Video & Transcript : 'breeding stock' :

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NM

New Mexico 2025 Regular Session

IC - Investments and Pensions Oversight Aug 13th, 2025

Investments & Pensions Oversight Committee

Transcript Highlights:
  • We are actually very well insulated from day-to-day ups and downs of the stock market.
  • Equities, this is the stocks, $135 trillion.
  • Compare that to QQ, your Q, which is the tech stocks, you know, the top seven.
  • So, they put a stock wrapper around the business.
  • You can sell it tomorrow if you want, just like you do a stock.
LA

Louisiana 2026 Regular Session

Transportation May 7th, 2026

Transportation, Highways & Public Works

Transcript Highlights:
  • The rolling stock, as I appreciated, is the buses. That's the stock, the rolling stock as we use.
  • This is the procurement of public motor vehicles and rolling stock.
  • Rolling stock has a little bit broader definition, I believe, than just buses.
  • Or... ...public motor vehicles and rolling stock.
  • Rolling stock has a little bit broader definition, I believe, than just buses.
Summary: The Senate Committee on Transportation and Public Works met with five members present and approved the April 29, 2026 minutes. The committee then heard and favorably reported several bills, including HB 1233, which lowers the contract threshold for hospital service districts to use the Seymours program for certain hospital construction projects, and HB 715, which requires aerial applicators operating from public airports to have a transponder and radio; an amendment removing language about airport use of ADS-B data for fees was adopted after sponsors said the issue would be handled in another bill. HB 999 was reported favorably to allow impoundment of out-of-state vehicles operated in Louisiana without liability insurance, and HB 692 was amended to let parishes and municipalities use group purchasing organizations, with a narrowing amendment limiting one-source procurements and assurances that local bidders would not be disadvantaged. The committee also advanced HB 511, creating a grant program for pursuit intervention technology in response to officer safety concerns, and HB 590, which would let OMV issue specialized envelopes or notices for drivers with autism or other disabilities so officers are alerted during traffic stops. HB 503 was reported favorably after a local cleanup change to a golf cart bill for Golden Meadow, and HB 655 was approved to let DOTD use cost-plus contracts for operation and maintenance of state-owned ferries. HB 748 clarified that school board-owned or leased vehicles are exempt from tolls, and HB 860 would allow fillable electronic bids for local government procurement. Later, the committee approved HB 896, a major tolling-related cleanup bill for Plaquemines Parish that addresses customer service center access, administrative fees, and exemptions, with members and local officials criticizing the toll structure and its impact on the parish. HB 1000 was reported favorably as a cleanup measure tied to highway priority program reporting and local district contract limits. HB 887 established a more consistent scoring and ranking process for Seymour projects, with an amendment to avoid conflict with changing FAA grant rules. HB 888, a cleanup bill on temporary tags, was amended with added security features and then reported favorably. HB 1086, a broad electronic title and registration modernization bill, received a lengthy amendment set but was voluntarily held over for a week so members could review the new language. The committee also advanced HB 776 to expand the Port Priority Program to larger projects, with amendments clarifying flexibility and removing private projects from the bill. HB 707 was reported favorably to let the Department of Agriculture and Forestry handle promotional activities for the liquefied petroleum gas commission through a cooperative endeavor agreement. HB 868, a farm safety bill requiring safety chains or other manufacturer-specified equipment on trailers, was reported favorably after testimony about a fatal accident and assurances it would not change engineering standards beyond existing manufacturer requirements. Finally, HB 856 was amended to authorize indefinite delivery/indefinite quantity contracting for DOTD maintenance and construction work, then reported favorably, and the committee later corrected the record on HB 856 by reconsidering and withdrawing one technical amendment set so further floor cleanup could be made. The meeting adjourned without objection.
WA

Washington 2025-2026 Regular Session

House Education Jan 19th, 2026

Transcript Highlights:
  • Stock albuterol in schools is supported by many organizations, including the American Thoracic Society
  • use the stock albuterol, they can return to class.
  • In terms of cost, there's a study from 2019 in Arizona showing that use of stock albuterol was given
  • Wendy Jones said House Bill 2360 does not require school districts to maintain stock albuterol.
  • She said providing stock albuterol in schools is effective and safe and helps reduce negative health
Summary: The House Education Committee first heard House Bill 2246, which would update school discipline rules for firearm-related violations. Committee staff explained that the bill extends existing firearm expulsion and readmission provisions to charter schools, state tribal education compact schools, the School for the Blind, the Center for Deaf and Hard of Hearing Youth, and educational service districts, and would allow governing boards to deny readmission or limit participation in activities after a firearm-related incident. Representative Lowe said the bill was prompted by a local incident and was intended to give districts more flexibility and clarity while still ensuring students continue receiving educational services. Committee members questioned how the bill interacts with constitutional rights to public education, whether it applies to imitation firearms or social media threats, and whether the school board or administration should make the initial discipline decision. OSPI testified “other,” noting concern about limiting appeals to one reconsideration and citing 48 firearm-related expulsions and 198 suspensions in 2023-24. Team Child testified in opposition, arguing the bill would make reentry harder and could unnecessarily exclude students from extracurriculars after they had served their discipline period. The public hearing on HB 2246 closed with 246 pro, 7 con, and 1 other signed in. The committee then heard House Bill 2360, which would allow public and private schools to maintain stock albuterol under a statewide standing order for use in asthma or other respiratory emergencies. Staff described the bill as authorizing trained school personnel or nurses to administer school-supplied albuterol in certain circumstances, including on school property, buses, and sanctioned excursions, with limited liability protections and a refusal option for employees not wishing to administer it. Representative Donaghy said the bill was meant to address life-threatening asthma attacks, especially when a student’s own inhaler is unavailable or when emergency response times are long. OSPI and the Washington State Nurses Association/School Nurse Organization of Washington testified in support, emphasizing the prevalence of asthma, the bill’s permissive nature, and the need for a standing order. The Department of Health had sent a letter asking to strike one section, and some witnesses raised concerns about administering albuterol to students without a prior prescription or diagnosis. Opponents, including a school nurse, argued the bill should wait until the state has clearer protocols, more training, and better staffing, and said nurses should not be asked to diagnose or medicate without physician orders. Supporters, including a pediatric pulmonologist and school nurses, said stock albuterol is safe, can prevent emergency room visits and deaths, and should be paired with parent notification and follow-up care. The public hearing on HB 2360 closed with 113 pro, 2 con, and 1 other signed in.
ID

Idaho 2026 Regular Session

Judiciary & Rules - 2026-03-23

Judiciary and Rules

Transcript Highlights:
  • Director Breed Derek from the Idaho Department of Correction.
FL
Transcript Highlights:
  • track pythons near sensitive habitats, identifying nesting locations and helping managers removed breeding
FL
Transcript Highlights:
  • Linda Stock thanked Senator Harrell for her leadership and dedication and said it is a privilege and
  • Linda Stock said her commitment to serving on the Florida Atlantic University Board of Trustees comes
  • Linda Stock said she has also worked alongside the Haitian community, raising funds and volunteering
  • Linda Stock said she is honored to help guide the next chapter if confirmed.
  • She thanked Linda Stock for being there. More about that. And that's a major step as well.
Summary: The Senate Appropriations Committee on Higher Education met to continue confirmation hearings, but the chair announced the committee would not present its budget that day and would instead roll it out the following week in coordination with House partners and Senate notice requirements. After a quorum was confirmed, the committee discussed how it would handle a large number of university board appointments, noting that some reappointments would be grouped for a block vote while others could be heard individually if members requested it. The committee then heard testimony from a series of appointees and reappointees to university boards. Florida A&M University nominees Roderick Harris, Victor Young, and Rafael Vasquez emphasized service to FAMU, student success, and support for the university’s national standing; Harris highlighted his FAMU background and faculty experience, Young cited his business and health care leadership, and Vasquez described scholarship support through his company. Florida Atlantic University appointees Linda Stock and Thomas Mersh focused on servant leadership, research growth, entrepreneurship, and FAU’s recent R1 designation and quantum computing initiatives. University of Central Florida reappointee Alex Martins discussed UCF’s preeminence goal, workforce needs, and strong nursing outcomes. The committee also heard from Florida Gulf Coast University appointees James Gris-Mall, Douglas Van Orte, Robert Rommel, Sarah Partial Perry, and reappointment Joseph Fogg, who spoke about workforce development, affordability, student success, water and nursing programs, and FGCU’s role in regional economic growth. University of South Florida reappointee Rogan Donnelly highlighted USF’s AAU status, research growth, and workforce-focused programs. Members and the chair responded positively throughout, praising the universities’ achievements and the nominees’ qualifications. At the end of the hearing, the committee voted by block on all nominees in tabs 2 through 13 and recommended them for confirmation without objection. The meeting then adjourned.
FL

Florida 2026 5th Special Session

Agriculture Jan 27th, 2026

Transcript Highlights:
  • We would not be able to stock the parts inventory if we weren't able to make a margin off of the parts
  • that we stock as a business, right?
  • , then we would no longer stock those parts because we couldn't, we wouldn't be able to afford to do
  • directly, then we would no longer stock those parts because we couldn't, we wouldn't be able to afford
  • But the parts then would not be stocked locally to the farmer.
Summary: The Agriculture Committee took up SB 806, the consumer and agricultural equipment right-to-repair bill by Senator Trumbull. Trumbull said the measure would expand repair options for portable wireless devices and farm equipment while protecting trade secrets. The committee adopted two amendments: one clarifying the bill does not apply to motor vehicles, and a technical staff amendment. Testimony was mixed: an Everglades Equipment representative opposed the bill, warning it could weaken local dealer support, reduce parts inventory, and increase downtime for farmers; the Consumer Technology Association also opposed the bill in its current form, citing concerns about a patchwork of state repair laws, private lawsuits, and inconsistent standards. The bill was reported favorably as CS for SB 806 by a roll call vote of 4-0, with Senator Rouson not voting. The committee then heard a presentation from Florida 4-H state officers Timmy Hawes, Summer Wayne, and Taylor Thigpin. They described 4-H as a youth development organization focused on citizenship and leadership, agriculture, STEM, and healthy living, serving more than 216,000 youth statewide. They highlighted personal stories about how 4-H built confidence, leadership, and entrepreneurship skills, and they outlined goals to grow participation to 300,000 youth and to invest in 4-H camps, especially Camp Cherry Lake and Camp Timpoochee, as year-round learning sites. Senators praised the program and asked questions about how youth get involved and what drives participation. Florida FFA state officers Hope Storder and Isabel Jenkins then presented on agricultural education and FFA. They explained FFA’s three-part model of classroom instruction, supervised agricultural experience, and leadership development, and noted that Florida now has more than 65,000 FFA members and that state funding has allowed all agricultural education students to participate at no cost. They emphasized agriculture’s role in feeding a growing population and discussed how technology, innovation, and urban agriculture can help meet future production needs. Senators commended the organization’s work and its role in preparing future leaders and agricultural professionals. At the end of the meeting, Senator Burton requested a group photo with the students, and the committee agreed.
MA

Massachusetts 2025-2026 Regular Session

Joint Committee on Financial Services Jun 21st, 2026 at 10:30 am

Joint Committee on Financial Services

Transcript Highlights:
  • Regardless of whether I was working on an ambulance or stocking a lab room, I relied on my paycheck to
  • The transcript then shifts to Christopher Stock, National Insurance Federation.
  • Christopher Stock continued: "...House Bill 1113, relative to public adjusters.
  • Christopher Stock continued: "...buyers. Insurers are already doing our part.
  • Stock mentioned that local P.A.s are very good actors in this space.
Summary: The Joint Committee on Financial Services held a public hearing with about 43 witnesses and a 1:00 p.m. hard stop, and the chair repeatedly asked speakers to keep testimony to three minutes. Much of the hearing focused on S. 747/H. 1336, which would extend paid family and medical leave and unemployment insurance to graduate student workers. Supporters included legislators, union leaders, graduate workers from MIT, Harvard, BU, WPI, UMass Lowell, and others, and legal advocates. They argued graduate workers perform full-time teaching and research work, pay taxes, and should not be excluded from basic safety-net benefits; several witnesses described personal hardships involving childbirth, serious illness, mental health crises, funding cuts, or fear of losing income. Testifiers also said the change would be revenue-neutral or revenue-generating and would not create major administrative burdens for universities, which already provide similar benefits to other employees. The committee also heard testimony on insurance-related bills. Christopher Stock of the Massachusetts Insurance Federation supported H. 1113 on public adjusters and H. 1345/S. 753 on flood-zone notifications for homebuyers, but opposed H. 4112, which would add a $2 surcharge on home insurance policies to fund fire cistern programs. The Metropolitan Area Planning Council strongly supported H. 1345, saying flood disclosure is needed because Massachusetts lacks statewide flood-notification requirements and flooding risks are increasing. Karen Alvarado supported H. 4352 on travel insurance, and John Fielding supported H. 1186 on pet insurance; both said the bills would create uniform regulatory frameworks and consumer protections. Rep. LeBoeuf testified for H. 4061 on workers’ compensation premium fraud, describing the bill as a transparency measure to combat fraud in construction by creating a public certificate-of-insurance database and QR-code verification system. Joe Bright of the carpenters’ union also supported H. 4061, citing fraud, misclassification, and the harm to injured workers. The hearing also included testimony on H. 4112, a bill to create a statewide fire suppression water resource fund and cistern program. Rep. Hogan and a Stowe fire chief described drought, brush fires, and the need for dedicated cisterns in communities without municipal water systems, saying the tanks provide reliable water for firefighting and are relatively low-tech once installed. Committee members asked questions about tank capacity, siting, maintenance, and funding. No votes or formal actions were taken during the hearing.
MN

Minnesota 2025-2026 Regular Session

Minnesota Sustainable Foraging Task Force 10/8/25

Minnesota House Floor Meeting

Transcript Highlights:
  • They're, they're pretty—I mean, you breed them for aggressiveness because, uh, you want yield.
  • And uh, if private people want to go out there and pick these things and and we we take a lot of stock
  • 07.280><c> of</c> these things and and we we take a lot of these things and and we we take a lot of stock
  • 36:09.199><c> more</c><01:36:09.360><c> than</c><01:36:09.520><c> I</c><01:36:09.679><c> would</c> stock
  • in in state land more than I would stock in in state land more than I would like<01:36:09.920><c> to
MA

Massachusetts 2025-2026 Regular Session

Combatting Antisemitism Jun 21st, 2026 at 01:00 pm

Transcript Highlights:
  • That breeds families. People have to live in their golden years away from their families, right?
  • But Rofay is addressing this in a very systemic way by stocking meals, running new meals, and packing
Summary: The meeting focused on the commission’s work addressing antisemitism in Massachusetts, including security, education, victim services, and legal responses. A major presentation came from former federal prosecutor Eric O’Sham, who described the 2018 Tree of Life synagogue shooting in Pittsburgh, the attack’s planning and execution, the 11 victims killed, the defendant’s white supremacist and antisemitic online activity, the federal prosecution, and the long aftermath for the victim community. Commissioners asked about prevention, radicalization online, security for houses of worship, and how to support victims; O’Sham emphasized the limits of law enforcement when speech is protected, the importance of public education, security grants, and victim-witness support. The commission also heard from Ariel Holman of Agudath Israel, who described a wide range of antisemitic incidents affecting Orthodox Jews, including assaults, threats, vandalism, school harassment, and zoning barriers, and urged expanded security personnel grants, mental health resources, kosher food access, and support for synagogue development. Other speakers included advocates and local officials who supported Holocaust education, the planned Boston Holocaust Museum, cemetery protection, and broader public education efforts, while some public commenters criticized the commission’s focus or raised concerns about definitions of antisemitism and free speech. The meeting concluded with approval of prior meeting minutes and the start of public comment, which was limited to three minutes per speaker due to time constraints.
TX

Texas 89th Regular

Ways & Means Mar 31st, 2025

Ways & Means

Transcript Highlights:
  • We have already talked about and announced, and we'll soon have our own Texas Stock Exchange.
  • The New York Stock Exchange, Chicago is moving here to the state of Texas.
  • These exist at the New York Stock Exchange and NASDAQ.
  • Exchanges, our competitor, the New York Stock Exchange, Texas. for business today.
  • So the stock exchanges are coming.
Committee: House Ways & Means
CA
Transcript Highlights:
  • Just like we already do with our stocks.
  • It should be handled under the unclaimed property law, just like we already do with our stocks.
  • It follows the same timeline as stocks.
  • If it was the same timeline as stocks, the state will hold the asset for 18 to 24 months, then convert
  • applies to all intangible assets, which includes all manner of financial assets, just bank accounts, stocks
Summary: The Assembly Banking and Finance Committee met and took up SB 822 by Senator Becker, which would clarify how virtual currency is treated under California’s unclaimed property law. The bill, sponsored by the State Controller, would require holders to report abandoned crypto after three years, attempt to contact owners, transfer the assets to the Controller in kind, and then have the state hold and later liquidate the assets under procedures similar to those used for stocks. The Controller’s Office testified in support, saying the measure would provide needed clarity for holders and administrators and align treatment of digital assets with existing unclaimed property rules. There was no opposition on file, and no additional support or opposition was presented at the mic. Committee members asked no substantive questions. Senator Becker closed by emphasizing that the bill modernizes the law for digital assets and protects Californians’ property rights. The committee voted SB 822 out on a due pass as amended motion to the Appropriations Committee. The roll call showed the measure passing, and the chair announced that the roll would remain open for absent members before adjourning the committee.
CA

California 2025-2026 Regular Session

Assembly Floor Session May 27th, 2026

California House Floor Meeting

Transcript Highlights:
  • billions in profits, traded on the ...over to a company that is making billions in profits, traded on the stock
  • So deprivation of resources breeds desperation, and desperation breeds necessity.
Summary: The Assembly met in session, established a quorum, approved dispensing with the previous day’s journal, and then took up a long third-reading file. Early procedural actions included moving AB 1589 to the inactive file and continuing reconsideration items. The chamber then considered a series of bills largely focused on immigration enforcement, detention, worker protections, child care, voting access, and related public services. Several immigration-related measures passed, including AB 2393 on damages for false imprisonment/arrest, AB 1994 on an immigrant victims’ rights and resources card, AB 1929 on health plan investment disclosures, AB 1633 imposing a tax on for-profit detention facilities, AB 1650 requiring decals on rental vehicles used for enforcement, AB 1655 protecting CalWORKs benefits when a child is detained, and AB 1896 disqualifying people who participated in immigration enforcement from certain public employment. AB 2230, which would bar immigration enforcement near polling places and child care facilities, also passed after extensive debate. Supporters framed these bills as accountability and protection for vulnerable communities; opponents argued they targeted federal law enforcement, were unnecessary, or raised constitutional concerns. AB 1851 on statewide school mental-health guidance also passed unanimously. After the midday recess, the Assembly returned and continued with more bills tied to immigration impacts and child welfare. AB 2379 passed with urgency, requiring child care providers to be informed of constitutional rights and trained on protections when confronted by immigration enforcement. AB 2460 passed to update school behavioral-health referral protocols for students affected by immigration enforcement trauma. AB 2495 passed to expand prohibitions on employer immigration-related threats, and AB 2662 was presented as a way for California to monitor and document federal enforcement actions and report on their community impacts. Throughout the day, the floor featured repeated exchanges over whether the bills addressed real problems or were political messaging, but the measures that came to a vote generally advanced with majority support.
CA

California 2025-2026 Regular Session

Assembly Floor Session May 27th, 2026

California House Floor Meeting

Transcript Highlights:
  • billions in profits, traded on the ...over to a company that is making billions in profits, traded on the stock
  • So deprivation of resources breeds desperation, and desperation breeds necessity.
AL

Alabama 2025 Regular Session

Alabama House Ports, Waterways & Intermodal Transit Committee Feb 12th, 2025

Ports, Waterways & Intermodal Transit

Transcript Highlights:
  • issue right now with the size distribution of fish in those chains is not the smaller size where the stocking
  • For example, if stocking 15-inch fish as opposed to 3-inch fish.
  • Sure, stocking 15-inch fish would be extremely cost prohibitive.
  • Sure, but even stocking again, whether you're stocking fry or you're stocking 3-inch or 4-inch fish,
  • So you're not trying to ban stock limits.
Bills: HB1 , HB143 , HB1 , HB92
CA
Transcript Highlights:
  • My name is Rita Cofield, and I work and volunteer in neighborhoods where the building stock is...
  • My name is Rita Cofill and I work and volunteer in neighborhoods where the building stock is, My name
  • is Rita Cofield, and I work and volunteer in neighborhoods where the building stock is often older and
  • for creating better living environments, reducing global warming, reducing the loss of our housing stock
  • The stock market has seen some of the largest decline in history because of the uncertainty.
Summary: The Assembly Revenue and Taxation Committee met with a delayed start while waiting for quorum, then heard several bills before moving to the suspense file. AB 564 by Assemblymember Haney would freeze the planned cannabis excise tax increase at 15% rather than allow it to rise to 25%; supporters argued the legal cannabis industry is struggling against the illicit market and high taxes, while opponents said the measure would reduce funding for children, youth programs, environmental restoration, and enforcement promised under Prop. 64. The bill was sent to suspense during regular order and later approved out of suspense on a 6-0 vote with amendments, including a five-year sunset and a reduced rate. AB 1265, also by Haney, would extend and expand the state historic tax credit to encourage rehabilitation of vacant historic buildings for housing and mixed-use projects; preservation and housing advocates supported it, and it was also sent to suspense rather than voted on immediately. The committee then heard AB 1377 by Assemblymember McKenna, which would require studios seeking optional diversity, equity, inclusion, and accessibility film tax credits to complete the plans they submit to the California Film Commission. Labor supporters said studios should do more than make good-faith efforts, and the bill passed 5-1 to Appropriations. AB 1416 by Vice Chair Ta would clarify disaster-related property tax deferrals for homeowners who have requested installment plans, and it passed 7-0 to the Assembly Floor. Afterward, the chair gave a general warning that the bills on suspense represented large revenue losses and emphasized the committee’s need to weigh tax expenditures against other state priorities. On the suspense file, the committee approved AB 27, AB 53, AB 97, AB 231, AB 232, AB 429, AB 613, AB 984, and AB 1485, mostly on unanimous or near-unanimous votes, while AB 547 passed 5-1. Several other bills, including AB 386, AB 389, AB 490, AB 6991, AB 814, AB 1057, AB 1219, AB 1282, AB 1354, AB 1431, AB 1435, and AB 1481, were held in committee. The meeting concluded with the committee adjourning after completing the suspense-file actions.
WA

Washington 2025-2026 Regular Session

Senate Early Learning & K-12 Education Feb 4th, 2026 at 10:30 am

Early Learning & K-12 Education

Transcript Highlights:
  • When talking with my friends, many didn't even know we could open credit cards at 18 or open a stock
  • Through this challenge, I learned how to analyze market trends and then determine whether to buy a stock
  • I knew how to play a stocks game on Google, but I couldn't tell you what a W-2 was.
  • I knew how to play a stocks game on Google, but I couldn't tell you what a W-D.
  • I knew how to play the stocks game on Google, but I couldn't tell you what a W-2 was or how to file it
NH
Transcript Highlights:
  • market, you know, a stock, a publicly traded stock is still regulated there.
  • market, you know, a stock, a publicly traded stock is still regulated there.
  • market, you know, a stock, a publicly traded stock is still regulated there. amounts and make sure that
  • </c><00:38:08.040><c> a</c><00:38:08.160><c> publicly</c> stock market you know a stock a publicly stock
  • market you know a stock a publicly traded<00:38:08.920><c> stock</c><00:38:09.680><c> is</c><00:38:09.839
Summary: The House Commerce Committee opened a public hearing on House Bill 310, sponsored by Representative Keith Ammon, which would create a study commission to develop a legal framework for stable tokens and tokenized real-world assets. Ammon described stable tokens as blockchain-based digital tokens backed by U.S. dollars or treasuries, and tokenized real-world assets as representations of ownership in items such as gold, real estate, or artwork. He said the bill is intended to help New Hampshire get ahead of emerging financial markets while waiting to see how federal legislation develops. Committee members asked about the purpose of the bill, the difference between this proposal and Bitcoin, whether state regulation could be preempted by federal law, and whether the commission could be balanced and avoid becoming a vehicle for fraud or money laundering. Ammon said the proposal is blockchain-agnostic, could apply to multiple networks, and is meant to regulate asset-backed tokens rather than create a state-issued coin. He emphasized that the state would not be guaranteeing the underlying assets, but would set rules requiring audits, proof of reserves, and honest representation of backing, with the Secretary of State’s securities office involved in oversight. Several members raised concerns about the risks of stablecoins, including money laundering, tax evasion, and possible harm to the dollar or confusion about whether the state was endorsing a new currency. Ammon responded that the bill would not undermine the dollar and argued that tokenization could actually expand demand for U.S. currency by making it easier to use globally. He also said the state would not be in the business of weighing assets or directly valuing them, only ensuring a valid audit trail and one-to-one backing. The discussion ended with general agreement that the subject is complex and that a commission could help develop future legislation, but no vote or final action was taken in the hearing.
MN

Minnesota 2025-2026 Regular Session

House Legacy Finance Committee 3/26/25

Legacy Finance

Transcript Highlights:
  • </c> considerations, stocking must continue. considerations, stocking must continue.
  • </c><01:15:00.159><c> has</c> For a variety of reasons, stocking has For a variety of reasons, stocking
  • </c><01:15:07.360><c> Stocking</c> the Great Lakes Aquarium. Stocking the Great Lakes Aquarium.
  • </c> of those fish will be used for stocking of those fish will be used for stocking in<01:19:38.560>
  • </c> stocking, how much is for the exhibit? stocking, how much is for the exhibit?
OK
Transcript Highlights:
  • then allowed them to be able to reorganize so they are wanting to move from a mutual company to a stock
  • So they're mutual, I believe they're mutual now, I'm going to a stock company.
  • A stock company is essentially owned or ran by a board of stockholders.
  • You know, that could be determined up to the policyholders, you know, if they get shares in that new stock
  • You know, that could be determined up to the policyholders, you know, if they get shares in that new stock
Summary: The House convened, called the roll, offered an invocation, and recited the Pledge of Allegiance. The chamber also handled routine business including reassignment of Senate Bills 262 and 1618 to the Rules Committee, and recognized the Doctor of the Day, Dr. Hatoum, and Nurse of the Day, Alexis Watt of Pryor. Several guest groups were introduced from the galleries, including Leadership Lawton-Fort Sill, the Grove Area Chamber of Commerce, Sooner Job Challenge, Elevate Oklahoma students, and the Antlers youth leadership group from Sapulpa. The main legislative item discussed was House Resolution 1047 by Representative Sneed concerning CompSource Mutual Insurance Company. Sneed said the resolution was intended to ensure policyholders are made whole from roughly $1 billion in reserves before any reorganization or conversion, and explained that policyholders should share in the value created by their premiums. Members asked questions about CompSource’s structure, its move from mutual to stock status, whether the resolution was binding, and whether policyholders would receive cash or stock; Sneed said the resolution expresses the will of the House and that the details would be determined by the policyholders and the company. An amendment to the resolution was adopted without objection, and the resolution itself was then adopted without objection. The remainder of the meeting consisted of announcements about committee meetings and events, including devotion, Gen Gov, Post-Secondary Education, Banking, Insurance, Public Health, Rural Caucus, and Oklahoma Film and Music Day. The floor leader then moved to adjourn, and the House adjourned until Wednesday, April 8, 2026, at 1:30 p.m.