Video & Transcript Research : 'regulatory framework'
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NM
New Mexico 2026 Regular Session
Senate - Health and Public Affairs Feb 4th, 2026 at 06:25 pm
Senate Health & Public Affairs
Transcript Highlights:
- The consent framework is really prescriptive, category by category.
- And our concern is that we not be regulated by two separate Regulatory frameworks.
- It establishes a sweeping, New Mexico-specific privacy framework.
- This just brings the framework up to one Unified comprehensive regulation response.
- There's a steep regulatory cliff that's being used across the state.
Keywords:
prior authorization, pharmacy benefits manager, PBM, health insurer, prescription drugs, step therapy, formulary, auto-adjudication, electronic portal, appeals, medical necessity, serious mental illness, mental health, schizophrenia, bipolar disorder, major depression, substance use disorder, addiction treatment, cancer, autoimmune disorder
NH
New Hampshire 2026 Regular Session
Senate Energy and Natural Resources (03/31/2026)
Energy and Natural Resources
Transcript Highlights:
- So this is a bill that can provide that kind of regional regulatory framework.
- So this is a bill that can provide that kind of regional regulatory framework.
- framework, and so this is a bill that can provide that kind of regional regulatory framework.
- Um, there is a science-based regulatory framework in place and this bill would create something brand
- Um, there is a science-based regulatory framework in place and this bill would create something brand
TX
Transcript Highlights:
- If you leave a regulatory framework in place, if you install a, let me, if you regulate an illegal substance
- And so, both of those are under this regulatory slash ban bill.
- pass regulatory or prohibitive laws. So on a regulatory front, we regulate a lot of bad stuff.
- I think the question of where the regulatory framework works or not not, just look at the data.
- So the question I would have for people to ask me is regulatory work or not.
Keywords:
hemp regulation, consumable products, cannabinoids, occupational licenses, criminal offenses, SB 11, Texas attorney general, election crimes, election law enforcement, criminal prosecution, Election Code, Government Code Chapter 402, local prosecutors, county attorney, district attorney, grand jury, probable cause reports, state election offenses, voter fraud, election integrity
LA
Louisiana 2026 Regular Session
Administration of Criminal Justice May 19th, 2026
Administration of Criminal Justice
Transcript Highlights:
- the Louisiana Department of Justice to receive input, feedback, and suggestions relative to the framework
- to study and make corrections relative to the current administration, efficiency, and statutory framework
- We would recognize that you've got a 30-year history of regulatory success with the Gaming Control Board
- dangerous synthetic compounds from natural kratom leaf products and put in place a responsible regulatory
- framework that protects consumers while respecting adult freedom and scientific evidence.
Bills:
HR73, HR272, HR273, HR278, HCR91, HCR99, HCR100, HCR111, HB255, HB261, HB328, HB378, HB479, HB517, HB564, HB778, HB1090, SB135, SB278, SB448
Keywords:
domestic abuse, protective orders, victim protection, Louisiana State Law Institute, mandatory procedures, parental discipline, corporal punishment, child abuse, cruelty to juveniles, juvenile delinquency, juvenile justice, child welfare, DCFS, Office of Juvenile Justice, reasonable discipline, parental rights, family law, law enforcement reports, abuse allegations, single-parent households
Summary:
The Criminal Justice Committee met on May 19, 2026, with a long agenda and several members’ bills and resolutions. The committee first considered HB 255, as substituted, which would add up to two years of imprisonment for a person charged with a felony or rioting offense who wore a mask or face covering to evade identification, with exceptions for religious coverings, motorcycles, and medical use. Supporters said it targeted concealment during felonies; the ACLU opposed it as redundant and potentially overbroad, while the Louisiana District Attorneys Association clarified the enhancement would apply only to felony convictions. The committee adopted the substitute and reported HB 255 favorably by a vote of 8-3. It then advanced HB 378, which creates penalties for using a vehicle to obstruct first responders and law enforcement; after an amendment narrowed the bill to first responders, it was reported favorably. HB 1090, increasing penalties for arson of a religious building, also passed favorably after testimony emphasizing attacks on houses of worship. HR 272, requesting a study on parental discipline, abuse allegations, and juvenile delinquency, was reported favorably as well.
The committee also heard HB 479, the Fiscal Truth and Sentencing Act, which would require more detailed reporting on incarceration costs and sentencing impacts. Supporters, including the ACLU, said the bill would improve transparency and help lawmakers make better fiscal decisions; clerks of court opposed it as an unfunded mandate. Despite amendments shifting reporting duties and clarifying compliance with Children’s Code Article 412, the bill failed on a 4-7 roll call. The committee then deferred HCR 99 and took up HR 278, which asks the Attorney General to consult stakeholders and review electronic monitoring laws and regulations; supporters described serious failures in the current GPS monitoring system, and the resolution was reported favorably. HR 273, creating a task force to study work release programs, was also reported favorably after members said it would help refine the system and gather cost data.
Later, the committee heard SB 448 on the Office of the State Public Defender. After discussion of a recent Supreme Court ruling and concerns about expert-witness funding and indigency determinations, the committee adopted an amendment adding a contradictory-hearing process and appellate review protections, then reported the bill as amended. HCR 100, concerning casino property sales, was amended to remove specific property references and instead urge the Gaming Control Board to consider economic development, job creation, and community benefit; the casino association withdrew opposition after the amendment, and the resolution was reported favorably as amended. The committee also voluntarily deferred SB 278 and HCR 91. HB 261, which would create exceptions to abortion laws for rape and certain sex offenses, drew extensive emotional testimony from supporters and opponents, including survivors and legislators discussing rape, incest, and fetal life; the bill was defeated 2-10. Finally, the committee took up HB 778 on kratom possession, with the author arguing for a distinction between natural kratom and synthetic products, and supporters and opponents offering conflicting testimony about safety, addiction recovery, and regulation.
VT
Transcript Highlights:
- regulatory toward our own citizens. regulatory toward our own citizens.
- Advisory Board to build the policy to implement and support the framework.
- Advisory Board to build the policy to implement and support the framework.
- Advisory Board to build the policy to implement and support the framework.
- Um, I will and support the framework.
Summary:
The House first debated House Bill 527, extending the sunset of 30 V.S.A. chapter 248A, which governs telecom tower siting. Members discussed a Senate proposal of amendment that would require a mandatory local hearing with the developer and the Department of Public Service present. Supporters said the change would improve public participation and local control, especially for rural towns, while opponents argued it could either stall telecom development or speed it up with less input. Several members also raised concerns about health effects of RF radiation and cited scientific studies and court actions, while others said they had not seen evidence of the harms claimed and emphasized the importance of connectivity. A proposed further amendment to shorten the sunset to one year was defeated by roll call, 52-89, and the House then concurred in the Senate proposal of amendment by roll call, 122-14.
The House then took up House Bill 686, relating to expanding identification of certain lobbying advertisements. After suspending rules, members heard a summary of the Senate’s strike-all amendment, which broadened the definition of lobbying communications and required clearer identification and reporting for paid lobbying ads, while avoiding duplicate reporting where campaign finance disclosures already apply. The Government Operations and Military Affairs Committee reported a 10-1-1 straw poll in favor, and the House concurred in the Senate proposal of amendment.
Next, the House considered Senate Bill 326, miscellaneous amendments to motor vehicle laws. The Transportation Committee described the changes as largely technical, including provisions related to hands-free cell phone use for commercial drivers and to mufflers, motorcycles, and annual inspections. After testimony from Legislative Council and the Department of Motor Vehicles, the committee recommended concurrence on a 9-1-1 straw poll, and the House concurred and then voted to message its action to the Senate forthwith. The chamber also took up the conference report on House Bill 642, youthful offender proceedings, with the conference committee restoring House language allowing victims to attend and present impact statements at both hearings and making several technical cross-reference corrections; the report was presented for House consideration.
CA
California 2025-2026 Regular Session
Senate Energy, Utilities and Communications Committee Jun 24th, 2026
Energy, Utilities and Communications
Transcript Highlights:
- California has spent the last several years developing the regulatory framework for community microgrids
- What I don't want to do is put more regulatory burden on the IOUs, but I want to make sure that we have
- What I don't want to do is put more regulatory burden on the IOUs, but I want to make sure that we have
- Through regulatory accounting mechanisms, these costs would have automatically rolled into rates.
- The framework, exactly. Yes, thank you. The framework. Thank you, ma'am. Thank you. Okay.
NM
New Mexico 2025 Regular Session
House - Energy, Environment and Natural Resources Mar 1st, 2025
House Energy, Environment & Natural Resources
Transcript Highlights:
- It fills an important regulatory gap. It fills regulatory gaps in many important ways.
- framework and define key terms for developing a geologic.
- There's already a robust framework at the federal level.
- The federal framework includes those requirements.
- Number one, this bill really sets the legal and regulatory framework for allowing the state to take control
HI
Hawaii 2025 Regular Session
AEN, AEN-HWN Public Hearings 01-24-2025
Transcript Highlights:
- It requires the aquaculture program to develop a risk-based framework and biocontainment standards for
- What we see the million dollars as is building that risk-based framework because we know there's a lot
- What we see the million dollars as is building that risk-based framework because we know there's a lot
- What we see the million dollars as is building that risk-based framework because we know there's a lot
- What we see the million dollars as is building that risk-based framework because we know there's a lot
Summary:
The Senate Agriculture and Environment Committee heard five bills on January 24, 2025. SB 1 would phase out disposable air filters and require reusable air filters by 2030; testimony was limited, with one supporter urging clearer definitions of fiberglass and paper and several opponents listed, and the committee later deferred the bill indefinitely for lack of support testimony. SB 13 would create an aquaculture investment tax credit beginning in 2026; state agencies and several industry groups supported it, while the Tax Foundation raised concerns about loose definitions, internal inconsistencies, and blanks that made the bill hard to estimate or vet. The committee passed SB 13 with amendments and technical changes, and deferred its effective date to July 1, 2015 as stated on the record.
SB 177 would shift aquatic livestock import and movement permitting to the Department of Agriculture’s Animal Industry Division, require a risk-based assessment and biocontainment standards, and seek a $1 million appropriation for research and staffing. The Department of Agriculture said the bill would help expand aquaculture while managing risks to native species; aquaculture and farm groups supported it, while Animal Rights Hawaii was listed in opposition. The committee passed SB 177 with amendments, blanking the appropriation for committee report consideration, and deferred its effective date to July 1, 2050.
SB 184 would raise the beverage container deposit and refund from 5 cents to 10 cents. Supporters said the higher deposit could improve recycling and environmental outcomes, while opponents, including the Tax Foundation, cited fraud concerns, the program’s existing fund balance, and practical challenges in redemption; the Department of Human Services also noted potential impacts on blind vendors. The committee took the bill up but deferred decision-making until Monday, January 27, 2025, at 10:01 p.m. in Room 224.
The committee also heard SB 250, which would increase the income tax credit for interisland transportation costs for agricultural products. Agricultural and industry witnesses supported the bill as a way to offset rising shipping costs and preserve access to markets, while the Tax Foundation preferred direct appropriations over tax credits and objected to missing bill details. The committee passed SB 250 with amendments from the Department of Agriculture and deferred its effective date to July 1, 2050. Separately, a joint hearing on SB 240, the Right to Farm bill, drew mixed testimony: the Department of Agriculture supported further study and raised concerns about the bill’s fragmented approach, while farm, cattle, and other industry witnesses split between support for protecting customary Native Hawaiian subsistence farming and opposition to excluding CAFOs and certain business structures. No vote was taken on SB 240 in the portion provided.
FL
Florida 2026 4th Special Session
February 12, 2026 - 09:15 AM
Transcript Highlights:
- Members, this PCS is about regulatory clarity, consistency, and consumer protection.
- We've got past experiences that we can rely on, and so we're borrowing regulatory framework from how
- we handle alcoholic beverage sales, and we're also borrowing some of the regulatory Framework, particularly
- But if I ever become convinced that this regulatory framework just won't work, if this isn't enough to
- I am in full support of a regulatory framework that makes sense.
CA
California 2025-2026 Regular Session
Assembly Utilities and Energy Committee Jun 24th, 2026
Utilities and Energy
Transcript Highlights:
- framework.
- Regulatory certainty informs a big portion of our credit ratings.
- Regulatory certainty informs a big portion of our credit ratings.
- We look at large load consumers, and that's why we set out that framework.
- As written, SB 887 creates a framework. ...careful attention.
HI
Hawaii 2025 Regular Session
JHA Info Briefing - Wed Jan 29, 2025 @ 2:00 PM HST
Hawaii House Floor Meeting
Transcript Highlights:
- Playing Field and a uniform regulatory Playing Field and a uniform regulatory Authority<00:18:22.520
- <00:26:32.039>
that intentionally design a framework that intentionally design a framework - amount as far as hemp regulatory amount as far as hemp regulatory enforcement<01:02:02.119>
the - <01:02:21.279>
enforcement funding for the regulatory enforcement funding for the regulatory - gaps thanks from a regulatory gaps thanks from a regulatory perspective<01:45:49.119>
you
ND
North Dakota 2025-2026 Regular Session
Advanced Nuclear Energy Committee Apr 22nd, 2026
Transcript Highlights:
- They've been doing regulatory statutes based on older technology, your typical large Regulatory statutes
- SpaceX and other than Blue Origin, et cetera, started that regulatory framework back in 2001 or 2021,
- So we're seeing a very similar pathway here: regulatory framework changes.
- So the regulatory development program...
- I talked about using technology-inclusive frameworks.
Summary:
The meeting opened with remarks about the value of public engagement and the quality of questions from the group, followed by a series of technical presentations from Idaho National Laboratory staff. Joe Renovitz described recent nuclear regulatory changes tied to presidential executive orders, including NRC Part 53 for advanced reactors, the forthcoming Part 57 for very small reactors, and DOE updates to reactor authorization standards. He emphasized efforts to align DOE and NRC processes, use risk-informed and performance-based licensing, support reactor deployment for AI/data centers and national security, and use AI to speed communications and crosswalks between DOE and NRC requirements. In response to questions, he said there was no plan to merge agencies, but rather to improve coordination and public outreach through groups like GAIN and NEI.
David Tolman then discussed the nuclear fuel cycle, including uranium mining, conversion, enrichment, fuel fabrication, spent fuel storage, transportation, disposal, and reprocessing. He explained high-assay low-enriched uranium (HALEU), why it is needed for advanced reactors, and DOE’s HALEU Availability Program and related investments in enrichment, transportation, deconversion, and supply chain development. He also covered spent fuel management, the possibility of centralized storage or a fuel-cycle campus, the Center for Used Fuel Research, and ongoing work on high-burnup cask testing and reprocessing technologies. Tolman described aqueous, pyrochemical, and fluoride-volatility reprocessing approaches, noting the advantages and waste characteristics of each, and said several companies are working with INL on these technologies.
Ashley Shields presented INL’s AI and nuclear work, focusing on the Genesis initiative and the Prometheus effort to use AI to design, license, build, and operate reactors with far less human intervention. She described INL’s broad use of generative AI tools, the need to manage large volumes of legacy technical data, and applications in reactor design, materials discovery, autonomous laboratories, and digital twins. Shields said AI is being used to reduce the enormous documentation burden in nuclear licensing and to support autonomous or remotely operated reactor demonstrations, while stressing that humans remain in supervisory roles. In discussion, she addressed data security, model access, and the continued need for software engineers. The session then recessed briefly and resumed with Mitch Kerman beginning a presentation on critical minerals and materials.
TX
Transcript Highlights:
- This bill creates a regulatory framework for TCEQ to monitor and mitigate the environmental threat posed
- TCC is concerned that HB4028 seeks to override TCEQ's existing regulatory... ...framework for establishing
- This is an area where the county doesn't have any regulatory authority, and that's okay.
- I think it's best for Texas to follow the federal government in its... ...regulatory framework around
- The bill is very substantive, and it brings in a second agency into that regulatory framework, which
Keywords:
hydrogen sulfide, public health, environmental regulation, Texas Commission on Environmental Quality, ground level concentrations, emissions limit, emissions limits, ground-level concentrations, air quality, PFAS, agriculture, environmental protection, health risks, criminal offense, chemical regulation, preproduction plastic, water quality, pollution control, industrial waste, emissions
KY
Kentucky 2026 Regular Session
House Legislative Session Day 10 (1-20-26)
Kentucky House Floor Meeting
Transcript Highlights:
authorizations <00:10:05.120>by relating to regulatory authorizations by relating to regulatory- Um, and this would create that statutory framework.
- Um and statutory framework for that.
- They had to go through a long framework.
- Roll call is open for your vote. insolvenies and those regulatory issues insolvenies and those regulatory
Keywords:
Convene 00:00
Senate Message 04:27
Report of Committees 05:14
Orders of the Day 06:02
HB 184 06:16
HB 265 09:38
HJR 24 13:00
Motions, Petitions, and Communications 19:39
Introduction of New Bills and Resolutions 26:58
Recess for ConC and Rules Meeting 28:48
ConC and Rules Report 37:47
Impeachment Committee Announcement 40:50
Adjournment 41:13, 958, all
Summary:
The House convened with prayer, the Pledge of Allegiance, and a roll call showing 95 members present. Members approved the prior journal, suspended rules to allow co-sponsorships and vote modifications, and received committee reports advancing House Bill 96 on the Postsecondary Education Working Group and House Bills 34 and 214 on veterans-related benefits. The chamber then considered and passed House Bill 184, which concerns health savings account qualified insurance plans and would delay certain state cost-sharing limits until the federal IRS minimum deductible is met. The bill passed 94-0, and the motion to reconsider was tabled.
The House also passed House Bill 265, dealing with regulatory authorizations by the Commissioner of Insurance. The sponsor explained that the bill creates a statutory dissolution process for self-insured workers’ compensation pools and removes the Department of Insurance’s approval role for new pools in response to past insolvency problems. That bill passed 95-0, and the clincher was applied. The chamber then adopted House Joint Resolution 24, as amended by House Committee Substitute 1 and a title amendment, by an 87-1 vote. The resolution directs the Cabinet for Health and Family Services to withdraw a Medicaid 1115A waiver application related to mandatory community engagement requirements, with supporters saying the request is no longer needed under current federal law.
Later, the House honored Dr. Martin Luther King Jr. through House Resolution 5, which recounted his civil rights legacy and Kentucky’s civil rights history; the resolution was adopted without objection. Members also announced upcoming committee meetings, withdrew House Bill 292, and received a long list of new bill introductions covering topics including nicotine products, elections, opioid antagonists, local purchasing, vital records, inheritance tax, state parks, unemployment benefits, civic education, psychologists, the Court of Justice, citizenship requirements for elected officials, attorney privacy in criminal cases, sex crimes, and audiology. The Committee on Committees then referred and reassigned numerous bills to standing committees, named new ranking minority members, and appointed an impeachment committee. The House recessed briefly for committee meetings and then adjourned until 2 p.m. on Wednesday, January 21, 2026.
US
US Federal 2025-2026 Regular Session
Hearings to examine the nominations of Andrew Hughes, of Texas, to be Deputy Secretary, David Woll, of Virginia, to be General Counsel, both of the Department of Housing and Urban Development, Michelle Bowman, of Kansas, to be Vice Chairman for Super Apr 10th, 2025 at 09:10 am
Banking, Housing, and Urban Affairs Committee
Transcript Highlights:
- If confirmed, I will prioritize reforming and refocusing supervision, restoring regulatory tailoring,
- And the critical markets that it supports, including addressing regulatory disincentives to treasury
- The U.S. regulatory framework has grown expansively to become overly complicated and redundant, with
- We have strayed from the statutory responsibility of regulatory tailoring.
- And what I'd like to refocus our regulatory activities are on is instilling more usage of... regulatory
Keywords:
legislation, housing affordability, financial regulation, public testimony, accountability, oversight
Summary:
The meeting involved significant discussions around key legislative proposals, primarily focusing on various bills such as HB2 and SB5. The committee examined the implications of these bills on issues like housing affordability and financial regulation. Notable members engaged in debates, providing differing perspectives on the potential economic impacts of the proposed bills. The meeting witnessed public testimony, which included a call for accountability in government actions and oversight of current financial policies. Members echoed concerns about following through on commitments to address critical issues affecting everyday Americans.
TX
TX
Transcript Highlights:
- ... ...framework and procedures as water districts under Chapter 13 of the Texas Water Code, which governs
- appoint a public utility agency as a receiver for entities that have abandoned service, violated regulatory
- However, no review requirement exists for... ...for groundwater rights, creating a regulatory gap that
- House Bill 4530 strengthens the framework for the dedication and management of water rights. ...and the
- We're going to close the regulatory gap, strengthen conservation, protect regional water planning, and
Keywords:
election, bonds, authorization, financial governance, public funding, HB 143, bond election, debt authorization, November uniform election date, Texas Election Code, emergency election, voter approval, municipal bonds, local government finance, public debt, school bonds, special election, uniform election date, bond issuance, water rights
CA
California 2025-2026 Regular Session
Assembly Utilities and Energy Committee Jun 24th, 2026
Transcript Highlights:
- framework.
- Regulatory certainty informs a big portion of our credit ratings.
- I think it was a very broad authority under the 237 framework that we came up with.
- We look at large load consumers, and that's why we set out that framework.
- As written, SB 887 creates a framework... ...careful attention.
Summary:
The committee first heard SB 804, the Hydrogen Pipeline Safety Act, from Senator Arreguín. He said the bill would designate the State Fire Marshal as the safety regulator for intrastate hydrogen pipelines and require hydrogen-specific standards, while not mandating any pipeline construction or bypassing environmental review. Supporters included labor groups, utility employees, and the City of Burbank, while Air Products opposed unless amended, citing concerns about the bill’s specificity, fee structure, and the need for a hydrogen-specific rulemaking process. The committee discussed safety, fees, and regulatory certainty, and later passed SB 804 on a 9-0 vote to Emergency Management with commitment to take amendments.
The committee then took up SB 905 by Senator Becker, aimed at reducing electricity rates by changing utility incentives. The bill would tie part of executive compensation to keeping rates below inflation, require more performance metrics, and allow the CPUC to consider lower returns on equity for certain lower-risk investments and alternative financing options. Support came from consumer, environmental, agricultural, and large energy user groups, while Southern California Edison, CalChamber, PG&E, and utility labor groups raised concerns that the bill could reduce investment, create regulatory uncertainty, and raise borrowing costs. After extensive discussion about utility affordability, wildfire costs, and capital markets, the committee passed SB 905 on a 7-1 vote to Appropriations.
SB 913, also by Senator Becker, would create a clearer pathway for distributed energy resources such as batteries and smart thermostats to participate in the resource adequacy market and compete with utility-scale resources. Supporters said the bill would better use existing grid capacity, lower costs, and build on the state’s Demand Side Grid Support Program; PG&E opposed unless amended, saying the use case was not yet proven and was already being addressed in other rulemakings. After the committee accepted amendments, one opposition group moved to neutral and another said it might do so after reviewing the changes. The bill passed 8-0 to Appropriations and was placed on call.
Several other measures were heard and advanced, including SB 1196 on faster utility hookups for small energization projects such as ADUs and EV chargers, SB 931 reauthorizing the Diablo Canyon Essential Services Mitigation Fund through 2028, SB 1158 reducing the frequency of joint reliability assessments from quarterly to twice yearly, and SB 1245 directing further study of California’s gasoline market and potential use of non-CARBOB fuel during supply disruptions. SB 1196 and SB 931 both passed with broad support and no opposition after amendments, SB 1158 passed without testimony, and SB 1245 drew strong support from consumer and environmental advocates but opposition from fuel industry and business groups concerned about costs, confidentiality, and fuel standards.
HI
Hawaii 2026 Regular Session
CPN, CPN, CPN Public Hearings 02-25-2026
Transcript Highlights:
- So just so you know, the idea is to try to see and create a regulatory framework for if captives decide
- So just so you know, the idea is to try to see and create a regulatory framework for if captives decide
- So just so you know, the idea is to try to see and create a regulatory framework for if captives decide
- So just so you know, the idea is to try to see and create a regulatory framework for if captives decide
- The idea is to try to see and create a regulatory framework for if captives decide to enter and be a
Summary:
The committee first took up a short-form administrative licensing measure requested by the administration to correct and clarify renewal provisions in a prior bill. Members raised no questions, and the committee voted to adopt the proposed Senate draft and recommit the bill back to the Commerce and Consumer Protection Committee for a further public hearing.
The committee then heard SB 2876 on natural hair braiding, which would exempt natural hair braiders from licensing under certain conditions. The Board of Barbering and Cosmetology said it views hair braiding as within the broader scope of cosmetology, but agreed that people who only braid hair should not need a license because the training and exam requirements are minimal. The board warned, however, that exempting braiders could create consumer protection gaps involving sanitation, training, and enforcement, and noted that related services such as waxing, cutting, coloring, shampooing, and relaxing would still require licensure. Supporters included the Grassroot Institute of Hawaii and the Institute for Justice.
The committee also heard SB 2950 on captive insurance and SB 2951 on insurance proceeds. On SB 2950, the Insurance Division opposed the bill, saying captive insurance is designed for formal self-insurance for companies and that allowing captives to insure the public would not fit the existing regulatory framework; a fire survivor advocate supported the measure as a way to expand disaster-related insurance options. On SB 2951, which would require mortgage servicers to follow certain rules for disbursing insurance proceeds after residential damage or destruction, United Policy Holders strongly supported the bill, citing delays in releasing funds and the need to help survivors rebuild, while banking and financial industry groups submitted opposition or comments.
Finally, the committee heard SB 2952, SB 2960, and SB 2964, all related to property insurance and disaster recovery. SB 2952 and SB 2960 would extend the time policyholders have after a declared disaster to submit documentation and recover replacement cost value, with supporters arguing that rebuilding after major disasters takes far longer than standard policy deadlines allow and that the bills would improve consumer protection and transparency; the Insurance Division, the Insurance Council, and national insurance groups opposed the measures. SB 2964 would require annual disclosures of replacement cost value and coverage sufficiency; the Insurance Council opposed it as costly and unnecessary because policies already include inflation-related adjustments, while United Policy Holders and fire survivors supported it, saying many homeowners are underinsured and do not understand their coverage.
TX
Texas 89th 2nd C.S.
Licensing & Administrative Procedures Apr 15th, 2025
Licensing & Administrative Procedures
Transcript Highlights:
- regulatory environment for DNCs in Texas.
- I fully support the adoption of this bill to establish a rational statewide regulatory framework for
- This law created the framework for my business to open in the first place.
- By updating statutory language and regulatory framework, the bill seeks to ensure uniformity and accountability
- The bill also grants regulatory authorities to regulatory agencies the power to enforce penalties for