Video & Transcript Research : 'asset limits'
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CA
California 2025-2026 Regular Session
Assembly Labor and Employment Committee Apr 29th, 2026
Labor and Employment
Transcript Highlights:
- Judgment enforcement can mean specifically using legal tools to seize assets or to seize income.
- You can also require employers to get a bond so that there's just an asset, a tangible asset there.
- assets or businesses to new entities to evade debt.
- assets or businesses to new entities to evade debt.
- It did prevent the state from securing the assets for the larger group of workers.
Summary:
The Assembly Committee on Labor and Employment held a review hearing on SB 588, the 2015 wage theft enforcement law, focusing on whether its tools are working and what additional authority or resources may be needed. Committee members emphasized that wage theft is a major and under-enforced form of theft in California, citing large backlogs in wage claims and long delays that often leave workers unpaid even after winning judgments.
Panelists from UCLA, worker advocacy organizations, and legal aid described SB 588’s enforcement tools, including liens, levies, stop orders, successor and individual liability, and priority in bankruptcy. They said the law has improved collections and settlement leverage, especially in industries like janitorial services and property services, where client companies and contractors can be held jointly responsible. Several examples were discussed, including cases involving Tesla, Cheesecake Factory, Optum, and Winko Foods, where the law helped secure payments or settlements for workers. At the same time, advocates argued that the prejudgment lien provisions are too limited, that care home cases remain especially difficult, and that more staffing and broader authority would improve recovery.
Workers testified about unpaid wages, long delays, retaliation fears, and the difficulty of collecting even after obtaining judgments. A home care worker described waiting years for a hearing and still not recovering money because assets had been moved or hidden. A residential care worker said caregivers are often underpaid, denied breaks, and left with little practical recourse. The Labor Commissioner reported that the agency has recovered more wages since SB 588, including through mail levies, liens, and stop orders, but said many cases involve judgment-proof employers and require intensive investigation. Public comment from a SEIU representative supported SB 588 and urged continued focus on bad actors and targeted enforcement. No vote or formal action was taken at the hearing.
NM
New Mexico 2025 Regular Session
IC - Investments and Pensions Oversight Nov 5th, 2025
Investments & Pensions Oversight Committee
Transcript Highlights:
- Our fund is up; we're up to 18.5 million in assets. Our rate of return was 9.68%.
- As I said, the assets we have on hand are currently $18.5 billion.
- That is very limiting.
- fusion technology, and we can't limit ourselves and therefore limit the success of the company by only
- We also similarly have tiny. asset classes.
ND
North Dakota 2025-2026 Regular Session
Legislative Audit and Fiscal Review Committee Mar 24th, 2026
Transcript Highlights:
- There's a summary of capital assets.
- Additions to capital assets were $136 million.
- We were limited in collecting. We talked about it.
- I mean, what about the assets? Sure.
- At the point at which that 10 years tolls, then those assets become assets of the state of North Dakota
Summary:
The committee met to receive a series of audit presentations, beginning with the statewide Annual Comprehensive Financial Report (ACFR) for fiscal year 2025. The State Auditor’s Office and OMB reported a clean, unmodified opinion for the state, with strong financial results including a $40.6 billion net position, $30.99 billion in assets, $1.81 billion in liabilities, and continued Legacy Fund growth. OMB also explained the new GASB 101 compensated-absences reporting change and discussed pension-liability fluctuations tied to discount-rate assumptions and investment performance. Members asked about how the state compares to others and about the effect of short-term commodity price swings, and OMB said the report reflects actual fiscal-year results rather than forecasts.
The committee then heard the University System audit, which also received a clean opinion but included four findings: misreporting of Strategic Investment and Improvements Fund revenue, insufficient monitoring of service organizations at CTS, NDSU, and UND, improper bank reconciliations at Dakota College of Bottineau, Dickinson State, and Williston State, and investment/cash reconciliation problems at Bismarck State College related to bond proceeds. University officials agreed with the findings and said corrective actions were underway, including internal review of bank reconciliations. Members raised questions about NDSU’s use of certificates of deposit, and university staff explained that CDs are used to earn interest on funds being accumulated for future projects.
Several other audits were presented, most with clean opinions and no findings, including the State Auditor’s Office, Workforce Safety and Insurance, Housing Finance Agency, Housing Incentive Fund, Job Service North Dakota, the Retirement and Investment Office, PERS, the Center for Distance Education, the Commission on Legal Counsel for Indigents, the Ethics Commission, and the Office of Administrative Hearings. Notable exceptions included a State Fair Association audit with an adverse opinion on the foundation component unit because its financial statements were not available for audit, and a Securities Department performance audit finding that performance-based pay increases and bonuses were issued without required evaluations. The committee also discussed the State Auditor’s future needs, including more staff capacity, data analytics, cybersecurity reviews, possible subpoena authority, independent legal counsel, and whether some audits—such as the Ethics Commission and State Fair—should be handled by independent third parties or under different statutory arrangements.
AL
Alabama 2026 1st Special Session
Alabama House County and Municipal Government Committee Feb 4th, 2026
County and Municipal Government
Transcript Highlights:
- The 89 credit unions have over 38 billion, with a B, in assets and about 301 million in net income in
- The 89 credit unions have over 38 billion, with a B, in assets and about 301 million in net income in
- The 89 credit unions have over 38 billion, with a B, in assets and about 301 million in net income in
- The 89 credit unions have over 38 billion, with a B, in assets and about 301 million in net income in
- The 89 credit unions have over 38 billion, with a B, in assets and about 301 million in net income in
NH
New Hampshire 2026 Regular Session
Fiscal Committee (02/20/2026)
Transcript Highlights:
- limits limits and<00:24:24.320>
we <00:24:24.559>will <00:24:24.720>also <00:24: - <00:27:48.000>
We assets. We validated the pricing. We assets. We validated the pricing. - validated the existence of those assets. validated the existence of those assets.
- The plans are about right now over $32 billion in assets under management.
- <00:30:04.880>
under billion dollars and assets under billion dollars and assets under management
Summary:
The Fiscal Committee met on February 20, 2026, first approving the minutes and then adopting the consent calendar as amended, with item 26045 removed for separate consideration. The committee then heard item 26045 from the Department of Health and Human Services on the Real Health Transformation Grant for Go North. HHS explained that the first-year award is $204 million, with most funds passed through to Go North and only limited administrative and audit costs retained by HHS. Members asked about staffing, procurement, the program’s spending plan, and whether future grant amounts would be fixed. HHS said Go North will administer the grants, staffing is expected to be about 20 positions, procurements will be competitive, and future awards will depend on federal review of performance and spending. The commissioner said the money is intended to create transformative changes that must be sustainable after the grant period. The committee then approved the item.
The committee next took up regular calendar item 26041 from HHS and adopted it without discussion. It also approved two adjusted items on tab 11, FIS26028 and FIS26029. Item 26027 from the Department of Transportation was adopted as well. Item 26034 from the Department of Corrections was withdrawn, and members noted that any request for new overtime money would be closely scrutinized, especially given the tight budget and the need to explain how existing salary funds were being used. Committee staff said they would follow up with Corrections on vacancy rates, available funds, and other class lines and provide answers to the committee.
The committee then received audit presentations on the state’s college savings plans, including the Unique College Investing Plan and the Fidelity Advisor 529 Plan. Auditors reported clean opinions, no material weaknesses, no audit adjustments, and no unadjusted items requiring reporting. The State Treasurer said the plans are performing well, now total more than $32 billion in assets under management, and are expected to generate about $20 million in revenue this year, with the proceeds supporting scholarship programs for low-income students. The committee placed the audits on file and released them in the usual manner. In other business, members set the next Fiscal Committee meeting for Friday, March 20, 2026, at 11:00 a.m., and then adjourned.
FL
Florida 2026 4th Special Session
January 21, 2026 - 10:00 AM
Transcript Highlights:
- It requires OIR to review and approve dividends and pledges of capital or assets from a property insurer
- Would there be age limits, certain things like ages, maybe diagnoses?
- Would there be an age limit?
- Also, maybe work with them on some limits like age, maybe diagnoses limits, so that it's not just a way
- investment limits.
Summary:
The committee met with a quorum and heard several insurance and banking bills. HB 1399, relating to property insurance affiliates, would increase Office of Insurance Regulation oversight of transactions between property insurers and affiliates, require fair-and-reasonable documentation, review of dividends and asset pledges, contract termination clauses, affiliate registration, and penalties for violations. Members from both parties generally supported the goal of transparency and accountability, though some raised concerns about costs and whether the bill would actually return money to insureds. The bill was reported favorably.
HB 427, on public adjuster contracts, would allow vulnerable adults or their legal representatives to rescind public adjuster contracts without penalty, reflecting the sponsor’s personal concerns about protecting elderly and otherwise vulnerable family members from predatory contracting. Public testimony included support from several industry and elder-law groups, while the public adjuster association warned the bill could unfairly target one profession and urged broader language. Members debated whether the bill should be expanded to cover other solicitations and whether legal representatives should be treated differently, but the bill was ultimately reported favorably.
The committee also approved HB 893, which aligns bank handling of law-firm trust accounts with Florida Supreme Court rules and supports legal aid funding, and HB 767, a transparency bill requiring insurers to provide consumers with plain-language explanations of rate increases and related factors. Members emphasized consumer education and clearer disclosures, and HB 767 passed 2-0. Later, HB 381, the Office of Financial Regulation agency bill, was amended and reported favorably; it updates financial regulation provisions including cybersecurity-related requirements, money services business rules, credit union and financial institution provisions, and fee timing. HB 777, a related public-records bill protecting nonpublic personal information submitted to OFR, was also heard and moved forward without opposition.
FL
Florida 2026 5th Special Session
Transportation Dec 9th, 2025
Transcript Highlights:
- And so the golf carts are limited on roads with speed limits of 30 miles an hour or less.
- That's just limited for cruise ships. It's an 180-foot air draft.
- We're probably limited to about 2,500 to 3,000-passenger cruise ships.
- It's always been a private industry, similar to tugboat assets. We don't have any tugboat assets.
- I think most of our ports don't have tugboat assets.
Summary:
The Transportation Committee heard SB 356 by Senator Wright, which would create an opt-in framework allowing counties and municipalities to designate certain roads for utility-terrain vehicles (UTVs) under local conditions, including driver licensing, insurance, and speed-limit restrictions below 55 mph. Senator Wright said the bill would give law enforcement clearer authority and mirror the local-option approach used for golf carts. Supporters included a retired Volusia County sheriff and county commissioner, who argued UTVs are safer than golf carts and are already being used on roads, while opponents from the Recreational Off-Highway Vehicle Association and Honda warned that UTVs are designed for off-road use, lack federal safety standards, and pose crash and tire-blowout risks on public roads. Several senators raised safety concerns, especially about speed and crash severity, but the committee ultimately voted to report SB 356 favorably.
The committee then held a lengthy discussion on seaport infrastructure and funding, beginning with a moment of silence for JaxPort COO and former FDOT employee James Bennett. FDOT presented data showing Florida’s 16 deepwater seaports generate major cargo volume, jobs, and economic impact, and described state funding programs such as FSTED, SPI, and the construction aggregate grant program. Port representatives from Port Everglades, PortMiami, Port Tampa Bay, and the Port of Palm Beach described record cargo and cruise activity, major capital projects, and the need for continued state and federal support for dredging, bulkheads, cranes, rail, and terminal expansion. Senators asked about ROI, trade shifts, intermodal connections, fuel and LNG availability, leverage and reserves, and operational risks such as flooding, sea level rise, and channel depth; port officials emphasized resiliency, private partnerships, and long-term master planning.
The committee also confirmed appointees to the Tampa Hillsborough County Expressway Authority and the Tampa Port Authority in one vote, with no objection. Finally, FDOT presented the statewide mapping programs work group report required by SB 1662, explaining that coordinated statewide use of LiDAR and aerial imagery could reduce duplication, improve emergency management and planning, and support insurance and storm-damage assessment. FDOT recommended a formal statewide coordination program, shared procurement and cost-sharing agreements, dedicated staffing, and statutory updates to Chapter 334 to support interagency agreements and recurring funding.
MN
Transcript Highlights:
- Funding for asset renewal programs that Funding for asset renewal programs that year's bonding bill.
- dollars that you gave us from asset dollars that you gave us from asset preservation<01:07:46.000
- third is the continued asset third is the continued asset preservation<01:08:56.240>
to <01 - Lastly, ongoing is the asset Lastly, ongoing is the asset preservation<01:14:33.320>
request. - I is a true asset the up today.
MN
Minnesota 2025-2026 Regular Session
Committee on Judiciary and Public Safety - 01/27/25
Judiciary and Public Safety
Transcript Highlights:
- It used to be that the limit to do that was $50,000. This would increase it to $150,000.
- It used to be that the limit to do that was $50,000. This would increase it to $150,000.
- <00:12:19.760>
of <00:12:19.920>the this would include the assets of the this would - include the assets of the revocable<00:12:20.680>
trust <00:12:21.160>and <00:12:21.320 - That's how it's all looped in to make the estate one whole between the probate assets and the trust assets
FL
Florida 2025 Regular Session
March 13, 2025 - 01:00 PM
Transcript Highlights:
- And so the banking industry has limitations on their ATM machines.
- They should be able to seize that asset back, knowing that it was fraud.
- So it allows them to hold the asset... ...adult from the scammer.
- So it allows them to hold the asset until the hearing is done and determined, you know, was it fraud,
- I cannot utilize this exploitation injunction to freeze and protect her assets if she attempts to do
Summary:
The committee met with a quorum and heard five bills. HB 1097 would rename the Florida Catastrophic Storm Center at FSU as the Florida Center for Excellence in Insurance and Risk Management, transfer the public hurricane loss projection model from FIU to FSU, and provide recurring and nonrecurring appropriations to support independent insurance research and collaboration with OIR and other universities. Members discussed university roles, model oversight, independence from industry funding, and student/workforce benefits. The bill passed favorably on a roll call vote.
HB 319 would create a regulatory framework for virtual currency kiosk businesses, requiring registration with the Office of Financial Regulation, consumer disclosures, and penalties for violations. Much of the discussion focused on fraud prevention, especially for seniors, and whether the bill should include transaction caps or stronger recovery tools; AARP supported the bill but urged additional protections. The bill passed favorably. CS/HB 385 made technical changes to the Florida Trust Code and Community Property Trust Act, including decanting, trustee claims, redemption by satisfaction, and homestead transfer treatment; an amendment conforming to the Senate version was adopted, and the bill passed favorably.
CS/HB 97 would allow service of process for exploitation injunctions against unascertainable scammers through the same communication method used to contact the victim, such as text or social media, and would let courts freeze funds temporarily while the matter is heard. Testimony from elder law practitioners and AARP supported the bill as a tool against scams, while some members raised due process and overreach concerns; the bill passed favorably. HB 839 would shorten the overpayment recovery window for claims submitted to psychologists and HMOs to match other health providers, with the goal of improving parity and access to mental health care; an amendment was adopted, and the bill passed favorably. The meeting concluded with adjournment after the final roll call votes.
NM
Transcript Highlights:
- So home, college savings accounts for kids, you know, personal assets.
- I'm going to limit it to about five people, 90 seconds. Good evening, Madam Chair.
- for physicians' personal assets while preserving accountability for malpractice.
- It's really about those personal assets. So that's why the term "natural..."
- We're going to limit it to five.
Keywords:
medical malpractice, judgments, independent providers, insurance, personal assets, settlements, healthcare, healthcare privacy, electronic medical records, reproductive health, gender-affirming care, data protection, location tracking, confidentiality, SB30, induced abortion, abortion reporting, vital statistics, public health reporting, medical records
VT
Vermont 2025-2026 Regular Session
Senate Session - 2026-05-12 - 10:00AM
Vermont Senate Floor Meeting
Transcript Highlights:
- asset limit for the shall not impose an asset limit for the purpose<02:16:09.520>
of <02:16:09.640 - limits for the federal asset or resource limits for the child's<02:18:16.639>
SSI <02:18:17.080 - Currently the asset limit is about $9,000.
- Currently the asset limit is about $9,000.
- limits could be as much as asset limits could be as much as $140,000 $140,000 $140,000 in<02:50:22.360
NH
New Hampshire 2026 Regular Session
House Health, Human Services and Elderly Affairs (02/25/2026)
Health, Human Services and Elderly Affairs
Transcript Highlights:
- asset limit in food folks are above the asset limit in food stamps<04:21:19.199>
in <04:21:19.439 - We're talking liquid assets, just cash in the bank that put them over the asset limit.
- ><04:25:40.960>
the <04:25:41.199>asset <04:25:41.600>limit. - It's that if them over the asset limit.
- So, what is the current asset limits<04:27:04.640>
and <04:27:04.880>what <04:27:05.120>
NM
New Mexico 2026 Regular Session
House - Appropriations and Finance Jan 13th, 2026 at 01:35 pm
House Appropriations & Finance
Transcript Highlights:
- And one other question, you indicated that there were some income limitations.
- Again, we're trying to be mindful about budget and revenue limitations.
- Decisions over the person and there's decision over the assets.
- And so, conservatorships are over the assets. And yes, there was in 2021, there.
- The limit on participants, Madam Chair, was.
NM
New Mexico 2025 Regular Session
House - Energy, Environment and Natural Resources Mar 1st, 2025
House Energy, Environment & Natural Resources
Transcript Highlights:
- , were good stewards of that asset, passed on an asset that was in good shape and in complete regulatory
- That asset.
- Companies, you know, they have the assets to do these.
- So, I guess the point is it didn't have an upper limit; it only had a lower limit.
- It had to be beyond the lower limit.
MN
Transcript Highlights:
- The mechanical limits flexibility.
- When a roof fails or an of these assets.
- benchmark and the upper limit. benchmark and the upper limit.
- benchmark and the upper limit. benchmark and the upper limit.
- within the 40% and 70% limits. within the 40% and 70% limits.
MN
Transcript Highlights:
- <00:05:24.560>
They're are not purely local assets. They're are not purely local assets. - Increase the dollar limitation for Section 179, basically taking that limit that you can fully expense
- limit on business interest deduction. limit on business interest deduction.
- :53.760>
for increase the dollar limitation for increase the dollar limitation for section<00: - and rehabilitation to the asset itself. and rehabilitation to the asset itself.
KY
Kentucky 2025 Regular Session
Senate Standing Committee on Economic Development, Tourism, & Labor. (2-13-25)
Transcript Highlights:
- Senator Thomas, certainly limited to three minutes up first.
- Certainly limited to three minutes. I certainly vote enthusiastically.
- Senator Thomas, certainly limited to three minutes up first.
- Certainly limited to three minutes. I certainly vote enthusiastically.
- Thomas certainly limited to three Thomas certainly limited to three minutes<00:08:59.120>
up <00
Keywords:
Meeting Start 00:00
Roll Call 00:13
SB 15 Discussion 00:45
SB 15 Vote 08:40
SB 103 Discussion 11:12
SB 103 Vote 29:49, 958, all
Summary:
The Senate Committee for Economic Development, Tourism, and Labor heard two bills. Senate Bill 15, sponsored by Sen. Amanda Bledsoe, was presented with testimony from Major League Baseball in support of exempting minor league baseball players from Kentucky wage-and-hour treatment. Witnesses said the bill would preserve the negotiated collective bargaining structure for players, avoid impractical time-tracking requirements, and keep Kentucky aligned with other states. Senators discussed minor league salary levels, the importance of baseball to Kentucky communities, and the bill’s relationship to minimum wage law. The committee then took a roll call vote and passed the bill with unanimous support from members present.
The committee next heard Senate Bill 103 from Sen. Danny Carroll, which would require the Office of Vocational Rehabilitation to adopt regulations under Chapter 13A, limit reciprocal agreements with other states until in-state provider contracts are exhausted, establish procedures for service fee memos before a new fiscal year, and require an annual report with operating and financial information. Testimony from community rehabilitation providers and disability advocates emphasized that the bill would increase transparency, protect local providers, and improve services for people with disabilities seeking competitive employment. They said Kentucky has a large disability population, that many working-age individuals with disabilities are not employed, and that better oversight could help address workforce shortages and reduce reliance on public assistance. Senators asked about the disability population, age ranges served, funding, and recent changes to provider rates and selection processes. The committee then voted to pass Senate Bill 103 unanimously.
NM
New Mexico 2025 Regular Session
IC - Legislative Finance Oct 15th, 2025
Transcript Highlights:
- With respect to providing a limited stipend of funds. $500 to incentivize licensure.
- They have different asset allocation targets.
- So, venture capital is the riskiest asset class that we are investing in.
- So that's why we're trying to ramp up our investment into those asset classes. Thank you, Mr.
- It does not make it a negative asset class.
MN
Transcript Highlights:
- Uh, the first asset would be 2.5 million acres of school trust lands.
- First, distributions are limited to net interest and dividend income, excluding capital gains from asset
- excluding capital gains from asset excluding capital gains from asset appreciation<00:27:12.640>
- However, because the constitution limits However, because the constitution limits distributions<
- Boards are right-sizing programs. governing distributions limits our governing distributions limits our
Bills:
HF3900
Keywords:
permanent school fund, school endowment fund, Minnesota constitutional amendment, school aid, public school funding, State Board of Investment, investment income, distributable amount, school districts, property taxes, income taxes, voter approval, ballot question, constitutional amendment 2026, education finance, fund perpetuity, purchasing power, trust lands, swamp lands, internal improvement land fund