Transcript Highlights:

• Additionally, the bill will force app developers to probably collect more data and harvest more data
• from its users.
• I want to start with the data privacy concerns.
• Why would we do that with their data?
• It's outside Texas, yes, but we did a million square feet of data center.

Bills: HB2963, HB3005, HB3287, HB3288, HB3289, HB3290, HB3344, HB3712, HB3862, HB3874, HB4196, HB4308, HB4901, HB4984

Keywords: digital equipment, repair rights, manufacturers, maintenance, consumer rights, construction contracts, payment regulations, public works, dispute resolution, audit procedures, construction, trust funds, mechanic's lien, contractor, subcontractor, residential properties, disputes, payment obligations, accountability, payment disputes

Summary: The committee heard testimony on several bills related to technology, construction, economic development, and consumer protection. HB 3862 would restrict minors’ access to certain social media apps and limit smartphone use in classrooms; supporters, including Champions for Childhood, argued that smartphones and social media contribute to addiction, distraction, depression, self-harm, and trafficking risks, and the bill was left pending. HB 3712 would change Texas retainage rules so owners could not withhold payment on specially fabricated construction materials once they are delivered, approved, and warranted; subcontractors and suppliers said current retainage practices delay payment for years and create financial risk, and the bill was left pending. HB 2963, the right-to-repair bill, would require manufacturers to provide parts, tools, and information for independent repair of digital devices, with exemptions for medical devices, vehicles under existing agreements, and trade-secret protections; consumer, environmental, business, and repair advocates supported it, while Safelite asked that automotive manufacturers not be excluded from the bill, and it was left pending. HB 4308 would create county industrial development districts to attract major employers and finance infrastructure through local elections and bonds; Fort Bend County supported it as a tool to add jobs and broaden the tax base, and it was left pending. The committee also heard HB 3344, which would create a licensing system for re-roofing contractors, require insurance and bonding, and establish a public database and complaint process. Supporters said it would help curb storm chasers and protect homeowners after storms, while opponents argued it would add burdens on legitimate small roofers, duplicate existing fraud laws, and potentially restrict consumer choice and contractor pricing flexibility. After extensive testimony and questions, the bill was left pending. HB 4196 would create a task force on modernizing manufacturing through digital integration and automation; Schneider Electric and the Texas Workforce Commission supported it as a way to improve competitiveness and create skilled jobs, and it was left pending. HB 3874 would require contractors to receive copies of incorporated contract documents before signing if requested; subcontractors and construction attorneys said it would improve transparency and prevent parties from being bound by unseen terms, and it was left pending. In pending business, the committee voted out several bills. HB 74, creating the Port Verde Port Authority District, was reported favorably to the full House without amendment. HB 112, relating to a science park in certain counties, was reported favorably as substituted. HB 2214, on floodplain notice requirements for leased dwellings, HB 3016, on rental vehicle damage waivers, HB 3133, on explicit deepfake material on social media, HB 3173, on workforce development program planning and evaluation, HB 3807, on child care waiting list priority for children of certain child care workers, HB 463, on unilateral memoranda of contract for residential property, HB 4115, on shareholder proposals to certain domestic corporations, and HB 5008, on use of the Skills Development Fund by certain entities, were all reported favorably, most without amendment and some as substituted. HB 2652, creating a certified caregiver pilot program in the Borderplex workforce area, was also reported favorably and sent to the Committee on Local and Consent Calendars.

Transcript Highlights:

• They noted users who had commented during the public comment period of that determination.
• They noted users that had commented on the public comment on a period of that determination.
• And what we found is that in the universe we understand of vessels and users out there, we really had
• I'm extremely disappointed that we're not getting cost data today.
• So the inputs into the STOPS model are from the year 2025, for which we have that data.

Summary: The Joint Oregon-Washington Legislative Action Committee met for a work session and public hearing on the Interstate 5 bridge replacement program. Program staff outlined major milestones, including the recent biological opinion, the Coast Guard’s opening of a public comment period on the Navigation Impact Report, expected decisions in early 2026 on navigational clearance and the final supplemental environmental impact statement, and a possible amended record of decision in 2026. They also discussed the Bridge Investment Program grant amendment deadline, the need for an initial finance plan, and ongoing community outreach and contractor engagement. Greg Johnson announced he was stepping down as program administrator, and Carly Francis introduced herself as interim administrator. A large portion of the meeting focused on design and cost questions. Staff said the program is studying fixed and movable spans, single- and double-deck configurations, and one versus two auxiliary lanes, with final recommendations to be made through the federal environmental process. They said the Coast Guard’s decision is central to what bridge configuration is permittable and to the timing of the updated cost estimate, which has not yet been released. Members pressed for more detail on cost drivers, potential impacts to businesses upriver, and whether the states would need to seek additional funding. Staff said they had reached agreements with four impacted river users, but the underlying evaluation materials are protected and not publicly releasable. The committee also reviewed transit-related questions. Staff explained that light rail remains part of the modified locally preferred alternative and that ridership and operations estimates are being updated using federal modeling methods. They said projected opening-day transit operations and maintenance costs have dropped from an earlier estimate of $21.8 million to about $10.3 million annually because the current model assumes lower frequency, with Oregon and Washington shares split by geography and fare recovery. Members raised concerns about TriMet’s financial stability and the need for a funding plan by fall 2027, ahead of a planned federal transit funding application in fall 2028. During public testimony, several speakers criticized the delay in releasing a new cost estimate and argued the project scope should be reduced if costs continue to rise. Testifiers from City Observatory and the Just Crossing Alliance said the project appears to be avoiding bad news, urged the committee to consider scope reductions, and questioned whether the active transportation and freeway components align with the project’s core purpose. The meeting ended with thanks to Johnson for his service and a transition to public hearing testimony.

Transcript Highlights:

• They are in the business of data collection on their users. That is their product.
• Companies would have to verify that their users are adults, and those users would be required to enter
• , ensuring that users are protected from potential data breaches and exploitation.
• That's the data. That's part of the data collection.
• The data, Ms. Goodwin, I mean, we live in a data world.

Bills: HB24, HB45, HB15, HB35, HB38, HB47, HB318, HB349, HB554, HB1359, HB1373, HB1647, HB2254, HB2259, HB2853, HB3073, HB3088, HB353, HB355, HB786, HB762, HB705, HB932, HB849, HB 1160, HB 1119, HB1612, HB3041, HB713, HB3104, HB3970, HB3962, HB5061, HB4042, HB4115, HB4490, HB1731, HB1705, HB2607, HB3556, HB138, HB3689, HB1788, HB1887, HB1914, HB2402, HB2306, HB1809, HB2350, HB3000, HB3237, HB3326, HB3211, HB 1056, HB2081, HB2187, HB3092, HB3308, HB3526, HB3750, HB3527, HB4219, HB4230, HB4290, HB5238, HB4804, HB4749, HCR6, HCR12, HCR34, HCR50, HCR55, HCR58, HCR70, HCR71, HCR72, HCR74, HCR75, HCR78, HCR80, HCR93, HCR100, HCR107, HCR116, HCR117, HCR90, SB1806, SB783, SB1271, SB326, SB1637, SB769, SB897, SB1035, SB1706, SB1185, SB1194, SB384, SB1426, SB1468, SB1215, SB1066, SB599, SB1930, SB2065, SB767, SB1619, SB1738, HB1500, HB718, HB23, HB34, HB 119, HB 128, HB 130, HB132, HB2756, HB166, HB406, HB186, HB331, HB380, HB1583, HB1584, HB621, HB303, HB552, HB366, HB463, HB 1211, HB1327, HB1461, HB923, HB1760, HB2467, HB5333, HB1592, HB1576, HB1552, HB2018, HB3511, HB1781, HB2013, HB2340, HB2508, HB2970, HB865, HB2851, HB3385, HB3336, HB3309, HB 1127, HB 1232, HB1397, HB4236, HB4041, HB1965, HB2730, HB3698, HB3699, HB163, HB201, HB272, HB405, HB519, HB654, HB694, HB791, HB 1136, HB 1240, HB 1266, HB 1275, HB1437, HB1532, HB1675, HB1842, HB1868, HB1894, HB1943, HB1990, HB2029, HB2061, HB2286, HB2523, HB2622, HB2652, HB2692, HB2842, HB2885, HB3016, HB3096, HB3248, HB3255, HB3479, HB3611, HB3623, HB3803, HB3804, HB3805, HB3806, HB3810, HB3816, HB4129, HB4163, HB4187, HB4238, HB4454, HB4588, HB4643, HB4738, HB4739, HB4945, HB5015, HB5616, HB1749, HB1775, HB 118, HB1762, HB2520, HB24, HB45, HB15, HB35, HB38, HB47, HB318, HB349, HB554, HB1359, HB1373, HB1647, HB2254, HB2259, HB2853, HB3073, HB3088, HB353, HB355, HB786, HB762, HB705, HB932, HB849, HB 1160, HB 1119, HB1612, HB3041, HB713, HB3104, HB3970, HB3962, HB5061, HB4042, HB4115, HB4490, HB1731, HB1705, HB2607, HB3556, HB138, HB3689, HB1788, HB1887, HB1914, HB2402, HB2306, HB1809, HB2350, HB3000, HB3237, HB3326, HB3211, HB 1056, HB2081, HB2187, HB3092, HB3308, HB3526, HB3750, HB3527, HB4219, HB4230, HB4290, HB5238, HB4804, HB4749, HCR6, HCR12, HCR34, HCR50, HCR55, HCR58, HCR70, HCR71, HCR72, HCR74, HCR75, HCR78, HCR80, HCR93, HCR100, HCR107, HCR116, HCR117, HCR90

Keywords: zoning, public notice, local government, residential development, protests, peer support, first responders, mental health, confidentiality, emergency services, information network, health services, client referral, data privacy, disaster preparedness, accreditation, community services, sexual assault, victim rights, forensic examination

Transcript Highlights:

• Madam Chair, Representative Hudson, we are all about data in the judicial branch, so we have more data
• In 2023 we received 280 terabytes of data.
• We'll take the data that you have, because all of that, the real, absolute data, is what we need to know
• That's the data that we have. Thank you. Good conversation. Thank you, Madam Chair.
• <01:09:10.640> that<01:09:10.759> we that's the data that we that's the data that we

Keywords: 1183, house

Summary: The House Judiciary Finance and Civil Law Committee met to approve the January 16 minutes and then heard a budget presentation from State Court Administrator Jeff Shorba on behalf of the Minnesota judicial branch. Shorba described the courts’ structure, mission, and workload, noting 322 judges, about 2,800 staff, roughly 1 million district court filings annually, and a current budget of about $479 million. He emphasized the branch’s constitutional obligation to provide fair and timely access to justice and said the courts are funded almost entirely through legislative appropriations. He also highlighted recent accomplishments made possible by prior legislative funding, including eliminating the pandemic felony and gross misdemeanor backlog, expanding remote and hybrid hearings, improving courtroom technology, sustaining treatment courts, and increasing pay for interpreters and psychological examiners. Shorba outlined the judicial branch’s 2026–27 budget request, which he said totals a 12% increase over the starting biennial base. Major requests included $77.3 million in 2026–27 and $104 million in 2028–29 for a 6% judicial salary increase and related compensation costs; $5.1 million in 2026–27 and $1.76 million in 2028–29 for digital accessibility compliance with new federal ADA rules; $4 million in 2026–27 and $800,000 in 2028–29 to modernize justice partner access to court records; $7.2 million in 2026–27 to raise pay for contract psychological examiners; and $18 million in 2026–27 to increase juror pay from $20 to $100 per day and align mileage rates with federal rates. He also discussed ongoing funding needs for interpreter services, jury costs, cybersecurity, and other statutorily required court services, saying temporary funding provided in the prior session will expire and that permanent support is needed. Members asked questions about treatment courts, employee bargaining, and mental health competency issues. Representative Eric requested more detail on funding for newly launched and existing treatment courts, and Shorba said many treatment courts begin with federal grants before transitioning to state support after about three years. He confirmed the judicial branch negotiates its own employee contracts rather than the executive branch doing so, and said the branch has three unions plus many unrepresented employees. On mental health and competency, Shorba said the branch is focused on obtaining timely psychological evaluations and is not responsible for treatment services themselves, but acknowledged a shortage of examiners and treatment beds and said a related competency board would be testifying the following week. No votes or formal actions were taken beyond adoption of the minutes.

Transcript Highlights:

• been doing a very detailed analysis of that data and GIS mapping it by parcels across the state.
• So I think out of an abundance of caution, um, given that um there were two users primarily using it
• doing a very detailed analysis of that data and GIS mapping it by parcels across the state.
• across the state I believe that the user across the state I believe that the user on<00:20:39.120
• Report certain data to the initiatives.

Bills: HB1621, HB1880, HB1831

Keywords: pesticides, environmental impact, agriculture, 1,3-dichloropropene, chlorpyrifos, land management, wastewater compliance, state funding, survey issues, 910, house, all

Summary: The joint committees on Agriculture and Food Systems and Energy and Environmental Protection heard three bills. HB 1621 would create a conservation, agriculture, and soil health incentive program under the Climate Change Mitigation and Adaptation Commission, with annual reporting and funding. Testimony was broadly supportive from the Climate Commission, University of Hawaiʻi, Hawaii Farmers Union, White Alliance for Progressive Action, and the Farm Bureau, and the bill was described as a way to advance soil health and support producers. HB 1880 would prohibit, beginning in 2027, the use of pesticides containing 1,3-dichloropropene (such as Telone). The Department of Agriculture and Biosecurity offered written comments, Hawaii Farmers Union supported the ban citing drift and health concerns, and the Farm Bureau opposed it, arguing growers need such tools; the bill also drew discussion about crop rotation and other pest-management practices. HB 1831 would authorize funding to address survey deficiencies and wastewater compliance issues on certain non-agricultural parklands; the Attorney General’s Office warned the bill as written may violate the U.S. Constitution’s contract clause and suggested revisions, while the department and Farm Bureau supported the measure’s intent. The committees later took up decision-making and voted to pass all three measures with amendments, with the effective dates changed to July 1, 3000 and HB 1831 amended to reflect the Attorney General’s suggested changes. The Agriculture and Food Systems committee then heard HB 1572, which would establish a four-year restorative aquaculture development program to streamline permitting, expand infrastructure and workforce capacity, create pilot sites, and convene an advisory council. The Attorney General noted a technical issue about whether council members would be compensated, and the Department of Land and Natural Resources, Department of Agriculture and Biosecurity, Hawaii Farm Bureau, and Farmers Union all expressed support for streamlining aquaculture and promoting restorative aquaculture. Members asked about the bill’s focus on restorative aquaculture, and the department said the program would give the area dedicated resources and a framework. The committee also heard HB 219, which would temporarily reestablish the coffee berry borer pesticide subsidy program and manager position; the department, Waimea Coffee Association, Farm Bureau, and Farmers Union supported it. HB 2139 would fund University of Hawaiʻi research on treatment methods for the Queensland longhorn beetle. Testimony from DLNR, the invasive species council, university researchers, farmers, and the Farm Bureau emphasized the beetle’s spread and damage to trees and crops, and described nematode biocontrol as promising but labor-intensive and in need of more research and scaling. Members asked whether the funding was for research rather than a position, whether the current nematode approach is sufficient for large orchards, and whether other controls are being explored; the response was that the bill funds testing and that more work is needed, including local production of nematodes if the method proves effective.

Transcript Highlights:

• ... ...the data last fall, one pattern became very clear.
• The senior Meta data scientists warn that, “some of our users are addicted to our products,” and compared
• AB 1709 would prohibit addictive social media accounts for users under 16.
• It also violates all adult internet users' First Amendment rights.
• And the data reflects this reality.

Keywords: 988, house, all

Summary: The committee heard several bills, with extensive testimony on AB 1557, AB 1770, AB 2075, AB 1864, and AB 1709. AB 1557 would clarify e-bike power limits and set lower speed restrictions for Class 1 and 2 e-bikes; the author and police chiefs framed it as a youth safety measure in response to severe injuries and deaths, while bicycle industry representatives warned it could conflict with federal standards and disrupt California businesses. AB 1770 would place large health care service plans’ binding arbitration under Attorney General oversight and require compliance with the California Arbitration Act; supporters described patient harm and biased arbitration, while Kaiser Permanente and the Civil Justice Association said they were still reviewing amendments and had concerns. AB 2075 would require fire suppression equipment to be kept on or near tractors and other work sites to prevent wildfire spread, and AB 1864 would require screening of gene synthesis orders to prevent misuse for bioterrorism; both were presented as common-sense safety measures, with AB 1864 drawing support from biosecurity experts and some industry groups raising amendment concerns. The most extensive discussion was on AB 1709, which would prohibit social media accounts for users under 16 on platforms with harmful addictive features and create an e-safety commission. The author and supporters argued that social media companies intentionally design addictive products that harm children’s mental health, citing internal company documents, research, and recent court rulings; teen, medical, and advocacy witnesses described cyberbullying, addiction, and other harms. Opponents, including EFF and other civil liberties and industry groups, argued the bill is overbroad, violates the First Amendment, increases data collection, and could cut off access to community and information for youth, especially LGBTQ+ youth and other vulnerable groups. Committee members raised questions about out-of-state users, parental use, dark web harms, and how to preserve community resources for teens; the author said the bill targets platform design rather than speech and emphasized continued work with stakeholders. No final votes were taken during the portion of the meeting provided. The chair repeatedly noted that motions would be taken later when quorum and agenda timing allowed, and several authors asked for aye votes or said they would continue working with opponents on amendments and clarifications.

Transcript Highlights:

• data.
• the data and stopping to collect data. the data and stopping to collect data.
• You know, the country of Italy has said Replica's got to stop collecting data from our users, you know
• > know<00:56:11.839> because from our the users you know because from our the users you
• their sight. um that use biometric data their sight. um that use biometric data to<01:17:40.080>

Keywords: 1189, house, all

Transcript Highlights:

• The need with electric cars, with AI, with data centers, our society has a greater need for electricity
• But there's options to work with high load users to help pay for some of this new.
• But there's options to work with high load users to help pay for some of this new.
• But, you know, at the end of the day, it's always the end user that's going to pay for it.
• That's a large load user to put in the bill.

Bills: HB3183, HB4316, HB4484, HB3469, HB3464, HB3173, HB3989

Keywords: electric utilities, grid congestion, transmission technology, advanced power flow controllers, dynamic line rating, energy efficiency, rural water service, district organization, emergency legislation, Oklahoma, water management, state vehicles, state-owned vehicles, state-leased vehicles, motor vehicle use, commuting use, personal use, fleet management, Corporation Commission, field inspectors

Summary: The committee first considered the nomination of Russell Isaacs to the Oklahoma Water Resources Board. Isaacs described his farming background and experience with cotton, corn, sorghum, and wheat, and said he regularly tests conservation technologies on his farm. Senators discussed his water-conservation experience and the value he could bring to the board. The nomination received 10 ayes and 0 nays and was advanced to the full Senate floor. Members then took up House Bill 3183, dealing with smart transmission technology and electric grid efficiency. Senator Murdoch explained that the bill had been difficult to negotiate and that the enacting clause was stricken so work could continue on a committee substitute. He said the technology would allow existing transmission towers to carry lighter, more efficient lines, reduce wildfire risk, and potentially lower long-term rates by easing congestion. Senators asked about costs, who pays, and whether ratepayers or large load users would bear the burden; an amendment changed language from “customer funded” to “large load user funded.” The committee adopted the amendment and then passed the bill 7 ayes to 3 nays. The committee also advanced several nominations and bills related to environmental and energy policy. Steve Mason was confirmed to the Environmental Quality Board by an 8-0 vote. House Bill 4316, which removes an old deadline that prevented nonprofit corporations from converting into water districts and accessing grant funding, passed 8-0. House Bill 4484, allowing discretionary use of state-owned or state-leased vehicles between employees’ homes and workplaces to save mileage costs, passed 9-0. House Bill 3464 created a statewide framework for energy storage and solar facilities; a motion to table an amendment failed, and the bill passed 10-0 after debate over landowner protections, decommissioning, fire safety, and dual-use agricultural concerns. The committee then passed House Bill 3173, the Well-Repurposing Act, 10-0, to allow orphaned and abandoned wells to be repurposed for geothermal and energy storage uses, with discussion about surface-owner rights and possible tweaks to the geothermal temperature definition. House Bill 3469, a measure easing surety requirements for smaller producers by allowing a stair-stepped compliance schedule, passed 9-0. Finally, House Bill 3989 was amended for drafting corrections and then passed 9-0; it relates to the one-megawatt load standard and uses actual load over a two-year period rather than plate load. The chair ended the meeting by thanking members and staff and adjourning the committee.

Transcript Highlights:

• It's user-friendly, with the expectation that the end user, whether it be educators, parents, or community
• It's user-friendly, with the expectation that the end user, whether it be educators, parents, or community
• a lot of really good data on the online<00:25:32.120> data<00:25:32.399> center<00:25:
• Just look at the data.
• Just look at the data.

Keywords: 1183, house

Transcript Highlights:

• Most long-term marijuana users develop insomnia.
• The data that you referenced for every dollar collected and tax off of... ...assignment, the data that
• Maybe that's got more recent data.
• As users increase, As users increase, we deal with more violent murders and even mass shootings, which
• A big problem with THC-induced psychosis is that users and even former users don't know they have the

Bills: SB 5, SB 11, SB 12

Keywords: disaster relief, flood preparedness, emergency funding, local government support, meteorological forecasting, human trafficking, trafficking victim, compelling prostitution, affirmative defense, criminal defense, coercion, force fraud or coercion, sexual exploitation, victim protection, Penal Code, Texas criminal law, prosecution, party liability, affirmative defense statute, survivor rights

Summary: The Senate Committee on State Affairs took up Senate Bill 5, which Senator Perry described as a ban on intoxicating THC consumer products while preserving legal CBD, CBG, hemp seed, hemp seed protein powder, and hemp seed oil products. Perry argued that most retail THC products are already illegal under federal law, that the industry has used loopholes and misleading labeling to sell high-potency products, and that regulation would be ineffective because chemists can quickly alter formulations. He also said the bill would steer people with medical needs toward the Texas Compassionate Use Program (T-Cup), which he and other supporters described as the proper physician-guided alternative. Committee members and witnesses repeatedly discussed the distinction between legal hemp-derived products and intoxicating THC products, and Perry said the bill would not touch non-consumable hemp uses such as fiber and clothing. Invited testimony came from law enforcement and medical witnesses who supported the bill. Texas Police Chiefs Association representative Steve Dye, Kaufman County District Attorney Early Wiley, and Chambers County Sheriff Brian Hawthorne all said regulation would be too costly, too complex, and ultimately unenforceable, while a ban would be clearer and easier to enforce. They cited overloaded DPS labs, the need for expensive private testing, limited police and prosecutor resources, and the difficulty of keeping up with constantly changing cannabinoids and out-of-state products. Hawthorne and Wiley described raids and investigations involving warehouses, retail stores, cash seizures, and products they said were marketed to young people and often mislabeled or imported from other states. They also said the bill would help law enforcement by creating a clearer legal line and protecting legitimate CBD/CBG businesses. Dr. Lindy McGee, speaking for the Texas Medical Association and Texas Pediatric Society, testified that retail THC products pose serious risks to children and adolescents, including addiction, impaired brain development, psychosis, suicide attempts, self-harm, accidental toddler ingestions, and possible long-term cognitive effects. She said there is no effective medication treatment for THC addiction comparable to nicotine cessation tools, and she supported restrictions such as child-resistant packaging, no marketing to minors, and age limits, while opposing criminal penalties for possession by minors. Senators asked follow-up questions about brain development, memory, dementia risk, pregnancy, and cardiovascular effects. No vote was taken during the portion provided, and the committee continued with invited testimony and questions.

Transcript Highlights:

• They're all the users of the contracts, and then also the distance education program users.
• of this data with you.
• So here's another way of looking at data.
• So we'd like to see some data; the data next year will be really important to look at.
• <00:19:16.280> looks graphs and charts and that data looks graphs and charts and that data

Keywords: 1183, house

Transcript Highlights:

• data models.
• ownership, self-s sovereign data models. ownership, self-s sovereign data models.
• i.e. an individual or retail end user i.e. an individual or retail user.<01:19:53.760> um<01:
• We will work KYC AML on their users.
• strategies um to to retail RWA users. strategies um to to retail RWA users.

Keywords: 1189, house, all

Summary: The Stable Token Study Commission held its first regular meeting, welcomed all remaining appointed members, and completed brief introductions from legislators and agency designees. The chair outlined the commission’s plan to use the first part of the enabling legislation as a “level-setting” discussion, focusing this meeting on the basics of blockchain, the current landscape for stablecoins and tokenized real-world assets, and leaving blockchain-based trust for a later meeting. No votes were taken. The main presentation came from Deanna Bario Zales of the Global Blockchain Business Council, who described stablecoins as increasingly converging toward fiat-backed or asset-backed models, with algorithmic designs viewed more cautiously. She said stablecoins are being used for payments, remittances, DeFi activity, cross-border transfers, retail use in high-inflation markets, and treasury functions, while noting risks such as peg instability, reserve transparency, counterparty and network risk, and possible capital flight from weaker banking systems. She cited growth in supply, wallet activity, and transfer volume, and said U.S.-pegged stablecoins dominate the market, with USDT and USDC leading. Zales also discussed tokenized real-world assets, describing them as digital representations of physical assets that can enable fractional ownership, liquidity, and faster settlement. She said the market is growing quickly, with institutional participation from firms such as BlackRock and Franklin Templeton, and projected continued expansion. She closed with an overview of regulatory developments, emphasizing the new U.S. stablecoin framework under the Genius Act, the proposed Clarity Act, OCC guidance, and similar regimes in the EU, UK, UAE, Singapore, Japan, and elsewhere, all of which she said are shaping compliance requirements and market development.

Keywords: HI House YouTube, https://www.youtube.com/watch?v=SIuXhk3izW4, 2026-07-02T01:23:05+00:00, 2.2.24, Data collected via generic collector engine, House Agenda: https://www.capitol.hawaii.gov/Session2026/hearingnotices/HEARING_TRN_03-17-26_.PDF, 910, house, all, 2.2.42, 2.1.47

Keywords: KY LRC YouTube, https://www.youtube.com/watch?v=hcI3Jvm4k-I, 2026-06-21T07:17:08+00:00, 2.2.24, Data collected via generic collector engine, Reuploaded to restore the last few minutes of the meeting, 958, all, 2.2.42, 2.1.47

Keywords: HI House YouTube, https://www.youtube.com/watch?v=HzP9WIfOlGA, 2026-07-02T01:22:53+00:00, 2.2.24, Data collected via generic collector engine, House Agenda: https://www.capitol.hawaii.gov/Session2024/hearingnotices/HEARING_JHA_04-17-24_.PDF, 910, house, all, 2.2.42, 2.1.47

Keywords: HI House YouTube, https://www.youtube.com/watch?v=wxH9XIZ87Xo, 2026-07-02T01:22:53+00:00, 2.2.24, Data collected via generic collector engine, House Agenda: https://www.capitol.hawaii.gov/Session2024/hearingnotices/HEARING_HET_04-17-24_.PDF, 910, house, all, 2.2.42, 2.1.47

Keywords: HI House YouTube, https://www.youtube.com/watch?v=jgR221H22EE, 2026-07-02T01:22:53+00:00, 2.2.24, Data collected via generic collector engine, House Agenda: https://www.capitol.hawaii.gov/Session2024/hearingnotices/HEARING_HET_04-12-24_.PDF, 910, house, all, 2.2.42, 2.1.47

Keywords: HI House YouTube, https://www.youtube.com/watch?v=GRkmOuEUGns, 2026-07-02T01:22:53+00:00, 2.2.24, Data collected via generic collector engine, House Agenda: https://www.capitol.hawaii.gov/Session2024/hearingnotices/HEARING_HUS_04-11-24_.PDF, 910, house, all, 2.2.42, 2.1.47

Keywords: HI House YouTube, https://www.youtube.com/watch?v=PvGzkrIQraQ, 2026-07-02T01:22:53+00:00, 2.2.24, Data collected via generic collector engine, House Agenda: https://www.capitol.hawaii.gov/Session2024/hearingnotices/HEARING_LGO_04-11-24_.PDF, 910, house, all, 2.2.42, 2.1.47

Keywords: HI House YouTube, https://www.youtube.com/watch?v=gIqW3JO1Z2I, 2026-07-02T01:22:53+00:00, 2.2.24, Data collected via generic collector engine, House Agenda: https://www.capitol.hawaii.gov/Session2024/hearingnotices/HEARING_HLT_04-11-24_.PDF, 910, house, all, 2.2.42, 2.1.47