Transcript Highlights:

• Perishable goods and pharmaceuticals are unique assets, ones that lose value quickly and often go unsold
• Perishable goods and pharmaceuticals are unique assets, one that lose value quickly.
• It improves fairness because consumers who previously have limited assets or no access to these items
• It improves fairness because consumers who previously have limited assets or no access to these items
• will have more assets or more options when it comes to these these items.

Bills: SB1331, SB1375, SB1443, SB1578, SB2251, SB2519, SB2553, SB2655, SB2764, SB2907, SB3030, SB3033, SB3035, SB3036, SB3037, SB3043, SB3047, SB3050, SB3051, SB3056, SB3057, SB3063, HB9, HB467, HB331, HB1244, HB1399, HB2559, HB2730, HB3307, HJR1, HJR99, SB3048, SB3052, SB3053, SJR78, HB1327, HB2723

Keywords: civil service, firefighters, police officers, municipalities, local government, repeal, voter petition, health care, provider participation, continuation programs, population-based regulation, health care provider participation, Medicaid, hospital funding, voluntary compliance, mandatory payments, public health, healthcare program, county participation, nonpublic hospitals

Summary: The Senate Committee on Local Government heard several bills, most of them left pending after brief public testimony. House Bill 331, by Rep. Patterson and sponsored by Sen. Hinojosa, would create a presumption that firefighters, police officers, and EMTs who suffer a heart attack or stroke within eight hours after a strenuous shift were injured in the line of duty for workers’ compensation purposes; testimony from a firefighters’ association supported the bill, and it was left pending. Senate Bill 2655, by Sen. Flores, would authorize Burnet County to establish a local provider participation fund to help support local hospital services; a hospital administrator testified in support, and the committee substitute was left pending. Senate Bill 1443, by Sen. Hughes, would extend the Northeast Healthcare Provider Participation District in three counties, and House Bill 3307, by Rep. Noble, would allow property tax arbitrators to complete required continuing education online; both were left pending without opposition. Senate Bill 3048, by Sen. Birdwell, would create the Bluebonnet Hills Municipal Management District in Midlothian and was also left pending. The committee then took up House Bill 9 and HJR 1, sponsored by Sen. Bettencourt, which would raise the business personal property tax exemption from $2,500 to $125,000 and place the constitutional amendment on the November 4, 2025 ballot. Business groups, realtors, and taxpayers’ advocates testified in strong support, saying the change would provide meaningful relief to small businesses and help balance earlier homeowner tax relief. The City of Fort Worth testified in opposition, warning of a revenue shift to homeowners and budget impacts, but the committee adopted the committee substitutes and reported both measures to the full Senate on 6-0 votes. The committee also heard House Bill 1399 and HJR 99, by Sen. Nichols, to exempt animal feed from property tax when it is already sales-tax exempt; no one testified against them, and both were left pending. Senate Bill 2553, by Sen. West, would let owners of historic archaeological sites protest land and structure appraisals separately, and it was left pending after supportive testimony. Senate Bill 2907 and SJR 78, also by Sen. West, would exempt certain perishable inventory, including food and some prescription drugs, from property tax if approved by voters; pharmacists, business groups, a researcher, and a coalition of retailers and food/medicine advocates supported the bill, and it was left pending. Finally, Senate Bill 1331, by Sen. Hancock and explained by Sen. Middleton, would lower the population threshold for certain municipal civil-service-related petition restrictions from 950,000 to 70,000; law enforcement representatives and a San Marcos police association supported it, and it was left pending. The committee then recessed until 15 to 30 minutes after adjournment.

Transcript Highlights:

• We're requesting $100 million, and as always, asset preservation is our first priority.
• requesting $100 million and<00:01:31.480> as<00:01:31.640> always,<00:01:32.200> asset
• <00:01:32.600> preservation<00:01:33.360> is<00:01:33.600> our and as always, asset
• preservation is our and as always, asset preservation is our first<00:01:34.000> priority.
• and extends asset life. and extends asset life.

Keywords: 1187, senate, all

Transcript Highlights:

• House Bill 302, relative to enabling the state treasurer to invest in precious metals and digital assets
• This bill is relative to enabling the state treasurer to invest in these metals and digital assets going
• This bill is uh relative to assets.
• <00:06:58.479> going these metals and digital assets going these metals and digital assets
• <00:54:45.119> were and the telecom is that the assets were and the telecom is that the assets

Keywords: 928, house, all

Summary: The hearing focused on House Bill 302, which would allow the state treasurer to invest public funds in precious metals and digital assets. The sponsor was not present, so Representative Urs introduced the bill briefly and said he did not know much about it. No one from the Treasury Department testified, and members repeatedly noted the treasurer’s absence. Susan Elme testified against the bill, arguing that these investments are highly volatile and contrary to the treasury’s duty to remain stable and liquid. She said the bill should be killed. In questioning, she estimated the 5% cap in the bill would amount to roughly $10 million, depending on available funds, and said such investing would be more appropriate for an individual day trader than for the state treasury. Members also discussed prior legislative experience with Bitcoin-related proposals and raised concerns about whether the treasury had the staff expertise to manage commodity or digital asset investing. The committee did not take a final vote; instead, it agreed to hold a work session and seek additional information from the treasurer, with a plan to revisit the bill on April 1.

Transcript Highlights:

• One of those assets is 3.5 million acres of land and mineral assets.
• The other asset is a financial asset.
• Uh think that it really has two assets.
• The other asset is a financial assets.
• The other asset is a financial asset.<01:05:35.760> So<01:05:35.920> when<01:05:36.079>

Keywords: 1187, senate, all

Transcript Highlights:

• The standards for digital assets mirror those already in place for other assets held in custody by credit
• assets such as cryptocurrencies. assets such as cryptocurrencies.
• virtual<04:31:44.880> currencies As digital assets and virtual currencies As digital assets
• > currencies Digital assets and virtual currencies Digital assets and virtual currencies are<04
• apply to other assets held that already apply to other assets held in<04:32:40.960> custody<04

Keywords: 1187, senate, all

Transcript Highlights:

• The assets are paid for with bond revenue generated locally, and it just gives clarification of those
• assets of the sewage and water board.
• The sewage and water board's assets, and not the state's assets.
• What would it take for it not to be quasi-state, for it to be a city, a total city asset?
• What would it take for it not to be quasi-state, for it to be a city, a total city asset?

Bills: SB348, SB444, SB485, SB517, HB87, HB115, HB162, HB362, HB368, HB377, HB431, HB441, HB466, HB664, HB741, HB822, HB990, HB1243

Keywords: motor vehicles, enforcement, administrative support, law enforcement, private service provider, regulatory compliance, expropriation, public purpose, property rights, compensation, city governance, St. George, insurance premium tax, city of St. George, municipal authority, local taxation, East Baton Rouge Parish, economic development, Baton Rouge North, commissioners

Summary: The committee on local and municipal affairs met on May 7, 2026, approved the prior meeting minutes, and then took up a series of local bills. HB 362 creating the Regency Park Towns Townhomes Crime Prevention and Security District in Orleans Parish was reported favorably without objection. HB 822, dealing with nonprofit entities that hold appointments on boards and commissions while not in good standing with the Secretary of State, drew questions about whether it targeted a specific entity and about how long an entity should be out of good standing; the committee adopted an amendment changing the trigger to three consecutive years and then reported the bill as amended. A major portion of the meeting focused on HB 1243, which would give the Orleans Parish City Council more authority over the Sewer and Water Board. The sponsor, Council President J.P. Morrell, and Representative Hilfordy argued the bill would move New Orleans toward a more local, responsive public-works model and help address long-standing dysfunction. The Bureau of Governmental Research testified that it supported increased local control but urged a formal study or transition plan so the city would document the future governance structure. Despite those concerns, the committee adopted an amendment clarifying ownership of assets and then reported HB 1243 as amended. The committee also handled several St. George bills and other local measures. SB 348, allowing third-party administrative support for motor vehicle enforcement, and SB 444, granting expropriation authority for certain public projects, were reported favorably. SB 485, transferring insurance premium tax authority to the City of St. George, was initially amended but then reconsidered; the amendment was stripped and the bill was reported favorably. HB 990, concerning Jefferson Parish and unpaid water/sewer bills on multifamily properties, HB 466 on West Feliciana Parish property-tax rebates, HB 664 raising parish ordinance fines, HB 87 increasing per diem for a Livingston Parish gas utility district board, HB 115 abolishing the police chief for the Village of Edgefield, HB 741 creating emergency housing vouchers for human trafficking survivors, HB 377 removing civil-service pay restrictions for state examiners, HB 162 updating a crime prevention district fee, HB 368 raising fines for improper demolition of historic properties, and HB 441 returning Sewer and Water Board employees to city civil service were all reported favorably, most without objection. HB 431, requiring mayors to complete 16 hours of annual training, was amended to add continuing legal education and national conferences and then reported as amended. The committee adjourned after completing its agenda.

Transcript Highlights:

• That's the only way that you can ensure that once you pass that you can have as that child will have assets
• That's the only way that you can ensure that once you pass that you can have as that child will have assets
• That's the only way that you can ensure that once you pass that you can have as that child will have assets
• That's the only way that you can ensure that once you pass that you can have as that child will have assets
• That's the only way that you can ensure that once you pass that you can have as that child will have assets

Keywords: Meeting Start: 00:00 Attendance Roll Call: 00:01 SB 132 Discussion 00:44 SB 132 Vote 07:10 SB 33 Discussion 08:30 SB 33 Vote 17:24 SB 85 Discussion 18:08 SB 85 Vote 25:58 Adjournment: 26:38, 958, all

Summary: The committee first took up Senate Bill 132, which would clarify that state law does not limit local governments’ authority to regulate businesses affiliated with licensed massage therapists. The sponsor and supporting testimony from a police chief and the Kentucky League of Cities said the bill is aimed at helping cities respond to complaints about suspected illegal activity, including possible human trafficking, by expressly allowing local ordinances on zoning, licensing, inspections, advertising, hours, and sanitation. The bill also increases the penalty for practicing massage therapy without a license from a class B to a class A misdemeanor and makes each unlicensed session a separate offense, while preserving existing protections for trafficking victims. The committee then heard Senate Bill 33, which addresses recovery residence centers. Senator Thomas said the bill responds to fraudulent or noncompliant recovery homes operating without proper certification and creating neighborhood problems. The measure would require recovery residences to notify cities when they apply for and receive certification, report certain ownership and contact information, and allow cities to keep a registry so they can identify certified facilities. Testimony from the Kentucky Alliance of Recovery Residences supported the bill’s enforcement goals but objected to making addresses public, citing safety concerns for vulnerable residents; the sponsor agreed to remove the public-record language through a floor amendment. The committee passed the bill favorably 8-0. Finally, the committee considered Senate Bill 85, which would allow state retirement benefits to be directed to a special needs trust. The sponsor and co-sponsor said the bill is intended to help state employees provide for a dependent with special needs after the employee’s death without affecting eligibility for waiver or other benefits. A witness from the Kentucky Alliance of Recovery Residences supported the concept and noted the importance of clear language, while Senator McDaniel raised a technical concern about whether the bill could allow benefits to be directed to an unintended beneficiary. The sponsor said the language would be reviewed and clarified if needed. The committee approved the bill 8-0 with favorable expression and adjourned.

Transcript Highlights:

• Customers seeking local approval to install systems to protect their assets wait an average of 180 days
• To implement security technology to protect their assets and ensure employee safety, the monitored security
• The protection of outdoor assets is crucial.
• These businesses invest considerable resources to secure their assets and ensure employee safety.
• This is a national asset, as far as I'm concerned.

Transcript Highlights:

• Elliott that the Commissioner of the Division of Capital Asset Management and Maintenance be authorized
• Elliott that the Commissioner of the Division of Capital Asset Management and Maintenance be authorized
• Elliott that the Commissioner of the Division of Capital Asset Management and Maintenance be authorized
• Elliott that the Commissioner of the Division of Capital Asset Management and Maintenance be authorized

Keywords: 995, all

Summary: The House opened with the Pledge of Allegiance and then took up several routine matters from the Committee on Rules, including ceremonial resolutions recognizing the Concord-Nenezi sister city relationship, the 35th anniversary of the Massachusetts-Hokkaido sister-state relationship, and congratulating Rachel Cohen on earning Eagle Scout. The House suspended the rules and adopted those resolutions. It also suspended Joint Rule 12 on a number of petitions, including proposals involving neuropsychology evaluations for persons with intellectual disabilities, pharmacists’ participation as preferred providers, a sick leave bank for a Department of Transportation employee, and land/easement authority for the City of Lowell. The main substantive issue was House Bill 4001, the fiscal year 2026 state budget, which came from the Senate with a full substitute amendment. The House suspended the rules but voted not to concur with the Senate amendment. The chamber then agreed to reappoint a conference committee, naming Representatives Michlewitz, Ferrante, and Smola to negotiate with the Senate. The House also considered and advanced several Public Service Committee bills establishing sick leave banks for state and local employees, including Kendra Winner, Dana Johnson, Stephen Forget, Daniel Yender, and Martin Kratman; each was ordered to a third reading after suspension of the rules. Later, the House took up Senate No. 2521, a fiscal year 2025 supplemental appropriations bill. After suspension of the rules, the bill was read a second time, ordered to a third reading, passed to be engrossed, and then enacted. The emergency preamble was separately adopted by a recorded vote, and the bill was finally passed. The House also adopted an order to meet again the following Monday at 11 a.m., then adjourned.

Transcript Highlights:

• And so, rather than continuing to hold on to an asset that could Be of benefit not just to the people
• These are very targeted assets that we currently have that are not producing that could be of benefit
• We have these golf courses that are a losing asset.
• In fact, it's hard to call it an asset to be honest with you. It brings in $141,000 per year.

Bills: SB248, SB985, SB1307, SB1319, SB1405, SB1530, SB1919

Keywords: tourism, revolving fund, Oklahoma Tourism and Recreation Department, real property, fund management, Oklahoma Local Food for Schools, school meals, local food procurement, farm to school, school districts, Department of Agriculture, Food and Forestry, local producers, meat processors, reimbursement program, agriculture, nutrition, farmers, ranchers, local sourcing

Transcript Highlights:

• In the second finding, during current year testing of 15 asset retirements, we identified one asset totaling
• items, we discovered two cameras valued at about $8,500 that were still included on the agency fixed asset
• So yes, we compare that back to ASIS asset records at least once a year. Thank you.

Summary: The committee first approved the minutes from the prior meeting. It then heard audit reports from Tom Bullington, including two reports with findings and three without findings, which were filed without objection. The Department of Public Safety FY24 audit had two findings: a duplicate vendor payment of nearly $3,700 that was later recouped, and a $2.5 million collateral shortfall tied to bank-held cash funds because securities were not properly pledged in the State Police’s name. Agency representatives from Arkansas State Police and the Department of Public Safety answered questions, and members discussed how collateralization works for deposits above FDIC coverage. The committee next reviewed the Department of Transformation and Shared Services FY24 audit, which contained five findings. These included an $800 career service overpayment caused by a rehire data entry error, delayed deactivation and inventory issues for assets including stolen cameras, a double count of more than $940,000 in year-end cash records, $10.3 million in health claims that should have been recorded as fiscal year 2024 payables, and repeated deficiencies in vehicle mileage logs. Agency officials explained that the stolen cameras were recovered through restitution, that inventory reviews are being expanded, and that the vehicle log problems are expected to be addressed through a statewide electronic GPS/telematics system. Members asked about the scope of audit testing, asset tracking, vehicle oversight, and whether the new vehicle system would allow monitoring of use, fuel purchases, geofencing, and possible sharing of vehicles across agencies. Shared Administrative Services said it would administer the statewide system, with departments retaining operational responsibility and access controls. After discussion, the committee filed the report without objection and adjourned, noting the next meeting would be held June 4.

Transcript Highlights:

• In the second finding, during current year testing of 15 asset retirements, we identified one asset totaling
• 42 items, we discovered two cameras valued at about $8,500 that were still included on the AC fixed asset
• So yes, we compare that back to ASIS asset records at least once a year. Thank you.

Keywords: 1204, all

Transcript Highlights:

• the State Highway System Management Plan, also known as, I'm sorry, rather than the Transportation Asset
• Management Plan, also known as... ...as, I'm sorry, rather than the Transportation Asset Management
• SB 1250 would connect wildlife connectivity to the Transportation Asset Management Plan, which would
• But I'm not confident that treating connectivity assets like traditional transportation assets is the
• High-speed rail is a critical asset and a tool for connecting our state, as well as reducing greenhouse

Summary: The Assembly Transportation Committee met first as a subcommittee due to the lack of a quorum, then later obtained a quorum and took up several bills. The committee heard SB 1064, which would reduce the frequency of Clean Truck Check testing for low-use heavy-duty vehicles; supporters said it would ease burdens on rural agricultural businesses, while clean air advocates opposed it as weakening an important emissions program. The bill was approved and sent to the Assembly Appropriations Committee. The committee also heard SB 1174, which would give Caltrans bid preferences to construction firms with employee stock ownership plans; supporters argued it would build worker wealth and improve project quality, while contractor groups opposed it as likely to raise costs and reduce competition. That bill was approved and sent to the Assembly Judiciary Committee. The consent calendar items SB 607, SB 962, and SB 990 were also approved. The committee then heard SB 1279, which would allow Long Beach to place additional speed safety cameras on Pacific Coast Highway. Long Beach officials and several safety and advocacy groups supported the bill, citing high fatality rates and repeated pedestrian crashes on that corridor, while some members raised concerns about fines, affordability, and whether cameras would address pedestrian-related collisions. The bill passed as amended to the Assembly Privacy and Consumer Protection Committee. SB 1213, the Clean Truck Transportation Act, would require more price transparency for medium- and heavy-duty zero-emission truck incentives and direct agencies to explore alternative financing tools; supporters said it would improve affordability and competition, while one manufacturer and the trucking association raised implementation concerns. It passed to the Assembly Natural Resources Committee. The committee also heard SB 1013, which would tighten rules for automated license plate reader use by limiting retention to 30 days, requiring audits and training, and restricting access and hot list use. Privacy advocates supported the bill as overdue accountability, while law enforcement groups argued the retention limit would hinder investigations and that some technical definitions needed work. The bill passed to the Assembly Privacy and Consumer Protection Committee. SB 1315, dealing with advanced driver assistance systems, would prevent automakers from disabling a consumer’s ability to drive their own vehicle through software updates and would encourage DMV testing questions about ADAS responsibilities; after amendments, industry opposition softened and the bill passed to the Assembly Judiciary Committee. Finally, SB 1246, on autonomous vehicle emergency response, would require U.S.-based remote drivers, quicker on-scene response, and better coordination with local agencies; first responders and labor groups supported it, while AV industry groups remained opposed unless amended. The bill passed to the Assembly Communications and Conveyance Committee. The transcript ended as the committee began hearing SB 1250, a planning bill to incorporate wildlife connectivity into transportation asset management, with the sponsor and supporters explaining it would improve safety and habitat planning without mandating specific projects.

Transcript Highlights:

• uh asset protection and proper<00:07:51.240> asset<00:07:51.600> management<00:07:52.080
• proper asset management of those school trust<00:07:52.760> lands.
• <00:08:27.440> for land management cuz we need assets for land management cuz we need assets
• The biggest piece, I think, is going to be our asset management plan.
• The financial asset is worth billion. The financial asset is worth $2.3<00:15:55.400> billion.

Keywords: 1187, senate, all

Transcript Highlights:

• In the case of coins, you're being charged a tax when you purchase the asset and then again when you
• <00:40:28.560> in buy it because it's like other Assets in buy it because it's like other
• Assets in that<00:40:28.920> you're<00:40:29.079> charged<00:40:29.400> a<00:40:
• , to make money on these assets, to invest in these assets.
• assets uh to make money on these assets assets uh to make money on these assets to<00:44:58.880>

Keywords: 1183, house

Transcript Highlights:

• <00:46:13.920> management about was our facility asset management about was our facility asset
• you >> This is part of the asset management you talked<00:51:13.280> about<00:51:13.440
• considered a state asset. considered a state asset. >> Damn. >> Damn.
• assets within within the facility. assets within within the facility.
• Every piece of every asset within a DAGS building.

Keywords: 912, senate, all

Summary: The Senate Committee on Government Operations held an informational briefing with the State Procurement Office on its small business procurement program. SPO staff described the program’s purpose as expanding access to state contracting for small businesses, including veteran-, Native Hawaiian-, and women-owned firms, and said they are seeking to make the current five-year initiative permanent before it ends in June 2027. They reported outreach efforts, a new website and newsletter, statewide surveys, draft administrative rules, and a 38% increase in small business registrations in the HANS database. They also explained that the program is intended to support outreach, education, certification, compliance, and a statewide database to connect agencies with qualified small businesses. Committee members focused heavily on whether the program is producing measurable contract awards, not just registrations. The chair and senators questioned the definition of “small business,” noting that SPO currently relies on SBA standards in HANS and is considering a Hawaii-specific definition based on employees, revenue, and Hawaii residency. Members raised concerns that the data showed only a small number of registered businesses receiving awards and that the database does not yet track awards well enough to evaluate performance. SPO responded that the database has had funding gaps, that the position was only filled in February 2025, and that the agency is still building the system and rules needed to track outcomes accurately. A major theme was how to make the program more effective for very small or “micro” businesses and how to reduce the complexity of state procurement. Members discussed the difference between set-asides and bid preferences, with SPO explaining that set-asides are generally tied to RFPs and preferences to IFBs. The committee suggested that future rules should make participation easier, provide more training and hand-holding, and possibly create pathways for micro businesses or groups of small businesses to bid together. No votes or formal actions were taken; the briefing ended with the committee asking SPO to provide more performance data and clearer information on outreach results and database contents.

Transcript Highlights:

• So, that's custodying of the asset.
• It also single asset transaction.
• I mean, the price fluctuates of the asset, right?
• Um, but they assets. It's not my forte.
• in the same way as conventional assets.

Keywords: 928, house, all

Summary: The subcommittee focused primarily on a bill concerning long-term care insurance rate increases and consumer notice. Members and staff discussed replacing or supplementing a proposed public hearing requirement with annual reporting, website updates, and consumer-facing disclosures about approved rate increases, carriers writing the products, and how the products work. Several participants emphasized that long-term care policies are long-term products, that rate increases can be spread over many years for actuarial reasons, and that consumers need better information about trends and the impact of increases. A major point of disagreement was whether the bill should try to cap premium increases. One member argued the real problem is unexpected increases of 15% to 20% and urged a statutory cap to protect consumers. Insurance department representatives and others responded that hard caps had been struck down in prior case law, that the department’s core responsibility is solvency, and that carriers need sufficient premium to pay future claims. They also said the market is struggling because many carriers stopped selling the product, leaving in-force policies to bear the cost, and that overly restrictive caps could cause insurers to withdraw from the state. The discussion then shifted toward a compromise requiring carriers to notify policyholders before a rate increase is approved and allowing a 60-day comment period. Participants debated whether the notice should come from the carrier, how confidentiality rules would apply before approval, and what the department should do with public comments. The department said it already reviews filings carefully and that submitted rates are often adjusted before approval; lawmakers noted that prior commissioners had pushed back on increases in some cases, including a seven-year moratorium. No final vote was taken in the excerpt, and the chair repeatedly tried to move the subcommittee along to other bills.

Transcript Highlights:

• Uh, we can track our assets and we can also control access to these databases for a lot of the private
• they're not available and you call your federal partners, uh, great partners, but they don't have the assets
• Almost every one of those would not be possible without these air assets.
• farm market roads and rural communities, it just, these seizures would not happen without those air assets
• Partners on the Joint Terrorism Task Force on, uh, national security threats with these assets also.

Transcript Highlights:

• As a regular user of Bitcoin and digital assets, I'm consistently targeted by scammers and fraudsters
• So it's not... it's less a fee, more of a markup on the price of the digital asset that we're selling
• So it's not... it's less a fee, more of a markup on the price of the digital asset that we're selling
• Here in Massachusetts, we manage $42 billion in assets for about 200,000 Massachusetts residents and
• They then States and closed-end funds when the funds trade at discounts to the net asset value.

Keywords: 995, all

Summary: The committee heard testimony on several financial services bills, with the main focus on cryptocurrency kiosk regulation, financial literacy, and earned wage access. Legislators and witnesses described widespread crypto-related scams targeting older adults, often involving impersonation, urgency, spoofed phone numbers, and rapid transfers through kiosks that are difficult to trace or recover. Supporters of the kiosk bills said Massachusetts needs licensing, registration, transaction limits, warning notices, receipts, refund protections, and other safeguards; some also urged a “pause” or hold on transactions to give victims time to reconsider and allow law enforcement to intervene. The Attorney General’s office, AARP, local law enforcement, and several prosecutors and sheriffs backed the consumer-protection approach, while Bitcoin Depot supported a narrower regulatory framework but opposed low fee caps and strict daily limits, arguing they would function like a ban and reduce legitimate use. Witnesses from Waltham police, Middlesex and Essex County law enforcement, and the AG’s office said crypto scams are growing quickly, losses are often unrecoverable once funds move, and current tools are limited. They described cases involving elderly victims losing thousands of dollars, and said warnings alone are not enough because scammers keep victims on the phone and guide them through the process. Some witnesses said a temporary hold or refund mechanism has worked in at least one case, while others emphasized that transaction limits and visible disclosures could reduce harm even if they do not stop fraud entirely. The AG’s office also said it would submit written opposition to separate earned wage advance legislation, while DailyPay testified in support of that bill, saying earned wage access helps workers bridge short-term gaps without debt or credit reporting. The committee also heard support for mandatory financial literacy education from Representative Jim Hawkins, who said high school students need instruction on credit, debt, and inflation before they enter adulthood. In addition, the committee took testimony on litigation financing bills from insurance industry representatives, who argued for disclosure and regulation of predatory litigation lending and warned about foreign interference and reduced plaintiff recoveries. No votes or final actions were taken during the hearing; members asked questions throughout, and the chair noted the need to move testimony along because of time constraints.

Transcript Highlights:

• You're really reducing the pool of people to be able to purchase an asset.
• You're really reducing the pool of people to be able to purchase an asset.
• I think part of your definition here is, you know, to dispose of assets.
• people come to me to sell their Assets people come to me to sell their Assets in<01:51:51.280>
• it's their only asset and I know<01:52:19.960> you're<01:52:20.159> going<01:52:20.480

Keywords: 1187, senate, all