Video & Transcript : 'CFO' :

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FL

Florida 2025 Regular Session

March 11, 2025 - 10:15 AM

Transcript Highlights:
  • And I can address a lot of those, and it certainly is not good for the CFO to hear that payments are
Summary: The Higher Education Budget Subcommittee met to review funding models for the Florida College System and district workforce education programs, with an emphasis on how new dollars are allocated in the program fund and how performance and targeted funding are incorporated. Chancellor Hebda explained the Florida College System model, including base program funding, student success and pipeline funds, performance incentives for industry certifications, and the 2022 president-developed formula that weights enrollment, workforce enrollment, completions, small-college factors, and regional cost differences, plus a targeted funding floor for colleges below a minimum per-FTE level. Vice Chancellor Goodman then outlined the district workforce model, which uses lagged enrollment, program cost weights, local revenue offsets, small-district adjustments, and unmet-need calculations to distribute lump-sum appropriations to school districts offering workforce education. The department also provided updates on several grant programs and funding delays. Goodman said the Workforce Development Incentive Grant, Pathways to Career Opportunities Grant, Graduation Alternative to Traditional Education Startup Grant, and teacher apprenticeship/mentor bonus programs all involve multi-year awards and often require reversions and reappropriations because projects are delayed, extended, or not fully obligated by year-end. She said the department is moving toward an electronic grants system and had already adjusted internal deadlines to speed awards, while acknowledging some reimbursement delays and explaining that mentor bonuses for teacher apprentices will not be paid until the first cohort reaches the statutory timing requirement. Members asked about tracking whether CTE students work in their trained fields, how Xello is used to inform students about career pathways, how FTE is calculated, whether the funding formulas could encourage growth over quality, and how students with disabilities are counted in workforce funding. Questions also focused on tuition, enrollment trends, and the gap between college and university funding. The committee heard that tuition has remained flat for more than a decade, enrollment has rebounded from COVID and is projected to exceed pre-pandemic levels, and the college system’s funding per FTE varies widely. Valencia College President Kathleen Plinsky testified in support of the proposed formula and an additional $200 million for the Florida College System, saying Valencia is the second-largest college in the state but ranks last in per-FTE funding, which has made it difficult to recruit and retain faculty and admit qualified students in high-demand programs like nursing. The committee took no vote and adjourned after the presentations and questions.
FL
Transcript Highlights:
  • I think a week ago there was a presentation from the CFO of the Board of Governors to the committee that
Summary: The Appropriations Committee on Higher Education met to examine how Florida’s state universities are funded and to begin discussing a possible university funding model. The panel included the State University System chancellor and CFOs from FSU, UF, FAMU, FAU, UNF, and UCF. Members first reviewed major cost drivers, which the universities said are broadly similar across institutions: wages and benefits, equipment and supplies, financial aid, professional services, utilities, IT, and maintenance. Several institutions noted unique pressures from geography, growth, research intensity, and mission, such as UCF’s size and engineering focus, UF’s land-grant and research enterprise, FAMU’s need to recruit top talent while serving a high-Pell student population, and FSU’s large facilities and research obligations. The chancellor also summarized systemwide cost growth since 2012-13, including higher health insurance, retirement, and salary costs, while noting tuition had been held flat. The committee then discussed other revenue sources, including auxiliaries, restricted funds, capital projects, and component units such as foundations and health systems. University leaders explained that many of these funds are restricted to specific purposes, and some, like UF Health, account for a large share of operating expenses. Members also discussed the current performance-based funding process. University representatives generally praised it for transparency, accountability, and its focus on student success, but said the heavy use of one-time funds, nonrecurring appropriations, and unfunded mandates makes long-term planning difficult. FSU and others argued that rising employee costs, waivers, and facilities expenses are not fully covered, while FAMU said performance funding has improved outcomes but can disadvantage institutions serving more low-income students. In response to questions about improvements, the universities suggested more recurring and predictable funding, better coverage of mandated costs, more flexibility in fees, and continued investment in research and strategic priorities. The chancellor said the Board of Governors is considering a version 3.0 of performance funding that would benchmark institutions against peers and Carnegie classifications. The committee also explored whether universities should have more flexibility to set out-of-state tuition and professional school tuition. Most university leaders favored giving boards of trustees more authority, while the chancellor cautioned that increasing out-of-state enrollment or tuition too much could affect legislative support. No votes were taken; the meeting ended with the chair thanking the panel and adjourning the committee.
KY

Kentucky 2026 Regular Session

House Legislative Session Day 35 (2-26-26) - Reupload

Kentucky House Floor Meeting

Transcript Highlights:
  • The CFO of that division has met with us and communicated several times, and I think we have a good product
  • </c><02:15:44.400><c> The</c><02:15:44.800><c> CFO</c><02:15:45.920><c> of</c><02:15:46.159><c> that<
  • The CFO of that us once or twice.
  • The CFO of that division<02:15:47.199><c> has</c><02:15:47.440><c> met</c><02:15:47.679><c> with</c><
Summary: The meeting opened with prayer and the Pledge of Allegiance, then moved into committee and floor reports. Several measures received favorable committee reports and were ordered to first reading and placed on the calendar, including Current Resolution 9, Senate Joint Resolution 23, House Bill 145, House Bill 567, and House Bill 506 with House Committee Substitute 1. The chamber also noted that House Bills 500 and 504 had already received two readings and were sent to the Rules Committee before House Bill 500 was brought up for final consideration. Most of the discussion focused on House Bill 500, the executive branch budget bill. Members described it as a “good first draft” and emphasized a budget process they said was more transparent than in prior years. The bill was presented as a restrained two-year operating budget with spending growth kept at a little under 2% annually, while setting aside about 2% of projected revenues, or roughly $614 million, in the Budget Reserve Trust Fund for future needs. The budget also used base reductions in some areas while exempting others such as Medicaid benefits, SEEK, corrections, behavioral health, and veterans programs. Subcommittee chairs then outlined major spending areas. Education provisions included a 2% annual increase in base SEEK funding, transportation funding held flat, equalization for recallable nickel funding, continued retirement contributions, and major support for postsecondary access, dual credit, asset preservation, and workforce training. Health and family services provisions held Medicaid steady while adding waiver slots, behavioral health and substance use support, public health investments, and funding for rural health and laboratory capacity. Other sections covered personnel and pensions, veterans services, infrastructure, public safety, economic development, tourism, and environmental projects. The only recorded action on the floor was adoption of House Committee Substitute 1 to House Bill 500, followed by a motion for final passage of the bill as amended. The transcript ends as discussion on final passage begins, before any final vote is shown.
LA

Louisiana 2026 Regular Session

House of Representatives May 26th, 2026

Louisiana House Floor Meeting

Transcript Highlights:
  • banks can purchase these BOLI products already for key men, key women in their organization, CEOs, CFOs
  • banks can purchase these boldly products already for key men, key women in their organization, CEOs, CFOs
Bills: HR320 , HR321 , SCR55 , SCR69 , SCR75 , SCR77 , SCR78 , SCR79 , SB259 , SB295 , SB312 , SB348 , SB444 , SB485 , HR73 , HR118 , HR144 , HR196 , HR237 , HR249 , HR260 , HR267 , HR272 , HR278 , HCR85 , HCR100 , HCR105 , HCR107 , HCR114 , HR245 , SCR5 , SCR29 , SCR33 , SCR37 , SCR63 , SCR30 , SCR40 , HB62 , HB193 , HB210 , HB220 , HB246 , HB364 , HB420 , HB475 , HB584 , HB622 , HB772 , HB784 , HB949 , HB953 , HB1043 , HB1070 , HB1092 , HB1134 , HB1162 , HB1176 , HB1196 , HB1214 , HB119 , HB129 , HB233 , HB283 , HB538 , HB789 , HB850 , HB870 , HB1236 , HB1241 , HB54 , HB137 , HB321 , HB368 , HB386 , HB414 , HB431 , HB552 , HB555 , HB578 , HB590 , HB593 , HB618 , HB638 , HB670 , HB692 , HB707 , HB708 , HB715 , HB718 , HB732 , HB741 , HB748 , HB776 , HB796 , HB807 , HB822 , HB848 , HB856 , HB887 , HB888 , HB917 , HB921 , HB1082 , HB1243 , HB1246 , HB378 , HB509 , HB1090 , HB1259 , SB80 , SB131 , SB143 , SB251 , SB254 , SB279 , SB367 , SB384 , SB388 , SB389 , SB398 , SB408 , SB431 , SB468 , SB469 , SB496 , SB4 , SB52 , SB57 , SB83 , SB145 , SB152 , SB194 , SB276 , SB319 , SB333 , SB448 , SB450 , SB465 , SB484 , SB501 , SB509 , SB149 , HR168 , HB463 , HB998 , SB123 , SB353 , SB479 , SB495 , SB82 , SB97 , SB283 , SB326 , SB518 , SB197 , SB268 , HB901 , HR20 , HR74 , HCR65 , HCR71 , HCR98 , HB284 , HB306 , HB341 , HB366 , HB393 , HB458 , HB577 , HB603 , HB605 , HB614 , HB625 , HB646 , HB733 , HB752 , HB773 , HB798 , HB911 , HB955 , HB996 , HB1035 , HB1069 , HB1113 , HB1140 , HB1180 , HB1191 , HB1240 , HB1255 , SB89 , HB74 , HB134 , HB258 , HB359 , HB468 , HB956 , HB1117 , SB29 , SB42 , SB43 , SB78 , SB208 , SB217 , SB274 , SB300 , SB341 , SB379 , SB382 , SB387 , SB401 , SB441 , SB449 , SB487
MN

Minnesota 2025-2026 Regular Session

PFML carveout considered 3/25/26

Minnesota House Floor Meeting

Transcript Highlights:
  • We're very happy when paid leave became a reality, even though as her voluntary CFO, it means a little
  • We're very happy when paid leave became a reality, even though as her voluntary CFO, it means a little
KY

Kentucky 2026 Regular Session

House Standing Committee on Health Services (3-5-26)

Health Services

Transcript Highlights:
  • I'm the CFO of Owensboro Health. Well, welcome. I didn't realize that you were here, Dr. Merley.
  • I'm the CFO at Owensboro Health. We're a rural health system. We have three hospitals.
AZ

Arizona 2026 Regular Session

02/10/2026 - House Education

Education

Transcript Highlights:
  • firm district employees who are in high positions. ...district employees who are in high positions, CFO
  • I mean, is there training for school, you know, CFOs or business managers in regards to making sure that
TX

Texas 89th Regular

Public Health Apr 7th, 2025 at 03:30 pm

Public Health

Transcript Highlights:
  • Richard Benton, we have you registered as the CFO on behalf of Earth Funeral, and you are testifying
  • My name is Richard Benton, and I am the co-founder and CFO of Earth Funeral. ...a funeral home and provider
Committee: House Public Health
Summary: The meeting of the public health committee focused on the pressing issue of opioid addiction in Texas, with a particular emphasis on House Bill 3717. Chairman Harris detailed the bill's intent to fund a grant program for Ibogaine clinical trials, framing it as a critical response to the ongoing opioid crisis. He shared poignant testimonies highlighting the struggles of families and veterans battling addiction and mental health issues. The conversation underscored the necessity of innovative treatments, like Ibogaine, which showed promising results in studies for reducing symptoms of withdrawal and PTSD.
TX
Transcript Highlights:
  • And I'm the CFO for the Workforce Commission. Thank you. Thank you.
  • If the agency could come on up, Ed Serna, Executive Director, and Chris Nelson, CFO. Go ahead.
Bills: SB1 , SB 1
Committee: Senate Finance
TX
Transcript Highlights:
  • , working as a service coordinator, a case manager, a therapist, a director of behavioral health, a CFO
  • They have different CEOs, different CFOs. So building a... Separate, right?
  • They have different CEOs, different CFOs.
Summary: The Select Committee on Veterans Affairs met to hear testimony on interim charge 2, focused on military-to-civilian transition, and later on the role of the Military Veteran Peer Network and broader transition supports. The committee first heard from representatives of Midwestern State University and Wichita Falls, who described partnerships with Sheppard Air Force Base, expanded military student services, scholarship support, and the importance of helping service members connect to education, employment, and community before separation. Witnesses emphasized that successful transition is not just about finding a job, but about creating a warm handoff to local employers, colleges, civic groups, and veteran organizations, and they urged earlier outreach while service members are still on active duty. Testimony from Texas A&M University–Central Texas and the Texas A&M University System focused on the Military Talent Pipeline, credentialing, and workforce alignment. Witnesses said Texas should better capture service members’ skills earlier, improve information-sharing with employers, and expand pathways that translate military training into civilian credentials. A major recommendation was a Texas “medic/corpsman to registered nurse” pathway modeled on Wisconsin’s WISMAC program, along with broader reciprocity and bridging programs for military certifications in fields such as aircraft maintenance, trucking, and other high-demand occupations. Members also discussed the need for more staffing and resources at university veteran offices, and the value of measuring the return on state investment in veteran education benefits such as Hazelwood. The committee then heard from the Texas Veterans Commission’s Mental Health Department on the Military Veteran Peer Network. The witness described peer support coordinators and rural veteran counselors who provide warm handoffs, suicide prevention support, and counseling, especially during the first 18 months after separation, which was identified as a high-risk period. She said the network is effective but too small and needs growth, and noted barriers to base access and TAP participation. Additional testimony from a retired Army officer and transition leader stressed that Texas has many strong programs but weak coordination, and recommended using installation-specific approaches, commander engagement, consent-based data sharing, and stronger links between TAP, state resources, and local communities. A final witness from Onward Ops described upstream enrollment, risk screening, certified peer mentors, and data-sharing to proactively support separating service members; he said the current system leaves veterans to navigate stovepiped programs on their own and called for more community partners, especially in rural areas. No votes were taken during the hearing.
TX
Transcript Highlights:
  • , working as a service coordinator, a case manager, a therapist, a director of behavioral health, a CFO
  • They have different CEOs, different CFOs. So building a...
  • They have different CEOs, different CFOs.
Summary: The Senate Select Committee on Veteran Affairs met on August 26, 2026, adopted its committee rules, and heard opening remarks honoring veterans, military families, and service members who died in a recent Fort Hood helicopter crash. The committee then took up interim charge number two on military-to-civilian transition, with invited testimony from university and community leaders from Wichita Falls and Texas A&M. Witnesses described programs such as Midwestern State University’s Military Education Center, the Sheppard Military Affairs Committee’s community connections, Texas A&M–Central Texas’s military talent pipeline, and campus veteran services that help service members and veterans move into higher education, employment, and community life. Members emphasized that transition should begin well before separation, with better data-sharing, stronger local “warm handoffs,” and more coordination among bases, schools, workforce systems, and community organizations. Testimony focused on practical ways to keep transitioning service members in Texas and match their skills to workforce needs. Witnesses urged earlier outreach before the TAP window, better tracking of service member skills and destination plans, and stronger use of peer mentors and community partners. Several witnesses highlighted the need to recognize military training for civilian credentials, including proposals for a Texas medic/corpsman-to-nursing pathway modeled on Wisconsin’s WISMAC program, and broader reciprocity or competency-based credit in fields such as nursing, aircraft maintenance, trucking, teaching, and other trades. Members asked about AI and future job skills, and witnesses said Texas should better prepare service members for emerging technology jobs and use existing programs more effectively. The committee then heard from Texas Veterans Commission and transition experts on the role of the Military Veteran Peer Network, the Governor’s Challenge on suicide prevention, and the need for more resources and better access to bases. Witnesses said the transition period, especially the first 12 to 18 months after separation, is a high-risk time for suicide, unemployment, housing instability, and loss of purpose. They recommended installation-specific transition plans, stronger coordination between TAP, Texas Workforce Commission, Texas Veterans Commission, and local partners, more trained counselors, expanded College Credit for Heroes use, and better employer apprenticeship pipelines. One witness from Onward Ops said its program has shown an 80% reduction in suicidality among participants and asked for more Texas community partners and certified mentors. No formal votes were taken beyond adopting the committee rules.
MN

Minnesota 2025-2026 Regular Session

House Human Services Finance and Policy Committee 4/9/26

Human Services Finance and Policy

Transcript Highlights:
  • .<00:59:08.800><c> Having</c><00:59:09.120><c> been</c><00:59:09.280><c> a</c><00:59:09.320><c> CFO</
  • Having been a CFO in a numbers.
  • Having been a CFO in a nonprofit<00:59:10.680><c> serving</c><00:59:10.960><c> homeless</c><00:59:11.359
Bills: HF1767 , HF2068 , HF4725 , HF4637 , HF4638
MN

Minnesota 2025-2026 Regular Session

House Fraud Prevention and State Agency Oversight Policy Committee 3/17/25

Fraud Prevention and State Agency Oversight Policy

Transcript Highlights:
  • As she also stated, our CFO and our finance staff team use other state systems to track the money, so
  • and they hired new consultants, and they had moved the internal financial controls division under the CFO
  • and they hired new consultants, and they had moved the internal financial controls division under the CFO
HI

Hawaii 2025 Regular Session

AEN Informational Briefing 01-14-2025

Hawaii Senate Floor Meeting

Transcript Highlights:
  • stock for<01:24:06.880><c> um</c><01:24:07.560><c> Mass</c><01:24:08.159><c> um</c><01:24:08.920><c> CFOs
  • </c><01:24:09.400><c> concentrated</c><01:24:09.800><c> feeding</c> for um Mass um CFOs concentrated
  • feeding for um Mass um CFOs concentrated feeding operations<01:24:10.560><c> which</c><01:24:10.679><
AR

Arkansas 2026 Regular Session

LEGISLATIVE JOINT AUDITING-COUNTIES AND MUNICIPALITIES Aug 13th, 2026

LEGISLATIVE JOINT AUDITING-COUNTIES AND MUNICIPALITIES

Transcript Highlights:
  • Continuing on page 23, the city of HUDD, 2004, under the mayor and the CFO.
Summary: The committee adopted the minutes from its June 4 meeting and then received a series of updates on delinquent municipal and water/sewer reports. Staff reported that three entities had forfeited a combined just under $126,000 in state turnback under Act 453 of 2023 for failure to file required reports, and that several other cities and utilities remained delinquent or were moving toward compliance. The committee also heard that Fargo would be placed on the 50% turnback escrow process for continued noncompliance, while Ulm, Montrose, and several other entities were removed from or deferred in the process after making progress or providing responses. Boxite remained the only private city report still outstanding among one group of filings, and the committee filed or deferred reports as recommended by staff throughout the meeting. Several local officials appeared to explain repeat audit findings and corrective actions. The mayor of Falk described efforts to catch up on audits and said the city had enough money on hand to pay for them, though the committee emphasized that the city had already lost turnback funds under the statute. Lead Hill’s recorder-treasurer said the town had implemented new procedures, including electronic payment ordinances, fixed asset records, and improved receipt and reconciliation practices, but the committee still started the 60-day clock on the report. St. Joe’s new mayor and recorder-treasurer said the town had made substantial progress, so staff withdrew its earlier recommendation to start the clock. Marion County’s treasurer said computer conversion problems were being corrected, and the committee deferred the report until the county judge and sheriff could appear. The committee then reviewed a long list of county, municipal, and utility audit findings, many of them repeat issues involving missing documentation, weak bank reconciliation controls, improper disbursements, and failure to follow municipal accounting law. Notable matters included Cotton Plant’s large unpaid payroll tax liabilities and deficit fund balance, Jefferson County’s procurement and contract issues and an unresolved $305,000 solar panel payment, Wabaseka’s long-running payroll tax delinquency and deficit, and multiple private water and sewer reports involving missing receipts, unsupported payments, or uncollateralized cash balances. Many reports were filed without objection, some were deferred for later response, and several findings involving possible misuse of public funds or improper payments were referred to the prosecuting attorney and Attorney General’s office.
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:
  • My name is Teresa Cooney, and I am CFO of the Neshoba Associated Boards of Health.
Summary: The Joint Committee on Public Service heard testimony on a wide range of retirement, municipal workforce, and public employee labor bills. Early testimony focused on H. 2749, a Plymouth home rule petition to classify Plymouth harbormaster employees as Group 4 for retirement purposes. Supporters, including local officials and retirement board representatives, argued the employees perform law-enforcement and rescue duties comparable to police and fire personnel, that the change would be fair, and that it would have little or no fiscal impact on the town. A separate harbormaster-related bill, H. 2743, was also introduced later in the hearing. The committee also heard testimony on provisions of the Municipal Empowerment Act (H. 56), including a temporary critical-shortage exemption allowing retired state or municipal employees to return to work in hard-to-fill positions, and a renewed OPEB commission to study retiree health care costs. Administration and municipal officials said the measures were needed to address staffing shortages and rising benefit liabilities, while emphasizing the shortage exemption would be time-limited and require proof of recruitment efforts. Related retirement bills drew support and caution: advocates for higher COLA bases and enhanced COLA benefits urged relief for retirees, but some asked the committee to wait for recommendations from the special COLA commission before acting. A major portion of the hearing concerned labor rights at the Massachusetts Water Resources Authority and the Committee for Public Counsel Services. Union representatives and employees backed bills to extend just-cause protections, promotional rights, and collective bargaining rights to MWRA and CPCS workers, arguing they currently lack protections available to most other public employees. Testimony described unfair discipline, delayed promotions, and high turnover, and committee members indicated prior favorable action on similar MWRA bills and expressed support for addressing CPCS labor rights. The committee also heard from representatives of the Massachusetts Municipal Association and public higher education employees in support of H. 2820, which would require timely funding of ratified state employee contracts, with witnesses describing long delays in receiving negotiated raises and back pay. No votes were taken during the hearing, and the chair repeatedly invited written testimony and closed each panel after questions.
NH

New Hampshire 2026 Regular Session

Fiscal Committee (06/19/2026)

Transcript Highlights:
  • I'm the acting CFO. >> Thank you.
Summary: The Fiscal Committee opened by approving the May 15 minutes and then recognized Pam Ellis for her long service with the Legislative Budget Assistant’s office and upcoming retirement. The committee adopted the consent calendar with two items removed for separate consideration, then approved transfers for the Administrative Office of the Courts and the Department of Environmental Services after questions about court benefit costs and dam project funding. The Department of Health and Human Services also received approval for a general fund transfer item. A major portion of the meeting focused on the Youth Development Center settlement fund. New administrator Jared Boyle, joined by the Attorney General, described the fund’s remaining caseload, the payment matrix, and the need for additional funding to begin hearings in August. Members raised concerns about administrative costs, attorneys’ fees, payday loans, structured settlements, and the long-term fiscal impact on the state. Boyle requested $55 million, but the committee ultimately approved a reduced appropriation of $20 million, with members noting the possibility of returning for more funding later depending on revenues and the October revenue review. The Department of Corrections then received approval for a smaller shortfall transfer and a larger overtime-related transfer, with officials citing a 52% corrections officer vacancy rate, ongoing recruitment, academy classes, and efforts to use civilian staff in some non-security roles. A late item from the Veterans Home was also approved to cover overtime, holiday pay, and indirect cost shortfalls within its existing budget. The committee then heard an informational presentation on implementation of Senate Bill 134 and the new federal Medicaid work-requirement rule. DHHS said it plans to submit a state plan amendment, seek approval for hardship exceptions, start with one eligibility check cycle, and use existing federal grant funding to make system changes. Finally, the committee received a performance audit of the Doorway opioid treatment program, which found weak written procedures, incomplete data use, reimbursement delays, and problems with the Governor’s Commission on Addiction Treatment and Prevention. Members discussed follow-up reporting, and the next Fiscal Committee meeting was scheduled for August 21 at 11:00 a.m.
MO

Missouri 2026 Regular Session

Children and Families May 4th, 2026 at 01:00 pm

Children and Families

Transcript Highlights:
  • We've got, I mentioned, several unfunded mandates, too, that our CFO is constantly presenting to us:
LA

Louisiana 2026 Regular Session

Insurance Apr 29th, 2026

Insurance

Transcript Highlights:
  • we're talking about here are essentially municipal governments that rely on brokers and experts and CFOs
Committee: House Insurance
Summary: The House Insurance Committee met on April 29 with a quorum present and took up several insurance and health care-related bills. SB 192, a dental reimbursement bill, was amended to allow dentists to opt in electronically to credit-card payment methods and to clarify applicability and effective date; it was reported as amended. SB 84 would require prostate cancer screening coverage for men over 40 under current clinical guidelines and prohibit cost-sharing; supporters from the American Cancer Society said Louisiana has a high incidence of prostate cancer and that out-of-pocket costs deter early screening. The committee adopted amendments and reported the bill as amended. SB 275, dealing with reimbursement and network participation for certified registered nurse anesthetists, drew support from nursing and hospital groups and was reported favorably. SB 169, a cleanup bill on biomarker testing, was also amended and reported. The committee spent substantial time on SB 401, which creates a temporary prescription drug affordability board to review pricing data on selected drugs and report findings to the legislature. Supporters said the board would improve transparency and help lawmakers understand drug pricing trends; opponents raised concerns about confidentiality, market effects, and the lack of a defined policy outcome beyond reporting. Amendments narrowed the scope, added confidentiality protections, and removed opposition cards, and the bill was reported as amended. SB 387, a major PBM reform bill tied to SB 401, would change PBM compensation, rebate handling, formulary practices, audits, and appeals, while excluding ERISA plans after discussion and amendment. Supporters argued it would curb spread pricing and other practices that raise costs, while opponents from the Pelican Institute and PCMA warned it would interfere with private contracts, reduce flexibility, and could raise premiums or disrupt city, school board, and small-group plans. After extensive debate and a roll call, SB 387 was reported with amendments by a 10-4 vote. The committee also considered SB 241, which requires certain insurance adjusters and public adjusters to include license numbers in written communications. After amendments limiting the requirement to individual licenses and removing one statutory reference, the bill was reported as amended. Throughout the meeting, members and witnesses repeatedly discussed the need for transparency in drug pricing and PBM practices, the role of ERISA and non-ERISA plans, and potential impacts on public employers and consumers.
LA

Louisiana 2026 Regular Session

Insurance Apr 29th, 2026

Insurance

Transcript Highlights:
  • we're talking about here are essentially municipal governments that rely on brokers and experts and CFOs
Committee: House Insurance