystanders. The committee also heard testimony on several proposals related to youth diversion and prison mitigation. Supporters of the youth court justice fund bill said youth courts are peer-led diversion programs with strong compliance and low recidivism, and argued for a stable funding source rather than annual earmarks. A representative from Bridgewater supported a prison mitigation fund for municipalities that host state prisons, saying the costs of public safety and emergency services are not fully covered. On gun policy, testimony split between supporters of a bill to ban in-state manufacture of assault-style rifles for civilian sale and opponents or skeptics of other firearm-related measures, including a bill on collateralizing firearms and a bill to increase penalties for drug trafficking combined with illegal firearm offenses. A major portion of the hearing was devoted to civil asset forfeiture reform. Advocates from the ACLU, CPCS, the Boston Bar Association, the Institute for Justice, and others supported bills to increase the burden of proof, improve transparency and reporting, require counsel, and limit or eliminate the current practice of directing forfeiture proceeds to law enforcement. They argued the current system creates perverse incentives, lacks adequate due process, and is insufficiently transparent. District Attorney Paul Tucker defended current forfeiture practices, saying his office has reporting and oversight, uses the funds for investigations and community programs, and warned that reducing forfeiture revenue would hinder crime fighting. No votes or final committee actions were taken during the hearing; the chairs repeatedly thanked witnesses and indicated the bills would remain under consideration.
MN

Minnesota 2025-2026 Regular Session

House Capital Investment Committee 2/19/26

Capital Investment

Transcript Highlights:
  • limits which must be strictly observed. limits which must be strictly observed.
  • and asset preservation appropriations. and asset preservation appropriations.
  • <00:09:39.839> preservation eligible to receive asset preservation eligible to receive asset
  • c><00:10:12.560> and Following asset preservation, water and Following asset preservation, water
  • assets?
Keywords: 1183, house
MN

Minnesota 2025-2026 Regular Session

Gov. Walz capital investment package 2/19/26

Minnesota House Floor Meeting

Transcript Highlights:
  • <00:04:13.680> preservation million in asset preservation million in asset preservation investments
  • excellent job uh working with limited excellent job uh working with limited resources,<00:05:15.120
  • Asset preservation projects are improvements to existing state assets to address life and safety hazards
  • <00:06:40.160> preservation eligible to receive asset preservation eligible to receive asset
  • The governor is recommending asset The governor is recommending asset preservation<00:06:45.280>
Keywords: 1183, house
NH

New Hampshire 2026 Regular Session

Senate Election Law and Municipal Affairs (03/10/2026)

Election Law and Municipal Affairs

Transcript Highlights:
  • be able to provide that limitation? be able to provide that limitation?
  • The asset limit would increase from $35,000 to $60,900, encompassing assets like bank accounts, IRA stocks
  • limits or exemption amounts?
  • ><01:09:10.080> or<01:09:10.239> exemption asset limits uh and and or exemption asset limits
  • So that um that that net assets.
Keywords: 1191, senate, all
NH
Transcript Highlights:
  • Her A1C was below the limit.
  • node will get a reward. take their assets they put it on that take their assets they put it on that node
  • That part I could understand, yeah. take your asset and they figure out take your asset and they figure
  • : what the hell is the asset?
  • in my world I know but now a Assets in my world I know but now a digital<03:52:23.120> asset<
Keywords: 928, house, all
Summary: The committee held a public hearing on House Bill 552, which would remove the “full-time student” requirement for children ages 19 to 25 covered under the state retiree health insurance plan. The prime sponsor said the change would align retiree coverage with state employee and ACA plans, would not cost taxpayers because retirees pay the premiums, and could even reduce administrative burden and possibly state costs. The chair noted the bill simply removes the words “if full-time student” from statute and said the proposal affects very few retirees and has no cost to the state. No opposition was presented, and the chair closed the hearing on HB 552 after no further testimony. The committee then opened a public hearing on House Bill 648, which would require commercial insurance coverage for glucose monitoring devices and supplies for people with diabetes. The prime sponsor, a retired dietitian and diabetes educator, gave extensive testimony describing diabetes as common, costly, and serious, and argued that continuous glucose monitoring is important for managing type 2 and gestational diabetes, preventing hypoglycemia, and improving safety and decision-making. She said CGMs can alert users to dangerous blood sugar changes, help people understand how food, activity, and medication affect glucose, and save lives while offering a strong return on investment. During questions, a committee member asked whether the bill should specify that the monitoring be tied to prescribed treatment, and the sponsor agreed that adding “prescribed” would be appropriate. The member also asked about the proper threshold for coverage and whether the bill should be tied to fasting-test diagnosis; the sponsor responded that A1C is only one measure of control and does not show daily fluctuations, and said she was not prepared to recommend a specific threshold but could provide clinical guidelines later. No vote was taken during the hearing, and the sponsor indicated support for the bill’s general approach to broader CGM access.
CA
Transcript Highlights:
  • Backup assets. Why all of it on demand side grid support program?
  • For DWR to sell these assets, it requires that the limitations for these resources in the reserve only
  • That these resources would continue to be limited by the legislation.
  • So these assets that we're talking about today, these three different assets that DWR owns, actually
  • Additionally, there are a number of intertwined assets.
Keywords: 988, house, all
OK

Oklahoma 2026 Regular Session

Business and Insurance 2ND REVISED Mar 5th, 2026 at 09:30 am

Business and Insurance

Transcript Highlights:
  • I want to point to the assets, including Affiliate assets other than trust assets under management of
  • So we're talking about companies holding how much in assets.
  • So the distinction between 50 billion dollars in assets and $85 billion in assets, I just want to clarify
  • Just looking for clarity on why we've got 50 billion dollars in assets versus 85 billion of assets and
  • pays out a full policy limit loss.
TX

Texas 89th Regular

Business and Commerce May 23rd, 2025

Business & Commerce

Transcript Highlights:
  • However, we cannot overcome manpower and money, which is always a limitation.
  • However, he is limited in being able to do it.
  • However, he is limited in being able to do it.
  • Well, you're really trying to support the digital asset movement, right?
  • All the move to cryptocurrency, all the digital assets and so forth.
Bills: HB111
Summary: The committee heard a long series of House bills, with most measures laid out by Senate sponsors and then left pending after brief public testimony. Early bills focused on construction and licensing issues, including HB 305 on prompt payment for public construction audits, HB 5093 on restoring public access to notary contact information, HB 2037 on updating landlord-tenant repair and security deposit rules, HB 4214 on a centralized public information request contact database, and HB 5435 exempting higher education institutions from a 90-day notice requirement for certain public-private partnership projects. Testimony was generally supportive on these bills, and no votes were taken; each was left pending. The committee also considered several transparency and regulatory bills. HB 111 would expand the Public Information Act to certain nonprofit state associations and narrow some attorney-client and working-paper exceptions, with supporters arguing it would improve oversight of public funds and critics questioning the scope and thresholds. HB 5129 would protect occupational license holders’ personal identifying information from disclosure without consent, HB 4350 would allow peace officers to redact personal information from online real property records, HB 4748 would authorize multiple-award state purchasing contracts, and HB 4765 would clean up code enforcement officer licensing rules. HB 4134 would allow motor vehicle creditors to charge limited fees for electronic payment options while requiring a free alternative, and HB 1043 would direct a study of blockchain-based property title records; both drew testimony, with some concern about the practical effects and vendor implications of the blockchain study. Several bills addressed insurance, workforce, and digital-asset regulation. HB 3520 would reduce the insurance coverage required for transportation network companies during the period when a driver is en route to pick up a passenger, drawing support from Texans for Lawsuit Reform and opposition from trial lawyers who argued the higher coverage better protects the public. HB 3320 would create a self-insurance pool for religious institutions, with TDI explaining it would still be regulated but operate under a special statutory framework. HB 4233 would modernize rules for digital asset service providers by removing certain auditor-access requirements and updating reporting and licensing provisions. HB 3923 would reduce bachelor’s-degree requirements for some state jobs, though Every Texan argued low pay, not degree requirements, is the main driver of turnover. HB 4518 would create a legal structure for decentralized unincorporated nonprofit associations tied to blockchain governance; business law experts opposed it as unnecessary and potentially risky, while crypto advocates supported it. Finally, HB 1803 would join an interstate compact for dentists and dental hygienists, with supporters citing workforce shortages and opponents saying Texas already licenses quickly and that the compact could weaken state oversight. Throughout the hearing, the committee repeatedly closed testimony and left bills pending, and a quorum was eventually established before later items were heard.