Transcript Highlights:

• And I just want to say thank you to the body, to the Democrats, to the Republicans that are in this House
• 20.800><c> for</c><00:10:21.279><c> our</c> And Father God, we thank you for our members, for the Democrats

Keywords: MS House Floor - 4 February, 2026; 10:00 AM, 925, all

Transcript Highlights:

• Our denomination believes strongly in collective bargaining wherever it is democratically chosen by a
• are pulled one by one, collective bargaining cannot function, and the representative workers' democratically

Committee: House Labor, Industrial and Rehabilitative Services

Keywords: 1189, house, all

Transcript Highlights:

• As a ranking Democrat and as a ranking member of this committee, I must address the comments made last
• They deserve, and the Democrats on this committee deserve, respect.

Committee: House Education Policy and Administration

Keywords: 1189, house, all

Committee: House Ways and Means

Keywords: 928, house, all

Summary: The committee heard testimony on House Bill 1596, which would raise New Hampshire’s cigarette excise tax from $1.78 per pack to about $2.80, using an inflation-based adjustment since the rate was last set in 2008. Representative Jerry Stringham, the bill’s sponsor, said the measure would keep New Hampshire competitive with neighboring states, generate revenue, and help offset other budget pressures. He also described the bill as repealing an income-based premium charge in Medicaid/CHIP-related programs and restoring cuts to the University System of New Hampshire, arguing that the combined package would still leave the state in a positive fiscal position. He said the tobacco tax increase would likely have some cessation effect but would remain low relative to other New England states, and he cited prior testimony from health groups supporting a larger increase. Members questioned the sponsor about how the new rate was calculated, the prior tobacco tax reduction and restoration, whether tobacco companies would absorb or pass on the tax, and the fiscal note’s estimates for Medicaid premium revenue and UNH funding. Stringham said he used Bureau of Labor Statistics inflation data, that the earlier 10-cent reduction did not produce the expected sales increase, and that the current bill would eliminate the premium charges now in the budget. He later clarified that the Department of Medicaid Services had updated the revenue estimate, but said the bill still showed a surplus overall. He also said the federal government already imposes a $1-per-pack tax and that New Hampshire would remain below neighboring states even after the increase. Two public witnesses testified in opposition to the tax increase. Anna Bettincourt, a tobacco category manager, argued that higher tobacco taxes would unfairly target smokers, reduce New Hampshire’s tax advantage, and likely shift purchases to other states or illicit markets rather than reduce use. She said tobacco companies generally do not lower prices and that Massachusetts’ flavor restrictions had not eliminated sales. In response to questions, she maintained that a smaller increase would still be harmful and that enforcement problems make bans ineffective. The sponsor and some members countered that smokers impose higher health costs and that tobacco taxes are a policy tool for both revenue and public health. No vote or final committee action was taken in the portion of the meeting provided.

Transcript Highlights:

• "So, nearly all the Democratic amendments we're going to hear today try to repeal the universal EFA provisions
• Senator Gray continued: I was actually off of that board for two years, during the time that the Democrats

Keywords: 1191, senate, all

Transcript Highlights:

• I would want you to make sure you have fiscal committee approval so that both Democrats and Republicans
• 29.960><c> watch</c> I would want you to make sure you have fiscal committee approval so that both Democrats

Committee: Senate Health and Human Services

Keywords: 1191, senate, all

Transcript Highlights:

• This evening down, I was trying to help the Democrats out.

Committee: House Budget

Keywords: 959, house, all

Transcript Highlights:

• This evening down, I was trying to help the Democrats out.

Committee: House Budget

Summary: The House Budget Committee met with a quorum and began by taking up a series of budget bills and committee substitutes, including House Bills 2002, 2003, 2004, 2008, 2009, 2010, 2011, 2012, and 2013, which were laid over. The chair then walked members through a committee amendment package, explaining a mix of technical corrections, fund swaps, and adjustments involving highway patrol fringe costs, summary budget timing, rural health care, the CCBHO FMAP correction, and marijuana-fund reallocations. Members adopted the chair’s decrease amendments and later adopted the corresponding increase amendments, including partial restoration for Care to Learn, a Title I grant language change, an Overpass and Seymour road project, technical corrections for DPS and health-related items, and restorations for Jordan Valley and FQHC substance abuse funding. After a brief recess for session and lunch, the committee returned to House Bill 2 and began considering member amendments. On House Bill 2, the committee adopted Representative Lewis’s amendment making the curriculum transparency and parent portal item a pilot program, and Representative Davidson’s amendment adding $2 million in federal Child Care and Development Block Grant funds for One-Time Wonder School. Representative Steinhoff’s attempt to shift funding from Missouri Star Solutions and WorkKeys to the Success Ready Student Assessment failed, as did Representative Taylor’s proposal to move $1.2 million from career ladder to community college nursing programs. The committee then rejected Representative Steinhoff’s attempt to redirect Title I Innovation and Improvement Grant funds back to the governor’s recommendation, and later adopted Representative Steinhoff’s vocational rehabilitation amendment, which restored the department’s request and drew down additional federal matching funds. The committee also adopted Representative Hyne’s language amendment to allow flexibility between the MOQPK pre-K grant program and the Child Care Works tri-share program, though members discussed concerns about cross-bill flexibility and whether funds would actually be available. Representative Fogle’s amendment to require budget communications sent to committee chairs to also go to the full Budget Committee was defeated after members expressed concern about information overload and the difference between required distribution and requested information. The committee then took up a lengthy debate over Representative Fogle’s amendment to remove language barring Parents as Teachers participation for children already enrolled in public pre-K. Supporters argued the programs serve different purposes and that families should not be forced to choose between them, while opponents said the language was intended to prevent duplication of services and preserve resources for children without other options. After extensive discussion, the amendment failed. The committee continued with additional House Bill 2 amendments, but the transcript ends before final action on the remaining items.

Transcript Highlights:

• Its mission is to democratize access to real estate investing, to empower everyday individuals in New

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.

Transcript Highlights:

• distinction between places that are controlled by Republicans and places that are controlled by Democrats

Committee: House Fraud Prevention and State Agency Oversight Policy

Keywords: 1183, house

Transcript Highlights:

• We're going to go right across for Republicans and Democrats. Okay. Where are you going, Grant?

Committee: Senate Education

Keywords: 1191, senate, all

Transcript Highlights:

• And so should every member of this body be proud of that record from Republican to Democratic to independent

Keywords: 1187, senate, all

Transcript Highlights:

• Historically, a Democrat legislature and governor did this in 1983, and it was such a disaster that they

Summary: The House opened with prayer, a moment of silence for fallen Oviedo Officer Jimmy Serrano-Torres, the Pledge of Allegiance, and recognition of Chief Joseph Tuminelli as law enforcement officer of the day. The Rules and Ethics Committee report setting the special order calendar was adopted, and the Speaker announced schedule changes for the following week, including canceling the floor session on Monday and starting Tuesday at 10:30 a.m. The main floor action centered on CS/HB 7033, the House tax package. Sponsor Rep. Duggan described broad tax changes, including reducing the state sales tax rate from 6% to 5.25%, exempting certain bullion sales, repealing the aviation fuel tax, delaying the natural gas fuel tax, changing corporate income tax treatment for charitable trusts, reducing the pari-mutuel tax on card rooms, and major changes to tourist development tax (TDT) use. The bill would redirect most TDT revenue toward property tax relief, dissolve tourist development councils, and include related property tax and local tax administration changes. Several amendments were debated: a Driscoll amendment to preserve local TDT flexibility failed; Duggan’s amendment giving local governments 25% discretion over TDT revenues was adopted; Eskamani’s combined-reporting amendment failed; and a Duggan amendment requiring audit certification of compliance with the TDT/property tax relief provisions was adopted. After debate, CS/HB 7033 passed 78-29. The House then took up CS/CS/HB 1221 on local option taxes, which was presented as a companion-style measure to give local governments more flexibility while redirecting TDT revenues toward property tax relief. Supporters argued the bill would provide immediate relief to property owners and restore accountability in local tax use, while opponents warned it would undermine tourism funding, infrastructure, and local services. An amendment allowing local governments to retain 25% of TDT revenues for general purposes was adopted, and the bill passed 62-45 after floor debate. The final item shown was the reading of CS/CS/HJR 1257, a proposed constitutional amendment related to property tax exemptions and assessment limits, but the transcript cuts off before debate or action on that measure.

Transcript Highlights:

• Historically, a Democrat legislature and governor did this in 1983, and it was such a disaster that they

Summary: The House opened with prayer, a moment of silence for fallen Oviedo Officer Jimmy Serrano-Torres, the Pledge of Allegiance, and recognition of Chief Joseph Tuminelli as law enforcement officer of the day. The chamber approved the journal and adopted the special order report, and the Speaker announced a schedule change canceling the floor on Monday and starting Tuesday at 10:30 a.m. The main business was CS for HB 7033, the House tax package, presented by Rep. Duggan. He described a broad set of tax changes, including the previously passed sales tax rate reduction from 6% to 5.25%, exemptions for certain bullion sales, changes to tourist development tax (TDT) use, property tax administration updates, affordable housing-related exemptions, repeal of the aviation fuel tax, delayed natural gas fuel tax implementation, corporate income tax changes, and other provisions. Debate focused heavily on the TDT section and the bill’s property tax relief structure. Amendments to preserve local flexibility or remove the TDT restrictions were offered and debated; one Duggan amendment was adopted to allow local governments to keep 25% of TDT revenues for general use while directing 75% to property tax relief, and another amendment requiring audit certification of compliance was also adopted. A combined reporting amendment offered by Rep. Eskamani to close corporate tax loopholes was debated at length but failed. On final passage, supporters argued the bill provides immediate, permanent tax relief and affordability help, while opponents said it diverts tourism dollars away from local needs and could harm tourism-dependent counties and services. CS for HB 7033 passed the House 78-29. The chamber then took up CS for CS for HB 1221 on local option taxes, which would give local governments more control over certain local taxes and, as presented, redirect TDT revenues toward property tax relief with some local flexibility. After questions and amendments, including a Miller amendment allowing 25% of TDT revenue for general purposes and another accountability amendment, the bill moved to final debate. Members split sharply: supporters framed it as immediate tax relief and local accountability, while opponents warned it would undermine tourism marketing, infrastructure, and county budgets. The transcript ends during closing debate on HB 1221, before final passage is recorded.

Transcript Highlights:

• If the Democrats are going to have a little discussion in the office, I'll go over what... office<00:

Keywords: 928, house, all

Summary: The committee held a public hearing and work session on House Bill 25/25A, the capital improvements budget. Representative David Mills introduced HB 25A, which makes appropriations for capital improvements for the biennium and extends certain lapses from prior appropriations, noting it is based on Governor Ayotte’s budget. The hearing then focused on requests to add or restore funding for several projects, including community college capital needs, Veterans Home ADA and safety upgrades, career and technical education renovations in Milford, and airport infrastructure funding. Shannon Reed of the Community College System of New Hampshire asked for an additional $2.6 million for IT infrastructure, critical maintenance, and energy management systems, citing failing boilers, roof work, cybersecurity needs, and a recent costly water damage incident at Lakes Region Community College. John Graham, representing the New Hampshire Veterans Home, requested $1.5 million for ADA compliance and safety improvements such as floor replacement and wider doors, saying the work would help the home before an upcoming VA inspection and protect federal funding. Lance Whitehead testified for Milford CTE, asking the committee to keep $9.9 million in the budget for a scaled-down renovation; members discussed the town’s failed vote, the need for local matching funds, and the possibility of another vote next year. Tim Thompson of Concord and Margaret Burns of NHMA urged restoration of airport matching funds, arguing that about $3.6 million in state money would leverage roughly $62 million to $65 million in federal FAA funds for safety and infrastructure projects. Trisha Lambert and Andrew Pomroy of the Bureau of Aeronautics and airport management association explained the airport program, the 12 federally funded airports, and how projects are selected through airport master plans and a capital improvement program. After public testimony, the committee closed the hearing on HB 25A. In the work session that followed, staff distributed supporting documents, including cost breakdowns and comparison sheets. The chair indicated the committee would work from the governor’s $143 million capital budget as a baseline and proposed reducing it by about $10 million, largely by removing the Milford CTE item because both towns had voted it down and would not have another vote for a year. The chair said the goal was to bring the overall budget to about $133 million and then repurpose the remaining funds through straw polls and further committee action.

Transcript Highlights:

• not going to get a comprehensive rewrite of the housing enabling act with just Republican or just Democrat

Committee: Senate Commerce

Keywords: 1191, senate, all

Transcript Highlights:

• The few, for lack of a better word, liberal states, more Democratic states, have given the licenses more

Committee: Senate Judiciary

Keywords: 1191, senate, all

Transcript Highlights:

• Thank you, General, for service to the state of the country, Republicans, Democrats, Libertarians, and
• 04.080><c> Republicans,</c> state of the country, Republicans, state of the country, Republicans, Democrats

Committee: House Education Policy and Administration

Keywords: 1189, house, all

Transcript Highlights:

• Uh, by that I mean Republican and Democrat working together, because it's a Democrat and Republican out

Committee: House Education Funding

Keywords: 1189, house, all

Transcript Highlights:

• We needed to come up with a way whereby we could democratize the issuance of interest.

Keywords: 1189, house, all

Summary: The meeting opened with roll call, confirmation of a quorum, and approval of the April 6 and May 4 minutes, with minor corrections noted to the May minutes. The main presentation came from JD of Link Network, introduced by Dan Cohen, who described Link’s work with crypto.com and other market participants on tokenized money market funds and real-time settlement for institutional clients. JD gave a detailed history of his earlier work developing the Arca U.S. Treasury Fund and ArCoin, emphasizing that the project was built within existing SEC and 1940 Act frameworks and was intended to use blockchain technology for a traditional asset rather than create a crypto product. He said the effort involved years of discussions with the SEC, multiple custodians, and partners such as U.S. Bank, T-Zero Securities, and Tassat, and that the model eventually led to Link’s settlement system. He highlighted concerns that shaped the design, including regulatory compliance, privacy for institutional users, and the need to bridge traditional banking hours with 24/7 digital asset markets. The presentation also described Link’s features, including segregated and bankruptcy-remote fund structures, tokenized deposit and treasury fund settlement, and “yield in transit,” which allows interest to accrue and be distributed daily down to a two-second block. JD said the platform is being expanded for use cases such as exchange liquidity, cross-border capital movement, off-exchange collateral, stablecoin bridging, treasury management, and peer-to-peer settlement. He closed by posing policy questions for the commission about the use cases for stablecoins versus tokenized money market funds in New Hampshire and whether the state could issue or administer a security-based program with appropriate compliance controls.