Video & Transcript : 'fiduciary' :
Page 34 of 57
TX
Transcript Highlights:
- want to ask, the chairman doesn't have to step off, but as we now has a subcommittee on family and fiduciary
Committee:
House Judiciary & Civil Jurisprudence
CO
Colorado 2026 Regular Session
Colorado House 2026 Legislative Day 072 Mar 27th, 2026
Colorado House Floor Meeting
Transcript Highlights:
- Association, the Colorado Banking Association, credit unions, uh, we've had uh just about every kind of fiduciary
- about every unions uh we've had uh just about every kind<02:09:33.640><c> of</c><02:09:33.720><c> fiduciary
- for</c><02:09:34.640><c> finances</c><02:09:35.680><c> uh</c><02:09:35.760><c> that</c> kind of fiduciary
- for finances uh that kind of fiduciary for finances uh that that<02:09:36.440><c> do</c><02:09:36.720
- Board members have a fiduciary duty to maximize profits.
HI
Hawaii 2026 Regular Session
JHA Public Hearing - Thu Feb 12, 2026 @ 2:00 PM HST
Judiciary & Hawaiian Affairs
Transcript Highlights:
- It is a matter of legal compliance, fiduciary responsibility, and justice.
- It is a matter of legal compliance,<00:33:19.600><c> fiduciary</c><00:33:20.640><c> responsibility</c
- ><00:33:21.919><c> and</c> compliance, fiduciary responsibility and compliance, fiduciary responsibility
- The thing is that the state agreed before it became a state to take care of fiduciary duties of the Hawaiian
Committee:
House Judiciary & Hawaiian Affairs
Summary:
The committee heard testimony on House Bill 2046, which would establish and fund an Olo Hawaii Commission to coordinate and promote initiatives supporting the use of Olo Hawaii. The Attorney General suggested adding an end date because the bill creates a temporary commission, and several supporters from the University of Hawaii, Office of Hawaiian Affairs, and the Hawaii Civil Rights Commission said the commission could improve coordination, funding decisions, and consistency across agencies. Members discussed whether the commission should include broader representation, including expertise on Niihau dialect speakers and other stakeholders, and the bill was then set aside as the committee moved to the next measure.
The committee next considered House Bill 2438, creating the Hawaii Cultural Trust within DBEDT, authorizing an income tax credit for contributions to the trust and qualified cultural organizations, and creating a special license plate to support the trust. DBEDT said it would need additional resources, including staff, to administer the program. The Department of Taxation recommended changing the effective date to 2026 to allow time for implementation and adding a requirement that credits be claimed within one year. OHA supported the bill but objected to language that would require it to maintain a prequalified list of organizations, saying that could limit applicants and conflict with its grant process. The Tax Foundation said it supported cultural funding but preferred direct appropriations and grants over a trust fund and tax credit structure.
The final measure discussed was House Bill 2584, which would temporarily increase public land trust revenues transferred to OHA while reaffirming the state’s obligation to the 20% pro rata share, with a repeal date of June 30, 2028. The Attorney General recommended deleting the bill’s requirement that OHA receive a minimum amount equal to the 20% share, arguing the constitution and Admission Act do not specify a precise dollar amount and that the legislature must determine allocation. OHA strongly supported the bill, arguing the state currently pays only about 5% and that historical records show much higher amounts are owed; OHA also pointed to a carry-forward account it said held about $55 million. DLNR opposed the bill because the fiscal impact was unspecified and could affect land management and special fund budgets. Several OHA trustees and supporters urged the committee to pass the bill, and one testifier criticized the state for underfunding Native Hawaiian obligations. No votes were taken in the portion provided, and the committee continued hearing testimony on HB 2584.
MA
Massachusetts 2025-2026 Regular Session
Continuing Care Retirement Communities Jun 21st, 2026 at 10:00 am
Transcript Highlights:
- And boards primarily focus, of course, on fiduciary responsibility for long-term financial health of
Summary:
The commission meeting focused on continuing care retirement communities (CCRCs), beginning with a presentation from Two Life Communities on its Opus Newton model, which is opening in the fall. Two Life described Opus as a middle-income, modern CCRC built around affordability, care coordination in residents’ apartments rather than separate care buildings, and resident-driven community life. Commissioners asked about financing, home care arrangements, affordability, Medicaid/MassHealth access, and the role of resident councils versus board representation. Two Life said it wants to remain within the CCRC framework, but expressed concern about proposals that would require multiple discrete care levels, impose deadlines on entrance-fee refunds, or require resident board seats.
The commission then discussed possible recommendations. There was broad support for Senate Bill 478, which would require clearer disclosure of entrance-fee refund terms in a separate document for prospective residents. On refund timing, members were divided: some favored a one-year deadline or a deadline with waivers, while others opposed a fixed deadline because of financing risks and the potential impact on new development and current residents. Several members suggested keeping the status quo but adding better data collection and reporting on refund timing. On the CCRC definition and marketing, members debated whether the current statutory definition is too vague and whether the commission should recommend clearer standards or a certification-like process, while also noting resource limits for state oversight.
Members also discussed the Age CCRC Consumer Guide, with general agreement that it should be updated and made more useful to consumers, possibly with clearer questions to ask and more information about facilities, though some cautioned against adding subjective financial-risk statements that would be hard to administer. On resident representation, several commissioners strongly supported requiring resident voting members on boards, while providers argued that strong resident associations and regular meetings with boards may be preferable and that communities should retain flexibility. The meeting ended with a request for written comments by July 11, draft recommendations to be circulated July 18, and a possible final meeting on July 21, with the commission aiming to finish by August 1.
AR
Transcript Highlights:
- The University of Arkansas at Fayetteville is run by a chancellor who has a fiduciary responsibility
MO
Transcript Highlights:
- The fiduciary insurance, as long as it's not a financial burden, I think everyone's pretty cool with
MO
Missouri 2026 Regular Session
Local Government Apr 8th, 2026
Local Government, Elections and Pensions
Transcript Highlights:
- The fiduciary insurance, as long as it's not a financial burden, I think everyone's pretty cool with
Summary:
The Committee on Local Government heard testimony on House Bill 3176, which would create a statutory framework for homeowners associations. Sponsor Rep. Koslow said the bill addresses quorum problems, allows defunct associations to revive, sets deadlines for election and covenant challenges, requires fidelity insurance, and expands recordkeeping and disclosure to members. Supporters said Missouri HOAs currently operate under a patchwork of outdated documents and laws, while opponents from the home builders and bankers groups warned the bill could interfere with development interests, create burdens, and increase risk or fees. Committee members raised concerns about fairness, homeowner rights, and whether the bill would override stricter local subdivision standards; no action was taken on the bill during the hearing.
The committee also heard House Bill 3277, a local public safety tax measure for Northwoods. Rep. Fountain Henderson said the city needs the tax to upgrade police equipment and support public safety, and members noted the city’s retail center and voter approval requirement. The hearing then moved to House Bill 3143, which would allow counties to place a quarter-cent sales tax on the ballot for senior services. Rep. Parker and supporters from senior services organizations said the measure would help fund Meals on Wheels, transportation, nutrition centers, in-home care, and other aging services, especially in rural areas with limited funding and transportation. Some members questioned the breadth of spending authority, oversight, and whether a sales tax would shift costs onto seniors, but the bill drew supportive testimony overall.
In executive session, the committee voted House Bill 2732 do pass by 13-1 and House Bill 3028 do pass unanimously. It then took up House Bill 2431, a package of local tax authorization measures, adopted a substitute and amendment adding several city and county proposals, and voted the House Committee Substitute do pass by 13-1. The committee then adjourned.
ID
Transcript Highlights:
- how to manage multiple assets on endowment lands so that the board and the department can meet its fiduciary
Committee:
House Resources and Conservation
WA
Transcript Highlights:
- a real estate investment trust or an entity that manages funds pooled from investors and owes a fiduciary
Committee:
House Housing
AZ
Transcript Highlights:
- That's the people I have a fiduciary duty to.
Summary:
The House opened with prayer, the Pledge of Allegiance, approval of the prior journal, and several guest introductions, including the Doctor of the Day, students visiting the chamber, and other special guests. Members also announced committee substitutions and bill withdrawals/re-referrals, and the chamber observed a moment of respectful silence for the late Hon. George Cunningham, after unanimously adopting HCR 2060, a death resolution honoring his public service.
The House then spent much of the day in Committee of the Whole on several calendars. The most contested item was HB 2758, a groundwater transportation bill, which drew extensive debate over fairness to the McMullen Valley and the need to protect water supplies for the CAP system and metro Phoenix. Multiple amendments were adopted, including changes affecting transfer limits and basin-specific water allocations. The bill ultimately received a do pass recommendation in COW by a 31-23 vote, and later passed third reading in the House 32-24 after several members explained their votes. A motion to amend the COW report to show the bill failed was defeated 23-32.
The House also advanced a series of other measures with little or no opposition. In COW, HB 2049, HB 2090, HB 2092, HB 2179 as amended, HB 2228 as amended, HB 2111, HB 2114, HB 2256 as amended, HCM 2007 as amended, HR 2003, HB 2098, HB 2265 as amended, HB 2663, HB 2666 as amended, HB 2756 as amended, HB 2192 as amended, HB 2476, HB 2693 as amended, and HB 2877 as amended all received do pass recommendations, while HB 2875 was retained on the calendar. The House later passed several bills on third reading, including HB 2089, HB 2258, HB 2322, HB 2786, and HB 2825, and referred the approved measures to engrossing or to the Senate as appropriate.
The session concluded with numerous personal privilege remarks, including recognition of a retiring Air Force veteran, Black History Month remarks, birthday wishes, and an announcement that Representative Chaplik plans to resign next week to focus on a congressional campaign. The House also announced upcoming committee meetings and adjourned until 1:30 p.m. on Monday, February 23, 2026.
AZ
Transcript Highlights:
- That's the people I have a fiduciary duty to.
NM
New Mexico 2026 Regular Session
House - Commerce and Economic Development Feb 13th, 2026
Transcript Highlights:
- And to which then management would have an obligation, a fiduciary obligation, to consider the well-being
Summary:
The committee first took up SB 96, which would reduce local zoning, fee, parking, HOA, and sprinkler-related barriers for child care operators and home-based child care facilities. The sponsor and the Early Childhood Education and Care Department said the bill is intended to expand child care access, especially in rural areas and child care deserts, while maintaining safety standards. Firefighters, child care advocates, and other supporters testified in favor, while one member objected to the bill’s limits on local control. The committee asked about “stacking spaces” and parking rules, then approved SB 96 on a 7-4 vote.
The committee then considered House Bill 303, as amended, dealing with utility construction and certificate of convenience and necessity timing. Utility representatives from El Paso Electric, Xcel Energy, and PNM, along with consumer and energy groups, supported the bill, saying it would let utilities begin construction before the CCN process is complete, with the utility bearing the risk and no cost recovery if approval is later denied. Members questioned impacts on ratepayers, PRC oversight, co-ops, and the bill’s policy rationale. The committee adopted the amendment and then passed HB 303 as amended unanimously, 11-0.
Finally, the committee heard House Memorial 6, as substituted, which asked for a study of private equity involvement in critical utilities and whether the state should consider a direct equity stake in utilities. Supporters argued the memorial would provide independent data before major ownership decisions, citing concerns about private equity acquisitions and the need to protect ratepayers and public interests. Opponents, including utility and business representatives, argued the PRC already has authority and expertise, warned about due process and conflict-of-interest concerns, and said the memorial could create uncertainty for investment. After extensive debate, the committee first tabled the committee substitute and then tabled HM 6 itself on an 8-3 vote, ending consideration of the memorial.
FL
Florida 2026 4th Special Session
February 10, 2026 - 09:00 AM
Transcript Highlights:
- We never abdicate our fiduciary responsibility to always seek justice for those who are harmed, no matter
NM
New Mexico 2026 Regular Session
Senate - Tax, Business and Transportation Feb 10th, 2026
Transcript Highlights:
- private sector, immediately getting that leverage ratio that we're looking for in terms of being good fiduciaries
Summary:
The committee first heard SB 20, as amended, which would limit prior authorization for certain medications used to treat serious mental illness and extend prior authorization approvals for other chronic maintenance drugs to three years. The sponsor and supporters said the bill would reduce treatment interruptions and administrative burden for patients, clinicians, and pharmacies, while opponents argued the three-year period could raise safety concerns, reduce annual clinical review, and increase costs and premiums. After public testimony and committee discussion, the bill passed on a 7-2 vote.
The committee then considered SB 21, as amended, establishing an annual Medigap open enrollment period with guaranteed issue protections for eligible Medicare beneficiaries already enrolled in Medigap plans. The Aging and Long-Term Services Department said the measure would give seniors more flexibility to change plans as their needs and premiums change, and OSI said premium impacts were expected to be limited. An amendment setting the effective date at January 1, 2027 was adopted, and the bill passed unanimously.
Next, the committee heard SB 177, a large economic development package centered on quantum, advanced energy, defense, and related workforce and research investments. The sponsor and administration witnesses described New Mexico as uniquely positioned to attract major private and federal investment, while members raised questions about guardrails, reporting, use of the Research and Development Fund, and whether EDD could manage the spending and educational components. An amendment removed the public safety section, a technical title fix was adopted, and the bill passed 9-1.
The committee also took up SB 189, which would protect existing coverage and expand insurance coverage for reproductive and gender-affirming care, including mid-year enrollment options for pregnancy and coverage for double electric breast pumps. Supporters said the bill would prevent abrupt coverage changes and ensure access to care, while opponents objected to abortion-related coverage and argued existing law and Medicaid already cover much of the care. A motion to table failed, and the bill then passed 6-4. Finally, the committee unanimously passed Senate Memorial 6 honoring golfer Nancy Lopez and her New Mexico roots and achievements.
MA
Massachusetts 2025-2026 Regular Session
Senate Committee on Post Audit and Oversight Feb 3rd, 2026
Senate Committee on Post Audit and Oversight
Transcript Highlights:
- We have seen numerous boards fail in their fiduciary and oversight responsibilities.
FL
Florida 2026 5th Special Session
Judiciary Jan 20th, 2026
Transcript Highlights:
- The other thing I want to point out is, you know, right now existing in the law is a special fiduciary
Summary:
The committee heard and advanced several bills. SB 624, by Senator Yarborough, would allow batterers intervention programs to offer optional supplemental faith-based activities, with no participant required to take part; supporters said it would expand provider options amid a shortage of certified programs, while opponents raised concerns about government speech and mixing religion with court-ordered programming. After debate, the bill was reported favorably 7-2. The committee also considered CS/SB 834, which repeals a 2022 restriction preventing licensed insurance agents from marketing or selling health care sharing ministries; supporters framed it as restoring choice and free speech, while opponents warned about consumer confusion, commissions, and lack of insurance protections. It was reported favorably 8-2.
The committee next approved CS/SB 502, via a strike-all amendment, to give Florida concurrent jurisdiction over certain juvenile offenses on military installations so juveniles can be handled in state juvenile court rather than federal court; the amendment and bill both passed unanimously. CS/SB 52 also passed unanimously after testimony from church leaders and security personnel supporting an exemption from Class D/G licensing for unpaid armed security volunteers at places of worship. Supporters said the bill would clarify legal gray areas and help churches afford security, while members noted the broader concern that houses of worship need armed protection at all.
Finally, the committee reported favorably SB 840, which revises last year’s emergency/local planning law by narrowing its application after storms from 100 miles to 50 miles of the storm track and exempting certain water, flood, and state/federal planning matters; local government representatives supported the clarification, and the bill passed 9-0. CS/SB 758, as amended, updated the membership of the Justice Administration Commission to better reflect the entities it oversees, and it also passed 9-0. The meeting ended with a recorded affirmative vote from Senator DeSigley on SB 624.
FL
Transcript Highlights:
- The other thing I want to point out is that right now, existing in the law is a special fiduciary duty
Committee:
Senate Judiciary
Keywords:
places of worship, house of worship, church, mosque, synagogue, religious security, armed security, volunteer security, private security, security guard licensing, licensure exemption, Florida Statutes chapter 493, Class G license, Class C license, security services, faith-based institutions, public safety, military jurisdiction, delinquency, concurrent jurisdiction
WA
Washington 2025-2026 Regular Session
Senate Ways & Means Jan 15th, 2026
Transcript Highlights:
- Our primary fiduciary duties are safety, liquidity, and return, in that order.
Summary:
The committee first received a JLARC work session on the 2025 tax preference performance reviews, covering nine tax preferences and recommending legislative action on eight. JLARC reviewed natural gas transportation fuel preferences, travel agent and tour operator B&O rates, a property tax exemption for nonprofit low-income housing developers, and several shorter reviews including senior center property tax relief, a disabled veteran adapted housing remittance, trade convention nexus treatment, wholesale sales of fertilizer/pesticides/seed, a hazardous substance tax exemption for pesticides stored for out-of-state shipment, and three energy-related preferences for a silicon smelter. JLARC generally recommended continuing preferences that met stated or inferred objectives, modifying some to improve reporting or performance metrics, and allowing the unused silicon smelter preferences to expire. The Citizen Commission endorsed JLARC’s recommendations, and committee members asked a few clarifying questions, including about trends in travel agent/tour operator beneficiaries and the housing exemption’s performance metric and data issues.
The committee then heard a work session and public hearing on Senate Bill 5754, which would create a Washington State public bank. A presentation from California public banking advocates and the Bank of North Dakota described public banks as government-owned financial institutions intended to keep public funds working locally, support lending for housing, infrastructure, and community development, and partner with community banks and credit unions. Committee questions focused on leverage, liquidity, constitutional issues, and how the model would interact with existing state investment and debt structures. Staff summarized the bill’s structure, including activation conditions, governance, powers, and fiscal impacts, noting the fiscal note was largely indeterminate and startup costs could be significant.
Public testimony on SB 5754 was divided. Supporters included statewide elected officials, county and city officials, labor, educators, community advocates, and residents, who argued the bank could lower borrowing costs, improve access to capital, keep public money in Washington, and help finance infrastructure, housing, and disaster resilience. Opponents included community bankers and county treasurers, who warned about risks to safety and liquidity of public funds, questioned the need for a new institution given existing programs, and argued the proposal lacked a proven track record in Washington. The hearing concluded with no vote taken in the transcript.
FL
Transcript Highlights:
- responses to this bill make clear that you recognize that there is a problem and that you take your fiduciary
Committee:
Senate Appropriations
Summary:
The Senate Appropriations Committee met with a quorum present and took up two bills. The first, SB 250 on rural communities by Senator Simon, was described as a broad rural development package creating an Office of Rural Prosperity, a Renaissance grant program, housing and transportation investments, added funding for rural education consortiums, and health care initiatives for rural areas. Senator Harrell asked about overlap between road funding programs, and the sponsor explained that eligible counties could receive both SCRAP and FARM funding. Several organizations waived in support or spoke in support, and the bill was reported favorably by unanimous vote.
The committee then heard SB 318, the committee substitute for educational scholarship programs by President Gates. The bill was presented as a response to Auditor General findings about the rapid growth and administration of Florida’s school choice and scholarship programs. It would separate Family Empowerment Scholarship funding from the FEFP, require more frequent student enrollment verification, lower scholarship funding organization administrative fees, require return of overpayments, create a student ID system, establish a $250 million stabilization fund, require annual audits, and direct DOE to recommend future program administration through competitive procurement. Gates also offered five amendments, including technical changes to eligibility documentation and a substantive amendment requiring a DOE report on future administration and competitive selection; all five amendments were adopted.
During debate and public testimony, senators and witnesses discussed accountability, software solutions, reimbursement delays, monthly attestations, and impacts on public schools and families. Supporters and opponents alike raised concerns about bureaucracy, fraud prevention, special education services, and whether the bill would help or burden parents. Gates said the bill aimed to fix tracking and payment problems without capping the program, and he noted the IEP timeline would be aligned with public school timelines. After debate, the committee reported CS for SB 318 favorably by unanimous vote, and then adjourned.
NM
New Mexico 2025 Regular Session
IC - Indian Affairs Nov 14th, 2025
House Government, Elections & Indian Affairs
Transcript Highlights:
- : The New Mexico Higher Education Department, prior to this administration, was really seen as a fiduciary