Transcript Highlights:

• CLF was our organization has a lending arm, and we are able to act as a first-position lender, something
• arm CLF and we are able to has a lending arm CLF and we are able to act<00:42:38.319><c> as</c><00:42
• And then finally, we just want to lend our support to wherever you land on a budget target.
• And then finally, we just want to lend our support to wherever you land on a budget target.
• Just want to lend our support to wherever you land on a budget target.

Transcript Highlights:

• Lending the support to make sure we can move forward is so important for these projects that they have
• Lending support to make sure we can move forward is so important for these projects that they have identified

Committee: House Local Government

Summary: The Assembly Local Government Committee met on March 26 and, after beginning without a quorum, proceeded as a subcommittee before later establishing quorum and taking formal votes. The chair reviewed hearing rules, including in-person testimony only, limits on disruptive conduct, and procedures for public comment. Four bills were on the agenda, with AB 1030 placed on the consent calendar. AB 59 by Assembly Member Aguirre-Curie would remove the sunset on Reclamation District 108’s authority to participate in hydropower projects, allowing the district to plan long-term financing and pursue small hydropower facilities in existing canals. The author, local officials, and water district representatives supported the bill as a way to reduce energy costs and improve water stewardship; no opposition was heard. The committee later passed AB 59 unanimously. AB 417 by Assembly Member Carrillo would clarify and streamline laws governing enhanced infrastructure financing districts (EIFDs) and community revitalization and investment authorities (CRIAs), with supporters saying it would improve local governments’ ability to fund infrastructure, affordable housing, and economic development. One opponent objected specifically to CRIA eminent domain authority and urged an amendment to remove that power. After quorum was established, the committee passed AB 417 on a 6-0 vote. AB 533 by Assembly Member Flora would restore expired authority for health care districts that own or operate hospitals or clinics to use the design-build process for construction projects. Supporters said the measure would help districts secure financing and complete projects efficiently without changing public contracting rules; there was no opposition. The committee passed AB 533 7-0. AB 1030 was also approved on the consent calendar, and the hearing then adjourned.

Transcript Highlights:

• SECOND, THE BILL PROHIBITS THE USE OF ESG PRACTICES IN COMMERCIAL LENDING FOR FARMERS.
• ALL LENDING DECISIONS MUST BE MADE ON STANDARD FINANCIAL PRACTICES NOT SOCIAL ENGINEERING.

Transcript Highlights:

• Banks can only lend to certain parties and only so much.
• So we're very on the low end of that, but that's not counting what we would call security lending.
• So in a sense, you almost have a zero percent oversight and custody cost net of security lending that
• So we're very on the low end of that, but that's not counting what we would call security lending.
• So in a sense, you almost have a zero percent oversight and custody cost net of security lending that

Committee: Joint Legacy and Budget Stabilization Fund Advisory Board

Transcript Highlights:

• I also want to lend my encouragement to support this bill.
• So I also want to just lend my concern that that's a big piece of this: communicating that these rules
• I also want to lend my encouragement to support this bill.
• So I also want to just lend my concern that that's a big piece of this: communicating that these rules
• So I also want to just lend my concern that that's a big piece of this: communicating that these rules

Bills: HB2720 , HB2073 , SB5467 , SB5820 , SCR8406 , HB2487 , SB5816 , SB5919 , SB5995 , SB6278 , SB5831 , SB5915 , SB5963 , SB6025 , SB6046 , SB6084 , SB6134 , SB6136 , SB6137 , SB6188 , SB6291 , HB2689 , SB5922 , SB5944 , SB5957 , SB5988 , SB5994 , SB6011 , SB6065 , SB6103 , SB6151 , SB6244

Keywords: behavioral health, emergency services, health insurance, provider access, mental health funding, premium assistance, funding, healthcare, subsidies, SB 5467, water-sewer district, water sewer district, surplus property, public property sale, local government, RCW 57, real property disposal, personal property, notice of intent to sell, public auction

Transcript Highlights:

• So why not just do a grant if you've got the money to lend? It's Transit.
• So why not just do a grant if you've got the money to lend? It's Transit.
• So why not just do a grant if you've got the money to lend? It's Transit.
• So why not just do a grant if you've got the money to lend? It's Transit.
• </c> a grant if you've got the money to lend a grant if you've got the money to lend it's<00:58:33.559

Committee: Senate Transportation

Transcript Highlights:

• , we are relying on private lenders just like banks and credit unions and other private capital to lend
• , we are relying on private lenders just like banks and credit unions and other private capital to lend
• It lets us lend directly, or it lets us provide credit enhancement.
• , we are relying on private lenders just like banks and credit unions and other private capital to lend
• directly or it lets us um uh lend directly or it lets us um uh provide<00:44:11.400><c> credit</c><00

Committee: Senate Commerce and Consumer Protection

Summary: The committee opened by outlining testimony procedures and then heard SB 376 on tax credits, which would create a home fire safety improvement tax credit. Testimony from the Tax Foundation of Hawaiʻi urged that the concept would be better handled as a subsidy program and raised drafting concerns about unclear definitions and eligibility. Later, the committees agreed to pass SB 376 with amendments, including making the credit nonrefundable, clarifying third-party certification, deleting recapture-related language, and making technical changes. Members then heard SB 417, which would make unlicensed contractor work during or within five years after an emergency or disaster a class B felony. The Contractors License Board was listed for comments, and the Subcontractors Association supported the measure. The committees ultimately recommended passage with technical, non-substantive amendments and an adjusted effective date, and the measure was adopted. A substantial portion of the meeting focused on SB 782, which would require free and accessible voice communication services for incarcerated people and prohibit state agencies from profiting from those services, while also directing the PUC to set standards and providing funding for the SAVIN victim notification program. Supporters, including the Public Defender, ACLU of Hawaiʻi, Worth Rises, and others, argued the bill would reduce costs for families, improve reentry, and align adult corrections with the juvenile system. Opponents, including the Department of Corrections and Rehabilitation, the Hawaiʻi Paroling Authority, and SAVIN-related witnesses, warned that changing the funding structure could weaken victim notification and safety services. The committees deferred SB 782. The committee also heard SB 999 on fireworks, which would repeal permissible consumer fireworks uses, impose civil penalties and forfeiture remedies, and create a forfeiture special fund for safety education. The Department of Law Enforcement and Honolulu Police Department supported the bill, while fireworks industry representatives and others opposed it, arguing prohibition would be ineffective and urging stronger enforcement and education instead. The committees deferred SB 999 for further consideration, and SB 1136 on insurance was also deferred after insurers and the Department of Commerce and Consumer Affairs opposed it. In the later joint session with the Committee on Economic Development and Tourism, SB 744 on condominium loans was heard with support from the Hawaii Green Infrastructure Authority and banking groups, while one testifier raised concerns that the program could function like C-PACE financing and add risky debt to condominium associations; testimony and discussion continued on that measure.

Transcript Highlights:

• They approached the BFA and said that the BFA knows lending and knows how to administer programs, so
• They approached us and said, “BFA, you know lending and you know how to administer programs, so can you
• and you know how to know lending and you know how to administer<05:36:45.600><c> programs</c><05:36:
• Kallis continued that it was demonstrated by a high volume of lending.
• But, um, what C-PACE is is it’s a lending program where a private lender, a bank, or a CPA specialized

Committee: House Science, Technology and Energy

Transcript Highlights:

• you would suggest that we guide schools toward as they develop these plans for students that would lend
• As they develop these plans for students that would lend themselves to be ready for HAL program or the
• And so the way I was trained back in the... as they develop these plans for students that would lend

Committee: All TASK FORCE ON AUTISM

Summary: The meeting opened with approval of the November 17 minutes, then moved to presentations from Arkansas State University and the University of Central Arkansas on programs serving neurodiverse and intellectually/developmentally disabled students. Dr. Kristen Johnson and Shane Broadway described A-State’s HOWL and ATLAS programs, which provide inclusive post-secondary education, on-campus living, academic and life-skills support, internships, employment preparation, and community integration. They emphasized that students are admitted to the university, can pursue either non-degree comprehensive transition programming or degree-seeking support, and are expected to build independence through activities such as financial literacy, medical appointments, meal prep, and work experience. Johnson cited strong student outcomes, including high goal attainment and post-graduation employment, while also noting barriers such as business liability concerns, fragmented transition planning, and the need for clearer funding pathways and statewide coordination. Committee members asked about coalition-building, public awareness, school outreach, eligibility, tuition, and the structure of the programs. Johnson said A-State has done extensive recruitment through IEP meetings, transition events, email outreach, and campus visits, and that a state alliance is being built with new programs launching at ASU Mountain Home and the University of Arkansas Pine Bluff. She said program fees are $5,000 per semester, with efforts underway to reduce costs through reimbursement and other funding sources. Members also discussed the need for better communication with schools, employers, and families, and several legislators offered to help spread the word and connect the programs with local business and education networks. Dr. Debbie Daly and Jeremy Gillum then presented UCA’s Project Ascend, a new low-sensory, voluntary living-learning community in Hughes Hall for neurodiverse students. The program focuses on belonging, retention, and community-building rather than academic remediation, and uses self-identification rather than requiring a diagnosis. Daly said the program is in its infancy, with small participation so far, and that success will be measured by student engagement and retention. Members asked how students are recruited, how success will be measured, and how the program can grow; UCA said it plans to expand outreach through admissions, campus tours, orientation, and other events. The task force concluded by thanking both universities, noting the importance of these efforts for Arkansas families, and adjourning the meeting.

Transcript Highlights:

• THE BILL ALSO PROHIBITS THE USE OF ESD PRACTICES IN COMMERCIAL LENDING FOR FARMERS.
• ALL LENDING DECISIONS MUST BE MADE ON STANDARD FINANCIAL PRACTICES, NOT SOCIAL ENGINEERING.
• IT IS IMPORTANT TO LEND SOME CREDENCE IN SUPPORT OF SENATOR TRUENOW AND WHAT HE'S LOOKING TO DO.

Bills: SJR39 , SB22 , SB30 , SB33 , SB34 , SB37 , SB75 , SB209 , SB310 , SB505 , SB552 , SB618 , SB626 , SB636 , SB732 , SB747 , SB762 , SB769 , SB819 , SB825 , SB870 , SB926 , SB964 , SB1030 , SB1080 , SB1099 , SB1124 , SB1177 , SB1208 , SB1233 , SB1314 , SB1325 , SB1333 , SB1405 , SB1455 , SB1506 , SB1524 , SB1541 , SB1577 , SB1579 , SB1596 , SB1646 , SB1667 , SB1727 , SB1750 , SB1758 , SB1760 , SB1791 , SB1804 , SB1806 , SB1869 , SB1923 , SB1927 , SB1951 , SB1960 , SB1962 , SB2023 , SB2024 , SB2056 , SB2078 , SB2122 , SB2129 , SB2180 , SB2183 , SB2185 , SB2207 , SB2252 , SB2361 , SB2365 , SB2368 , SB2405 , SB2411 , SB2420 , SB2425 , SB2569 , SB2717 , SJR36 , SJR50 , SJR39 , SJR63 , SJR68 , SCR12 , SCR39 , SCR38 , SCR37 , SCR42 , SCR29 , SB762 , SB1596 , SB62 , SB666 , SB847 , SB284 , SB854 , SB1073 , SB810 , SB1539 , SB1505 , SB583 , SB957 , SB1502 , SB507 , SB1026 , SB1349 , SB1433 , SB1434 , SB310 , SB505 , SB264 , SB1364 , SB1376 , SB1585 , SB1772 , SB2016 , SB1163 , SB619 , SB1122 , SB1877 , SB732 , SB731 , SB397 , SB508 , SB1333 , SB1436 , SB964 , SB287 , SB2143 , SB261 , SB1247 , SB1882 , SB618 , SB393 , SB2243 , SB2226 , SB1919 , SB1791 , SB22 , SB651 , SB1080 , SB826 , SB1079 , SB1243 , SB1504 , SB1851 , SB1879 , SB2237 , SB1257 , SB2034 , SB1522 , SB1151 , SB596 , SB1191 , SB226 , SB570 , SB870 , SB991 , SB60 , SB1401 , SB1728 , SB586 , SB529 , SB217 , SB209 , SB1923 , SB1839 , SB387 , SB1874 , SB1872 , SB1873 , SB1921 , SB1883 , SB1620 , SB1838 , SB2024 , SB2429 , SB1999 , SB511 , SB2309 , SB2166 , SB510 , SB33 , SB2420 , SB1860 , SB1541 , SB1314 , SB1398 , SB1869 , SB1750 , SB855 , SB1233 , SB2425 , SB2037 , SB1758 , SB1759 , SB2365 , SB1924 , SB1818 , SB1405 , SB1762 , SB1968 , SB1977 , SB2077 , SB2321 , SB1662 , SB1663 , SB2124 , SB2204 , SB1855 , SB863 , SB37 , SB819 , SB2078 , SB2252 , SB1962 , SB2253 , SB825 , SB1577 , SB1184 , SB2018 , SB2206 , SB1901 , SB1030 , SB2368 , SB1963 , SB1960 , SB1643 , SB1625 , SB1299 , SB841 , SB668 , SB584 , SB231 , SB2411 , SB1085 , SB2431 , SB2231 , SB1490 , SB530 , SB34 , SB1261 , SB552 , SB1099 , SB1646 , SB2180 , SB1804 , SB1937 , SB1936 , SB2569 , SB1372 , SB1208 , SB1124 , SB1506 , SB1806 , SB1868 , SB2361 , SB2314 , SB769 , SB1409 , SB2122 , SB434 , SB1214 , SB1951 , SB2183 , SB2046 , SB1667 , SB1870 , SB1727 , SB2405 , SB2127 , SB1975 , SB1760 , SB1734 , SB1335 , SB2066 , SB2129 , SB2246 , SB2439 , SB1624 , SB1244 , SB1468 , SB2717 , SB1612 , SB1262 , SB604 , SB2395 , SB2185 , SB1832 , SB1745 , SB1746 , SB2207 , SB2023 , SB1784 , SB1524 , SB626 , SB528 , SB437 , SB269 , SB1137 , SB968 , SB636 , SB747 , SB1325 , SB1789 , SB1455 , SB2056 , SB75 , SB1940 , SB2052 , SB1927 , SB2010 , SB1579 , SB2068 , SB3034 , SB844 , SB1920 , SB1177 , SB1558 , SB1236 , SB1044 , SB926 , SB884 , SB463 , SB331 , SB227 , SB240 , SB517 , SB1200 , SB1410 , SB1626 , SB1845 , SB1863 , SB2216 , SB2681 , SB1717 , SB2053 , SB546 , SB2141 , SB2949 , SB2323 , SB2200 , SB2332 , SB2199 , SB1642 , SB1150 , SB1757 , SB2050 , SB1138 , SB2051 , SB2626 , SB2458 , SB1864 , SB30 , SB2201 , SB1862 , SB1583 , SB1583 , SB1055 , SB2660 , SB1898 , SB2662 , SB2662 , SB2161 , SB2161 , SB2964 , SB2881 , SB1065 , SB1065 , SB801 , SB2743 , SB2533 , SB2533 , SB1413 , SB1413 , SB1 , SB34 , SB310 , SB819 , SB1030 , SB1124 , SB1208 , SB1233 , SB1333 , SB1405 , SB1541 , SB1750 , SB1758 , SB1869 , SB2078 , SB2365 , SB2411 , SB762 , SB33 , SB37 , SB505 , SR402 , SR409 , SB2695 , SB2695

Transcript Highlights:

• THE BILL ALSO PROHIBITS THE USE OF ESD PRACTICES IN COMMERCIAL LENDING FOR FARMERS.
• ALL LENDING DECISIONS MUST BE MADE ON STANDARD FINANCIAL PRACTICES NOT SOCIAL ENGINEERING.
• I APPRECIATE THE DISCUSSION AND THERE CAN BE DIFFERENCES OF OPINION AND IT IS IMPORTANT LENDS SOME CREDENCE

Transcript Highlights:

• I ask that you support that which has been and just help us lend the clarifying language.
• I ask that you support that which has been and just help us lend the clarifying language.

Committee: House Health and Welfare

Transcript Highlights:

• on SF 1750 as amended, and also to briefly explain the intersection of mortgage banking, mortgage lending
• Some of the stakeholders who are here today may have asked if mortgage lending and mortgage banking would
• and mortgage banking uh mortgage lending and mortgage banking uh would<00:52:16.079><c> be</c><00:52
• Um, I spent the last 34 years in mortgage<01:47:24.560><c> lending,</c><01:47:24.960><c> mortgage</c>
• lending, mortgage banking, all of<01:47:26.400><c> those</c><01:47:26.639><c> in</c><01:47:26.960><c

Bills: SF1750 , HF704 , HF3479

Committee: House Commerce Finance and Policy

Keywords: common interest community, CIC, homeowners association, HOA, condominium, planned community, cooperative, unit owner, association board, declarant, declarant control, special declarant rights, assessment lien, foreclosure, late fees, fines, attorney fees, resale disclosure, annual report, maintenance plan

Transcript Highlights:

• I've spoken too long, but I'm very happy to lend my support to this bill in honor of all the children
• I've spoken too long, but I'm very happy to lend my support to this bill in honor of all the children
• <01:20:58.000><c> to</c><01:20:58.320><c> lend</c><01:20:58.640><c> to</c><01:20:58.880><c> that.
• </c><01:20:59.199><c> But</c><01:20:59.920><c> ultimately</c><01:21:00.320><c> as</c> lend to lend to
• But ultimately as lend to lend to that.

Summary: The committee met for its sixth and final interim meeting after a brief technical delay, approved the October 14 minutes, and heard a presentation on a proposed Kentucky hands-free driving bill. The main discussion centered on distracted driving and a draft measure modeled on South Carolina law that would prohibit holding or supporting a mobile electronic device while driving on public roads, while allowing limited exceptions for parked/stopped vehicles, navigation, emergency reporting, dispatch systems, first responders, and certain hands-free call functions. The bill would make a violation a $100 fine plus court costs, with the draft allocating fine revenue to the traumatic brain injury trust fund, Kentucky trauma care system, and veteran program trust fund. The sponsor also said the bill would address prior concerns about enforcement and clarify that officers need a clear, unobstructed visual observation before stopping a driver, and that they may not search or seize devices or make custodial arrests solely for the violation. Alyssa Burns gave emotional testimony in support of the bill, describing the death of her young daughter Kimberly in a crash she attributed to a distracted driver and urging lawmakers to pass the measure to improve roadway safety. The sponsor cited Kentucky traffic fatality statistics, including 814 deaths in 2023 and an estimated 20% involving distracted driving, and argued that the bill could reduce preventable deaths. Several members voiced support and sympathy, including remarks comparing the effort to past seat belt legislation and suggesting possible future additions such as community service. One member raised concerns about enforcement and whether officers could reliably observe phone use inside vehicles, while another asked about the bill’s interaction with existing texting-while-driving penalties and whether points would still apply. The sponsor said the draft was still being refined, acknowledged gray areas, and invited further changes as the bill moves forward.

Transcript Highlights:

• </c> other charges that go into the lending other charges that go into the lending um<01:01:17.319><c
• <c> the</c><01:02:53.559><c> potential</c><01:02:54.119><c> settlement</c><01:02:54.520><c> of</c> lend
• against the potential settlement of lend against the potential settlement of return<01:02:56.039><c>
• When you think of where this might come into play, you know, there's lending in advance to a plaintiff
• When you think of where this might come into play, you know, there's lending in advance to a plaintiff

Summary: The committee heard testimony on HB 733-FN, a bill concerning third-party litigation financing (TPLF). Representative Cole, the prime sponsor, described TPLF as outside investors funding lawsuits in which they have no personal stake, arguing that the practice is largely unregulated, can involve foreign entities, increases litigation abuse, and contributes to higher insurance and consumer costs. He said the bill is modeled on an NCOIL proposal and would require disclosure of TPLF agreements, with guardrails and reporting requirements on specified pages of the bill. He also noted a couple of drafting fixes, including adding the word “knowingly” and incorporating a missing section later. Members raised questions about the bill’s foreign-entity language, especially the provision allowing a governor or the Department of Safety to designate a country as a threat to critical infrastructure. Representative Cole said he would have lawyers review that issue. Another member asked whether the bill would prohibit a party from obtaining outside funding for a lawsuit; Cole clarified that the bill is intended as a reporting measure, not a ban, and that disclosure would be required. He also said the bill is aimed at American citizens rather than foreign-backed financing, and that some states had considered caps on such arrangements, though this bill does not. Brandon Gratz of the Attorney General’s office testified that the enforcement language appears too limited, because it would allow only civil penalties and not broader Consumer Protection Act remedies such as injunctions or restitution. He suggested the Attorney General may not have meaningful authority under the bill as written and raised possible insurance-law issues. Commissioner D.J. Benton-Court of the Insurance Department said the disclosure could help insurers better assess risk and potentially soften the hard insurance market by improving transparency, competition, underwriting, innovation, and claims management. He also said the bill likely needs further work on jurisdiction and enforcement, and that the committee may need to coordinate with the Attorney General, Insurance Department, and possibly banking regulators. No vote was taken in the portion provided.

Transcript Highlights:

• Authority should be favorably received by the bond market and lending agencies.
• favorably received by the bond market favorably received by the bond market and<00:19:25.440><c> lending
• </c> and lending agencies. and lending agencies.

Committee: Joint Energy

Transcript Highlights:

• Senate Bill 5109, the Secretary will read: An act relating to the mortgage lending fraud prosecution
• And that act relating to the mortgage lending fraud prosecution account and amending RCW 36...
• Oftentimes during those transactions there can be scams or fraudulent mortgage lending.
• And for the last 20 years, the mortgage lending fraud prosecution has worked hard to combat those harmful

Bills: SB5068 , SB5109 , SB5188 , SB5223 , SB5280 , SB5420 , SB5467 , SB5581 , SB5649 , SB5705

Summary: The Senate opened with ceremonial items, approved the previous day’s journal, and referred committee reports and new introductions. Members then adopted Senate Resolution 8669 recognizing National Blood Donor Month after remarks emphasizing the life-saving need for blood donations and the work of blood coalition partners. The Senate also adopted Senate Resolution 8667 honoring Monica Alexander for her long public service with the Washington State Patrol and Criminal Justice Training Commission, with multiple senators praising her leadership, reforms, and mentorship. The chamber then took up a series of gubernatorial appointments to college boards of trustees, confirming Rosa Peralta to the Seattle College District, Stephen Zimmerman to Wenatchee Valley College, and Tara Lear to Walla Walla Community College, each by roll call vote. After caucus, the Senate returned to third reading and considered several bills, including SB 5068 on law enforcement, corrections, and prosecutors; SB 5252 on property tax exemptions for nonprofit public assembly halls and meeting places; SB 5280 on consumer protections for virtual currency kiosks; SB 5124 on patient access and skilled nursing facility discharge coordination; and SB 5436 on interference with access to places of religious worship. Most of these measures were amended and then passed, with SB 5068 and SB 5436 drawing debate over immigration status and protest activity, respectively. Later, the Senate passed SB 5705, narrowing traffic safety penalties to focus on distracted driving in school zones; ESSB 5594, delaying implementation of biosimilar drug access provisions; SB 5169, expanding out-of-court testimony options for child victims and witnesses; ESSB 5098, expanding weapons restrictions to additional public buildings and outdoor public spaces, despite opposition over firearm preemption and self-defense concerns; SB 5188, allowing rural broadband repair loans; SB 5109, making the mortgage lending fraud prosecution account permanent with a fee increase; SSB 5240, authorizing schools to use available anaphylaxis medication in emergencies; SB 5420, ensuring veterans and uniformed service members access to benefits and opportunities; SB 5467, simplifying surplus property sales by water-sewer districts; SSB 5331, strengthening insurance enforcement and restitution authority; and ESSB 5071, updating child endangerment law to include fentanyl and synthetic opioids, with an amendment adding a parenting-alternative approach for child defendants. The Senate also adopted an amendment to SB 5581 to include public transportation providers in safe-system transportation infrastructure planning and then advanced the bill toward final passage.

Transcript Highlights:

• Senate Bill 5109, the Secretary will read: An act relating to the mortgage lending fraud prosecution
• An act relating to the mortgage lending fraud prosecution account and amending RCW 36...
• Oftentimes during those transactions there can be scams or fraudulent mortgage lending.
• And for the last 20 years, the mortgage lending fraud prosecution has worked hard to combat those harmful

Bills: SB5068 , SB5109 , SB5188 , SB5223 , SB5280 , SB5420 , SB5467 , SB5581 , SB5649 , SB5705

Summary: The Senate opened with ceremonial business, including the roll call, colors, pledge, and prayer, then approved the previous day’s journal and referred committee reports and new introductions. Members also suspended rules to consider multiple resolutions and bills. Senate Resolution 8669, honoring National Blood Donor Month, was adopted after remarks emphasizing the life-saving importance of blood donation and recognizing the Northwest Blood Coalition, whose members were introduced in the gallery. The chamber then adopted Senate Resolution 8667 honoring Monica Alexander, executive director of the Criminal Justice Training Commission, with multiple senators praising her career in the State Patrol, her leadership on regional training academies, sexual assault kit reform, and public safety culture. The Senate also confirmed several gubernatorial appointments to college boards, including Rosa Peralta to the Seattle College District Board of Trustees, Stephen A. Zimmerman to Wenatchee Valley College, and Tara Lear to Walla Walla Community College, each by 49-0 roll call votes. The Senate spent much of the session on third-reading bills, often amending them before final passage. Measures passed included SB 5068 on agencies, firefighters, prosecutors, and limited authority; ESSB 5252 on property tax exemptions for nonprofit public assembly halls; SB 5280 on virtual currency kiosk consumer protections; ESSB 5124 on patient access and skilled nursing facility identification; ESSB 5436 on interference with access to places of worship; SB 5705 on traffic safety penalties in school zones; ESSB 5594 on biosimilar medicines; SSB 5169 on out-of-court testimony for child victims and witnesses; ESSB 5098 on weapons restrictions in certain public buildings and parks; SB 5188 on broadband infrastructure repair loans; SB 5109 on the mortgage lending fraud prosecution account; SSB 5240 on anaphylaxis medications in schools; SB 5420 on veterans’ benefits access; SB 5467 on water-sewer district surplus property sales; SSB 5331 on insurer accountability; ESSB 5071 on endangerment with controlled substances involving fentanyl or synthetic opioids; and ESSB 5581 on safe system/complete streets transportation strategies. Most of these bills passed with broad bipartisan support, though some drew opposition over firearms restrictions, insurance penalties, or transportation costs. Several bills were amended on the floor before final passage, including changes to dates, scope, and technical language, and the session concluded with additional business beginning on SB 5649.

Transcript Highlights:

• </c><01:08:13.720><c> Where</c> Credit lending loss.
• Actually here you Credit lending loss.
• Credit and lending can be expanded.
• </c> Uh credit and lending can be expanded. Uh credit and lending can be expanded.
• </c> you know, what can actually lend you know, what can actually lend against.<01:34:19.680><c> And<

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.

Transcript Highlights:

• Lend? Nichols. O'Connowitz? Ruckie? Aye. Aye. Samarath? Shippy? Taves.
• Lend. Nichols. O'Connell. O'Conowitz. Lenny? Aye. Lend? Nichols. O'Connowitz? Aye. Robby? Ricks?
• Lend? Borman? Lent? Senator Beerke? How did you vote? That's what we thought. Yeah.
• Den Hartog, Foreman, Galloway, Groh, Guthrie, Harris, Hart, Kaiser, aye, Cole, Lakey, aye, Lenny, Lend