Video & Transcript Research : 'ledger'
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TX
Texas 89th Regular
Senate Committee on Business and Commerce (Part II) Feb 18th, 2025
Business & Commerce
Transcript Highlights:
- Isn't that the whole point of decentralized ledger?
- The power of decentralized ledger technology and distributed ledger technology is that we can't have
- Agentic AI will probably control most of the utilities, using distributed ledger technology as that encryption
- The Bitcoin software downloads the entire history of the ledger, every transaction.
Keywords:
emergency alerts, weather alerts, public safety, local government, municipality, county, website posting, online notice, emergency management, disaster preparedness, evacuation, National Weather Service, NOAA, Texas Division of Emergency Management, TDEM, localized alerts, hazard warnings, severe weather, watch warning advisory, public information
TX
Transcript Highlights:
- Blockchain systems are distributed ledger systems that replicate all of the data across every node in
- StoneArch's blockchain ledger stands ready to record every deed, lien, and easement in real time, eliminating
- documents across siloed databases, counties can instantly verify title history on a shared real-time ledger
- operates digitally and is governed collectively. by its members using blockchain and distributed ledger
- It's just that, you know, you wouldn't be able to use a distributed ledger. ...And you wouldn't be using
Bills:
HB111
HI
Hawaii 2026 Regular Session
CPC Public Hearing - Tue Feb 24, 2026 @ 2:00 PM HST
Consumer Protection & Commerce
Transcript Highlights:
- I don't know if any of you have ever viewed a general ledger. Probably not.
- Like, so if, when I think of a general ledger, I think of all the transactions that that association
- , I think of all the transactions ledger, I think of all the transactions that<01:04:58.640>
that< - And if you produce<01:05:00.640>
a <01:05:00.799>general <01:05:01.119>ledger <01 - the public produce a general ledger to the public or<01:05:03.440>
to <01:05:03.599>the
Keywords:
natural hair braiding, registration, Barbering and Cosmetology Licensing Act, public health, sanitation, cumulative voting, associations, unit owners, board of directors, elections, Hawaii Revised Statutes, condominium, association meetings, electronic voting, proxy voting, mail voting, insurance, premium increase, policy cancellation, licensing
Summary:
The committee heard testimony on HB 1697, which would exempt natural hair braiders from licensing requirements under certain conditions. The DCCA Board of Barbering and Cosmetology said it recognizes braiding as within the scope of cosmetology practice but warned that a broad exemption could create consumer protection gaps, especially around sanitation training, tool use, and enforcement. Supporters from the Institute for Justice and the Grassroots Institute of Hawaii argued the current licensing regime is overly burdensome and unrelated to braiding, citing the 1,250-hour training requirement, high tuition costs, barriers for low-income entrepreneurs, and the fact that many other states already exempt braiders. Committee members asked whether a standalone sanitation course or similar training could address the board’s concerns, and the board said it would bring that idea back for discussion. The committee also noted 16 written testimonies in support and 2 in opposition.
The committee then took up HB 1678, relating to condominium and planned community association elections using cumulative voting. Supporters, including the Hawaii State Association of Parliamentarians, said the bill would clarify that cumulative voting applies to all candidates, including write-ins, and would help resolve confusion in association elections. One testifier urged the committee to remove proxy voting, calling it an abuse of power in some associations, while another asked whether cumulative voting and proxies could be manipulated to stack votes. In response, the parliamentarian explained that cumulative voting and proxy voting are different, that proxies simply allow someone to vote on another’s behalf, and that existing deadlines and counting procedures reduce opportunities for abuse. Testimony also emphasized that electronic or mail voting can be secure and efficient, and that the bill would make the process clearer and more democratic.
Finally, the committee heard testimony on HB 1679, which would clarify an association board’s authority over electronic meetings, electronic voting, voting without a meeting, and mail voting without a meeting. Supporters said the measure would clean up statutory language, make electronic voting optional, and fix problems created by a 2024 change that made written-consent timing rules difficult to use for association actions. They also said the bill would clarify that proxies are only used at meetings, not for actions taken without a meeting. One opponent argued the bill needs further amendment because electronic voting is not well defined and could be abused, and questioned the neutrality of parliamentarians testifying on condominium bills. No votes were taken on any of the measures during the portion of the meeting provided.
SC
South Carolina 2025-2026 Regular Session
Healthcare and Regulatory Subcommittee Jun 24th, 2026
Transcript Highlights:
- We reconcile back to the general ledger account.
- Ledger reconciliation.
- Year-end balances are verified as they must agree with the SCEIS general ledger.
- Should it Year-end balances are verified as they must agree with the SCEIS general ledger.
- This information is verified and reconciled against the SCEIS general ledger.
Summary:
The committee met to receive a detailed financial operations presentation from the South Carolina Vocational Rehabilitation (VR) agency, with staff walking members through funding sources, budgeting, accounts receivable, accounts payable, and grants management. Sabrina Walker explained VR’s blended funding structure, including federal grants, state appropriations, program income, and interagency contracts, and emphasized that state funds are essential to meeting the federal match and maintenance-of-effort requirements. Members asked repeatedly about transparency, audit controls, and the risk that state cuts could reduce federal drawdowns; staff responded that all reports reconcile back to the SCEIS accounting system, are subject to state audits and internal reviews, and that even modest state reductions could significantly reduce total available funding. The committee also discussed pre-employment transition services for students with disabilities, with staff confirming services are offered through school districts, charters, and private schools, and that contracts are monitored for performance and compliance.
The presentation then shifted to budgeting and internal controls. Walker described a zero-based departmental budgeting process, monthly monitoring reports, contingency reserves for unexpected expenses, and a formal annual cycle that culminates in board approval. Members asked about facilities tracking, culture, and how the agency maintains accountability; staff said facilities staff inspect buildings and equipment, supervisors justify line-item requests, and the process has become smoother over time as departments learned the system. Cynthia Johnson followed with an accounts receivable overview, describing invoicing, receipting, aging, customer verification, year-end reporting, and the use of cross-training, shared email inboxes, and spreadsheets as checks and balances. She also explained work training center billing, interdepartmental transfers, and the revolving fund used to issue consumer checks more quickly than standard vendor payments.
Olivia Perez presented accounts payable operations, including invoice processing through SCEIS and OnBase, the three-way match, travel reimbursements, revolving fund checks, State Treasury Office interactions, and handling of reversals, rejections, and levy notices. She reported that AP processed 67,723 SCEIS payments, 13,670 case management system invoices, 3,379 travel reimbursements, and 15,693 revolving fund checks in fiscal year 2025, with only 70 payment rejections. The final portion of the meeting covered Grants and Funds Management, where Walker explained federal reporting, drawdowns, payroll allocation, asset tracking, lease and IT contract reviews, cost allocation, and closing packages. She noted upcoming system changes such as S/4HANA, Workiva, and SC Pro, but said the agency is receiving training and feedback opportunities. No formal votes or legislative actions were taken during the presentation portion beyond approval of the prior minutes and a brief recess.
AR
Arkansas 2026 1st Special Session
LEGISLATIVE JOINT AUDITING-COUNTIES AND MUNICIPALITIES Feb 12th, 2026
LEGISLATIVE JOINT AUDITING-COUNTIES AND MUNICIPALITIES
Transcript Highlights:
- Payroll ledgers were not prepared. Details of salaries were not documented.
- And so we've corrected that to make sure that we have a garbage sale ledger that we've created.
- And so we've corrected that to make sure that we have a garbage sale ledger that we've created.
- You have a ledger that says we have $250,000 worth of money in the bank, and that's in your financial
- So if you've got a general fund CD and a street fund CD, as long as that ledger indicates general fund
Summary:
The committee began with prayer and approval of the January 8 minutes, then received updates on delinquent private water and sewer reports. Staff reported that for the 2022 reports, 19 of 43 entities had had their turnback reinstated, while 24 remained in escrow; for the 2023 reports, 59 of 64 entities had filed, leaving five outstanding. The committee also filed a report on Adona, where staff said the city had made enough progress toward substantial compliance with municipal accounting laws to discontinue withholding turnback, and the committee adopted that recommendation.
The bulk of the meeting focused on municipal accounting noncompliance cases. Gum Springs and Denning were presented with extensive repeat findings involving budgets not adopted by ordinance or resolution, missing or incomplete bank reconciliations, inadequate receipts and disbursement records, payroll issues, and improper handling of Act 833 funds or other city money. Both cities’ mayors and recorders-treasurers testified about efforts to correct records, obtain training, and work with the Municipal League; the committee voted to start the 60-day turnback-withholding clock for both and then filed the reports. Fargo was deferred because no city representative was present.
Additional reports included Green Forest, Elaine, Strong, Brooklyn, Mineral Springs, Rondo, Waldo, Columbia County, and several private water and sewer entities. Strong drew significant concern over missing garbage-bag revenue, improper fund transfers, and deficit balances; the committee deferred that report to the March meeting. The committee also heard investigative or referred reports on the Faulkner County Fair Association, Brooklyn payroll direct-deposit fraud, and other entities with questionable disbursements or recordkeeping. In several cases, staff recommended filing the reports after responses were received; in others, the committee deferred action when responses were lacking or representatives were absent. The meeting ended with a motion to defer a Cross County Rural Water matter so the entity could appear at the next meeting.
AL
Alabama 2026 1st Special Session
Alabama Senate Fiscal Responsibility and Economic Development Committee Feb 18th, 2026
Fiscal Responsibility and Economic Development
Transcript Highlights:
- activity, and then it would go on to elaborate that it would include administering a distributed ledger
- <00:22:45.120>
a <00:22:45.760>distributed <00:22:46.799>um <00:22:47.760>ledger - administering a distributed um ledger administering a distributed um ledger technology<00:22:48.720
ND
North Dakota 2026 1st Special Session
Legislative Audit and Fiscal Review Committee Mar 24th, 2026 at 10:00 am
Legislative Audit and Fiscal Review Committee
Transcript Highlights:
- Dickinson State's book balance did not agree to the general ledger.
- Then finally, Williston State, their book balance did not agree to the general ledger.
- Williston State, their book balance did not agree to the general ledger.
- All these items are accounting errors recorded on the general ledger and financial statements.
- All these items are accounting errors recorded on the general ledger and financial statements.
ND
North Dakota 2025-2026 Regular Session
Legislative Audit and Fiscal Review Committee Mar 24th, 2026
Transcript Highlights:
- Dickinson State's book balance did not agree to the general ledger.
- And then finally, Williston State, their book balance did not agree to the general ledger.
- reliability of the financial statements, monthly reconciliations of bank balances to the general ledger
- All these items are accounting errors recorded on the general ledger and financial statements.
- All these items are accounting errors recorded on the general ledger and financial statements.
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.
MA
Massachusetts 2025-2026 Regular Session
Formal House Session 19 Jun 21st, 2026 at 11:00 am
Massachusetts House Floor Meeting
Transcript Highlights:
- But when we look at the other side of the ledger, we found it blank.
- It opens both sides of the ledger.
- It opens both sides of the ledger.
- I hope we choose both sides of the ledger. I encourage you to vote in favor of this amendment.
Summary:
The House opened with the Pledge of Allegiance and then took up several procedural matters, including adopting a resolution recognizing the work of Ukraine Forward and suspending Joint Rule 12 for a number of petitions. The chamber also scheduled several bills for later consideration, including measures on unemployment insurance for fluctuating work schedules, the Medical Society mission statement, a youth training wage, bridge and intersection namings, handicapped parking fines, public-way safety, excavation restoration, motor vehicle safety, and a Newton police age requirement. Two engrossed local bills were passed to be enacted: one authorizing retired police officers as special police in Plainville and another allowing Orange to increase its Board of Selectmen membership.
The main policy debate centered on House No. 5151, An Act relative to energy affordability, clean power, and economic competitiveness. Supporters described it as a broad affordability and clean-energy package that would cut costs for ratepayers, reform Mass Save, speed clean-energy procurement and interconnection, return a portion of alternative compliance payments to customers, and address biomass and other energy issues. Opponents argued the bill relied too heavily on long-term programs and new administrative structures while offering little immediate relief, and raised concerns about costs being shifted to consumers, impacts on natural gas, and the pace of implementation. Several amendments were debated and rejected, including proposals to shift public benefit charges away from peak hours, pause public benefit charges for a year, require greater utility disclosure before rate increases, and add a forest-clearing penalty for solar development.
One amendment to the energy bill was adopted: a consolidated amendment that included budget-billing consumer protections for gas customers, requiring notice and conservation recommendations when usage rises significantly. The House also adopted an amendment to a separate conservation-restriction bill for Hanson, changing a figure in the underlying law, and passed that bill to be engrossed as amended. The energy bill’s consolidated amendment passed by roll call, while several other amendments failed by roll call votes. The House observed multiple moments of silence honoring Jaden Booker, Thomas Skip Karam, former Freetown Police Chief Carlton Abbott, and former Representative and Senator William Q. “Biff” McLean, Jr.
MD
Transcript Highlights:
- It's more like a digital ledger. Think of it that way.
- It's like a digital ledger of the documentation that keeps getting recorded and it just keeps building
- that ledger from the next person to the next person where it's sharing it.
- Think of it more like a digital ledger. Think of it that<01:09:48.880>
way. - It's like a digital ledger that way.
Summary:
The Senate convened with an invocation, journalized the prayer, and recognized Read Across America Day with a special resolution congratulating the Maryland State Education Association on the program’s 28th anniversary. Senators also welcomed several guests and student groups, including Eleanor Roosevelt High School students, Maryland Federation of Republican Women members for Red Scarf Day, medical shadows from Johns Hopkins, a student page prospect, and a group from Matthew Henson Elementary School.
The chamber then took up multiple Finance Committee consent calendars and individual local alcohol-related bills, all of which were reported favorably, adopted without objection, and ordered printed for third reading. Measures included changes to alcohol license fee refunds for uniformed service members, Anne Arundel County license classifications and compensation for liquor board officials, a Baltimore City racetrack license extension, a Cecil County license quota change, and new or expanded licenses for golf courses, sports venues, and barber shop/beauty salon establishments. The Senate also advanced bills on social work licensing, a rural readiness economic development program, a Maryland-Ireland Trade Commission extension, peer-to-peer car sharing insurance rules, telematics-based auto insurance disclosures and appeals, and veteran status notation on public profiles.
Several bills were amended before being advanced, generally with technical or clarifying changes and no recorded opposition. Senate Bill 18 would create a provisional social work license; Senate Bill 351 would regulate insurer use of vehicle telematics data; Senate Bill 395 would revise insurance and liability rules for peer-to-peer car sharing; and Senate Bill 197 would alter comprehensive plan elements in land use law. Senate Bill 439, protecting fire and rescue public safety employees from adverse action based on medical cannabis certification, also moved forward without amendment.
One measure, Senate Bill 69, which would make permanent the nonprofit navigator position in the Department of Commerce, was discussed at length after a member raised concerns about oversight of nonprofit grant funding. On request, the bill was special ordered to the next day for further consideration. All other bills discussed in the transcript were advanced to third reading by unanimous or near-unanimous voice action, with no recorded roll-call votes.
HI
Transcript Highlights:
- Uh, crypto is kind of the money on top of that ledger.
- Uh, crypto is kind of the money on top of that ledger.
- Uh, crypto is kind of the money on top of that ledger.
- Uh, crypto is kind of the money on top of that ledger.
- It's almost like when you're ledger.
Summary:
The Hawaii State Senate Committee on Commerce and Consumer Protection held an informational briefing on digital assets, blockchain, and related regulatory developments. Chair Jarrett Keohoko said the committee was focusing on national and state policy issues around digital assets, while leaving the separate issue of Bitcoin kiosks and fraud to the House Consumer Protection Committee, which had already noticed a similar briefing. No public testimony was taken; the session was for informational updates and member questions.
Representatives from the Aptos Foundation, including JC Yun and Michael Cheng, gave a detailed presentation on blockchain basics and Aptos’s technology. They described blockchain as a tamper-resistant digital ledger, explained proof-of-work and proof-of-stake systems, and argued that proof-of-stake networks are faster, cheaper, and more environmentally friendly. They also emphasized smart contracts and potential uses beyond speculation, such as car titles, college transcripts, collectibles, digital IDs, real estate, and other tokenized assets.
The presenters highlighted Aptos’s Hawaii connections and said the technology could help local residents and businesses participate in the digital economy. They cited adoption statistics, including billions of transactions on Aptos, tokenized money market funds from major financial firms, micro-lending applications, decentralized cloud infrastructure, and the rapid growth of stablecoins. They acknowledged concerns about scams and consumer protection, but argued that the answer is stronger regulation and education rather than avoiding the technology altogether.
AR
Arkansas 2026 1st Special Session
LEGISLATIVE JOINT AUDITING Jan 9th, 2026
LEGISLATIVE JOINT AUDITING
Transcript Highlights:
- student files, as shown in this exhibit, did not agree with the expenditures recorded in the general ledger
- whether expenditures were properly authorized and documented as well as in agreement with the general ledger
- Disbursements tested were properly posted to the general ledgers.
- Appendix B provides a list of total expenditures by general ledger account for the life of the program
HI
Hawaii 2025 Regular Session
CPC Public Hearing - Tue Feb 11, 2025 @ 2:00 PM HST
Consumer Protection & Commerce
Transcript Highlights:
- there's like arguments about The Ledger there's like arguments about The Ledger partic<00:53:22.160
- because they are given a 5-day notice to vacate: you're behind on rent, based on my ledger.
- because they are given a 5-day notice to vacate: you're behind on rent, based on my ledger.
- because they are given a 5-day notice to vacate: you're behind on rent, based on my ledger.
- because they are given a 5-day notice to vacate: you're behind on rent, based on my ledger.
Summary:
The committees heard testimony on several transportation and consumer-related bills. HB 496, relating to mamaki tea labeling, drew support from the Department of Agriculture, the Department of Weights and Measures, and the Hawaii Farm Bureau, which said the bill would help protect a culturally important crop and the Hawaii brand. Members questioned Agriculture about staffing and whether the bill was being used to reopen a package-labeling inspection branch; the department said it currently has no Oahu inspectors for that function but has a place for an additional inspector. No opposition was registered on the measure.
HB 978, relating to electric utilities, and HB 1316, relating to DLNR/park reservations, were also heard. HB 1316 received support from State Parks, and members discussed where reservation fees would go and whether the statewide reservation system for three parks would cover its costs; the committee indicated a change would be made so fees go to the special fund. HB 914, relating to water carriers, drew support or comments from the PUC, Department of Agriculture, Department of Transportation, Young Brothers, and the Hawaii Harbor Users Group. The main discussion focused on the proposed automatic rate-adjustment mechanism tied to the GDP price index, with members asking for alternative index ideas and questioning whether the PUC already had authority to adopt such a mechanism. Young Brothers said the measure would provide clarity and help recover inflationary costs, while the chair raised concerns about repeated rate increases and asked for further testimony on possible alternative indices.
HB 1161, relating to transportation and road usage charges, received support from the Insurance Division, DOT, and the State Energy Office, with comments from the Tax Foundation of Hawaii and the Hawaii Food Industry Association. Members asked whether counties need state authorization to adopt mileage-based charges and why the bill included funding for implementation; DOT said it is helping counties build the data collection and billing system and that Honolulu is handling much of the collection work. A question was also raised about whether plug-in hybrids would be covered, and DOT said vehicles under the federal electric-vehicle definition would be included. HB 1301, relating to transportation network companies, drew opposition from the Hawaii Association for Justice, Lyft, and Uber, all arguing that classifying TNCs as common carriers and changing liability rules would raise costs, reduce access, and disrupt the current statewide framework. No votes or final committee actions were taken in the portion of the meeting provided.
AR
Arkansas 2026 Regular Session
LEGISLATIVE JOINT AUDITING-EDUCATIONAL INSTITUTIONS Jun 4th, 2026
LEGISLATIVE JOINT AUDITING-EDUCATIONAL INSTITUTIONS
Transcript Highlights:
- don't know, whether it was advertising, I don't know if it's advertising dollars on their side of the ledger
- don't know, whether it was advertising, I don't know if it's advertising dollars on their side of the ledger
- don't know, whether it was advertising, I don't know if it's advertising dollars on their side of the ledger
Summary:
The committee met to review education audit reports and heard responses from several school districts with findings. Camden Fairview School District was cited for using operating funds for an end-of-year employee awards banquet and for unauthorized credit card charges that caused a small loss; district officials said the current administration had strengthened controls, stopped the banquet practice, and improved monthly credit card reconciliation. Members questioned whether the prior officials were still employed, whether the credit card issue was an outside hack, and how teacher appreciation could continue without using district funds. Forest City School District was cited for spending about $33,000 on an off-campus staff celebration and entertainment event; district representatives said the money came from long-standing Pepsi-related donation funds, that the event was intended to recognize staff and growth, and that they would change practices and receive training going forward. Members discussed whether those funds were private donations or operational funds, and staff said the district’s accounting treatment made them subject to the constitutional restriction at issue.
The committee also reviewed several other findings. Conway School District was referred for an ongoing investigative report involving misuse of district funds and resources by former maintenance employees. Magnolia School District had undeposited activity funds totaling more than $21,000, tied to a resigned high school secretary and sponsor receipts not deposited. Westside School District had about $30,000 in credit card charges lacking documentation or business purpose, including charges by the superintendent, personal purchases, and items shipped to personal addresses; the matter was referred to the prosecuting attorney. Boonville School District was cited for paying a board member’s son more than the statutory limit for seasonal groundskeeping without the required exemption, and DESE later denied the exemption request.
After discussing those cases, the committee filed the remaining eight findings en masse and then filed the 89 reports with no findings. Members noted that most school districts audited had clean reports and encouraged districts to continue good practices while learning from the findings discussed.
NH
New Hampshire 2025 Regular Session
Commission to Study Stable Tokens (11/12/2025)
Transcript Highlights:
- ledger commonly known as a blockchain. ledger commonly known as a blockchain.
- The ledger is thereby rendered immutable.
- containing a a series of a a ledger containing a a series of values<01:06:08.720>
across <01:06 - with the ledger.
- The ledger is thereby with the ledger. The ledger is thereby rendered<01:06:14.319>
immutable.
Summary:
The commission met on November 12 and first approved the September 17 and October 15 draft minutes unanimously after brief discussion. Members also identified themselves for the record, including a new member from Bumpsk Bank, a staff attorney from the Secretary of State’s Bureau of Securities Regulation, a prior crypto commission participant, and a uniform law commissioner involved in tokenization projects.
The main presentation was by UNH law professor Seth Orinberg, who discussed the federal GENIUS Act and the pending Clarity Act and how they affect New Hampshire’s options in the digital asset space. He described the GENIUS Act as governing payment stablecoins/stable tokens, defining them as blockchain-based assets used primarily for payments, redeemable for a fixed amount of national currency, and required to maintain stable value. He said the law creates three possible state roles: hosting federally qualified issuers, becoming a state qualifier for issuers up to a $10 billion threshold, or exploring state-backed issuance as a sovereign. He noted that the state-qualification path would require conforming legislation, examination capacity, and coordination with Treasury, while the sovereign-issuer theory is legally uncertain and may become a test case.
Orinberg also outlined the core compliance framework he said applies to covered issuers: 100% reserve backing in high-quality liquid assets, monthly public reserve reporting, no yield or interest-like rewards, segregation of reserve assets, immediate redemption at face value, and anti-money-laundering/know-your-customer obligations. He then turned to the Clarity Act, describing it as a broader market-structure bill that would create categories such as digital asset, digital commodity, digital security, and ancillary asset, with self-certification procedures for issuers. He said the two federal laws together would separate payments from investments, preempt inconsistent state standards for covered payment stablecoins, and likely reshape the boundaries of state authority over digital assets.
LA
Transcript Highlights:
- The way that we conduct our business is where our pricing for all of our drugs is under one single ledger
- business, we generally see folks moving from a traditional PBM model to our pass-through, single-ledger
- business, we generally see folks moving from a traditional PBM model to our pass-through, single-ledger
Summary:
The Senate Insurance Committee met on May 13, 2026, adopted the May 6 minutes, and then took up several bills dealing with pharmacy benefit managers, prescription access, behavioral health coverage, and Citizens Property Insurance. HB 938, as amended, was the main PBM reform measure. After the committee adopted a large amendment set that narrowed the bill, members heard extensive testimony in support from Mark Bloom, Justin Joseph of Capital Rx, and Kathy Ue of Pontchartrain Cancer Center, all emphasizing transparency, pass-through pricing, reverse auctions, and patient access. Supporters described savings from reverse auctions and administrative models, while the cancer center testified that PBM-owned specialty pharmacy requirements can delay cancer medications and create financial hardship. The committee reported HB 938 favorably with amendments.
The committee also heard HB 1154, which prohibits prior authorization for certain generic medications prescribed by qualified physicians, with a $250 cap discussed as a safeguard against higher-cost generics. The bill was supported by representatives from Ochsner Health and the Louisiana State Medical Society and was reported favorably. HB 909, which requires commercial coverage for behavioral health crisis services, was amended to clarify the insurers covered and then reported favorably with support from the Office of Behavioral Health and several outside groups. Testimony on HB 909 focused on reducing emergency room and law enforcement burdens and expanding crisis response capacity across the state.
HB 1187, dealing with excess emergency assessment funds from Louisiana Citizens Property Insurance Corporation, was explained by the Insurance Commissioner as a way to transfer remaining Katrina-era assessment funds to the Fortified Roof Program. The committee reported the bill favorably. Finally, SB 511 and SB 512 were deferred and converted into a study resolution approach because there was not yet consensus on the underlying issue. The meeting then adjourned.
MA
Massachusetts 2025-2026 Regular Session
Joint Committee on Public Service Jun 21st, 2026 at 01:00 pm
Joint Committee on Public Service
Transcript Highlights:
- And Jessica Ledger and Nolan Griffiths. And one more, we have Graham Broberg. Thank you.
- I'm joined here today with our treasurer, Jessica Ledger, who works at the State Police Crime Lab, board
- My name is Jessica Ledger. I'm a forensic scientist. I work at the Mass State Police Crime Lab.
Summary:
The Joint Committee on Public Service held its 15th hearing of the 194th General Court, focused on retirement group classifications for a range of public safety and related employees. Much of the testimony centered on bills affecting Barnstable County dispatchers and 911 telecommunicators, who argued they should remain in or be moved to Group 2 because their work is highly stressful, life-or-death in nature, and historically had been treated that way. Speakers said the proposed changes would largely grandfather in current employees, would not add costs in some cases, and were needed to correct outdated statutory language and PERAC rulings that had created uncertainty for workers nearing retirement or already retired. Similar support was offered for bills to reclassify 911 dispatchers statewide from Group 1 to Group 2, with testimony from dispatch supervisors, sheriffs, and police associations describing chronic stress, PTSD, staffing shortages, and retention problems.
The committee also heard testimony on several other retirement-related bills. Representatives of Massport and campus police supported measures to align retirement benefits for Massport police and public higher education police with other law enforcement groups, arguing they perform comparable duties and face similar risks. The Massachusetts Chiefs of Police Association also backed a bill to ease post-retirement earning restrictions for retired police and firefighters so they can continue consulting, training, or advising without penalty. MOSES testified in favor of bills moving certain state employees into Group 2, including forensic scientists at the State Police Crime Lab, DCR aerial foresters, and Department of Correction construction coordinators, citing hazardous work environments and physical danger. Department of Fire Services compliance officers likewise sought Group 4 classification, describing exposure to toxins, fatal fire scenes, and cancer risks.
No votes were taken during the hearing. The committee heard extensive testimony from affected employees, union and association representatives, and public safety officials, all urging favorable reports on the bills. At the end of the hearing, the chairs thanked witnesses and staff, and the committee adjourned after a motion and second.
MN
Minnesota 2025 1st Special Session
House Human Services Finance and Policy Committee 2/11/25
Human Services Finance and Policy
Transcript Highlights:
- The Health Committee then has the other side of the ledger.
- The Health Committee then has the other side of the ledger.
- the<00:05:31.280>
other <00:05:31.440>side <00:05:31.560>of <00:05:31.720>Ledger - they the health the other side of Ledger they the health committee<00:05:33.120>
contains <00: - For the sake of accounting, House Fiscal tracks that total appropriation against one side of the ledger
MN
Minnesota 2025-2026 Regular Session
On-time payment credit reporting option 3/18/26
Minnesota House Floor Meeting
Transcript Highlights:
- Rent ledgers often include partial payments, subsidy timing and payments, payment plans, or disputes.
- <00:09:32.480>
Rent <00:09:32.800>ledgers <00:09:33.240>often liability concerns - Rent ledgers often liability concerns.
- Rent ledgers often include<00:09:34.000>
partial <00:09:34.400>payments, <00:09:35.120><
NM
New Mexico 2025 Regular Session
IC - New Mexico Finance Authority Oversight Nov 3rd, 2025
New Mexico Finance Authority Oversight Committee
Transcript Highlights:
- So our payroll system is not connected to our general ledger account.
- General ledger account.
- In our general ledger.
- Sage Intact will become our new general ledger.