Video & Transcript : 'fiduciary' :
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CA
California 2025-2026 Regular Session
Assembly Business and Professions Committee Jan 13th, 2026
Business and Professions
Transcript Highlights:
- We carry the same fiduciary duty as board members who serve their communities.
- solely to serve the association and implement board decisions for all homeowners we carry the same fiduciary
Committee:
House Business and Professions
CA
California 2025-2026 Regular Session
Assembly Insurance Committee Apr 2nd, 2025
Transcript Highlights:
- What we have actually seen, and Stanford University did a report on this, relates to the issue of fiduciary
- Fiduciary is whether the agent that you're talking to is there to represent your best interest or the
Summary:
The Assembly Insurance Committee met as a subcommittee and heard several bills focused on insurance transparency, wildfire mitigation, market access, and workforce issues. AB 75 would require insurers to give homeowners 30 days’ notice before collecting aerial images of their property and allow homeowners to review those images; supporters said it would improve privacy and prevent inaccurate non-renewals, while consumer and industry groups both sought amendments. AB 234 would add the Assembly Speaker and Senate President pro Tem, or designees, as non-voting members on the California FAIR Plan governing committee; the Department of Insurance supported it as an oversight measure, while Consumer Federation of California said it was only a small first step toward broader transparency reforms. AB 428 would let water corporations join joint powers authorities for pooled insurance, with supporters citing rising insurance costs for small water systems and no remaining opposition after amendments. AB 943 would streamline producer pre-licensing education by removing the 20-hour per-line requirement while keeping ethics training; industry sponsors said it would reduce barriers to entry, while consumer advocates warned it could lower professional standards. AB 1209 would create a pathway for cannabis employers to secure workers’ compensation coverage and related services through a state-coordinated network; supporters said it would help bring the industry into compliance, while one member raised concerns about creating a special carveout for a federally restricted industry. AB 1 would require periodic review of the state’s Safer from Wildfire regulations every five years, and it drew broad support from the department, insurers, local governments, and industry groups as a way to keep wildfire mitigation incentives current.
The committee also took up a consent calendar including AB 69, AB 487, and AB 570, all of which were sent to Appropriations. The committee approved AB 75 to Privacy and Consumer Protection, AB 234 to the Assembly Floor, AB 428 to Local Government, AB 943 to Appropriations, AB 1209 to Business and Professions, and AB 1 to Appropriations. Most measures passed on strong or unanimous votes after members added coauthor requests and expressed support for the bills’ consumer protection, transparency, or wildfire-related goals.
TX
Transcript Highlights:
- conservatorship in a suit affecting the parent-child relationship, for the Subcommittee on Family and Fiduciary
- children of the Department of Family and Protective Services, for the Subcommittee on Family and Fiduciary
Keywords:
occupation tax, securities, financial regulation, tax exemption, legislative amendment, capital gains tax, realized gains, unrealized gains, investment income, asset sale, capital assets, wealth tax, estate tax, trust tax, tax limitation, constitutional amendment, Texas Constitution, Article VIII, property tax, sales tax
WY
Wyoming 2026 Regular Session
Joint Agriculture, State and Public Lands & Water Resources Committee, June 11, 2026 - PM
Agriculture, State and Public Lands & Water Resources
Transcript Highlights:
- 00:22:59.679><c> and</c><00:23:00.000><c> recognize</c><00:23:00.400><c> the</c><00:23:00.640><c> fiduciary
- </c><00:23:01.200><c> duties</c> value and recognize the fiduciary duties value and recognize the fiduciary
- 00:37:09.680><c> that</c> charging appropriately to meet that charging appropriately to meet that fiduciary
- <c> of</c><00:37:11.040><c> maximizing</c><00:37:11.680><c> revenue</c><00:37:12.160><c> and</c> fiduciary
- duty of maximizing revenue and fiduciary duty of maximizing revenue and we<00:37:12.720><c> do</c><00
MN
Transcript Highlights:
- solutions to kind of get at that problem of not having a lot of guidelines and structure around fiduciary
- </c><00:53:37.280><c> responsibilities</c><00:53:38.040><c> on</c> isn't any fiduciary responsibilities
- on isn't any fiduciary responsibilities on behalf<00:53:38.440><c> of</c><00:53:38.559><c> the</c><00
- </c><00:54:23.160><c> responsibilities</c><00:54:23.920><c> on</c> around fiduciary responsibilities
- on around fiduciary responsibilities on behalf<00:54:24.440><c> of</c><00:54:24.599><c> the</c><00:54
Committee:
Senate Human Services
AZ
Transcript Highlights:
- Sections 608 and 609 outline the assignee's duties and powers as a fiduciary, and among those duties
Committee:
House House Commerce Committee of Reference
Summary:
The Commerce Committee met and, after deciding not to hear Senate Bill 1254, took up three bills in order: SB 1181, SB 1252, and SB 1415. SB 1181 would revise requirements for certification of public accountants and was described as identical to House Bill 2476, which had already passed the House. A representative of the Arizona Society of Certified Public Accountants testified in support, explaining that the bill creates additional pathways to CPA licensure and is intended to keep Arizona CPAs competitive; no questions were raised.
SB 1252 would adopt the Uniform Assignment for Benefit of Creditors Act. Staff explained it as a framework for transferring a distressed business's assets to an assignee who liquidates them and distributes proceeds to creditors. A Uniform Law Commission counsel testified that an assignment for the benefit of creditors can be a flexible alternative to bankruptcy or receivership, giving the debtor more control while requiring the assignee to act as a fiduciary and maximize creditor distributions. The bill was presented without opposition.
SB 1415 would set qualifications for salaried employees of insurers or managing general agents to obtain an adjuster license without taking the Arizona adjuster exam, and would limit that license to adjusting claims as a salaried employee. A State Farm representative supported the bill, saying it responds to other states requiring Arizona-based company adjusters to obtain additional licensing and testing, which could affect thousands of employees; the bill would allow those already licensed and tested elsewhere to obtain Arizona licensure without another exam, while new applicants after January 1 would still need Arizona licensure and testing. All three bills received unanimous due pass recommendations by 10-0 votes, and the committee adjourned.
MO
Transcript Highlights:
- serves on a board such as this, their due diligence is to the betterment of the board and to be fiduciaries
Committees:
House Pensions , House Local Government, Elections and Pensions
Summary:
The Committee on Pensions met with a quorum present and heard opening remarks from the chair about the committee’s limited number of referred bills and the possibility of combining several minor technical fixes into an omnibus bill later in the session. The committee then took up House Bill 2884, sponsored by Rep. Barry Hovis, which concerns the St. Louis Police Officers Retirement Board.
Rep. Hovis explained that the bill would stagger the two mayoral appointments to the nine-member retirement board so the seats would not expire at the same time. He said the change is intended to reduce the risk of vacancies preventing a quorum, which can delay board business such as contracts, and emphasized that the bill does not change the board’s size or basic structure. Committee members asked about accountability, transparency, board communications, and whether the language changes altered the balance between active and retired members; Hovis and witness John Barge, representing the St. Louis Police Retirement System, said the revisions were mainly clarifying and not intended to change board makeup.
Barge said the retirement system had sent the language to the mayor’s office multiple times without receiving concerns and reported no known opposition. He also explained that the board had experienced problems when vacancies left it without a quorum. After questions about mayoral appointment and replacement authority, the hearing concluded with no testimony in opposition or for informational purposes, and no vote was taken during the hearing.
KY
Kentucky 2026 Regular Session
Budget Review Subcommittee on Economic Development, Tourism, and Environment Protection (6-3-26)
Transcript Highlights:
- They got a fiduciary responsibility.
- They<00:09:32.280><c> got</c><00:09:32.400><c> a</c><00:09:32.480><c> fiduciary</c><00:09:33.040><c>
- </c><00:09:34.040><c> So</c> They got a fiduciary responsibility.
- So They got a fiduciary responsibility.
Summary:
The speaker outlined Kentucky’s economic development strategy and how the cabinet evaluates and awards incentives. He emphasized using national benchmarks such as Site Selection and Area Development magazines, focusing on real data, competitiveness, and performance-based incentives. He said the state is performing well nationally in investment rankings, and credited the legislature with providing tools that help attract and retain jobs, especially through speed to market, site readiness, transportation, and workforce coordination.
A major portion of the remarks described the “anatomy” of an incentive package: first improving sites and infrastructure such as water, sewer, roads, and rail spurs; then using sales tax benefits for construction materials and equipment; then training support through the Bluegrass State Skills Corporation; and finally the Kentucky Business Incentive (KBI) program, which reimburses qualifying expenses from incremental tax revenue. He said incentives are negotiated, data-driven, and targeted toward companies with strong wage levels, training plans, growth potential, and, in some cases, agricultural benefits or industry leadership. He also noted special treatment for heritage communities and said the state has expanded KBI beyond heavy manufacturing to include R&D, headquarters, and service businesses.
The speaker also described compliance and oversight. Incentive agreements are written with job, wage, investment, and community-benefit terms, and companies must file regular reports and invoices. Cash incentives can be clawed back if commitments are not met, while tax credits are tied to actual investment and job creation. He said the Revenue Cabinet and Environment and Energy Cabinet play important monitoring roles, and that projects go through application review and preliminary approval by the Kentucky Economic Development Finance Authority before final approval and payment. He closed by thanking legislators for their support and for allowing more flexible, capped, and data-driven incentive tools.
MN
Transcript Highlights:
- employers who contribute data to the APCD and wish to benchmark the prices they face, or support the fiduciary
- ><00:25:32.600><c> support</c><00:25:33.880><c> um</c><00:25:34.040><c> the</c><00:25:34.160><c> fiduciary
- </c><00:25:34.679><c> duty</c> uh or to support um the fiduciary duty uh or to support um the fiduciary
Committee:
House Ways and Means
MO
Missouri 2026 Regular Session
2026 Legislative Session - Day Forty Seven - Tuesday, April 7
Missouri House Floor Meeting
Transcript Highlights:
- You had the buyer's agent, they represent the buyer, all their fiduciary responsibilities to the buyer
- And as fiduciaries for the Missouri citizens, why should that?
- And as fiduciaries for the Missouri citizens, why should that?
- And as fiduciaries for the Missouri citizens, why should that?
Summary:
The House opened with prayer, the Pledge of Allegiance, and approval of the House Journal by a 104-0 vote. Members then spent a large portion of the session offering personal remarks and introducing guests, including the family of Lance Corporal Jared Schmitz, school groups, a Boy Scout troop, a Highway Patrol commander, and community figures such as Corey Johnson and boxer Devin Alexander. There was also a moment of silence for a member’s mentor and a personal privilege statement recognizing Autism Month and the work of teachers and therapists serving autistic children.
The main floor debate centered on House Committee Substitute for House Bill 2481, which would tighten Missouri rules for SNAP and related public benefits by requiring proof of citizenship or lawful presence, using the federal SAVE system throughout eligibility checks, and directing the Department of Social Services to seek a waiver to steer SNAP purchases toward healthier foods. Supporters framed the bill as a matter of accountability, taxpayer stewardship, fraud prevention, and improved nutrition, while opponents argued it was unnecessary because federal law already limits eligibility, could add administrative costs, and could harm children, families in food deserts, and pregnant women who rely on programs such as Show Me Healthy Babies. An amendment offered by the gentleman from Johnson to extend the bill to MoHealthNet was adopted, and after extended debate the House invoked the previous question 91-46, then adopted and perfected the bill as amended.
The House also advanced House Committee Substitute for House Bill 1869, which creates a process and fund to repair damaged veterans’ headstones in public and private cemeteries, with support from members who emphasized honoring veterans and preserving gravesites; the bill was adopted and perfected without opposition. House Bill 2927 was also moved forward; it would require settlement demands tied to extra-contractual or bad-faith insurance claims to be written, held open for 90 days, and reference the relevant statute. Supporters said it gives insurers reasonable time to evaluate large claims, while opponents said it could delay compensation for injured Missourians; it too was adopted and perfected. The House then began consideration of additional bills, including House Bills 2387 and 2480, as the session continued.
AL
Transcript Highlights:
- Um, SB 178 changes one sentence, I believe, of the Principal and Income Act relating to the way a fiduciary
- Um, SB 178 changes one sentence, I believe, of the Principal and Income Act relating to the way a fiduciary
- Um, SB 178 changes one sentence, I believe, of the Principal and Income Act relating to the way a fiduciary
- Um, SB 178 changes one sentence, I believe, of the Principal and Income Act relating to the way a fiduciary
Bills:
SB309 , HB192 , SB178 , SB179 , SB237 , HB10 , HB107 , HB189 , HB37 , HB226 , SB309 , HB192 , SB178 , SB179 , SB237 , HB10 , HB107 , HB189 , HB37 , HB226
Committee:
Senate Judiciary
Keywords:
automated driving systems, oversized vehicles, transportation, regulations, permits, HB192, international wire transfer, wire transfer fee, remittance fee, money transmission business, Alabama Securities Commission, Department of Revenue, Education Trust Fund, ELL instructors, English Language Learner, ESL teachers, income tax credit, remittances, international money transfer, migrant families
MD
Transcript Highlights:
- Senator West, Estates and Trust Fiduciaries, Attorney-Client Privilege.
- attorney-client privilege protects a communication between an attorney and a client that is the fiduciary
- The bill merely clarifies that the existence of a fiduciary relationship between the fiduciary and a
Summary:
The Senate convened with an invocation by Reverend Jod Gun, whose prayer was journalized by unanimous consent. The chamber then recognized several guests, including representatives from the National Alliance on Mental Illness, who were present for a resolution honoring Tardive Dyskinesia Awareness Week, as well as former Delegate and physician Dan Moheim, Towson University students, a veteran guest, and parents and young children visiting for Maryland Family Network’s Day in Annapolis.
The Senate adopted a resolution recognizing the National Alliance on Mental Illness for its advocacy on tardive dyskinesia screening, early detection, and treatment, and designated May 5–9 as Tardive Dyskinesia Awareness Week. The resolution was read and adopted without objection. The chamber also unanimously welcomed the guest groups and thanked them for their service and advocacy.
In second-reader action, the Senate advanced several bills with committee amendments adopted without objection. Senate Bill 113, the Longevity Ready Maryland Act, was amended to refine aging-related planning, website reporting, and Commission on Aging membership, then ordered to third reading. Senate Bill 123 updated the membership of the Oversight Committee on Quality of Care in nursing homes and assisted living facilities and was also sent to third reading. Senate Bill 336 extended the Task Force on the Responsible Use of Natural Psychedelic Substances for one year and added an HBCU representative. Senate Bill 394 expanded expedited partner therapy to bacterial vaginosis and added licensed certified midwives as authorized practitioners. Senate Bill 444 changed certificate-of-need requirements for certain intermediate care facilities, and Senate Bill 461 conformed the SNAP Heat and Eat Program to federal eligibility rules; both were advanced to third reading.
The Education, Energy, and the Environment Committee then took up Senate Bill 108, which would authorize the Maryland Department of the Environment to impose administrative penalties for certain water, wetlands, dam, and riparian-rights violations and expand administrative enforcement tools. Several senators raised concerns about the scope of the bill, its effect on shoreline restoration, dams, stormwater and wetlands enforcement, and whether it could allow penalties without adequate process or encourage payment instead of correction. The floor leader responded that the amendment requires notice, an informal meeting, and consideration of good-faith efforts before penalties are imposed in certain cases, and said the bill does not change permit requirements. The debate continued as members sought clarification on how the bill would apply to private dams, HOAs, farmers, and shoreline projects.
NM
Transcript Highlights:
- And we will comply with our fiduciary duty to make the best decision we Competitive states in that year
- And we will comply with our fiduciary duty to make the best decision we can for the business at that
- A lot of it covers everything from fiduciary to ethics to services available for student success.
- A lot of we pass covers everything from fiduciary to ethics to services available for student success
Committee:
Senate Senate Finance
KY
Kentucky 2025 Regular Session
House Standing Committee on Banking & Insurance (3-12-25)
Transcript Highlights:
- And it's important to note that a company's independent board of directors have a fiduciary responsibility
- independent board of directors<00:08:13.360><c> have</c><00:08:13.479><c> a</c><00:08:13.599><c> fiduciary
- </c> directors have a fiduciary directors have a fiduciary responsibility<00:08:15.120><c> and</c><00
Summary:
The House Standing Committee on Banking and Insurance met with a quorum and first took up Senate Bill 145, sponsored by Sen. David Givens. The bill would update retail installment contract statutes for automobile sales, allowing retailers with installment contracts shorter than 28 days to begin collections after three days instead of waiting for multiple missed payments, and it also harmonizes a related dollar amount in statute from $10 to $15. The committee asked no questions, and the bill received a favorable expression on a roll-call vote.
The committee then heard Senate Bill 183 from Sen. Matt Nunn, with testimony from Chris Nolan of the American Property Casualty Insurance Association. The bill would require proxy advisers acting for the State Retirement System to act solely in the financial interest of current and future retirees and to avoid political or social considerations in shareholder voting recommendations. Supporters argued it would keep politics out of public pensions and align proxy advice with fiduciary duties; members praised the bill and noted Kentucky could be among the first states to adopt such a model. The committee approved the bill with favorable expression after a roll-call vote.
The committee also reviewed administrative regulation 808 KAR 9:10 from the Department of Financial Institutions, with no vote required. It then took up House Bill 413, a PBM rebate pass-through bill, with testimony from Sarah Wood of the Diabetes Patient Advocacy Coalition. She said the bill would require 85% of negotiated drug rebates to be passed through to patients at the point of sale, lowering out-of-pocket costs, especially for high-rebate drugs such as insulin, while still allowing 15% to remain with plans. She cited examples from other states and argued the bill would benefit about 650,000 Kentuckians. Hope McClaflin of Anthem opposed the bill, saying it would reduce employers’ ability to use rebates to lower premiums, could disproportionately favor high-cost brand-name drug users, and could create significant costs for state and fully insured plans. Members asked questions about other states’ pass-through rates and the effect on premiums, but no final action on House Bill 413 was taken in the portion of the meeting provided.
WY
Transcript Highlights:
- It is getting put in here, uh, amendment for fiduciary responsibility.
- But he recommended fiduciary responsibilities somehow put in there.
- But he recommended fiduciary responsibilities somehow put in there.
- But he recommended fiduciary But he recommended fiduciary responsibilities<00:59:20.319><c> somehow</
- </c><00:59:46.960><c> responsibilities</c> some kind of fiduciary responsibilities some kind of fiduciary
Committee:
House Revenue
WA
Washington 2025-2026 Regular Session
House Postsecondary Education & Workforce Feb 25th, 2026 at 01:30 pm
Postsecondary Education & Workforce
Transcript Highlights:
- As chair of the Board of Trustees, I have a fiduciary responsibility to ensure the long-term financial
- As fiduciaries and trustees, we cannot ignore this pattern.
Committee:
House Postsecondary Education & Workforce
Keywords:
funding, education, higher education, Western Washington University, state funding parity, financial aid, state funding, student support, educational reform, university procedures, academic policy, student success, Washington Medical Commission, medical license, license relinquishment, voluntary surrender, nondisciplinary pathway, physician regulation, health professional licensing, disciplinary database
MO
Transcript Highlights:
- So everybody understands the duties and obligations and the fiduciary responsibilities everyone has.
- So everybody understands the duties and obligations and the fiduciary responsibilities everyone has.
WA
Transcript Highlights:
- I think those are important accountability pieces and fiduciary pieces for our state government.
- I think that those are important accountability pieces and fiduciary pieces for our state government.
Committee:
House Appropriations
Keywords:
investment, gifts, grants, University of Washington, funding, higher education, recycling, waste reduction, environmental policy, sustainability, municipal regulations, HB 2254, Washington, Health Care Authority, partnership access line, psychiatric consultation line, first approach skills training, behavioral health, mental health, assessment
FL
Florida 2026 5th Special Session
Judiciary Jan 27th, 2026
Transcript Highlights:
- And this creates an ethical rub between lawyers' fiduciary obligations to their clients and the third-party
- funders who do not have any fiduciary duties to the clients.
Summary:
The Judiciary Committee met and took up a series of bills, beginning with SB 620, which would require candidates for federal, state, county, district, judicial, and school board offices to disclose any citizenship in countries other than the United States. The bill was presented as a transparency measure, with one opponent waiving time, and it was reported favorably on an 8-0 vote.
The committee then heard SB 1396 on litigation financing consumer protection. Supporters from the Florida Justice Reform Institute, American Tort Reform Association, and U.S. Chamber Institute for Legal Reform argued the bill would add transparency, limit funder control, and require disclosure of foreign entities involved in litigation funding. Opponents, including the Florida Justice Association, argued the bill would create strategic advantages for defendants and could affect discovery and settlement dynamics. The bill passed 7-2. The committee also approved SB 192, removing a $1,500 cap on patient funds chiropractors may hold in trust; SB 888, limiting indemnity and insurance requirements in design-professional contracts; CS/SB 332, creating a temporary closed-meeting exemption for pre-suit Burt Harris litigation strategy discussions; SB 820, requiring quarterly reporting on problem-solving courts; SB 1500, updating uncontested probate procedures; SB 1224, making fraudulent entry into rental dwellings a third-degree felony; and SB 1000, setting a floor and ceiling for interest rates on law firm trust accounts. Each of these bills was reported favorably, with broad support and little or no opposition.
The committee also advanced CS/SB 694, which would compensate the descendants of the Groveland Four. Senator Bracey Davis described the bill as a final step in addressing the wrongful convictions, deaths, and long-term harm suffered by Charles Greenlee, Walter Irvin, Samuel Shepard, and Ernest Thomas. Family members and advocacy groups testified in support, urging the state to complete its acknowledgment of wrongdoing with monetary compensation. An amendment was adopted to divide any appropriation equally among the four families. The bill passed unanimously. Finally, SB 144 creating a public records exemption for personal information of Judicial Qualifications Commission employees and their families was approved 9-1. Several members also requested to be recorded as voting in the affirmative on specific bills before the committee adjourned.
FL
Transcript Highlights:
- And this creates an ethical rub between lawyers’ fiduciary obligations to their clients and the third-party
- funders who do not have any fiduciary duties to the clients.
Bills:
S0144 , S0192 , S0332 , S0532 , S0620 , S0694 , S0820 , S0888 , S1000 , S1224 , S1396 , S1500
Committee:
Senate Judiciary
Summary:
The Senate Judiciary Committee met with a quorum present and first postponed SB 532. It then heard and approved SB 620, which requires candidates for federal, state, county, district, judicial, and school board office to disclose any citizenship other than U.S. citizenship. The bill drew one waiver in opposition from Common Cause and passed 8-0. The committee also heard SB 1396 on litigation financing consumer protection. Supporters said it would add transparency, limit funder control over litigation, and require disclosure of foreign entities involved in funding; opponents argued it would create strategic advantages for defendants and could burden plaintiffs. The bill passed 7-2. The committee later approved SB 192, repealing a $1,500 cap on patient funds held in trust by chiropractic physicians, and SB 888, extending limits on indemnity and insurance requirements for design professionals in private contracts; both passed unanimously among those voting.
The committee also approved several Judiciary-related measures. CS/SB 332, as amended, creates a narrow temporary public meetings/public records exemption for certain pre-suit Burt Harris litigation strategy discussions by local governments, and passed 7-0. SB 820, which strengthens quarterly reporting requirements for problem-solving courts, passed 10-0. SB 1500, implementing probate process recommendations to raise small-estate thresholds, clarify access to safe deposit boxes, and improve enforcement in uncontested probate, also passed 10-0. SB 144, creating a public records exemption for personal information of current and former Judicial Qualifications Commission employees and their families due to harassment concerns, passed 9-1.
The committee then approved CS/SB 1224, as amended, making it a third-degree felony to fraudulently obtain possession of a rental unit through false written statements, counterfeit documents, or impersonation; the bill passed 10-0. SB 1000, setting a floor and ceiling for interest rates on law firm trust accounts tied to the Wall Street Journal prime rate, passed 10-0 after testimony from banking and credit union representatives and support from Senate leadership. Finally, CS/SB 694, providing compensation to the descendants of the Groveland Four, was heard with emotional testimony from family members and advocates describing the wrongful convictions, killings, and decades-long effort for redress; an amendment specified equal shares for the four families, and the bill passed 10-0. Several members requested to be recorded as voting in the affirmative on specific bills before the committee adjourned.