Video & Transcript Research : 'directed trust'
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NH
New Hampshire 2025 Regular Session
Finance Budget Briefing (06/10/2025)
Transcript Highlights:
- In total revenues, you can trust fund of what the house had trust fund of what the house had proposed
- So in total for 25 just to trust fund.
- <00:22:02.480>
fund in the general and education trust fund in the general and education trust - trust fund share. um no change education trust fund share. um no change to<00:25:47.919>
the < - <01:20:50.640>
Um harder to direct those funds. Um harder to direct those funds.
Summary:
The presentation was an LBA overview of Senate changes to the House-passed state budget, with Michael Kane explaining how Senate Finance updated revenue and spending estimates after April revenue figures and agency discussions. He said the Senate’s revenue outlook was higher than the House’s in some areas, but lower in others, especially video lottery terminal revenue, and that the biggest differences also came from changes to revenue splits between the general fund and education trust fund, lapse estimates, and several policy changes in House Bill 1 and House Bill 2.
Kane highlighted several major revenue and policy differences: the Senate changed the business tax, tobacco tax, and real estate transfer tax splits; adjusted liquor revenue dedication; removed the House’s meals-and-rooms distribution cap; delayed the Lakes Region facility proceeds plan; altered the PECARD fund treatment; added a granite patron of the arts tax credit; and changed the treatment of unique funds and video lottery terminal revenue. On spending, he noted Senate changes to judicial, corrections, HHS, human rights commission, and other budgets, including additional settlement costs, higher lapse assumptions, and a different approach to Medicaid premium revenue and retirement savings. He also described Senate additions such as a nursing home bed fee, Hampstead Hospital transition funding, and changes to the YDC claims settlement fund.
The presentation focused on comparing House and Senate surplus statements across fiscal years 2025 through 2027, including projected ending balances and rainy day fund transfers. Kane repeatedly emphasized that the numbers were still dependent on final revenues and lapse amounts, and that some balances would be carried forward and trued up later in the biennium. No committee vote or final action was described in the excerpt; it was an informational budget briefing and comparison of the two chambers’ proposals.
WA
Washington 2025-2026 Regular Session
Senate Agriculture & Natural Resources Dec 4th, 2025
Transcript Highlights:
- I gave direction to our staff at the start of that process.
- to generate new revenue on trust lands through basically monetizing those ecosystem services.
- So yeah, talking about the trust land transfer, I know we presented a bill to make the trust land transfer
- So yeah, talking about the trust land transfer, I know we presented a bill to make the trust land transfer
- It's some direction to staff, operational direction.
Summary:
The Senate Agriculture and Natural Resources Committee held a work session with an update from the Department of Natural Resources (DNR). Commissioner Dave Upthe Grove outlined DNR’s size and scope, previewed agency-request legislation, and emphasized budget priorities. He said DNR will seek authority to sell ecosystem service credits, better use underutilized water rights with tribal consultation, add a tribal representative to the State Board of Natural Resources, make minor timber-sales efficiencies, and include wildland firefighters in the LEOFF pension system. He also urged restoration of wildfire prevention and preparedness funding, warning that reduced funding would mean fewer firefighters, less forest health work, and less support for rural fire districts. He noted DNR’s wildfire suppression costs are rising and argued prevention spending can reduce larger, more expensive fires.
State Forester George Geisler followed with a detailed wildfire season review. He said Washington now responds to fires year-round and also assists other states, including Texas. He described DNR’s use of 31 aircraft, 691 firefighters, and corrections-based crews, and said the agency’s success rate for keeping fires under 10 acres improved slightly from 93.7% to 94.1%. He highlighted increased arson activity, especially around Spokane, and described the Crescent Road Fire as an example of early detection, rapid response, and the use of bulldozers, aircraft, and hand crews to contain a fire to 182 acres with no structure losses. Senator Saldan praised the emphasis on prevention and the use of bulldozers as cost-effective tools.
Assistant deputy supervisor Dwayne Emmons then reviewed the trust land transfer program, which was codified in statute in 2023 after being funded through the capital budget for decades. He said more than 130,000 acres of underperforming trust land have been transferred since the 1990s to other public or tribal entities for more appropriate use, while DNR acquires replacement lands to keep the trust whole. He described the current application and ranking process, including tribal input, and said DNR is requesting funding for remaining parcels from the last round, including portions of Tract C, Babcock Bench, and Middle Fork Snoqualmie. In questions, Senator Wagoner raised concerns about DNR’s decision to remove some acres from timber harvest rotation and its impact on local revenue and mills; the commissioner responded that current five-year harvest plans provide short-term stability and that any changes would be explored through the Board of Natural Resources process, not through immediate reductions in supply.
The committee then received a history briefing from staff member Jeff Olson on the Washington Fish and Wildlife Commission and agency structure. He traced the evolution from early fish and game commissioners to the current commission-appointed director model adopted by voter-approved Referendum 45 in 1995. Olson explained the commission’s statutory duties, membership requirements, and how Washington compares with other states. Chair Chapman said he had no plans to hear a bill this session changing the commission’s makeup, but he expressed personal interest in exploring reforms, accountability, and possibly a future broader coalition or referendum process. No votes were taken; the meeting was informational only, and the chair adjourned the session with holiday and New Year’s wishes.
MN
Minnesota 2025 1st Special Session
Committee on Jobs and Economic Development - 02/12/25
Jobs and Economic Development
Transcript Highlights:
- <00:04:18.519>
fund through both sides of the UI trust fund through both sides of the UI trust - And then the UI trust fund is the deposit mechanism that is held in trust by the U.S. Treasury.
- They trust your organization.
- They trust your organization.
- We will now go to Senate File 1079. because trust is number one they trust because trust is number one
CA
California 2025-2026 Regular Session
Assembly Budget Subcommittee No. 6 on Public Safety Apr 13th, 2026
Transcript Highlights:
- It's just that trust is not there.
- But let's not talk about the trust.
- trust that trust chairman before about or the distrust but let's not talk about the trust the trust
- And of course, thank you to the trust.
- This program is gaining trust.
Summary:
The hearing focused on the Missing and Murdered Indigenous People (MMIP) grant program under the Board of State and Community Corrections and related Department of Justice efforts. BSCC reported that it now administers 36 MMIP grants across three cohorts, with awards ranging from $436,000 to $1 million, plus five collaborative grants at $2 million each, totaling $35.4 million awarded to federally recognized tribes. Testimony from tribal leaders and grantees described how the funding supports prevention, family advocacy, domestic violence services, law enforcement coordination, youth programming, culturally grounded healing, and new tribal public safety positions such as investigators, social workers, and drone operators. Speakers repeatedly emphasized that the crisis is longstanding, tied to generational trauma, and that the grant has helped build trust and infrastructure in tribal communities.
Several witnesses and committee members urged continued and preferably ongoing funding, noting that demand now exceeds available one-time money. BSCC and tribal representatives described outreach efforts that increased participation from four applicants in cohort one to 20 in cohort two and more applicants than funding in cohort three. Tribes also raised implementation concerns, especially the burden of quarterly narrative reporting, limited staff capacity, and the need for flexible administration. BSCC said it uses steering committees, separate small- and large-project categories, orientations, monitoring visits, and technical assistance to support grantees. Tribal leaders and advocates stressed that the program should remain accessible without requiring a waiver of tribal sovereignty.
The second major topic was DOJ’s update on AB 3099, the Tribal Assistance Program, and the tribal police pilot under AB 134. DOJ officials said the Office of Native American Affairs and the Division of Law Enforcement have been conducting outreach, trainings, listening sessions, and coordination with tribal, local, state, and federal partners to address Public Law 280 jurisdictional issues, improve reporting and data, and support Feather Alert and MMIP-related resources. DOJ said the AB 3099 report is in internal review and that the tribal police pilot is moving forward with the Yurok Tribe as a participant, with a July 1, 2026 start date. DOJ and tribal witnesses said the pilot’s main barriers are cost and, for some tribes, the waiver of sovereign immunity. No votes were taken, and the hearing ended with broad support for expanding and sustaining MMIP-related funding and infrastructure.
US
US Federal 2025-2026 Regular Session
Hearings to examine the nomination of Tulsi Gabbard, of Hawaii, to be Director of National Intelligence; to be immediately followed by a closed hearing in SH-219. Jan 30th, 2025 at 09:00 am
Intelligence (Select) Committee
Transcript Highlights:
- It's all predicated on trust. Trust that our allies will protect each other's secrets.
- I'll work to rebuild trust through transparency and accountability.
- Now, you mentioned a lot about trust.
- earn the trust of the American people.
- trusted them, now their lives were at risk.
MA
Massachusetts 2025-2026 Regular Session
Joint Committee on Children, Families and Persons with Disabilities Jun 21st, 2026 at 01:00 pm
Joint Committee on Children, Families and Persons with Disabilities
Transcript Highlights:
- Adults in positions of authority or trust, sometimes teachers or youth-serving employees, can engage
- First, it's a requirement of direct care jobs.
- Over time, he isolated me from friends, trusted adults, and even my own family.
- person's sense of safety, their agency, and their trust.
- Get foster youth the tools and the trust to build their own future, and they will.
Summary:
The committee hearing covered a wide range of child welfare, family support, and human services bills. Testimony strongly supported a guaranteed cash stipend for young adults aging out of foster care (S.161), with the Attorney General’s Office, youth advocates, and foster care providers describing high rates of homelessness and poverty after exit from care. Providers also urged action on a resolve to study the foster care liability insurance crisis (H.197/S.1280), saying premiums and coverage losses are forcing program cutbacks and could reduce foster care capacity statewide. Another major topic was a direct care worker medication administration program registry (H.237/S.162), which supporters said would help recruit and train workers, especially bilingual staff, to address workforce shortages in human services.
Several bills focused on child protection and child welfare system practices. Supporters of H.267/S.145 called for advance notice to children’s attorneys when placements or other major events change, arguing that timely communication is essential to prevent unnecessary disruption and improve advocacy. Testimony also backed legislation to formally recognize and strengthen children’s advocacy centers and the Massachusetts Children’s Alliance (H.233/S.112), with prosecutors and CAC leaders describing the trauma-informed model as a longstanding, effective response to child abuse and trafficking. A bill to establish a Massachusetts children’s cabinet (S.115) drew support from advocates who said cross-agency coordination is needed to align policy and funding for children’s well-being.
The committee also heard testimony on bills addressing safety, equity, and family support. Senator Lovely and survivors supported S.152, which would create a civil cause of action for sexual abuse by adults in positions of authority or trust, with witnesses describing grooming and power imbalances in schools and youth-serving settings. H.274, a bill of rights for people experiencing homelessness, was supported by advocates who said it would add anti-discrimination protections and voting and privacy rights amid rising criminalization of homelessness. H.272/S.171 to protect maternal health received support from Rep. Montaño, MLRI, and a physician, who said the bills would make cash assistance available earlier in pregnancy and remove the medical-verification barrier. H.4216 on equitable hair care for children in state custody was supported by social workers and advocates who said hair care is tied to identity, dignity, and mental health. H.255 on empowering early educators drew testimony about barriers faced by renters and condo owners trying to open home-based child care programs. H.217, concerning resources and support for pregnant and parenting families, drew testimony from anti-abortion pregnancy resource center advocates. No votes were taken during the hearing, and several bills had no one signed up to testify or were deferred when witnesses were unavailable.
NH
New Hampshire 2026 Regular Session
Commission to Study Stable Tokens (03/10/2026)
Transcript Highlights:
- , I flagged one with respect to trusts, I flagged one with respect to trusts, but<00:14:47.680>
<00:56:42.319>Um trust as an OC chartered trust bank. - Um trust as an OC chartered trust bank.
- >
algorithm <01:20:33.920>to protocol or trust this algorithm to protocol or trust this - <01:44:29.040>
Um heads that direction anyways. Um heads that direction anyways.
Summary:
The meeting began with roll call and introductions of commission members and guests, followed by approval of the agenda and a motion to approve the February 10 minutes with a correction clarifying that one quoted statement was misattributed. The commission then moved into presentations.
The main presentation came from the Conference of State Bank Supervisors on implementation of the federal GENIUS Act for stablecoins. The speaker reviewed the OCC’s recent 367-page proposed rule, noting it raises many open questions and design choices for states, and discussed expected upcoming rulemaking from the FDIC, Federal Reserve, and Treasury. The presentation focused on six areas: permissible issuer activities, reserve assets and redemption, risk management and supervision, treatment of state-qualified issuers, capital/operational backstops, and foreign issuers. It also flagged unresolved issues around Bank Secrecy Act/AML requirements and the meaning of “digital asset service provider” activities.
A substantial portion of the discussion addressed yield restrictions, with the presenter explaining the OCC’s broad definition of yield and its rebuttable presumption against issuer-affiliated or related third-party yield arrangements. The speaker said this likely forecloses many existing white-label structures but leaves some room for third-party payments depending on distance from the issuer, and noted ongoing Senate debate over similar provisions. The presentation also covered reserve valuation, liquidity and diversification requirements, redemption timing, and supervisory expectations such as third-party oversight, IT security, exam cycles, and reporting. No additional votes or formal actions were taken beyond approving the amended minutes.
US
US Federal 2025-2026 Regular Session
US House Floor Proceedings (Tuesday, March 3, 2026)
US Federal House Floor Meeting
Transcript Highlights:
- direct violent overthrow of enslavement. direct violent overthrow of enslavement.
- capital to projects on trust land. capital to projects on trust land.
- The same act directed the Secretary of The same act directed the Secretary of Energy<03:44:25.280>
- It would also direct the Landmark.
- way weaken the federal trust way weaken the federal trust responsibility.<04:41:00.720>
It
WY
Wyoming 2026 Regular Session
Joint Travel, Recreation, Wildlife & Cultural Resources, May 27, 2026 - AM
Travel, Recreation, Wildlife & Cultural Resources
Transcript Highlights:
- ,<00:12:43.800>
county, <00:12:44.280>city, trust fund account, um, county, city, trust - >
the <00:47:15.040>funds The commission directs where the funds The commission directs - direction in mind. direction in mind.
- They're statutory trust funds.
- They're statutory trust funds. They're statutory trust funds.
NM
New Mexico 2025 Regular Session
IC - Legislative Finance Oct 15th, 2025
Transcript Highlights:
- We'll go to the New Mexico housing trust fund framework.
- One of them is the Water Trust Board.
- And then the Water Trust Board still interests me.
- The Water Trust Board has several expired members.
- You've led them in the right direction.
NM
New Mexico 2025 Regular Session
IC - Legislative Education Study Sep 4th, 2025
Transcript Highlights:
- For instance, in FY20, no direct appropriation was made to the Act.
- So we're seeing inflation going in the wrong direction.
- So inflation is heading in the wrong direction.
- fund or the behavioral health or Medicaid trust funds.
- a couple hundred million in the Water Trust.
FL
Florida 2025 Regular Session
January 15, 2025 - 03:30 PM
Transcript Highlights:
- And the first directive there is to the property appraisers.
- So with regard to my comment, directed to Dr.
- My question is directed to Commissioner Joroski.
- So with regard to my comment, directed to Dr.
- My question is directed to Commissioner Joroski.
Summary:
The State Administration Budget Subcommittee met for an introductory overview of the agencies under its jurisdiction and their current-year budgets. Chair Vicki Lopez welcomed members and staff, and each member briefly introduced themselves and identified areas of interest, with recurring themes including fiscal restraint, insurance regulation, revenue administration, condominium issues, and government efficiency. The chair then outlined the subcommittee’s overall budget, about $3.1 billion, and noted major recent policy areas affecting the budget such as condominium legislation and emergency communications funding.
Agency heads then presented high-level summaries of their missions and budgets. The Department of Revenue described property tax oversight, tax administration, and child support enforcement; the Department of Management Services reviewed state purchasing, telecommunications, fleet, state insurance, retirement, and digital services; DBPR highlighted licensing, enforcement, condominiums, and building code work; DFS covered insurance consumer services, risk management, unclaimed property, fire marshal functions, and criminal investigations; the Gaming Control Commission discussed pari-mutuel and tribal gaming oversight and enforcement; OIR explained insurer solvency and rate review; the Lottery emphasized education funding and record sales; OFR described regulation of banking, securities, lending, and money services; DOAH outlined administrative and workers’ compensation adjudication; PSC covered utility rate regulation and consumer complaints; PERC described labor relations and career service appeals; and FCHR summarized discrimination complaint investigations and outreach.
Several members asked questions about utility returns, insurance regulation staffing, DMS’s state employee health plan deficit and prescription drug formulary management, agency recommendations for reducing regulatory burden, and state facilities usage. Responses generally emphasized that utility rates and insurer filings are determined through evidentiary and actuarial processes, that OIR has reduced vacancies but still seeks specialized staff and a Tampa office expansion, and that DMS acknowledged rising health plan costs and said the issue likely requires broader budget-level discussion. The chair also pressed multiple presenters to stay focused on agency operations and budgets rather than broader policy issues. No votes or formal actions were taken in the meeting.
ND
North Dakota 2025-2026 Regular Session
Water Topics Overview Committee Mar 26th, 2026
Transcript Highlights:
- Fund, $414 million in the Resources Trust Fund.
- And a note on discretionary: you had directed us in our budget bill to fund our legislative-directed
- Lastly, you had directed us to send $40 million in cash from the Resources Trust Fund to repay the Water
- There hasn't been direct cash infusions.
- There hasn't been direct cash infusions.
Summary:
The Water Topics Overview Committee met with a quorum and received updates from the Department of Water Resources and the State Water Commission, followed by presentations from Deloitte on two legislative studies required by House Bill 1020. Director Reese Haas reviewed major project and budget updates, including the Northwest Area Water Supply and Southwest Pipeline projects, Resources Trust Fund balances, carryover spending, project prioritization, bid conditions, regional water system coverage, and department process improvements. Members also discussed how the commission prioritizes projects, maintenance expectations, and the impact of limited municipal water supply funding. No formal committee action was taken during the DWR update; the commission’s municipal funding decisions were described as pending its April 8 meeting.
Deloitte then presented the cost-share policy study, which found that under current policy and forecasted revenues, North Dakota faces an estimated $1.3 billion shortfall over 14 years, with a near-term gap of about $1.8 billion through 2031. The firm outlined seven recommended options, including tighter definitions and a 25% cost share for eligible replacement projects, caps and financing strategies for the Mouse River and Red River Valley projects, aligning cost share with commission priority guidance, delaying lower-priority projects, using available lines of credit, and adjusting reimbursement timing for revolving loan funds. Committee members questioned inflation assumptions, affordability, user fees, and the use of legacy fund earnings for bonding, but no decisions were made.
In the governance and finance study, Deloitte said final recommendations are still being refined, with a final report due May 29. The study examined the Southwest Pipeline, NAWS, and Red River Valley systems using governance and finance criteria such as decision authority, transparency, affordability, risk, and access to funding. For Southwest, Deloitte outlined options ranging from improved state-authority coordination to transferring ownership to the Southwest Water Authority; for NAWS, options focused on strengthening the authority’s role and potentially transitioning operations and maintenance; and for Red River, options ranged from enhanced facilitation to formal state oversight or state ownership. Members asked follow-up questions about ownership transfer, capital repayment streams, and why NAWS was not considered for transfer, and Deloitte said NAWS’s limited organizational maturity made that option less viable in the near term.
NH
New Hampshire 2026 Regular Session
House Commerce and Consumer Affairs (02/04/2026)
Commerce and Consumer Affairs
FL
Florida 2026 5th Special Session
FL House Floor Session - 2025-04-09 (1:00PM Session)
Florida House Floor Meeting
Transcript Highlights:
- Fund and $67.5 million to the State Housing Trust Fund in... ...the State Housing Trust Fund in fiscal
- The base floor of our trust fund? Representative Schofe: Can you clarify which specific trust fund?
- Can you clarify which specific trust fund and amounts you're talking about?
- So then it does not touch the Sadowski housing trust fund floor at all.
- It directs the Department of Children and Families to adopt rules.
Summary:
The House convened with prayer, the pledge, quorum call, and several recognitions, including guests for Education and Sharing Day, law enforcement officer of the day Detective Miata Anderson, and later FAMU Day at the Capitol and other visiting groups. The chamber adopted the special order report and then moved through a series of budget-related bills and conforming measures, with debate focused largely on recurring funding, environmental programs, housing, insurance reserves, and tax policy.
Members approved HB 5011/SB 2506, which conform environmental resource funding to the proposed budget by shifting Seminole Gaming Compact-related dollars from recurring to nonrecurring funding; supporters said this preserves annual legislative review, while opponents warned it would reduce funding for the Resilient Florida program, wildlife corridor protection, invasive species removal, and other conservation efforts. The House then passed HB 5013, reducing state-funded property reinsurance reserves by lowering the RAP program and repealing FORA funding, and HB 5501, which redirects documentary stamp tax revenues from housing and transportation trust funds to general revenue; Democrats argued the housing changes would reduce affordable housing support, while Republicans said the move was needed to control recurring spending. The chamber also passed HB 5015 on state group insurance, HB 5201 on Florida PALM accounting conforming changes, HB 5203 on Capitol Center tenancy and utilities control, and HB 5009 creating a Florida Accountability Office and revising audit and budgeting functions.
The most extended debate came on HB 7031, which permanently reduces the state sales tax rate from 6% to 5.25% and also lowers several related tax rates. Supporters described it as broad-based, immediate tax relief for Floridians, while opponents said property tax relief would be more targeted and that sales tax cuts also benefit tourists and out-of-state visitors. The bill passed 112-0. The House then took up the main budget bill, HB 501, and subcommittee chairs outlined the proposed $112.9 billion budget, including education, health care, transportation, agriculture and natural resources, higher education, state administration, justice, and IT spending. Members began questioning the pre-K-12 budget on school funding, vouchers, proration, mental health and safety allocations, and inflation, with the discussion continuing beyond the excerpt provided.
MN
Minnesota 2025-2026 Regular Session
No entering into certain civil immigration enforcement agreements with the feds 3/3/26
Minnesota House Floor Meeting
Transcript Highlights:
- trust in recent months. trust in recent months.
- trust as well. trust as well.
- Public safety depends on trust, and that trust depends on clearly defined institutional boundaries.
- It may be directed to the directed to.
- Trust is a two-way street. Trust is a two-way street.
WY
Wyoming 2026 Regular Session
Senate Travel, Recreation, Wildlife & Cultural Resources Committee, February 17, 2026 - PM
Travel, Recreation, Wildlife & Cultural Resources
Transcript Highlights:
- So trust like it's about $21,000 a year.
- testimony on this agricultural trust testimony on this agricultural trust idea.<00:27:06.080>
- fund um an inviot for a perpetual trust fund um an inviot perpetual<00:36:33.200>
trust <00:36 - We think that the perpetual trust fund.
- <00:48:44.480>
Um, testify on the on the egg trust? Um, testify on the on the egg trust?
Keywords:
landowner licenses, hunting, wildlife management, quota hunt areas, game and fish commission, game management, hunting regulations, black bear, tracking dogs, wildlife conservation, conservation, contracting, supervisor, funding, districts, hunting licenses, donated licenses, life-threatening illness, vision impairment, nonprofit organizations
HI
Hawaii 2026 Regular Session
House Chamber - Fri Jan 30, 2026, 12:00PM HST - Day 6
Hawaii House Floor Meeting
Transcript Highlights:
- <01:05:41.680>
Those and delay to erode public trust? - Those and delay to erode public trust?
- >
is <01:06:12.720>not Madam Speaker, public trust is not Madam Speaker, public trust is - Public trust has been broken, and we need a pathway forward.
- Public trust be suspected of the same.
FL
Florida 2026 4th Special Session
January 21, 2026 - 10:00 AM
Transcript Highlights:
- And this looks like we have a direct path of action. So happy to be supportive.
- But this is definitely a step in the right direction.
- But this is definitely 202 a step in the right direction.
- I'm sorry, Representative, about as direct as the debate. >> Thank you very much, Mr.
- trying to push me into an irrevocable trust item. >> I don't know.
Summary:
The committee met with a quorum and heard several insurance and banking bills. HB 1399, relating to property insurance affiliates, would increase Office of Insurance Regulation oversight of transactions between property insurers and affiliates, require fair-and-reasonable documentation, review of dividends and asset pledges, contract termination clauses, affiliate registration, and penalties for violations. Members from both parties generally supported the goal of transparency and accountability, though some raised concerns about costs and whether the bill would actually return money to insureds. The bill was reported favorably.
HB 427, on public adjuster contracts, would allow vulnerable adults or their legal representatives to rescind public adjuster contracts without penalty, reflecting the sponsor’s personal concerns about protecting elderly and otherwise vulnerable family members from predatory contracting. Public testimony included support from several industry and elder-law groups, while the public adjuster association warned the bill could unfairly target one profession and urged broader language. Members debated whether the bill should be expanded to cover other solicitations and whether legal representatives should be treated differently, but the bill was ultimately reported favorably.
The committee also approved HB 893, which aligns bank handling of law-firm trust accounts with Florida Supreme Court rules and supports legal aid funding, and HB 767, a transparency bill requiring insurers to provide consumers with plain-language explanations of rate increases and related factors. Members emphasized consumer education and clearer disclosures, and HB 767 passed 2-0. Later, HB 381, the Office of Financial Regulation agency bill, was amended and reported favorably; it updates financial regulation provisions including cybersecurity-related requirements, money services business rules, credit union and financial institution provisions, and fee timing. HB 777, a related public-records bill protecting nonpublic personal information submitted to OFR, was also heard and moved forward without opposition.
NH