Transcript Highlights:

• I think that is good fiduciary relationships of advising folks what to do. Thank you.
• There are... good fiduciary relationships of advising folks what to do. Senator Sunderation.

Summary: The joint House Ways and Means and Senate Finance committees met to hear identical Arizona tax conformity bills, HB 2153 and SB 1106, which would conform state tax law to the federal Internal Revenue Code as of Jan. 1, 2026, with some provisions applied retroactively to tax year 2025. Staff explained that the bills exclude the federal senior deduction for those 65 and older, the higher state and local tax deduction, and the new car loan interest deduction, while including a $6,000 retirement-income deduction for taxpayers 60 and older, a $6,000 Roth IRA contribution deduction, a higher dependent tax credit, and a deduction for child and dependent care expenses above the federal credit. The JLBC fiscal note estimated a $441.3 million general fund revenue loss in FY 2026, and members discussed that this was roughly the same as full conformity because the bill’s adjustments offset some of the federal changes. Bill sponsors and supporters argued the measure should be enacted early to give taxpayers and tax preparers certainty before filing season, noting that the Department of Revenue had already issued forms assuming conformity and that delay could force amended returns. They said the bill reflects a negotiated package that preserves most of the federal tax relief while tailoring it for Arizona, especially by lowering the senior deduction age to 60 and replacing the auto loan deduction with family-focused provisions such as the higher child credit and child care deduction. The Arizona Society of CPAs and the Arizona Free Enterprise Club supported the bills, emphasizing the need for early conformity and fewer filing complications. Opponents, including Save Our Schools Arizona, the Arizona Center for Economic Progress, Opportunity Arizona, and several individuals, argued the package would reduce state revenue, worsen the structural deficit, and mainly benefit higher-income taxpayers and corporations. Some witnesses criticized the inclusion of federal school-choice-related provisions and warned about uncertainty around future federal guidance, while others said the bill should not move ahead before the budget process. Members also debated whether taxpayers would need to file amended returns if the state later diverged from the Department of Revenue forms, and whether the senior and child care provisions were targeted or equitable. The transcript ends during public testimony, with no final committee vote or action shown.

Transcript Highlights:

• Trust in our government to do the right thing and fulfill its fiduciary duty.
• FIDUCIARY DUTY.

Bills: HB2181 , HB1510 , HR1000 , HB3425 , HB3424 , HB3428 , HB3423 , HB3055 , HB2591 , HB4550

Keywords: Inspectors General, removal standard, government oversight, accountability, transparency, IG, watchdogs, federal oversight, executive branch, presidential removal, for-cause removal, independent oversight, anti-corruption, waste fraud and abuse, malfeasance, gross mismanagement, gross waste of funds, abuse of authority, inefficiency, neglect of duty

Transcript Highlights:

• We also have a fiduciary responsibility to make sure that the funding that we receive is spent in accordance
• We also have a fiduciary responsibility to make sure that the funding that we receive is spent in accordance

Summary: The Budget Review Subcommittee on Health and Family Services held its first meeting and received an overview from the Department for Medicaid Services on Medicaid’s behavioral health and substance use disorder services. Commissioner Lisa Lee and CFO Steve Beal said Kentucky Medicaid serves about 1.4 million members, including over half of Kentucky children, with 485,000 expansion members, more than 69,000 enrolled providers, and total fiscal year 2024 expenditures of $18.5 billion. They said Kentucky covers a broad range of behavioral health services, and behavioral health provider enrollment has grown from a little over 4,500 in 2019 to nearly 8,000 in 2024. They also described how Medicaid spending and utilization are tracked through claims and encounter data, with most members served through managed care organizations. Members focused on sharp increases in certain behavioral health billing codes, especially peer-to-peer services, and asked about reimbursement, utilization review, and whether the growth reflected increased need or expanded coverage. DMS said the rise was partly tied to combining facility and nonfacility behavioral health fee schedules in 2023, choosing the higher reimbursement rate to avoid cuts, and that the department has seen an uptick in peer-to-peer services. In response to concerns about overutilization, DMS said it mailed a letter to behavioral health providers, is considering limits and prior authorizations for some services, and plans to create a standardized monthly behavioral health report to monitor trends consistently and identify when controls may be needed. Lawmakers also asked whether the provider network is sufficient and whether access is adequate, especially for children. DMS said provider enrollment has expanded because behavioral health services were added to Medicaid in 2014 and because demand increased after COVID, but acknowledged studies showing children have less access than adults and said that would be an area of focus. The department said managed care organizations are required to ensure access to needed services and that current trends indicate access is available, though one member disagreed and said workforce shortages remain a major concern. Another member asked about non-emergency medical transportation spending, and DMS explained that it is handled through a capitated arrangement administered by the Transportation Cabinet rather than directly by the managed care organizations.

Transcript Highlights:

• That structure can be efficient, but unlike assets held in trust, there is no trustee or fiduciary responsible
• different funds that are like this, that this bill will also attempt to get a better view in for other fiduciaries
• And all told, we have over... ...in for other fiduciaries like myself, and all told we have over a trillion

Committee: Senate Judiciary

Summary: The committee heard several bills, with testimony largely focused on child safety, immigrant community transparency, agricultural land security, consumer protection, estate transfers, detention commissary pricing, and public works wage enforcement. SB 1234 would require fentanyl to be included in drug tests ordered by juvenile courts for parents or guardians in dependency cases; the author said it was a narrow child-safety measure, and there was no opposition. SB 1257 would require the Attorney General to publish annual reports on immigration enforcement incidents at designated safe locations; supporters said it would improve accountability and document fear in immigrant communities, while questions centered on how the data would be collected and concerns were raised about sanctuary policies. SB 1176 would bar foreign adversary entities from buying or controlling California agricultural land; supporters framed it as a national security measure, while committee members pressed the author on enforcement, who would verify buyers, and possible discriminatory application. The bill was moved on a 2-4 vote and placed on call after the author said he would work on clarifying responsibility and nondiscrimination concerns. The committee also heard SB 1146, which would require clear disclosure when AI-generated or altered images, audio, or video are used in health-related advertisements depicting health care providers. The California Medical Association and California Dental Association supported the bill, saying it would curb deceptive deepfake ads and protect consumers; it passed unanimously, 7-0. SB 988 would restrict assignment of benefits in auto glass claims, require claim numbers and itemized estimates, and update repair disclosure rules to curb overbilling and steering; supporters said it would protect consumers and stabilize insurance costs, while independent glass shop concerns about steering and market concentration were discussed. The bill passed 7-0, with one member abstaining because of a conflict. SB 1288, presented on behalf of Senator Laird, would require financial institutions to make good-faith efforts to notify beneficiaries of non-probate assets and would simplify access requirements, especially for nonprofits. Supporters described long delays and burdensome account-opening requirements; SIFMA and the California Bankers Association opposed the bill unless amended, citing conflicts with federal and industry obligations and concerns about retroactive burdens. The bill passed 8-0. SB 941 would cap commissary markups in private immigration detention facilities at 35% above vendor cost; supporters said detainees often pay excessive prices for basic necessities, and the bill passed 8-0. Finally, SB 909 would raise and index public works contractor fees and penalties and dedicate more penalty revenue to enforcement; labor supporters said stronger funding is needed to address wage theft and backlogs, while contractors warned of uncapped costs and reduced transparency. The discussion continued with questions about enforcement and whether stronger penalties or license restrictions would better deter repeat violators.

Transcript Highlights:

• That structure can be efficient, but unlike assets held in trust, there is no trustee or fiduciary responsible
• different funds that are like this, that this bill will also attempt to get a better view in for other fiduciaries
• In for other fiduciaries like myself, and all told we have over a trillion dollars invested in these

Committee: Senate Judiciary

Transcript Highlights:

• AB 1939, Flora, professional fiduciaries, do pass as amended to clarify the fee.

Summary: The Assembly Appropriations Committee held a suspense-file hearing on May 14, 2026, reviewing hundreds of Assembly bills and a few committee bills. The chair opened by explaining the committee’s budget constraints and the factors used in suspense decisions, including fiscal impact, return on investment, effects on constituents, and protection of the state’s social safety net. The agenda was organized alphabetically by author, and the committee noted that results would be posted later that day online. The committee then acted on a very large number of measures, sending many bills to the Assembly floor on do pass or do pass as amended motions, while holding many others in committee. Topics covered a broad range of policy areas, including housing, health care, education, labor, public safety, wildfire mitigation, water, energy, transportation, cannabis, immigration, and state governance. Many bills were amended to narrow scope, make implementation contingent on appropriations or existing resources, remove provisions, or clarify agency responsibilities; several bills were held without further action. Among the notable actions, the committee advanced bills on items such as Medi-Cal services, child care, wildfire-related programs, housing financing, school and college issues, public safety and criminal justice, environmental and energy policy, and various consumer and business regulations. Some measures were sent out on A or B roll calls, with Republicans often not voting on amended bills. The hearing concluded after the committee reported that a large number of bills had been moved to the Assembly floor, either as do pass or do pass with amendments, and the committee adjourned.

Transcript Highlights:

• We are, as public servants, fiduciaries to the public. We hold their funds. We hold their trust.

Summary: The Senate Committee on Rules established a quorum and first approved several governor’s appointments not required to appear, including Rick Simpson to the Commission on Teacher Credentialing and Trinidad Solis, M.D., and Gerald Talbert, M.D., to the Medical Board of California. The committee also approved reference of bills to committees and floor acknowledgments before moving to State Bar appointments requiring testimony. The committee heard from George Cardona, reappointed as Chief Trial Counsel of the State Bar, who described reforms made after the Girardi matter, efforts to reduce discipline disparities, backlog reduction measures, and staffing shortages tied to a vacancy rate and increased incoming complaints. Senators questioned him about safeguards against misconduct, the John Eastman disbarment case, discipline disparities affecting Black and Latino attorneys, unauthorized practice of law by notarios, and the use of AI in complaints and pleadings. Public witnesses from the State Bar, SEIU Local 1000, and others supported his confirmation, and the committee voted 3-0 to advance him to the full Senate. The committee then heard from Laura Enderton Speed, nominated as Executive Director of the State Bar. She emphasized restoring public trust, improving operations, addressing the February 2025 bar exam problems, and strengthening discipline and admissions processes. Senators asked about the State Bar’s structural budget deficit, the ongoing audit and investigations related to the bar exam, conflict-of-interest safeguards after Girardi, and plans for the future of the bar exam. Public testimony was uniformly supportive, and the committee voted 5-0 to advance her nomination to the Senate floor. The meeting concluded with final votes on the earlier items, thanks to Senator Jones for his service on the committee, and adjournment to executive session after a cake presentation.

Transcript Highlights:

• Similarly to a fiduciary responsibility, if I was on the board of directors and there's a company, you

Bills: HB2735 , SB5868 , SJM8006

Committee: House Civil Rights & Judiciary

Keywords: family law, constitutional floor, legal standards, child custody, divorce, SB 5868, superior court, judge, judgeship, judicial vacancy, court administration, Skagit County, Yakima County, RCW 2.08.061, Washington courts, county judges, caseload, docket backlog, judicial workload, elected judge

Transcript Highlights:

• Louis County have a fiduciary obligation to the constituency that put them in office.

Committee: House Local Government, Elections and Pensions

Summary: The Committee on Local Government first met in executive session and voted House Bill 2096 do pass by a roll call vote of 14 ayes and 0 noes. The committee then opened a public hearing on House Bill 1733, the Missouri Firefighter Bill of Rights, sponsored by Representative Wellencamp. The sponsor said the bill was intended to create statewide due-process protections for firefighters, paramedics, EMTs, and dispatchers employed by public agencies, including rules for investigations, interrogations, locker searches, discipline, and political activity. He said the bill was meant to address inconsistent procedures across departments and to protect workers from unfair treatment, while not limiting legitimate management investigations. Committee members questioned several parts of the bill, especially the scope of the immunity language, whether volunteer firefighters and fire districts were covered, and whether the bill would interfere with existing collective bargaining agreements or management’s ability to investigate misconduct. Supporters, including representatives from firefighter organizations, argued that the bill would provide needed statewide standards, clarify Garrity rights, protect political participation, and ensure fair disciplinary procedures. They said many departments lack consistent protections and that some firefighters have faced unfair investigations or terminations. Opponents, including representatives of fire protection districts, ambulance associations, and municipal risk-management groups, argued the bill was too broad, redundant, and likely to create litigation. They said many of the protections already exist through contracts, policies, or other laws, and raised concerns about the criminal immunity language, locker-search restrictions, and possible interference with EMS “hot wash” reviews and patient-care improvements. Several opponents also objected that the bill would impose a one-size-fits-all statewide mandate and could affect local control. The hearing closed without further action on House Bill 1733, and the committee adjourned.

Transcript Highlights:

• And part of that responsibility of being elected is to pass fiduciary items.

Committee: Senate Senate Finance Committee of Reference

Summary: The committee heard several tax, retirement, and property-related measures. SB 1215, the so-called “comma bill,” was described as a technical correction to firefighters’ cancer coverage language: it reorganizes the listed cancers into a column format to avoid comma-delimitation confusion, and an amendment removed unintended police-officer language. The bill was amended and passed 6-1. SB 1180 would codify the Department of Revenue’s practice of assuming federal tax conformity for above-the-line items when preparing state tax forms; DOR said it would not have changed this year’s executive-order-driven changes, and the bill passed 7-0. SCR 1028, a referral to voters, would narrow an existing exception under Prop. 108 for agency-set fees and assessments; supporters said it would curb delegation of taxing authority, while opponents warned it could hinder public services and business operations. The resolution passed 4-3. The committee also advanced several other measures. SB 1292 clarifies that the Public Safety Personnel Retirement System’s 5% ownership cap applies only to publicly traded corporations, to avoid problems with investment funds being classified as corporations; PSPRS supported it, and it passed. SB 1294 restores county assessors’ authority to prorate property value for property destroyed in any manner, while preserving the five-year classification protection for property destroyed by verifiable accident; it passed 6-1. SB 1430, the annual tax corrections act, made minor cleanup changes and codified current practice, and passed unanimously. SB 1270 would allow CORP employers to make optional supplemental defined-contribution incentive payments of up to $5,000 to certain Tier 3 corrections employees to aid recruitment and retention; supporters called it an optional tool, while some members raised concerns about county costs and pension policy, and it passed 6-1. SB 1290 drew the most extended debate. It requires advance notice and inspection reports for property inspections by DOR and county assessors and bars repeat on-site inspections of agricultural property for three years after an inspection. Farm and ranch groups said the bill would improve transparency and reduce repeated disputes over agricultural classification, while county assessors opposed it, arguing it would add costs, create inconsistent reporting, and interfere with their duty to inspect and value property annually. The bill passed 4-2 with one member not voting, and the chair noted it would likely remain a work in progress.

Transcript Highlights:

• really important because you have small business owners who have skin in the game, who now have a fiduciary

Committee: House Health and Mental Health

Summary: The Committee on Health and Mental Health met with a quorum, first voting in executive session to do pass House Bill 1977 and House Bill 2146, both by unanimous 12-0 roll call votes. The committee then heard House Bills 1680, 1966, 2296, and 2642, a package sponsored by Representatives Stinnett, Haden, Sites, and Peters aimed at requiring health plans to cover non-opioid medications for acute pain without forcing patients to try opioids first or pay higher cost-sharing. Sponsors and supporters described the bills as a response to opioid addiction and argued they would preserve patient choice and improve access to safer pain management options. Several witnesses from healthcare, recovery, and advocacy groups testified in favor, including the Missouri State Medical Association, PreventEd, Reach Healthcare Foundation, and recovery organizations, with multiple members sharing personal stories about opioid dependence and overdose. Opponents from the Missouri Insurance Coalition and America’s Health Insurance Plans said they supported the goal but objected to the drafting, arguing the language was too narrow, appeared to center on one FDA-approved non-opioid drug for acute pain, and would limit insurers’ ability to use formularies, step therapy, and cost-sharing differences. Committee members pressed the insurance witnesses on whether insurers should override physician judgment, and sponsors said they were open to discussing broader language. No vote was taken on these bills during the hearing. The committee also heard House Bill 2596 from Representative McGaugh, which would update Missouri law governing multiple employer self-insured health plans (MEWAs) for small businesses. The Missouri Chamber of Commerce and several chamber and business witnesses supported the bill, saying the plans help small employers pool risk, offer competitive health benefits, retain workers, and remain affordable; they said the bill would modernize eligibility rules for sole proprietors with employees and update surplus requirements to a more risk-based standard. Committee discussion focused on how the plans work, their solvency protections, and the difference between this arrangement and the Farm Bureau plan. No opposition was presented, and the hearing on HB 2596 concluded without a vote.

Transcript Highlights:

• more structured way, and oftentimes, a little more structured way, and oftentimes with governance, fiduciary

Committee: House Higher Education and Workforce Development

Transcript Highlights:

• Being good fiduciaries of the taxpayer dollar is one of my concerns that I hope you all can address in

Bills: HB2 , HB2

Committees: Senate Education , Senate Education K-16

Transcript Highlights:

• adjusters, adjusters, etc., should be licensed because they have to interpret the policy due to their fiduciary

Bills: HB813 , HB1680 , HB3569 , HB4074 , HB4635 , HB5178 , SB527 , SB1307 , SB1822

Committee: House Insurance

Keywords: autism, health insurance, coverage, medical treatment, health benefit plan, HIV prevention, prescription drug, prior authorization, health benefits, insurance coverage, insurance, contract termination, property and casualty, insurance agents, discrimination, appraiser, umpire, licensing requirements, continuing education, admin penalties

Transcript Highlights:

• purview. that I were the Secretary's designee to the board of AGM, I would commit to be a responsible fiduciary

Committee: Senate Foreign Relations Committee

Keywords: Senator Flinstone, HB22, SB4, amendments, public testimony, legislation, environmental impact, economic implications

Summary: The meeting featured a thorough examination of various bills, including substantial discussions on HB22 and SB4. Key points included amendments proposed by committee members, particularly from Senator Flinstone, who emphasized the need for clarifications on certain provisions. The committee actively engaged with several witnesses providing public testimony, some in favor of the proposed legislation while others highlighted concerns and potential implications. The discussions were vibrant, showcasing different perspectives, especially on the environmental and economic impacts of the bills in question. The meeting concluded with a consensus to reconvene after a recess to further address the outstanding issues related to the bills.

Transcript Highlights:

• open mind and a commitment to promoting transparency and accountability, as well as upholding my fiduciary

Committee: Senate Nominations

Transcript Highlights:

• Tanago is having a fiduciary.

Committee: Senate Subcommittee on Crime and Counterterrorism

Keywords: Stop CSAM Act, child exploitation, online safety, reporting requirements, tech accountability, NCMEC, survivor support, legislative testimony

Summary: The committee meeting centered around the urgent need to address child sexual abuse material (CSAM) online, focusing primarily on the testimony and discussions surrounding the Stop CSAM Act. Several witnesses, including representatives from law enforcement and advocacy organizations, highlighted the significant drop in reports of child exploitation cases despite an alarming increase in actual incidents. Concerns were raised about tech companies' reporting practices, with calls for more stringent requirements to ensure timely and accurate reporting of suspected abuse. The legislation aims to fortify protections for child victims by imposing stricter obligations on tech platforms to report incidents and support law enforcement in investigations.

Transcript Highlights:

• That means we have an opportunity and a responsibility to make sure that the fiduciary responsibility

Committee: Senate Criminal Justice

Summary: The committee heard a presentation from Department of Juvenile Justice Secretary Eric Hall on the Florida Scholars Academy, a new unified education model for youth in residential commitment programs. He explained that the academy replaced the prior decentralized district-run system with a contracted model through Florida Virtual School, allowing individualized blended learning, real-time progress monitoring, expanded special education services, and a broader course catalog including dual enrollment, CTE, GED testing, and postsecondary pathways through the Florida Youth College partnership with Tallahassee State College. Hall said the department is using data to focus on academic achievement, workforce credentials, and peer-group change as strategies to reduce recidivism, and reported early results including 60 diplomas or GEDs, a 5.5% teacher vacancy rate, and progress-monitoring gains for most students. Hall also reviewed implementation of House Bill 1181 on swift accountability and juvenile justice reforms. He said the law strengthened pre-arrest delinquency citation use, raised the target for eligible citations to 70%, required written justification for releasing youth charged with certain felony firearm offenses, and directed the department to develop a firearm-offending curriculum focused on avoidance and consequences. He described a new statewide graduated sanctions matrix for probation technical violations, intended to provide quicker and more consistent responses without overburdening courts. He said early data showed reductions in weapons/firearm offenses and auto theft, and that the department had conducted circuit-level outreach to law enforcement, courts, and providers to support implementation. Members asked about the number of unauthorized alien children in detention or residential care, teacher vacancies and whether instruction continues when staff are absent, screen-time and supervision concerns with laptops, and whether students are reentering local schools with improved academic performance. Hall said he did not have data on immigration status, that FLVS and classroom staff provide continuity when teachers are absent, that devices are checked in and out and security has been tightened, and that the department is still early in implementation but is hearing positive anecdotal feedback from parents. Vice Chair Smith asked for more detail on the firearm curriculum, and Hall offered to provide it. The committee took no formal votes and adjourned after no public testimony was offered.

Transcript Highlights:

• non-profit, but we spend a lot of time with members on best practices and effective governance and the fiduciary

Summary: The Joint Committee on Aging and Independence commission meeting focused on continuing care retirement communities (CCRCs), with members and presenters discussing how the model works, consumer protections, and areas for future review. After member introductions, Jennifer Fuller summarized survey results showing the top priorities as financial viability and affordability, consumer protections and rights, and regulation/monitoring standards. The commission said those issues would guide its work plan, while also keeping staffing, definitions, and federal support on the radar. Alyssa Sherman of LeadingAge Massachusetts and Jim Freiling of Brookhaven at Lexington gave a detailed overview of CCRCs, explaining that they combine housing with health-related services under long-term contracts and typically require entrance fees plus monthly fees. They described the three common contract types: Type A/life care, where costs stay relatively stable if residents need more care; Type B, which offers some included or discounted care with higher costs later; and Type C, fee-for-service, with lower entrance fees but higher costs if care needs increase. They also discussed nonprofit governance, resident involvement, and the role of state and Attorney General disclosure requirements. Several members raised concerns about affordability, refund timing, and the need to distinguish true CCRCs from other senior housing marketed similarly; presenters said refunds are often tied to reoccupancy and that their organizations are collecting data on refund timelines and contract terms. The discussion also covered resident rights and governance, including whether residents should have seats on nonprofit boards. Christine Griffin said her community lacks resident board representation and urged the commission to consider a state requirement, while others said resident associations and direct engagement with boards can be more effective than mandatory board seats. Members also discussed transparency around monthly fee increases, financial screening before admission, and the importance of clear marketing so consumers understand what they are buying. No votes were taken. The meeting ended with logistical updates, including a tentative public hearing date of June 3, 2025, a note that the next meeting would focus on regulation and monitoring standards, and a reminder that the commission would continue refining its work plan based on survey feedback.

Transcript Highlights:

• AB 1939, Flora, professional fiduciaries, do pass as amended to clarify the fee.

Committee: House Appropriations