Video & Transcript Research : 'borrowers'
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TX
Transcript Highlights:
- And then would they borrow?
- And then, under Chairman Hunter's bill, next would be the borrowing.
- You would say, if needed, I would borrow this money. from the state.
- It's not like I'm gonna borrow it and hold it in reserve. If needed, I would borrow that money.
- They do have the alternative to borrow pre-event and borrow up to $500 million, and that would be a decision
Bills:
HB778, HB 1266, HB1576, HB2213, HB2517, HB2518, HB2841, HB3306, HB3320, HB3388, HB3508, HB3520, HB3689
Keywords:
credentialing, healthcare, physician assistants, advanced practice nurses, managed care, hurricane, windstorm, loss mitigation, grants, insurance discounts, property retrofitting, insurance, Texas Windstorm Insurance Association, board composition, coastal counties, property insurance, taxation, Texas FAIR Plan Association, premium taxes, maintenance taxes
MN
Minnesota 2025-2026 Regular Session
Grant for lender serving underserved entrepreneurs 3/3/26
Minnesota House Floor Meeting
Transcript Highlights:
- And so a lender may come in and just a borrower may come in and need $600,000.
- And so a lender may come in and just a borrower may come in and need $600,000.
- And because of borrower is bringing in.
- >> The grants go to the actual businesses, the borrowers.
- >> The grants go to the actual businesses, the borrowers.
Summary:
House File 2581 was presented as a request for a $1 million state investment in Fortis Capital, a Minnesota nonprofit economic development lender. The bill was described as supporting entrepreneurship and wealth-building by expanding access to capital for businesses that are underserved by traditional lending, especially in rural areas, communities of color, immigrant communities, and low-wealth areas. Testifiers argued that conventional underwriting standards leave viable businesses without financing and that Fortis provides flexible gap financing to help deals close, complementing rather than replacing banks and CDFIs.
Brian Smith, co-founder and CEO of Fortis Capital, said the organization was established in 2019 and has deployed 37 loans totaling over $4 million since 2021, leveraging an additional $29.5 million through partnerships. He said Fortis seeks to increase lending capacity, reduce risk in innovative capital structures, expand statewide partnerships, and accelerate small business growth and job creation. In response to questions, he said Fortis typically charges about 6.12% on average, has had two defaults, and operates as a revolving loan fund. He also explained that Fortis already participates in some Department of Employment and Economic Development programs, but is not eligible for certain grant programs because those grants go directly to borrowers.
Committee members asked how the proposal fits with existing state economic development efforts and whether competitive grant programs exist for this kind of work. A DED representative said he would need more detail to compare the proposal to agency programs, though he mentioned the emerging entrepreneur loan program as a possible fit. Members also discussed broader concerns about direct appropriations versus competitive grants. No public testimony was offered. Chair Frasier closed by saying the bill addresses a real need and laid House File 2581 over for possible inclusion in a budget bill.
NM
New Mexico 2025 Regular Session
IC - New Mexico Finance Authority Oversight Aug 12th, 2025
New Mexico Finance Authority Oversight Committee
Transcript Highlights:
- I would note that they were great for the borrowers, but not so great for the lenders.
- I will note that, first, the good news: 265 borrowers have paid their loan in full.
- There are 11 borrowers who currently have reported bankruptcy proceedings.
- , emailing each of the borrowers, and sending letters to each of those borrowers.
- The sooner you contact a borrower about a late payment, particularly a small business borrower, the greater
MN
Minnesota 2025 1st Special Session
Press Conference: Outlining the Impact of Eliminating the US Consumer Financial Protection Bureau Feb 21st, 2025
Transcript Highlights:
- We enhanced student loan borrower protection and much more.
- the Law act fairly and protect borrowers the Law act fairly and protect borrowers from<00:12:41.480
- The consequences for our borrowers could be immediate and severe.
- Student loan borrowers—that is it safe to say that Minnesota, because of those protections, is better
- It's really going to hurt student loan borrowers.
MN
Transcript Highlights:
- <00:46:40.480>
costs <00:46:40.800>low borrowing costs low borrowing costs low um<00:46 - >
long-term Borrowing represents a fixed long-term Borrowing represents a fixed long-term financial - , loosen standards or expand borrowing, loosen standards or expand borrowing, but<00:48:11.280>
- level of borrowing for any given year. level of borrowing for any given year.
- the the debt service like if we borrow the the debt service like if we borrow 1.2<01:10:16.960><
KY
Kentucky 2025 Regular Session
Interim Joint Committee on Education (10-14-25)
Transcript Highlights:
- grant, but a student's ability to borrow grant, but a student's ability to borrow is<00:25:30.640
- <00:31:10.399>
are students are able to or borrowers are students are able to or borrowers - 00:31:47.120>
make <00:31:47.279>their allow borrowers to to make their allow borrowers - And if 10 borrowers in the country.
- you know how much our student borrows you know how much our student borrows matters.<00:47:51.760
Keywords:
Call to Order and Roll Call: 0:00:00
Approval of Minutes: 0:01:45
Federal Education Updates 0:02:12
Dual Credit Updates: 0:43:38
Kentucky State University's Doctoral Program Request: 01:27:08
Postsecondary Accreditation: 1:49:05
Consideration of Referred Administrative Regulations: 2:14:48
Adjournment 2:16:31, 958, all
Summary:
The committee met with a quorum, approved the previous meeting minutes, and heard a presentation from Austin Reid of the National Conference of State Legislatures on education-related provisions in the federal One Big Beautiful Bill Act (H.R. 1). Reid said the law is projected to increase the federal deficit over 10 years, with major savings coming from Medicaid, student loan changes, and SNAP. He focused on how those changes could affect schools, including possible effects on free and reduced-price meal certification, state funding formulas that use SNAP as a proxy for low-income status, and Medicaid-funded school services for students with disabilities.
Reid also outlined the new federal scholarship tax credit, which gives a dollar-for-dollar credit for donations to qualifying scholarship-granting organizations. He said families up to 300% of area median income may benefit, the program begins in 2027, and states must opt in and designate eligible organizations. He noted unresolved questions about whether states can add their own criteria and said Treasury regulations will be important. He also described the expansion of 529 plans to cover more K-12 and postsecondary expenses.
On higher education, Reid explained a new workforce Pell grant option for short-term programs, with states and governors playing a role in determining eligible programs. He said the programs must meet placement, completion, and earnings measures and that implementation is expected to be tight before the July 1, 2026 effective date. He also reviewed student loan changes, including lower institutional loan limits, prorated borrowing for part-time enrollment, new caps on graduate and Parent PLUS loans, and a new earnings-based accountability standard that could make some programs ineligible for student loans if graduates earn too little. No votes were taken beyond approval of the minutes.
US
US Federal 2025-2026 Regular Session
US House Floor Proceedings (Thursday, April 23, 2026)
US Federal House Floor Meeting
Transcript Highlights:
- we will borrow 8788,000 we will borrow 8788,000 every<02:59:55.680>
second. - I think we had multiple months where we had to borrow money to pay for our borrowing.
- I think we had multiple months where we had to borrow money to pay for our borrowing.
- I think we had multiple months where we had to borrow money to pay for our borrowing.
- in borrowing. in borrowing.
CA
Transcript Highlights:
- borrowing.
- Page eight, we talk a little bit about borrowing and the challenges with borrowing, and I want to highlight
- be a pretty expensive way to borrow.
- So you're going to have to have some borrowing.
- So typically there would be a borrowing cost.
Summary:
The Senate Transportation Committee held an informational hearing on the California High-Speed Rail Authority’s 2026 draft business plan, with testimony from the authority, the Legislative Analyst’s Office, and the High-Speed Rail Inspector General. Chair Cortese framed the hearing around major changes since the 2024 plan, including a new CEO, revised scope for the Merced-to-Bakersfield initial operating segment, the loss of about $4 billion in federal funds, and the authority’s push for private investment, value capture, and public-private partnerships. The authority’s CEO said the project is now in a more disciplined phase, with most major structures in the Central Valley underway or complete, track procurement moving forward, and an updated target of revenue service for the initial operating segment by early 2033. He also highlighted cost-saving “optimization,” direct procurement of materials, and plans to pursue ancillary revenues from real estate, energy, broadband, and logistics.
Committee members pressed the authority on several issues, including proposed station relocations in Merced and Bakersfield, reduced double-tracking, the need for tax increment or other value-capture tools, utility relocation authority, permitting delays, transparency, and whether the project can still qualify as true high-speed rail. The CEO said the station locations are still under discussion with local governments, that the project will still be built to high-speed standards, and that the authority is seeking legislative changes to reduce delays and enable financing. Senators also questioned the loss of federal funds, the use of future cap-and-invest revenues, and the feasibility of private financing; the authority said the project can proceed without the withdrawn federal money but that it will keep applying for grants and exploring ways to bring future revenue forward.
LAO and the Inspector General were sharply critical of the draft plan. They said it does not fully comply with newer statutory requirements in SB 198 and AB 377, especially because it assumes a different Merced station location and a largely single-track segment without clearly identifying those as scope changes. They also said the plan omits key funding details, including borrowing costs that could total billions, and relies on assumptions about future legislative changes, financing, and project savings that may not materialize. The Inspector General said the draft plan falls short on required business-plan elements, including comparable cost estimates, a complete funding plan, and projected procurement milestones. In response, the authority committed to address the OIG’s findings in the final business plan and to provide a written response on compliance before the plan is finalized.
MN
NH
New Hampshire 2025 Regular Session
House Commerce and Consumer Affairs (01/23/2025)
Transcript Highlights:
- They borrow money using securities.
- They borrow money using securities.
- Consider first a bank that borrows.
- When the broker borrows using that collateral, it has to take what it borrows and put it in a reserve
- When the broker borrows using that collateral, it has to take what it borrows and put it in a reserve
Summary:
The committee first heard testimony on House Bill 167, which would add ski, snowboard, and boat wax containing PFAS to the state’s consumer-product restrictions. The sponsor argued the product is already banned in many places, has PFAS-free alternatives, and is used in ways that can directly contaminate water rather than landfills. She cited high PFAS levels in several New Hampshire lakes and said the bill was a simple extension of prior PFAS legislation. A witness also described a personal experience where a liquid ski wax disappeared from the market and later returned, likely because of PFAS concerns. The chair then closed the hearing on HB 167 without a vote.
The committee then opened a hearing on House Bill 312, dealing with college athletes’ name, image, and likeness (NIL) rights. Representative Moffett said the bill was modeled on New Jersey law and intended to let student-athletes earn compensation from NIL without losing institutional scholarships, while also requiring licensed representation and setting limits on certain endorsements. He described the measure as proactive because NIL rules are evolving and could create conflicts among schools and future lawsuits. Members questioned whether the bill should apply to two-year institutions, whether it should exclude firearms and weapons, and whether the scholarship protections would cover need-based or academic aid as well as athletic scholarships. Moffett said the scholarship language was intended to protect scholarships generally, but not need-based aid specifically, and he acknowledged discomfort with some of the endorsement restrictions.
Public testimony on HB 312 was mixed. One supporter, a former Division III athlete and coach, backed the bill but urged removal of a section allowing institutions or athletic bodies to use an athlete’s NIL without compensation, arguing most New Hampshire athletes do not receive NIL money and should not have to work extra jobs to cover basic expenses. The chair also raised concerns about the bill’s contractual and identity-rights implications, referencing prior committee work on a J.D. Salinger-related identity case and noting the committee had previously declined to get involved in similar contractual disputes. No vote was taken during the hearing.
US
US Federal 2025-2026 Regular Session
US House Floor Proceedings (Friday, February 7, 2025)
US Federal House Floor Meeting
Transcript Highlights:
- this year in borrowed this year in borrowed money<03:23:34.439>
if <03:23:34.560>we <03:33:39.600>- 43.960>
99.2% we're going to be borrowing around 99.2% we're going to be borrowing around 99.2%am <03:33:39.680>I borrowing nine hours of borrowing am I borrowing - 43.960>
- Every dime of defense is borrowed money. Every dime of non-defense discretionary is borrowed money.
- is borrowed money every dime of defense is borrowed money<03:40:28.640>
every <03:40:29.000>
US
US Federal 2025-2026 Regular Session
US House Floor Proceedings (Thursday, May 1, 2025)
US Federal House Floor Meeting
Transcript Highlights:
- our spending is functionally borrowed. our spending is functionally borrowed.
- borrow it. borrow it.
- we've borrowing.
- Borrowing money is a tax hike. Correct. Borrowing money is a tax hike. Correct.
- You borrow a quarter billion dollars an hour. Yeah. $250 million every hour is the borrow.
US
US Federal 2025-2026 Regular Session
US House Floor Proceedings (Tuesday, September 16, 2025)
US Federal House Floor Meeting
Transcript Highlights:
- We're borrowing— we're actually borrowing a little over this. We borrow about $6.5 billion a day.
- It's just the structural borrowing.
- Next year we're borrowing about $270 billion, $280 billion — so Sorry, we will borrow about $2.5 trillion
- But you're still borrowing $2.2 trillion.
- NEXT YEAR WE'RE BORROWING ABOUT $270 BILLION, $280 BILLION -- SO SORRY, WE WILL BORROW ABOUT $2.5 TRILLION
CA
California 2025-2026 Regular Session
Assembly Utilities and Energy Committee Jun 3rd, 2025
Transcript Highlights:
- I worry about what this will do with the long-term borrowing costs that could have ratepayer impacts.
- I wonder if there are ways to help so the utilities aren’t borrowing, and the borrowing cost isn’t so
- than a utility. cheaper for us or a public agency to borrow than a utility.
- I wonder if there are ways to help the, so the utilities aren't borrowing, the borrowing cost isn't so
- you, are there ways to bring down how much interest is paid on borrowing costs from the utilities?
Summary:
The Assembly Committee on Utilities and Energy heard two bills focused on electricity affordability and utility costs. AB 745, by Assembly Member Irwin, would restructure the California Climate Credit by shifting it from lump-sum payments to direct reductions in volumetric electricity rates and moving the credit to the summer months when bills are highest. The author and UC Santa Barbara economist Dr. Kyle Meng argued this could significantly lower summer rates and better help households during extreme heat. Supporters, including UCS, NRDC, and some labor representatives, favored the concept, with some urging that the gas climate credit also be redirected. No opposition testimony was presented, and the bill passed 18-0 to the floor.
The committee then considered AB 825, also presented as an affordability package aimed at reducing electric bills by addressing wildfire mitigation costs, transmission financing, permitting delays, and a review of ratepayer-funded programs. The bill would authorize securitization for undergrounding expenses, remove the first $15 billion in undergrounding capital investments from the rate base for return purposes, create a public transmission financing program using Proposition 4 funds and IBank support, revive the California Power Authority as a public sponsor, and establish a task force to review energy efficiency and demand response programs. The author and witness Matt Friedman of The Utility Reform Network said the bill could save ratepayers billions over time through lower-cost public financing and securitization.
Testimony on AB 825 was mixed. Support came from several consumer and clean-energy groups, while utilities and labor raised concerns about the bill’s impact on utility financial stability, wildfire fund participation, liability, and whether the $15 billion securitization cap could discourage undergrounding. Some witnesses also objected to the task force’s potential effect on energy efficiency and demand response programs. Committee members discussed the need to balance affordability with utility creditworthiness and wildfire safety, and several asked for more analysis of market impacts and liability issues. Despite those concerns, AB 825 passed the committee 13-0 and was sent to the floor.
OK
Transcript Highlights:
- against It, the city or the county actually has to do the borrowing.
- This would actually allow the developer to borrow against the proceeds of that TIF district.
- If the city or the county borrows against that TIF revenue, they're on the hook.
- The borrowing has to be done by the city or the county, and they can borrow against that future revenue
- So Could a developer bypass the municipality or the county and unilaterally borrow money? No, sir.
Keywords:
income tax, tax rates, revenue certification, Oklahoma Tax Commission, state budget, education, tax credit, school choice, private school, tuition assistance, income limits, parental choice, accreditation, insurance, taxation, premium, home office credit, healthcare, teacher tax credit, income tax credit
US
US Federal 2025-2026 Regular Session
US House Floor Proceedings (Tuesday, June 3, 2025)
US Federal House Floor Meeting
Transcript Highlights:
- . borrowed. borrowed.
- In nine years, the borrow will be twice.
- Except we, excuse me, this fine August body, we borrow the money. We're borrowing money.
- borrow the money. borrow the money.
- A state is doing We're borrowing money.
CA
California 2025-2026 Regular Session
Assembly Banking and Finance Committee Apr 28th, 2025
Banking and Finance
Transcript Highlights:
- market share of mortgage lending and the proportion of that lending to low- and moderate-income borrowers
- Specifically, mortgage banks originated 73% of loans to minority borrowers, up from 34% in 2008.
- a higher portion of their mortgage portfolio to various minority groups, low to moderate income borrowers
- The costs for servicing and origination mean that those costs will get passed down to the borrower and
- Will the state provide some guarantees or backstop loans to those hard-to-serve borrowers?
US
US Federal 2025-2026 Regular Session
US House Floor Proceedings (Tuesday, February 11, 2025)
US Federal House Floor Meeting
Transcript Highlights:
- <05:03:56.240>
capacity they don't have the borrowing capacity they don't have the borrowing - :13.040>
is borrowing is borrowing is interest<05:33:15.040>and Medicare<05:33:20.760> - Now cover four hours of borrowing.
- borrowing.
- had three months where we had to borrow had three months where we had to borrow money<06:00:15.520
NM
New Mexico 2025 Regular Session
IC - New Mexico Finance Authority Oversight Aug 11th, 2025
New Mexico Finance Authority Oversight Committee
Transcript Highlights:
- We've had to do some loan restructurings, but we've never had a borrower fail to pay us.
- You see there it says borrower pledge of interceptable revenue.
- We had a bunch of borrowers that were here.
- Yeah, I got the NMFA conduit borrowers, you know, to the extent. We haven't seen a lot.
- But yeah, we have a list of the top 15 borrowers.
CA
California 2025-2026 Regular Session
Assembly Banking and Finance Committee Mar 3rd, 2025
Banking and Finance
Transcript Highlights:
- Preliminary estimates from Intercontinental Exchange indicate that more than one in six borrowers just
- Under this bill, borrowers can request an initial forbearance on their monthly mortgage payments for
- While we fully support the intent of this measure, to provide relief to borrowers in need.
- concerned that the bill creates conflicts with GSE guidelines, which the GFC guidelines do require borrowers
- Guidelines for borrowers affected by natural disasters should be deemed to satisfy compliance with the