Transcript Highlights:

• She paved the way. many of the gaming compacts that are in front of this body throughout this time.
• And was involved before compacts were signed into law here in the state of California with marching.
• leaders to bring forth, bring forth the voices of California's first people, paving the way again for compacts
• , the first compacts in the state to be signed by the governor.

Keywords: 988, house, all

Transcript Highlights:

• As you mentioned, compacting is an ongoing negotiation.
• There are no compacts that have been signed as of yet.
• As you mentioned, compacting is an ongoing negotiation.
• There are no compacts that have been signed as of yet.
• no<00:39:49.119> compacts ongoing negotiation there's no compacts ongoing negotiation

Bills: HF1672, HF1877, HF1735, HF1734, HF1271, HF1634, HF1615

Keywords: medical cannabis, medical marijuana, cannabis, cannabinoids, hemp, marijuana registry, patient registry, visiting patient, Tribal cannabis, Tribal medical cannabis program, Tribal sovereignty, Office of Cannabis Management, designated caregiver, home cultivation, adult-use cannabis, cannabis flower, cannabis products, dispensary, cannabis retail endorsement, patient protections

Transcript Highlights:

• He said communities of color are often not very compact, so subordinating compactness could limit their
• <00:25:03.520> especially<00:25:03.919> since<00:25:04.159> compactness compactness
• especially since compactness compactness especially since compactness is<00:25:04.880> not<00
• color are often times not very Compact color are often times not very Compact and<00:25:13.120><
• <00:25:14.720> this and so if you subordinated compact this and so if you subordinated compact

Keywords: 1183, house

Transcript Highlights:

• And when we redistricted in the state, we made the Louisville districts much more compact and much more
• The neighbors were then, were before, and are now in compact and they're together.
• :20:29.640> districts<00:20:30.040> much<00:20:30.240> more<00:20:30.400> compact
• Louisville districts much more compact Louisville districts much more compact and<00:20:31.480><
• now in compact and they're together. now in compact and they're together.

Keywords: Meeting Start 00:00:04 Roll Call 00:00:14 HB 682 Discussion 00:01:41 HB 682 Vote 00:03:10 HB 731 Discussion 00:04:33 HB 731 Vote 00:06:26 HB 607 Discussion 00:09:24 HB 607 Vote 00:32:15 Adjournment 00:34:12, 958, all

Transcript Highlights:

• Uh, there are four regional compacts throughout the country.
• And so Minnesota, along with 12 Midwest states that comprise the compact, and both uh members of the
• uh there are four uh Regional compact uh there are four uh Regional compacts<01:00:41.400> uh
• /c> Mech is our regional compact that Mech is our regional compact that Minnesota<01:00:46.000> is
• Midwest states that comprise the Compact Midwest states that comprise the Compact and<01:01:50.240

Keywords: 1183, house

Transcript Highlights:

• And then the interstate fire compact allows us to order resources from other states across the nation
• If you see, there's some commercial space right off the interstate, most of that being restaurants and
• of joke a little bit that once students go somewhere else out of Bismarck-Mandan, it's like the interstate

Keywords: 908, all

Summary: The committee first reviewed the 2024-25 tuition waiver report for the North Dakota University System. Staff explained that waivers were reported for degree-seeking students and broken out by residency, institution, and waiver type. Members asked about partial versus full waivers, institutional discretion, athletic waivers, and whether campuses have published guardrails or transparency requirements. Staff said most waivers are set by institutions, with some statutory and board-required categories, and that athletic waivers are a small share of total waiver dollars. The report showed total gross tuition of $354.5 million, tuition waived of $38.9 million, and 11,193 of 42,040 students receiving some waiver. Members also discussed how waivers affect net tuition revenue, housing and food collections, and whether campuses are using waivers strategically compared with scholarships and other funding sources. The committee then heard a presentation on tuition rates by campus and State Board policy. Staff explained the board’s tuition factors for resident, Minnesota reciprocity, contiguous-state/U.S. nonresident, and international students, and noted that campuses often seek exceptions based on program-specific competition and enrollment goals. Members asked whether rates are based on cost or competition, and staff said campuses typically bring forward estimates and market comparisons when requesting special rates. The presentation also reviewed general fund appropriations versus net tuition revenue by campus, and members discussed how local tuition decisions and waivers do not directly affect the state funding formula, though they do affect institutional revenue and reserves. Questions were also raised about the Higher Learning Commission’s financial composite indicator and how it differs from the more intuitive reserve and revenue figures. The committee next received a broad overview of non-higher-education entities affiliated with the State Board of Higher Education, beginning with NDSU agriculture-related units. Dr. Greg Lardy described the State Board of Agricultural Research and Education, the NDSU Extension Service, the Agricultural Experiment Station, and the branch research centers, emphasizing their statewide role in crop and livestock research, extension education, and county-based outreach. He outlined funding mixes for extension, the experiment station, and branch stations, noting that grants and contracts support both research and education, while the agronomy seed farm is self-funded through seed sales. Members asked about the new and vacant FTE pool, R1 research status, matching requirements for grants, and whether state appropriations count toward research expenditures. Dr. Lardy also highlighted major research impacts, including crop varieties, virtual fencing, AI-assisted weed control, and NDAWN weather data. The Northern Crops Institute and the Upper Great Plains Transportation Institute also presented. NCI described its role in market development, technical services, and education for regional agriculture, its governance through the Northern Crops Council, and its funding from state appropriations, other states, and earned revenue. Members asked about the source of out-of-state funding, intellectual property, and the institute’s international reach. UGPTI then outlined its transportation research, federal and state funding structure, and work on road and bridge condition assessments, travel demand modeling, and workforce training. No votes were taken during the portion of the meeting reflected in the transcript.

Transcript Highlights:

• Chief Wantagh was actually the Grand Sachem of the Montaukett Indians and in 1657 signed the land compact
• community was being renamed from Ridgewood, the descendant, Thomas Seaman, of the earlier signer of that compact
• Chief Wantau was actually the Grand Statement of the Montaukid Indians and in 1657 signed the land compact
• community was being renamed from Ridgewood, the descendant, Thomas Seaman, of the earlier signer of that compact

Keywords: 993, senate, all

Summary: The Senate Education Committee met on May 5, 2026, and considered a series of bills, several of them brought up through motions for committee consideration. Chair Shelley Mayer said she would allow brief remarks but stated her opposition to those motioned bills, emphasizing her general practice of giving minority members’ bills consideration. The committee first took up S-16 (Jacob’s Law, on bullying and related school safety issues), which was moved out of committee on a majority vote, with Senators Jackson and Bynoe recorded without recommendation. The committee then debated S-717, a local bill by Senator Rose to exempt the Wantagh Union Free School District from the state’s indigenous mascots/logos restrictions. Senator Rose argued Wantagh’s mascot and name are tied to local history and not intended to denigrate anyone. The bill was moved, but the committee vote was not favorable enough to advance it, and it was referred onward to the Investigations Committee. S-4496, Senator White’s bill to protect women’s sports from what supporters described as unfair competition by biological males, drew strong support from the sponsor and strong opposition from Chair Mayer, who said she opposed it as mean-spirited and unnecessary; the bill did not advance. The committee also considered several school bus and transportation bills. S-4748, by Senator Borrello, would repeal the electric school bus mandate and replace it with a feasibility study; he cited safety, cost, and operational problems with early adopters. S-8847, by Senator White, similarly sought to remove electric bus mandates and leave decisions to local districts, and S-9667, by Senator Ryan, would delay the zero-emission school bus mandate by five years. The committee advanced some of these measures to other committees or the floor, while others did not move. In addition, the committee approved S-7788 on special education reserve funds, S-8288A on reasonable rates for public school room use, S-8368 on records retention for Education Department proceedings, S-8370 on temporary resident placement of children with disabilities, S-8370 on release of student records to juvenile detention facilities, and S-1049 on updating the Dignity for All Students Act’s cyberbullying definition to include AI-related harassment.

Transcript Highlights:

• Constitution calls for education, public safety, and roads, transportation, but this is like a cultural compact
• Constitution calls for education, public safety, and roads, transportation, but this is like a cultural compact
• Constitution calls for education, public safety, and roads, transportation, but this is like a cultural compact
• Cultural compact, like a social contract to look after seniors, the frail elderly, people with disabilities
• Cultural compact, like a social contract to look after seniors, the frail elderly, people with disabilities

Keywords: 1187, senate, all

Transcript Highlights:

• The Social Work Licensure Compact legislation is currently pending in Massachusetts and sponsored by
• want to speak to you today about the impact of this legislation against the social work licensure compact
• and all professional licensure compacts.
• A key feature of the social work licensure compact and all professional licensure compacts is a universal
• The commission is comprised of representatives from all 30 states that have enacted compact legislation

Keywords: 995, all

Summary: The committee held a hybrid hearing on a range of bills affecting children, families, disability rights, homelessness, and social services. Early testimony focused on H.215, which would support children experiencing homelessness by speeding access to child care vouchers and early intervention screenings. Boston officials, Horizons for Homeless Children, Head Start, pediatric and early education advocates, and families described delays in child care and early intervention, the developmental risks of homelessness, and the need for automatic referrals and faster access to services. Testimony also supported H.216, which would improve emergency housing assistance by restoring presumptive eligibility, reducing documentation barriers, extending shelter stays from six to nine months, and creating an ombudsperson; providers and legal advocates said current rules leave families sleeping in cars or outside and create unnecessary administrative hurdles. The committee also heard strong support for H.210, which would repeal the “Learn Fair” school attendance sanction that cuts cash assistance to families when children miss school. Advocates from legal aid, education, and anti-poverty organizations argued the policy is punitive, burdensome, and ineffective, disproportionately affecting low-income, disabled, and Hispanic/Latino families. Several speakers said chronic absenteeism should be addressed through supports such as family outreach, wraparound services, and school engagement rather than benefit cuts. Legislators and school officials from Salem also testified that their districts reduced absenteeism through supportive strategies, not sanctions. Additional testimony addressed children’s vision bills H.202 and H.166, with optometrists and researchers urging better screening, data systems, and treatment access to close achievement gaps caused by untreated vision problems. Senator Lovely also presented S.2714, proposing a study of discrimination in public accommodations for people with service animals. Later, testimony on H.279 supported changing social work licensure rules to remove exam requirements that speakers said disproportionately exclude multilingual candidates and candidates of color. The hearing also included testimony on bills related to the Judge Rotenberg Center and electric shock devices, with disability rights advocates opposing continued use of the devices and urging the committee to reject licensing or authorization for them. No votes or committee actions were taken during the hearing.

Transcript Highlights:

• , as well as 50% of the Connecticut River Valley Compact.
• as well as Marramac River Valley Compact as well as 50%<01:40:57.440> of<01:40:57.679> the
• <01:41:06.080> There's<01:41:06.320> a River Valley Comp compact.
• There's a River Valley Comp compact.
• for the Marramck River Valley Compact. for the Marramck River Valley Compact.

Keywords: 1191, senate, all

Transcript Highlights:

• This bill authorizes Pennsylvania to join the dental and dental hygienist compact.
• This bill authorizes Pennsylvania to join the dental and dental hygienist compact.
• working on for three sessions now that would allow Pennsylvania to join the dental and dental hygienist compact
• According to the Council of State Governments, 14 states have already adopted this compact, and it is
• , should determine the standards of practice for dental professionals here in Pennsylvania, not a compact

Summary: The House convened, opened with prayer and the Pledge of Allegiance, welcomed numerous guests and interns to the chamber, and established a quorum with 202 members voting on the master roll call. The House then received committee reports on several bills and a resolution, including measures from Consumer Protection, Finance, Communications and Technology, Rules, and Appropriations, and agreed to the reports. House Bill 1877 was reported as passed by the Senate without amendment and was signed by the Speaker for presentation to the Governor. The chamber adopted House Resolution 363, as amended, directing the Joint State Government Commission to study Pennsylvania’s early childhood education system, including the role of public and private equity in child care and recommendations to improve access and affordability. The House also advanced several bills on final passage, including House Bills 2551, 75, 76, 426, 1127, 2234, and 1585. These measures addressed issues such as banning government text-message collection of fees and tolls, medical licensing for physician assistants and physicians, native habitats at Commonwealth facilities, joining the dental and dental hygienist compact, a spent grain donation tax credit, and restrictions on mugshot removal fees. Most passed with broad support, though House Bill 1127 drew opposition over concerns about licensing standards and the compact structure. Members also considered House Bill 2650, creating the Governor’s Responsible Infrastructure Development Certification for data centers, and House Bill 2496, establishing a temporary pause on data center proposals while local ordinances are reviewed. Both bills were amended several times. Debate on HB 2650 focused on data center impacts on electricity costs, water use, noise, community benefit agreements, and farmland protection; one farmland-protection amendment was tabled, while other amendments on closed-loop cooling and enforceable local criteria were adopted. Debate on HB 2496 centered on preserving local control and home rule authority for municipalities, with amendments clarifying that local governments could continue curative amendment procedures and retain zoning powers. The House agreed to both bills as amended. The House also re-reported several bills from Appropriations and Rules, reconsidered and re-accepted a prior committee report on House Bill 2359, and announced caucus and committee meetings. At the end of the session, the House moved several bills to Appropriations, removed Senate Bill 1058 from the table calendar to the active calendar, and adjourned until Wednesday, June 24, 2026, at 11 a.m., unless recalled sooner.

Transcript Highlights:

• And I wear another hat on the Health Equity Compact as a member.
• One is the Health Equity Compact, and I'd be more than happy to connect you with the lead there and how
• they orchestrate folks to come in and speak to the compact.
• There are over 100 compact members, which is terrific.

Keywords: 995, all

Summary: The Permanent Commission on the Status of Persons with Disabilities equity subcommittee met, approved the prior minutes, and heard a presentation from the Massachusetts Department of Public Health’s Cater Center (Care Coordination Assistance, Training, Education, and Resources for Kids). Presenters Toria Haffey and Patty Loza explained that Cater provides training and technical assistance to MassHealth’s Cares for Kids providers serving children with medical complexity, with a focus on enhanced care coordination, family partnership, racial/cultural/linguistic equity, community resources, education systems, shared plans of care, and transition support. They described five e-learning modules, flexible one-on-one and group technical assistance, case review support, and informal virtual “cafes” for providers. They also noted the program has been operating for about two to three years and currently works with five hospital-based providers, including Boston Children’s, BMC, Tufts, NeighborHealth, and Baystate. Committee members asked about the number of families served, the relationship to MassHealth, and whether the model could be expanded beyond Boston-area providers. The presenters said Cater does not track enrollment numbers because that is handled by providers and MassHealth, and they agreed there is room to broaden reach and improve data collection. Members suggested connecting Cater with regional disability and case management networks, the Health Equity Compact, ACOs, and DDS-related contacts. Questions also focused on funding stability amid federal Medicaid cuts and workforce shortages in family engagement roles; Cater said the work remains a priority for MassHealth, though funding is a concern, and acknowledged staffing gaps, especially for family partners with lived experience. After the presentation, the committee discussed a NIH strategic plan for disability health research that had been circulated for future review. Because members had not yet read it, they agreed to place it on the agenda for the next meeting. The meeting then adjourned with no further business.

Transcript Highlights:

• And you can hear from the state engineer about water compacts and updates on the Colorado River and the
• engineer And you can hear from the state engineer about<00:27:10.000> water<00:27:10.400> compacts
• and<00:27:11.440> updates<00:27:11.840> on<00:27:12.000> the about water compacts
• and updates on the about water compacts and updates on the Colorado<00:27:12.640> River<00:27

Keywords: 981, all

Summary: The House convened with a quorum, approved the journal from February 12 as corrected, and heard several announcements and recognitions. Representative Joseph introduced the day’s “hidden figure,” Glenda Strong Robinson, a Boulder civil rights and faith leader, who was recognized by the chamber. Members also received announcements about an upcoming water education event, the Senate memorial for Senator Winter, scheduled duress alarm installations in member offices, and the House closure on Monday, February 16, for Presidents Day. Committee reports were received from Education and Agriculture, Water and Natural Resources. The Education Committee reported House Bill 1029 favorably to Appropriations and House Bill 1090 with amendments and a favorable recommendation to the Committee of the Whole. The Agriculture, Water and Natural Resources Committee reported House Bill 1034 with amendments and a favorable recommendation to the Committee of the Whole. The chief clerk also noted a printing report. The House then introduced three bills: House Bill 1210, concerning limiting the use of intimate personal data to make inferences affecting a person’s financial position; House Bill 1211, concerning regulation of broadband services by the Public Utilities Commission; and House Bill 1212, concerning the authority to carry a handgun. Each was assigned to the appropriate committee. The chamber then adjourned until Tuesday, February 17, 2026, at 10:00 a.m.

Transcript Highlights:

• Uh, compact discussions are ongoing with multiple nations.
• that your office and the the compact that your office and the governor<00:46:36.720> might<00
• Uh compact<00:46:44.079> discussions<00:46:44.480> are<00:46:44.720> ongoing<00:
• 46:45.119> with compact discussions are ongoing with compact discussions are ongoing with multiple
• So, this kind of relates to the timeline question and when compacts may be in effect.

Keywords: 1187, senate, all

Transcript Highlights:

• I think you mentioned something about a compact and other transferring...
• Senator Dunn, the compact I was speaking of was being able to have some consistency that you all are
• The way we have it now under the federal compact on regular driver's licenses, you know, a red octagon
• If we can, there's a way of doing a compact for those kinds of training and stickers and things like
• That would be a separate compact legislation reciprocity, basically, yes.

Keywords: 1182, all

Summary: The Arizona Off-Highway Vehicle Study Committee met with a quorum and heard opening remarks from members and stakeholders representing OHV users, ranching, state agencies, land management, law enforcement, and industry. The committee reviewed Senate Bill 1519, which would raise the OHV/ATV weight threshold from 2,500 to 3,500 pounds, create an OHV Law Enforcement Fund, direct certain vehicle license tax revenue to that fund, and allow some OHV recreation on state trust lands under existing permit rules. Members discussed the fiscal and policy implications of changing the weight threshold and whether to keep the current Highway User Revenue Fund structure intact or redirect revenue for OHV enforcement and mitigation. Industry testimony estimated roughly 11,000 new off-road vehicles were sold in Arizona in 2025, with about 24% over 2,500 pounds, and committee members debated whether a flat sticker fee increase or a revenue-neutral adjustment would be cleaner than shifting VLT revenue. The committee also reviewed Senate Bill 1567, enacted in 2024, which requires OHV owners to complete an online education course before receiving an OHV indicia, with a report due December 1, 2026 and repeal of the requirement in 2027. Game and Fish staff said the education requirement has already appeared to improve behavior, especially helmet use by children. Several witnesses supported expanding education to all operators, not just owners, and suggested a single statewide course for consistency and easier enforcement. A nonprofit representative described plans for an OHV ambassador/education program and said it would support a universal training requirement and self-policing efforts. A major portion of the meeting focused on funding needs for OHV law enforcement and resource mitigation. Based on prior committee direction, outside stakeholders presented estimates that county law enforcement needs could total about $3.5 million annually, while natural resource damage and road decommissioning needs could average about $7.5 million annually over time, for a combined target of roughly $11 million per year. The discussion emphasized that the estimate was intended as a broad target rather than a precise census, and that it did not include all possible costs such as fence repair, tank restoration, or environmental compliance. Members and witnesses discussed soft versus hard road closures, the need to prioritize resource protection areas, and the importance of pairing mitigation projects with enforcement and education so that repaired areas are not quickly damaged again. No formal votes were taken in the portion provided, but the committee appeared to be gathering information to guide future recommendations on fees, funding channels, and education policy.

Transcript Highlights:

• of 1922 or the Upper Colorado River Compact of 1948.
• 00:31:04.880> the<00:31:05.039> Colorado<00:31:05.520> River<00:31:05.840> Compact
• be used for the Colorado River Compact be used for the Colorado River Compact of<00:31:06.559>
• of 1922 or the upper U upper Colorado of 1922 or the upper U upper Colorado River<00:31:10.080> compact
• River compact of 1948. River compact of 1948.

Bills: SF0032, SF0010, SF0001, HB0001

Keywords: 911 services, emergency response, grant funding, next generation technology, government accountability, public safety, mental health, detention, competency evaluation, treatment, contractual agreements, Wyoming, budget, funding, education, wildfire prevention, healthcare, community colleges, grants, economic development

Transcript Highlights:

• It deals with a compact, as you can see in the amendment written, that we need for this particular group
• omitted last session, and so this is just really a fix so that this group can participate in the compact
• It deals with a compact, as you can see in the amendment written, that we need for this particular group
• omitted last session, and so this is just really a fix so that this group can participate in the compact

Bills: SB2401, SB2402, SB2403, SB2404

Keywords: SB 2401, North Dakota, Century Code, occupational therapy, occupational therapy board, criminal history record check, background check, licensee investigation, physician continuing education, medical license renewal, nutrition education, metabolic health, chronic disease prevention, health occupation boards, medical board, licensure fee, audit response, disciplinary action, Title 43, board of medicine

Summary: The Senate convened with prayer, the Pledge of Allegiance, and a quorum present. It adopted the procedural employment committee report naming Senate staff for the special session. The chamber then took up several health-care and appropriations measures, first adopting amendments to Senate Bills 2401, 2402, and 2403 before moving them to final passage. Senate Bill 2401 passed 44-2 and requires physicians to complete at least one hour of continuing education in nutrition and metabolic health, part of a broader rural health care package. Senate Bill 2402 passed 46-0 after major amendments negotiated between the medical and pharmacy boards; as amended, it expands pharmacists’ prescriptive authority and therapeutic substitution in limited areas while excluding categories such as antidepressants, antipsychotics, chemotherapy agents, Schedule II drugs, biological products, and narrow therapeutic index drugs. Supporters said it would improve rural access and help secure rural health transformation funding, while questions focused on how pharmacist competence would be measured and enforced. Senate Bill 2403, also passed 46-0, creates a short-term medical facility emergency operating loan program through the Bank of North Dakota, reduced by amendment from $10 million to $5 million, to help a financially distressed rural hospital. Senators discussed the hospital’s mismanagement, the need for a bridge loan, and safeguards including a limited application window and expiration in 2027. Senate Bill 2404 passed 46-0 and provides supplemental appropriations to the Information Technology Department for ADA-related website accessibility compliance and to the Public Service Commission for additional legal costs in federal energy-rate litigation. The Senate then made announcements about a Highway Patrol safety presentation and filing deadlines, excused an absent member, and adjourned until the next morning.

Transcript Highlights:

• So as I understand it, in the language of the bill, the air rifle will be prohibited in a compact area
• area, as far as it discards any cannon gun pistol area—oh yeah, compact area.
• A compact area would be no different than a bow or any other weapon.
• area, as far as it discards any cannon gun pistol area—oh yeah, compact area.
• A compact area would be no different than a bow or any other weapon.

Keywords: 1191, senate, all

Transcript Highlights:

• CS for HB 29, public records and meetings, social work licensure compact, by Representatives Hunschofsky
• to House Bill 27 that will create exemptions to comply with the requirements of the social worker compact
• This includes public meeting exemptions for commission meetings which govern the compact, along with
• exempting personal identity Public meeting exemptions for commission meetings which govern the compact
• , along with exempting personal identifying information of a social worker practicing under the compact

Summary: The Government Operations Subcommittee heard several measures focused on government structure, oversight, and public policy designations. The most debated bill was HJR 1325, which proposed a constitutional amendment to create a statewide Commissioner of Government Efficiency, abolish the lieutenant governor office and the Government Efficiency Task Force, and eliminate the constitutional requirement for an Auditor General appointment. Sponsors said the new commissioner would be a watchdog over waste, fraud, and abuse across state and local government, while opponents raised concerns about cost, single-subject issues, lack of implementation details, and whether existing oversight structures were sufficient. After extensive debate, the resolution was reported favorably by a recorded vote. The committee also approved HB 575, which redesignates the Gulf of Mexico as the Gulf of America in Florida statute, and HB 1445, which requires certain state officials and agency heads to have stronger ties to Florida and, for some positions, to live in the county where their agency headquarters is located. HB 1445 drew questions about practicality and whether a proximity standard would be better than a strict county requirement, but the sponsor said he would continue working on that issue. Both bills were reported favorably, with HB 1445 passing unanimously. In addition, the committee unanimously approved HB 259, designating August 21 as Fentanyl Awareness and Education Day, with supporters emphasizing the need for public education about fentanyl overdoses. The committee also passed CS/HB 29, the public records and meetings bill linked to the social work licensure compact, which creates confidentiality and meeting exemptions needed for the compact to operate. Public testimony on that measure was supportive, and it too was reported favorably without opposition.

Transcript Highlights:

• And in terms of some external initiative, we are examining the ability to interstate compacts with other
• that I'd be happy to take and also happy to assist other states in working towards, you know, and interstate
• 26.800> and working towards um you know, comedy and working towards um you know, comedy and interstate
• 27.760> on<01:31:27.920> these<01:31:28.159> sorts<01:31:28.320> of interstate
• agreements on these sorts of interstate agreements on these sorts of things. things. things.

Keywords: 1189, house, all

Summary: The Stable Token Study Commission held its first regular meeting, welcomed all remaining appointed members, and completed brief introductions from legislators and agency designees. The chair outlined the commission’s plan to use the first part of the enabling legislation as a “level-setting” discussion, focusing this meeting on the basics of blockchain, the current landscape for stablecoins and tokenized real-world assets, and leaving blockchain-based trust for a later meeting. No votes were taken. The main presentation came from Deanna Bario Zales of the Global Blockchain Business Council, who described stablecoins as increasingly converging toward fiat-backed or asset-backed models, with algorithmic designs viewed more cautiously. She said stablecoins are being used for payments, remittances, DeFi activity, cross-border transfers, retail use in high-inflation markets, and treasury functions, while noting risks such as peg instability, reserve transparency, counterparty and network risk, and possible capital flight from weaker banking systems. She cited growth in supply, wallet activity, and transfer volume, and said U.S.-pegged stablecoins dominate the market, with USDT and USDC leading. Zales also discussed tokenized real-world assets, describing them as digital representations of physical assets that can enable fractional ownership, liquidity, and faster settlement. She said the market is growing quickly, with institutional participation from firms such as BlackRock and Franklin Templeton, and projected continued expansion. She closed with an overview of regulatory developments, emphasizing the new U.S. stablecoin framework under the Genius Act, the proposed Clarity Act, OCC guidance, and similar regimes in the EU, UK, UAE, Singapore, Japan, and elsewhere, all of which she said are shaping compliance requirements and market development.