Video & Transcript Research : 'debt restructuring'
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CA
California 2025-2026 Regular Session
Assembly Natural Resources Committee Jun 8th, 2026
Natural Resources
Transcript Highlights:
- This bill would restructure the Imperial County Air Pollution Control District to address the board membership
- We have concerns with the reforms that would restructure the Imperial County Air Pollution Control District
- to prohibit their permitting altogether demonstrates that this bill may be more than a simple restructuring
- to prohibit their permitting altogether demonstrates that this bill may be more than a simple restructuring
- Those provisions would substantially restructure the district's governing board and layer on extensive
Summary:
The committee heard several climate, coastal, and air quality measures. Senator Laird presented SCR 136 marking the 50th anniversary of the Coastal Act and Coastal Conservancy Act, and SJR 12 opposing the federal offshore oil and gas leasing program; both drew broad support from environmental groups, local governments, and other advocates, with no opposition on the record. Senator Padilla presented SB 10, which would require certain state agencies to include gender impact assessments in climate planning, with supporters arguing climate harms fall disproportionately on women and LGBTQ+ communities; it also drew support from environmental and equity organizations and no formal opposition at the hearing.
Padilla also presented SB 675 to restructure the Imperial County Air Pollution Control District board and expand public disclosure of permits, enforcement actions, and related information. Supporters, including the City of Imperial, residents, and environmental groups, said the district needs more representative governance and transparency because Imperial County faces severe air pollution and health burdens. Opponents, including the district, business groups, and agricultural interests, argued the bill would impose unfunded mandates, create administrative burdens, and could slow investment and permitting in the county. The bill was amended to remove a Title V permitting prohibition, and the committee ultimately approved it on a roll call vote.
Senator Allen presented SB 1229, which would limit use of the Coastal Act’s disaster-rebuild exemption when a replacement structure would newly impede coastal public access, aiming to prevent investors from exploiting post-disaster rebuilding rules. Support came from Sierra Club, Surfrider, and other coastal advocates, who said the bill protects public access and sensitive coastal resources while still allowing homeowners to rebuild. The committee also took up the consent calendar, which included several measures such as ACR 157, SB 899, SB 949, SB 963, SB 1008, SB 1207, SB 1428, and SJR 5. Final roll calls showed SCR 136, SJR 12, SB 10, SB 675, and SB 1229 all advancing out of committee, along with the consent items.
NM
New Mexico 2025 Regular Session
House - Health and Human Services Jan 27th, 2025
House Health & Human Services
Transcript Highlights:
- in an attempt to support our family, even as we took on hundreds of thousands of dollars of medical debt
- Hundreds of thousands of dollars of medical debt.
- Our income tax for a large, very large swath of New Mexicans has been lowered through the restructuring
US
US Federal 2025-2026 Regular Session
US House Floor Proceedings (Tuesday, January 13, 2026)
US Federal House Floor Meeting
Transcript Highlights:
- The mass layoffs and restructuring within the Department of Education's Office of Special Education have
- The mass layoffs and restructuring within the Department of Education's Office of Special Education have
HI
Hawaii 2026 Regular Session
CPC Public Hearing - Wed Feb 18, 2026 @ 2:00 PM HST
Consumer Protection & Commerce
Transcript Highlights:
- collect on a note, a debt.
- collect on a note, a debt.
- collect on a note, a debt.
- <00:24:15.679>
collectors mistake because Hawaii debt collectors mistake because Hawaii debt - debt that's being claimed by the lender. debt that's being claimed by the lender.
Bills:
HB20, HB2612, HB2404, HB2459, HB2194, HB1880, HB2284, HB1969, HB2458, HB1546, HB2161, HB1721, HB1641, HB2137, HB1782, HB2360, HB1965, HB1897, HB1513
Keywords:
lava insurance, homeowners, insurance market, subsidy, Hawaii, mortgage, debt, secured transactions, real property, Hawaii Revised Statutes, cooperative associations, electric utility cooperatives, agricultural cooperatives, mutual help, food innovation, agribusiness, food safety, market access, branding, economic diversification
Summary:
The committee heard testimony on HB 20, which would create a lava zone insurance subsidy/fund. The Insurance Division opposed the bill, arguing that lava zones 1 and 2 are the highest-risk areas, that a subsidy would not reduce the underlying risk or loss costs, that it could invite similar subsidy requests for other hazards, and that the bill may conflict with HICV by diverting funds from the CRF. Members discussed the lack of authorized homeowners insurance in those lava zones, the role of HPIA and the surplus market, and the difference between the proposed lava-zone subsidy and the Hawaii Hurricane Relief Fund. The chair noted 37 submitted testimonies in support and one in opposition, and the committee then moved on without taking a vote on HB 20 in the portion provided.
The committee then took up HB 2612, relating to mortgages, which would clarify that a mortgage does not exist independently of the debt it secures and is not independently enforceable from that debt. The Hawaii Credit Union League and Hawaii Financial Services Association opposed the bill, while several individuals testified in support, arguing it would restore Hawaii’s long-standing lien-state rule and prevent so-called “zombie mortgages” after the Hawaii Supreme Court’s White decision. Supporters said the bill would protect borrowers from delayed foreclosures and predatory lending practices, while opponents and the Insurance Division emphasized that foreclosure actions still require proof of standing and possession of the note, and that lenders generally pursue foreclosure without seeking deficiency judgments.
Committee members questioned the Insurance Division about how the current market works, whether lenders could wait out the statute of limitations and then foreclose only on the mortgage, and whether equitable tolling or later defaults could allow refiling. The division said it is still trying to attract authorized insurers back into the lava-zone market, but has seen little progress. No vote or final action on HB 2612 was taken in the excerpt provided.
TX
Texas 89th Regular
Press Conference: Senator Mayes Middleton Aug 4th, 2025
Texas Senate Floor Meeting
Keywords:
real property, fraud, theft, elderly, disabled, statute of limitations, criminal offense, property rights, property tax, ad valorem tax, voter-approval tax rate, no-new-revenue tax rate, tax rate calculation, Tax Code, local government finance, municipality, county, special taxing unit, sales and use tax, property tax cap
TX
Keywords:
real property, fraud, theft, elderly, disabled, statute of limitations, criminal offense, property rights, property tax, ad valorem tax, voter-approval tax rate, no-new-revenue tax rate, tax rate calculation, Tax Code, local government finance, municipality, county, special taxing unit, sales and use tax, property tax cap
NV
Keywords:
Nevada gaming, gaming regulation, sports pool, race book, interactive gaming, slot machines, restricted license, Gaming Control Board, Gaming Commission, game approval, administrative approval, service provider, cash access, wagering instruments, global risk management, information service, sports wagering, pari-mutuel wagering, casino regulation, gaming license
TX
Keywords:
municipal sales tax, street maintenance, local option tax, Tax Code Chapter 327, sales and use tax, street repair, sidewalk maintenance, water infrastructure, wastewater system, stormwater system, local election, ballot language, reauthorization, municipal finance, infrastructure funding, Texas municipalities, street and sidewalk tax, special district tax, public works, property tax
MN
Bills:
HF1569, HF460, HF850, HF707, HF798, HF852, HF366, HF365, HF836, HF866, HF885, HF959, HF1196, HF1788, HF1349, HF2272, HF2652, HF1251, HF607
Keywords:
transportation, bond issuance, capital investment, infrastructure, road improvements, HF460, Sibley County, Highway 21, County State-Aid Highway, bonding bill, state bonds, bond proceeds fund, transportation grant, infrastructure improvements, sanitary sewer, water main, storm sewer, stormwater, public works, local infrastructure
MN
Minnesota 2025-2026 Regular Session
State Committee Meeting - 2025-03-27
State Government Finance and Policy
Keywords:
state government finance, biennial budget, appropriations, Minnesota Management and Budget, Healthy Aging Subcabinet, Office of Healthy Aging, older adults, aging policy, long-term care, caregivers, public health, Medicaid fraud, medical assistance fraud, attorney general subpoena power, fraud enforcement, business filing fraud, Secretary of State, deceptive mailings, consumer protection, certified public accountant
MN
Minnesota 2025 1st Special Session
House State Government Finance and Policy Committee 3/27/25
State Government Finance and Policy
Keywords:
state government finance, biennial budget, appropriations, Minnesota Management and Budget, Healthy Aging Subcabinet, Office of Healthy Aging, older adults, aging policy, long-term care, caregivers, public health, Medicaid fraud, medical assistance fraud, attorney general subpoena power, fraud enforcement, business filing fraud, Secretary of State, deceptive mailings, consumer protection, certified public accountant
NM
New Mexico 2026 Regular Session
IC - Revenue Stabilization and Tax Policy Dec 16th, 2025
Transcript Highlights:
- legislature directed that a study be made of New Mexico's tax system and that the tax system be restructured
- Tax system, and that the tax system be restructured so that all subsequent tax increases would be equitably
- The legislature enacted a tax measure which restructured state and local taxes.
- So this tax reduced the gas tax, restructured PIT rates, with particular emphasis on reducing the marriage
- I also wanted to note of two significant bills in 2019, SB2 really restructured the film tax credit,
Summary:
The committee’s final day focused first on a historical overview of New Mexico tax packages by Pam Stokes of Legislative Council Services. She described how tax packages have alternated over the decades between tax relief, revenue raising, and tax reform, with examples ranging from the creation of the gross receipts tax in 1966 to major packages in 1981, 1986, 1991, 1994, 2005, 2019, 2022, 2024, and the vetoed 2025 package. Members discussed how tax policy often tracks revenue conditions, how packages can combine increases and decreases, and how local government gross receipts taxes and hold-harmless distributions have affected communities differently. Several members reflected on past packages, especially the 2004 food tax repeal and the 2013 film tax and manufacturing changes, and noted that tax policy can have major economic and political effects even when it is not “sexy” legislation.
The committee then heard a proposal to expand the health care practitioner gross receipts tax deduction to include co-insurance, and to extend the sunset date. Sponsor Senator Figueroa said the bill was intended to help recruit and retain medical providers and build on prior deductions for co-pays and deductibles. Testimony explained that co-insurance is the patient’s share after the deductible, that providers currently absorb the gross receipts tax on those payments, and that the proposal would cost about $30 million to the state plus about $20 million to municipalities and counties, with the exact fiscal impact likely to be updated. Members raised concerns about the effect on local governments, whether insurers could be required to reimburse providers, whether the bill would actually attract doctors, and whether better evaluation measures and sunsets should be added. The sponsor said the bill was part of a broader set of efforts to address provider shortages and that the discussion would continue.
Representative McQueen then presented a bill to update the Land Conservation Incentives Act. He and conservation partners said the program has protected more than 500,000 acres but has not kept pace with rising land values, especially for irrigated agricultural land in the Middle Rio Grande. The proposal would increase the percentage of conservation value eligible for the credit, raise the per-transaction cap from $250,000 to $2 million, and make the credit refundable rather than only transferable. Testimony emphasized that the program is voluntary, keeps land in private ownership and production, and helps land-rich, cash-poor landowners preserve farmland and water rights. Members asked about average credit amounts, how easements work, whether landowners could effectively buy land and then use the credit, and whether there should be inflation indexing or a statewide cap. The discussion also touched on water rights, fencing, and the role of conservation easements in protecting agricultural land and compact water deliveries.
Finally, Senator Sharer previewed his 2% tax proposal with a historical presentation on New Mexico tax law, using props to illustrate the evolution from early territorial tax codes to the modern tax system. He argued that the state’s current tax structure is overly complex and that recent federal changes have disrupted the personal income tax base. The committee did not take any votes on the day’s presentations; the meeting was primarily informational, with members offering feedback and raising policy concerns for future sessions.
NH
New Hampshire 2025 Regular Session
House Ways and Means (01/21/2025)
Transcript Highlights:
- The first is the school building aid debt service, and in fiscal year 25 that's just about $6.6 million
- 01:24:00.360>
Aid the first is the school building Aid the first is the school building Aid Debt - Service and in fiscal year 25 Debt Service and in fiscal year 25 that's<01:24:04.199>
just <01 - On page 52, the witness explained that part of the debt service for the bonds issued to pay almost $30
- A quarter of a century ago, the LBAO and I, aided by legislative drafting, restructured the 612 list,
Summary:
The committee received an overview from Chris of the Legislative Budget Assistance Office on how it will estimate unrestricted revenues for the General Fund, Education Trust Fund, Highway Fund, and Fish and Game Fund. He explained that the committee’s work is based on current law, not pending bills, and that the estimates will feed into a House resolution and an amendment to House Bill 1, the operating budget. He also described the broader budget process, including how House and Senate estimates are reconciled, how surplus statements account for revenue changes from enacted bills, and how a committee of conference could resolve differences later in the session. No votes were taken.
Members then asked about why the Education Trust Fund was running below plan. Chris said the shortfall appeared to be driven largely by business taxes, including differences in the BET/BPT split and improved tax-processing systems that better track where business tax payments belong. Representative Orr also asked about tobacco tax collections and out-of-state sales; Chris said tobacco revenue was likely overestimated in 2023 based on COVID-era patterns, with more people smoking at home, and noted that e-cigarette tax revenue goes to the General Fund while cigarette taxes are split between the General Fund and Education Trust Fund. He said he did not have a specific estimate for cross-border sales.
Commissioner Lindsay St. Pierre of the Department of Revenue then began a deeper dive into the department’s role and the taxes it administers. She reviewed the department’s mission, organizational structure, taxpayer services, and the tax policy and legislative analysis staff who prepare fiscal notes and testify on bills. She noted that the department administers about $2.9 billion in revenue across major taxes such as business taxes, meals and rooms, and utility property tax, and that the figures being discussed were preliminary because the annual report had not yet been issued. The discussion was informational only, with no formal action taken.
CA
California 2025-2026 Regular Session
Senate Budget and Fiscal Review Subcommittee No. 4 on State Administration and General Government May 21st, 2026
Transcript Highlights:
- safeguard that we have to prevent large corporations from some accounting maneuvers, that they may restructure
- It saves borrowers $14,000 in monthly savings, resulting in over $4.6 million in student debt canceled
- Katrina Linden, on behalf of Young Invincibles, Protect Borrowers, and the Student Debt Crisis Center
- has secured over $14,000 in monthly payment savings for borrowers, resulting in over $4.6 million in debt
Summary:
The subcommittee heard several May Revision proposals, primarily from the Department of Food and Agriculture, the Government Operations Agency, the Department of Technology, and the Franchise Tax Board. CDFA presented funding for the animal care program under Proposition 12, a transition away from the state hemp program to USDA oversight by January 1, 2028, ongoing support for agricultural statistics reporting after USDA reorganization, and trailer bill changes to the department’s indirect cost cap. The LAO generally supported the animal care, hemp transition, and statistics proposals, while also urging future review of the Prop 12 funding once litigation is resolved. The indirect-cost-cap language was described as technical and not increasing charges to programs, and it was held open with no objections from the LAO or Finance.
The committee also discussed the new federal Workforce Pell program and related Cradle to Career funding and trailer bill language. Finance said the state is still reviewing federal rules and is focusing on basic implementation steps, with the trailer bill assigning eligibility determinations to the California Student Aid Commission, requiring data sharing through Cradle to Career, and prioritizing public institutions first. The LAO urged caution because the federal rules were just finalized and said the Legislature should better define the process and costs before appropriating the $1.3 million requested for Cradle to Career. Members raised policy concerns about limiting the program to certain institutions and about aligning the proposal with pending legislation and broader workforce policy.
The Department of Technology presented a $1 million request for Poppy, the state’s digital assistant, to expand a secure GenAI platform for state employees. Members asked detailed questions about data security, model training, bias controls, and whether the system could eventually support local governments; CDT said the system uses state-controlled cloud infrastructure, does not use user data for training, and quarantines new models for review. CDT also sought provisional authority for the Middle Mile Broadband Initiative to cover possible operating shortfalls while the network is still being built; the LAO remained concerned about broad spending authority, and several members questioned the revenue assumptions and oversight. FTB then proposed retaining a smaller set of CalFile resources after the federal Direct File program was discontinued, with the LAO saying the reduced staffing level was broadly reasonable but still worth legislative scrutiny. The committee also began hearing the administration’s revenue proposals, including a permanent limitation on business tax credits and a tax on electronically delivered prewritten software, with the LAO generally supporting the goal of raising ongoing revenue but recommending changes to the software proposal’s exemptions and business-use treatment.
MN
Minnesota 2025-2026 Regular Session
House Public Safety Finance and Policy Committee 4/9/25
Public Safety Finance and Policy
Transcript Highlights:
- internal transfers of appropriated funds between programs to align with recent internal fiscal restructuring
- recent between programs to align with recent internal<00:05:18.960>
fiscal <00:05:19.440>restructuring - <00:05:20.080>
at <00:05:20.240>the internal fiscal restructuring at the internal fiscal - restructuring at the DOC.<00:05:21.759>
um <00:05:22.240>a <00:05:22.560>fictitious
FL
Florida 2026 Regular Session
FL House Floor Session - 2025-04-24 (10:00AM Session)
Florida House Floor Meeting
Transcript Highlights:
- It restructures language regarding criteria for involuntary placement or treatment.
- It restructures language regarding criteria for involuntary placement or treatment.
- It restructures language regarding criteria for involuntary placement or treatment.
- historic reserves, Those same leaders have also set aside historic reserves and worked to pay off state debt
Summary:
The Senate opened with prayer, the Pledge of Allegiance, and several recognitions, including guests from Miami Northwestern Senior High School, Clay County, and a moment of silence for Pope Francis. Members then moved to the special order calendar after adopting a motion to reconsider the earlier failed vote on CS/SB 1080, which was temporarily postponed. The chamber also temporarily postponed several bills during the day, including measures on social media use by minors, veterans’ nursing homes, Parkinson’s disease, mental health and substance use disorders, education, educator preparation, benefits for certain officers injured in the line of duty, Brownfields, and school social workers.
The Senate passed a series of bills with little or no opposition, often substituting House companions for Senate bills. These included expedited DNA testing grants for law enforcement; additional aggravating factors in capital felony sentencing; fertility preservation coverage for cancer patients; commuter rail indemnification; disposition of migrant vessels; specialty license plates; an Alzheimer’s and dementia awareness campaign; relocation of the Council on the Social Status of Black Men and Boys to Florida Memorial University; charter school changes; registration rules for sexual predators and offenders; assault and battery penalties for utility workers; juvenile justice revisions; reporting of student mental health outcomes; foster home licensure transfers; water access facilities and boating-related funding; Florida Virtual School changes; school readiness program improvements; protections against lewd sexual images of children; age-related criminal offense provisions; tampering with electronic monitoring devices; certified recovery residences; and codification of the FSU Election Law Center. Most of these bills passed overwhelmingly, though the charter school bill and the aggravating factors bill drew more divided votes.
One of the most debated measures was SB 820, codifying the Office of Faith and Community. Senator Polsky offered an amendment to bar political activity by office employees while on duty and using government resources, citing alleged election-related emails and concerns about mixing government and religious influence. Supporters argued the amendment was needed as a guardrail; opponents said existing law already covered the conduct and that the amendment could be confusing or overly broad. The amendment failed 13-23, and the underlying bill passed 27-9 after extended debate about faith, politics, and the office’s role. Another notable debate involved SB 954 on certified recovery residences, where senators emphasized the need for stable housing in addiction recovery and the bill passed unanimously after supportive remarks from members who had personal experience with recovery. The Senate also passed SB 674 on bonuses for county tax collector and property appraiser employees after questions about safeguards and the purpose of the bonuses.
KY
Kentucky 2026 Regular Session
Senate Standing Committee on Families and Children.(2-10-26)
Families & Children
Transcript Highlights:
- financial component, there's another bill that I'm going to be filing that would basically kind of restructure
- financial component, there's another bill that I'm going to be filing that would basically kind of restructure
- ><00:13:59.600>
of that would would basically kind of that would would basically kind of restructure - 01.360>
for <00:14:01.680>child <00:14:02.000>care, <00:14:02.240>and restructure - funding for child care, and restructure funding for child care, and it<00:14:02.639>
would <00
Summary:
The Senate Standing Committee on Families and Children met for its first meeting, established a quorum, and took up Senate Bill 160, sponsored by Chair Danny Carroll, which would change child care regulatory enforcement. Carroll said the bill is intended to give the cabinet and OIG more discretion when responding to complaints or self-reported incidents, including considering a center’s policies, training, supervision, self-reporting, corrective actions, and history before issuing plans of correction, directed plans of correction, suspensions, or revocations. He also said the bill would provide new child care centers with more support during a six-month probationary period, including at least two support contacts, one in person, and limit violations during that period unless a violation was knowingly committed after clear instruction or posed an immediate threat to children.
Members discussed the bill in the context of child safety and enforcement. Senator Frommeyer raised a personal tragedy involving her infant niece’s death in child care and asked about inspection frequency and how quickly unsafe conditions are corrected. Carroll responded that serious incidents would trigger immediate reporting and likely Child Protective Services involvement, while less severe issues could take longer; he said inspectors would direct centers to correct unsafe items and that emergency suspension could follow noncompliance. He also noted existing rules on baby bed replacement and mattress requirements. Frommeyer and other members said the bill struck a balance between protecting children and giving centers more time and guidance, especially smaller private centers that struggle with staffing and funding.
After discussion, the committee called the roll and Senate Bill 160 received a favorable expression by a vote of 10-0. Carroll then previewed other child-focused legislation expected later in the session, including a bill addressing pediatric ingestion of illegal substances, a House child care bill, a child welfare omnibus bill, and a resolution related to the Dolly Parton Imagination Library. The committee then adjourned.
AK
Alaska 2025-2026 Regular Session
House Floor Session Jul 16th, 2026 at 10:30 am
Alaska House Floor Meeting
Transcript Highlights:
- It's a tax restructuring bill. Let's be very clear about that.
- It's a sweeping tax restructuring bill that reaches far beyond the Alaska LNG pipeline.
- Let's not try to bolt it on to a gas tax relief bill or restructuring bill that is just the beginning
- And he has said to us, I can do it, but I need the tax restructuring.
- That's what the plan developer wanted: tax restructuring.
Summary:
The House met with a quorum, approved the journal, and received messages from the governor and Senate, including notice that the governor vetoed CSHB 16 and allowed HB 14 to become law without signature. The chamber then took up the conference committee report on HB 381, a major Alaska LNG-related bill that revises the project’s tax and regulatory structure. The conference report was explained as a compromise package that, among other things, changes required local contribution language, expands disclosure and notice requirements, adjusts foreign ownership reporting, extends the Phase 1 construction deadline, adds a $10 million workforce development/community impact fund, modifies project labor agreement provisions, and exempts the Alaska LNG project from the new pass-through entity tax while still requiring an informational tax return in 2027. The Speaker also announced the governor had issued a proclamation calling the legislature back into session on July 27, 2026, and said sine die would be moved after debate.
Debate on HB 381 was sharply divided. Supporters argued the bill is necessary enabling legislation to improve the project’s financial viability, protect Alaska’s interests, and move the North Slope gas line toward final investment decision, while also adding transparency, foreign ownership safeguards, and labor and workforce provisions. Several members said the conference committee process was collaborative and that the bill reflects hard-fought compromise with the developer, AGDC, labor, and the administration. Opponents focused on the addition of the pass-through entity/S-corp income tax and related reporting requirements, arguing it is a separate tax policy issue that should have been considered in its own bill, creates uncertainty and litigation risk, could harm existing oil and gas and Cook Inlet production, and may discourage investment. Multiple members also criticized the process as rushed and insufficiently transparent, especially the limited opportunity for the minority and the absence of Department of Revenue testimony during conference.
No final vote on the conference committee report is shown in the transcript excerpt. The debate continued with members alternating between support for the gas line project itself and opposition to the tax provisions and process used to advance HB 381.
MN
Transcript Highlights:
- It carries about 1 and 1/2 billion dollars in outstanding debt.
- responsibility to provide democratic accountability within this existing structure or within a restructure
- <00:17:45.360>
that <00:17:45.560>would <00:17:45.720>be or within a restructure - that would be or within a restructure that would be reformed?
- And we're actually kicking up our work on our audit and restructuring in order to provide even more support
FL
Florida 2025 Regular Session
October 7, 2025 - 03:30 PM
Transcript Highlights:
- JUNE 6TH THE RESTRUCTURING NOTICE THAT CAME OUT ALLOWED US TO PIVOT A LITTLE WHEN IT CAME TO LAUNCHING
- BE CROSSED AND IT PROVIDED US WITH BEING ABLE TO FINISH UP THOSE DEPLOYMENT EFFORTS ACROSS OUR RESTRUCTURING
- POLICY AND ONE OF THE THINGS THAT LED TO THAT PAUSE IN THE WORKFORCE WAS THIS RESTRUCTURING POLICY BUT
- GARCIA. >> ONE OF THE THINGS WE'RE PUSHING AS MENTIONED DURING THE PRESENTATION IS THE JUNE 6 RESTRUCTURING