Video & Transcript : 'depreciation schedule' :

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OK
Transcript Highlights:
  • We promise we learned our lesson about trying to schedule during session.
  • We promise we learned our lesson about trying to schedule during session.
Summary: The meeting was a 14(c) Task Force hearing focused on employment experiences of Oklahomans with disabilities and the state’s use of subminimum wage. Numerous self-advocates and workers testified about their jobs, accommodations, pay, transportation barriers, and the importance of community integration. Several speakers described positive experiences in competitive or community jobs, while others recounted being underused, fired without explanation, or paid by piece rate or minimum wage in sheltered or enclave settings. Many emphasized that fair pay, independence, ABLE accounts, and supportive employers matter to them, and several said they want future careers, promotions, or even to own businesses and help others with disabilities find work. Task force members discussed recurring themes from the testimony: transportation as a major barrier, the importance of community and self-advocacy, employer misconceptions and stigma, the need for better transition services from school to work, and the difficulty families face navigating benefits and employment systems. Members also raised concerns about people being fired without explanation and about the need for meaningful options for those not ready for competitive employment. Suggestions included more employer education, reverse job fairs, job coaching, benefits planning, better coordination between DDS and DRS, and stronger transition supports in schools and through programs like Project SEARCH. Staff then presented research on how other states have phased out or eliminated 14(c) certificates. Examples included Kansas, Illinois, Indiana, Oregon, Pennsylvania, and Washington, with common approaches such as phase-out timelines, technical assistance, provider transition plans, and support for competitive integrated employment. The presenters noted that Oklahoma still has 40 entities using 14(c), most of them DDS providers, but many providers are already moving away from it. Members discussed potential unintended consequences, the need for a clear timeline, the possibility of blending or braiding services, and whether Oklahoma should create a more one-stop, employer-friendly system. No votes were taken, and the group agreed to continue gathering information and return in June to begin shaping priorities and possible policy directions.
ID
Transcript Highlights:
  • And so if we could schedule another meeting when CMS comes to Idaho, and in the meantime, we'll get information
  • Just kind of keep that tentatively on your schedules.
Summary: The Rural Health Transformation Committee met to receive an overview from Department of Health and Welfare Director Juliet Sharon on Idaho’s Rural Health Transformation Program, created under the federal One Big Beautiful Bill Act. Sharon explained the $50 billion federal program, Idaho’s application timeline, the state’s ranking and award amount, and the five broad initiative areas in the approved plan: technology and access, innovative care models, workforce development, chronic disease and behavioral health, and rural infrastructure/partnerships. She emphasized that the funding is tightly overseen by CMS, with required reporting, compliance checks, sustainability plans, and the risk of losing funds if Idaho does not obligate money or meet milestones on time. She also outlined the state’s plan to hire a 12-person temporary team and to use a mix of RFPs and competitive subgrants, with monthly reporting to the committee and a shared information space to track solicitations, rubrics, and awards. Committee members questioned several parts of the plan, especially scope-of-practice issues tied to the application, the use of telehealth funding, workforce retention, and the survey process used to shape the application. Representative Tanner asked whether the state could continue pursuing scope changes for dental hygienists and physician assistants and whether legislative action could affect funding outcomes; Sharon said the state would continue to evaluate those policies, but that compliance, timely spending, and performance would be the main factors affecting funding. Representative Healy raised concerns about the survey’s heavy use of “other” responses and about telehealth spending, arguing some telehealth uses may not be practical for specialty care. Representative Manwaring requested a shared drive for real-time data and asked for raw survey results and dollar-based funding caps. Sharon agreed to provide follow-up information, including survey data and additional details on funding limits. Chris Jones of Catalyst Policy Group then presented broader policy observations and examples from other states. He praised Idaho’s application, urged the committee to keep the focus on patient-centered rural access, and highlighted ideas such as community health workers, remote patient monitoring, rural training pipelines, value-based care networks, and telehealth models that reduce staffing needs and improve sustainability. He also cautioned against relying on social determinants of health funding, noted the importance of rural training and partnerships, and praised Idaho’s 3.5% tribal set-aside. The committee ended by agreeing to set up a shared information hub with LSO, to expect follow-up materials and possible solicitation drafts soon, and to tentatively plan its next meeting around CMS’s Idaho visit on May 28.
MO

Missouri 2026 Regular Session

Higher Education and Workforce Development Apr 7th, 2026

Higher Education and Workforce Development

Transcript Highlights:
  • That building is scheduled to open in August on the first floor of that facility.
  • It's going to house... ...scheduled to open in August on the first floor of that facility.
Summary: The Committee on Higher Education and Workforce Development heard two bills. House Bill 3221, sponsored by Rep. Castile, would bar state funds from supporting higher education degree programs that the federal government designates as low-earning, with the Coordinating Board for Higher Education reviewing the federal list and reporting impacts. The sponsor framed it as taxpayer accountability and return on investment, while many committee members and witnesses argued it was premature, lacked data, and could harm essential but lower-paid fields such as education, social work, early childhood education, counseling, and the arts. Supporters said the bill would mirror federal policy and affect only a small number of programs; opponents warned it could discourage universities from offering needed programs and would not account for long-term career outcomes or transferable skills. No vote was taken, and the sponsor said the bill was still a work in progress. Testimony in support of HB 3221 came from a lobbyist for FGA Action and others who said federal law is already moving in this direction and cited a small number of affected programs. Opposition came from representatives of independent colleges, community colleges, and other witnesses who said the federal rules are still being developed, the earnings test is based on a limited snapshot, and some low-wage programs serve important workforce needs or lead to later advancement. Several members asked for more information on the federal list, the number and demographics of affected students, and possible unintended consequences for rural schools and workforce development. The committee then heard House Bill 3416, sponsored by Rep. Bosley, which would create the Strengthening HBCUs Fund and direct a portion of gaming and classroom trust revenues to Lincoln University and Harris-Stowe State University for capital improvements and related support. The sponsor said the bill is intended to address historic underfunding of HBCUs and align Missouri with similar efforts in other states and at the federal level. Lincoln University President John Mosley testified in support, describing recent growth, major campus projects, and the need for additional infrastructure funding without increasing debt. Committee members asked about the funding amounts, whether Lincoln receives any special state support, and how the money would be distributed. No opposition testimony was heard, and the committee adjourned after the HB 3416 hearing without taking a vote.
CA

California 2025-2026 Regular Session

Assembly Judiciary Committee Mar 24th, 2026

Transcript Highlights:
  • At 19 years old, my biggest worries should have been planning my college schedule and the career path
  • At 19 years old, my biggest worries should have been planning my college schedule and the career path
Summary: The Assembly Judiciary Committee heard several bills focused largely on legal ethics, access to justice, public notice, water-rights notice, and protections for vulnerable people. AB 2305 would bar corporate investors such as private equity and hedge funds from directing or influencing litigation decisions; it was supported by the Consumer Attorneys of California and others, with the Civil Justice Association of California supporting if amended to add disclosure requirements. AB 2039 would tighten discipline for attorney misconduct, protect whistleblowers inside law firms, and restrict certain client-loan arrangements; it drew support from consumer attorneys and a support-if-amended position from CJA. AB 2109 would require the State Bar to adopt the National Conference of Bar Examiners’ Universal Bar Exam after the troubled February 2025 California bar exam; members discussed the need for broader review and possible reciprocity, but supported moving the bill forward. The committee also advanced AB 2115, which would issue a formal legislative apology to California Native peoples for the state’s role in historic violence and dispossession, with strong support from tribal leaders and Native organizations. Members spoke at length about the need for acknowledgment, healing, and a Capitol plaque memorializing the apology. AB 2179 would expand electronic filing and remote appearance options to workplace violence restraining orders, aligning them with other protective order procedures; it received support from local governments, prosecutors, labor groups, and advocacy organizations. AB 2534 would allow restraining orders based on forced marriage or attempts to compel marriage, and the committee heard powerful testimony from a survivor and support from family violence advocates. Two other measures addressed notice and transparency. AB 2323 would modernize public notice by keeping print publication as the legal standard while requiring online availability, with supporters emphasizing access, archival value, and the role of community newspapers; a special districts group opposed unless amended. AB 2125 would require courts in water-rights adjudications to consider proof of notice and receipts before proceeding, prompted by testimony from Ventura County farmers who said they lost water allocations without adequate notice. The committee approved the bills it heard, including several on consent, and later took roll-call votes to move the measures forward, generally sending them to Appropriations or to the floor as noted.
LA
Transcript Highlights:
  • Our schedule is very packed from this committee... Go ahead.
  • Representative Riser and Representative Landry, our schedule is very packed for this committee.
Summary: The committee first adopted the 2025 minutes, then took up House Bill 727, which would allow burning untreated, unpainted dimensional lumber such as two-by-fours. The bill was presented as a narrow exemption to existing restrictions on burning construction debris, and it was reported favorable without objection. Members then heard from DEQ Secretary Courtney Burdett on House Bill 697, the department’s sunset/recreation bill. She outlined DEQ’s work on permit modernization, interagency coordination, field inspections, spill response, criminal investigations, environmental education, and small business assistance. Members raised issues including a large waste-tire site, an oil spill response, and a stormwater discharge issue at Smitties. The committee praised DEQ’s responsiveness and reported the bill favorable without objection. House Bill 758, dealing with DEQ fees, was then considered. The bill and amendment package would update and increase various permit and program fees, add annual or biennial CPI-based adjustments, and remove outdated provisions, with the stated goal of aligning revenues with expenditures and reducing reliance on the state general fund. Several industry and landowner groups supported the measure, and the committee adopted the amendment and reported the bill favorable. The committee also advanced House Bill 726, which increases penalties for abandoning vessels and related gross littering. Members discussed how abandoned boats are identified, owner notice procedures, registration versus title issues, hurricane-related losses, and protections for older or distressed owners. Wildlife and Fisheries said the bill targets intentional dumping and that existing law allows case-by-case discretion for true hardship situations. The bill was reported favorable. House Bill 756, concerning personal watercraft, was also reported favorable after testimony that it would require reasonable suspicion for vessel stops, align state rules more closely with federal boating safety standards, and update provisions on accident reporting and inflatable PFDs. Finally, the committee considered House Bill 767, which creates recreational alligator hunting license and lottery fees contingent on separate legislation authorizing the season. Supporters said the measure would help create a recreational opportunity while generating conservation funding, but landowners and commercial harvesters warned the fee may be too low, the proposal may be moving too quickly, and recreational harvest could affect commercial operations and landowner interests. After extensive discussion, the committee adopted an amendment and reported the bill favorable. House Bill 964, authorizing a state property transfer in Caddo Parish, was also reported favorable, and the meeting adjourned.
LA

Louisiana 2026 Regular Session

Natural Resources and Environment Mar 24th, 2026

Natural Resources & Environment

Transcript Highlights:
  • Our schedule is very packed from this committee... Go ahead.
  • Representative Riser and Representative Domangue, that we—our schedule is very packed for this committee
CA
Transcript Highlights:
  • We'll schedule a meeting with them. Thank you for that question.
  • I think some of the elements that... ...other work schedule looks like.
CA
Transcript Highlights:
  • We'll schedule a meeting with them. Thank you for that question.
  • Californian has the same needs based on where they live, based on what their nine-to-five or other work schedule
Summary: The Senate Budget Subcommittee No. 2 on Resources, Environmental Protection and Energy heard department budget overviews and several budget change proposals from CalRecycle, CalEPA, and DTSC. CalRecycle presented its 2026-27 budget and discussed priorities including edible food recovery, composting, beverage container recycling, and landfill response. Members asked about funding for food recovery grants, processing fees for wine and spirits containers under SB 1013, plastic packaging generation under SB 54, restaurant food waste requirements under SB 1383, and litter cleanup efforts. CalRecycle said edible food recovery has helped recover more than 300 million meals, but there is no sustained funding source; it also explained that beverage container processing fees are set by statute and that new producer responsibility and infrastructure investments are intended to improve recycling rates over time. The committee then heard CalEPA’s overview, including the agency’s response to climate, air quality, water, toxics, and enforcement challenges. Secretary Garcia emphasized federal rollbacks, methane monitoring, AB 617 implementation, safe drinking water progress, Exide cleanup, and pesticide reduction efforts. Members questioned the agency about regional gasoline blends, authority and technical thresholds for landfill intervention, and the growth in the Secretary’s office staffing and budget. CalEPA said the budget increase reflects expanded coordination, technology modernization, hazardous materials response, and legal capacity. The committee also discussed a proposed landfill support, response, and enforcement package for subsurface elevated temperature events, with CalEPA describing a coordinated multi-agency approach and the need for stronger early response tools. DTSC presented its department overview and several BCPs. Director Butler highlighted progress on permit backlog reduction, safer consumer products rulemaking, Exide cleanup, PFAS work, and planning for emerging waste streams such as solar panels and lithium batteries. The Board of Environmental Safety described its oversight role, public meetings, permit appeals, and fee-setting authority, and identified community concerns about cumulative impacts, hazardous waste planning, accessible data, and engagement. The committee also heard a proposal to expand DTSC’s Office of Policy into a statewide planning division to implement hazardous waste management plan recommendations and improve reporting systems. Members raised concerns about whether the new division duplicated existing work, but DTSC said it would fill identified gaps and improve coordination. Public testimony largely supported the proposals, especially ongoing funding for edible food recovery, composting, safer consumer products enforcement, and the coordinated landfill response package. Witnesses from StopWaste, California Against Waste, Waste Management, Breast Cancer Prevention Partners, and water advocacy groups urged continued or increased funding for these programs. No votes were taken; the chair held all items open and adjourned the hearing after public comment.
CA

California 2025-2026 Regular Session

Assembly Higher Education Committee Mar 17th, 2026

Higher Education

Transcript Highlights:
  • a very valid point, and I would support across-the-board no salary increases in terms of the pay schedule
  • We don't have any scheduled raises. And we keep the CSU running. And yeah, I love my professors.
AZ

Arizona 2026 Regular Session

03/10/2026 - House Floor Session

Arizona House Floor Meeting

Transcript Highlights:
  • technology building at Mesa Community College, a project... ...a project exceeding $25 million and scheduled
  • You have to schedule an appointment to go to an urgent care.
Summary: The House opened with prayer, the Pledge of Allegiance, approval of the prior journal, and several guest introductions and proclamations, including a proclamation designating March 10 as Cade’s Day in honor of Cade Keller and suicide prevention efforts. Members also welcomed guests from schools, cities, and medical and advocacy groups, and the clerk announced committee assignments and bill referrals. The chamber then moved through committee-of-the-whole action on several bills. HB 2946 and HB 4018 were amended and given do pass recommendations. In a later committee-of-the-whole, HB 2083, HB 2308, HB 2388, and HB 2389 were considered; HB 2083, HB 2308, and HB 2388 received do pass recommendations as amended, while HB 2389 drew debate over environmental review for power plants, with supporters arguing it would lower energy costs and opponents saying it weakened oversight. The House also retained HB 4030 and HCR 2052 on the calendar. The House then took up third-reading votes on a long list of measures. Bills that passed included HB 2047 on forcible entry and detainer, HB 2127 on special license plates, HB 2344 on the local government investment pool, HB 2371 on dissolution of marriage, HB 2140 and HB 2620 on financial institutions and veterans services, HB 2429 on short-term rentals, HB 2434 on the prescription monitoring program, HB 2437 on emergency medical services, HB 2444 on pharmacy-based testing and treatment, HB 2573 on DUI-related psychotherapy treatment, HB 2601 on state highways and routes, HB 2781 on solar energy power plants, HB 2914 on cameras in long-term care rooms, HB 2968 on evidence in child custody proceedings, HB 4043 on public schools, HB 4064 on municipal improvement districts, HB 4130 on local government budgets, and HCM 2016 renaming a stretch of U.S. Route 191 as Chief Barbonsito Highway. HB 2726 on sleep apnea treatment failed, and HB 2123 failed on reconsideration after a close vote. Several votes featured debate over housing, energy, veterans’ services, pharmacy scope, family-court evidence rules, and the balance between local control and state oversight. The session ended with committee announcements for the following week, personal privilege remarks, and a motion to adjourn until 1:15 p.m. on Wednesday, March 11, 2026, which was adopted.
AZ

Arizona 2026 Regular Session

03/10/2026 - House Floor Session

Arizona House Floor Meeting

Transcript Highlights:
  • Building at Mesa Community College, a project exceeding $25 million, and scheduled to break ground in
  • You have to schedule an appointment to go to an urgent care.
ID

Idaho 2026 Regular Session

Legislative Session Day 57 Mar 9th, 2026

Idaho Senate Floor Meeting

Transcript Highlights:
  • patients report that when they have attempted to pursue a directed or autologous donation for a scheduled
  • patients report that when they have attempted to pursue a directed or autologous donation for a scheduled
OK

Oklahoma 2026 Regular Session

Rules 2ND REVISED Mar 4th, 2026

Rules

Transcript Highlights:
  • directors are doing and to do it in a systematic manner by sunsetting a percentage of the rules on a scheduled
  • Sunsetting a percentage of the rules on a scheduled basis.
Committee: Senate Rules
Summary: The Senate Rules Committee met and first laid over Senate Bill 2133 and skipped several bills because the Pro Tem and Senator Hall were not present. The committee then took up Senate Bill 1552, which would expand an option for very large counties to adopt local charters; an amendment was adopted to raise the population thresholds so the bill would apply only to future growth. After discussion that the measure was optional and not a mandate, the bill passed 12-7. The committee also passed SJR 39, a proposed constitutional amendment to lower the cap on annual increases in property tax assessed value from 3% to 1% for homestead and agricultural property and from 5% to 3% for other property, despite opposition that it would worsen funding pressures and create inequities between long-term owners and new buyers. SJR 47, moving voter ID requirements into the Constitution, and SJR 48, changing how the state handles ad valorem reimbursement for tax-incentive projects, both passed 16-2. The committee next passed Senate Bill 1491, which requires replacement presidential electors to take the same oath as the original slate, and Senate Bill 2174, which changes the membership mix of the State Fire Marshal Commission to include more business-oriented voices; both measures drew little opposition and passed overwhelmingly. Senate Bill 1877 also passed unanimously; it creates a centralized reporting system for 510 reports, with members noting it should have no fiscal impact because an existing state filing system would be used. House Joint Resolution 1024, which revises the Judicial Nominating Commission by removing certain lawyer/non-lawyer and party-balance restrictions and capping service at 12 consecutive years, passed after significant debate over judicial independence and political influence. The committee then approved Senate Bill 2040, which updates the Tulsa Reconciliation Education Scholarship Program by simplifying eligibility rules, changing the income cap to $128,000 and indexing it to inflation, and clarifying that unused funds may still be used for room, board, and books; supporters said it preserves a long-standing scholarship with no fiscal impact. Senate Bill 1316 passed 17-1 and would require agencies to periodically sunset a percentage of administrative rules, though the author said he may lengthen the cycle after reviewing other states’ models. Senate Bill 1679, the Preserving Oklahoma Values Act, passed 16-2 after debate over its references to foreign law and Judeo-Christian Western values; supporters said it protects due process and equal protection, while opponents warned it could marginalize other faith traditions and create legal uncertainty. Finally, the committee passed Senate Bill 227, clarifying which oil and gas facilities are exempt from ad valorem tax and ensuring flow lines, gathering lines, and injection wells are treated consistently; Senate Bill 2153, directing state agencies to use the terms Judea and Samaria instead of West Bank in official documents; and Senate Bill 2180, a transparency measure on foreign lobbying that was amended before passing 17-0. The meeting then adjourned.
FL

Florida 2026 Regular Session

Ethics and Elections Feb 23rd, 2026

Ethics and Elections

Transcript Highlights:
  • John Lattel listed under tab 25 is temporarily postponed due to a scheduling conflict, and we're also
  • would have done it either before, like the months prior, the months after; that was always on the schedule
Summary: The committee met to consider a large slate of appointments, with the main discussion centered on the confirmation of Chavon Harris as Secretary of the Agency for Health Care Administration (AHCA). Harris testified about her background in state service and outlined agency priorities including Medicaid financial accountability, transparency, managed care oversight, behavioral health redesign, rural health access, workforce recruitment, and use of technology and AI. Senators questioned her extensively about the Hope Florida/Medicaid settlement controversy, opioid settlement-funded advertising campaigns tied to marijuana prevention and the 2024 Amendment 3 election, public records compliance, abortion reporting and enforcement under the Heartbeat Protection Act, managed care denials, value-based purchasing, and Medicaid funding pressures. After debate, the committee voted to recommend her confirmation, with Senator Polsky voting no. The committee then considered Anna Ortega and Robert Payne for the Florida Public Service Commission. Ortega, a current PSC commissioner and former staff advisor, discussed utility regulation, data center load issues, ratepayer protections, transparency in PSC decisions, and lessons from other states. Payne, a former legislator and longtime utility co-op employee, emphasized his technical background and the need to balance utility returns with consumer affordability. Both nominees were confirmed by unanimous or near-unanimous votes and recommended favorably to the full Senate. Next, the committee heard from Jeffrey Aaron for reappointment to the Public Employees Relations Commission. Aaron described PERC’s role in public-sector labor disputes and said his work had been upheld in appellate courts without reversal. Senators questioned him about his law firm’s state contracts, his role as chairman of Attorney General James Uthmeier’s PAC, and his connection to the Hope Florida Foundation matter; he declined to discuss the pending investigation. Public testimony included opposition from Florida Voice for the Unborn. The committee nevertheless recommended his confirmation, with several no votes. Finally, the committee approved the remaining appointees on tabs 5 through 46 in a single vote, postponing Dr. John Littell and DCF Secretary Hatch, and then adjourned.
ID

Idaho 2026 Regular Session

State Affairs - 2026-02-23

State Affairs

Transcript Highlights:
  • We have had them, and we have a meeting scheduled for this week with them, but yes, we have been trying
  • Chairman, Representative Boyle, we have and we were trying to, we have had them, and we have a meeting scheduled
Committee: House State Affairs
WA

Washington 2025-2026 Regular Session

Senate Housing Feb 20th, 2026 at 10:30 am

Housing

Transcript Highlights:
  • We have four bills scheduled for public hearing and five bills scheduled for executive session.
Bills: HB2304 , SGA9280 , SGA9281
Committee: Senate Housing
WA

Washington 2025-2026 Regular Session

House Health Care & Wellness Feb 20th, 2026 at 08:00 am

Health Care & Wellness

Transcript Highlights:
  • We'll just go ahead and brief all the bills that we got scheduled for the exec from the top. Mr.
  • We'll just go ahead and brief all the bills that we got scheduled for the exec from the top. Mr.
Bills: SB5877 , SB5904 , SB5988
WA

Washington 2025-2026 Regular Session

Senate Housing Feb 20th, 2026

Transcript Highlights:
  • We have four bills scheduled for public hearing and five bills scheduled for executive session.
Summary: The Senate Housing Committee held public hearings on four bills and then took executive action on several measures and two gubernatorial appointments. At the start, the committee waived the five-day notice rule for Substitute House Bill 2354, Engrossed Substitute House Bill 2266, and Second Substitute House Bill 2590. The committee also heard public testimony on House Bill 1859, which would expand affordable housing on property owned by religious organizations by lowering the affordability threshold needed to qualify for a density bonus. Supporters, including the sponsor, faith leaders, and local officials, said the current 100% affordability requirement has made projects difficult to finance and that the bill would better unlock underused church land for housing. The committee then heard Engrossed Substitute House Bill 2266, which would further standardize where and how permanent supportive housing, transitional housing, indoor emergency housing, and shelters can be sited, while limiting local barriers and allowing some negotiated conditions near schools or when local governments provide significant support. The sponsor and supporters from King County, housing providers, the Attorney General’s office, disability advocates, medical professionals, and others argued the bill would reduce discriminatory or inconsistent local siting rules and expand needed housing. Some local government representatives supported the bill but asked for additional amendments to preserve local flexibility, require on-site contacts, and clarify how operating conditions and funding agreements would work. The committee also heard House Bill 2590, which would revise rules for limited equity cooperatives so they can better function as a long-term affordable homeownership model and remain exempt from certain Washington Uniform Common Interest Ownership Act requirements. Supporters said the bill would help preserve manufactured housing communities and other cooperative housing while maintaining affordability and oversight. House Bill 2354, a trailer bill to WACOIA, would make technical changes affecting common interest communities, including EV charging and heat pump cost responsibility, reserve studies, and audit thresholds; the Washington State Community Association’s Institute testified in support. In executive session, the committee confirmed gubernatorial appointments Aaron T. McGrath and Ann T. Malone and voted do-pass recommendations for EHB 1687, SHB 2269, and HB 2304, all subject to signatures.
CA
Transcript Highlights:
  • and we really appreciate the Controller and the Controller's Office taking time out of their busy schedule
  • We really appreciate the controller Cohen taking time over our visitary schedule to share some updates
Summary: The Assembly Banking and Finance Committee held an informational hearing on digital asset innovation, with opening remarks framing cryptocurrencies, blockchain, stablecoins, tokenization, and decentralized finance as a growing part of the financial system. Dennis Porter of Satoshi Action Fund presented on the market size, institutional adoption, use cases such as remittances and small-business payments, and policy developments at the federal and state levels. He also discussed risks including volatility, cybersecurity, and illicit use, while arguing that clear regulation can support innovation and consumer protection. State Controller Malia Cohen then updated the committee on implementation of SB 822, California’s unclaimed digital asset law. She explained that the law applies to custodial accounts, not self-custodied wallets, and requires holders to conduct outreach before dormant digital assets are transferred to the state in native form. Committee discussion focused on how abandonment is determined, what counts as account activity, the expected timeline for notices and custodian procurement, and the administrative costs and staffing needed to run the program. Controller staff said the state is still building procedures, working with Oregon, and expects a significant increase in claims once the program is operational. Porter returned with a proposal for a California digital asset reserve fund built on unclaimed digital assets under SB 822. He argued the fund could be cost-neutral, use only high-quality digital assets, and include guardrails such as an advisory board, audits, and public reporting. Committee members expressed interest in diversification and consumer protection, but also raised concerns about volatility, documentation, and market downturns. The hearing ended after public comment from industry and advocacy representatives, including support from the California Blockchain Advocacy Coalition, the Crypto Council for Innovation, and Coinbase, all urging clear, technology-neutral policy to keep innovation and jobs in California.
CA

California 2025-2026 Regular Session

Assembly Banking and Finance Committee Feb 18th, 2026

Banking and Finance

Transcript Highlights:
  • stand in support of that, and we really appreciate Controller Cohen taking time out of our busy schedule
  • We really appreciate the controller Cohen taking time over our visitary schedule to share some updates