Transcript Highlights:

• So, real quickly, the bill would just allow an expanded use of HIBs that we heard earlier today for adapted
• The bill would just allow an expanded use of HIBs that we heard earlier today for adapted reuse or building
• bonds and pay-as-you-go bond sales and pay-as-you-go levies that school districts across the state use
• nonprofit that provides housing for teens experiencing homelessness, which is the type of building use
• </c><00:04:31.120><c> and</c> that they there are different uses and that they there are different uses

Keywords: 919, house, all

Summary: The committee heard House File 1340, authored by Chair Lee, which would expand the use of housing infrastructure bonds to support the adaptive reuse or conversion of buildings into affordable housing. The author described the bill as a way to help nonprofit and other affordable housing developers compete for surplus buildings, especially when school districts are selling unused properties on the open market. Tom Parent of Minneapolis Public Schools testified in support, explaining that school districts manage facilities through separate capital budgets and that selling surplus property at fair market value helps offset future property tax burdens. He said districts often face tension between maximizing sale proceeds and meeting community needs, and pointed to Minneapolis examples where former school buildings are being converted to housing, including projects serving youth experiencing homelessness. He argued the bill could better align reuse of school properties with community housing needs while protecting local taxpayers. In response to a question from Representative Scraba, the author confirmed the bill does not allocate new dollars but instead expands eligible uses under the statute for housing infrastructure bonds. No vote or formal action was taken during the exchange, and the bill was presented as part of a broader bipartisan discussion about reuse of vacant buildings for housing and other community purposes.

Transcript Highlights:

• So, class... how I um how I use mine. If you see how I um how I use mine.
• </c> to use them safely. to use them safely.
• </c> using their car. using their car.
• </c><01:21:36.720><c> what's</c><01:21:37.000><c> used</c> to a a helmet and uses what's used to a a
• </c> essentially banned for use. essentially banned for use.

Committee: Senate Transportation

Keywords: 1187, senate, all

Transcript Highlights:

• So let us be especially clear.
• advocates before us.
• Speaker, permission to use the prop.
• with mental illness or behavioral health challenges, let us come forward, let us speak up, and let us
• And so I want to thank my colleague for leading us today and reminding us how important this is.

Keywords: 988, house, all

Transcript Highlights:

• to pay us.
• to pay us.
• to pay us.
• to pay us.
• to pay us.

Committee: Joint Joint Committee on Housing

Keywords: 995, all

Summary: The Joint Committee on Housing opened its second hearing of the session with remarks from Chairs Haggerty and Cyr emphasizing that the hearing was a broad look at Massachusetts’ housing crisis rather than a single bill. They highlighted topics including zoning, permitting, rental assistance, public housing, homelessness prevention, and housing production. The first witness, Housing and Livable Communities Secretary Augustus, reviewed implementation of the Affordable Homes Act and the state’s new housing plan, citing a 1.6% vacancy rate, a projected need for 222,000 new homes over 10 years, and ongoing efforts such as ADUs by right, fair housing enforcement, eviction record sealing, seasonal communities planning, and new funding for affordable housing, public housing, and the Momentum Fund. He also discussed infrastructure support for municipalities, technical assistance for ADUs, and concerns about possible federal funding cuts. Committee members questioned the secretary about ADU financing and technical assistance, the likely unit yield from the Affordable Homes Act, infrastructure barriers in suburban and rural communities, public housing waitlist management, supportive housing, and federal budget risks. MassNAHRO then testified that public housing authorities are facing rising operating and capital costs, a statewide waitlist nearing 300,000, and uncertainty over federal Section 8 and HUD funding. Witnesses described recent state support for operating subsidies, capital improvements, vacancy turnover teams, and resident service coordinators, while warning that proposed federal cuts could sharply affect voucher issuance and agency operations. CDAC’s executive director Roger Herzog described the agency’s role as a quasi-public source of early-stage financing and technical assistance for nonprofit housing developers, noting its loan capital, supportive housing bond programs, home modification loans, and preservation work under Chapter 40T. He said CDAC has helped produce or preserve more than 55,000 units and stressed the importance of patient capital and preservation tools. CHAPA CEO Rachel Heller urged the committee to focus on production, preservation, planning, and political will, supporting goals for affordability, supportive housing, and homeownership, and endorsing policy changes such as YIGBY, clearer site plan review rules, stronger fair housing funding, and more support for vouchers and public housing. MassHousing then outlined its financing role, including mortgage lending, down payment assistance, the Community Climate Bank, and the Momentum Fund, while noting that permitting delays, capital gaps, and possible federal changes could affect production. Members also asked about transparency, prevailing wage compliance, and a recent internal restructuring related to diversity and business engagement.

Transcript Highlights:

• The question now for us is what this infrastructure will be used for.
• And at Trevor, we use it both to speak to the youth who need us and to hear what they have to say.
• They used to do it. It used to work better.
• for us to hear that and for us to understand, um, and put a face and a real story to what it is we're
• They use a platform, Padlet, to do that. And broadly, They use a platform, Padlet, to do that.

Summary: The Assembly Privacy and Consumer Protection Committee held an informational hearing on the impact of social media on LGBTQ+ youth, focusing on benefits, risks, and possible safeguards. Chair members framed the discussion around the tension between protecting young people from addictive design, harassment, hate speech, exploitation, and mental health harms while preserving access to affirming resources, community, and crisis support that many LGBTQ+ youth rely on online. Members emphasized that the hearing was meant to inform future policy rather than relitigate prior bills, and several members of the LGBTQ+ Caucus attended or participated. The first panel featured lived experience and advocacy testimony from Madi Roby of Alliance for Trans Youth Rights, Shea Gardner of LGBT Tech, and Casey Pick of the Trevor Project. Roby described social media as essential to exploring identity, finding trans language and safety information, and connecting to Trevor Project resources during a family crisis, while also acknowledging online hate and bullying. Gardner argued that lawmakers should regulate harms more precisely rather than impose broad age-based exclusions, warning that account bans and age-gating could cut off access to community, privacy-protective pseudonymity, and crisis resources. Pick testified that LGBTQ+ youth are more likely than peers to attempt suicide, that social media can be both a lifeline and a risk, and that Trevor Space and other moderated online spaces can improve mental health and reduce isolation; she also cautioned against policies that would push youth into less visible, less moderated spaces. Committee members questioned the witnesses about algorithmic feeds, addictive design, age verification, and whether platforms should be required to do more to protect youth. Several lawmakers distinguished between personalized feeds and addictive features such as infinite scroll and autoplay, and asked for more targeted prescriptions. Witnesses generally supported stronger privacy protections, limits on data collection and use, better reporting and moderation tools, digital literacy, and design changes that reduce harmful engagement patterns without eliminating access to community. The discussion also touched on the loss of LGBTQ-specific 988 services at the national level and the importance of maintaining alternative support pathways. The second panel presented research from Common Sense Media, UC Irvine, Hope Lab, and LGBTQ+ Health Australia. Researchers reported that LGBTQ+ youth often arrive online with higher depressive symptoms and limited in-person support, encounter homophobic and transphobic content at high rates, and may self-censor because of fear of harassment. At the same time, many said social media helps them feel less alone and find affirmation. Dr. Sean Young emphasized a harm-reduction approach, noting that online environments can be designed to support health and that policymakers should measure whether restrictions actually reduce harm or simply displace it. Dr. Amy Green echoed that social media is both harmful and supportive for LGBTQ+ youth, underscoring that the policy goal should be to make youth safer rather than less visible online.

Transcript Highlights:

• We could use more.
• that is being used.
• We must start looking at how much water we have, what is being used, and how it's being used.
• You've got to use a bike or walk.
• They are more convenient to use.

Summary: The committee first took up House Bill 1209, which would pause new cooperative endeavor agreements for surface water withdrawals after December 31, 2026, while allowing existing agreements to continue and renew through 2036. The author said the bill is intended to force a broader, data-driven review of Louisiana’s surface water management and to improve funding for aquatic plant control, especially giant salvinia. An amendment was adopted to broaden the description of how the aquatic plant control fund may be used and to require annual reporting on agreements, withdrawals, revenues, deposits, spending, and non-monetary consideration. Department officials said the current program is voluntary, underfunded for monitoring, and that the bill could create a gap for new users if no replacement mechanism is enacted. The bill was reported favorable as amended after testimony from supporters including the Louisiana Wildlife Federation and opposition concerns from industry representatives were noted but not formally presented. House Bill 599 was then heard, which would prohibit the sale of Louisiana running surface water outside the state. The author argued that out-of-state sales, especially involving Toledo Bend and Texas, would be short-sighted and could harm Louisiana’s long-term water interests. Supporters said Louisiana lacks a water budget and should preserve water for in-state needs, while the Department of Conservation and Energy noted that the state currently has no mandatory process for such agreements and that the bill would not affect Sabine River Authority authority. The committee reported the bill favorable. Finally, House Bill 1206, dealing with permitting and reporting of water usage at data centers, was discussed. The substitute bill and amendment would give the department authority to monitor and regulate groundwater and surface water withdrawals, require public hearings, and improve transparency through reporting and a universal project identifier. The author and supporters said the bill was prompted by concerns in communities affected by large data center projects and the lack of public hearings on water use. Department officials agreed that more comprehensive data and a clearer framework are needed, but the author voluntarily deferred the bill to continue working with the department on a broader measure for next session. The committee also heard House Bill 1171 on allowing airboats in the Mar-Paw Swamp Wildlife Management Area, but after extensive debate over noise, habitat impacts, and existing restrictions, the discussion was ongoing in the portion provided and no final action on that bill was shown.

Transcript Highlights:

• We invite anybody in the public to contact us, send us letters, send letters to our committee staff in
• So it's going to cost a lot for us to use that instead of jet fuel.
• That was the word that was used, right? And we fast... ...oil companies from gouging us.
• In terms of the used vehicles, I do think we should have a portion for used vehicles.
• Nothing from us. Hey, thank you very much. Nothing else to add. LAO? Nothing from us.

Summary: The meeting began with a budget subcommittee hearing on a proposed sustainable aviation fuel (SAF) tax credit trailer bill. Assembly Members Ávila Farías and another member spoke in support, emphasizing union jobs, refinery investments, and the need to decarbonize aviation. The Department of Finance said the Governor’s proposal would provide a $1 to $2 per gallon credit against the diesel excise tax for SAF sold in California from 2026 to 2036. The Legislative Analyst’s Office recommended rejecting the proposal, arguing it is a relatively expensive way to reduce emissions, has uncertain environmental benefits, could significantly reduce transportation revenues, and conflicts with the spirit of voter restrictions on transportation taxes. Committee members questioned whether the credit would mainly benefit out-of-state producers, whether firms would have diesel tax liability to use the credit, and whether the proposal would shift production away from renewable diesel and raise fuel prices. Administration and CARB staff said the credit is intended to support aviation decarbonization, preserve jobs, and help keep California on track toward its 2045 climate goals. LAO and UC Berkeley testimony countered that the policy could mostly subsidize existing technologies, that feedstock supply is limited, and that the net emissions benefit may be small relative to the cost. Members also asked about the effect on local streets and roads, SHOP, and trade corridor funding; Finance estimated a $165 million annual revenue impact would reduce those programs, while LAO said the reductions would mean fewer projects over time. No vote was taken, and the chair said the issue would remain open for further discussion. The committee then moved to a zero-emission vehicle incentive trailer bill proposing a one-time $200 million appropriation to CARB for a new point-of-sale incentive program focused on first-time buyers and leases of new and used light-duty ZEVs. Supporters said the program would help offset the loss of the federal EV tax credit, maintain momentum in California’s ZEV transition, and use a one-to-one match with participating automakers to double the state’s investment. LAO recommended rejection, saying the proposal does not meet the high budget bar this year, lacks enough program detail to evaluate, is unlikely to move sales significantly given the size of the appropriation, and could duplicate existing state and utility programs. Members asked about current incentives across light-, medium-, and heavy-duty sectors, the recent decline in ZEV sales, and whether the program would help lower-income buyers rather than subsidize purchases that would have happened anyway. CARB said the proposal is meant to fill a gap in the light-duty market, where sales fell sharply after the federal credit expired, and noted existing programs for other vehicle classes. The Department of Finance also addressed a separate question about the Motor Vehicle Account, saying a previously planned GGRF transfer was no longer needed because updated forecasts showed the fund had sufficient balances, though LAO said the account still has a structural long-term imbalance. The discussion ended before any vote or action on the ZEV proposal.

Transcript Highlights:

• Thank you so much for being with us, Bill.
• Adriana, do you want us to raise our hands and speak, or do you want us to put another thing into the
• Because those of us who are doing this work, those of us that, you know, are among those long-term activists
• And then we'll start using it.
• I'm just using this as an example... ...with recruitment for, I'm just using this as an example as a

Keywords: 1212, all

Summary: The Massachusetts Commission on LGBTQ Aging opened its March quarterly meeting by welcoming its first full-time director, Alison Bauer, who introduced her background in state government, public health, philanthropy, teaching, and LGBTQ family advocacy. Commissioners approved the December meeting minutes and then turned to the main presentation, a DEI workshop led by Adriana Boulin of Fenway Health and Boston Pride for the People. Boulin guided members through an interactive “power flower” exercise to define diversity, equity, inclusion, belonging, and power, and to reflect on personal values, identities, and the conditions that support or diminish power. Commissioners and guests shared examples of successful DEI work in their lives and in the commission’s work, including listening sessions, inclusive trainings, targeted recruitment, the strategic plan, the commission website, and passage of the LGBTQI+ and HIV long-term care bill of rights. The discussion also included the history of intersectionality and how multiple identities can create both barriers and advantages. The group then applied an equity lens to the commission’s strategic priority on representation and inclusion. Members discussed the need for greater racial, ethnic, gender, trans, immigrant, and regional diversity, as well as barriers such as limited seats, appointment procedures, and the challenge of recruiting people who would otherwise be the only person of their identity in the room. Participants explored possible approaches including expanding seats legislatively, using advisory structures, and building relationships with organizations and potential appointers to broaden participation. The meeting ended with appreciation for the workshop and a reminder that the next quarterly meeting will be held in June.

Transcript Highlights:

• Paul, maybe is that a strategy that works for us and keeps us consistent in the way we've handled these
• Paul, maybe is that a strategy that works for us and keeps us consistent in the way we've handled these
• can use our allocated funding to get it finished.
• can use our allocated funding to get it finished.
• So we would use the USDA funding for that.

Keywords: 965, house, all

Summary: The Water Sector Commission met with a quorum and opened with a reminder that no funding had yet been appropriated for future project awards, so any discussion of upcoming grants was speculative until the legislature acts. The committee then approved the December 10 minutes and moved through a series of deadline extensions for Phase Two state-funded projects, including Delcambre, Faraday, Meyer Branch, and Waterworks District No. 1 of Pointe Coupee Parish. Members also approved a scope change for St. Tammany Parish Project 845 to relocate an unmarked fiber optic line discovered during construction. The committee spent substantial time on Tallulah’s water rehabilitation project, where Mayor Yubon Lewis explained that the city is trying to isolate and fund the purchase of four permanent media filters, plus related electrical work, from the original approved project scope. Members questioned whether the request was a true scope change or a way to use existing funds while the city continues to rely on temporary filtration and state-led triage. After discussion, the committee approved the request and asked to be kept informed as the state continues seeking additional support for the system. The committee also approved additional funding requests for Kaplan, Ponchatoula, St. Martin Parish, and West Allen Water Works. Ponchatoula’s request included multiple change orders tied to sewer and force main work, including emergency levee repair, equipment changes, and rerouting around unmarked fiber. St. Martin Parish’s increase was tied to land acquisition and added costs for a new well site in a multi-phase consolidation project. West Allen’s increase stemmed from a failed well drilling effort and was supported by cost reductions from the contractor and engineers, which members treated as in-kind match. In contrast, Tensaw Water Association’s very large request to consolidate Newellton drew significant concern over cost growth, scope, and timing; after extensive questioning, the committee deferred that item to the next meeting for further review. The meeting ended with an update that about 42.11% of ARPA funds remain, 16 projects are now considered high risk, and staff will continue ground-truthing project status and pushing ARPA dollars out first before adjournment.

Transcript Highlights:

• And here's hoping that in 2026, we do not use, liberally use trailer bills to affect a non-budget related
• And if it sinks, it's all of us in it, not just one of us. It's all of us.
• So that's on us.
• How many of us? How many of us does it take to make up that one guy leaving?
• Some of us.

Committee: Senate Budget and Fiscal Review

Summary: The Senate Budget and Fiscal Review Committee heard opening remarks on the Governor’s 2026-27 budget and presentations from the Department of Finance and the Legislative Analyst’s Office. Chair Laird described the proposal as roughly balanced with $23 billion in reserves, while Vice Chair Niello argued the revenue estimates were overly optimistic and warned of a structural deficit, calling for a deeper review of programs and concern over the state’s $20 billion unemployment insurance debt. Finance said the budget is balanced in the budget year but still leaves a roughly $2.9 billion deficit, with out-year gaps above $20 billion, and characterized the plan as largely a workload budget with limited new spending or cuts. The LAO said its office sees substantial downside risk to the revenue forecast, emphasized the volatility of stock-market-driven revenues, and urged the Legislature to begin addressing the structural deficit now rather than waiting until May. Members focused on the implications of federal policy changes, Medi-Cal, CalFresh, and the MCO tax, as well as the state’s reserve strategy. Senators Menjivar and Richardson raised concerns about health coverage reductions, county costs, hospital finances, and the lack of a broader revenue solution, while Finance said the state cannot fully backfill federal cuts and is still assessing the impacts. The LAO recommended rejecting the proposal to suspend the rainy day fund deposit and setting aside the proposed Proposition 98 settle-up rather than using it for spending. Finance defended both proposals as necessary to balance the budget year and said it plans to begin discussions with legislative leaders before the May Revision. The committee also discussed climate and transportation funding, including cap-and-trade/GGRF allocations for Cal Fire, interest earnings from the fund, zero-emission vehicle incentives, and AB 617 air quality investments. Senator Reyes questioned the focus on light-duty ZEV incentives instead of heavy-duty vehicles, and Finance said the proposal is intended to partially replace the federal consumer tax credit and that some heavy-duty funding remains from prior years. Senator Richardson also raised concerns about Olympics-related infrastructure, courthouse repairs, and displaced workers, while other members stressed homelessness funding and the need for more immediate action on out-year budget problems. No formal votes or actions were taken during the portion provided; the hearing was informational and moved into member questions after the presentations.

Transcript Highlights:

• Tell us about the bill.
• We have Senate Bill 585 before us.
• I learned it through Make Us Visible.
• Samantha Mark, are you with us? Yes.
• The bill helps us use education as a tool for safety, belonging, and civic understanding.

Summary: The committee first heard Senate Bill 5901, which would change the school construction assistance program so that instructional space on military bases is excluded from a district’s available space inventory when calculating state construction aid. Staff explained the bill would also require state assistance to equal approved project cost minus federal funding received. Senator Christian said the measure is intended to prevent military-base facilities from unfairly reducing districts’ ability to modernize or build schools. Testimony in support came from OSPI, Clover Park School District, and Medical Lake School District, which said the current formula penalizes districts serving military families and can leave them unable to secure needed renovation funding. No opposition was heard, and the bill was later described as having an indeterminate fiscal impact. The committee then took up Senate Bill 5860 on school board compensation. The bill would raise director pay from $50 to $100 per day, increase the annual cap, allow child care expenses to be reimbursed, require OFM to periodically adjust compensation, and direct WASDA to develop finance training for school directors. Senator Cortez said the changes are needed to broaden who can serve on school boards and to help working families participate. Supporters from OSPI, WASDA, and South Sound superintendents said compensation could improve diversity and help recruit and retain board members, though WASDA noted concerns about diverting district funds and said its members do not have consensus on mandatory training. Opponents argued the bill would misuse levy funds and that child care and other expenses should not be paid from local education levies. The committee also heard Senate Bill 5956 on artificial intelligence, student discipline, and surveillance in schools, which would bar automated systems from being the sole basis for discipline decisions, prohibit risk scores and biometric surveillance, require OSPI guidance updates, and direct WASDA to create model policy. Senator Nobles and supporters said the bill is needed to protect students from discriminatory and inaccurate AI-driven decisions; no vote was taken in the hearing. Finally, the committee heard a proposed substitute for Senate Bill 5574, which would require districts to include instruction on Asian American, Native Hawaiian and Pacific Islander, Latino American, and Black American history in required social studies courses during the regular curriculum review cycle, with reporting beginning in 2030. Senator Nobles said the bill is meant to address exclusion and bias in history education and to help students see themselves reflected in the curriculum. Testifiers from education, student, parent, and community groups overwhelmingly supported the measure, saying it would improve belonging, reduce bullying, and build on existing curriculum resources without creating a new course or major new cost. The hearing ended without a vote or other formal action on SB 5956 or SB 5574.

Transcript Highlights:

• Thank you for having us.
• Thank you so much for having us.
• . being used.
• When you come before us, don't forget to let us know.
• This doesn't only make us uncomfortable, sluggish, and kind of give us brain fog, right?

Committee: House House Government, Elections & Indian Affairs

Transcript Highlights:

• We've been able to use these projected revenues.
• Cost us $1 to build in 2020, now cost us $1.62.
• The motor fuel taxes affect us, they come to us in two areas, both on the It's set up generally at about
• So they come back, and they give it to us.
• in turn accelerates the development of projects for us, and it places us in a great position to partner

Committee: House S/C on Transportation Funding

Keywords: 1184, house, all

Transcript Highlights:

• ’re using and how they’re using them.
• We want them to continue with us. So it is always going to be a priority for us.
• Be a priority for us.
• We use satellite as well, and frankly, we used satellite before satellite was cool.
• It's just north of us.

Committee: Senate Business & Commerce

Keywords: 1185, senate, all

Transcript Highlights:

• Send us strength, send us love, and send us grace. Amen. >> Amen.
• , send us love, and send Send us strength, send us love, and send us<00:01:44.560><c> grace.
• </c> us grace. Amen. us grace. Amen. &gt;&gt; Amen.
• want to use.
• </c> and to have and use. and to have and use.

Keywords: 1187, senate, all

Transcript Highlights:

• us as well.
• , some of us tried very hard to deal us, some of us tried very hard to deal with<01:06:21.920><c> the
• Come see us.
• Come see us.
• Come see us.

Keywords: 918, senate, all

Summary: The subcommittee opened its first meeting of the session with member introductions and a statement from the chair that veterans issues would remain distinct and receive separate attention. The first item was an update on the Minnesota Military and Veterans Museum at Camp Ripley from Executive Director Randall Dietrich. He said the museum has operated for nearly 50 years, has outgrown its current space, and is building a new 40,000-square-foot facility with $32 million in state support plus several million more in private funding. He described construction progress, planned exhibits including restored military artifacts and the USS Ward gun, and said the museum is scheduled to open on September 12. In response to Senator Kunish, Dietrich said the museum is actively incorporating stories and flags representing women, tribal nations, and other underrepresented groups, including 11 tribal flags at the entrance, and is working to integrate those stories throughout the galleries rather than isolating them. The committee then received an update from the Minnesota Department of Veterans Affairs on the veterans suicide prevention plan from Rachel Johnson, Veterans Committee Health Director, with John Kelly later answering questions on department impacts. Johnson said the plan is a coordinated statewide framework built with legislative support, expanding regional coordinators, veteran health navigators, data analytics, and community partnerships, including a suicide mortality review pilot in Hennepin County. She said Minnesota loses about 100 veterans a year to suicide, that firearms remain the primary mechanism, and that prevention must address community connection, economic stability, and access to care, not just clinical treatment. She also said the plan aligns with state and federal strategies and is intended as a living roadmap. In response to questions, Johnson said the department is exploring data-sharing policy issues, has not seen a direct financial impact from federal VA staffing changes, and is tracking federal proposals affecting VA advisory groups. She also said 988 data is available in general but more Minnesota-specific data on the veteran option is still being gathered. Members asked follow-up questions about trends in veteran suicide, the role of families in identifying warning signs, and the Hennepin County mortality review pilot. Johnson said the annual number has remained around 100 for about 15 years, with a dip in 2024 and a return to that level in 2025, and that the Hennepin County pilot was chosen because it offers a manageable geography and existing coalition work, with an initial review expected by May or June. The final item began a presentation from the Minnesota Association of County Veteran Service Officers. Legislative chair Larry Fonder said the group’s priorities are protecting veterans from fraud and modernizing the property tax benefit for disabled veterans, but the presentation would focus on educating the committee about the role, training, certification, and accountability of county veteran service officers. President Tom Anderson, the Winona County VSO and a Navy veteran, began describing his background and office staffing when the transcript ended.

Transcript Highlights:

• </c><00:58:26.000><c> Um,</c> specifics to us. Um, specifics to us.
• Fraudsters use gift cards. They use ATM machines.
• They use ATM fraudsters use gift cards.
• use is you um one use, one legitimate use is you might<01:16:18.080><c> need</c><01:16:18.719><c> uh
• </c> front of us? front of us?

Committee: Senate Commerce

Keywords: 1191, senate, all

Transcript Highlights:

• Now they put us on buses to take us Now they put us on buses to take us Now they put us on buses to take
• by anyone that want to use to be used by anyone that want to use to be used by anyone that want to use
• They're using these apps to prey using. They're using these apps to prey using.
• We Alabama, they can call us and ask us. We Alabama, they can call us and ask us.
• some of those uh used some and and used some of those uh used some and and used some of those uh used

Keywords: 920, all

Transcript Highlights:

• </c><00:12:02.160><c> during</c> acetamin is associate used during acetamin is associate used during
• So this is a priority for us.
• Do not use elevators. Repeat, stairway. Do not use elevators.
• /c> So, right now we used um we used some So, right now we used um we used some grant<01:30:00.800><c
• ,</c><02:46:23.840><c> making</c> leading us, helping to guide us, making leading us, helping to guide

Keywords: 910, house, all

Transcript Highlights:

• </c> use cases. use cases.
• using.
• You're using it stack that you're using.
• ><c> us.
• Come use our system. Come use our platform.

Keywords: 1189, house, all

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