Video & Transcript : 'Securities Commission' :
Page 234 of 500
WA
Transcript Highlights:
- that the K-9 teams be scheduled around visiting and shift changes as well as areas of entry to the secure
- that the K9 teams be scheduled around visiting and shift changes as well as areas of entry to the secure
- I'm not. areas of entry to the secure perimeter of the correctional facility and there's no fiscal impact
- This amendment restores funding to the Arts Commission for statewide grant programs and prevents funding
- This amendment restores funding to the Arts Commission for statewide grant programs and prevents funding
Bills:
SB5998
Committee:
Senate Ways & Means
Keywords:
fiscal appropriations, budget, state funding, financial management, operating expenses, 904, all
WA
Washington 2025-2026 Regular Session
Senate Business, Trade & Economic Development Feb 18th, 2026 at 08:00 am
Business, Trade & Economic Development
Transcript Highlights:
- Children will lose their financial security, and communities already facing wealth disparities are pushed
- unlike credit cards, which can affect one's credit score when payments are missed, pawn loans are secured
- When payments are missed, pawn loans are secured by collateral.
- When payments are missed, pawn loans are secured by collateral.
- Oftentimes they have approvals by the State Parks Commission, Fish and Wildlife Commission, city councils
WA
Washington 2025-2026 Regular Session
Senate Business, Trade & Economic Development Feb 18th, 2026
Transcript Highlights:
- Children will lose their financial security, and communities already facing wealth disparities are pushed
- unlike credit cards, which can affect one's credit score when payments are missed, pawn loans are secured
- When payments are missed, pawn loans are secured by collateral.
- When payments are missed, pawn loans are secured by collateral.
- Oftentimes they have approvals by the State Parks Commission, Fish and Wildlife Commission, city councils
Summary:
The Senate Business, Trade, and Economic Development Committee heard public testimony on several House bills. HB 2624 would expand an existing exemption in the solicited real estate transaction law to allow public entities to solicit and buy real property for any public purpose, and also for Indian tribes and nonprofit nature conservancy organizations; the sponsor said the bill is meant to fix an omission from last year’s law, while a forest landowners group opposed it as creating a loophole for low-ball offers to vulnerable owners, and Trust for Public Land supported it as a different kind of transaction with existing appraisal and public-process protections. HB 2334 would create a cash-transaction rounding system to address the end of penny minting; staff said rounding would apply after tax and be permissive for sellers, with immunity and preemption provisions, and retailers and grocery groups supported it as a practical solution to penny scarcity, while members asked about signage and mixed-tender transactions.
The committee also heard HB 1269, which would shorten pawn loan terms from 90 to 60 days, raise interest and fee caps, increase storage fees, and allow online payments for extensions. Pawn industry witnesses and the sponsor said the changes are modest, overdue, and needed to reflect inflation and operating costs while serving unbanked customers; some senators questioned whether the combined changes would more than double costs for borrowers, and industry witnesses said they were willing to work on the numbers. HB 2428 would require insurers to send advance lapse notices for individual life insurance policies to policyholders and a designated third party, with proof of delivery, to prevent unintended lapses; the sponsor, the Insurance Commissioner’s office, life insurers, AARP, and a business group all supported the consumer protection goal, though insurers noted added compliance costs and the bill’s delayed effective date for new policies.
Finally, the committee heard HB 1078 on pet insurance, which would bar cancellation or nonrenewal based on a pet’s age or conditions that develop during the policy term and would restrict certain affiliate-policy transfers; the Insurance Commissioner’s office strongly supported it as a consumer protection measure, and staff noted a fiscal impact estimate and a new fiscal note request. The committee also took testimony on HB 2624 from both supporters and opponents, and on HB 2334 and HB 1269 from industry and public witnesses, but no votes were taken in the meeting. The chair closed public testimony and adjourned the committee after hearing all scheduled bills.
NV
Nevada 2025 Regular Session
Senate Floor Session Jun 2nd, 2025 at 12:00 pm
Nevada Senate Floor Meeting
Transcript Highlights:
- This designates members of the Legislative Commission. Any further remarks? Senator Hanson.
- The party had the right of equal representation on that commission.
- I'm very much opposed to any changes in the makeup of the Legislative Commission.
- The issue isn't so much that we have with the Legislative Commission.
- out of the superminority, we get equal representation on the Legislative Commission.
HI
Hawaii 2026 Regular Session
JHA Public Hearing - Thu Mar 19, 2026 @ 2:00 PM HST
Judiciary & Hawaiian Affairs
Transcript Highlights:
- Kristin Chang from Campaign Spending Commission. The commission, of course, supports this bill.
- </c> Spending Commission. Thank you. Great. Spending Commission. Thank you. Great.
- The commission of course uh Commission.
- Commission on Status of Women. I stand Commission on Status of Women.
- </c> the Commission to Promote Uniform Laws. the Commission to Promote Uniform Laws.
Committee:
House Judiciary & Hawaiian Affairs
Summary:
The committee heard testimony on several Senate bills. On SB 2530, relating to campaign contributions, the State Procurement Office suggested clarifying that contractor disclosure information be submitted within 30 days of a fully executed contract, while the Campaign Spending Commission supported the bill but asked that the restriction on contributions by officers be expanded beyond compensated officers. Hawaii Alliance for Progressive Action supported the measure and urged keeping the Senate language, arguing it better addresses contractor influence, while no other testifiers appeared.
On SB 2970, relating to standards of conduct, the State Ethics Commission supported the bill and proposed amendments to consolidate the new language into existing Chapter 84 contract provisions and use “department head” instead of “director.” The State Procurement Office supported the measure but recommended closing a perceived loophole by limiting the covered contracts to those under $10,000. No opposition testimony was offered.
The committee then heard SB 2919, which would fund one full-time Deputy Public Defender position focused on immigration-related advice under Padilla v. Kentucky. The Office of the Public Defender, Hawaii Coalition for Immigrants’ Rights, and the ACLU of Hawaii supported the bill, explaining that the position would help public defenders advise clients about immigration consequences of criminal cases, not provide immigration representation. Members asked several questions about the scope of the position and whether it could assist with citizenship; testimony clarified that it would not handle civil immigration matters. The bill was also described as creating a statewide consistent resource for the public defender system.
Finally, on SB 2446, relating to the judiciary, the Intermediate Court of Appeals supported adding a seventh associate judge position but noted the court has only recently been fully staffed at six judges and has improved output through internal changes. The chair emphasized that the bill authorizes the position without funding and encouraged the judiciary to return later if appropriations are needed. The committee also began hearing SB 2730, a criminal justice reform bill on warrantless arrests and citations. OHA supported reducing unnecessary arrests but objected to making citations visible on criminal records; the Department of the Attorney General opposed the bill, citing law enforcement flexibility, identification concerns, and possible litigation costs; and the Judiciary requested a later implementation date and suggested changes to citation-resolution language. The transcript ends while testimony on SB 2730 was still underway.
ND
North Dakota 2026 1st Special Session
Judiciary Committee Aug 18th, 2026 at 10:00 am
Judiciary Committee
Transcript Highlights:
- It's a minimum security facility, and so it's secure in the terms of a minimum security facility.
- not secure.
- But in terms of placement in a minimum security facility, it's secure.
- But in terms of placement in a minimum security facility, it's secure in a minimum security type location
- no security.
Committee:
Joint Judiciary Committee
ND
North Dakota 2025-2026 Regular Session
Judiciary Committee Aug 18th, 2026
Transcript Highlights:
- It's a minimum security facility, and so it's secure in the terms of a minimum security facility.
- not secure.
- But in terms of placement in a minimum security facility, it's secure.
- And I'm sure you have other secure methods... For security purposes.
- no security.
Summary:
The Judiciary interim committee met with a full quorum and approved the June 17 minutes. The main discussion centered on a detailed Department of Corrections and Rehabilitation presentation about prison population, placement authority, classification, recidivism, and the role of transitional facilities. Director Colby Braun emphasized that DOCR’s job includes incarceration, supervision, victim services, and reentry, and said the department is operating over capacity, with people waiting in county jails and deferred placements. He described current and planned bed expansions, including added beds at MRCC, a proposed 600-bed minimum-custody men’s facility, and broader campus studies, while stressing that minimum, medium, and maximum custody are different security levels and that transitional facilities are tightly controlled placements, not releases.
Committee members questioned the meaning of “release” versus “placement,” the use of terms like inmate and resident, and whether state law should be clarified to distinguish incarceration from supervision or placement in community-based settings. Braun said the parole board controls release authority, while DOCR controls placement, and explained that people who reoffend while in community placement are generally returned to prison after due process. He also reviewed data showing lower one-year recidivism in recent years, the impact of GPS monitoring, and statistics indicating that most people released never get a transitional-facility placement, while those who do generally have better outcomes. Members also discussed whether transitional facilities and work-release programs should be considered halfway houses and how much freedom and security they involve.
The committee then heard a report from the Attorney General’s office on House Bill 1193 funding for law enforcement retention bonuses and tuition assistance. The office said all funds had been distributed, 73 of 101 recipients had reported back, 1,490 officers had received bonuses, and the average bonus amounts differed by agency size. Members generally viewed the program positively. Representative Steve Vetter also presented a pretrial services report, describing constitutional and statutory limits on pretrial detention, the use of risk assessment tools, court reminders, victim-notification practices, and North Dakota’s pilot pretrial programs. He suggested possible future legislation to expand detention authority for certain serious offenses and to require the Judiciary Committee to receive updated jail-population data before sessions. Finally, Megan Gordon from Legislative Council began her annual technical corrections bill presentation, outlining a series of non-substantive Century Code fixes such as cross-reference corrections, punctuation changes, and obsolete-reference removals.
NM
New Mexico 2025 Regular Session
House - Appropriations and Finance Feb 4th, 2025
House Appropriations & Finance
Transcript Highlights:
- Chair and Joy, maybe you can explain why they don't have security. Yeah, Mr.
- My name is Raja Samantham, currently the State Chief Information Security Officer.
- Chair and analysts, on line 67, does that $65,000 for the Ethics Commission cover their security issue
- But I just wanted to make sure that that's secured. Thank you, Mr. Chair. Mr.
- Oftentimes, it's non-profit developers who secure that.
Committee:
House House Appropriations & Finance
MA
Massachusetts 2025-2026 Regular Session
Cabo Verdean Cultural Center Jun 8th, 2026
Transcript Highlights:
- Some of the commissions that we looked into was the special commission on combating anti-Semitism, the
- special commission on racial inequities and maternal health, as well as the special commission on the
- As well as the special commission on the official seal and motto of the Commonwealth.
- with the commission this summer. And Brianna Rosa on, she's currently on the call.
- So that way, we're not putting all the weight on this commission. That makes sense.
Summary:
The commission met to approve the May 11 minutes, review a legislative funding update, finalize subcommittees, and plan for an upcoming visit by President José Neves of Cabo Verde. The minutes were approved after a motion and second. The chair reported that Senator Miranda’s FY27 budget amendment was partially adopted, securing $125,000 for the commission, pending final conference committee and gubernatorial approval; the portion allowing new commissioners to be added later was not adopted, leaving one vacancy unresolved for now.
Members discussed organizing the work into subcommittees. The commission ultimately voted to create four subcommittees: Communications and Outreach, Survey and Data Collection, Organizational Development, and History and Culture. There was discussion about whether legislators should serve on the fundraising-related group, with concerns raised about ethics and a suggestion to rename it Organizational Development. Several members volunteered for multiple committees, and the chair asked members to confirm assignments within about two weeks so subcommittees could begin meeting before the next full commission meeting.
The commission also planned for President Neves’s visit on Friday, with a smaller commissioner-only meeting at 10:30 a.m. followed by a larger community gathering from 11 a.m. to noon. Members were encouraged to attend, bring guests to the public event, and help identify commissioners who could speak at the smaller meeting. In public comment, members suggested meeting with leaders of other cultural institutions to learn from their experience, discussed compiling a fuller calendar of Cape Verdean events across Massachusetts and Rhode Island, and noted that the commission’s website and public meeting materials are already available online. The meeting adjourned by motion and vote.
CO
Colorado 2026 Regular Session
Colorado House 2026 Legislative Day 098 Apr 21st, 2026
Colorado House Floor Meeting
Transcript Highlights:
- This bill ensures that security number.
- </c> we don't require a social security we don't require a social security number<00:48:47.359><c> for
- </c><00:49:12.200><c> ready</c> having our social security ready having our social security ready and
- ,</c> so the Polis Utilities Commission, so the Polis Utilities Commission, authorizes<02:14:49.880><
- ,</c> the PUC, the Polis Utility Commission, the PUC, the Polis Utility Commission, then<02:15:52.240
CA
California 2025-2026 Regular Session
Assembly Natural Resources Committee Sep 12th, 2025
Transcript Highlights:
- that was commissioned by Governor Newsom in an effort to look for ways to reduce fuel costs for consumers
- Of the California Energy Commission wrote this in the recently released report: If a lack of proactive
- I'm Sivagunda, currently serving as the vice chair at the California Energy Commission.
- And I'm really glad that we've been able to secure that continuous funding together so that it is not
- And I'm really glad that we've been able to secure that continuous funding together so that it is not
Summary:
The Assembly Natural Resources Committee heard three major bills. SB 237, by Senator Grayson, proposed a package of fuel-supply and permitting changes aimed at stabilizing gasoline prices during California’s energy transition. Supporters, including state officials, Kern County representatives, labor groups, and industry groups, said it would help retain in-state refining and drilling capacity, reduce price spikes, and protect jobs. Opponents, including environmental justice and conservation groups, argued it would expand oil drilling without enough community protections and would not meaningfully address climate goals. After extensive testimony and questions about emissions, sunsets, and long-term strategy, the committee passed SB 237 on a due pass vote, with some members voting no or not voting.
SB 352, by Senator Reyes, sought to strengthen implementation of AB 617, the community air protection program, by codifying the Environmental Justice Bureau in the Department of Justice, extending monitoring requirements, and requiring annual legislative reporting. Supporters said the bill would improve accountability and ensure that funding for impacted communities actually produces emissions reductions. Some environmental justice advocates were neutral or not fully supportive because they wanted stronger language, while business and industry groups opposed the bill, arguing it was added late and duplicated existing processes. The committee approved SB 352 on a due pass vote.
SB 840, by Senator Limon, was the cap-and-invest reauthorization package. It would update offset protocols, adjust how revenues are spent, and continue funding for key climate, housing, transit, and community programs, including AB 617. Support came from environmental groups, labor, local governments, housing advocates, and clean transportation organizations, while some agricultural interests objected that the package did not sufficiently prioritize climate-smart agriculture and methane reduction programs. The committee passed SB 840 on a due pass vote as well. All three measures were later confirmed out of committee after calls were lifted.
NH
New Hampshire 2026 Regular Session
Senate Health and Human Services (02/18/2026)
Health and Human Services
Transcript Highlights:
- commission commission um<02:06:12.639><c> and</c><02:06:13.280><c> allowing</c><02:06:13.920><c> or<
- </c> disability rights commission community. disability rights commission community.
- ,</c> support of establishing a commission, support of establishing a commission, one<02:15:30.000><c
- </c> efforts between the uh the commission efforts between the uh the commission that<02:37:06.160><c
- </c> healthcare quality commission. healthcare quality commission. >> Yep. >> Yep.
Committee:
Senate Health and Human Services
MN
Minnesota 2025-2026 Regular Session
Press Conference: Republican Members Propose New Legislation Addressing Fraud - 02/19/26
Transcript Highlights:
- 16:10.880><c> keep</c><00:16:11.680><c> uh</c> ...retrieving data, and helping to keep our system secure
- I've also been blessed to be a member of the Legislative Audit Commission, also the chair and the vice
- chair of that commission.
- audit commission, also the chair<00:20:44.640><c> and</c><00:20:44.799><c> the</c><00:20:44.880><c>
- The eyes and ears of the commission.
Summary:
Senate Republican leaders held a press event to roll out a package of anti-fraud proposals focused on state welfare and human services programs. Mark Johnson opened by citing recent fraud scandals, including a shuttered housing program and reports of vulnerable adults being left without care while providers billed for full services, and said Republicans want top-down reform, stronger accountability, new technology, and tighter oversight of taxpayer dollars. Michael Kreun said Republicans support an independent Office of Inspector General and argued the Senate-passed bill should not be weakened in the House; he also said the Senate should restore its role in confirming agency commissioners, especially at DHS, which he described as central to the fraud problem.
Jordan Rasmusson outlined a plan to stop “blank checks” for DHS and DCYF services by requiring legislative audit review when a program exceeds budget by 5 percent and legislative approval for additional spending at 10 percent over budget. He also said DHS should adopt basic integrity tools such as electronic visit verification and client sign-off. Steve Drazkowski described two bills: a statewide “do-not-pay” list to block payments to ineligible people or entities, and an “I’m Not a Robot” proposal for Medicaid managed care that would require enrollee verification forms, with a 2 percent payment withhold used to encourage compliance and potentially fund county system upgrades. Mark Krueger said the state should improve technology and data use for eligibility determinations, citing other states’ rapid fraud-fighting systems, and proposed penalties for false reporting to the Legislative Auditor after a DHS audit found falsified site-visit records.
Steve Gruenhagen said his bill would require DHS and DCYF to resume annual fraud-prevention and oversight reports to the legislature, which he said had stopped after 2017 despite rising fraud cases. Michael Holmstrom proposed unannounced site visits for all DHS and DCYF providers before enrollment, reenrollment, and revalidation, funded through provider service fees, and cited a recent case involving a woman with autism who was billed for far more care than she received. In the Q&A, Kreun said House Democrats’ delete-everything amendment to the inspector general bill removed the law enforcement division and stripped the bill of its “teeth,” and he suggested the governor’s office may have been involved in efforts to replace the bill with a weaker coordination council model. No votes were taken in the press conference.
HI
Transcript Highlights:
- The State of Hawaii Department of Defense enables a safe, secure, and thriving nation and state.
- The State of Hawaii Department of Defense enables a safe, secure, and thriving nation and state.
- We started constituting the commission again, and I apologize because the applicant should have been
- </c> constituting the the um the commission constituting the the um the commission again<00:35:42.440
- </c> member to the board to the commission member to the board to the commission and<00:40:24.800><c>
Committee:
Senate Public Safety and Military Affairs
Summary:
The committees heard advice-and-consent testimony on several gubernatorial nominations, beginning with GM 644 for Steven Logan to serve as Adjutant General of the Department of Defense through December 7, 2026. Testimony from multiple state officials and others was strongly supportive, citing Logan’s military leadership, service during the COVID-19 period, and coordination during the fireworks-related patient transfer. Logan described his 44 years of military service, 22 years with the Honolulu Police Department, and his approach of “unity of effort,” including how he would help operationalize the Office of the State Fire Marshal by coordinating with county fire chiefs, the State Fire Council, and emergency management to pursue funding and implement recommendations.
The committee then took up GM 621 and GM 623 for the Correctional Industries Advisory Committee. Shante Asuda of Hawaii Correctional Industries supported both nominees and said the board is important for evaluating private-sector joint ventures that can provide work skills for incarcerated people. Carla Kashiwa said she wanted to help improve outcomes through public-private partnerships and vocational rehabilitation opportunities for people reentering society. Lee Shinato, however, gave a less prepared presentation, offering broad ideas such as crafts, lunch wagons, and ukulele-making, and acknowledged he was not fully clear on the board’s scope or goals. Committee members expressed concern about the lack of preparation and clarity around the board’s mission, and the administrator later explained that the board’s role is to review business plans for viability, return on investment, sustainability, and whether they provide marketable skills for inmates.
The final item discussed was GM 568 for Aris Banag to serve on the Advisory Board of Veteran Services. Supporters described him as community-minded and deeply committed to veterans. Banag said he has over 30 years of service, has worked as a mental health therapist and veterans resource coordinator at the University of Hawaiʻi Maui College, and helped create the first veteran service center there. In response to questions about federal VA cutbacks and veterans nearing retirement, he said the board must be a strong independent voice for veterans, advocate against reductions in benefits, and help service members plan for post-military life, including disability benefits, retirement, and financial planning. No votes or final committee actions were stated in the portion provided.
FL
Transcript Highlights:
- Chair Gillamardo here, we're at an undisclosed location with a Florida gaming commission.
- I'm just going to say the gaming commission. We should get out of this damn thing.
- So what this bill does, what preserving this exemption allows is that if the Public Service Commission
- Housing stability is fundamental to employment, education, and family security.
- Because they're going to need to get commissioned appraisals under your bill. Representative Nix.
Summary:
The House convened with a prayer, pledge, quorum call, and recognition of Officer Cody Popple of the FSU Police Department for his actions during the April campus shooting. Members also observed a moment of silence for former Lee County Judge John Carlin. The Rules and Ethics Committee report setting the special order calendar was adopted, and the Speaker outlined the final week of session, noting that budget negotiations were still ongoing and that the House would continue taking up Senate bills and returning messages.
The chamber then considered a series of mostly technical or sunset-review bills, including SB 100, SB 104, and SB 102 on the Florida Statutes, all of which passed unanimously. Several Open Government Sunset Review bills were also approved, extending or preserving public records and meeting exemptions for the Public Service Commission, the Department of Military Affairs, the Department of Highway Safety and Motor Vehicles, cybersecurity records, emergency shelter information, conviction integrity units, the Florida Gaming Control Commission, and school testing materials; most passed with little opposition, though SB 7006, SB 7026, and SB 7022 drew some dissenting votes. The House also passed SB 7016 on small business loan records, SB 7008 on gaming commission records, SB 7000 on emergency shelter information, and SB 7004 on conviction integrity unit records.
Members then moved into farewell remarks and recognitions, including an extended farewell speech by Representative Hart-Lowman reflecting on her service, family, district, and policy priorities such as criminal justice, housing, health care, and labor issues. The House also recognized visiting students from Osceola County and other guests in the galleries.
Later, the House took up more substantive measures. SB 7040 recreated the emergency preparedness and response trust fund; after a lengthy debate over an amendment to let the fund expire and a strike-all restoring the House position, the bill passed 82-25. The chamber then passed CS/CS/SB 302 on coastal resiliency, CS/CS/SB 984 on firefighter cancer benefits, and CS/SB 474 on military affairs, all with broad support. The final portion of the transcript shifted to SB 488 on Department of Highway Safety and Motor Vehicles, where members debated vehicle registration requirements, license plate frames, and related amendments, including provisions for disabled veterans and dealer allocation rules, before the transcript ended mid-debate.
MN
Transcript Highlights:
- And then there are these other, you know, security enhancement, identity authentication.
- And this would establish a new coordinating commission.
- Representative Nash: commission would be for the inspector commission would be for the inspector general
- </c> coordinating commission would work on. coordinating commission would work on.
- The way commission of human services.
Committee:
House Ways and Means
CA
California 2025-2026 Regular Session
Senate Floor Session Jun 1st, 2026
California Senate Floor Meeting
Transcript Highlights:
- If you look at the statistics that were provided to us, overall, the commission has a grant rate of roughly
- The commission has a grant rate of roughly 30 percent between the number of grants of parole and the
- This is the actual transcript from the commission hearing. Commissioner: Mr.
- This is the actual transcript from the commission hearing. Commissioner, the parole commissioner.
- Of Roberto Detronand, an offender that this commission...
OK
Oklahoma 2026 Regular Session
Joint Committee on Appropriations and Budget Apr 6th, 2026
Joint Committee on Appropriations and Budget
Transcript Highlights:
- 30-year-old asset, sell it, use the proceeds of that sale, partnering with the Oklahoma Banking Commission
- , thank you, Turner, partnering with the Oklahoma Banking Commission and essentially buying a more modern
- Does school security funding run out coming up this coming year? Could you explain it?
- Does this budget have school security funding in it? And if so, can you explain that? Yes, sir.
- I think, from my understanding, that $12.5 million is going to the Tax Commission.
Bills:
SB1177
Summary:
The Joint Appropriations and Budget Committee took up Senate Bill 1177, the main budget bill, and first adopted the committee substitute as the working version. Chairman Caldwell presented the bill as the measure funding state government and answered a series of questions about major budget items, including CareerTech funding, child care, school security, teacher pay raises, the state plane purchase, Medicaid, mental health, veterans’ homes, and higher education projects. He said CareerTech received increased funding, child care funding was increased by roughly $12 million over last year, school security funding was continued at $50 million, and teacher pay raises were included through a mechanism that would raise the state minimum by $2,000. He also explained the $3 million state plane item as a restructuring of state aviation assets, and said the budget did not cut law enforcement funding tied to 287(g) agreements.
NH
New Hampshire 2025 Regular Session
House Finance Division I (02/24/2025)
Transcript Highlights:
- Commission on Aging is two people here. Commission on Aging is 46. It's on page 107 and...
- We need a commission on youth. No.
- Moving on to how the commission is staffed: I am the one full-time employee of the commission.
- The full commission meets monthly, as do three commission task forces and two commission subcommittees
- commission members.
Summary:
The committee first heard the Banking Department’s fiscal year 2026-2027 budget presentation from Commissioner Amelia Galeri. She described the department as a self-funded consumer protection regulator overseeing two main areas: the Banking Trust Division, which supervises state-chartered banks, credit unions, and trust companies, and the Consumer Credit Division, which oversees more than 7,000 licensees including mortgage and money transmitter businesses. She said the department’s budget is about 86% salaries and benefits, with 53 positions all filled, and explained that the agency funds itself through fees, fines, and end-of-year assessments on regulated entities.
Galeri said the department is facing workload growth from several directions: continued growth in the trust industry, increased fintech supervision, and a new requirement to regularly examine auto dealers that take finance applications, which adds about 300 exams over two fiscal years. She said the department was directed to flat-fund its budget based on 2025 levels but was allowed to increase travel and training. To stay within that limit, she said the department reduced office space, went paperless, converted administrative and licensing positions into examiner positions, and expects to defund an embedded DOJ database administrator position once a new SharePoint system is fully implemented.
Members asked about how the department’s revenue and assessments work, including whether fees were increasing and how much existing banks would pay. Galeri said fees are not being raised, most banks pay little or no fines, and assessments are based largely on asset size, with trust companies paying the bulk. She also explained that fines are set by statute, generally capped at $2,500 per violation for consumer credit entities, and said she would not recommend increasing that cap. The committee then voted to accept the Banking Department’s budget proposal as presented in HQ1, with a motion and second and no discussion.
The transcript then moved to the Department of Energy budget. Commissioner Jared Chakin and Chief of Operations Lenny Radio discussed federal program funding, including LIHEAP fuel assistance and weatherization. They said the apparent drop in fuel assistance funding from FY 2024 actuals to the budgeted amount is due to the loss of ARPA and CARES Act supplemental funds, while weatherization remains a federally constrained program with a waiting list and limited flexibility. Members also asked about a proposed transfer from the renewable energy fund; staff said the transfer would still allow the department to carry out its statutory duties for the year, though the committee deferred deeper discussion until House Bill 2.
NH
New Hampshire 2025 Regular Session
Senate Executive Departments and Administration (03/19/2025)
Executive Departments and Administration
Transcript Highlights:
- </c> specific committees or commissions specific committees or commissions formed<00:27:36.440><c> and
- </c> Standalone committees and commissions Standalone committees and commissions but<00:27:47.200><c>
- </c> Canada and while we have already secured Canada and while we have already secured funding<01:21:
- </c><02:44:43.800><c> and</c> Commissioner of Employment Security and Commissioner of Employment Security
- </c> lay off and trust me Employment Security lay off and trust me Employment Security checks<02:44:55.439