Transcript Highlights:

• And most have challenging financial lives characterized by financial disruptions or use of other financial
• And most have challenging financial lives characterized by financial disruptions or use of other financial
• But retail installment transactions are transactions where a retail buyer purchases goods or services
• able to access financial support.”
• Or a credit card transaction.

Summary: The Consumer Protection and Business Committee held a work session on buy now, pay later (BNPL) transactions, focusing on how the products work, how they are used in Washington, and whether existing state law adequately protects consumers. Department of Financial Institutions staff described BNPL as short-term, usually no-interest installment financing offered at checkout, often with automatic payments, late fees, and varying credit-reporting practices. Members asked how BNPL compares with payday lending and earned wage access, whether it is effectively a loan or credit product, and whether Washington law already covers it. DFI explained that some BNPL structures may fall into a legal gray area under the Retail Installment Sales of Goods and Services Act because pay-in-four products may not meet the statute’s “more than four installments” language, while other structures may be covered; they also noted the Attorney General can enforce the act. DFI and committee members discussed consumer risks such as overextension, automatic debits, and lack of standardized disclosures, and DFI said it would follow up with additional data on defaults and related issues. Molly Gallagher of the Poverty Action Network and Nadine Chabrier of the Center for Responsible Lending argued that BNPL can help consumers but also poses significant risks, especially for lower-income consumers and consumers of color who already carry debt or use other alternative financial products. They said BNPL use has grown rapidly, often involves multiple simultaneous loans across providers, and can lead to overdrafts, late fees, and difficulty tracking obligations because payments are spread across different schedules. They emphasized concerns about weak disclosures, limited dispute protections, automatic payment structures, credit reporting inconsistencies, consumer overextension, and data privacy/dark-pattern marketing. They also described federal retrenchment, including the CFPB’s withdrawal of an interpretive rule that would have treated BNPL like a digital credit card, and pointed to state responses in places like New York, California, and Maryland. Committee members signaled interest in possible Washington legislation and stronger state oversight. Retail and business witnesses offered a more favorable view of BNPL as a cash-flow and sales tool. A Washington Retail Association representative described BNPL as an evolution of layaway and credit-card-style installment purchasing, noting that merchants receive payment up front minus fees while consumers get goods or services immediately and repay over time. A representative from a business using deferred-payment financing said the tool helps customers obtain equipment and helps the business manage inventory and cash flow, while NFIB said small businesses also use BNPL to bridge expenses and avoid higher-interest credit card debt. Members asked about merchant fees, consumer education, and whether BNPL is being used for impulse purchases or essential expenses like rent, car repairs, medical care, and travel. The chair concluded by saying the committee intends to pursue regulatory language and continue working with stakeholders, while also hearing from retailers to avoid eliminating legitimate financing tools.

Transcript Highlights:

• You want to know why our colleagues are not voting for something that's going to provide them some financial
• So, you know, I would imagine that at least for financial assistance, FEMA will step in to assist with
• us to do something, not just talk about it, but to do something that's going to provide us some financial

Bills: HR217 , HB66 , HB204 , HB208 , HB326 , HB472 , HB483 , HB484 , HB793 , HB1051 , HB1080 , HB1087 , HB1111 , HB1215 , SB78 , SB148

Committee: House Municipal

Keywords: rent stabilization, affordable housing, cost burdened, Louisiana housing, housing policy, emergency rental protections, Alexandria, municipal ordinances, administrative adjudication, code enforcement, housing violations, building codes, zoning, nuisance ordinances, vegetation ordinances, sewerage, drainage, licensing, permits, local government

Transcript Highlights:

• This is a town already in financial crisis, and those costs are pushing it closer to the edge.
• Now consider the financial consequences using one example, the town of Boyce.
• Boyce has over a million in EMPERS-related liabilities on its own financial statements.
• Boyce has over a million in EMPERS-related liabilities on its own financial statements.
• Taylor Camp: I'm the chief financial officer for the Municipal Police Employees' Retirement System.

Bills: HB27 , HB71 , HB214 , HB225 , HB244 , HB306 , HB366 , HB446 , HB473 , HB514 , HB1043 , HB1082 , SB127

Committee: House Civil Law and Procedure

Keywords: armed security, liability, concealed carry, self-defense, security officers, property tax, blighted properties, urban rehabilitation, tax exemption, local government, financial incentives, term limits, governor, Louisiana constitution, elections, gubernatorial, constitutional convention, delegates, state election, ratification

Bills: HB287 , HB340 , HB412 , HB440 , HB514 , HB515 , HB521 , HB543 , HB553 , HB570 , HB961

Committee: House Ways & Means

Keywords: HB 287, Louisiana Tax Commission, ad valorem, property tax, property assessment, assessment fees, fee extension, sunset extension, public service property, utility property, insurance company property, financial institution property, tax administration, R.S. 47:1838, Act 296, reappraisal, ad valorem tax, valuation, Louisiana tax law, homestead exemption

Bills: HB166 , HB487 , SB130 , SB181 , HB166 , HB487 , SB130 , SB181

Committee: Senate Finance and Taxation General Fund

Keywords: education policy, wireless communication devices, internet safety, social media, mental health, HB487, Alabama G.I. Dependent Scholarship Program, veterans, disabled veterans, dependents, spouse benefits, widow benefits, children of veterans, tuition assistance, education benefits, scholarship, college aid, undergraduate tuition, private school reimbursement, books and fees

Transcript Highlights:

• What it does, it protects small business owners with significant financial stake from having to choose

Bills: HB418 , SB138 , SB215 , HB418 , SB138 , SB215

Committee: House Commerce and Small Business

Keywords: financial services, banking, insurance, debanking, social credit score, ESG, environmental, social, and governance, diversity, equity, and inclusion, DEI, religious freedom, free speech, viewpoint discrimination, political discrimination, firearms, gun industry, ammunition, fossil fuels, oil and gas, mining, timber

Transcript Highlights:

• To give any of those people a financial stake in keeping the person in the community is to create a huge

Bills: SB6339 , SB6184 , SB6224 , SB6255 , SB5977 , SB5979 , SB6249 , SB6007 , SB6186 , SGA9299

Committee: Senate Human Services

Keywords: alternative placements, individual ownership, restrictive policies, healthcare, operational control, homeless youth, youth services, mental health, support programs, state law, behavioral health, children, support services, poverty reduction, intergenerational poverty, WorkFirst, Temporary Assistance for Needy Families, TANF, self-sufficiency, economic justice

Transcript Highlights:

• employer when the employer decides not to pay health care benefits, so the employer understands the financial
• also have L&I educate the employer before or at the time of the decision so they understand the financial
• to notify the employer when they make that decision that if you do make this decision, it will financially
• they make that decision or at the time that they make that decision so they understand what the financial
• they make that decision or at the time that they make that decision so they understand what the financial

Bills: HB2188 , HB2563 , HB1571 , HB2144 , HB2191 , HB2218 , HB2243 , HB2372

Committee: House Labor & Workplace Standards

Keywords: transparency, industrial insurance, insurance rate increases, financial disclosure, regulatory oversight, unemployment, electronic notices, compensation, digital communication, order processing, workers' compensation, occupational disease, firefighters, fire investigators, law enforcement officers, first responders, heart disease, cardiac conditions, respiratory disease, cancer presumption

Transcript Highlights:

• Fortunately, I have the privilege of financial security and private health care, which covered all of
• Fortunately, I have the privilege of financial security and private health care which covered all of
• It helps sustain the financial foundation of Sage Memorial Hospital.
• Third, the financial impact of uncompensated care.
• Since my son—what I wanted to say is that really speaks more about their pursuing their own financial

Bills: HB2049 , HB2050 , HB2051 , HB2072 , HB2082 , HB2085 , HB2177 , HB2178 , HB2179 , HB2183 , HB2195

Committees: House Health & Human Services , House House Health & Human Services Committee of Reference

Keywords: radiation therapy, particle accelerator, critical access hospitals, patient care, rural healthcare, radiologic technologist, radiologist assistant, radiology, imaging, x-ray, diagnostic x-ray, fluoroscopy, mammography, computed tomography, CT technologist, nuclear medicine technologist, bone densitometry, radiation safety, radiation licensing, scope of practice

Bills: HB1160 , HB1187 , HB1289 , HB1339 , HB1345 , HB1501 , HB1604 , HB1798 , HB1069 , HB1347

Keywords: design review, local government, land use, zoning, project permits, housing density, middle housing, affordable housing, parking minimums, single-family zoning, infill development, growth management, comprehensive plan, permit streamlining, objective development regulations, architectural review, administrative review, transit-oriented development, accessory dwelling units, ADU

Transcript Highlights:

• Mount Vernon ISD, Mount Pleasant ISD, Harts Bluff ISD, and Rivercrest ISD will be hurt dramatically financially
• ISD, Mount Pleasant ISD, Harts Bluff, ISD, and Rivercrest Island ISD will be hurt dramatically financially
• with the loss of revenue from the praise values due to the dramatically, financially, with the loss
• I'm Chief Financial Officer for Ward Timber Company, located in Cass County, Texas.

Bills: HB1523 , HB2109 , HB2694 , HB3525 , HB3898 , HB4646 , HB5188 , HB5219 , HB5320 , HB5651 , HB5655 , HB5659 , HB5662 , HB5672

Committee: House Natural Resources

Keywords: aquifer conservation, Class V injection well, environmental regulation, groundwater protection, municipal water supply, temporary prohibition, water management, reservoir construction, state water plan, Texas Water Code, environmental impact, Brazoria Drainage District, commissioners, elections, vacancies, resignation, HB 3525, North Texas Groundwater Conservation District, groundwater permit, permit amendment

Summary: The Committee on Natural Resources heard House Bill 2109, which would remove certain long-proposed reservoir projects from the state water plan after 50 years without progress. Chairman Van Deaver and many landowners, local officials, timber interests, and conservation advocates testified in support, arguing that the Marvin Nichols Reservoir has burdened Northeast Texas landowners for decades with the threat of eminent domain, depressed property values, and uncertainty over homes, farms, ranches, schools, churches, and cemeteries. Supporters also said the project would flood tens of thousands of acres, require extensive mitigation, harm timber and agriculture, and that Texas now has better alternatives such as conservation, reuse, aquifer storage and recovery, and desalination. Several members expressed sympathy for the affected families and questioned whether a project could remain in the plan indefinitely without progress. Opposition came from North Texas water interests, including the North Texas Commission, Tarrant Regional Water District, and the Texas Water Association, who argued that the bill would interfere with the state’s long-term water planning process and remove needed future supply options for a fast-growing region. They said Region C faces major projected shortages by 2070, that conservation and reuse have already delayed the need for new supplies, and that reservoirs remain one tool in the state’s water-planning toolbox. TWDB staff explained the existing inter-regional conflict process and noted that the substitute would affect several unique reservoir sites, not just Marvin Nichols. After testimony, Chairman Van Deaver closed by urging passage of the bill, but the committee withdrew the substitute and left HB 2109 pending. The committee then took up House Bill 5188, a brackish groundwater bill. The author said the bill would reduce permitting burdens for wells in designated brackish groundwater production zones, and the committee substitute added requirements on monitoring, groundwater-rights ownership, and allocation of pumpage limits while removing some exclusions and export-fee provisions. Texas Wildlife Association testified against the bill, warning that the exemptions could weaken groundwater conservation districts’ ability to protect freshwater resources and surface-owner rights. San Antonio Water System testified in favor, saying brackish groundwater is a key future supply and that the substitute would help speed development of desalination and brackish projects. The Texas Alliance of Groundwater Districts testified neutrally but raised concerns about reduced district oversight, especially around injection-well exclusions and the loss of export fees, and said discussions on the bill were ongoing.

Transcript Highlights:

• The board may provide, may provide financial assistance for water supply projects.
• However However, this financial assistance can only come if the project is consistent with state and
• these impacts of ongoing future groundwater projects, permitting, infrastructure development, and financial
• is correct okay go ahead I was just gonna say the fiscal impact for This is more related to the financial
• analysis and the kind of investigative audit fraudulent transaction. that piece of things in the time

Bills: HB1523 , HB2109 , HB2694 , HB3525 , HB3898 , HB4646 , HB5188 , HB5219 , HB5320 , HB5651 , HB5655 , HB5659 , HB5662 , HB5672

Committee: House Natural Resources

Keywords: aquifer conservation, Class V injection well, environmental regulation, groundwater protection, municipal water supply, temporary prohibition, water management, reservoir construction, state water plan, Texas Water Code, environmental impact, Brazoria Drainage District, commissioners, elections, vacancies, resignation, HB 3525, North Texas Groundwater Conservation District, groundwater permit, permit amendment

Bills: HB1382 , HB3945 , HB4449 , HB5043 , HB5388 , HB5397 , HB5499

Committee: House Licensing & Administrative Procedures

Keywords: education, funding, student support, financial aid, K-12, higher education, weather modification, prohibition, criminal offense, Texas, agriculture, environmental control, agriculture law, Texas legislation, chemical control, Texas law, massage therapy, regulation, licensing, criminal penalties

Transcript Highlights:

• There is a financial transparency piece because it does provide where everything's got to be disclosed
• Storm insurance costs make housing unaffordable, place financial pressures on small businesses, and impede
• My concern has been that if you have TWIA that may not be as financially strong as what it needs to be
• It will put TWIA on a good financial footing and create a work plan for responding to the next costly
• allows insureds to benefit from economies of scale with respect to administrative, regulatory, and financial

Bills: HB778 , HB 1266 , HB1576 , HB2213 , HB2517 , HB2518 , HB2841 , HB3306 , HB3320 , HB3388 , HB3508 , HB3520 , HB3689

Committee: House Insurance

Keywords: credentialing, healthcare, physician assistants, advanced practice nurses, managed care, hurricane, windstorm, loss mitigation, grants, insurance discounts, property retrofitting, insurance, Texas Windstorm Insurance Association, board composition, coastal counties, property insurance, taxation, Texas FAIR Plan Association, premium taxes, maintenance taxes

Transcript Highlights:

• We think the much more important issue is the current financial condition of TWA and the fact that it
• policy, we do support this bill and would recommend it to help the CRTF and improve the current financial
• Right now, the entire burden of risk falls on the patient. financially, medically, and emotionally.
• your understanding of this bill, it's just allowing or requiring that an insurance company help financially
• I only suggested that it would be updated so it says, or you know. the minimum standards for financial

Bills: HB778 , HB 1266 , HB1576 , HB2213 , HB2517 , HB2518 , HB2841 , HB3306 , HB3320 , HB3388 , HB3508 , HB3520 , HB3689

Committee: House Insurance

Keywords: credentialing, healthcare, physician assistants, advanced practice nurses, managed care, hurricane, windstorm, loss mitigation, grants, insurance discounts, property retrofitting, insurance, Texas Windstorm Insurance Association, board composition, coastal counties, property insurance, taxation, Texas FAIR Plan Association, premium taxes, maintenance taxes

Transcript Highlights:

• Now, transactions between individual apps or financial institutions can be public or they can be private
• So large financial institutions that are processing transactions on the Canton blockchain are going to
• To ensure that because those super validators are the ones validating transactions across multiple financial
• To ensure that because those super validators are the ones validating transactions across multiple financial
• amounts in the transaction, or the asset types in the transaction.

Summary: The meeting began with roll call and approval of the prior meeting minutes, which passed unanimously. Members then introduced the day’s presentations, including one on the Canton network and another on tokenizing real-world assets, with a focus on how blockchain systems can support regulated financial institutions and asset tokenization. Julie, the director of policy and government affairs at Digital Asset, presented on the Canton network, describing it as a privacy-enabled public blockchain designed for regulated finance. She said tokenization should preserve the same legal and economic rights as the underlying asset, and argued that blockchain-based books and records can shorten settlement times, improve 24/7 trading, and reduce friction in capital markets. She identified three main barriers to institutional adoption of public blockchains: lack of privacy, limited throughput/scalability, and lack of control for compliance purposes such as freezing assets, pausing transactions, and meeting AML/sanctions obligations. She explained Canton’s structure as a public, permissionless network with application-level privacy controls, a global synchronizer, and super validators chosen by vote. She also highlighted current ecosystem participants and use cases, including Broadridge, Circle, and the DTCC’s planned tokenization of U.S. Treasuries on the network. Members and online participants asked about the relationship between tokenized assets and the Clarity Act, tokenized deposits, safeguards for faster settlement, and whether the platform could be used for municipal or property records. Julie said Digital Asset was not taking a position on rewards, but supported clearer statutory definitions because tokenized securities should carry the same rights as the underlying assets and investors need to know whether a token is a true tokenized security or a synthetic/reference token. She said the company is agnostic on whether the cash leg is stablecoins or tokenized deposits, though it expects both to develop. In response to concerns about rapid settlement, she pointed to institution-level permissions and SEC disclosure expectations as safeguards. She also said the technology could be used for other records, including potentially property-related records, if those assets can be tokenized.

Transcript Highlights:

• They change from one transaction to the next.
• As you remember, there are several types of fees deducted from transaction amounts on card transactions
• than financial institutions.
• The Federal Reserve tracks this data with respect to debit card transactions.
• of 1.25%. ...in place for five years on standard card transactions of 1.25%.

Summary: The Special Legislative Commission on the future of credit card payments and their impacts on small businesses held what was described as its last public hearing. Chair Paul Feeney opened by noting the commission’s mandate under Chapter 238 of the Acts of 2024 and explained that members would continue working on a final report after the hearing. The meeting featured testimony from banks, payment industry groups, restaurant advocates, convenience store representatives, and others, with repeated discussion of interchange fees, surcharging, fraud, and federal preemption issues. Banking and card-industry witnesses, including the Massachusetts Bankers Association, the Card Coalition, and the Electronic Payments Coalition, argued that state-level interchange restrictions would disrupt a global payment system, create compliance problems, and likely apply only to a small share of transactions because of federal preemption. They emphasized consumer and merchant benefits of cards, the role of banks in absorbing fraud losses, and recent federal and state developments, including Illinois litigation, OCC and NCUA actions, and a settlement that they said would give merchants more flexibility. Several witnesses also suggested alternatives such as vendor compensation for tax collection and modernizing Massachusetts’ surcharge ban. Restaurant and convenience-store advocates took the opposite view, saying swipe fees are a major burden on thin-margin businesses and that merchants should not pay interchange on sales tax or gratuities that are not their revenue. Mass Restaurants United and individual restaurant owners described severe financial strain, rising costs, and the need for transparency and relief. NACS supported swipe fee reform and argued that current fees are excessive and inflationary. A few members questioned witnesses about whether industry should share more of the burden and about the feasibility of changing the current system. No votes or formal policy actions were taken. The chair said the commission would meet again to discuss a draft framework and final report, and members of the public were invited to submit additional written testimony before the commission concludes its work.

Transcript Highlights:

• Or more of the transaction amount.
• or a pin is being used with a transaction.
• You're saying if a transaction is fraudulent, but there was a tax on the transaction, and then if it
• So every transaction has a tax, correct?
• Withdrawal fees because those transactions are...

Committee: House Banking and Finance

Transcript Highlights:

• Last year, the bill increases regulatory oversight of financial transactions between property insurers
• And and again, maybe you clarify your saying regular cash transactions, you mean for are there transaction
• Also, it changes the refund requirement from the infant entire first transaction to all transaction fees
• , the 3rd, the 4th transaction.
• And so yet having these limitations per transaction for existing yet having these limitations per transaction

Committee: House Commerce Committee

Transcript Highlights:

• So, he goes into his wallet, he hits send, it triggers a transaction, and that transaction needs to be
• transaction that I do.
• </c> financiers, drug traffickers, right? financiers, drug traffickers, right?
• </c> single transaction, every single swipe. single transaction, every single swipe.
• </c> because uh who wants to pay transaction because uh who wants to pay transaction fees?

Summary: The Hawaii State Senate Committee on Commerce and Consumer Protection held an informational briefing on digital assets, blockchain, and related regulatory developments. Chair Jarrett Keohoko said the committee was focusing on national and state policy issues around digital assets, while leaving the separate issue of Bitcoin kiosks and fraud to the House Consumer Protection Committee, which had already noticed a similar briefing. No public testimony was taken; the session was for informational updates and member questions. Representatives from the Aptos Foundation, including JC Yun and Michael Cheng, gave a detailed presentation on blockchain basics and Aptos’s technology. They described blockchain as a tamper-resistant digital ledger, explained proof-of-work and proof-of-stake systems, and argued that proof-of-stake networks are faster, cheaper, and more environmentally friendly. They also emphasized smart contracts and potential uses beyond speculation, such as car titles, college transcripts, collectibles, digital IDs, real estate, and other tokenized assets. The presenters highlighted Aptos’s Hawaii connections and said the technology could help local residents and businesses participate in the digital economy. They cited adoption statistics, including billions of transactions on Aptos, tokenized money market funds from major financial firms, micro-lending applications, decentralized cloud infrastructure, and the rapid growth of stablecoins. They acknowledged concerns about scams and consumer protection, but argued that the answer is stronger regulation and education rather than avoiding the technology altogether.