Transcript Highlights:

• I will support recruitment around the clock helping prospective students matched to the right programs
• But we have to provide the basics, start the packages in order to cover the cost in these here, doing
• The ones that are right, packages them and off they go off, they go to the Barca.
• from them on what are the job openings that is this now where the projected job openings and then we match
• that identified the National annual Growth of Administration at 3.5% every year and then actually matches

Transcript Highlights:

• they were not because of compensation; they were because we took too long in putting together the package
• Center and the School of Medicine to try and bring these providers in as quickly as possible, put the packages
• Insurance package under the Cancer Center itself? Thank you, Madam Chair.
• So if federal or state behavioral health funding contracts, or if federal matching monies fall through
• And, you know, let's not gloss over, at least at this point, it's about a three-to-one match from the

Transcript Highlights:

• This ensures consistent testing, taxation, packaging, age verification, and enforcement, regardless of
• Bennett for bringing this bill forward and for working with my committee staff to make sure our bill package
• It was a dream match, but after she accepted the offer, we waited and waited.
• example of a business that would be hurt here, a reputable small business here in California that matches
• Packaging hardware. machinery compost every sector of the cannabis supply chain is facing inflationary

Keywords: 988, house, all

Transcript Highlights:

• You are offering us an attractive package to come here, but it's none of it is money directly to us."
• We're either matching<01:37:23.199> matching<01:37:23.600> federal<01:37:24.000> innovation
• matching matching federal innovation matching matching federal innovation dollars,<01:37:25.600>
• And when we come and ask for more match so that it isn't a handout, we are told no.
• And ask for more match so that it isn't a handout, we are told no.

Keywords: 916, all

Transcript Highlights:

• , not just Pre-K, but a total package for all of our families and all of our kids.
• , not just Pre-K, but a total package for all of our families and all of our kids.
• , not just Pre-K, but a total package for all of our families and all of our kids.
• safety packages that went to the state. safety packages that went to the state.
• the sign on the door going to match the sign on the door going to match what's<01:31:52.960>

Keywords: Call to Order and Roll Call – 0:00:04 Approval of Minutes – 0:03:57 United Way of Southern Kentucky –0:04:30 Preschool Education – 0:36:46 School Safety Updates – 1:01:41 Kentucky Association of School Superintendents – 1:41:47 Educational Cooperatives – 1:55:18 Adjournment – 2:07:37, 958, all

Summary: The committee opened its sixth meeting of the 2025 Interim Joint Committee on Education, confirmed a quorum, recorded attendance votes, and approved the minutes. Chair Lewis reminded presenters to keep remarks brief because of the full agenda and limited time. The first presentation was from United Way of Southern Kentucky, with Anne Puckett, Craig Browning, and Warren County Schools Superintendent Rob Clayton introducing a regional early childhood initiative. The presenters argued that kindergarten readiness and early childhood support are critical to later academic and life outcomes. They cited research and statistics about brain development in the first five years, the effects of unprepared kindergarten entry, and links between low literacy, school discipline, dropout rates, and incarceration. They said their region’s readiness scores fell during COVID and after a tornado, and that the most effective response was in-home parent education to help families support children from birth to age five. They described the model as voluntary, community-based, and not requiring new buildings, and said similar programs have been successful in Missouri. The group said it had already raised more than $1 million in private donations and committed three years of funding for four additional staff, expanding service in Allen, Logan, and Warren counties. They requested $600,000 per year for the next two-year budget cycle to add 12 more educators, serve about 360 families and 660 additional children, and build evidence for a possible statewide model. Members generally expressed support for the concept, with Representative Tipton and Representative Jackson discussing a prior home-based preschool pilot and the importance of starting early. Representative Calloway questioned whether increased family chaos and government involvement justified the approach; presenters responded that the program uses community educators, not a government-run organization, and is aimed at helping overwhelmed families. Representative Stalker asked about eligibility and early intervention, and presenters said the program serves children from birth to age five and can help identify needs early enough to connect families with services such as First Steps.

Transcript Highlights:

• It's a practical package built around one goal: again, to make Minnesota more affordable.
• And you think there's federal matching dollars for some of the long-term...
• And you think there's federal matching dollars for some of the long-term...
• And you think there's federal matching dollars for some of the long-term... the job at hand, get good
• > dollars<00:10:04.840> for there's federal matching dollars for there's federal matching

Keywords: 1183, house

Summary: House Republican leaders unveiled their “North Star Comeback” budget plan, describing it as a focused effort to make Minnesota more affordable, reduce government waste, and strengthen the economy. They said the package would include a $3.8 billion tax cut proposal with one-time property tax relief, elimination of taxes on tips and overtime, childcare relief, lower car tab fees, and funding for schools through scholarship-granting organizations. They also framed the plan as a response to rising costs for groceries, housing, energy, insurance, and childcare. A major emphasis of the rollout was government accountability, especially a strong Office of Inspector General bill and IT modernization to reduce fraud. Leaders said the OIG proposal had moved out of committee and was now in Ways and Means, with a working group continuing to reconcile House and Senate differences. On IT modernization, Chair Paul Torkelson said the plan would likely use a two-pronged approach, with about $15 million for near-term needs and a longer-term fund for ongoing technology upgrades; he said many such investments could qualify for federal matching dollars. The leaders also highlighted Medicaid conformity, saying Minnesota should align with federal changes to avoid losing funding, and they discussed a property tax rebate proposal as a one-time $1 billion return to taxpayers to offset higher property taxes. In response to questions, they said many of the budget items were still moving through the process and some had not met finance deadlines, while others were already in bills. They repeatedly criticized House Democrats for blocking or delaying Republican proposals and said they wanted bipartisan cooperation to pass the plan this year.

Transcript Highlights:

• or they've shown that they are eligible for a waiver of that match.
• So can these funds be used as matching funds for the federal side of it?
• Really, the point of the bill is to provide funds for matching federal funds.
• And that's 95% state funding with a 5% entity match. Next page, page 10, District 4.
• I think we matched with District 5 almost to a T. We're asking for $10,075,000.

Keywords: 996, all

Summary: The committee heard a District 5 New Mexico Department of Transportation presentation from Rhonda Lopez, who reviewed the district’s FY26 budget, staffing vacancies, and the status of special appropriations from 2020 through 2025. She described numerous completed and ongoing projects across the district, including roadway overlays, bridge work, intersection improvements, ADA upgrades, and maintenance projects, and also summarized STIP, TPF, LGRF, and equipment needs. Members asked about a guardrail issue near U.S. 64 in Hogback, the 5% local match for TPF projects, and the status of the New Mexico 371/U.S. 36 intersection funding agreement with the Navajo Nation; DOT said the match is secured or waived where applicable and that the Navajo agreement is nearly finalized. The committee then heard House Bill 270, which would amend the Public Works Apprentice Training Act to require contributions to apprenticeship and training programs for certain public works contracts, including highway-related work, while creating an exception where no approved apprenticeship program exists for a trade classification. The sponsor said the bill was intended to strengthen workforce development and support apprenticeship training. Contractors and asphalt industry representatives opposed the bill, arguing it would raise road project costs and duplicate existing training contributions. A motion to table failed on a tie, and a later motion to pass also failed on a tie, leaving the bill in committee. Next, the committee heard House Bill 322, which would create a transportation trust fund and transportation program fund, dedicate additional revenue sources including a portion of electricity GRT and motor vehicle excise tax, and begin annual distributions for federal matching funds in 2029. The sponsor and supporters said the bill would help address a multi-billion-dollar road funding gap, improve maintenance, and provide a stable source for matching federal dollars. Some members raised concerns about the electricity tax component, its effect on utility bills, and overlap with recently enacted transportation financing measures; others supported the concept but questioned timing and funding priorities. A motion on the bill resulted in a tie and failed, leaving the bill in committee. The meeting concluded with a District 4 NMDOT legislative presentation. The district outlined its geography, budget, staffing vacancy rate, completed special appropriations, active construction and maintenance projects, wildfire-related recovery work, local government funding allocations, and equipment replacement needs. Members asked about school district uses of local funding and the impact of aging equipment and weather on maintenance costs. The presentation ended without any formal action on District 4 items, and the committee adjourned.

Transcript Highlights:

• So it was moved from what had matched the federal Pell Grant at the last day of the fiscal year to the
• So it was moved from<00:45:38.319> what<00:45:38.560> had<00:45:38.880> matched<
• 00:45:39.200> the<00:45:39.359> federal<00:45:39.680> PEL from what had matched
• the federal PEL from what had matched the federal PEL grant<00:45:41.040> um<00:45:41.200>
• The Minnesota State Grant is an integral part of the financial aid package for University of Minnesota

Keywords: 1187, senate, all

Transcript Highlights:

• This initiative was designed and executed by using the resources we have in a more packaged and effective
• Bills have been paid, but matching... ...up what has been paid in the right color of money or layering
• General revenue, there's no match on federal funds, nothing.
• So with the ag match, we have increased ag agents, extension agents.
• We started out at 50 counties before we got the Ag Match.

Bills: SB1, SB 1

Keywords: appropriations, budget, state funding, education, healthcare, infrastructure, campground safety, youth camp regulations, flood safety, emergency evacuation, health and safety standards, 1185, senate, all

Transcript Highlights:

• is that without that $149 million that was infused in total, $30 million state funds, we got an 80% match
• this reconciliation with CCOs in April, and we will deliver this new exhibit as part of the rate package
• So there isn't an evaluation of evidence... ...review what's on our benefit package.
• I think that OHA can set guidance, though, in certain ways... ...review what's on our benefit package
• Okay, so the benefit, the total benefit package.

Keywords: 907, all

Summary: The committee held an informational hearing focused first on Oregon Medicaid coordinated care organization (CCO) finances and rate setting. Oregon Health Authority staff explained how 2025 CCO financial results will inform 2027 capitation rates, including reserve requirements, subcapitation arrangements, and major cost drivers such as behavioral health, pharmacy, rural hospital costs, and dental directed payments. They said the Legislature’s added 2025 funding materially improved CCO margins and that, without it, the program would have been negative overall. Members asked about retained earnings, subcapitation, behavioral health utilization, ABA therapy, and whether outcomes are being evaluated; OHA said rate setting is actuarial and that CCOs, OHA, and other partners all play roles in monitoring efficacy and access. OHA also reviewed House Bill 4039 changes intended to increase transparency and give CCOs earlier access to rate information and reconciliation exhibits. CCO representatives then testified that the system is under significant financial pressure and that behavioral health state-directed payments, benefit changes, and federal uncertainty from H.R. 1 are reducing flexibility. CareOregon said it has lost more than $500 million over the last couple of years and is now making provider terminations and other network changes to align spending with available funding, while emphasizing that CCOs must make hard decisions about which services and providers can be sustained. Eastern Oregon CCO said rural and frontier factors, cost-based hospitals, air ambulance needs, and statewide efficiency adjustments are not fully reflected in rates, and that dental funding is especially strained. Trillium similarly warned that state-directed payments and benefit expansion pressures are constraining the global budget model and that H.R. 1 could worsen acuity and volatility. Members pressed the witnesses on who is responsible for evaluating treatment effectiveness, especially for ABA and psychotherapy, and on how utilization limits and reimbursement changes are being used to control costs. The committee then shifted to an overview of the Affordable Care Act and Oregon’s commercial insurance market. Department of Consumer and Business Services staff explained actuarial value, metal tiers, premium tax credits, medical loss ratio rules, and the main drivers of premium rates: cost trend, utilization trend, and administrative costs. They said mandates have likely added only a limited amount to premiums over the past decade, though the exact effect is difficult to isolate, and they gave examples of how high-cost, low-volume services versus broad, high-utilization services can affect rates differently. Staff also noted that Providence Health Plan and PacificSource Health Plans are withdrawing from the individual market, though consumers should still have at least three insurer options in every county and may have four in many counties. The division said it is in the middle of reviewing proposed 2027 rates and will continue its public rate review process, including hearings and written comment.

Transcript Highlights:

• Do we need to have a tax package?
• ultimately that is the question that we are going to be discussing this entire time: do we need a tax package
• Is now the time to have a tax package?
• It looks like the feds took our tax policy and how to package it and did it federally because it's a
• Depending on the revenue numbers, I'm planning on putting $150 million aside for a tax package.

Transcript Highlights:

• Included in this line is the cost to continue of last session's pay package.
• These packages are out there. They're already out on the web.
• We've been asking and suggesting that that's part of the compensation package.
• We've been asking and suggesting that that's part of the compensation package.
• And some of the language was not correct, even though it didn't match the sponsor's intent.

Keywords: 908, all

Summary: The Senate convened with prayer, pledge, roll call, and a quorum present, then approved a motion to lay over House Bill 1525 for one legislative day. It also voted not to concur with House amendments on Senate Bills 2294, 2297, 2070, 4017, and 2262, appointing conference committees for each. The chamber then took up a series of House bill amendments and final-passage votes. On amendments, the Senate adopted changes to House Bill 1229 on fleeing law enforcement and driving-record transparency after debate over insurance impacts and public safety; House Bill 1510 on teacher retention, on-site child care, and licensure study language; House Bill 1160 to restrict student personal electronic devices during instructional time; House Bill 1429 to address drone harassment and stalking of animals; House Bill 1203 to harmonize medical marijuana provisions; House Bill 1600 to create a UND immigration clinic with reporting requirements; House Bill 1130 to broaden K-12 funding formula changes and reduce state fiscal impact; House Bill 1279 to modify the coal conversion tax exemption; House Bill 1442 to adjust membership and scope of a state task force; and House Bill 1464 to convert a maternal care services proposal into a study and remove the appropriation. The Senate rejected an amendment to House Bill 1022 concerning the Retirement and Investment Office bonus program, then passed the bill. It also passed House Bill 1234 on a $90 million transfer to reduce PERS liability, while rejecting a floor amendment to it. On final passage, the Senate passed House Bills 1008 (Public Service Commission budget), 1218 (temporary moratorium and study on economic analysis for drain projects), 1234 (PERS funding transfer), 1146 (PERS defined contribution cleanup and emergency clause), 1355 (expanded notice for administrative rulemaking), 1470 (Game and Fish fee changes and guide/outfitter updates), 1029 (Capital Grounds Planning Commission duties), 1017 (Game and Fish budget), 1374 (township supervisor open-meeting exemption for on-site inspections), and 1064 (NC-SARA membership and distance education regulation). It defeated House Bill 1583 on false political advertisements with civil-action language and House Bill 1393 on earned wage access provider regulation. The transcript ends as the Senate begins consideration of House Bill 1326 on self-defense and unlawful firearm possession by felons.

Transcript Highlights:

• Chair, Representative Armstrong, so what we did with aviation was just matched what the revenue sources
• Transportation capital funding is a 10 So, in addition to the executive amount in the capital outlay package
• Representatives, so typically we use this if there's a match requirement if we got a grant and we need
• to put in the match component to that.
• the bond revenues will replace the road funds in the identified STIP projects, and Are we double matching

Keywords: 996, all

Transcript Highlights:

• <00:49:01.359> The million in matching federal funds.
• The million in matching federal funds.
• So, at the very least, if we match.
• <01:10:52.320> um would receive a $15,000 base match um would receive a $15,000 base match
• I believe it is part of the governor's package. >> No. Yeah. So, I think it's part of the package.

Keywords: 912, senate, all

Transcript Highlights:

• , there's so much— Private insurance or even through a private benefit package.
• , there's so much. private insurance or even through a private benefit package.
• So what we’re doing actually would be matching what they’re doing out there in some respects.
• back in 2020. ...biggest cheerleader for a tax cut package back in 2022.
• It was a good tax cut package. We have some concerns.

Summary: The committee heard several bills on commerce, tourism, labor, technology, and public safety. SB 1666, by Senator Graal, would adopt Florida’s version of UCC Article 12 to address commercial transactions involving digital assets such as cryptocurrency, blockchain, smart contracts, and NFTs; after a technical amendment, it was reported favorably. CS/SB 480, by Senator DiCeglie, would create affordable health coverage options for farmers and ranchers through a nonprofit agricultural organization model similar to Tennessee’s; supporters said it would expand access in rural areas, while opponents and some senators raised concerns about ACA protections, preexisting conditions, and state fiscal impacts. The committee also approved CS/SB 1172, which expands business development incentives for veterans and military spouses, including procurement preferences, fee waivers, tax exemptions, and an entrepreneurship program, after an amendment expanding hiring preferences for military spouses was adopted. The committee then took up SB 1400, which creates a process for removing nonconsensual AI-generated sexual deepfakes from covered online platforms within 24 to 48 hours and subjects noncompliant platforms to penalties under Florida’s deceptive trade practices law; an amendment carved out internet service providers, and the bill was reported favorably. SM 1488, a memorial urging Congress to create a sovereign wealth fund, drew opposition from a public school teacher who questioned its necessity and constitutionality, but it still passed. CS/SB 922, dealing with employment agreements, would strengthen enforcement of certain non-compete and garden leave agreements for employees with access to sensitive information; critics argued it would restrict workers and innovation, while supporters said it protects trade secrets and high-paying jobs. After an amendment, it was reported favorably. The committee also approved SB 1252, which would create a statewide system for sharing pawn and secondhand dealer data among law enforcement agencies, with an initial feasibility study cost estimated at $250,000 and questions raised about enforcement if agencies do not participate. Finally, CS/SB 1776, under the Whistleblower’s Act, would require advance notice and an opportunity to cure alleged violations, narrow retaliation and disclosure definitions, and limit claims when another statutory remedy exists; members questioned whether the changes could reduce employee protections or allow employers time to destroy evidence, but the bill was still under debate as the transcript ended.

Transcript Highlights:

• The bill reflects that shift by updating state law to match the spirit—pun intended—of that decision.
• This bill tweaks the code to allow airlines to store the beverages that they purchase from a local package
• thing a brewery may move is unfinished beer or wort from one facility to another for fermentation, packaging
• They also carry and hold wine package store permits in Texas, as well as a brewpub permit out of Houston
• If they've got only five package store permits, what's to prevent them from getting 254 of them?

Bills: HB 1301, HB2278, HB2776, HB2820, HB3848, HB3920, HB4172, HB4215, HB4284, HB4285, HB4463, HB4517, HB4690, HB4765, HB4766, HB4767, HB4768, HB4769, HB4773, HB4830, HB5506

Keywords: alcohol, beverages, winery permit, restaurant, malt beverages, Texas Alcoholic Beverage Code, alcohol production, home brewing, family use, craft beverages, massage therapy, licensing, criminal offenses, sexually oriented businesses, public safety, bingo, charitable gaming, operating capital, regulation, funding

Transcript Highlights:

• So at the top, you’ll see the ITD data processing costs, and that is a decision package that’s broken
• And so for the purposes of this document, our public safety asks are in two different decision packages
• It depends upon which bells and whistles and packages are selected.
• But there's potential of up to maybe 700 in federal matching funds or a grant on the body cameras?
• ...stuff—is that part of your software packages?

Keywords: 908, all

Summary: The committee first took up Senate Bill 2399, concerning therapeutic leave days for psychiatric residential treatment facilities (PRTFs). Sarah Aker from the Department of Health and Human Services explained the current Medicaid rate-setting methodology, how occupancy affects rates, and why paying the full rate for leave days would create additional fiscal impact. Members debated whether the bill should pay the full Medicaid rate, a flat reduced rate, or a tiered rate, and discussed whether a cap or department authorization should be used to control use of leave days. The department said it was not supporting the change as it was not in the governor’s budget, though it supported family engagement in care. After discussion, the committee settled on a compromise motion to set therapeutic leave days at a $500 daily rate and require department authorization of the number of leave days. The motion passed 6-2, with Representative Anderson voting no and the rest of the recorded members voting yes. The committee then moved on to Department of Corrections and Rehabilitation budget materials, where Michelle Zander walked through detailed population and rate calculations for women’s and men’s facilities, county holds, deferred admissions, transitional facilities, work release, and proposed reentry, man camp, and Grand Forks-related costs. Members asked about the county jail reimbursement rates and the overall pool of funds, and Zander explained the calculations and noted the proposal was roughly break-even depending on assumptions. The committee also heard an overview of DOCR IT requests from Amy and NDIT staff, including data processing, medical modules, a new client management system, body scanners, data management tools, facility management software, medical software upgrades, college solutions, and body cameras/tasers. Staff explained that the new client management system would likely be a multi-phase project with a wide cost range based on vendor selection and scope, and that the current request was for phase one. Members emphasized the importance of better data tracking, staff safety tools, and information that could help explain programming and release outcomes to the public. The committee planned to continue with Veterans Affairs the next day and then return to Senate Bill 2015.

Transcript Highlights:

• As soon as that person strikes the match, the consumer is inhaling Delta-8.
• Every week, a news story appears that confirms what package stores have been saying.
• 500 milligrams, and the whole package has 10,000.
• If you walk into his shop, you wouldn't see packaging like this.
• I've heard some of the package or the flower... I don't know if it's accurate.

Keywords: 995, all

Summary: The Joint Committee on Cannabis Policy held a hearing on a broad set of cannabis and hemp bills, with the chairs opening by emphasizing unfinished work on equity, public health, safety, and market stability. The committee heard testimony on House Bill 146, which would create more efficient cannabis testing standards by increasing batch sizes, reducing or eliminating some environmental testing, standardizing lab reporting, and requiring annual scientific review and public data reporting. Industry witnesses, including a representative of the Massachusetts Cannabis Coalition, cultivators, and a testing lab owner, said current testing rules are overly burdensome, costly, and inconsistent, and argued the bill would lower compliance costs while preserving consumer safety. A testing lab witness also said some operators switch labs to obtain higher THC results or pass contaminated batches, and urged greater transparency and better sampling protocols. A major portion of the hearing focused on intoxicating hemp and related bills that would bring hemp-derived intoxicating products under a stronger regulatory framework. Legislators and industry witnesses described products sold in gas stations, smoke shops, and convenience stores as often untested, not age-gated, and sometimes mislabeled or far above the federal hemp THC threshold. Testimony from attorneys and cannabis business leaders said states can regulate these products more strictly under the Farm Bill’s non-preemption language, and pointed to New Jersey and other states as possible models. Some witnesses and committee members stressed that any new rules should avoid harming non-intoxicating CBD businesses or lawful hemp farmers, while others argued that the products are effectively cannabis and should be regulated like cannabis for licensing, testing, age limits, and taxation. The committee also heard extensive public-health testimony in support of bills S. 95, S. 96, S. 97 and their House counterparts H. 191, H. 192, and H. 193. Parents, advocates, and public health professionals urged stronger warning labels, THC potency caps, and improved data collection on cannabis-related harms, citing cannabis-induced psychosis, addiction, anxiety, and youth exposure to high-potency products. Several witnesses said Massachusetts has not done enough to track health outcomes or warn consumers, and referenced other jurisdictions such as Connecticut, Vermont, Colorado, Canada, and Quebec as examples of stronger limits or warnings. No votes or formal actions were taken during the hearing; the committee primarily received testimony and questions.

Transcript Highlights:

• include a food product primarily made from corn masa flour or wet corn masa products that is bulk packaged
• include food products primarily made from corn masa flour or wet corn masa products that are bulk packaged
• frustration after buying a product believed to be all-natural and later discovering the ingredients did not match
• there are two lines, 167 through 169, which are changing the verbiage to state ingredient, but the package
• there are two lines, 167 through 169, which are changing the verbiage to state ingredient, but the package

Bills: HB139, HB172, HB156

Keywords: HB139, Alabama discrimination, civil rights, public accommodations, employment discrimination, equal access, protected classes, race discrimination, sex discrimination, religious discrimination, age discrimination, disability discrimination, national origin discrimination, school board discrimination, labor organization, employment agency, retaliation, private right of action, punitive damages, attorney fees

Transcript Highlights:

• It was in a bill in a package, and folks like Christian Care Ministry, they didn't even know it was there
• It was in a bill in a package, and folks like Christian Care Ministry, they didn't even know it was there
• that's being removed from the statute so this language was put in two years ago it was in a bill in a package
• They submit a need and we match them up. Really simple. I call Christian Care Ministries.
• I'm going to be available afterwards, but I have a big package of information and details about the laws

Bills: S0266, S0394, S0540, S0632, S0642, S0832, S0834, S1028

Keywords: public adjuster, contract cancellation, state of emergency, vulnerable adults, disciplinary actions, financial regulation, information security, financial exploitation, licensing, transportation, insurance, TNC, ride-sharing, automobile liability, bail bond, insurance regulation, foreign insurers, financial disclosure, premium reporting, residential property insurance

Summary: The Committee on Banking and Insurance met with a quorum and took up several bills, beginning with SB 834 on insurance requirements for nonprofit religious organizations and health care sharing ministries. The bill repeals a recent restriction on licensed insurance agents marketing or selling faith-based health care sharing programs. Supporters argued the change restores free speech and consumer education while preserving existing fraud and disclosure protections; opponents said allowing agents and brokers could create consumer confusion and has been associated with bad actors. A title amendment was adopted, and after debate the committee reported the bill favorably. The committee also heard and passed SB 642, which extends reporting and duty requirements to foreign and alien bail bond insurers, and SB 394, a technical bill updating reinsurance intermediary manager law to match current DFS practice. SB 266, which lets vulnerable adults rescind public adjuster contracts without penalty, was reported favorably after testimony from supporters in the insurance and elder law communities and a public adjuster who said the intent was good but the bill may need refinement. SB 832, a residential property insurance transparency bill requiring rate breakdown reports and a consumer resource center, also passed after discussion about consumer clarity and whether the required cost categories can be compiled as written. Later, the committee approved SB 540, which creates cybersecurity requirements for mortgage and money service businesses, closes a regulatory gap for certain investment advisers, adjusts OFR examination-payment deadlines, changes de novo charter requirements, allows virtual credit union meetings, and makes other financial regulation updates. Several amendments were adopted, including a substitute amendment removing fintech sandbox provisions. Finally, SB 1028 on Citizens Property Insurance Corporation was reported favorably after debate over a commercial lines clearinghouse intended to reduce Citizens’ exposure and shift more business to the private market; members discussed taxpayer risk, market competition, and consumer protections. The meeting ended with adjournment.