Video & Transcript : 'false identification' :
Page 244 of 311
MO
AZ
Arizona 2026 Regular Session
02/16/2026 - Senate Military Affairs and Border Security
Transcript Highlights:
- So for you to judge somebody else on any other matter than that alone is false.
Summary:
The committee first approved the February 9, 2026 minutes and then took up SB 1618, which restructures the Military Affairs Commission to add governor-appointed defense and industry experts, expand advisory participation, require more frequent meetings and reporting, and create a commission fund. The sponsor and a witness from the Southwest Mission Acceleration Center said the bill would modernize Arizona’s approach to retaining and attracting military missions and defense-related business. After adopting a Gowan amendment, the committee voted 6-1 to give SB 1618 a do pass recommendation as amended.
The committee then heard SB 1047, the “Defend the Guard” bill, which would bar deployment of the Arizona National Guard into active combat without a congressional declaration of war. Supporters, including veterans and activists, argued it would restore constitutional limits and protect Guard members from unauthorized foreign wars. Opponents, including a retired National Guard officer, warned it could harm readiness, create tension with the Pentagon, and risk federal funding or missions. The committee voted 4-3 to give SB 1047 a do pass recommendation.
Next was SB 1474, which preempts state and local restrictions on cooperation with federal immigration authorities, requires immigration-enforcement training, and, under amendment, requires county sheriffs to enter 287(g) agreements with ICE by January 1, 2027. The sponsor said the bill would improve cooperation and enforcement consistency, while opponents—religious leaders, public servants, and others—argued it would expand federal immigration enforcement, increase fear in communities, and burden local agencies with an unfunded mandate. After a lengthy and contentious debate, the committee voted 4-3 to give SB 1474 a do pass recommendation as amended.
Finally, the committee considered SB 1620, which changes Arizona Space Commission membership by reducing governor appointments, adding the lieutenant governor as chair, and making legislative and executive leaders nonvoting advisory members. The commission chair said the changes would align Arizona with other states and improve structure and continuity. The bill passed 5-1 with a do pass recommendation. The committee then heard SB 1365, a strike-everything amendment removing the income cap for disabled veterans’ property tax exemption on a primary residence; members discussed whether very high-income veterans should still qualify, but agreed the bill would help disabled veterans. The committee adopted both amendments and gave SB 1365 a do pass recommendation.
AZ
Arizona 2026 Regular Session
02/16/2026 - Senate Military Affairs and Border Security
Military Affairs and Border Security
Transcript Highlights:
- So for you to judge somebody else on any other matter than that alone is false.
Keywords:
National Guard, active duty, combat, Arizona, declaration of war, state law, military service, property tax, exemptions, veterans, disabilities, widows and widowers, Arizona Revised Statutes, immigration enforcement, local law enforcement, federal cooperation, law enforcement training, public safety, military affairs, funding
AR
Arkansas 2026 1st Special Session
INSURANCE & COMMERCE - SENATE AND HOUSE Feb 13th, 2026
Transcript Highlights:
- I wanted to know about false advertising of insurance.
Summary:
A joint House-Senate Insurance and Commerce meeting focused on the growing threat of financial fraud in Arkansas, with members hearing from bankers, regulators, law enforcement, AARP, and mortgage and insurance industry representatives. Witnesses described a wide range of scams, including spoofed bank calls and texts, fake websites and social media impersonation, romance and investment scams, business email compromise, gift card fraud, check fraud, wire fraud, reverse mortgage scams, and crypto kiosk schemes. Several speakers emphasized that fraud is increasingly organized, technology-driven, and amplified by artificial intelligence, and that seniors are disproportionately targeted and often suffer the largest losses.
Testimony highlighted both prevention and recovery efforts. Bankers said institutions spend heavily on training, customer education, and fraud detection, but often cannot stop losses once customers have been convinced to authorize transfers. The Attorney General’s office described its Consumer Protection Division, a new Financial Fraud Task Force, and examples of recovering funds quickly from crypto kiosk and wire fraud cases. The State Bank Department and Securities Department said Arkansas’s 2025 crypto ATM legislation and related education requirements have helped, and they urged continued public education. The Insurance Department reported major insurance-fraud trends, including fake insurance cards, forged policies, premium-finance schemes, and staged auto accidents, and said it prosecutes these cases aggressively.
Members asked about reporting scams, the security of tap payments, how fraud losses are tracked, the role of crypto kiosks, and whether Arkansas should pursue model legislation or stronger action against telecom and social media companies. Witnesses said tap payments are generally safer than chip or swipe, that crypto transfers are often unrecoverable, and that spoofed caller ID and impersonation ads remain major problems. Paul Benda of the American Bankers Association urged state and federal action against telecom and social media platforms and supported national scam legislation. No new bills were voted on at the meeting, but members approved the November 3, 2025 minutes and several witnesses offered to share model legislation, consumer education materials, and state-by-state fraud data with the committee.
AR
Arkansas 2026 Regular Session
INSURANCE & COMMERCE - SENATE AND HOUSE Feb 13th, 2026
AR
Arkansas 2026 Regular Session
INSURANCE & COMMERCE - SENATE AND HOUSE Feb 13th, 2026
Transcript Highlights:
- I wanted to know about false advertising of insurance.
Summary:
A joint House-Senate Insurance and Commerce meeting focused on the growing threat of financial fraud in Arkansas, with members and witnesses describing scams targeting seniors, small businesses, and working families. The committee first approved the November 3, 2025 minutes, then heard from the Arkansas Bankers Association, the American Bankers Association, banks, the Attorney General’s Consumer Protection Division, the Arkansas Mortgage Bankers Association, the State Bank and Securities Department, the Insurance Department, and AARP. Witnesses described common schemes including spoofed bank calls and texts, government imposter scams, romance and investment scams, business email compromise, fake job postings, gift card scams, check fraud, wire fraud, reverse mortgage scams, identity theft, and insurance fraud. Several witnesses emphasized that cryptocurrency kiosks and crypto transfers make recovery difficult or impossible, and that artificial intelligence is making scams more convincing and scalable.
Witnesses repeatedly stressed education, verification, and coordination among banks, law enforcement, regulators, and consumers. Bank and mortgage representatives urged consumers to slow down, independently verify wire instructions, avoid clicking unexpected links, use tap-to-pay rather than chip or swipe when possible, and never share account credentials or one-time codes. The Attorney General’s office said it investigates consumer complaints, mediates disputes, works with social media platforms to remove scam ads, and recently created a Financial Fraud Task Force with bankers and other stakeholders. The State Bank and Securities Commissioner highlighted the Safe AR Act, the state’s crypto kiosk framework, and fraud education efforts such as “fraud bingo,” while the Insurance Department described its law-enforcement role and a range of insurance-related fraud schemes it prosecutes. AARP said fraud is widespread and underreported, especially among older adults.
Members asked about reporting scams, how losses are handled, whether tap is safer than chip, how crypto fraud works, whether Arkansas has model legislation to address telecom and social media impersonation, and how local law enforcement and state agencies coordinate investigations. Witnesses said banks generally absorb much of the financial loss under federal rules, while consumers bear the inconvenience and account changes. Several witnesses said Arkansas should consider additional legislation to hold telecom companies and social media platforms accountable for spoofed caller IDs and impersonation ads, and one witness said a federal Scam Act is moving in Congress. No additional votes or formal actions were taken beyond approval of the minutes, but witnesses agreed to share consumer education materials and model legislation with committee staff.
NM
New Mexico 2026 Regular Session
House - Agriculture, Acequias And Water Resources Feb 5th, 2026 at 09:02 am
House Agriculture, Acequias And Water Resources
Transcript Highlights:
- It's a false narrative.
Keywords:
Taos County, Questa, produced water, treated produced water, water reuse, water quality control commission, freshwater conservation, rural communities, acequias, Indian nations, tribes, pueblos, water rights, industrial water use, data centers, artificial intelligence, AI, quantum computing, economic development, renewable energy
FL
Florida 2026 5th Special Session
Commerce and Tourism Feb 4th, 2026
Transcript Highlights:
- So parents get a false sense of security, and citizens give up sensitive personal data and children are
Summary:
The committee first took up SB 1236, which would condition state economic development incentives on employers at subsidized companies using secret-ballot union elections and prohibiting neutrality agreements. The sponsor said the bill is meant to protect workers and taxpayer dollars, and he noted he would amend the Attorney General enforcement language to allow appeals. Supporters argued it protects secret ballots and transparency, while opponents said it is a form of union-busting, could conflict with federal labor law, and would burden contractors and workers. After debate, the committee reported the bill favorably on a roll call vote, with Senators Bracey Davis, Smith, and Errington voting no and the remaining recorded votes in favor.
The committee then heard CS/SB 198, which regulates cryptocurrency kiosks to combat fraud, especially against seniors. The bill requires kiosk registration, fraud warnings, blockchain analytics, transaction limits, receipts, and refund protections for certain first-time transactions involving non-U.S. wallets. Supporters from consumer and senior advocacy groups said the bill would help stop widespread scams, while one industry witness praised the bill’s fraud protections but suggested narrowing the daily limits and new-customer period. The committee reported the bill favorably by roll call vote.
Next, the committee considered CS/SB 1356 on dog breeding, pet sales, and breeder registration. The sponsor described it as a work in progress aimed at ending inhumane breeding conditions, improving consumer disclosures, and creating breeder standards and penalties; an amendment removed state oversight of local animal shelters. Pet store representatives supported many animal welfare provisions but objected to the three-day financing waiting period, shelter-space requirements, expanded reimbursement, and litigation exposure. Animal welfare supporters backed the bill, and the committee reported it favorably.
The committee also heard SB 1722 on app stores and minors’ access to apps. The bill requires age verification, parental consent for minors, notice of app changes, and enforcement by the Department of Legal Affairs. Supporters said it would better protect children online and help enforce existing age-based restrictions, while opponents warned it could require overcollection of personal data, create privacy and constitutional problems, and duplicate tools parents already have. After debate, the committee reported the bill favorably. Finally, the committee took up CS/SB 422, which would bar use of ADS-B aviation data to calculate or collect certain airport fees, with an amendment adding departures to the covered activities. A pilot supported the bill as a safety and privacy measure, while airport advocates opposed it, saying it would undermine airport finances and force less efficient fee collection methods. The transcript ends during testimony on this bill, before final action is shown.
AZ
Arizona 2026 Regular Session
01/29/2026 - Senate Health and Human Services
Senate Health and Human Services COR
Transcript Highlights:
- We didn't even have authority to deny applications for false or misleading information or previously
Summary:
The committee continued its fourth hearing on fraud, waste, and abuse involving Arizona’s Medicaid and behavioral health systems, with a major focus on Access/ALTCS eligibility, behavioral health licensing, and payment delays. Senator Shamp presented findings alleging large gaps in ABD Medicaid asset verification, including that only a portion of enrollees were checked and that many with substantial liquid assets remained on the program. She argued the state’s waiver and lack of asset limits created a compliance and fiscal risk, and urged referrals to law enforcement, tighter verification, and broader reforms. Heather Dukes, representing behavioral health and sober living operators, testified that ADHS and Access have become overly punitive toward licensed providers, often sending technical paperwork violations straight to enforcement instead of allowing correction plans, and that zoning and licensing delays are harming legitimate businesses. Reva Stewart testified that patient brokering and fraudulent recruitment of vulnerable people into behavioral health and sober living settings remain ongoing, especially through social media, and called for stronger accountability and enforcement against bad actors.
ADHS Deputy Assistant Director Tiffany Slater said the department has received more than a thousand complaints about unlicensed sober living operations, which has diverted staff from routine oversight of licensed facilities. She said ADHS has expanded enforcement tools for sober living homes, is using a new licensing system to flag repeat bad actors, and is trying to make the application process easier, while acknowledging that inspections can tip off unlicensed operators. Access Director Virginia Roundtree described steps the agency has taken since the prior hearing, including daily staff huddles, live dashboards, added project management support, an external claims vendor, and an independent review of the Division of Fee-for-Service Management. She said Access is trying to balance fraud prevention with support for legitimate providers, and committed to follow up on a specific provider payment dispute by early the next week.
Committee members repeatedly pressed Access and ADHS on delayed claims processing, prepayment review, and whether the current system is driving providers out of business. Roundtable testimony from Access staff described the new Provider Resolution Roundtables, which are intended to work with a small number of providers facing the most claims and authorization problems. Members questioned why claims are being denied or held for long periods, why some providers are still waiting on payments from 2023 and 2024, and whether the agency’s actions are sustainable. Access also explained the Targeted Investment Program, saying it is a federally approved Medicaid initiative with large dollar amounts still being paid out on a delayed schedule, and agreed to provide more information on provider participation and payment timing. No formal votes or committee actions were taken in the portion provided, but the chair indicated the committee would continue reviewing the issue and requested additional reports and follow-up information from Access and ADHS.
MO
AZ
Arizona 2026 Regular Session
01/13/2026 - House Natural Resources, Energy & Water
House Natural Resources, Energy & Water Committee of Reference
Transcript Highlights:
- Ultimately, our concern is about publishing a document that gives entities false hope and runs afoul
Summary:
The committee heard introductions from members and staff, then took up several water and natural resources bills. House Bill 2024 would expand Water Infrastructure Finance Authority (WIFA) authority to include snowpack augmentation and related planning and permitting costs. Supporters, including a cloud-seeding company, argued the technology can increase snowpack and water supply at relatively low cost, while opponents raised concerns about weather modification, chemicals such as silver iodide, uncertainty in the science, and potential environmental effects. After debate, the committee passed HB 2024 on a 6-4 vote, with some members explaining they wanted more research but were willing to advance it for further consideration.
House Bill 2053 would appropriate $100,000 to the Arizona Department of Water Resources to update stormwater recharge mapping statewide, including private land, and the committee adopted an amendment extending the timeline and revising language about recharge sites and surface-water conflicts. ADWR said it could do the mapping but noted legal concerns about determining appropriable surface water rights. SRP and the Sierra Club opposed parts of the bill, arguing the language could affect existing water rights or exclude nature-based recharge areas. The bill passed as amended on a 6-4 vote.
The committee then heard a presentation from WIFA director Chelsea McGuire on the agency’s revolving funds, conservation grants, and long-term augmentation efforts, including seven proposed augmentation projects and a request for no budget cuts. House Bill 2097, which would cap groundwater pumping in irrigation non-expansion areas at six acre-feet per acre and add related reporting, exemptions, and substitution provisions, drew support from the sponsor as a conservation measure but opposition from ADWR and environmental advocates who said the cap was too high or could encourage pumping; it passed 6-4. House Bill 2116, appropriating $1 million to the Colorado River Litigation Fund, passed 8-1 amid comments that it was a precaution in ongoing Colorado River negotiations. Finally, House Bill 2117, a cleanup bill shifting environmental special plate fund authority to the new conservation district board and updating distribution rules, was presented as a technical correction and education-fund update; the transcript ends before a final vote on that measure.
FL
Florida 2025 Regular Session
December 10, 2025 - 03:30 PM
Transcript Highlights:
- So to have false or no. Thank you. All right. Thank you, Representative Block.
FL
Florida 2026 5th Special Session
Transportation Dec 9th, 2025
Transcript Highlights:
- Allowing ROVs on roads falsely signals that this practice is safe. It is not.
Summary:
The Transportation Committee heard SB 356 by Senator Wright, which would create an opt-in framework allowing counties and municipalities to designate certain roads for utility-terrain vehicles (UTVs) under local conditions, including driver licensing, insurance, and speed-limit restrictions below 55 mph. Senator Wright said the bill would give law enforcement clearer authority and mirror the local-option approach used for golf carts. Supporters included a retired Volusia County sheriff and county commissioner, who argued UTVs are safer than golf carts and are already being used on roads, while opponents from the Recreational Off-Highway Vehicle Association and Honda warned that UTVs are designed for off-road use, lack federal safety standards, and pose crash and tire-blowout risks on public roads. Several senators raised safety concerns, especially about speed and crash severity, but the committee ultimately voted to report SB 356 favorably.
The committee then held a lengthy discussion on seaport infrastructure and funding, beginning with a moment of silence for JaxPort COO and former FDOT employee James Bennett. FDOT presented data showing Florida’s 16 deepwater seaports generate major cargo volume, jobs, and economic impact, and described state funding programs such as FSTED, SPI, and the construction aggregate grant program. Port representatives from Port Everglades, PortMiami, Port Tampa Bay, and the Port of Palm Beach described record cargo and cruise activity, major capital projects, and the need for continued state and federal support for dredging, bulkheads, cranes, rail, and terminal expansion. Senators asked about ROI, trade shifts, intermodal connections, fuel and LNG availability, leverage and reserves, and operational risks such as flooding, sea level rise, and channel depth; port officials emphasized resiliency, private partnerships, and long-term master planning.
The committee also confirmed appointees to the Tampa Hillsborough County Expressway Authority and the Tampa Port Authority in one vote, with no objection. Finally, FDOT presented the statewide mapping programs work group report required by SB 1662, explaining that coordinated statewide use of LiDAR and aerial imagery could reduce duplication, improve emergency management and planning, and support insurance and storm-damage assessment. FDOT recommended a formal statewide coordination program, shared procurement and cost-sharing agreements, dedicated staffing, and statutory updates to Chapter 334 to support interagency agreements and recurring funding.
FL
Transcript Highlights:
- Allowing ROVs on roads falsely signals that this practice is safe. It is not.
Summary:
The Committee on Transportation heard SB 356 by Senator Wright, which would create an opt-in framework for counties and municipalities to allow utility-terrain vehicles (UTVs) on certain local roads with posted speed limits below 55 mph, subject to local safety determinations, licensing, insurance, and other restrictions. Supporters, including a retired sheriff and a Florida Sheriffs Association representative, argued the bill would give law enforcement clearer authority and reflect the reality that UTVs are already being used on roads, while opponents from the Recreational Off-Highway Vehicle Association and Honda warned that UTVs are not designed for public roads and lack key safety features. Several senators raised safety concerns, especially about speed and crash risk, but the bill was reported favorably after debate, with Senators Martin, McClain, and Truenow expressing reservations.
The committee then held a lengthy discussion on seaport infrastructure and funding. FDOT presented data showing Florida’s 16 deepwater seaports generate major cargo volume, jobs, and economic impact, and described state funding programs such as FSTED, SPI, and the construction aggregate grant program. Port representatives from Port Everglades, PortMiami, Port of Palm Beach, and Port Tampa Bay described record cargo and cruise activity, major capital projects, and the importance of state and federal grants, private partnerships, and long-term planning. They also discussed challenges including limited land, bulkhead and berth maintenance, channel deepening, workforce needs, fuel access, resiliency, and intermodal connectivity. Senators asked about return on investment, trade patterns, financing, cruise-versus-cargo balance, and operational risks; the ports emphasized that they are largely enterprise-funded but still depend on public investment for major infrastructure.
The committee also approved a block of appointments to the Tampa Hillsborough County Expressway Authority and the Tampa Port Authority without objection. In addition, FDOT presented the statewide mapping programs work group report required by SB 1662, recommending a coordinated statewide aerial imagery and LiDAR program, shared procurement and cost-sharing arrangements, and statutory updates to improve interagency coordination and access to geospatial data. Senators briefly discussed potential uses for the data in insurance, emergency management, and property assessment, and the presentation concluded without further action.
WA
Washington 2025-2026 Regular Session
House Local Government Dec 5th, 2025
Transcript Highlights:
- process where there's really a... ...public hearings as part of a process where there's really this false
Summary:
The committee heard a series of presentations on comprehensive plan updates, permitting reform, special purpose district coordination, and subdivision reform. Pierce County and the City of Redmond described their recent comprehensive plan updates, emphasizing housing production, transit-oriented development, middle housing, preservation of affordable housing, and the need for technical assistance and clearer state guidance. Both jurisdictions said the planning process took years and was complicated by overlapping state requirements, changing legislative mandates, and multiple review authorities. Redmond in particular said mid-course legislative changes forced supplemental environmental review and added significant cost and delay, and both local governments asked for more stability, clearer statutes, and better-aligned timelines.
Presenters from the architecture, building official, and development sectors focused on permitting delays and proposed ways to speed housing delivery. Dave Boucher of AIA Washington argued for a provisional construction permit process for projects stamped by licensed professionals, along with mandatory deadlines and fewer stalled review cycles. Tim Woodard of WABO described existing tools such as pre-application meetings and phased approvals, noting they can improve certainty but also require staff time and careful coordination. Representatives from Master Builders and D.R. Horton said permit and subdivision delays add substantial cost to housing, citing studies showing months of delay and tens of thousands of dollars added per home, and urged administrative approvals, concurrent review, self-certification, and limits on repeated review cycles.
The committee also reviewed a Commerce-led task force report on integrating special purpose districts into Growth Management Act planning. The task force recommended early invitation and notice to water, sewer, school, port, and other service providers during countywide planning policy and comprehensive plan updates, better coordination on grants and capital projects, updated water system coordination plans, and improved school siting and funding alignment in fast-growing areas. Speakers stressed that the recommendations were intended to be light-touch and focused on better communication rather than major statutory overhaul, while also noting that rural and slow-growing areas should not be burdened with the same requirements as rapidly growing jurisdictions.
On subdivision reform, FutureWise and the City of Spokane discussed making more subdivision decisions administrative, preserving vesting, clarifying exemptions, and reducing unnecessary notice and appeal steps. Spokane described local reforms such as smaller minimum lot sizes, unit lot subdivisions, and reduced-process “minor engineering review” for simple plats, while raising concerns about new notice requirements and appeals to city councils for technical plat decisions. Across the hearing, members repeatedly returned to the theme that local governments, builders, and state agencies need clearer, more coordinated rules to reduce delay and uncertainty while still protecting safety and planning goals.
WA
Washington 2025-2026 Regular Session
House Agriculture & Natural Resources Sep 30th, 2025
Transcript Highlights:
- Half of the market share we lost from 2018-2014, about $73.4 million in falses were exported to India
Summary:
The House Agriculture and Natural Resources Committee held an interim work session focused on Washington agriculture’s viability, workforce, and competitiveness. Director Derek Sanderson of the Washington State Department of Agriculture and WSU Dean Raj Kosla described the size and diversity of the state’s farm sector, declining farm numbers, major export markets, and pressures from labor costs, low commodity prices, trade barriers, drought, regulatory burdens, and pests and disease. Kosla emphasized WSU’s land-grant role in education, research, and extension, including precision agriculture, broadband needs in rural areas, and the need for state support to help producers adopt new technologies and train the next generation of agricultural workers.
Members asked about retaining farmland, increasing workforce capacity, and the role of precision agriculture. Kosla said precision agriculture can help address labor shortages and water scarcity, but adoption is limited by cost and rural broadband gaps. He explained precision agriculture as tailoring inputs to the right place, time, amount, and manner, and said WSU is working on low-cost sensor technologies and other innovations. Members also asked about how widely precision agriculture is used and whether it improves farm bottom lines; Kosla said adoption varies by tool and that he would follow up with more data.
The committee then heard from Dr. Randy Fortenberry of WSU’s Impact Center on an agricultural competitiveness study and the effects of tariffs and trade. He reported that Washington’s competitiveness has generally declined relative to peer states in dairy, grapes, hops, apples, and wheat, with potatoes as the main bright spot. Surveyed producers said a substantial share of revenue is tied to regulatory compliance, with labor-related costs a major driver, and small diversified farms reported land access, capital, and profitability as bigger barriers than regulation. On trade, Fortenberry said Washington agriculture is highly export-dependent and vulnerable to retaliation, citing past losses in wheat, apples, pulses, and cherries when tariffs disrupted markets, while noting current uncertainty around China and India. The committee asked follow-up questions about compliance time, peer-state comparisons, and regulatory burdens; no votes were taken, and the department said it plans an interim report by the end of the year and a final report by June 2026.
NM
New Mexico 2025 Regular Session
IC - Legislative Finance Sep 24th, 2025
Transcript Highlights:
- they have the wherewithal to come in. and finance the emergency and pay their contractors, but that's false
WA
Washington 2025-2026 Regular Session
Select Committee on Pension Policy Sep 16th, 2025
Select Committee on Pension Policy
Transcript Highlights:
- False start, five-yard penalty. Let’s do a roll call, please. Thank you, Mr. Chair.
Summary:
The committee approved the July minutes and then received an informational presentation from the Office of the State Actuary on the financial condition of the state retirement systems. The actuary reported that employer contribution rates are generally declining, helped by strong investment returns and reduced funding for PERS 1 and TERS 1, while funded ratios have continued to improve; on a combined basis the plans were reported at 100% funded in 2024, with open plans above 95% and legacy plans varying by system. The presentation also reviewed projected rates and funded ratios under current assumptions, noted that pension costs are taking a smaller share of the state general fund, and discussed risks from investment volatility, policy changes, and demographic experience. Committee members asked about savings from lower rates, deferred asset smoothing, and how Washington compares with other states.
The committee then considered the state actuary’s recommendation on long-term economic assumptions and adopted all four recommendations by roll call votes: inflation at 3.0%, general salary growth at 3.5%, membership growth for Plan 1 funding at 1.0%, and investment rate of return at 7.25%. The actuaries explained that the inflation and salary growth increases were driven largely by higher long-term inflation expectations, while the investment return recommendation matched the current statutory assumption. Members discussed the timing of the Pension Funding Council’s decision, the effect of tariffs and inflation uncertainty, and how assumption changes would affect future contribution rates and budgets, particularly for open plans.
Staff then gave an update on the LEOFF 1 study, explaining the difference between being “ahead of schedule” and truly overfunded, and summarizing responses received from DRS, the State Treasurer, and the State Investment Board on the merger and restatement proposals. DRS said both bills could be administered, though the merger bill’s COLA banking provision would be challenging until its new system is ready; the Treasurer urged caution, especially about the restatement bill and the use of one-time funds; and the Investment Board said removing assets from the trust would have some transaction costs but likely small impacts. The committee discussed whether to invite additional agencies and local government groups to testify, and staff said more responses, including from Ice Miller and the State Actuary, were expected for the October meeting.
Finally, the committee heard a briefing on PERS 1/TERS 1 COLA policy and related bills from the last session. Staff reviewed the committee’s prior ongoing COLA recommendation, the SCPP-endorsed bills that would have created a one-time 3% COLA followed by an ongoing COLA, the Senate merger bill, and a separate ad hoc COLA bill. Public testimony largely supported Plan 1 COLAs and stable contribution rates, while several speakers urged caution about transferring LEOFF 1 surplus assets or merging legacy plans, and others raised concerns about climate risk and the pension fund’s investments. No further committee action was taken on the COLA item during this portion of the meeting.
TX
Texas 89th Regular
Senate Special Committee on Congressional Redistricting Aug 17th, 2025
NM
New Mexico 2025 Regular Session
IC - Courts, Corrections and Justice Jul 1st, 2025
Courts, Corrections & Justice Committee
Transcript Highlights:
- All of that was just false. That's just not true at all. Number one.