Transcript Highlights:

• House bill by Representative Green to transfer state property in Jefferson Parish, reservation of rights
• procedures for joining a liability insurer to a final judgment and to delineate the requirements of reservation
• Representative McCormick, transfer of certain state property in Caddo Parish, property description, reservation
• Transfer of certain state property in Caddo Parish, property description, reservation of mineral rights
• transfer of certain state property in Caddo Parish, provides for property description, provides for reservation

Bills: HR72, HR73, HR74, HR75, HR76, HR77, HR78, HR79, HR80, HR81, HR82, HR83, HCR36, HCR37, HCR38, HCR39, HCR40, HCR41, HB368, HB433, HB1017, HB1018, HB1019, HB1020, HB1021, HB1022, HB1023, HB1024, HB1025, HB1026, HB1027, HB1028, HB1029, HB1030, HB1031, HB1032, HB1033, HB1034, HB1035, HB1036, HB1037, HB1038, HB1039, HB1040, HB1041, HB1042, HB1043, HB1044, HB1045, HB1046, HB1047, HB1048, HB1049, HB1050, HB1051, HB1052, HB1053, HB1054, HB1055, HB1056, HB1057, HB1058, HB1059, HB1060, HB1061, HB1062, HB1063, HB1064, HB1065, HB1066, HB1067, HB1068, HB1069, HB1070, HB1071, HB1072, HB1073, HB1074, HB1075, HB1076, HB1077, HB1078, HB1079, HB1080, HB1081, HB1082, HB1083, HB1084, HR70, HR71, HCR35, HB31, HB326, HB1013, HB1014, HB1015, HB1016, SB192, SB196, SB198, SB203, SB204, SB214, SB216, SB257, SB291, SB383, HB13, HB23, HB25, HB32, HB41, HB42, HB90, HB120, HB121, HB122, HB127, HB138, HB139, HB141, HB179, HB187, HB213, HB247, HB286, HB332, HB344, HB357, HB367, HB370, HB462, HB505, HB527, HB537, HB605, HB680, HB681, HB725, HB780, HB782, HB847, HB892, HB911, HB916, HB1012, HR15, HR20, HCR14, HB53, HB57, HB64, HB102, HB106, HB111, HB137, HB152, HB155, HB177, HB238, HB256, HB258, HB337, HB359, HB363, HB386, HB434, HB546, HB557, HB584, HB661, HB697, HB726, HB727, HB747, HB756, HB758, HB759, HB765, HB767, HB825, HB858, HB930, HB941, HB957, HB964, HB58, HB69, HB93, HB166, HB199, HB201, HB202, HB218, HB223, HB224, HB231, HB235, HB246, HB338, HB349, HB352, HB379, HB405, HB429, HB535, HB547, HB577, HB588, HB626, HB636, HB652, HB653, HB669, HB688, HB691, HB721, HB738, HB806, HB851, HB857, HB861, HB889, HB904, HB907, HB908, HB929, HB1009, HB868, HB119, HB140, HB739, HB842, HB875, HB919, HB61, HB185, HB233, HB613, HB848, HB52, HB228, HB289, HB735, HB796, HB722, HB284, HB301, HB827, HB953, HB901, HB9, HB46, HB193, HB400, HB436, HB468, HB570, HB582, HB733, HB746, HB923, HB952

Keywords: HR72, House Resolution 72, Sophia Patout, Layla Porter, St. Amant High School, Future Farmers of America, FFA, Coastal Restoration Heroes, coastal restoration, Louisiana coast, coastal land loss, wetlands, saltmarsh, barrier island, West Grand Terre Island, Restore or Retreat Inc., smooth cordgrass, Spartina alterniflora, black mangrove, Avicennia germinans

Transcript Highlights:

• received her law degree at Georgetown University in 2010 and her bachelor's degree from Case Western Reserve
• received her law degree at Georgetown University in 2010 and her bachelor's degree from Case Western Reserve
• 25:28.480><c> Western</c> bachelor's degree from Case Western bachelor's degree from Case Western Reserve
• </c> Reserve University in 2005. Reserve University in 2005.

Keywords: 927, senate, all

Transcript Highlights:

• funds will be allocated to each one of these stations so they can quit spending some of the other reserves
• because some of them are going to run out of reserves shortly, I mean, within the next year.
• funds will be allocated to each one of these stations so they can quit spending some of the other reserves
• because some of them are going to run out of reserves shortly, I mean, within the next year.
• We shuttered programs that have been fan favorites for years, and we're drawing on final reserves.

Bills: HF3455, HF3936, HF3860, HF3656, HF4060

Keywords: public television, funding, Minnesota, operations, appropriation, cybersecurity, state government, legislative commission, extension, technology, civil law enforcement, attorney general, record custody, government transparency, legal services, 1183, house

Transcript Highlights:

• And in 2027, um, we're going to um, we're going to reserve some of the money, about half of the funding
• And in 2027, um, we're going to um, we're going to reserve some of the money, about half of the funding
• we're</c><00:03:34.480><c> going</c><00:03:34.640><c> to</c> um, we're going to um, we're going to reserve
• 37.040><c> money,</c><00:03:37.280><c> about</c><00:03:37.519><c> half</c><00:03:37.680><c> of</c> reserve
• some of the money, about half of reserve some of the money, about half of the<00:03:37.920><c> funding

Keywords: 1183, house

Transcript Highlights:

• If we can work on that, I'll be yes, but I'll reserve my right to vote no on the floor. Mr.
• But if it's owned by someone off the reservation, I would rather have those dollars go back to the tribe
• But that all being said, I'm going to vote yes and reserve my right to see what comes down the road.
• to see how much money this is going to involve but that all being said I'm going to vote yes and reserve
• my right to see what comes down the road Ha ha. and reserve my right to see what comes down the road

Summary: The committee heard a presentation from Nucor Corporation on its Arizona operations, including the Kingman steel facility, recycling-based electric arc furnace production, workforce development, safety improvements, veteran hiring, and recent investments. Nucor emphasized that its Arizona materials support local infrastructure and manufacturing jobs, and members asked about scrap sources, annual tonnage recycled, average pay, safety practices, and future expansion. No formal action was taken on the presentation. The committee then considered HB 2574, which would require ADOT to hold off on enforcing a civil traffic judgment while an appeal is pending if a stay is granted. The sponsor and a witness argued the bill would close a due-process gap by preventing penalties from taking effect before appeals are resolved. The committee voted 7-0 to give HB 2574 a due pass recommendation. HB 2057, which lowers the fee for Arizona Centennial special plates on fleet vehicles and directs the fee split to administration and the Centennial Plate Fund, also passed 7-0 after discussion about possibly expanding the discount to other specialty plates. HB 2109, which raises penalties for repeat distracted-driving violations and adds an enhanced penalty when such conduct causes a motorcycle crash, drew extensive testimony and discussion. Supporters argued stronger fines are needed to change behavior and improve road safety, while members raised concerns that the bill lacked an education component and discussed possible committee-of-the-whole amendments. The committee voted 7-0 to pass the bill. HB 2317, which would bar local governments from prohibiting cruising, generated significant testimony both for and against; supporters framed cruising as a cultural practice tied to lowriding, while opponents described neighborhood congestion, blocked access, trash, and public-safety problems. The chair held HB 2317 so the sponsor and stakeholders could work on amendments. The committee also heard HB 2003, which would lower the minimum age for an instruction permit to 15 and extend permit validity and supervised-driving time for teen drivers; the sponsor argued the changes would improve safety by increasing supervised practice, but the transcript cuts off before any vote on that bill.

Transcript Highlights:

• The school district reserve caps are still not triggered anywhere in the three-year window.
• The other significant piece is the reduction in Proposition 98 reserve deposits that frees up 1.5 billion
• we think the most compelling approach would be this discretionary deposit into the Proposition 98 Reserve
• have a lot of you wouldn't have a lot of good options in twenty six seventy seven you wouldn't have reserves
• Morongo Indian Reservation of the Banning Pass.

Keywords: 988, house, all

Transcript Highlights:

• Reserve the right to close. We recognize Speaker Moody here as president. Call up. Thank you.
• At this time, I'd be happy to answer any questions, and I reserve the right to close.
• His goal, and I reserve the right to close. It sounds like he's refusing to answer my question.
• So, I'll yield now for any witnesses or reserve the right to close. Any questions for Ms. Jones?
• I reserve the right to close, and if the members have any questions, I'm willing to answer them.

Bills: HB867, HB1347, HB1801, HB1820, HB2197, HB2617, HB3110, HB3166, HB3330, HB4237, HB4342, HB4629, HB4933, HJR148

Keywords: criminal case dismissal, attorney discretion, law enforcement misconduct, judicial approval, evidence, judicial consent, transparency, healthcare, Medicare, insurance, elderly, retired, benefits, access, cost, criminal justice, case dismissal, prosecutorial discretion, law enforcement oversight, criminal procedure

Transcript Highlights:

• Direct debt financing offers loans directly to projects seeking upfront capital, and loan loss reserves
• That same entity may need support from a separate lender such as MIFA in the form of a loan loss reserve
• form of<00:13:32.120><c> a</c><00:13:32.199><c> loan</c><00:13:32.480><c> loss</c><00:13:32.920><c> Reserve
• ><00:13:33.920><c> These</c><00:13:34.079><c> funds</c><00:13:34.360><c> would</c> of a loan loss Reserve
• These funds would of a loan loss Reserve These funds would help<00:13:34.760><c> cover</c><00:13:35.199

Keywords: 1187, senate, all

Transcript Highlights:

• What I like about your bill, though, for those who may have reservations and that fear goes with them
• SB 1238 clarifies that HOA reserves are not expended on specific types of litigation that are not already
• HOAs can use reserve funds to defend themselves, but homeowners cannot.
• H.OAs can use reserve funds to defend themselves, but homeowners cannot.
• care for HOA managers toward both the board and the homeowners who fund the HOA's operations and reserves

Summary: The committee heard testimony on several bills, beginning with SB 16, which would require county behavioral health directors to create clear pathways for clinicians to be authorized to initiate 5150 involuntary holds. The author and supporters argued the bill would reduce reliance on law enforcement and create more consistent crisis response standards statewide, while county behavioral health directors opposed it as an unfunded mandate that could increase law enforcement involvement and create implementation burdens. Members raised questions about county costs and funding, but the author emphasized the bill’s role in building a more clinical response system. SB 561 would require public guardians to acknowledge conservatorship referrals, make determinations within a reasonable time, and provide status updates on request. Supporters said the bill would reduce delays that leave vulnerable adults in limbo, while the opposition from public guardian representatives was removed after amendments. SB 381 drew extensive public testimony in support; it would allow California-born adoptees, and descendants of deceased adoptees, access to original birth certificates, with a nonbinding contact preference form for birth parents. Supporters framed the bill as a matter of dignity, identity, and health, and there was no formal opposition on the record. The committee also discussed SB 880, which would give tenants and prospective owner-occupants notice and a first opportunity to make an offer when institutional investors sell certain homes. Supporters said it would expand homeownership opportunities and preserve neighborhood stability, while opponents warned about conflicts with federal law, bundled-sale restrictions, and impacts on build-to-rent and affordable housing projects. Members and the author discussed possible amendments to address those concerns. SB 1238 would impose a duty of care and additional transparency requirements on HOA managers and boards; supporters said it would protect homeowners from mismanagement, while the main opposition argued the duty should remain contractual and could increase litigation. Finally, SB 423 would require disclosure of emergency-service records related to private detention facilities, and SB 28 would make changes to the CARE Court process, including a statewide ombudsperson and expanded oversight; both drew support and opposition, with concerns focused on transparency, privacy, implementation, and the balance between treatment and coercion. SB 574, discussed at the end, would require disclosure and human oversight for AI use in courts and legal practice and create a complaint process for ADR providers, with the State Bar noting requested amendments related to complaint handling and confidentiality.

Transcript Highlights:

• In their response, they reserve the right to assess all damages back to our unit and insist that I cease
• important for the association, insurance or roof replacement, mandated structural repairs, or necessary reserve
• important for the association, insurance or roof replacement, mandated structural repairs, or necessary reserve
• 48:29.040><c> repairs,</c><00:48:29.440><c> or</c><00:48:29.680><c> necessary</c><00:48:30.480><c> reserve
• </c> structural repairs, or necessary reserve structural repairs, or necessary reserve contributions.

Keywords: 1183, house

Transcript Highlights:

• universities, public subdivisions, and special districts, to accept cash, meaning U.S. coins and Federal Reserve
• ><00:09:14.360><c> and</c><00:09:14.560><c> federal</c><00:09:14.960><c> re-</c><00:09:15.480><c> reserve
• </c> meaning US coins and federal re- reserve meaning US coins and federal re- reserve note<00:09:16.200
• And at the end of the day also recall there is the reserve account that is built into this where the
• I need to reserve that room still, so that location may change, but we'll certainly let you all know.

Keywords: 916, all

Transcript Highlights:

• northeastern Washington, Okanogan, western Ferry counties, and the center of the Colville Indian Reservation
• government and the various tribal nations contain language that guarantees certain rights will be reserved
• to tribal members both on and off reservations.
• Of this $10 maximum, $5.90 is reserved to local districts like cities, counties, and special purpose
• Gwalianoni, and I'm Superintendent of Mount Adams School District, located on the Yakima Indian Reservation

Bills: HB2675, HB2681, HB2714, HB2688, HB2481, HB2116, HB1408

Keywords: accounts, finance, business regulation, transparency, audits, cannabis, license fees, regulatory framework, revenue generation, legalization, HB 2714, caseload forecasting, food assistance, SNAP, Supplemental Nutrition Assistance Program, state food assistance, budget forecasting, caseload forecast council, caseload forecast supervisor, Washington State

Transcript Highlights:

• It’s probably worth mentioning the reason we hold those: it’s kind of a reserve fund to buy land.
• It’s probably worth mentioning the reason we hold those: it’s kind of a reserve fund to buy land.
• It’s probably worth mentioning the reason we hold those: it’s kind of a reserve fund to buy land.
• It’s probably worth mentioning the reason we hold those: it’s kind of a reserve fund to buy land.
• It’s probably worth mentioning the reason we hold those: it’s kind of a reserve fund to buy land.

Keywords: 928, house, all

Summary: The subcommittee met to review the lapse extensions in the back of House Bill 25, which governs capital budget appropriations and bonding. Members were walked through how the bill is structured: section 1 covers general, federal, and other funds; section 2 covers highway fund appropriations; later sections authorize borrowing, restrict spending to the stated purposes, and explain why community colleges and the university system operate through their boards of trustees. The chair also explained that lapse extensions are needed because capital projects can span multiple years, and that appropriations normally expire at the end of the biennium unless extended. A substantial portion of the discussion focused on how to identify unspent balances and whether they should be extended, repurposed, or allowed to lapse. Members discussed that if a project is complete or an agency confirms it no longer needs the money, the remaining balance can be reused for another project or, if not needed, lapse back. The committee also reviewed the meaning of bill references and chapter numbers, and how to read prior-year appropriations and extensions in the worksheet. One example discussed was a 2023 Department of Administrative Services courthouse generators item, and members noted that some agencies may rely on encumbered balances rather than explicit lapse extensions, though the chair said he prefers including the extension for flexibility. The committee identified at least one specific change: the Jeffrey Ringe CTE renovation was removed from the governor’s recommended budget because the required local match was not approved, freeing about $18.5 million for possible reuse. Later, the chair noted that lapse extension 49 on the worksheet was no longer needed and could be removed, leaving an unspent balance of $81,500 available for repurposing. The discussion also referenced a Department of Transportation item, Caroline Stratford Freight Rail Improvements, which the agency asked to keep alive through a lapse extension so the funds would not expire on June 30. No formal votes were taken in the portion provided.

Transcript Highlights:

• He said he has a lot of reservations about doing something now that really does not speak to all the
• He said he has a lot of reservations about doing something now that really does not speak to all the
• He said he has a lot of reservations about doing something now that really does not speak to all the
• Senator Thomas thanked the senator for the question and said, let me ease your reservations.
• Senator Thomas thanked the senator for the question and said, let me ease your reservations.

Keywords: Meeting Start: 00:01:04 Attendance Roll Call: 00:01:12 Senate Bill 3 (Sen. Wise): 00:05:28 Senate Bill 6 (Sen. Givens): 00:32:17 House Bill 241 (Rep. Truett): 00:52:18 Senate Bill 268 (Sen. Reed): 01:11:57 Adjournment: 01:24:48, 958, all

Summary: The Senate Standing Committee on Education met and first handled introductions of guests and visitors from several school districts and education groups. The committee then took up Senate Bill 3, which relates to student athletes and includes an emergency clause. The bill sponsor and invited witnesses, including athletics directors from the University of Kentucky and the University of Louisville, said the measure is intended to update Kentucky’s NIL laws in light of the House v. NCAA settlement and other national changes in college athletics. Supporters said SB 3 would let Kentucky universities directly compensate student athletes, help them secure third-party NIL deals, require reporting of deals over $600, and create guardrails and fair-market-value review to reduce pay-for-play concerns. They emphasized that the bill is meant to keep Kentucky institutions competitive, align with expected national standards, and prepare for changes expected around July 1, 2025. Witnesses also discussed the need for more uniform rules nationally, the role of the Power Four conferences in developing governance and clearinghouse systems, and the desire to preserve both athlete mobility and continuity in college sports. Several members raised concerns about the transfer portal, NIL incentives, and the broader effect on college athletics, with one senator saying NIL and the portal have damaged the sport but acknowledging Kentucky must compete. Witnesses responded that tighter portal windows and clearer national rules would help, while still preserving student-athlete transfer rights when needed. After discussion, the committee moved to a vote on SB 3; the roll call was taken, and the bill advanced out of committee, with at least one senator explaining a reluctant yes vote because of competitive pressures on the Commonwealth.

Transcript Highlights:

• Any questions or reservations? Hearing none, the measure is adopted. Okay, thank you.
• Any<00:01:30.400><c> knows</c><00:01:30.800><c> or</c><00:01:31.120><c> reservations?
• </c> Any knows or reservations? Any knows or reservations?
• wasn't on the court at that time, but that issue may come up again, and therefore I would have to reserve
• wasn't on the court at that time, but that issue may come up again, and therefore I would have to reserve

Keywords: 912, senate, all

Summary: The Judiciary Committee first took up decision-making on two judicial nominations heard the previous day. Governor’s Message 796, naming Annalisa En Bernard Lee as Circuit Court Judge for the Second Circuit (Maui County), and Governor’s Message 797, naming Michael K. Soong as Circuit Court Judge for the Fifth Circuit (Kauai), were both recommended for consent and adopted by unanimous roll-call votes. The committee then heard testimony on Governor’s Message 801, the nomination of Vladimir P. Devens as Chief Justice of the Hawaii State Supreme Court. Support came from the Governor’s office, Honolulu Prosecutor Steve Alm, Honolulu Managing Director Michael Formby, the Hawaii Association for Justice, United Public Workers, HGEA/AFL-CIO, the Hawaii Filipino Lawyers Association, labor and trade unions, retired Chief Justice Mark Recktenwald, retired judges, bar and court officials, and many other individuals and organizations. Supporters emphasized Devens’ legal experience, work ethic, labor-law background, community ties, mentorship, and ability to manage the judiciary and address the appellate backlog. A few speakers opposed the nomination, including Chuck Freedman, who raised concerns about union influence and potential conflicts, and others who submitted opposition testimony. Devens also testified, describing his Honolulu upbringing, education at UC Berkeley, six years with the police department, and more than 30 years in private practice before joining the Supreme Court. He said the chief justice role is primarily an administrative one, highlighted his experience with bar and judicial administration committees, and identified reducing the appellate backlog as a major priority. No vote was taken on GM 801 during this portion of the hearing.

Transcript Highlights:

• There's<00:41:28.840><c> some</c><00:41:29.200><c> reservation</c><00:41:30.040><c> about</c><00:41:30.960
• ><c> adding</c> There's some reservation about adding There's some reservation about adding additional
• They would have a choice to either cut their spending, draw from their reserves, okay, or otherwise get
• spending draw choice to either cut their spending draw from<00:58:50.760><c> their</c><00:58:50.920><c> reserves
• </c><00:58:52.080><c> okay</c> from their reserves okay from their reserves okay or<00:58:53.320><c>

Keywords: 927, senate, all

Transcript Highlights:

• of the $50 million, $44 million will go directly to the counties and $6 million of that would be reserved
• And this has been especially true for Native Americans living off the reservation in the Twin Cities.
• This has been especially true for Native Americans living off the reservation in the Twin Cities.
• Nearly half of Native Americans experiencing homelessness not on the reservation are in Hennepin County
• </c><00:33:56.240><c> are</c> homelessness not on the reservation are homelessness not on the reservation

Bills: HF3403, HF3410, HF3424

Keywords: HF3403, emergency rental assistance, rental aid, homelessness prevention, housing crisis, imminent risk of homelessness, eviction prevention, county aid, Tribal governments, local government aids, general fund appropriation, Minnesota revenue commissioner, poverty level, low-income housing, housing stability, family homeless prevention and assistance, emergency housing assistance, eviction, rent, redemption

Transcript Highlights:

• Um, we should be reserving that money, especially in the state of higher education, for actual higher
• Um, we should be reserving that money, especially in the state of higher education, for actual higher
• I would also recommend to Reserve that money, especially in the state of higher education, for actual
• Chairman, members of the committee, that we are here to testify without reservation that the ESNS equipment
• that the ESNS equipment used reservation that the ESNS equipment used in<00:51:49.520><c> Kentucky</

Keywords: Discussion of BR 25 (2026 RS) 04:15 Presentation on voting systems by ES&S 48:14 Presentation on voting systems by Hart InterCivic and Harp Enterprises 01:13:07, 958, all

Summary: The committee met to approve the October 21 minutes and then took up BR 25 for the 2026 regular session, a proposal relating to prohibited uses of tax dollars and public resources. The sponsors said the bill is intended to strengthen existing law by adding civil and criminal penalties for taxpayer-funded advocacy on ballot questions, especially in light of controversies during the 2024 election over school officials and districts using public resources to oppose a constitutional amendment. They also described related concerns about school districts hiring third-party lobbyists and public relations firms, particularly in Fayette County, and said the proposal was meant to keep tax dollars focused on public services rather than political persuasion. Committee members raised several concerns about scope and drafting. Some asked whether the bill should specifically mention schools, school boards, and school employees, and the sponsors said they would add that language. Others questioned whether the measure would also affect local government lobbying through groups like KLC and KCO, and the sponsors said they intended to focus narrowly on schools while exempting certain advocacy organizations and internal government lobbyists. Members also asked whether public employees could still speak as private individuals, and the sponsors said yes. Several members suggested splitting the lobbying and ballot-advocacy issues into separate bills, and the sponsors said they would consider that. Members also pressed for clarification on how the bill would apply in practice, including whether it would cover legal challenges to petition drives or only advocacy after a question is on the ballot. Counsel for the sponsors said the bill would not cover some petition-related litigation as drafted, though they believed it should. The sponsors and supporters argued the proposal was needed to give the existing prohibition real enforcement, while some members warned that the language could unintentionally limit legitimate public representation or be too broad if not carefully drafted. No final vote was taken during the discussion.

Transcript Highlights:

• thing there on the right-hand side of the slide is the warehouse where we maintain a PPE, kind of a reserve
• > kind</c><00:16:22.560><c> of</c><00:16:22.639><c> a</c><00:16:23.040><c> a</c><00:16:23.279><c> reserve
• </c> maintain a PPE um kind of a a reserve maintain a PPE um kind of a a reserve cache<00:16:24.000><
• /c><00:16:31.199><c> sits</c><00:16:31.519><c> there</c><00:16:31.600><c> in</c><00:16:31.839><c> reserve
• </c> The reserve cache sits there, and we try to rotate that out.

Keywords: 958, all

Summary: The committee met to adopt the minutes of the second meeting by voice vote, then heard an update focused on disaster preparedness, resiliency, response, and coordination among state agencies and partners. The chair emphasized avoiding duplication of resources and highlighted the importance of agriculture-related response issues, including animal evacuation, feed distribution, and the role of extension services during disasters. The Department for Public Health was invited to explain its role in emergency planning and response. Public Health described its Emergency Preparedness and Response Branch as the lead coordinating agency for Emergency Support Function 8, covering health and medical services under Kentucky’s emergency operations framework. Testimony outlined its broad responsibilities, including support for hospitals, morgues, local health departments, behavioral health, crisis counseling, suspicious package testing, disease outbreaks, and coordination with emergency management, EMS, transportation, and nonprofit and private partners. Officials also described the agency’s risk-assessment process, training and exercise programs, and deployed assets such as PPE caches, deployable communications, a federal medical station, a mobile treatment center, and alternate care support used in events like the eastern Kentucky floods and COVID-19. The agency also discussed funding through federal cooperative agreements for public health emergency preparedness and hospital preparedness, noting that these programs have evolved since 9/11 and have been shaped by major disasters and emerging threats. Officials said Kentucky’s funding has declined over time and that current awards are partially funded for the first time in the program’s history. They expressed support for efficiency if federal programs are consolidated, but cautioned that combining programs could risk further funding losses.

Transcript Highlights:

• If there's a cyber security incident, can you still make sure that if the audit says the reserves are
• If there's a cyber security incident, can you still make sure that if the audit says the reserves are
• If there's a cyber security incident, can you still make sure that if the audit says the reserves are
• <c> onetoone</c> it means to to have these like onetoone it means to to have these like onetoone reserves
• So I but I reserves and in what form.

Keywords: 1189, house, all

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