Video & Transcript Research : 'intangible assets'
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MN
Transcript Highlights:
- Institutional<00:04:28.000>
asset <00:04:28.400>management, Institutional asset management - excludes capital gains from asset excludes capital gains from asset appreciation.<00:14:14.880><
- We looked at scenarios where the fund would distribute 3% of assets, 4% of assets, 5% of assets.
- <00:48:16.000>
across around $ 160 billion of assets across around $ 160 billion of assets - rolling three-year average net asset rolling three-year average net asset value<01:04:36.480>
MN
Transcript Highlights:
- projects state agency asset preservation projects asset<00:01:53.320>
preservation <00:01:53.880 - >
has <00:01:54.040>become <00:01:54.280>an asset preservation has become an asset - upkeep finally funding asset upkeep finally funding asset preservation<00:03:11.799>
requests - acronym for the capital asset acronym for the capital asset preservation<00:03:37.799>
and - This is a huge state asset.
Summary:
The committee first heard from the Minnesota Department of Administration on the governor’s capital budget requests. Commissioner Tamara Grundal described the state’s deferred maintenance backlog, saying Minnesota owns more than 4,800 buildings across 19 agencies, with an estimated replacement value of $11.2 billion and about $2.2 billion in deferred maintenance. She urged continued bonding support for asset preservation, CAPRA emergency repair funding, Capitol Complex security upgrades recommended by the ACAS advisory committee, and a budget-neutral account to help leverage federal funds for renewable energy storage and electric vehicle projects at state facilities.
Members asked follow-up questions about prior security spending and CAPRA use. The commissioner said some 2018 security funds were used for items such as bollards, projectile-resistant glass, key card readers, and security kiosks, but specific details would be provided offline. On CAPRA, staff said recent projects included public safety upgrades, correctional facility repairs, water main and sewer work, roof repairs, lift station repairs, and boiler and steam trap replacements. The commissioner said the account has recently been used heavily, with about $1.9 million remaining, and estimated a typical target range of roughly $3 million to $5 million based on past spending and expected emergencies. A staffer said they did not know whether bonds had been issued ahead of time to fund the reserve and would follow up.
The committee then heard from the Department of Public Safety on BCA capital projects. Commissioner Bob Jacobson and Superintendent Drew Evans said the governor’s proposal includes a new Southern BCA regional office and laboratory in Mankato, expansion of BCA regional office and lab space, and a new Minnesota State Patrol headquarters using trunk highway cash. Evans said the Mankato project is needed because of growth in DNA analysis, digital evidence, controlled substances, cyber tips, and sexual assault kit testing, and because the current St. Paul facility is over capacity. He said the new regional facility would improve turnaround times, reduce travel for scientists and law enforcement, support training, and improve evidence intake and crime scene response in southern Minnesota.
Senator Pappas questioned the increase in the Mankato project cost from about $48 million to $68.6 million. Evans said the increase was driven by rising construction costs and additional specialized laboratory and support-space needs identified during design work with the Department of Administration. No votes or formal actions were taken during the portion of the meeting provided.
WA
Washington 2025-2026 Regular Session
Select Committee on Pension Policy May 19th, 2026 at 10:00 am
Select Committee on Pension Policy
Transcript Highlights:
- The new plan is funded through a transfer of Left 1 assets.
- The next provision addresses transferring of Left 1 assets.
- The bill directs the transfer of Left 1 assets to the RLF and PSHA.
- It keeps the existing Left 1 benefits and is funded by Left 1 assets.
- Is that for asset smoothing? Yes. Up to eight years. Eight years. Okay.
Summary:
The Select Committee on Pension Policy approved its minutes by roll call vote, then postponed an OSA annual update due to a family emergency. The committee received an Open Public Meetings Act refresher from Assistant Attorney General Kate Adams, who reviewed key compliance points including quorum and serial meetings, notice and agenda rules, executive session limits, public comment requirements, and the consequences of violations. She also noted a litigation hold notice sent to members and provided resources for further guidance.
Staff then briefed the committee on E2 Second Substitute House Bill 2034, which restates and terminates LEOFF 1 on June 30, 2029, creates a restated LEOFF 1 funded by transferred assets, and places excess assets into a pension surplus holding account that could later be used by the state. The bill requires DRS to seek IRS guidance, directs OSA to calculate the transfer amount and assess any future unfunded liability, assigns implementation duties to DRS, OSA, the Pension Funding Council, the State Investment Board, and the Treasurer, and requires two SCPP studies on LEOFF 1 medical benefits and policy oversight. OSA’s actuary estimated the transfer to the surplus holding account at about $3.9 billion under current assumptions and said the bill increases the modeled chance of future state contributions if the restated plan falls below 100% funded; members asked about IRS timing, the 2029 transfer date, and whether the 110% buffer is sufficient.
The committee also received an update on the LEOFF 1 medical benefits study required by the bill. Staff said the study will examine the administration of pension boards and medical liabilities, likely focusing on medical benefits, and will gather anonymized data from local boards, cities, counties, and related agencies over the next three years. Members and public commenters discussed the number and structure of local boards, whether spouses receive medical benefits, and the possibility of regionalizing or consolidating administration. No action was taken, but staff said they would return with milestones and further updates.
Finally, staff outlined a possible Plan 3 study, prompted by DRS, to evaluate whether the original goals of Plan 3 have been met after 30 years. The proposed study would review historical context, member choice outcomes, policy questions, and possible recommendations over a two-year period. The committee also heard an update on new correspondence procedures, including a new online web form, a correspondence log in meeting packets, and removal of correspondence from the public website. During public comment, retiree groups urged the committee to pursue an ongoing COLA for PERS and TRS Plan 1, with interim ad hoc COLAs until then, while LEOFF 1 retirees urged caution about changing the current board structure and emphasized the complexity of medical benefit administration.
MN
Transcript Highlights:
- <00:04:08.920>
preservation projects in our asset preservation projects in our asset preservation - specific examples from our asset specific examples from our asset preservation<00:04:17.600>
- backlog of our highest priority asset backlog of our highest priority asset preservation<00:04:41.600
- Statewide asset it's not just an asset Statewide asset it's not just an asset for<00:49:42.280><
- course it's mapping to the 23 .5 for course it's mapping to the 23 .5 for asset asset asset preservation
TX
Texas 89th Regular
Delivery of Government Efficiency Apr 23rd, 2025
Delivery of Government Efficiency
Transcript Highlights:
- . mature, stable, and widely accepted assets.
- An investment strategy like this has been done before with physical assets.
- This is in order to insulate the assets from cyber threats.
- This bill is about treating digital assets as a financial asset.
- It limits acquisition to high-cap, high-value, high-liquidity assets.
Keywords:
constitutional amendment, fiscal impact, state budget, ballot measure, transparency in voting, management-to-staff ratio, state agencies, employee regulations, government efficiency, workforce management, public information, governing board, transparency, confidentiality, access rights, privacy, identifying information, state agency, consent, occupational license
TX
Transcript Highlights:
- State assets in response, state assets have responded to 693 fires since January 1st.
- Those are state assets.
- Is that common practice for those assets are sitting on the ground?
- And, and the right type of asset, it's well worth the investment.
- The wrong type of the asset, you get in trouble.
TX
Transcript Highlights:
- State assets in response, state assets have responded to 693 fires since January 1st.
- Those are state assets.
- most effective way to manage those assets and make decisions and I have to be careful because.
- So buying the aircraft is just the beginning of the journey. and owning an asset like that.
- And the right type of asset, it's well worth the investment.
MN
Minnesota 2025-2026 Regular Session
Use of legislative email, phone number and office space restricted, HF4172 3/26/26
Minnesota House Floor Meeting
Transcript Highlights:
- asset protection lens. asset protection lens.
- The building is the state's asset and the place for the people.
- The building is the state's asset and The building is the state's asset and the<00:07:01.520>
place - You know you don't use government assets this way.
- You know you don't use government assets this way.
CA
California 2025-2026 Regular Session
Assembly Budget Committee Jun 29th, 2026
Transcript Highlights:
- The bill authorizes funds previously provided for the distributed energy backup assets program to be
- from $130,000 for an individual and $195,000 on the asset test to $21,000 and $31,000.
- We look forward to critical steps to address... ...including Medi-Cal asset tests, dental, and IHSS.
- rejected, as the Legislature is exploring alternatives in the future in terms of the asset limit so
- Thank you. ...in the future in terms of the asset limit so that we can ensure some kind of regularity
Summary:
The Assembly Budget Committee met to consider the final three-party agreement for the 2026-27 state budget and 19 implementing bills, including two budget bill juniors and 17 trailer bills. Committee leadership and administration officials described the budget as a balanced plan that reduces out-year structural deficits, maintains large reserves, and makes major investments in health care, education, housing, child care, public safety, and other core services while also responding to expected federal cuts and fiscal uncertainty. The Department of Finance outlined the package’s major components, including Medi-Cal adjustments, education funding increases, higher education changes, child care and human services updates, housing and homelessness funding, energy and transportation provisions, and tax and general government changes.
Members asked questions about several provisions, including CSU enrollment targets and turnaround plans, the Prop. 98 settle-up mechanism, the plastics market development payment program, housing accountability measures, NextGen 9-1-1 implementation, and veteran services. Staff and administration witnesses explained that the higher education language is intended to improve campus-by-campus reporting and oversight, that Prop. 98 settle-up would be finalized later through the statutory certification process, and that NextGen 9-1-1 now includes one-time funding, quarterly reporting, an independent technical review, and a state audit. Members also discussed the HAP homelessness funding increase to $900 million and the balance between accountability and timely distribution of funds.
The most extended exchange centered on comparisons between funding for veterans and Medi-Cal/immigrant health coverage. Republican members argued the budget spends far more on undocumented immigrant services than on veterans, while Democratic members and Finance staff responded that the comparison was misleading because many veterans’ services are federally funded and the state budget also includes dedicated veteran support. The chair and other members emphasized that the budget reflects difficult tradeoffs and that the package protects vulnerable populations, preserves health care access, and advances affordability. No final vote was described in the excerpt, but members indicated support for the overall package and said they would support it on the floor.
CA
California 2025-2026 Regular Session
Senate Budget and Fiscal Review Subcommittee No. 3 on Health and Human Services May 20th, 2026
Transcript Highlights:
- The proposal to reinstate the Medi-Cal asset test.
- actually entered IHSS as a direct result of the asset test being removed.
- And in addition, the asset tests.
- And in addition, the asset tests.
- We've been here a few times and we've all, I think, opposed the asset limit.
Summary:
The hearing opened with Department of Finance and Legislative Analyst’s Office remarks on the May Revision, which both described efforts to reduce large out-year operating deficits through a mix of revenue increases, spending reductions, and reserve use. Finance said the May Revision more than halves projected deficits in later years, while LAO stressed that revenues are at unprecedented levels yet the state still faces a significant structural deficit and is drawing down reserves; LAO urged maintaining at least the administration’s level of budget solutions and adding to reserves rather than new ongoing commitments. The chair echoed concern about cuts to vulnerable populations and noted the tension between service reductions and requests for additional administrative positions.
The committee then heard a series of California Health and Human Services and HCAI proposals, including additional legal support for CalHHS to respond to federal HR1 changes; a net-zero transfer of positions for a centralized eligibility/data-sharing platform; 988 crisis line implementation funding and continued work with the Trevor Project to train crisis centers to better serve LGBTQ youth; EMS data system maintenance funding; HCAI implementation of AB 1312 hospital charity care screening; SB 660 data exchange framework funding; CalRx biosimilar insulin reappropriation; and a diaper access initiative that would provide free diapers to newborns in participating hospitals and support a future direct-to-consumer purchasing option. Members questioned the diaper program’s universal design, the use of a Public Contract Code exemption, and the selection of Baby2Baby, with the chair expressing concern about optics and the lack of an income threshold.
The committee also discussed distressed hospital funding, with HCAI requesting up to $50 million for another round of grants to hospitals in immediate financial distress. HCAI said it receives annual and quarterly financial reports but the data lag limits real-time monitoring, and the LAO recommended stronger program parameters and turnaround plans. Members argued the repeated need for distressed hospital aid reflects a structural problem, not a short-term gap, and raised broader concerns about hospital reimbursement and patient flow. Other items included reverting $19.6 million in unused opioid settlement funds from HCAI to DHCS for General Fund offset, and a Rural Health Transformation Program request to increase HCAI spending authority to cover the full federal award.
Later, DMHC presented funding requests to implement PBM licensing and financial review requirements under AB 116, modernize the managed care complaint system, and build an electronic claims settlement data system under AB 3275. The final major discussion focused on the Behavioral Health Services Oversight and Accountability Commission, which opposed the May Revision’s proposed reduction of its Innovation Partnership Fund from $20 million to $10 million and a $6.7 million cut to community advocacy grants. The Commission argued these programs are core to Proposition 1’s goals of statewide innovation and community accountability, while Finance said the proposal is consistent with Proposition 1’s maximum funding levels and reflects a broader effort to prioritize direct services and use unspent prior-year funds; members pressed for more information and questioned whether the cuts would undermine the new behavioral health framework.
WY
Transcript Highlights:
- There were only two assets There were only two assets um<00:01:43.280>
that <00:01:43.520> - attached to these assets. attached to these assets.
- That's not specifically tied to the asset itself.
- won't have a physical asset to depreciate.
- won't have a physical asset to depreciate.
ND
North Dakota 2026 1st Special Session
Budget Section Regulatory Division Jun 24th, 2026 at 01:00 pm
Transcript Highlights:
- Their asset. This is their home base.
- We're not growing assets at double-digit rates.
- You can see loans also, the biggest asset category that we put it into, the most illiquid asset category
- we put it into has also flattened out. asset category that we put it into, the most illiquid asset category
- The green... asset category that we put it into, the most illiquid asset category we put it into has
Summary:
The committee received a compliance and status update on Industrial Commission programs and the Bank of North Dakota. Staff reviewed appropriations and spending for several Industrial Commission funds and grant programs, including lignite research, oil and gas research, clean sustainable energy, grid resiliency, salt cavern analysis, and the new NDSU research and technology park grant. Members discussed the timing of reimbursements, uncommitted balances, and the structure of the pipeline capacity and enhanced oil recovery funding. The Industrial Commission also reported on its administrative budget, grant management system project, and recent leadership transitions across several agencies.
Karen Tyler of the Industrial Commission described active grant rounds and the status of major projects. She said the Clean Sustainable Energy Authority approved three projects in its sixth round, with remaining uncommitted cash and loan capacity still available, though no new funding was appropriated this session. She also said the Oil and Gas Research Council approved six enhanced oil recovery projects and expects additional funding after a federal Department of Energy award replaces one project’s state funding. For grid resiliency grants, she said some projects have been funded, some commitments were returned or reallocated, and some DOE funds remain pending. She also updated the committee on the salt cavern business case study, which replaced an earlier larger development proposal, and on the NDSU research park grant, where the nonmatching portion was paid and the matching portion has moved slowly because the match must be in cash.
Ron Ness then gave an extended presentation on enhanced oil recovery and North Dakota oil and gas trends. He said production remains steady, but future growth depends on infrastructure, especially gas takeaway and projects like the Bakken East pipeline. He argued that enhanced oil recovery using CO2, natural gas, surfactants, and other methods could extend Bakken production for decades, but that the state needs more CO2 supply, better storage, and updated tax and regulatory incentives. Members asked about lateral lengths, CO2 availability, pipeline impacts, and the role of the Strategic Petroleum Reserve, and Ness emphasized that the projects are intended to share technical learning across operators and attract follow-on investment.
The Bank of North Dakota then presented its compliance report and strategic update. President Don Morgan said the bank’s mission remains to support North Dakota agriculture, commerce, and industry while cooperating with the state’s financial sector. He reviewed the bank’s main business lines: participation lending with community institutions, student loans, disaster lending, mission-based programs, and a new fintech-focused effort. Morgan said deposits are flattening, so the bank is managing balance sheet growth carefully, while still reporting improved net income and strong efficiency. He also introduced Rough Rider Coin as a bank-to-bank payment rail, not a public cryptocurrency, intended to speed and modernize payments within North Dakota’s banking and credit union system. Committee members asked about student loan eligibility, disaster program use, and how credit lines and liquidity would be affected if deposits shrink.
KY
Kentucky 2026 Regular Session
House Standing Committee on Natural Resources and Energy. (3-5-26)
Natural Resources & Energy
Transcript Highlights:
- asset asset uh<00:21:56.400>
for <00:21:56.600>this <00:21:56.800>particular <00 - So they're actually using their own asset, their own equity, in that asset that's being stripped to apply
- Um, it goes for a single asset up to 275 million.
- <00:32:05.000>
Striking single asset up to 275 million. - Striking single asset up to 275 million.
Keywords:
Meeting Start 00:00
Attendance Roll Call 00:25
HB 667 Discussion 01:21
HB 667 Roll Call Vote 03:56
HB 677 Discussion 05:01
HB 677 Roll Call Vote 11:51
HB 535 Discussion 13:33
HB 535 Roll Call Vote 34:46
HJR 77 Discussion 38:33
HJR 77 Roll Call Vote 44:23, 958, all
Summary:
The committee first considered House Bill 667, described by the sponsor as a cleanup measure to a 2024 solid waste law. Testimony said the bill would clarify issues involving indirect access to protected information, contractors and consultants, Open Records Act interactions, and remedies when protected material is obtained. The committee voted 13-0 to pass the bill favorably and recommended it for passage on the House floor.
The committee then took up House Bill 677, which would establish Kentucky’s legal and regulatory framework for carbon dioxide geological sequestration and help the state seek EPA primacy over Class VI injection wells. Supporters said the bill was the product of 18 months of work among industry, landowner, environmental, and cabinet stakeholders, and argued it would promote economic development, protect landowners, and support carbon-capture investment and related infrastructure, especially in Western Kentucky. An amendment was adopted by voice vote, and the bill then passed favorably with committee amendment attached.
Finally, the committee discussed House Bill 535 as amended by a committee substitute. The bill would authorize securitization for certain investor-owned utilities with out-of-state assets, including Kentucky Power, to refinance assets such as the Mitchell plant and certain regulatory assets, with a two-year rate freeze and PSC review for net savings. Sponsors and supporters framed it as an affordability and jobs measure that could finance new natural gas generation at Big Sandy, create several hundred construction jobs, and support long-term economic development in Eastern Kentucky. Members raised concerns about utility fees, PSC discretion, and transparency; sponsors said the proposal would not be approved without overall savings and that applications would also be reviewed by the legislature, the Attorney General, and EPIC. The committee adopted the committee substitute and then passed House Bill 535 favorably, with several members explaining their votes and some noting continued reservations for floor consideration.
MN
Minnesota 2025 1st Special Session
House Higher Education Finance and Policy Committee 3/25/25
Higher Education Finance and Policy
Transcript Highlights:
- about asset preservation.
- about asset preservation.
- often a combination of asset often a combination of asset preservation<01:26:22.719>
dollars< - These large capital assets.
- had as is Minnesota state's asset had as is Minnesota state's asset preservation<01:37:48.320>
MN
Transcript Highlights:
- way for us to approach our assets.
- there's often little focus on reinvesting in existing assets.
- I will be touching briefly today on DOC's asset preservation.
- Or non-bondable asset preservation needs.
- Assets.
Bills:
HF3220
Keywords:
school safety, school security, emergency access, law enforcement access, master key box, secure key box, entry device, school grants, education finance, Department of Education, charter schools, school districts, cooperative units, appropriation cancellation, one-time appropriation, school safety plan, emergency preparedness, public safety, school building security
MA
Massachusetts 2025-2026 Regular Session
Joint Committee on Financial Services Jun 21st, 2026 at 10:30 am
Joint Committee on Financial Services
Transcript Highlights:
- And I can't overemphasize the culture of asset building.
- We have 68 credit unions that we insure; they have $35 billion in total assets.
- Nearly 60% of working-age households do not own any retirement assets, meaning no employer-sponsored
- And so this is one of the anti-poverty tools that came out of the Asset Development Commission that I
- Evidence shows that asset-building initiatives improve... ...by tangible investment.
Summary:
The Joint Committee on Financial Services heard testimony on several bills focused on financial security, banking regulation, and payment-card fees. Treasurer Deborah Goldberg supported the Massachusetts baby bonds proposal (H. 48) and also endorsed bills on matched savings (H. 1158/S. 737) and retirement planning/Secure Choice (H. 1143/S. 722), arguing these measures would help address wealth inequality, build assets, and improve retirement readiness. Supporters of baby bonds included policy experts and health advocates from Children’s Health Watch and Boston Medical Center, who said early-life asset building could improve long-term economic and health outcomes for children in low-income families. AARP also urged passage of the retirement planning bill, citing the large share of private-sector workers without access to an employer retirement plan. Representative Donato testified for H. 1143, describing it as a voluntary retirement-savings opportunity for workers at small employers.
The committee also heard testimony on H. 3933, concerning the Massachusetts Credit Union Share Insurance Corporation, from former Bank Commissioner Mike Hanson, who defended the state’s full deposit insurance system for credit unions and savings institutions as a longstanding consumer-protection model. The Massachusetts Bankers Association raised concerns about the bill’s technical provisions and broader credit union/bank competitive issues, while the Cooperative Credit Union Association supported related legislation allowing modest compensation for credit union directors (S. 821/H. 1338) and flexibility for state financial institutions to grow through partnerships (S. 723). Bankers opposed those credit union bills, arguing they would upset a level playing field and blur long-standing distinctions between banks and credit unions.
A major portion of the hearing focused on H. 1259/S. 688, which would prohibit card interchange fees on the tax and gratuity portions of restaurant transactions. Restaurant owners and the Massachusetts Restaurant Association testified in favor, saying the fees are a significant and growing expense, especially as most customers now pay by card; they argued the bills would save restaurants money without affecting state revenue. Credit union, banking, and payments-industry representatives opposed the bills, saying interchange helps fund fraud protection and payment infrastructure, that the proposal would create compliance burdens and likely litigation, and that it would mainly affect Massachusetts-chartered institutions while national banks could be preempted. Committee members noted that a commission on payment-card fees is being established and said the issue would be studied further. The hearing also included support for a separate bill on virtual credit cards for dental providers, with dentists saying automatic virtual-card payments impose hidden processing fees and fraud risks.
CA
California 2025-2026 Regular Session
Senate Budget and Fiscal Review Subcommittee No. 3 on Health and Human Services May 28th, 2026
Transcript Highlights:
- people with disabilities and seniors, Medi-Cal would no longer be within reach if these new lower asset
- And lastly, thank you for the rejection of the asset tests. Thank you.
- Appreciate the rejection of the asset limit, the increased premium, the caps on CalPACE, and really would
- Appreciate the rejection of the asset limit, the increased premium, the caps on CalPACE, and really would
- In addition, we're here to support the changes, or the rejection of, the Medi-Cal asset tests and also
Summary:
The Senate Budget Subcommittee No. 3 on Human Services held its final hearing on the budget, with the chair framing the Senate’s plan as a counterproposal that rejected major cuts and preserved revenues. Public comment was overwhelmingly supportive of the subcommittee’s actions, with advocates, counties, providers, and community groups thanking members for rejecting or delaying proposed cuts to Medi-Cal asset limits, immigrant coverage and premiums, IHSS, PACE, APS, behavioral health advocacy and innovation grants, mobile crisis services, and certain dental and provider payment reductions. Speakers also urged additional funding or trailer bill changes for county eligibility work, public hospitals, indigent care, CalFresh outreach and food benefits, child care slots and COLAs, legal services for immigrants, and long-term services and supports.
A major theme was the Senate’s “Be Home Soon” proposal, which many disability, aging, home care, and health care organizations praised as a way to shift care from institutions to home- and community-based settings. Testimony also supported restoring or maintaining funding for behavioral health programs, including 988/mobile crisis infrastructure, community advocacy contracts, and Title IV-E workforce funding. Several county and provider groups asked the committee to consider alternative proposals related to H.R. 1 impacts, Medi-Cal coverage losses, and county indigent care costs, while others requested continued work on public hospital support, CFAP expansion, and implementation details for child care and IHSS.
The subcommittee then took three votes on grouped budget items. The first consent block, covering a large set of items, passed 3-0. The second block passed 2-1, with Senator Grove voting no. The final block passed 3-0. The hearing concluded with the chair stating the subcommittee had done its part and adjourning the meeting.
MN
Minnesota 2025 1st Special Session
MN Zoo officials present bonding request to Capital Investment Committee 2/25/25
Transcript Highlights:
- Our asset preservation request is $3,810,000, uh, with our total there in front of you.
- Our asset preservation request is $3,810,000, uh, with our total there in front of you.
- Our asset preservation request is $3,810,000, uh, with our total there in front of you.
- governor's Rec really focus on asset governor's Rec really focus on asset preservation<00:20:59.320
- <00:21:22.960>
preservation speaker um about the asset preservation speaker um about the asset
NM
New Mexico 2025 Regular Session
IC - Investments and Pensions Oversight Oct 8th, 2025
Investments & Pensions Oversight Committee
Transcript Highlights:
- But let's start with what investment return on that actual value of assets actually means.
- When we talk about the actuarial value of assets, we often refer to that as a smoothed value of assets
- That raises that asset return to 8.13%.
- So, that's our market value, the actual assets that we get.
- That is just the assets divided by the liability. So, as of 2024, that was 67.2%.
US
US Federal 2025-2026 Regular Session
Hearings to examine the posture of United States Northern Command and United States Southern Command in review of the Defense Authorization Request for Fiscal Year 2026 and the Future Years Defense Program; to be immediately followed by a closed ses Feb 13th, 2025 at 08:30 am
Senate Armed Services Subcommittee on Personnel
Transcript Highlights:
- So you might need additional assets, especially with what China, Russia, Iran are doing in the region
- And also I'm looking at some opportunities coming up for unmanned assets as well.
- And that's because of a lack of assets, is that not correct?
- Yeah, primary lack of assets, the lack of... resources, ISR capability, yes, sir.
- So again, having those assets in the region for a lack of other assets is making a difference for me.
Keywords:
national security, China, Russia, cybersecurity, border security, military deployment, transnational crime, defense modernization, military strategy
Summary:
In this meeting, key topics included national security concerns with an emphasis on threats from China, Russia, and transnational criminal organizations. Senior military officials provided testimony on the evolving risks posed by these adversaries, particularly focusing on cybersecurity and advancements in weaponry. The discussion highlighted the importance of a cohesive strategy among government departments to effectively respond to the challenges presented by these threats, emphasizing the need for modernization in defense capabilities. Committee members grilled the witnesses on border security and the implications of deploying military resources in domestic operations.