Transcript Highlights:

• that what a lot of crypto is is an unregistered security.
• Because they are worried that what a lot of crypto is is an unregistered security.
• Because they are worried that what a lot of crypto is is an unregistered security.
• You know, it behaves as a security.
• So that is the beauty of security, is being able to backtrack and find the original source.

Keywords: 988, house, all

Transcript Highlights:

• He is a rideshare driver and member of SEIU Local 26 already as a security officer.
• be able to have a union for rideshare drivers, I have seen what the union means for my job as a security
• be able to have a union for rideshare drivers, I have seen what the union means for my job as a security
• be able to have a union for rideshare drivers, I have seen what the union means for my job as a security
• be able to have a union for rideshare drivers, I have seen what the union means for my job as a security

Keywords: 1187, senate, all

Transcript Highlights:

• gang resistance education uh to security gang resistance education uh to security and<00:16:35.120
• that's limited to those security that's limited to those security enhancements<00:16:57.759>
• Our SRO and cyber security, those are all components, but one of the components definitely is cyber security
• I have dollars for some of these ongoing things like cyber security.
• <00:26:23.600> Thank uh school safety and security. Thank uh school safety and security.

Keywords: 919, house, all

Summary: The committee heard House File 3492, which would create a $25 million grant program for school safety and security improvements, funded by a reduction in a prior appropriation for the Northern Lights Express rail project. The bill would allow grants of up to $500,000 through the Department of Education for school districts, charter schools, cooperative units, tribal contract schools, and nonpublic schools. Staff explained that the bill uses the language of clause 7 of the safe schools revenue statute, focusing on facility security enhancements such as laminated glass, public announcement systems, emergency communication devices, and related equipment and modifications. Testifiers and members generally supported the goal of improving school safety, but there was disagreement about the bill’s scope. Supporters, including a superintendent and a nonpublic school principal, said the bill would help pay for one-time hardening costs like secure entrances, door locks, redesigned offices, and other physical security upgrades, and argued that all schools and students should be eligible. Several members raised concerns that the bill is too narrow and too competitive, could disadvantage districts without grant writers, and should also allow broader uses such as counselors, social workers, SROs, or mental health supports. Others said the bill should prioritize physical security and that one-time dollars are best used for one-time facility improvements. No vote was taken. The chair indicated the bill would be laid over, and the discussion ended with the author saying the proposal is not a fix-all but a starting point for school safety investments.

Transcript Highlights:

• I'm now going to turn my remarks to election security.
• We test the system security, safeguards, data encryption, and that it accurately counts votes.
• We have cyber navigators that work with the counties to ensure that their systems are secure.
• To ensure that their systems are secure.
• Vote-by-mail security.

Summary: The Government Operations Subcommittee met to hear a lengthy presentation from Secretary of State Cord Byrd on Florida election administration, with a focus on how elections are handled during natural disasters, election security, and preparations for the 2026 cycle. Byrd described Florida’s response to hurricanes in 2022 and 2024, saying the state works directly with county supervisors of elections to tailor executive orders to local conditions, add or relocate polling sites, extend deadlines, and help displaced voters and emergency workers cast ballots. Members from affected areas echoed that local supervisors had managed storm disruptions well and that turnout remained strong despite major damage. A large portion of the meeting covered election integrity and security. Byrd emphasized Florida’s use of paper ballots, pre-election logic and accuracy testing, post-election audits, public canvassing, standardized voter-intent rules, and strict vote-by-mail request and signature-match requirements. He said the Department of State’s Office of Election Crimes and Security investigates complaints and refers matters to law enforcement, and that Florida has expanded access to the federal SAVE database to verify citizenship. Members asked about threats to election workers, staffing vacancies, cybersecurity, ballot design, vote-by-mail address changes, and how the state coordinates with county supervisors, emergency management, and other agencies. Several members raised questions about voter eligibility and returning citizens, and Byrd said the department provides free information to help people determine whether their rights have been restored, while noting that court and clerk reporting practices still create challenges. He also said the department is considering additional legislative proposals, including more safeguards tied to driver’s license and citizenship verification and a possible statewide 100% audit of races before certification. The meeting ended with the chair encouraging members to visit supervisors of elections offices and submit specific ideas for future elections legislation; no votes were taken and the committee adjourned.

Transcript Highlights:

• ’s just recently been, as of March 26th, a change in the Social Security... ...change with Social Security
• So there are significant changes on the Social Security side.
• the Social Security Administration.
• the Social Security Administration.
• With Social Security.

Keywords: 995, all

Summary: The hearing was an informational and oversight session of the Joint Committee on Children, Families, and Persons with Disabilities, with chairs and members hearing agency updates from several commissioners. The Department of Public Health’s Bureau of Family Health and Nutrition described its maternal and child health work, including home visiting, early intervention, WIC, newborn hearing screening, and cross-agency efforts on prenatal substance exposure, respite care, children’s vision, and maternal health initiatives. DPH emphasized that federal grant cuts, layoffs, and the loss of data systems such as PRAMS would weaken services and planning, and members asked about Title V funding and the impact of federal uncertainty. The Massachusetts Commission on the Deaf and Hard of Hearing highlighted communication access services, interpreter and CART referrals, emergency after-hours support, family navigation, and independent living services. Commissioners and members discussed the shortage of ASL interpreters and the need to expand training pipelines, including partnerships with colleges and possible ASL programming for younger students. The Department of Developmental Services reported serving nearly 50,000 people and focused on youth and adult services, transition-age supports, autism services, self-direction, respite, and new high-acuity residential models. Members asked about respite availability, self-direction outcomes, and workforce shortages; DDS said it was expanding clinical capacity and provider rates while monitoring possible federal Medicaid, SNAP, and immigration-related impacts. The Commission for the Blind described services for about 28,000 legally blind residents, most of whom are older adults, including social rehabilitation, orientation and mobility training, children’s services, assistive technology, vocational rehabilitation, and Turning 22 supports. The commissioner discussed a UMass-based effort to build the workforce pipeline for blindness services and said the agency was watching federal restructuring but had not yet seen direct cuts. MassAbility’s leadership then warned about major federal changes affecting Social Security disability determinations, including staff restructuring, office closures, and a new overpayment repayment policy, and said the agency was preparing for possible increases in claims and uncertainty around reallotment dollars that help fund services. The Disabled Persons Protection Commission closed the hearing with an update on its abuse investigations and protective services for adults with disabilities. DPPC reported rising hotline calls and investigations, a growing caseload, its sexual assault response team, the abuser registry, and a new interagency protective services integration system funded by ARPA dollars through 2027. The agency also flagged new federal rules that could affect funding eligibility and said it may need statutory changes to comply. Members asked about funding, reporting pathways, and how complaints reach DPPC, and the commissioner said the agency uses both mandated reporting and proactive outreach to identify and respond to abuse.

Transcript Highlights:

• Sort of what would security in schools?
• in schools and we've passed for security in schools and we've passed funding<00:03:58.480> for
• <00:04:41.840> Um,<00:04:42.240> would >> How about uh capital security?
• Um, would >> How about uh capital security?
• So you go to the question of capital security. Uh, there's a concern.

Keywords: 1187, senate, all

Transcript Highlights:

• them to secure my home and business.
• purchased solely to provide security. purchased solely to provide security.
• from the definition of security from the definition of security services.<00:09:57.200> So
• if a candidate purchased security if a candidate purchased security services<00:10:01.360> from
• <00:10:12.959> and which is protected by Burn security and which is protected by Burn security

Keywords: 1183, house

Summary: The committee took up House File 3363, a bill focused on protecting the privacy and safety of legislators and other candidates by limiting public access to home addresses and related information in campaign finance and election filings. The author said the bill was prompted by the events of June 14 and was intended to make temporary Campaign Finance Board changes permanent. No public testimony was offered, and the author explained that the bill had been narrowed and reorganized after a Senate delete-everything amendment expanded its scope. Members then considered a series of amendments. The A1 amendment, which added security devices and security services as allowable non-campaign disbursements, was adopted after questions about family relationships and whether payments to relatives could qualify. The A2 through A9 amendments were also adopted, covering data classification or redaction of street addresses in Campaign Finance Board reports, lobbyist gift reports, candidate affidavits of candidacy, nominating petitions, local government candidate reports, and retroactive redaction of existing reports. The A4 amendment was modified by A12 to apply city, state, and ZIP code reporting to political committees, political funds, and party units. The A13 amendment removed a proposed misdemeanor penalty tied to disclosure violations, and the A14 amendment was adopted to give caucus and chamber leaders access to actual candidate addresses, though members noted the language still needed refinement and that the intent was to continue working on it. There was discussion about whether the address-access language in A14 would apply to all candidates or only legislative candidates, and whether it would affect residency disputes; staff said it would not change complaint or court processes, but could be a data point. Several members said they had concerns about the breadth of the language but were willing to keep working on it. After the amendments were adopted, the committee moved to the bill as amended and recommended that House File 3363 be re-referred to the Judiciary Committee.

Transcript Highlights:

• that a lot of crypto is an unregistered security.
• Because they are worried that what a lot of crypto is is an unregistered security.
• These are companies that have successfully qualified their securities offerings in California.
• You know, it behaves as a security.
• So that is the beauty of security, is being able to backtrack and find the original source.

Summary: The committee took up AB 2285, a bill related to cryptocurrency staking and broader crypto regulatory issues. The author said the amendments would give California clearer guidelines for staking-as-a-service, maintain consumer disclosures, and remove a fee cap to make the business model workable. Supporters, including representatives of the Crypto Council for Innovation and the Satoshi Action Fund, said the bill would provide needed clarity and help Californians participate in blockchain-related opportunities. Opposition came from the Consumer Federation of California and credit union representatives, who argued the bill would weaken consumer protections, create an uneven playing field for state-chartered institutions, and move California into the middle of unresolved federal debates over the Clarity Act. They also raised concerns about fraud, money laundering, and the effect of the bill on DFPI’s authority and pending litigation involving Coinbase. The author responded that staking is distinct from buying crypto, that blockchain can improve traceability, and that the bill was still a work in progress with room for further amendments. Members discussed preemption, the pending federal framework, and whether the bill should wait until federal law is settled. The chair emphasized California’s role in setting policy and said other states were allowing consumers to benefit from staking. The committee ultimately adopted a due pass as amended motion and sent AB 2285 out on a 7-2 vote.

Transcript Highlights:

• setting for this specialized secure setting for this specialized secure care. care. care.
• youth, but also the safety and security youth, but also the safety and security of<00:10:33.760>
• <00:16:01.199> during efficiency, safety and security during efficiency, safety and security
• We can keep those security measures.
• security staff or it's treatment staff. security staff or it's treatment staff.

Keywords: 958, all

Summary: The Senate Judiciary Committee met with a quorum and took up Senate Bill 125, sponsored by Sen. Danny Carroll, which would create a structure for evaluating and placing juveniles with acute mental illness, including a continuum of care and a process for resolving placement disputes between the Justice Cabinet and Juvenile Justice Cabinet through a judge. The committee adopted a committee substitute before hearing the bill. Carroll described several changes in the substitute, including removing language that would have made juvenile information nonconfidential in certain lawsuits, requiring public escape information to be removed once a juvenile is returned to custody, clarifying escape charges for juveniles absent without leave, and revising language about when hospitals may discharge high-acuity youth until a new facility is built. Carroll and Justice Cabinet officials Mona Wamik and Dr. Clark Lester argued that Kentucky needs a secure high-acuity mental health facility for violent juveniles because detention centers are not equipped to provide psychiatric treatment, private hospitals often refuse these youth, and current staff cannot administer the level of care needed, including intramuscular medication. They also said the bill would support two new female detention centers to help return DJJ to a regional detention model. Carroll cited prior juvenile detention crises, ongoing lawsuits, and a Department of Justice investigation, saying the bill could affect whether Kentucky faces a consent decree. Wamik said the proposed high-acuity facility would serve youth clinically assessed as needing secure treatment and would be designed to balance security with clinical care. Senators asked about how the bill would apply to a violent 14-year-old, whether the facility would simply isolate dangerous youth, what clinical care DJJ can currently provide, and staffing and cost estimates. Carroll said the bill would not change criminal accountability but would apply only if a youth were found to be severely mentally ill and need treatment placement. Dr. Lester said DJJ currently can provide only oral psychiatric medication and cannot administer intramuscular injections or the physical holds needed for acute psychiatric treatment. Cabinet staff said staffing would need to be higher than in a standard detention setting and estimated annual operating costs for the high-acuity facility at about $12 million, compared with about $8 million for a regular juvenile detention facility. No vote on final passage was taken during the portion of the meeting provided.

Transcript Highlights:

• <00:31:48.559> the substantial interest in securing the substantial interest in securing the
• , and protecting Vermont's food security, and protecting Vermont's food security, rural<00:32:04.640
• Section 2: Creation of a farm and forestry operations security special fund.
• The subchapter security special fund.
• <00:41:26.480> and<00:41:26.800> before after food security and before after food security

Keywords: 926, house, all

Summary: The House opened with devotional remarks from Representative Greer focused on perspective, kindness, and the idea that people “earn” respect and love through shared humanity. After that, the chamber suspended rules to introduce 17 House bills by number only, and adopted JRS 3 in concurrence, setting a joint assembly for Tuesday, January 20, 2026 at 1:00 p.m. to receive the governor’s budget message. Several announcements followed, including birthday wishes, a note about the new federal whole milk for schools law, guest introductions, and caucus notices. The House also approved committee transfers for H.393, an act relating to the prohibition of requiring face masks in schools, moving it from Education to Healthcare, and H.334, an act relating to limiting employer restrictions on individuals separating from employment, moving it from General and Housing to Commerce and Economic Development. The chamber then took up H.649 on captive insurance companies. The Commerce and Economic Development Committee explained that the bill, based on Department of Financial Regulation proposals, would prohibit risk retention groups from lending to or investing in members or affiliates, require annual and quarterly filings in NAIC form with a jurat page and actuarial certificate, and create new filing requirements for sponsored captive protected cells. The committee reported unanimous support, and the House amended the bill and ordered third reading. The House next considered S.60, establishing a Farm Security Special Fund. The Agriculture, Food Resiliency, and Forestry Committee and Appropriations described the bill as a response to repeated weather-related losses affecting farms and forestry operations, including flooding, freezes, drought, and other extreme events. The House version adds forestry and changes assistance from grants to payments to make aid faster and less cumbersome. The program would be administered by the Agency of Agriculture, Food and Markets, with a review board and payments of up to 50% of uncovered losses, capped at 5% of annual appropriations and $150,000 per application. The committee testimony emphasized the need for a permanent, predictable state relief mechanism, and the bill was advanced with strong support.

Transcript Highlights:

• This is a simple election security bill.
• Uh, some false sense of security.
• With Harris County ballot security and yourself?
• This creates a dangerous security gap. Think of it like this.
• What we've witnessed is ceremonial demonstration, not security validation.

Transcript Highlights:

• , or any private security.
• <00:02:57.519> protocols, force to review uh security protocols, force to review uh security
• out that so that whatever security out that so that whatever security measures<00:10:13.279>
• would be responsible for that security. would be responsible for that security.
• voting while keeping elections secure. voting while keeping elections secure.

Keywords: 1189, house, all

Transcript Highlights:

• People want<00:03:01.159> security.
• <00:04:21.440> That's security.<00:04:29.840> That's<00:04:30.240> security.
• financial<00:05:07.120> security,<00:05:07.680> job<00:05:08.000> security,
• <00:05:08.560> and financial security, job security, and financial security, job security, and
• <00:22:38.480> Security, around those ideas. Security, around those ideas.

Keywords: 1183, house

Transcript Highlights:

• That claim is the court security claim.
• The court security, by far, it's over 90% of our fees are paid from our budget go to the court security
• The court security, by far, it's over 90% of our fees are paid from our budget go to the court security
• <00:15:38.480> KRS64092 court security claims. KRS64092 court security claims.
• :15:42.959> compensation outlines the court security compensation outlines the court security

Keywords: Call to Order: 00;15 Approval of Minutes: 01:22 Update on Generator replacement: 01:52 Update on Sheriff Fees: 13:28 Adjournment: 25:22, 958, all

Summary: The committee met for its fourth budget subreview session focused on personnel, public retirements, and finance. Members approved the minutes from the prior meeting and then heard from Finance Cabinet staff on two main items: a $7.5 million request related to generator systems and a sheriff’s fees budget request. The generator request was described as a preventive, life-cycle replacement and capacity-enhancement effort for 26 generators serving Frankfort-area state buildings, intended to protect continuity of government and expand beyond basic emergency power to support continuity of services. Members asked detailed questions about how many generators would be replaced, the cost per unit, the scope of the study, and whether the work could be phased. Staff said the $7.5 million would cover a full evaluation and any resulting engineering/replacement work, but the exact number of replacements was not yet known. They estimated the initial study would cost about $500,000 to $750,000, would take six to nine months once funded, and would produce building-by-building recommendations. Staff also said typical generator life cycles vary widely, often around 15 to 20 years but sometimes longer depending on run hours and usage. The committee then reviewed sheriff’s fees, with the Division of Local Government explaining that the state reimburses counties for several statutory sheriff-related costs, especially court security, which accounts for more than 90% of the claims. Staff said the current budget base is about $20 million, while actual spending has been running above $23 million, leading to a $3.5 million growth request to align the base with projected spending and reduce the need for non-general fund expenditure (NGE) adjustments. Members asked about claim volume, county participation, reimbursement controls, and whether the request reflected growth or underfunding; staff said all 120 counties submit claims, volumes have been fairly steady, and reimbursements are governed by statute and signed monthly certifications. No votes were taken on the requests, and the meeting adjourned after questions concluded.

Transcript Highlights:

• <00:24:55.440> administrative security manager for the administrative security manager for the
• sheriffs have been using court security sheriffs have been using court security for<00:26:57.440
• This merely just gives court security the ability, the sheriff, to use court security in order to monitor
• This merely just gives court security the ability, the sheriff, to use court security in order to monitor
• This merely just gives court security the ability, the sheriff, to use court security in order to monitor

Keywords: 958, all

Summary: The Senate Judiciary Committee heard and advanced several bills. Senate Bill 198, relating to operations of the Office of the Attorney General, was described as a cleanup measure with seven changes, including allowing the AG’s office to handle child support employee background checks and fingerprinting, updating child support guideline commission references, clarifying control of constitutional officers’ records in multistate litigation, setting a 10-year statute of limitations for certain consumer protection matters, streamlining administrative hearing appeals, and changing representation of the professional geologist board. After questions about the administrative hearing appeal language, the committee passed the bill 9-0. The committee then passed Senate Bill 323, which would require subpoenas for medical records to be served at least 14 days before production. President Stivers said the bill is intended to give health care providers reasonable time to comply with HIPAA, redact records, and avoid motions to quash when subpoenas are served on short notice. A question about appeal deadlines was answered by noting the bill would not affect the common 10-day motion-to-reconsider rule. The bill passed 9-0. Senate Bill 66, as amended by committee substitute, was also passed 9-0. The substitute addressed DUI-related issues, including preserving certain driving records for 10 years, removing urine screens from the bill, adding fentanyl and other substances to the per se controlled-substances DUI list, and clarifying that a preliminary breath test may be refused and that officers should advise drivers of that right. The committee also passed Senate Bill 221, a model-law bill making the knowing purchase, sale, transfer, or offer to sell human remains for consideration a Class D felony; members asked about whether it could affect older medical specimens or fetal remains, and sponsors said the bill is aimed at remains authorized for final disposition through cremation or burial. That bill passed 8-0. Finally, Senate Bill 312, concerning court-ordered transports in mental health cases, was presented by court security and sheriff’s association representatives. They said the bill clarifies that sheriffs may use court security staff to monitor and transport individuals undergoing 202A mental health evaluations, addressing staffing shortages and existing practice. The committee passed the bill 8-0. The committee then began hearing Senate Bill 333 on body armor grants, with the Attorney General’s office testifying that the bill would transfer administration of the Law Enforcement Protection Program to the AG and align it with the office’s existing body armor grant program, but the transcript cuts off before any vote on that measure.

Transcript Highlights:

• Now we'll turn to safety and security.
• working across its secure and community facilities.
• Proper and consistent staffing is necessary for safety and security.
• Staff across JR's 11 secure and community facilities.
• , including security management and suicide prevention.

Summary: The committee met on July 15, 2026, but initially lacked a quorum, so it could not adopt prior minutes. Chair Jerry Pollett welcomed new member Senator Victoria Hunt and new JLARC staff, and noted national recognition for recent JLARC reports. The meeting then moved into a series of preliminary audit presentations and an agency strategic management update, with committee members asking questions after each item. JLARC presented a preliminary audit of DCYF’s Juvenile Rehabilitation programs. Staff concluded that crowding, staffing shortages, weak risk assessments, and inconsistent programming combine to create unsafe conditions. The report found that most youth are housed in two large secure facilities operating near or above capacity, incidents rise as population rises, 47% of frontline staff leave within a year, current assessment tools are not valid for the population, and program access depends more on facility than individual need. JLARC made one recommendation to the legislature to address crowding and seven to DCYF, including improving retention, training, incident response procedures, validated assessments, program alignment, and data quality. DCYF Secretary Ross Hunter said the agency agreed overcrowding is a serious problem, described ongoing efforts to improve staffing and safety, and said a detailed response would be provided later. Committee members raised concerns about education access, retaliation against staff or youth who participated in the audit, and whether JR-25 has helped or worsened conditions. JLARC then presented a preliminary audit of Labor and Industries’ enforcement of farm worker labor laws. The audit found that L&I generally meets inspection timelines for health and safety complaints, but not for wage and hour or retaliation complaints, where delays are driven largely by time before assignment to an investigator. Staff said complaint volume exceeds capacity, though the agency has added staff, created screening processes, and reorganized workloads, and 2026 legislation now allows prioritization of complaints and broader investigations. JLARC recommended that L&I report back in December 2026 and December 2027 on backlog reduction and implementation of the new law. An L&I representative said the agency is hiring additional staff and will provide a formal response later. The committee also received a JLARC overview and Department of Health strategic management plan update on hospital data reporting, inspections, complaints, and adverse event reporting. DOH reported measurable progress on inspection compliance, new staffing and licensing systems, translated complaint forms, and plans for future work on language access, adverse event reporting, and financial data dashboards. After lunch, JLARC began its 2026 tax preference performance reviews. The first review covered the Main Street tax credit, which JLARC said has helped increase the number of Main Street communities and businesses, with positive growth near designated districts; JLARC recommended continuing the preference and improving business-count data. The second review covered the equitable access to credit program, which JLARC said appears to support underserved communities by funding loans through CDFIs; JLARC recommended continuing the preference beyond its 2027 expiration. The committee began questions on the program mechanics and the role of the Community Reinvestment Act, and the presentation was still underway when the transcript ended.

Transcript Highlights:

• also suggested committee security also suggested committee security procedure<00:04:35.280> and
• c><00:08:41.360> and committee security procedures and committee security procedures and protocol
• Committee on Capital Area Security Committee on Capital Area Security recommends<00:27:01.360>
• capital area security is welcome. capital area security is welcome.
• ,<00:50:53.839> and accessibility, security, and accessibility, security, and transparency

Keywords: 1183, house

Transcript Highlights:

• of security.
• So this is the contract, uh, for night security, but do you have security attendance or security during
• 28.760> or<03:56:29.120> security<03:56:29.800> during security attendance or security
• They’re not security, right? It’s not labeled security.
• yeah<03:59:30.479> school<03:59:30.760> security label security yeah school security

Keywords: 912, senate, all

Transcript Highlights:

• HB 95 is an act related to security services on religious premises.
• Volunteer church security teams are already there.
• requiring a Class D and G Reggie Borkowski: Security license.
• While armed church security volunteers are clearly exempt from licensing under 493.
• I don't want Barney Fife on my Representative Bankson: security force.

Transcript Highlights:

• In Northern Ireland, we are encouraged to determine which publicly traded companies whose securities
• In Northern Ireland, we are encouraged to determine which publicly traded companies whose securities
• So we own no securities in Unilever.
• security that we can't invest in because of statute.
• If they choose to, they can go and purchase some securities there.

Summary: The Government Operations Subcommittee met with a quorum and began with member introductions and remarks from the chair emphasizing the committee’s focus on government efficiency, accountability, and oversight of executive branch agencies. Members shared their districts and backgrounds, with several noting hurricane recovery in their communities and a shared interest in reducing bureaucracy and improving service to Floridians. The committee’s only presentation was from Chris Spencer, Executive Director of the State Board of Administration, who gave an overview of the SBA’s governance structure, investment responsibilities, and divestment policies. He explained the SBA’s management of more than $257 billion in assets, including the Florida Retirement System, the Florida Hurricane Catastrophe Fund, and Florida PRIME, and reviewed the Protecting Florida’s Investments Act restrictions covering Northern Ireland, Cuba, Venezuela, Israel, Sudan, Iran, and China. He also described the implementation of HB 7071, including the required divestment from direct holdings in Chinese companies, and said the SBA had reduced its direct Chinese holdings from 33 companies totaling over $172 million to 13 companies totaling about $64 million, with completion expected ahead of the September 1, 2025 deadline. Members asked detailed questions about the Israel boycott list, Morningstar and MSCI, how the SBA gathers information, whether Cuba’s federal designation changes affect Florida law, how companies are removed from scrutinized lists, and whether divestment timing could affect returns. Spencer said the SBA uses public and paid research sources, gives companies a 90-day cure period in some cases, and brings list changes to the trustees for approval. He also explained that the China benchmark change is intended to reduce passive exposure while still allowing active investment decisions, and said the PFIA restrictions have had a modestly positive overall effect on pension performance. The chair also asked about the Florida Retirement System funded ratio and the CAT Fund’s capacity; Spencer said the pension fund is at 80.7% funded, that actuarial assumptions are reviewed regularly, and that the CAT Fund currently has more than $10.5 billion in liquid claims-paying capacity and is expected to remain well positioned for hurricane losses. No votes were taken, and the meeting adjourned after the presentation and questions.