Transcript Highlights:

• the adoption of the National Association of Insurance Commissioners group capital calculation and liquidity

Bills: HF2601, HF2607, HF2027, HF2608

Keywords: financial institutions, insurance regulation, insurance holding company, group capital calculation, liquidity stress test, NAIC, National Association of Insurance Commissioners, insurer solvency, affiliate transactions, groupwide supervision, internationally active insurance group, lead state commissioner, policyholder protection, hazardous financial condition, deposit or bond, contract for deed, conventional loan, cooperative apartment loan, mortgage interest rate cap, average prime offer rate

Transcript Highlights:

• and other financial financing transactions, we've negotiated and executed financial instruments, liquidity

Keywords: 1184, house, all

Transcript Highlights:

• It's liquid.
• um and uh financially sound it's liquid um and uh as<01:49:02.639> director<01:49:03.000>
• <01:49:27.159> uh this Bond issuance the more liquid uh this Bond issuance the more liquid
• uh liquidity<01:49:27.840> we<01:49:28.080> have<01:49:28.480> the<01:49:28.679
• > the<01:49:28.800> more liquidity we have the the more liquidity we have the the more

Keywords: 910, house, all

Summary: The House Finance Committee held an informational briefing with the University of Hawaiʻi, led by new President Wendy Hensel and Vice President for Budget and Finance Calbert Young. Hensel outlined the university system’s scope, student demographics, research activity, and campus missions, emphasizing four strategic priorities: serving Native Hawaiians and Hawaiʻi, student success, workforce development, and economic diversification through innovation and research. She highlighted the system’s enrollment, research funding, and the roles of Mānoa, Hilo, West Oʻahu, the community colleges, and specialized institutions such as JABSOM and the Cancer Center. Young then reviewed the budget request, focusing largely on making prior one-time appropriations permanent and supporting recurring needs. Items included funding for Mānoa athletics, the Hawaiʻi Institute for Marine Biology, K-12 teacher education, Pamantasan Council support, Hilo programs, Windward’s mental health technician certificate, Maui’s practical nursing bridge program, and student support positions such as financial aid and admissions counselors. He also described workforce-related requests tied to nursing expansion at Mānoa and West Oʻahu, as well as facilities support at West Oʻahu. A major portion of the testimony addressed the university’s two Kakaʻako medical facilities. Young explained that declining tobacco settlement and cigarette tax revenues are no longer sufficient to cover debt service for JABSOM and the Cancer Center, so the governor’s budget includes general fund support to supplement those obligations. He also described a regents-approved request not included in the governor’s proposal: expanding the Hawaiʻi Promise financial aid program to the four-year campuses, estimated at about $11–12 million. No votes or formal committee actions were taken during the briefing.

Transcript Highlights:

• You do put it in a liquid solution. >> Exactly. Yeah, you would put it in water.
• > put<00:50:23.800> it<00:50:23.880> in<00:50:24.000> a<00:50:24.040> liquid
• You put it in a liquid solution. You do. You put it in a liquid solution.
• Before<01:17:31.640> I<01:17:31.720> take<01:17:31.960> the<01:17:32.040> liquid
• I take the liquid commission, I know know know Chief,<01:17:34.600> you<01:17:34.720> want

Keywords: 1189, house, all

Transcript Highlights:

• in targeting due to their respect and belief in law enforcement, and they typically have access to liquid
• Um, so if you had to hold that, does that mean a legitimate user might also have their liquidity or the
• Um, so if you had to hold that, does that mean a legitimate user might also have their liquidity or the
• Um, so if you had to hold that, does that mean a legitimate user might also have their liquidity or the
• <01:00:53.280> or<01:00:53.520> the might also have their liquidity or the might also

Keywords: 1191, senate, all

Transcript Highlights:

• We manage risk and liquidity; that's something that we always are thinking about, and we try to and we
• We manage risk and liquidity; that's something that we always are thinking about, and we try to and we
• We manage risk and liquidity; that's something that we always are thinking about, and we try to and we
• We manage risk and liquidity; that's something that we always are thinking about, and we try to and we
• Our target allocation for cash is 0%, but we keep cash on hand for liquidity for capital calls, so it

Keywords: 928, house, all

Summary: The committee held an orientation for new and returning members of the House committee on agencies and administration, with introductions from members and staff. Chair Carol Maguire outlined her expectations for hearings: keep questions focused on the bill, be respectful to witnesses, and use the committee’s orientation opportunities to learn about the jail staff, retirement system, and Office of Professional Licensure. Members also discussed related assignments on other bodies, including the Joint Legislative Committee on Administrative Rules and the Joint Committee on Employee Classification, and noted that some members already serve on those panels. A substantial portion of the meeting focused on the State Building Code and the committee’s upcoming workload. Members explained how the state code is intended to provide a common baseline while allowing limited local options, and why municipalities must formally adopt and publish any local amendments. They reviewed several anticipated bills: a consolidation bill to gather building-code enforcement materials in one place, a bill to update the state energy code, a bill to restrict municipal adoption of building-code changes, and a bill to update the electrical code. Members also discussed how building codes apply to older homes and commercial buildings, and why code updates are important for safety and clarity. The chair said the committee had 36 bills currently scheduled, including many early bills that must move by March 6 because they will be heard by two committees. She said the committee would use subcommittees for harder bills, with three subcommittees this year: pensions, licensing, and likely state building code. She also outlined the hearing schedule, including lighter bills on February 12 and the expectation of executive sessions later in the month. No votes were taken during the orientation, but members were told that public hearings do not require a quorum and that hard copies of bills would be distributed by committee staff.

Transcript Highlights:

• program, and one of them, talking with the agency's staff, was told that the department was having a liquidity
• a state agency in the last five years, let's say, or four years or two years, should have had a liquidity
• /c><01:16:25.120> was<01:16:25.280> having<01:16:25.520> a<01:16:25.679> liquidity
• the department was having a liquidity the department was having a liquidity issue<01:16:28.920><

Keywords: 1187, senate, all

Summary: The Senate Finance Committee met on January 9, 2025, to focus on internal controls, fraud prevention, and legislative oversight of state agencies. Legislative Auditor Judy Randall explained Minnesota’s internal control framework, based on the GAO Green Book, and described five core controls: assigning responsibility, separating duties, restricting access, maintaining policies and procedures, and keeping records. She tied each control to examples from recent audits, including DHS’s Medicaid provider debt recovery, the Minnesota State Academies’ travel reimbursement issue, privileged access at the Minnesota State Lottery, missing mileage-verification procedures at the Board of Firefighter Training and Education, and weak documentation in the Board on Aging’s senior nutrition program. Deputy Legislative Auditor Jod Mson Rodriguez then presented a new follow-up report on implementation of prior recommendations from 2022 through 2024, including special reviews. She said the office gathers agency documentation, evaluates progress, and categorizes recommendations from implemented to not applicable, while noting that some items require more work to verify and that this reflects OLA capacity rather than agency performance. Examples included the Department of Commerce, where some policy changes were verified but further work would be needed to confirm consistent investigator compliance, and the Metropolitan Council, where more data analysis would be needed to determine whether bonus payments were properly earned. She also noted that a legislature-directed recommendation to require grant manager training had not been implemented. Overall, OLA reported that state agencies had implemented or partially implemented close to 70% of its recommendations, while the legislature had implemented or partially implemented about 40% of recommendations from the last three years. Members generally praised the office’s work and discussed how agencies respond after reports are issued. Senator Westrom raised concerns about a recent media report on alleged fraud in CCAP, and Randall said OLA was aware of the issue but could not discuss details. Senator Draheim asked about post-report agency engagement, and Randall and Rodriguez said follow-up varies, with some agencies seeking private meetings and others engaging less, but that the follow-up process often prompts further discussion and improvement.

Transcript Highlights:

• You know, we've also tried to make investments, for example, in snow and ice to do more liquid applications
• You know, we've also tried to make investments, for example, in snow and ice to do more liquid applications
• You know, we've also tried to make investments, for example, in snow and ice to do more liquid applications

Keywords: 1187, senate, all

Transcript Highlights:

• You have data centers using different combinations like direct-to-chip cooling, liquid immersion cooling
• So we have air cooled facilities, but we also employ what's called liquid to the chip.
• Scott: We employ leading-edge, closed-loop liquid cooling and chiller systems, dramatically reducing

Summary: The Committee on State Affairs convened to discuss data centers and their impact on Texas's energy infrastructure. The meeting featured testimony from key representatives of the Public Utility Commission (PUC) and ERCOT, who outlined the evolving landscape of energy generation and the challenges posed by the rapid growth of data centers. Notably, ERCOT reported over 450,000 MW of generation resources planned for connection, with a significant portion attributed to data centers, which now represent around 87% of new large load interconnection requests. The committee explored proposed changes to the interconnection process, including a new 'batch study' approach aimed at streamlining the approval of multiple projects simultaneously. This change is intended to address the challenges of managing numerous simultaneous requests and to provide more certainty for developers regarding their energy needs. Testimonies emphasized the importance of ensuring that the costs of infrastructure upgrades are borne by the data centers rather than residential ratepayers, with discussions around the financial commitments required from developers. Several data center developers also provided testimony, highlighting the economic benefits of their projects, including job creation and increased local revenues. They expressed concerns about the potential for a moratorium on future growth due to the new interconnection rules and emphasized the need for a collaborative approach to address water usage and environmental impacts. The committee plans to continue discussions on these topics in future hearings, with a focus on balancing economic growth with energy reliability and resource management.

Transcript Highlights:

• It has the same type of bacteria in there, and we put food waste in, and we get liquids, solids, and
• It has the same type of bacteria in there, and we put food waste in, and we get liquids, solids, and
• Then the liquids get reincorporated back into that process, and then the solids you could either compost

Keywords: 1187, senate, all

Transcript Highlights:

• Yes, we don't usually write off too many loans because we normally work with the farmer to either liquidate
• an impact has this federal shakedown been with those that are... work with the farmer to either liquidate
• work with the farmer to either liquidate the<00:53:24.200> assets<00:53:24.640> or<00:

Keywords: 912, senate, all

Summary: The committee heard testimony on HB 1294 HD2, which would create a workforce housing working group within the Department of Agriculture to address agricultural workforce housing shortages. The Department of Agriculture supported the bill’s intent but emphasized that the first step should be a study to determine actual housing demand, noting many farmers have very low incomes and may not be able to support housing costs. A DHHL representative said the department supports the measure as a first step but does not currently plan to expand housing on its agricultural lands; members also discussed the distinction between agricultural and pastoral leases and asked for follow-up information on lease numbers and ranchers growing feed. Testimony on HB 1294 was overwhelmingly supportive, with farm and farmers’ organizations saying housing is critical to sustaining agriculture and should be located near farm operations when possible. Members questioned how housing eligibility would be enforced and whether federal housing funds could be used. The committee reported 38 testimonies in support, none opposed, and two comments, then voted to pass HB 1294 HD2 with amendments, including a date defect to July 1, 2050; the motion carried with five in favor and the recommendations were adopted. The committee then took up HB 428 HD1, establishing the Hawaii Farm to Families Program to address food shortages and requiring reports before the 2026 regular session. The Department of Agriculture urged the bill’s continuation and appropriations, citing rescinded federal grant programs and a planned $1.1 million application to support food banks and kalo production. Food banks, the Hawaii Farm Bureau, the Hawaii Farmers Union, and other groups strongly supported the measure, describing rising demand for charitable food assistance, especially for fresh produce and protein, and noting that many families are struggling despite working multiple jobs. Witnesses also described school pantry and backpack programs, food rescue partnerships with retailers, and the need for more stable state support; one witness asked for at least $5 million in funding for farm families. Committee members asked about food insecurity levels, food safety, abuse of food assistance, and how the program would connect farmers with schools and food banks. Food bank representatives said they already work with DOE school pantry programs and inspect all donated food for safety, and they suggested a grant or escrow-style payment model could help farmers by reducing reimbursement delays. The transcript does not show a final vote on HB 428 before the excerpt ends.

Transcript Highlights:

• You have data centers using different combinations like direct to chip cooling, liquid immersion cooling
• So we have air cooled facilities, but we also employ what's called liquid to the chip.
• Scott: We employ leading-edge, closed-loop liquid cooling and chiller systems, dramatically reducing

Transcript Highlights:

• working out with CMS, you know, the purchase of new ambulances takes longer than this obligation and liquidation
• You know, the purchase of new ambulances takes longer than this obligation and liquidation period.

Keywords: 908, all

Summary: The committee was called to order, the roll was taken, and the March 18 minutes were approved. Members then received several project and program updates, beginning with CHI St. Alexius’s behavioral health buildouts in Bismarck, Williston, and Grand Forks. St. Alexius reported that the Bismarck project remains on track for June 2027 completion, with demolition underway and final design work nearing completion. Williston reported construction is progressing, staffing recruitment is underway for psychiatrists and other staff, and an air handler replacement is creating a roughly $750,000 unbudgeted barrier that will slightly delay the timeline. Grand Forks reported its expansion is about 30% complete, with no major barriers beyond weather, and leaders said the project should be substantially complete in the first quarter of 2027. The Department of Health and Human Services then presented a series of budget and program updates. Donna Ockland explained several recent line-item transfers as technical corrections that net to zero and do not require new spending, then reviewed salaries, wages, and FTE counts, noting the department remains within its authorized staffing levels. Pat Rainer followed with an update on the Rural Health Transformation Program, saying 12 opportunities have been posted, 422 applications received, and $8.4 million obligated so far, with a goal of obligating the full $199 million by September. He described grants for workforce retention, rural rotations and housing, community gardens, school wellness, behavioral health promotion, safety net services, equipment, technology, EMS, and other initiatives, emphasizing that the program is intended to be transformational and tied to metrics. Members asked extensive questions about how rural eligibility is defined, how grants will support both rural facilities and hub hospitals, and how future years of funding will build on current awards. The committee also heard an update on certified community behavioral health clinics from Elena Zeller, who said North Dakota has been accepted as a demonstration state, implementation is underway in Williston, North Central/Minot, Fargo, and Dickinson, and care coordination and service counts are increasing. Rebecca Askins then reviewed SNAP payment error rates, saying the 2025 rate was finalized at 9.89%, with the state aiming to get below 6% through policy updates, training, data tools, and a quality assurance team. Members pressed her on the causes of the error rate, the role of the SPACES software system, and the need for accountability and improvements. Finally, Dirk Wilkie reported the state laboratory project reached substantial completion on June 12 and is on budget at about $69.95 million, though a service elevator had to be redesigned because it was too small for equipment.

Transcript Highlights:

• working out with CMS, you know, the purchase of new ambulances takes longer than this obligation and liquidation
• You know, the purchase of new ambulances takes longer than this obligation and liquidation period.

Summary: The committee met with a quorum, approved the March 18 minutes, and then received a series of updates on health-related projects and Department of Health and Human Services budget matters. Representatives from CHI St. Alexius in Bismarck and Williston, and Altru in Grand Forks, reported progress on behavioral health expansion projects, including demolition and construction milestones, updated timelines, funding status, staffing plans, and barriers such as an unbudgeted air handler replacement in Williston. Members asked about original completion dates, use of telehealth, recruitment of psychiatrists and other staff, and whether the new beds might reduce the need for patients to travel to Jamestown State Hospital. The projects were described as on track overall, with completion expected in 2027 for the larger builds and earlier openings for some phases in Williston. The committee then heard from HHS leadership on technical line-item transfers and the Salaries and Wages Block Grant. Donna Ockland explained that recent transfers were administrative corrections to place spending in the proper budget lines and did not involve new spending, and she reviewed FTE counts and vacancies across the department. Questions focused on behavioral health staffing changes and the use of consultants in the Rural Health Transformation Program. Pat Rainer outlined the rural health program’s first-year grants and priorities, including workforce retention, rural rotations and housing, community wellness initiatives, behavioral health promotion, safety net services, hospital equipment, suicide prevention training, technology, and EMS support. He said North Dakota’s plan was drawing positive national attention, but the department still needed to obligate roughly $199 million by September and was working with CMS on timing and compliance. The committee also received an update on certified community behavioral health clinics from Elena Zeller. She said North Dakota had been accepted as a demonstration state, with certification efforts underway in Williston, North Central, Fargo, and Dickinson. Members asked about care coordination, service growth, staffing, and whether certification would expand to all clinics; the department said it was still collecting baseline data and evaluating impacts before making future recommendations. Finally, Rebecca Askins reviewed SNAP payment error rates, explaining that the 2025 rate was finalized at 9.89 percent and that the department is working on training, system changes, and quality assurance steps to get below 6 percent. Members pressed on the causes of monthly variability, the performance of the SPACES system, and accountability for ongoing errors, and the department said it expects improvement over the next 6 to 12 months.

Transcript Highlights:

• This proposal would extend the farm worker housing component liquidation period to June 30, 2027, and
• the multifamily component liquidation period to June 30, 2028.

Summary: The Assembly Budget Subcommittee on Human Services held an informational hearing focused on the impacts of federal HR1 on CalFresh and Medi-Cal, along with related state mitigation efforts. CDSS, DHCS, DDS, county representatives, LAO, and Finance discussed automatic exemptions, data-sharing between departments, county workload, and the timing of implementation. CDSS said about two-thirds of adults ages 18 to 64 are already known to be exempt in CalFresh, and that administrative data matches could newly exempt about 200,000 of the roughly 955,000 adults potentially at risk. DHCS said Medi-Cal work requirements would begin in 2027 and the department is working to automate exemptions, including for IHSS recipients and some caregivers, while DDS said its population is expected to be covered by auto-exemptions. County welfare directors emphasized that individualized worker contact is critical, that counties need more staffing and stable funding, and that without it they expect delays, higher error rates, and reduced exemption screening capacity. Members pressed for written timelines, county-by-county impact data, and clearer guidance; the administration said it would provide follow-up materials and technical assistance. No votes were taken. The committee then heard a separate discussion on a proposed CFAP expansion or “CFAP Plus” concept to provide state-funded benefits to additional populations affected by HR1, including lawfully present non-citizens and ABODs. CDSS said implementation could not occur before October 1, 2027 because of policy and system-design constraints, and that adding unique eligibility rules would increase complexity and cost. Finance cautioned that any expansion would have General Fund impacts likely in the hundreds of millions to multiple billions. Members asked for cost estimates and technical feedback on trailer bill language, and CDSS said it would review the proposal and respond. The hearing also covered CDSS’s CalFresh strategic plan and mandated reporter training updates. CDSS said it is hiring a strategic plan lead to develop a long-term, data-informed CalFresh plan, and that the revised mandated reporter training is on track for launch in fall/winter 2026, ahead of the July 1, 2027 statutory deadline. The training will include updated content on structural racism, ICWA protections, implicit bias, and the distinction between reporting and supporting families. Members praised the work and asked for continued updates. Later panels focused on Promise Neighborhoods, Stop the Hate, and housing programs. Promise Neighborhood advocates and CDSS described the state’s prior $12 million investment, a positive evaluation showing roughly a 4-to-1 return, and a new proposal to support place-based partnerships and community schools through AB 1969. Stop the Hate grantees and CDSS reported that the program has provided direct services, prevention, and statewide coordination to millions of Californians, and urged reauthorization before funding expires; members asked for best-practice language and discussed focusing future funding on solidarity work, harm reduction, legal services, and education. Finally, CDSS presented on the CalWORKs Housing Support Program and Housing and Disability Advocacy Program, saying proposed General Fund investments of $105 million and $55 million would prevent funding cliffs and allow the programs to continue through 2026-27, while the absence of new funding would force reductions in housing assistance, subsidies, and enrollments.

Transcript Highlights:

• This proposal would extend the farm worker housing component liquidation period to June 30, 2027, and
• the multifamily component liquidation period to June 30, 2028.

Keywords: 988, house, all

Transcript Highlights:

• look at how much we have in these funds, revenue and budget stabilization funds, and whether it's liquid
• look at how much we have in these funds, revenue and budget stabilization funds, and whether it's liquid

Bills: HB12, HB42, HB205, HB222, HB324, HB325, HB350, HB416, HB482, HB610, HB749, HB797, HB807, HB821, HB979, HB992, HB1193

Keywords: survivor benefits, law enforcement, reserve officer, auxiliary officer, public safety, phased retirement, Teachers Retirement System, faculty retention, administrative fees, public postsecondary education, Medicaid, dental coverage, healthcare access, medical necessity, Louisiana Department of Health, judicial salaries, judges, judiciary compensation, cost of living adjustment, COLA

Summary: The House Appropriations Committee met on April 21, 2026, and advanced a series of bills, many with amendments to address fiscal concerns. Early actions included HB 350, which would extend the French immersion school Ecole Pointe-au-Chien from fourth through eighth grade; members emphasized the importance of preserving French language and culture in Terrebonne Parish, adopted an amendment making the bill subject to appropriation, and reported it favorably as amended. HB 749, dealing with the Louisiana Tuition Trust Authority’s administration of ABLE, START, and START K-12 savings programs after the LOSFA cyber incident, was amended to make provisions effective upon contract execution and then reported favorably. HB 979, which raises the survivor benefit for law enforcement officers and firefighters killed in the line of duty from $250,000 to $350,000, drew support from the governor’s office and law enforcement groups; members discussed fiscal impacts and inflation, and the bill was reported favorably. The committee also advanced HB 42 creating a phased retirement option for public postsecondary employees in the Teachers’ Retirement System, and HB 12 extending survivor benefits to reserve officers killed in the line of duty, both reported favorably after supportive testimony from law enforcement representatives. The committee then took up HB 324 on judicial salaries. Chairwoman Villio proposed making the 2024 and 2025 supplement stipend permanent and adding COLAs, but Vice Chairman Zeringue offered an amendment to remove future COLAs after members clarified which year’s increase was already funded in the judiciary budget. After discussion about long-term state obligations and judicial compensation levels, the committee adopted the amendment and reported the bill favorably as amended. HB 205, which revises compensation for election commissioners, generated extensive testimony from clerks of court and the Secretary of State about staffing shortages, 19 years without a raise, and the need to recruit and retain poll workers; the bill was amended to allow local governing authorities to supplement pay by up to $100 per election and was reported favorably. Members also approved HB 325, which revises TOPS Tech eligibility and, through amendment, allows part-time students to qualify beginning in 2026-2027 using excess TOPS funds; HB 807, creating a Workforce Instructor Capacity Investment Program to help recruit technical instructors; and HB 222, requiring Medicaid coverage for dental procedures needed before certain medical treatments, with supporters arguing it could prevent more expensive emergency care. Later, the committee reported favorably HB 992, requiring student identification numbers for children in certain early childhood programs, after the Department of Education said it could implement the change without additional staff or cost. HB 821, moving the Louisiana Center for Safe Schools to the Louisiana Commission on Law Enforcement Administration, was amended with technical changes and reported favorably as amended. Finally, HB 797, creating the Bayou Gold Program to certify certain gold storage and custody standards, was amended to move the program into Title 51 and to tie standards to recognized industry benchmarks such as COMEX and the London Bullion Market Association; the bill drew at least one opponent after an initial supportive presentation and was still under consideration when the transcript ended.

Transcript Highlights:

• Although there is liquid sunshine outside, we thank you for peace within because your word says you'll
• Although there is liquid sunshine outside, we thank you for peace within because your word says you'll

Keywords: House streaming session for Friday, February 20, 2026, 957, house, all

Summary: The Maryland House met in session with 122 members present, received the journal, introduced several House bills and Senate Bill 37, and referred bond initiatives and executive nominations to committee. The chamber then took up a series of third-reading bills. House Bill 146, concerning on-site wastewater system inspection and pumping requirements and implementation dates, drew extended debate. Supporters described it as a consumer protection and water-quality measure, while opponents argued it would add significant costs to home sales and rentals, especially in rural areas. After discussion of septic-system costs, enforcement, and the pace of replacement approvals, the bill passed 93-36. House Bill 220, dealing with individual water submeters, also prompted debate over a $1 monthly administrative fee and a provision affecting unpaid water bills in eviction proceedings; members clarified that the eviction language had been struck by floor amendment. Some members argued the bill could raise housing costs, while the sponsor said it mirrored existing electric and gas submetering law. The bill passed 95-34. House Bill 236 on blood-testing timing for contestants before the State Athletic Commission passed 130-0, House Bill 241 extending sunset provisions for state boards and commissions passed 130-0, House Bill 242 on unemployment insurance confidentiality passed 130-0, House Bill 259 revising the Maryland Community Investment Venture Fund passed 120-10, and House Bill 308 on private mailboxes for associations passed 120-2. During the floor session, members also discussed septic-system policy more broadly, including the cost of inspections, the need for timely repairs, and whether government should intervene in real-estate transactions. One member explained that a floor amendment had removed a disputed provision from HB 220, which is why it did not appear in the reprint. The House also received a gubernatorial message with executive nominations, referred it to House Rules, and then heard committee and subcommittee announcements about upcoming votes, budget hearings, and caucus meetings.

Transcript Highlights:

• It's mostly containers, but we do a fair amount of liquid bulk, cars, rail, and lumber.
• It's mostly containers, but we do a fair amount of liquid bulk, cars, rail, and lumber.

Summary: The joint hearing of the Assembly Select Committee on California-Mexico Bi-National Affairs and the Assembly Economic Development, Growth, and Household Impact Committee focused on the USMCA and how the agreement affects California’s economy, jobs, supply chains, and competitiveness. Opening remarks emphasized California’s heavy trade dependence on Mexico and Canada, the importance of stable trade rules, and concerns that tariffs or uncertainty could harm workers, small businesses, agriculture, logistics, manufacturing, and border communities. Members said the hearing would help inform a future legislative report or resolution on California’s priorities for the agreement’s review. Academic and policy witnesses argued that the USMCA is central to North American economic integration and California’s role in it. Testimony from UC San Diego and CETYS University described California and Mexico as co-producers rather than simple trading partners, highlighting sectors such as medical devices, aerospace, semiconductors, logistics, and advanced manufacturing. Witnesses also warned that the upcoming review could involve not just trade but security and immigration issues, and they urged a stronger, longer-term agreement with more certainty, better border efficiency, and new tools such as specialized technician visas, binational certification standards, innovation zones, and a technology fund. Go-Biz and chamber representatives said USMCA provides predictability, market access, and support for small and medium-sized businesses, while also creating compliance burdens through rules of origin, labor standards, and customs procedures. They pointed to California’s trade missions, export support programs, and state-level cooperation with Mexico and Canada as ways to help firms participate in regional supply chains. Mexican government and business representatives said the agreement is largely functioning well, that Mexico’s public consultation process received nearly 800 submissions and about 2,000 chapter-specific comments, and that many stakeholders favor maintaining or extending USMCA. No formal votes were taken; the committee heard testimony and asked witnesses for follow-up information to inform its report and future recommendations.

Transcript Highlights:

• We're taxing vaping at 12.5% of wholesale for e-liquids. 50 cents per closed system cartridge.
• While we try to produce some additional investment return, we keep this in more liquid assets to make