Transcript Highlights:

• So, if we could just look at that, maybe not 10% of your Medicaid payments.
• So, if we could just look at that, maybe not 10% of your Medicaid payments.
• But we saw a vulnerability when we had that little payment lag.
• But we saw a vulnerability when we had that little payment lag.
• We saw a that little payment lag.

Bills: HF3423, HF2354, HF3634

Keywords: healthcare, provider enrollment, medical assistance, legislation, state funds, fraud prevention, subpoena authority, criminal penalties, consumer protection, service verification, Medicaid, human services, electronic documentation, 1183, house

Transcript Highlights:

• and lower refunds income tax payments and lower refunds for<00:15:57.040> tax<00:15:57.360>
• The state provides monthly payments, referred to as capitation payments, to health plans to cover services
• These increases resulted in substantially higher capitation payments compared to what was assumed at
• :25:56.240> referred state provides monthly payments referred state provides monthly payments
• They will get stopped on payment until we... >> Will get stopped on payment until we verify that.

Keywords: 1187, senate, all

Transcript Highlights:

• We would like enhanced authority to stop payment on services.
• We're not going to send payment. Is there anything that would prevent you from doing that today?
• Chair, Senator Rasmusson, you are correct that we do have authority today in law to stop payments, but
• <00:55:34.520> but today in law to stop payments but today in law to stop payments but providing
• They're all receiving payments from the department. Why is it such a big deal?

Keywords: 1187, senate, all

Summary: The committee heard a presentation from DHS on its early intensive developmental and behavioral intervention (EIDBI) study and related licensing proposal. Christy Grom explained that EIDBI is a Medical Assistance state plan service for children and young adults under 21 with autism or related conditions, and that DHS’s multi-phase evaluation included standards review, community engagement, and a comparison with other states. She said the service is important but that DHS identified gaps in oversight, including stretched clinical supervision, providers affiliated with many centers, out-of-state providers, and rapid growth in enrollment that has outpaced current monitoring capacity. DHS’s main recommendation was to create a provisional license for EIDBI in Chapter 245A as an immediate step, with later work toward full licensing standards. The proposal would let DHS identify controlling individuals, disqualify ineligible people, investigate maltreatment, suspend or revoke licenses, require background studies and qualifications before service delivery, move EIDBI providers into a higher-risk category for revalidation, and make DHS the lead investigative agency for maltreatment. DHS also recommended statutory standards for supervision, caseloads, training, and documentation, while emphasizing the need to balance oversight with continued access to services. Grom said the provisional licensure proposal is part of the governor’s budget and that DHS hopes to begin implementation in 2025, with a possible full license start date in 2028. Testifiers then spoke in support of EIDBI while urging the committee to preserve access and include more community input. Ana Hagi Muhammad, a parent of three autistic children and a Somali community advocate, said EIDBI has been beneficial for her family and that community organizations serving Somali families have not been sufficiently engaged in DHS’s process. Ana Muhammad, a Black mother of a young autistic child, said ABA has helped her son with communication, self-regulation, and independence, and asked that discussions reflect the diversity of family experiences. Committee members asked testifiers to keep remarks brief and to identify which modality they use, and the chair indicated the committee would continue hearing from additional testifiers before further discussion.

Transcript Highlights:

• recognized central bank digital currency from being recognized as legal tender or used as a medium of payment
• recognized central bank digital currency from being recognized as legal tender or used as a medium of payment
• This details the percentage of money spent in the previous contract year on direct payments to providers
• 1270 authorizes an employer of corrections employees to make a supplemental contribution incentive payment
• members, Senate Bill 1043 provides a means for a state agency to accept virtual currency as a method of payment

Keywords: 1182, all

Summary: The caucus reviewed a long agenda of Senate bills across elections, commerce, education, government, health and human services, judiciary, public safety, transportation, rural development, and ways and means. Many measures were described as consent or third-read consent items, including bills on campaign finance termination statements and late-report penalties, AI provenance data for media, adjuster/contractor conduct during emergencies, Industrial Commission changes, association meeting closures, banking and remittance rules, central bank digital currency, public safety parity funding, barbering and cosmetology board continuation, digital asset reserve management, contractor licensing, gaming and racing commission continuation, school AED instruction, classroom removal procedures, school safety reporting, special education complaint transparency, foreign influence and land ownership restrictions, DCS and DES process changes, health care licensing and reimbursement rules, EMS compact adoption, and multiple tax, housing, and transportation measures. Staff repeatedly summarized each bill and answered questions, with several bills noted as mirror or identical to House measures or as strike-everything amendments from committees. A few bills drew discussion. On SB 2874, staff explained that the Senate amendment would limit penalties for untimely campaign finance reports when a committee certifies it received no contributions and made no expenditures, but the sponsor did not concur. SB 1074 prompted questions about whether parental notification changed; staff said it did not and that the bill was aimed at improving communication between teachers and principals about discipline. SB 1175, requiring DCS caseworkers to photograph children at each interaction in abuse or neglect cases, drew concern about the scope of the photos, while supporters said it would improve continuity and documentation. SB 1180 also drew comment because the sponsor and committee chair disagreed over an amendment, though the bill was advanced for further work. The most extended debate came on SB 1751, which would allow death-row inmates to choose firing squad, lethal injection, or lethal gas if voters approve the related constitutional measure. One member strongly opposed the bill on moral and personal grounds, another argued it could be a more humane option if the state is going to carry out executions, and a third raised concern that it could be used against Second Amendment rights. The bill remained on the third-read consent calendar despite the objections. The caucus concluded after moving through the remaining agenda items, with no formal votes recorded in the transcript beyond committee status and consent-calendar placement.

Transcript Highlights:

• communities under 2,500 may apply for a loan up to $5 million for an 11-year term, with interest-only payments
• Well, I believe that one of the creditors that is seeking payment is a financial institution.
• institution included in that, so evidently that institution has either called the loan or expects payment
• And their payments a year is $525,000, or $522,000 is what their payment schedule is going to... $522,000
• is what their payment schedule is going to be.

Bills: HB1621, HB1624, HB1623, HB1622, HB1625, HB1626, HB1627, HCR3038

Keywords: presidential physical fitness test, physical education, fitness assessment, student fitness, school curriculum, graduation requirements, elementary school, middle school, high school, public schools, nonpublic schools, superintendent of public instruction, exceptions, disability accommodations, North Dakota studies, computer science, cybersecurity, health education, concept-based fitness class, school standards

Summary: The North Dakota House convened in special session with prayer, roll call, and a quorum present, then took up several rural health-related bills. Senate Bill 2401, as amended, required physicians to complete one hour of continuing education in nutrition and metabolic health each renewal cycle and also added language allowing criminal history background checks for the Board of Occupational Therapy Practice. Supporters emphasized the role of nutrition in reducing chronic disease, and the bill passed 92-0. The House then considered Senate Bill 2402, which expanded pharmacists’ limited prescriptive and therapeutic substitution authority for certain low-acuity conditions and clarified related lab-test and communication requirements. Members discussed examples such as motion sickness, cold sores, lice, hypoglycemia, COVID and flu testing, emergency access to medications and supplies, and limits excluding certain drug classes; the bill passed 91-1. Senate Bill 2403 created a temporary medical facility emergency operating loan option through the Bank of North Dakota for qualifying rural hospitals facing severe financial distress, with extensive debate over the targeted nature of the aid, anti-gifting concerns, repayment terms, and the hospital’s turnaround plan; it passed 80-12. Senate Bill 2404 appropriated funds for NDIT to address federal digital accessibility requirements and for the Public Service Commission’s litigation efforts related to transmission costs, with a backup loan authorization available if needed; it passed 92-0. At the close of the session, leaders thanked members and staff for their work on the rural health transformation package, a committee notified the Governor and the Senate that the House had completed its business, absent members were excused, and the House adjourned sine die.

Transcript Highlights:

• However, the Senate removed the second 50/50 split source allocation for how the state radio communications

Keywords: 1189, house, all

Transcript Highlights:

• These upper payment limit and supplemental payment programs that do try to bring the Medicaid revenue
• the prospective payment the prospective payment that<00:12:41.280> the<00:12:41.560> other
• <00:13:14.560> policy the idea of if we had a payment policy the idea of if we had a payment
• major share of their payments. major share of their payments.
• is the federal CMS payment schedules? is the federal CMS payment schedules?

Keywords: 916, all

Transcript Highlights:

• The first chart on the left ranks states by the number of medical malpractice payments per 1,000,000
• There's a lump sum payment up front. Now let's say I don't live six years.
• It's just a sloppy solution to create a lump sum payment.
• If it's 40% of that $500,000, it's $200,000, with the remainder going in a lump sum payment.
• You assumed that it is best to not provide lump-sum payments for particular reasons.

Transcript Highlights:

• The fee increase ensured payment of salaries and benefits for employees and funded certain discipline
• Dental plans often contract with third-party companies to issue provider payments to dental practices
• However, accepting this form of payment charges the dental office a processing fee of 2 to 5 percent
• payment through their credit card terminal.
• , along with details on the alternative payment method.

Summary: The Assembly convened, established a quorum, offered prayer and the Pledge of Allegiance, and then moved through a long floor file with many Senate bills. Early procedural actions included unanimous-consent motions, a successful roll-call to rescind prior action on SB 351, and a 54-vote suspension of Joint Rule 61(a)(3) to allow floor amendments on SBs 80, 351, and 415. The chamber also made several referrals, moved one item to the inactive file, and welcomed new Assembly Member Natasha Johnson and other guests. The bulk of the meeting consisted of concurrence and third-reading votes on a wide range of measures, many of them passing with little or no opposition. Topics included tribal gaming grants (AB 221), State Bar fee and bar exam changes (SB 253), AI guardrails in community colleges (SB 241), consumer arbitration clauses (SB 82), due process for law enforcement in Racial Justice Act cases (SB 734), dental payment fee disclosures (SB 386), HOA balcony inspection reports (SB 410), farmland protection and EIFD rules (SB 5 and SB 516), emergency shelter zoning (SB 340), HIV confidentiality (SB 504), election signature-cure reforms (SB 3), contractor workers’ compensation compliance (SB 291), fire training funding (SB 345), wage theft enforcement (SB 355 and SB 261), food allergen disclosures (SB 68), ride-share insurance coverage (SB 371), housing and disaster recovery measures (SB 233, SB 625, SB 21), midwifery education (SB 520), mobile home insurance access (SB 525), epinephrine in schools (SB 568), health facility emergency licensing (SB 582), hair relaxer enforcement (SB 236), wastewater surveillance (SB 317), and several tax, transportation, and public health bills. A number of bills drew brief policy debate or opposition. SB 388, creating a California Latino Commission, prompted criticism from some members who argued the money should go directly to community needs rather than a new commission; it still passed. SB 50 on digital safety for victims of abuse, SB 20 on silicosis prevention, SB 306 on prior authorization reform, SB 373 on oversight of out-of-state special education placements, and SB 437 on reparations descendant-status verification were among the more substantive and discussed measures. Most bills passed by wide margins, often unanimously, and several urgency or tax-levy measures required 54 votes and were approved. The session ended with continued passage of remaining file items and multiple items retained or passed temporarily for later action.

Transcript Highlights:

• Now, on the other hand, when they were told, no, you have to produce some form of payment because we
• Now, on the other hand, when they were told, no, you have to produce some form of payment because we
• So, a payment plan option already exists for students, but it does require a first payment to be made
• So, a payment plan option already exists for<00:32:55.440> students,<00:32:56.480> but
• to be made and then first payment to be made and then subsequent<00:33:01.679> payments<00:33

Keywords: This meeting will take place Upon Adjournment of both Chambers. An exact time is not given or known at this time., 958, all

Summary: The Government Contracts Committee met for its first 2026 meeting, approved the December 9 minutes, and reviewed 337 contracts totaling about $71.8 million. After a motion to consider the routine contract lists without objection passed, the committee pulled several items for discussion, including contracts from the Council on Postsecondary Education, the Department of Highways, the Kentucky Horse Racing and Gaming Commission, and Kentucky State University. Most items were ultimately approved by roll call votes. For the Council on Postsecondary Education item, members discussed why the contract was not handled through the usual Finance Cabinet bidding process. Staff explained it stemmed from House Bill 200 and the healthcare workforce incentive fund, which uses a separate competitive award process and steering committee under different statutory standards. The committee accepted that explanation and approved the contract. Department of Highways staff then explained the difference between scour assessments, which evaluate erosion and foundation risk around bridge piers, and load ratings, which assess the bridge structure itself. Members also questioned a larger engineering contract increase; staff said it reflected progression from preliminary engineering to final design on a phased project and estimated the funding split at roughly 80% federal and 20% state. Those highway contracts were approved. The Kentucky Horse Racing and Gaming Commission presented a legal services contract. Officials said the new corporation had identified legal needs, issued an RFP, and awarded four firms to create a pool of counsel to avoid conflicts as the agency now licenses racing, sports betting, and charitable gaming. They also said an emergency contract was needed after a temporary restraining order was issued in litigation involving charitable gaming machines and alleged losses to charities. The committee asked about the litigation and the affected organizations, and the contract was approved. Kentucky State University then defended a marketing/enrollment contract despite financial concerns, saying the work was intended to raise awareness of the university, improve enrollment, and support financial stability. University officials also said they were tightening student payment enforcement and collection practices, including payment plans and holding students accountable for balances. That contract was also approved.

Transcript Highlights:

• um 0.55% of pay with state aid payments um 0.55% of pay with a<00:56:42.599> total<00:56:42.880
• Since we are an independent plan, we manage our cash flows, so when we need to make pension payments,
• Since we are an independent plan, we manage our cash flows, so when we need to make pension payments,
• we need to sell Investments to payments we need to sell Investments to fund<01:10:14.880> those
• still making our benefit payments still making our benefit payments markets<01:10:33.000> tend

Keywords: 1187, senate, all

Transcript Highlights:

• We've extended that deadline to implement the payment withhold several times over the course of the past
• DHS has issued a payment withhold for New Way, and that was issued over a year ago in February of last
• And you'll see in the court filings that the reason that DHS issued that payment withhold is because
• DHS has issued a payment withhold for New Way, and that was issued over a year ago in February of last
• And you'll see in the court filings that the reason that DHS issued that payment withhold is because

Keywords: 1187, senate, all

Transcript Highlights:

• Uh, this bill is the Medicaid supplemental payment program for public ground ambulance providers.
• Assembly has those true over-and-above payments.
• Assembly has those true over-and-above payments.
• so legislators School insurance payments so legislators School Employees<01:02:29.960> school
• 340b all uh fmap all directed payments 340b all uh fmap all those<01:28:12.800> things<01:28:

Keywords: Meeting start 00:06:05 Roll Call 00:06:33 HB 152 Discussion 00:07:55 HB 152 PHS 2 Vote 00:10:12 HB 545 Discussion HB 545 PHS 1 Vote 00:13:47 HB 606 Discussion 00:15:15 HB 606 Vote 00:16:32 HJR 30 Discussion HJR Vote 00:19:07 HJR 32 Discussion 00:20:25 HJR 32 PHS 1 Vote 00:23:11 HJR 34 Discussion 00:25:04 HJR 34 PHS 1 Vote 00:28:50 HJR 46 Discussion 00:30:09 HJR 46 Vote 00:34:15 HJR 53 Discussion 00:35:40 HJR 53 Vote 00:38:55 HJR 54 Discussion 00:40:15 HJR 54 Vote 00:40:50 HB 546 Discussion 00:42:15 HB 546 PHS 1 Vote 00:46:15 HB 605 Discussion 00:47:38 HB 605 PHS 1 Vote 00:52:10 HB 694 Discussion 00:53:46 HB 694 Vote 01:07:47 HB 695 Discussion Only 01:10:20, 958, all

Summary: The House Standing Committee on Appropriations and Revenue met on February 25 and considered a series of bills and joint resolutions, mostly involving appropriations, capital projects, and local infrastructure funding. The committee first adopted PHS 2 and passed House Bill 152, which creates a Medicaid supplemental payment program for public ground ambulance providers; the sponsor said the substitute ensures no state general fund dollars will be used and that local agencies must identify a funding source for any required match. HB 152 was reported favorably on a 20-0 vote. The committee also passed House Bill 545, the annual claims bill, after members confirmed all executive-branch claims were included; it was reported favorably on a 21-0 vote. House Bill 606, requiring reporting for general obligation bonds, also passed unanimously and was reported favorably. The committee then took up several joint resolutions tied to capital and infrastructure spending. House Joint Resolution 30, concerning water projects, was described as implementing ranked projects under the Waters program administered by KIA and was reported favorably on a 21-0 vote. House Joint Resolution 32, concerning school facilities construction, was amended by PHS 1 and advanced after discussion referencing the Auditor’s report and questions about a Johnson County Schools expenditure; it also passed 21-0. House Joint Resolution 34, relating to contingent appropriations for KCTCS, was amended by PHS 1 and advanced after testimony outlining three projects in Somerset, Jefferson Community and Technical College, and Glasgow; it passed 21-0. House Joint Resolution 46, for local road projects, was described as funding the highest-scoring local road requests from a larger pool of applications and passed 21-0. The committee also advanced House Joint Resolution 53, authorizing release of funds for KSU’s Health Sciences Center project, after KSU officials said the building is needed for nursing and allied health programs and promised a business plan report by November 1, 2025; it passed 21-0. House Joint Resolution 54, authorizing funds related to the State Fair Board, also passed unanimously. Later, the committee considered House Bill 546, which revises the local roads and streets program by adding a DOT-developed scoring system, monthly reporting, a match requirement, and a $500,000 project cap; members asked about the cap and were told larger projects should be handled through other mechanisms. HB 546 was reported favorably on a 21-0 vote. Finally, House Bill 605, a technical corrections and update bill for the local economic relief grant program, was amended by PHS 1 and discussed as expanding eligibility, including to the Delta Regional Authority and certain local-affiliated applicants; the transcript cuts off before the final vote on HB 605.

Transcript Highlights:

• The supplemental benefit payments were, and are currently, pay-as-you-go from institution budgets.
• intent that the Department of Retirement Systems would assume responsibility for making benefit payments
• And then for financial information, employer contributions were $11.7 million, and benefit payments were
• but experience is ultimately what's going to determine the size and the timing of future benefit payments
• That's going to determine the size and the timing of future benefit payments. So, yeah, thank you.

Keywords: 904, all

Transcript Highlights:

• universal, that relieves the short-term fiscal burden on cities and towns by making up the deferred tax payments
• ultimately be revenue neutral for the state as well, once the program is up and running and the deferred payments
• We believe there should be a way for eligible homeowners to defer part of their tax payment until the
• inequity and financial strain on vulnerable populations... ...valuations; reconsider the PILOT, the payment
• Six, create accessible payment plans for property taxes for seniors to ease financial stress and prevent

Keywords: 995, all

Summary: The Joint Committee on Revenue held a hearing on bills related to senior and disability property tax relief, with a focus on helping older adults and people with disabilities remain in their homes. Testimony supported H. 3968, which would make certain senior and disability property tax exemptions permanent so eligible residents would not have to refile annually, and H. 3198, which would expand the senior circuit breaker tax credit by indexing income and credit limits to cost of living and raising the home valuation cap from $1.1 million to $1.5 million. Representative Scanlan also testified in favor of several additional bills, including a local option motor vehicle excise tax exemption for low-income seniors and veterans, a local property tax cap for low-income seniors, an expanded senior property tax exemption, and a senior property tax deferral program designed to be revenue neutral over time. Witnesses from the City of Boston, the Massachusetts Municipal Association, and the Massachusetts Association of Assessing Officers generally supported local-option property tax relief measures and said they would help seniors age in place while giving municipalities flexibility. Committee members raised concerns about possible abuse or fraud if exemptions became permanent, and about how assessors would verify continued eligibility without annual reapplication. Supporters responded that eligibility could still be tied to real estate transactions and other documentation, and that the current annual filing requirement causes many eligible seniors to miss out on benefits. Mass Senior Action Council members testified that many seniors are struggling with rising property taxes, insurance, and other costs, and urged broader reforms such as freezing assessed values, improving outreach, strengthening the work-off program, and allowing more flexible payment or deferral options. No votes were taken; the hearing concluded after testimony and questions.

Transcript Highlights:

• necessary. ...of the language as far as any repairs that were necessary and how it would affect the payment
• You cannot require payment up front.
• Bill 1117 by Representative Furman is an act in Title 22 relative to certain insurer contractual payments
• Thank you. ...certain insurer contractual payments to provide for prescriptive periods.
• This is the bill that dealt with a written notice to the claimant, and the payment does not interrupt

Bills: SCR12, HB221, HB509, HCR58, SB78, SB25, SB80, SB132, SB155, SB157, SB202, SB228, SB250, SB414, SB433, SB479, SB513, SCR9, SCR58, SB65, SB215, SB249, SB269, SB282, SB296, SB323, SB363, SB369, SB474, SB490, SB492, SB500, SB514, HCR32, HB17, HB41, HB73, HB223, HB244, HB759, HB906, HB966, HB1006, HB1009, HB1086, HB1107, HB1112, HB1215, HB1242, SB217, SB283, SB469, HB36, HB42, HB74, HB119, HB159, HB259, HB302, HB414, HB459, HB776, HB848, HB956, HB1017, HB1028, HB1095, SB208, SB312, SB382, SB389, HB210, HB258, HB359, HB368, HB468, HB552, HB732, HB784, HB870, HB953, HB1117, HB1236

Keywords: logging, recognition, John Keith, environment, safety, Mississippi River bridge, Trump Expressway, transportation, federal funding, Louisiana highways, injection wells, public hearing, geologic sequestration, environmental impact, public comment, Ascension Parish, state capitol, economic development, community partnership, celebration day

Transcript Highlights:

• . $1 billion to ERA for a one-time legacy payment to amortize the system's unfunded actuary liabilities
• Gross and soundness and eliminating any unfunded actuarial liability with the annual legacy payments
• and additional lump sum payments approved in the most recent session.
• legislatures will appreciate, and it's projected to save $2 billion to $3.5 billion in interest payments
• Payments to change the narrative that ERS is being underfunded—that narrative. no longer exists.

Bills: SB1, HB500, SB 1

Keywords: appropriations, budget, state funding, education, healthcare, infrastructure, state budget, mental health funding, education funding, infrastructure improvements, public safety, campground safety, youth camp regulations, flood safety, emergency evacuation, health and safety standards, 1184, house, all

Transcript Highlights:

• And five, prior year adjustment delays payment to school districts.
• Six, scholarship payments are made outside of the authorized quarterly payment schedule, usually monthly
• compliance with a November 1 deadline allows scholarship students to receive the first and second quarter payments
• for funding in the FFP, and B, to calculate the amount of state funds to withhold for scholarship payment

Summary: The Pre-K through 12 Budget Subcommittee met for two workshops. The first focused on vacant positions in the Division of Early Learning and the Department of Education. Committee members reviewed vacancy reports, including long-vacant positions and positions that had received discretionary pay adjustments. Division and department officials said many vacancies were being filled, advertised, or under review, but acknowledged persistent recruitment and retention problems, especially for engineering, legal, finance, IT, and other specialized roles. Members questioned whether some long-vacant positions were still necessary, whether overtime and workload were being affected, and whether outside contracting, cross-training, combining positions, or eliminating some vacancies could help. Officials said they were considering those options and noted that hiring has become slower and more difficult since the pandemic, with lower applicant volume and more competition from other agencies and private employers. The second workshop addressed draft legislation related to school choice scholarships and the FEFP. The chair said the committee’s prior hearings raised concerns about student identification numbers, cross-checking between districts and scholarship organizations, duplicated FTE reporting, delayed district payments, scholarship payment timing, and inconsistent data sources. She said the proposed language is intended to standardize scholarship processing and improve accuracy and efficiency while preserving the long-standing FEFP principle that funds follow the student. She also said funding scholarship students below the line would not solve the identified problems and could create disparities. The draft would align processing for the Family Empowerment Scholarship and Florida Tax Credit Scholarship programs and would reduce add-on weights by 50% while keeping the current policy structure. No votes were taken. The chair invited further comments and said the draft budget and legislation would continue to be refined before rollout. The meeting adjourned without objection.

Transcript Highlights:

• two bona fide discount points that allows the consumers to capitalize on a lower monthly mortgage payment
• Um, my payment is going to be $1,800 a month and I'd really like for it to be just maybe $1,600 a month
• by reducing the interest rate by payment by reducing the interest rate by purchasing<00:02:33.360>
• >> Um<00:03:49.440> my<00:03:49.680> payment<00:03:49.920> is<00:03:50.080
• is going to be $1,800 a >> Um my payment is going to be $1,800 a month<00:03:52.000> and

Keywords: Meeting Start 00:00 Call to Order and Roll Call 00:01 Discussion SB 157 00:23 Vote SB 157 05:22 Discussion SB 189 05:57 Vote SB 189 26:49, 958, all

Summary: The committee first took up Senate Bill 157, which would align Kentucky’s mortgage loan fee rules with federal standards by exempting certain first and second mortgages from the state’s total net income cap when they meet federal points-and-fees thresholds. The sponsor and Rocket Mortgage testified that the bill would make it easier for borrowers to buy down mortgage interest rates with discount points, helping affordability without changing borrower costs, while preserving the existing 4% cap for loans outside the federal standard. Members discussed how rate buydowns work in practice, and the bill passed with a favorable expression after a roll call vote. The committee then heard Senate Bill 189, as amended by a committee substitute, which would create a licensing and regulatory framework for virtual currency kiosks, or crypto ATMs, in Kentucky. The sponsor described widespread scam losses tied to these kiosks, especially among older adults, and said the bill would add consumer protections such as licensing, financial safeguards, transaction limits, refund or hold requirements, disclosures, receipts, and enforcement authority for the Department of Financial Institutions. He also said the substitute was based on other states’ models and that further changes might be needed, including possible floor amendments. AARP Kentucky testified in support of regulating crypto kiosks but said the committee substitute weakened consumer protections and urged stronger safeguards, including lower transaction limits, fee caps, identity verification, receipts, and scam warnings. AARP representatives cited data on scam complaints and losses in Kentucky and nationally, and said the point of transfer is the best place to prevent harm. Committee members generally agreed the issue was consumer protection, but one senator cautioned against overregulating personal financial choices and noted that scams exist in many forms. The discussion ended with acknowledgment that the bill would continue to be refined, including in coordination with the House and stakeholder groups.

Transcript Highlights:

• I mean, where we, where we the state would pick up some of the, or, I mean, as far as a payment plan,
• I said I'm a big proponent of rolling my sales taxes into my month for the payment.
• Okay, my next question is, are you going to come up with a payment plan to assist?
• Representative, I'd be happy to talk to you offline, but I don't know working out a payment plan is a
• I don't want to buy his car because I got two more payments. All right. Thank you.

Keywords: 959, house, all