Video & Transcript : 'reasonable safeguards' :
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MN
Minnesota 2025-2026 Regular Session
Committee on Jobs and Economic Development - 04/15/26
Jobs and Economic Development
Transcript Highlights:
- What safeguards have you put<00:17:52.960><c> in</c><00:17:53.120><c> here</c> What safeguards have you
- So, there are safeguards; there continue to be safeguards here.
- So, there are safeguards.
- </c> there continue to be safeguards here. there continue to be safeguards here.
- </c> it's it's loans, and one of the reasons it's it's loans, and one of the reasons why<00:20:32.880
Committee:
Senate Jobs and Economic Development
CA
California 2025-2026 Regular Session
Assembly Select Committee on Developing Pathways to Purpose for Young Men Aug 12th, 2026
Transcript Highlights:
- And those people are the reason I decided to give back to my community.
- I think the reason we've been losing this war is because not enough people have been actually fighting
- And we are not, for some reason, calling it gambling, right?
- Is there a reason X is not on there? I think they didn't have enough people in the sample size.
- Products should be tested for how they behave when a minor is vulnerable, tries to evade safeguards,
Summary:
The hearing was the inaugural meeting of the Assembly Select Committee on Developing Pathways to Purpose for Young Men, chaired by Assembly Member Avelino Valencia. In opening remarks, Valencia and several committee members described concerns about boys’ and young men’s disconnection from school, work, and relationships, and tied the committee’s work to technology, mentorship, education, and suicide prevention. Members repeatedly noted the effects of COVID-era screen use, the importance of positive male role models, and the need to think beyond funding alone toward broader policy and cultural changes.
The first panel focused on the state of men online. Testimony from David Sakaki of the American Institute for Boys and Men, Vihon Bardwaj of Generation Up, and Dr. Alok Kanojia (“Dr. K”) emphasized that pornography, gaming, gambling, social media, and AI can meet real needs for belonging, status, and relief, while also encouraging addiction, isolation, distorted sexual expectations, and harmful comparisons. Witnesses argued that young men are especially vulnerable to algorithm-driven content, that online systems often amplify misogyny and other harmful behavior, and that public policy should address design defaults, age-appropriate sex education, gambling-like game mechanics, and offline alternatives such as sports, mentorship, and social-emotional skill building.
Committee members asked about pornography, loot boxes, gambling ads, and how to create healthier substitutes for the immediate gratification these products provide. Witnesses said the answer is not to match the addictive pull of harmful content, but to build more fulfilling offline pathways and teach practical social and emotional skills. Assembly Member Brian also spoke about the need for policy frameworks that help young men and boys be seen and supported, while acknowledging that these issues affect women and girls as well.
The second panel shifted to design and health impacts. Dr. Ravi Iyer, drawing on his experience at Meta, said platforms are often optimized for engagement rather than users’ aspirations, which can increase exposure to nudity, violence, hate, and unwanted sexual content; he also warned about emotionally manipulative chatbot interactions and suggested stronger rules and public tracking of app harms. Dr. Jason Nagata of UCSF described research linking problematic social media use to later ADHD symptoms in boys, and explained how social media can intensify muscularity pressures, body dissatisfaction, eating disorders, and risky appearance-modification trends such as “looksmaxxing.” No formal votes or legislative actions were taken during the hearing.
MN
Minnesota 2025-2026 Regular Session
House Commerce Finance and Policy Committee 2/26/26
Commerce Finance and Policy
Transcript Highlights:
- </c> safeguards are failing. safeguards are failing.
- </c> would have those safeguards in place. would have those safeguards in place.
- ,</c><01:03:36.319><c> the</c> companies offer for for safeguards, the companies offer for for safeguards
- It is a reason why I raised that one.
- Uh so that that's the reason for us out.
Committee:
House Commerce Finance and Policy
Keywords:
virtual currency, kiosks, prohibition, customer payouts, cryptocurrency regulation, consumer privacy, data privacy, health data, sensitive data, Minnesota Consumer Data Privacy Act, personal data, data broker, targeted advertising, geofencing, location tracking, health care privacy, patient privacy, consent, minor privacy, children's privacy
ID
Transcript Highlights:
- the four safeguards it provides.
- Child or a minor, and that's why we have the language that references reasonable knowledge.
- So it does have reasonable flexibility.
- Just as importantly, this bill maintains critical safeguards.
- Every community has a different reason.
Committee:
House Business
WA
Washington 2025-2026 Regular Session
Senate Environment, Energy & Technology Jan 20th, 2026
Transcript Highlights:
- There are reasons why that's not something that's really happening.
- That should permanently end the idea that we can rely on voluntary safeguards.
- If that's not a reason to act, I don't know what is.
- If that's not a reason to act, I don't know what is.
- Manufacturers need reasonable incentives.
Summary:
The committee heard public hearings on three bills. SB 6076, sponsored by Sen. Gaynor, would streamline procurement for consumer-owned utilities on clean energy, storage, transmission, and distribution projects through 2045 by raising contract thresholds, allowing more use of vendor lists, electronic bids, and broader competitive-bidding exemptions for certain energy-related projects. The sponsor and utility and labor supporters said the bill would help PUDs respond to rising costs, supply-chain shortages, aging infrastructure, and growing electricity demand, while keeping work with union labor. No opposition testimony was presented, and the hearing closed with 60 people signed in pro and 3 con.
The committee then heard SB 5984, a governor-request bill sponsored by Sen. Wellman that would regulate AI companion chatbots by requiring disclosure that users are interacting with AI, restricting manipulative engagement techniques for minors, requiring safeguards against sexual content and self-harm, and creating enforcement under the Consumer Protection Act with a private right of action. Supporters included the governor’s office, the Attorney General’s office, privacy officials, parents, child-safety advocates, researchers, and some tech-industry voices who urged stronger safeguards; they emphasized harms to minors, suicide risks, and the need for transparency and accountability. Opponents and critics argued the bill could sweep too broadly, create constitutional/free-speech problems, burden general-purpose AI and consumer-facing businesses, and rely on unclear or ineffective definitions. The hearing closed with 697 signed in pro, 219 con, and 477 other.
Finally, the committee heard SB 6119 on 6PPD-containing tires. The bill would phase out sale and distribution of tires containing 6PPD or regrettable substitutes beginning in 2035, create a mitigation fee on such tires, and dedicate revenue to Ecology administration, monitoring, salmon and waterbody studies, and waste tire removal. Supporters, including the bill sponsor, scientists, environmental groups, Seattle Public Utilities, and salmon-recovery advocates, said 6PPD-Q is acutely toxic to coho salmon and that a deadline and fee would accelerate safer alternatives and fund mitigation. Ecology and industry witnesses acknowledged the problem but said no proven alternative is yet available and warned the bill could be premature, raise costs, and affect tire safety and affordability; business and trucking groups also opposed the measure, citing duplication of the existing Safer Products process and the need for further stakeholder work. No votes or executive action were taken in the meeting.
KY
Kentucky 2026 Regular Session
Senate Legislative Session Day 59 (4-14-26) - Part 1
Kentucky Senate Floor Meeting
ID
Idaho 2026 Regular Session
Agenda Feb 10th, 2026
Transcript Highlights:
- Or would it still be more reasonable to have an outside party take care of that? Mr.
- I just have a question specific to Liberty and the safeguards before people are able to get that high
- But what is the true safeguard that stops, you know, I'm not saying, I'm not picking on one agency or
- This is not opening a door to other transfers for other reasons.
- and certainly any contractors have the appropriate safeguards.
Summary:
The House Health and Welfare Committee approved the February 5, 2026 minutes and then heard a lengthy budget presentation from Department of Health and Welfare Director Juliet Sharon and Medicaid Director Sasha O’Connell. The department outlined numerous supplemental and line-item requests across Medicaid, child and family services, welfare/self-reliance, and support functions, including funding for state hospital billing authority, Medicaid caseload and cost growth, rural health transformation staffing and program funds, child care capacity and program integrity work, kinship navigation, home visiting, and IT and procurement modernization. The committee also discussed the department’s reorganization and the need for additional procurement support for large Medicaid contracts.
Much of the discussion focused on Medicaid spending growth, especially in disability services and behavioral health. Sharon said higher utilization and more intensive services, including residential habilitation, youth residential treatment, and substance use services, were driving costs. Members asked about safeguards against provider overuse or steerage; the director said the department uses annual assessments, internal reviews, data mining, and referrals to program integrity, and that some provider behavior had already prompted a proposed rate reduction for residential habilitation. She also explained that the department is seeking to maintain contractor support for disability assessments rather than absorb the work in-house.
The committee also reviewed the department’s response to budget reductions and federal changes. Sharon explained the 4% provider rate reduction, the resulting savings, and the need for an additional $22 million in general funds to balance Medicaid, with options for further cuts still before the legislature. Other topics included the state’s Medicaid estate recovery and program integrity contractors, the impact of new SNAP administrative cost-sharing rules, Medicaid work requirements and more frequent eligibility reviews under state and federal law, and a request for three dedicated procurement staff in the Department of Administration to speed Medicaid contracting. No further votes were taken beyond approval of the minutes, and the committee adjourned to attend the floor session.
FL
Transcript Highlights:
- that prevents associations from unknowingly engaging unqualified operators. enforceable safeguard that
- These operations exist entirely outside of consumer safeguards.
- These operations exist entirely outside of consumer safeguards.
- "Ask around with your team and come up with an amount of time you think is reasonable for someone that's
- We want our values to reflect that we are safeguarding consumer protections while also upholding the
Committee:
Senate Regulated Industries
Keywords:
animal cruelty, reporting, veterinary, protection, liability, regulation, community association, management certification, Florida Statutes, certified manager, association governance, building permits, inspections, offsite construction, local government, housing, property regulation, construction standards, state of emergency, emergency response
HI
Hawaii 2025 Regular Session
House Chamber - Tue Mar 4, 2025, 9:00 AM HST - Day 25
Hawaii House Floor Meeting
Transcript Highlights:
- Same reason.
- those reasons I stand in support.
- And the reason why I believe that it's so important is for the reasons outlined by previous speakers.
- </c> so important is is for the reasons so important is is for the reasons outlined<03:53:10.239><c>
- </c> undertaken only where reasonably undertaken only where reasonably necessary<03:58:35.640><c> to<
AZ
Transcript Highlights:
- And the reason for that is very simple.
- We do oppose this bill, same reasons. We do believe...
- We do oppose this bill for the same reasons.
- They can have them in different spots now because of viability reasons.
- No oversight, safeguards.
Bills:
HB2495 , HB2557 , HB2594 , HB2615 , HB2800 , HB2861 , HB2862 , HB2931 , HB2995 , HB4042 , HB4070 , HB4117 , HB4136
Committee:
House Judiciary
Keywords:
vulnerable adults, sentencing, felonies, criminal justice, enhanced penalties, medical records, patient rights, healthcare access, privacy, healthcare providers, timeliness, address confidentiality, domestic violence, privacy protection, voter registration, court proceedings, parenting time, supervised visitation, family court, high-risk cases
MO
Missouri 2026 Regular Session
2026 Legislative Session - Day Fifty Two - Wednesday, April 15 - Morning Session
Missouri House Floor Meeting
Transcript Highlights:
- We don't have the numbers because we don't have the processes in place to safeguard against it.
- Don't have the processes in place to safeguard against it.
- And disenfranchise people, and that is reason enough to vote no. Thank you, Mr. Speaker.
- But I see no reason to beat this thing into the ground because it's an HCR.
- There's significant safeguards in here.
Summary:
The House opened with prayer, the Pledge of Allegiance, and approval of the previous day’s journal by a 117-1 vote. Members then spent a large portion of the morning introducing guests, including students, civic groups, fraternity and sorority members, county officials, and visitors from various districts. The Speaker also suspended business several times to sign enrolled bills, including Senate substitute for House Bill 261, House Bill 2641, Senate substitute for House Bill 2423, and House Bill 2934.
The chamber then debated House Concurrent Resolution 48, which urges Congress to pass the SAVE Act requiring documentary proof of citizenship to register to vote. Supporters argued it would protect election integrity and prevent non-citizens from voting, while opponents said it would create burdens, function like a poll tax, and disenfranchise eligible voters, especially women, rural residents, students, military members, and people who move or change names. After a motion for the previous question passed 93-42, the House adopted HCR 48 by a vote of 92-43. The House also passed House Concurrent Resolution 23, a federalism resolution affirming state control over elections, by a unanimous 137-0 vote after committee leaders said it had broad bipartisan support.
The House then perfected and printed House Bill 2855, which adjusts workers’ compensation fund tax increments from 0.5% to 0.1% to better match receipts with expenditures; an amendment allowing replacement of attorneys in long-running permanent total cases was adopted first. Members also perfected and printed House Bill 1906, a short bill allowing township counties to authorize annual, semiannual, or quarterly payment of real and personal property taxes by ordinance. The session ended with announcements and a motion to recess until 2 p.m.
TX
Transcript Highlights:
- I'm a proud Texan, and I oppose SB 33 for two reasons.
- Considering her plight, she had all the reasons to have an abortion.
- For this reason, I strongly oppose SB 33. Thank you for your testimony.
- The FDA has weakened safeguards for mifepristone.
- Sorry, the reason I point out, but, but this is on religion, I guess, right?
Committee:
House State Affairs
Keywords:
electric power, interconnection, utilities, ERCOT, large load customers, water supply, sewer service, demand management, school prayer, Bible reading, religious text, public schools, Texas Education Code, student prayer, silent prayer, meditation, religious liberty, First Amendment, Establishment Clause, church and state
TX
Transcript Highlights:
- I'm a proud Texan and I oppose SB 33 for two reasons.
- For this reason, I strongly oppose SB33. Thank you. Thank you for your testimony.
- The FDA has weakened safeguards for mifepristone.
- Sorry, the reason I point out... But this is on religion, I guess, right?
- The reason we have the First Amendment is to uphold freedom of religion.
Committee:
House State Affairs
Keywords:
electric power, interconnection, utilities, ERCOT, large load customers, water supply, sewer service, demand management, school prayer, Bible reading, religious text, public schools, Texas Education Code, student prayer, silent prayer, meditation, religious liberty, First Amendment, Establishment Clause, church and state
WY
Transcript Highlights:
- </c> absolutely true and it is safeguarded absolutely true and it is safeguarded unbelievably.<00:08:
- </c><00:08:47.519><c> I</c> right and the safeguards are in place.
- I right and the safeguards are in place.
- So that, I think, that's the reason for bringing this forward, Mr.
- </c><00:48:53.200><c> for</c> that I think that's the uh reason for that I think that's the uh reason
Committee:
Senate Judiciary
Keywords:
audit, transparency, government reporting, accountability, public access, firearm rights, restoration of rights, criminal justice, felony convictions, Wyoming law, artificial intelligence, social scoring, biometric data, privacy rights, government regulation, foreign censorship, digital innovation, constitutional rights, Wyoming GRANITE Act, extraterritorial laws
FL
Florida 2025 Regular Session
Appropriations Committee on Pre-K - 12 Education Mar 26th, 2025
Transcript Highlights:
- The reason we're doing this is to try to better account for per student funding in scholarship programs
- happen in only reason.
- I think we'll find ourselves back at this table trying to figure out what those safeguards should look
- giving a not change for the reasons that you gave if you keep giving a student. >> Different numbers
- This is much more reasonable than the profound and vague written requirements saw in Senate Bill 508,
NH
New Hampshire 2026 Regular Session
Committee of Conference on HB 155, HB 1102, HB 1109, HB 1356, HB 1469, HB 1323, HB 1376 (05/26/2026)
Transcript Highlights:
- So there is a safeguard there.
- So there is a safeguard there.
- So there is a safeguard there.
- This is a reasonable ask.
- </c> reasons why you could have the surgery. reasons why you could have the surgery.
Summary:
The committee first adopted amendment 2026-2021S to correct a drafting issue in the budget language so that the $2.5 million appropriation for Medicaid per diem rate stabilization at county nursing homes can be spent during the biennium rather than lapsing at the end of the fiscal year. Senator Lang explained that the funds are matched with federal dollars for a total of $5 million and are intended to prevent rate reductions that could shift costs to county property taxpayers. The amendment was adopted unanimously by both chambers, and the committee proceeded on the bill as amended by the Senate.
The main discussion then focused on HB 155 and a proposed amendment to the business enterprise tax. The House proposal would lower the BET rate in stages when combined business tax revenues exceed certain thresholds, while the Senate opposed an immediate rate reduction and argued that tax changes should be handled in a budget year. Senators emphasized that raising the filing threshold to $375,000 had already removed about 3,500 small businesses from filing requirements, and they preferred further relief through threshold changes rather than rate cuts. House members argued that the trigger-based reduction was a reasonable, tested mechanism and would provide future tax relief without taking effect unless revenues rose enough.
Members debated whether the trigger could be distorted by one-time revenue spikes, such as the recent tax amnesty receipts and prior federal repatriation-related revenue, and Representative Sweeney said he was willing to adjust the effective date or carve out amnesty revenue. The committee did not reach agreement on the BET reduction, and the chair called a break and then continued the meeting later with a new proposal to delay the trigger’s effective date to January 1, 2028. Senator Lang rejected that version but offered a counterproposal to raise the filing threshold to $400,000, and the parties ultimately agreed to continue discussions and reconvene later.
The meeting also took up HB 1102, concerning the research and development tax credit and state park fees. The House position was to support the R&D tax credit but remove the park-fee provisions, citing testimony from the Department of Natural and Cultural Resources that it did not need the increase and concerns about discouraging tourism, especially at border parks. Supporters of the park-fee language argued that the department had not raised rates in years, could set its own rates, and should be able to charge nonresidents more while keeping New Hampshire residents’ fees lower. The discussion remained unresolved, with members debating the likely effect on tourism and fairness to residents versus the need for additional revenue.
MA
Massachusetts 2025-2026 Regular Session
Joint Committee on Children, Families and Persons with Disabilities Jun 21st, 2026 at 01:00 pm
Joint Committee on Children, Families and Persons with Disabilities
Transcript Highlights:
- In each instance, there's always a good reason behind those changes.
- But when we go in, it's usually for a bad reason.
- Thank you so much for your testimony, and you must be very proud, with good reason.
- Otherwise, ...and the bill must have rigorous safeguards.
- So again, for these reasons, I respectfully urge you to report House 280 favorably.
Summary:
The Joint Committee on Children, Families and Persons with Disabilities held a hybrid hearing focused largely on DDS-related bills, with chairs Kennedy and Livingstone outlining strict time limits, accessibility procedures, and a 5 p.m. stop to preserve ASL and CART services. The committee heard testimony on several measures, including a bill from Sen. Mike Moore to create a centralized electronic education records system for students in out-of-home placements, which supporters said would improve communication, preserve IEP continuity, and reduce missed services. Paul DePaulo also testified in support, describing the educational and justice-system harms that can follow when foster youth do not receive coordinated records and supports.
A major portion of the hearing centered on H. 242/S. 149, a bill to enhance standards of care for people with autism and intellectual and developmental disabilities. Rep. Garballey and many advocates, parents, clinicians, and disability leaders supported the bill, saying it would require provider training, statewide standards, and better emergency department practices to reduce misdiagnosis, trauma, and unnecessary ER boarding. Testimony described sensory and communication barriers in medical settings, lack of provider training, and the need for continuing education and license-related requirements. Related testimony also supported H. 213/S. 111, which would improve access to behavioral health services for children involved with state agencies by requiring better discharge planning, coordination with hospitals and agencies, and more appropriate post-hospital placements.
The committee also heard strong support for H. 256/S. 102, requiring universal changing stations in public buildings, from parents, advocates, and the Massachusetts Developmental Disabilities Council. Witnesses said current restroom accommodations often force unsafe or undignified changes on floors, in cars, or in inaccessible spaces, and argued the cost of adding changing stations to new or renovated buildings would be modest compared with the benefits to dignity, safety, and community access. Another major topic was H. 261/S. 155 on supported decision-making agreements for certain adults, which supporters described as a less restrictive alternative to guardianship that preserves autonomy while providing trusted support. Finally, testimony on Tommy’s bill (S. 168/H. 282) described a preventable death after a hospital discharge and urged clearer communication and training requirements for residential staff handling life-sustaining equipment; the bill was presented as a safeguard for people with disabilities relying on such equipment.
CA
Transcript Highlights:
- types of reasons that the Senator and Magda described.
- That's why I state my reason for... ...originally. That's why I state my reason for opposition.
- That's the main reason why insurers will leave.
- That's the main reason why they won't write policies.
- That's the main reason why they won't write policies.
Committee:
Senate Insurance
Summary:
The committee heard testimony on several insurance-related bills. SB 1209 by Senator Allen, sponsored by Insurance Commissioner Ricardo Lara, would give the Department of Insurance stronger enforcement tools when insurers fail to implement corrective actions identified in market conduct or financial examinations. Supporters said the bill would close gaps that allow repeated violations, improve solvency oversight, and protect policyholders; opponents argued CDI already has broad authority and raised concerns about duplicative penalties, due process, and the bill’s scope. Members discussed amendments to limit the bill to legal violations rather than recommendations, apply penalties per exam rather than per policy, and clarify accounting language. The committee voted to send SB 1209 to Appropriations, with the bill placed on call after a roll vote that included one no vote from Senator Niello.
The committee also considered SB 1301, which would require more detailed non-renewal notices for residential property insurance, give policyholders time and information to address correctable issues, and restrict certain non-renewal reasons such as claims below deductible or not covered by the policy. Support came from homeowners, fire survivors, and consumer groups who said notices are often vague and leave families unable to keep coverage; insurers opposed the bill, warning that California’s notice period is already among the longest in the country and that the bill could worsen availability and add burdensome reporting requirements. The author said he was willing to reduce the notice period from 180 days to about three months and work on a mitigation-based process. The committee passed the bill to Appropriations, with Senator Niello voting no and the item placed on call.
SB 1026 by Senator Gonzalez would tighten regulation of bail fugitive recovery agents by allowing the Department of Insurance to suspend or revoke licenses without a criminal conviction, adding conduct restrictions, and requiring continuous liability coverage and proper appointment notices. Supporters, including Commissioner Lara, said the bill addresses serious misconduct and loopholes that have led to unsafe conduct and weak oversight. Bail industry representatives and crime victims’ advocates opposed the measure, arguing that the required insurance coverage is unavailable or unlawful as written, that the bill would be hard to comply with, and that it could reduce the number of recovery agents and delay justice. The committee moved SB 1026 to Appropriations, with Senator Niello voting no and the bill placed on call.
The committee then heard SB 982 by Senator Wiener, the Affordable Insurance and Recovery Act, which would authorize the Attorney General to sue fossil fuel companies to recover costs tied to climate disasters and insurance losses, with supporters framing it as a way to shift some climate-related costs away from policyholders and taxpayers. The author said amendments would remove retroactivity and delay liability until 2032, while supporters from flood and wildfire survivor groups and climate organizations said the bill would help fund recovery and stabilize insurance costs. Opponents from industry and building trades argued the bill was legally vulnerable, would create a de facto tax or liability scheme, and could harm jobs, energy production, and affordability. Testimony on SB 982 was extensive, but the transcript ends before any committee vote or final action on that bill.
CA
Transcript Highlights:
- of reasons that the Senator and Magda described.
- That's why I state my reason for... ...originally. That's why I state my reason for opposition.
- That's why I state my reason for opposition. Now, when Mr.
- That's the main reason why insurers will leave.
- That's the main reason why they won't write policies. That's the main reason by price points.
Committee:
Senate Insurance
CA
California 2025-2026 Regular Session
Assembly Banking and Finance Committee Feb 18th, 2026
Transcript Highlights:
- This effort is crucial for two primary reasons: consumer protections, safeguarding investors from scams
- We safeguard them and work diligently to return them to their owners.
- But the other safeguard that you have before that even happens is due diligence.
- Again, this is one super counterintuitive when it comes to digital asset mining, but the reason why I
- We see a lack of high-voltage transmission lines in this country for a number of reasons.
Summary:
The Assembly Banking and Finance Committee held an informational hearing on digital asset innovation, with opening remarks framing cryptocurrencies, blockchain, stablecoins, tokenization, and decentralized finance as a growing part of the financial system. Dennis Porter of Satoshi Action Fund presented on the market size, institutional adoption, use cases such as remittances and small-business payments, and policy developments at the federal and state levels. He also discussed risks including volatility, cybersecurity, and illicit use, while arguing that clear regulation can support innovation and consumer protection.
State Controller Malia Cohen then updated the committee on implementation of SB 822, California’s unclaimed digital asset law. She explained that the law applies to custodial accounts, not self-custodied wallets, and requires holders to conduct outreach before dormant digital assets are transferred to the state in native form. Committee discussion focused on how abandonment is determined, what counts as account activity, the expected timeline for notices and custodian procurement, and the administrative costs and staffing needed to run the program. Controller staff said the state is still building procedures, working with Oregon, and expects a significant increase in claims once the program is operational.
Porter returned with a proposal for a California digital asset reserve fund built on unclaimed digital assets under SB 822. He argued the fund could be cost-neutral, use only high-quality digital assets, and include guardrails such as an advisory board, audits, and public reporting. Committee members expressed interest in diversification and consumer protection, but also raised concerns about volatility, documentation, and market downturns. The hearing ended after public comment from industry and advocacy representatives, including support from the California Blockchain Advocacy Coalition, the Crypto Council for Innovation, and Coinbase, all urging clear, technology-neutral policy to keep innovation and jobs in California.