Transcript Highlights:

• </c><00:02:04.719><c> which</c><00:02:04.840><c> is</c><00:02:05.000><c> going</c><00:02:05.119><c> to
• room</c><00:02:08.319><c> 123</c><00:02:09.319><c> to</c><00:02:09.520><c> take</c><00:02:09.759><c>
• um some<00:02:10.959><c> uh</c><00:02:11.120><c> negotiated</c><00:02:12.080><c> uh</c><00:02:12.360
• <00:02:14.120><c> well</c><00:02:14.319><c> as</c><00:02:15.080><c> um</c><00:02:15.480><c> some</c><
• </c><00:02:18.400><c> co-chair</c><00:02:18.840><c> long</c><00:02:19.080><c> and</c><00:02:19.200><c

Committee: House Rules and Legislative Administration

Transcript Highlights:

• :02:45.199><c> So,</c><02:02:45.440><c> how</c><02:02:45.599><c> does</c><02:02:45.760><c> that</c><02
• </c><02:02:48.000><c> Uh,</c><02:02:48.960><c> where</c><02:02:49.599><c> um</c><02:02:50.080><c> people
• Uh, where um people retain<02:02:50.800><c> their</c><02:02:51.040><c> rights</c><02:02:51.360><c> to
• </c> So<02:02:56.080><c> I'll</c><02:02:56.320><c> start</c><02:02:56.480><c> this</c><02:02:56.800><
• 58.239><c> address</c><02:02:58.480><c> this</c><02:02:58.719><c> in</c><02:02:58.800><c> more</c><02

Summary: The commission met with a quorum, approved the agenda, and approved the November 12 minutes after a motion, second, and unanimous voice/online consent. The chair said the meeting would include two presentations—one from Noah Herman of Fortress Global and one from John Kicko and team from Hedera—followed by discussion of the commission’s next steps and public comment. The chair also noted he was still seeking a clerk for note-taking. Herman’s presentation focused on stablecoins, blockchain use cases, and operational considerations for states and other institutions. He described Fortress as an enterprise crypto-wallet and treasury platform serving corporates, governments, and nonprofits, and used examples such as Save the Children and a large global commodities firm to illustrate custody and treasury management on blockchain rails. He said stablecoins are designed to maintain a U.S. dollar peg, are increasingly backed by treasuries and subject to greater transparency, and are being adopted by major firms and payment companies because they can improve speed, reduce cost, and simplify payments. He also highlighted market growth, including claims that stablecoins now represent a significant share of on-chain activity and are a major holder of U.S. Treasuries. He identified custody as a key issue for state and institutional use, outlining qualified custody, managed custody, and self-custody models. He said the main practical challenge for the commodities client was moving funds safely and quickly across global time zones and that blockchain rails could solve problems that traditional banking rails could not. He framed the broader trend as one of accelerating institutional adoption, citing recent acquisitions and product launches by Visa, Stripe, Citi, and PayPal as evidence that stablecoin infrastructure is becoming mainstream.

Transcript Highlights:

• </c><00:02:07.600><c> okin</c><00:02:08.200><c> as</c><00:02:08.360><c> well</c><00:02:08.560><c> as<
• Education<00:02:12.440><c> uh</c><00:02:12.560><c> please</c><00:02:12.920><c> hold</c><00:02:13.160
• :02:14.480><c> uh</c><00:02:14.640><c> the</c><00:02:14.760><c> names</c><00:02:15.720><c> uh</c><00:
• 00:02:21.120><c> Miyaki</c><00:02:21.560><c> if</c><00:02:21.640><c> you</c><00:02:21.760><c> could</
• rise<00:02:22.879><c> so</c><00:02:23.080><c> we</c><00:02:23.200><c> know</c><00:02:23.959><c> who<

Transcript Highlights:

• .<01:02:00.559><c> That's</c><01:02:00.960><c> way</c><01:02:01.280><c> greater</c><01:02:01.599><c>
• </c><01:02:04.400><c> And</c><01:02:04.559><c> it</c><01:02:04.799><c> has</c><01:02:04.960><c> to</c
• <01:02:10.240><c> all</c><01:02:10.400><c> of</c><01:02:10.559><c> you</c><01:02:10.799><c> know</c><
• </c><01:02:23.520><c> of</c><01:02:23.760><c> all</c><01:02:23.920><c> of</c><01:02:24.079><c> our</c
• Mahalo<01:02:26.000><c> for</c><01:02:26.960><c> listening</c><01:02:27.440><c> and</c><01:02:27.680>

Bills: HB1183 , HB1656 , HB1658 , HB1661 , HB1663 , HB1664 , HB1859 , HB2116 , HB2271 , HB2276 , HB2335 , HB2360 , HB2387 , HB2472 , HB1805 , HB2469 , HB1815 , HB1860 , HB2117 , HB2118 , HB2437 , HB2438 , HB2604 , HB1590 , HB2156 , HB2268

Committee: House Finance

Transcript Highlights:

• that's there doesn't really even have anything that provides for agreements with Montana or, or Minnesota
• . even have anything that provides for agreements with Montana or Minnesota.
• But, you know, since the late 1960s, we've had in statute a capital building fund that's there for the
• So I think the answer to that, in my opinion, is yes, when you look at the oral language in that statute
• , as well as another statute that you have passed that allows for joint powers agreements.

Committee: Joint Government Finance Committee

Summary: The committee first received a general fund and revenue update from the Office of Management and Budget. Staff reported that the state started the biennium about $176 million above prior estimates, but year-to-date revenues were now running below legislative forecast, mainly due to lower individual income tax and sales tax collections. The budget stabilization fund was above its cap, the legacy fund continued to grow, and oil revenues were slightly above forecast overall. Members also asked about federal funding uncertainty and mineral leasing variability, and OMB said agencies would be asked to address potential federal reductions case by case during budget preparation. The committee then reviewed compliance reports and trust fund analysis materials, followed by a bill draft for a fixed-route city transportation grant program. Testimony from transit officials in Fargo and Minot supported the proposal, saying state aid would help match federal transit funds and support operations, but members raised questions about the funding source, fare structures, and whether the program should be limited to the current four fixed-route cities or allow future eligible cities. Several members asked for more time to study the formula and possible funding options before moving the bill forward. Next, the committee approved a bill draft repealing obsolete language related to a proposed North Dakota-South Dakota bi-state authority. Staff explained the provision had been unused for about 30 years and that existing law likely already allowed joint powers agreements without the specific language. The committee voted to adopt the repeal bill draft. The Department of Commerce and the Northern Plains UAS Test Site then provided an update on uncrewed aircraft system initiatives, including the Vantis radar data enclave, the drone replacement program, and future revenue models. Officials said North Dakota had received FAA approval to operate the radar data pathfinder, had begun replacing non-compliant drones from restricted foreign sources, and was working on phased procurement and cost-recovery plans. Members asked about deadlines, funding, supply-chain issues, and how the system would be used; staff said the federal restrictions were already in effect and that Vantis was being positioned as infrastructure for future beyond-visual-line-of-sight operations. Finally, the Department of Corrections and Rehabilitation presented on the design of a new minimum-security prison and on a reentry housing task force. The new facility is planned for the penitentiary grounds, with a reduced estimated cost of about $263 million, 600 beds initially, possible expansion to 732 beds, and completion projected around 2031 if funded in 2027. The reentry housing task force described a data-driven effort to identify housing needs for people leaving incarceration, with the goal of reducing homelessness and recidivism through targeted housing support and possible subsidies. Members asked about staffing, site selection, housing duration, and whether employment and transportation needs would be included in the assessment.

Transcript Highlights:

• .<00:02:01.080><c> Their</c><00:02:01.320><c> salary</c><00:02:01.880><c> goes</c><00:02:02.200><c> up
• :02:09.080><c> comes</c><00:02:09.399><c> in</c><00:02:09.640><c> at</c><00:02:09.720><c> a</c><00:02
• Your<00:02:16.959><c> salary</c><00:02:17.600><c> would</c><00:02:17.800><c> go</c><00:02:18.040><c>
• So,<00:02:23.760><c> it's</c><00:02:23.880><c> a</c><00:02:23.959><c> lot</c><00:02:24.280><c> of</c>
• :02:58.959><c> it</c><00:02:59.080><c> to</c><00:02:59.160><c> this</c><00:02:59.360><c> board.

Committee: House County and Municipal Government

Transcript Highlights:

• us on<00:02:30.240><c> certain</c><00:02:30.520><c> issues</c><00:02:30.800><c> and</c><00:02:30.920
• :02:31.920><c> issues</c><00:02:32.360><c> and</c><00:02:32.480><c> really</c><00:02:32.680><c> try</
• > to</c><00:02:33.480><c> do</c><00:02:33.640><c> the</c><00:02:33.760><c> work</c><00:02:34.000><c>
• And speaking<00:02:37.160><c> of</c><00:02:37.280><c> kind</c><00:02:37.480><c> of</c><00:02:38.000><
• <00:02:39.280><c> The</c><00:02:39.360><c> bonding</c><00:02:39.880><c> committee</c><00:02:40.200><c

Transcript Highlights:

• > kind</c><02:02:00.960><c> of</c><02:02:01.040><c> relief</c><02:02:01.360><c> they</c><02:02:01.599
• I understand<02:02:02.320><c> the</c><02:02:02.560><c> can</c><02:02:02.719><c> of</c><02:02:02.880><
• c> see</c><02:02:06.880><c> HHRF</c><02:02:08.000><c> continuing</c><02:02:08.560><c> to</c><02:02:08.719
• :02:09.920><c> from</c><02:02:10.239><c> 90</c><02:02:10.480><c> to</c><02:02:10.960><c> 140</c><02:02
• have lower<02:02:19.360><c> and</c><02:02:19.599><c> lower</c><02:02:19.920><c> risk</c><02:02:20.400

Summary: The joint committees held an informational briefing on efforts to expand insurance capacity in Hawaii’s property market, especially for condominium and homeowners coverage. The Insurance Commissioner reviewed the background: a legislative task force, the governor’s emergency proclamation in August 2024, and Senate Bill 1044 in May 2025 led to new condo insurance products. He said the work over the past two and a half years was producing positive results and introduced representatives from HPIA and HHRF/HHR to provide updates. HPIA’s board chair and its administrator described the organization’s history, structure, and current products. HPIA said it was created in 1991 as a residual market for homeowners insurance, now writing four residential products: HO2 homeowners, renters, HO6 condo unit owners, and dwelling fire. They reported policy counts have grown again as admitted-market carriers tightened underwriting, and they discussed financial pressure from reinsurance costs, though those costs had declined in 2025 after different purchasing decisions. They also said the market has become more favorable overall, with some capacity returning and deductibles beginning to ease. Members focused much of their questioning on HPIA’s proposed higher dwelling limits. HPIA explained that the current $450,000 limit for homeowners and dwelling fire was set in 2023, but agents are now asking for a higher limit in the $650,000 to $750,000 range because construction costs have risen and many policies are not being submitted when the limit is too low. HPIA said it has the authority to raise the limit through a filing with the Insurance Division and expects more submissions if the cap increases. They also discussed the shift in the book of business from roughly 70% lava-zone coverage to closer to a 50/50 split between lava and non-lava risks. HPIA outlined strategic initiatives: a new policy administration system that went live October 1 and now allows online payments, online claims reporting, and electronic notices; a filed request to raise the homeowners and dwelling fire limit to $650,000 effective March 1 for new business and April 1 for renewals; an increase in the HO6 condo unit owners limit from $5,000 to $100,000; and a planned commercial property all-other-perils-excluding-hurricane condo product targeted for filing by January 31. No votes were taken, and the meeting was informational only.

Transcript Highlights:

• 02:03.600><c> separate</c><00:02:03.920><c> articles</c><00:02:04.479><c> to</c><00:02:04.799><c> h</
• File 3054. 3045.<00:02:08.800><c> Did</c><00:02:09.039><c> I</c><00:02:09.200><c> say</c><00:02:09.280
• All<00:02:12.480><c> those</c><00:02:12.640><c> in</c><00:02:12.879><c> favor</c><00:02:13.280><c> of
• </c><00:02:13.599><c> in</c><00:02:13.920><c> favor</c><00:02:14.800><c> of</c><00:02:15.120><c> that
• The chair moves<00:02:22.560><c> to</c><00:02:22.720><c> insert</c><00:02:23.200><c> House</c><00:02:

Bills: SF3045 , HF2783 , HF1943

Committee: House Ways and Means

Transcript Highlights:

• And<00:02:01.360><c> um</c><00:02:01.759><c> any</c><00:02:02.320><c> amendments</c><00:02:03.360><c>
• </c><00:02:10.879><c> So,</c><00:02:11.440><c> um,</c><00:02:11.599><c> if</c><00:02:11.840><c> if</c
• </c><00:02:15.440><c> Um,</c><00:02:15.840><c> there's</c><00:02:16.319><c> also</c><00:02:16.800><c>
• <c> um</c><00:02:31.680><c> outside</c><00:02:32.000><c> of</c><00:02:32.160><c> the</c><00:02:32.319
• :02:41.519><c> $41</c><00:02:42.000><c> million,</c><00:02:42.800><c> that</c><00:02:43.120><c> also<

Summary: Nonpartisan staff presented House budget resolution BUDRES06, explaining that it is an updated budgetary solution reflecting bills previously heard or passed out of Ways and Means, as well as bills being heard that day. The resolution showed a total additional change of $41.1 million for the 2026–27 biennium, with existing budget reserve and cash flow account amounts unchanged. Staff highlighted several committee bills included in the resolution, including elections, higher education, housing, public safety, and the workforce committee bill, which was listed at $358,000 on line 1.14. The workforce bill also included $41,000 from the workforce development fund outside the general fund, and the healthcare access fund was set at a zero-change limit. A member asked whether additional budget resolutions were expected later in session, and staff responded that more resolutions would be set as other packages moved out of committee. After the explanation and brief questions, a motion was made to adopt the budget resolution as described. Members voiced support, there were no recorded oppositions, and the resolution was adopted.

Transcript Highlights:

• ><c> is</c><00:02:10.679><c> a</c><00:02:10.720><c> product</c><00:02:11.200><c> of</c><00:02:11.320>
• </c><00:02:15.959><c> uh</c><00:02:16.000><c> put</c><00:02:16.240><c> together</c><00:02:16.640><c>
• and studied together<00:02:17.640><c> for</c><00:02:17.920><c> over</c><00:02:18.160><c> a</c><00:02
• :22.000><c> of</c><00:02:22.280><c> all</c><00:02:22.520><c> that</c><00:02:22.920><c> this</c><00:02
• :02:29.720><c> friends</c><00:02:30.000><c> here</c><00:02:30.200><c> at</c><00:02:30.280><c> the</c>

Committee: Senate Judiciary

Transcript Highlights:

• The revision to the second paragraph of the statute gives the governor the opportunity To the second
• So the way the statute was written, it seemed as if the governor had to select from those four entities
• Florida, Minnesota, Iowa, and Illinois have similar laws already on the books.
• Florida, Minnesota, Iowa, and Illinois.
• It does not create patient volume by statute. It does not create specialists overnight.

Committee: House Commerce, Consumer Protection, and International Affairs

Summary: The committee first heard House Bill 267, which would change the membership rules for the Louisiana State Board of Home Inspectors by adjusting appointment qualifications, term limits, and nomination procedures. Vice Chair Thomas explained the bill was meant to address the lack of nominations from existing entities and to allow the governor more flexibility, especially in smaller districts. After adopting a technical amendment, the committee reported HB 267 favorably. The committee then considered House Bill 478 on utility overcharge reimbursements. The bill, as amended, requires utilities to clearly label reimbursements on customer bills and sets a deadline for issuing refunds. After discussion with the Public Service Commission and utility representatives, the committee changed the reimbursement timeline from 45 days to 90 days and clarified that the bill would not interfere with larger settlement or regulatory credits. HB 478 was then reported favorably as amended. The longest discussion centered on House Bill 924, a consumer protection measure aimed at contractors who solicit residential property owners after declared disasters. The author said the bill was intended to curb predatory storm-chasing and fraudulent insurance-related practices, while still allowing emergency mitigation work. The committee adopted technical amendments and then a conceptual amendment shortening the catastrophe response period from six months to 30 days. Testimony was split: the Insurance Commissioner and some roofing industry witnesses supported the bill as a way to deter fraud, while other contractors argued it would hurt small businesses, limit legitimate door-to-door work, and not solve enforcement problems. The bill remained under consideration after extensive testimony and public comment.

Transcript Highlights:

• As I was driving here to Jefferson City, I was reminded about how Minnesota and Iowa do not have safety
• majority of the time, when I'm going back home to Bethany, Missouri, I pass more people from Iowa and Minnesota
• banned it at our city level, they were also sued because I don't feel like we have what we need in statute
• Torch devices marketed and distributed by the defendants are gaming devices under Missouri Revised Statute
• Okay, 572 is where the gambling statute is, right? You know, I was a prosecutor.

Transcript Highlights:

• <00:02:03.960><c> I</c><00:02:04.079><c> just</c><00:02:04.479><c> think</c><00:02:04.799><c> that</c
• <c> taxes</c><00:02:09.959><c> that</c><00:02:10.119><c> we</c><00:02:10.280><c> have</c><00:02:10.399
• ><c> um</c><00:02:22.519><c> of</c><00:02:22.840><c> of</c><00:02:22.959><c> seniors</c><00:02:23.319
• :02:26.560><c> to</c><00:02:26.640><c> take</c><00:02:26.760><c> a</c><00:02:26.840><c> vote</c><00:02
• /c><00:02:28.920><c> it</c><00:02:29.080><c> but</c><00:02:29.239><c> I</c><00:02:29.319><c> guess</c

Transcript Highlights:

• </c><00:02:06.079><c> All</c><00:02:06.240><c> in</c><00:02:06.479><c> favor</c><00:02:06.719><c> of<
• </c><00:02:18.400><c> And</c><00:02:18.560><c> what</c><00:02:18.720><c> the</c><00:02:18.879><c> A1<
• </c><00:02:26.879><c> adds</c><00:02:27.520><c> uh</c><00:02:27.760><c> a</c><00:02:27.920><c> SH</c>
• ><c> Recipient</c><00:02:35.840><c> must</c><00:02:36.000><c> be</c><00:02:36.160><c> able</c><00:02:
• <c> SH</c><00:02:37.519><c> bond</c><00:02:37.920><c> in</c><00:02:38.080><c> the</c><00:02:38.239><c

Transcript Highlights:

• > projects</c><00:02:02.560><c> prior</c><00:02:02.880><c> to</c><00:02:03.439><c> January</c><00:02:
• :02:15.519><c> I</c><00:02:15.959><c> guess</c><00:02:16.959><c> and</c><00:02:17.160><c> so</c><00:02
• <00:02:23.080><c> um</c><00:02:24.000><c> but</c><00:02:24.239><c> all</c><00:02:24.360><c> of</c><00
• :31.080><c> this</c><00:02:31.800><c> um</c><00:02:31.920><c> we</c><00:02:32.040><c> were</c><00:02:
• </c><00:02:33.800><c> for</c><00:02:34.120><c> this</c><00:02:34.400><c> process</c><00:02:34.959><c>

Bills: HF958 , HF688 , HF702

Committee: House Human Services Finance and Policy

Transcript Highlights:

• the table<00:02:02.399><c> so</c><00:02:02.759><c> please</c><00:02:03.320><c> go</c><00:02:03.439><
• 00:02:07.159><c> that</c><00:02:07.599><c> please</c><00:02:08.599><c> uh</c><00:02:08.759><c> go</c>
• :02:35.800><c> years</c><00:02:36.800><c> as</c><00:02:36.920><c> I</c><00:02:37.120><c> remember</c>
• <00:02:37.959><c> it's</c><00:02:38.640><c> uh</c><00:02:38.760><c> how</c><00:02:38.879><c> many</c>
• <00:02:39.080><c> has</c><00:02:39.200><c> it</c><00:02:39.319><c> been</c><00:02:39.519><c> now</c>

Summary: The Natural Resources Committee met with a quorum, approved the minutes, and then heard ACR 22, sponsored by Representatives Randy Bridges and Steven Rudy. The resolution declares nuclear generation to be a clean, dispatchable baseload energy source for Kentucky. The sponsors argued that Kentucky and the broader energy market are facing growing demand and reliability challenges, and said the resolution recognizes prior legislative steps on nuclear power, including lifting the nuclear moratorium, creating a nuclear study working group, and establishing the Kentucky Nuclear Development Authority. The sponsors also emphasized nuclear power as part of an all-of-the-above energy strategy and highlighted small modular reactors and spent fuel processing as important future technologies. They referenced Paducah’s former uranium enrichment site and potential laser enrichment work as part of a recycling approach that could reduce waste and support new fuel production. No outside testimony was presented in the excerpt. Members expressed support for the resolution, with several noting its importance for economic development, reliable power, and keeping coal relevant through new energy partnerships. The committee voted favorably on the measure, with all members present voting aye, and the chair stated that the resolution would pass with favorable expression. The committee then adjourned.

Transcript Highlights:

• Alternative CES referrals exist in statute today after 30 days of no referral.
• At the same time when we were studying in this work group, so was Minnesota.
• The Minnesota report came out in December. The Minnesota report came out in December 2025.
• Seattle, New York City, as I mentioned, but also Texas, Montana, Virginia, Tennessee, Maryland, and Minnesota
• As was referenced, a 2025 Minnesota study found that six-story single-stair buildings can actually be

Committee: House Housing and Community Development

Transcript Highlights:

• <00:02:03.439><c> Billy</c><00:02:03.759><c> Joe</c><00:02:04.000><c> Underwood</c><00:02:04.719><c>
• ><c> us</c><00:02:07.200><c> all</c><00:02:07.759><c> during</c><00:02:08.160><c> a</c><00:02:08.399>
• </c><00:02:13.680><c> being</c><00:02:14.080><c> discussed</c><00:02:14.480><c> for</c><00:02:14.720>
• :15.120><c> time</c><00:02:15.440><c> but</c><00:02:15.680><c> but</c><00:02:16.000><c> now</c><00:02
• :16.160><c> that</c><00:02:16.319><c> we</c><00:02:16.560><c> have</c><00:02:16.640><c> it</c><00:02:

Bills: HB606 , HB606

Committee: House Baldwin County Legislation

Keywords: HB606, Alabama, Department of Transportation, DOT, public highways, utility relocation, right-of-way, state right-of-way, road construction, bridge, tunnel, toll road, interstate highway, defense highway, utility facilities, broadband, telecommunications, cable, electricity, gas

Transcript Highlights:

• &gt;&gt; As<00:02:18.480><c> amended,</c><00:02:19.680><c> all</c><00:02:19.920><c> in</c><00:02:20.080
• </c><00:02:24.400><c> The</c><00:02:24.560><c> eyes</c><00:02:24.800><c> have</c><00:02:25.040><c> it
• ><c> can</c><00:02:29.200><c> get</c><00:02:29.280><c> back</c><00:02:29.440><c> to</c><00:02:29.680>
• :30.160><c> I</c><00:02:30.319><c> know</c><00:02:30.400><c> y'all</c><00:02:30.640><c> got</c><00:02
• :02:53.440><c> uh</c><00:02:53.680><c> time</c><00:02:54.000><c> leave</c><00:02:54.239><c> off.

Committee: Joint Veterans and Military Affairs