Video & Transcript Research : 'asset limits'
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NM
Transcript Highlights:
- So we know that the original text of House Bill 99 talked about limiting punitive damages.
- They practice law under a professional limited liability corporation or an S corp.
- it would be personally owned assets.
- I'm going to limit it to three people. Let's see. Mason Graham.
- Madam Chair, I'm trying to limit this. But so is there an enforcement action to this?
Keywords:
medical malpractice, malpractice reform, patient's compensation fund, PCF, health care liability, tort reform, damage caps, punitive damages, hospital liability, physician liability, nurse practitioner, certified nurse-midwife, outpatient facility, ambulatory surgical center, urgent care, free-standing emergency room, insurance surcharge, superintendent of insurance, New Mexico hospitals, medical review process
MN
Minnesota 2025 1st Special Session
Committee on Housing and Homelessness Prevention - 02/27/25
Housing and Homelessness Prevention
Transcript Highlights:
- You're really reducing the pool of people to be able to purchase an asset.
- the number of people that are able to pay whatever the market rate is for whatever the asset is.
- 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>
US
US Federal 2025-2026 Regular Session
US House Floor Proceedings (Monday, July 21, 2025)
US Federal House Floor Meeting
Transcript Highlights:
- districts, but they're often limited districts, but they're often limited from<04:53:48.240>
- <05:37:28.160>
investors investors, including limited investors investors, including limited - financial technology and digital assets. financial technology and digital assets.
- technologies, including digital assets. technologies, including digital assets.
- <06:31:14.000>
from dollars in stolen digital assets from dollars in stolen digital assets
NM
Transcript Highlights:
- The PCF limits, just to state the obvious that many of you know, that the PCF limits are... ...that many
- Statutes of limitations are policy tools.
- It removes the statute of limitations on other crimes, and by eliminating those limitations, we send
- Not only should we remove any statutes of limitations...
- “Chairman, Senator Cedillo-Lopez, there is a limited…” “Chairman, Senator Sedillo-Lopez, there is limited
Keywords:
sexual crimes, statute of limitations, criminal justice, victim rights, child abuse, procurement, contracting, small business, local government, disaster recovery, emergency procurement, certification, public spending, juvenile justice, delinquency, rehabilitation, community corrections, risk assessment, public safety, health regulations
MA
Massachusetts 2025-2026 Regular Session
Senate Committee on Climate Change and Global Warming Jun 21st, 2026 at 10:00 am
Senate Committee on Climate Change and Global Warming
Transcript Highlights:
- climate mandates and protecting ratepayers by ensuring they aren't left on the hook for stranded assets
- The plan includes exploration of low-carbon fuels as an option for specific and limited industrial or
- So I guess my problem is we have some time limits. And how are we going to get there? Thank you.
- as long-lived assets.
- Including in several environmental justice communities, could create costly stranded assets.
Summary:
The committee heard testimony on two related issues: gas utilities’ climate compliance plans filed with the Department of Public Utilities and the recent DPU orders reforming the Gas System Enhancement Program (GSEP). Chair Creem and other senators emphasized that Massachusetts must reduce gas use, shrink the gas distribution footprint, and move customers to alternatives such as heat pumps, network geothermal, and non-gas pipeline alternatives (NPAs). DPU Chair Jamie Van Nostrand said the new GSEP orders lower the annual revenue cap from 3.0% to 2.5%, phase it down toward 1.5%, eliminate carrying charges, require more rigorous risk prioritization, and push utilities to consider advanced leak technology, relining, repairs, and NPAs. He also described the climate compliance plans as the start of a longer process covering decommissioning, stranded costs, line extension allowances, integrated energy planning, and targeted electrification demonstrations.
Senators pressed the DPU and utility witnesses on the lack of specificity in the climate compliance plans, especially the absence of numeric goals for gas usage reduction, customer conversions, and near-term deployment of NPAs. Utility representatives from Eversource and National Grid said their plans include NPA frameworks, integrated energy planning, targeted electrification pilots, network geothermal, and workforce transition efforts, but argued that implementation takes time, requires customer participation, and depends on coordination with electric utilities and communities. They said some NPA and electrification projects are being evaluated now, while larger-scale deployment is expected later in the decade. Senators also raised concerns about line extension allowances, with utilities explaining that new customers may be charged based on whether existing ratepayers would otherwise be harmed, while National Grid said it has begun increasing customer contributions to send stronger price signals.
Attorney General Mary Gardner supported the DPU’s GSEP reforms and said the office favors eventually stepping the GSEP cap down to zero by 2030, with repair and replacement costs recovered in base rate cases instead. She argued that the utilities’ plans still rely too heavily on business-as-usual approaches, do not adequately quantify scope 3 emissions, and leave unresolved questions about the obligation to serve and the future of line extension allowances. Advocacy witnesses from the Conservation Law Foundation and Acadia Center were more critical, saying the plans lack the detailed modeling, targets, and transparency needed to show how the utilities will help meet the Commonwealth’s heating and cooling sublimits and broader climate goals. No votes were taken; the hearing consisted of testimony and questioning.
CA
California 2025-2026 Regular Session
Assembly Water, Parks, and Wildlife Committee Jun 30th, 2026
Transcript Highlights:
- So the limiting factor of the subventions program has always been the local cost share.
- Fully funding Delta levee investments and improvements is essential to protect communities, state assets
- When two large bear species compete for the same limited habitat and food resources, displacement is
- Suitable relocation sites are extremely limited.
- Those barriers limit animal access to food, water, habitat, and mates.
Summary:
The committee heard several wildlife and water-related bills. SB 872, by Senator McNerney, would create a Delta Levees and Canal Subsidence Fund and allow waiver of local cost-sharing for Delta levee repairs to protect the State Water Project and Delta infrastructure. Supporters from water agencies, environmental groups, counties, and agricultural interests said the bill is needed to address levee failure and canal subsidence; there was no opposition, and the bill was held open until a quorum was present, with broad support expressed.
SB 1108, by Senator Caballero, would establish the Grasslands Ecological Area Conservancy in the Central Valley to coordinate conservation, habitat restoration, public access, and voluntary easements in a region described as the largest remaining wetland/grasslands complex west of the Mississippi. Support came from the Grasslands Water District, Audubon, conservation groups, and local stakeholders, who emphasized the area’s importance to migratory birds, wildlife corridors, and land-use transition under groundwater sustainability. There was no opposition, and the bill received favorable committee support.
SB 1135, by Senator Blakespear, would reestablish and strengthen the statewide wildlife coexistence program to reduce human-wildlife conflict through nonlethal deterrence, education, and compensation for livestock losses. Supporters cited rising wildlife incidents, wolf depredation, and the need for proactive tools; opponents and some committee members raised concerns about rural impacts, funding, and the absence of law enforcement/public safety as a specifically named advisory role. After discussion and amendments that moved the cattlemen and Farm Bureau to neutral, the bill passed out of committee on a due-pass motion, though some members voted no or abstained.
SB 1305, by Senator Richardson, would direct CDFW to study the feasibility of grizzly bear reintroduction and prepare a roadmap, with tribal consultation and stakeholder engagement, but would not itself authorize reintroduction. Tribal sponsors and conservation groups supported the bill as a planning and cultural restoration effort, while hunting, ranching, and county groups opposed it, arguing California already faces major wildlife-management and funding challenges and that the proposal would create new conflicts. Committee members debated costs, appropriations, and whether the study should include funding estimates; the bill was amended and passed on a due-pass motion. The committee also heard SB 1250, by Senator Cortese, which would require Caltrans to incorporate wildlife connectivity into transportation planning; supporters said it would reduce wildlife-vehicle collisions and improve habitat connectivity, and the bill was presented in support as the hearing continued.
MN
Minnesota 2025 1st Special Session
Committee on Environment, Climate and Legacy - 02/18/25
Environment, Climate, and Legacy
Transcript Highlights:
- having problems with their roof, um, which leaks, so we really need to preserve this amazing historic asset
- <00:21:31.400>
this celebrate without limitations this celebrate without limitations this - <00:48:38.079>
and agricultural resources and assets and agricultural resources and assets - It's also a recreational asset and also is great habitat.
- it's also a recreational Abit uh asset it's also a recreational Abit uh asset uh<01:29:49.600>
SC
South Carolina 2025-2026 Regular Session
Healthcare and Regulatory Subcommittee Jun 24th, 2026
Transcript Highlights:
- We also have an asset accountant in GFM whose responsibility is to track fixed assets, manage inventory
- Our asset accountant is solely responsible for tracking the agency's approximately 4,900 assets.
- , and adjustments reported back to the asset accountant.
- Even though the state threshold for an asset is $5,000, our agency tracks low-value assets down to $2,500
- Accessibility, reduce limitations, and support long-term success.
Summary:
The committee met to receive a detailed financial operations presentation from the South Carolina Vocational Rehabilitation (VR) agency, with staff walking members through funding sources, budgeting, accounts receivable, accounts payable, and grants management. Sabrina Walker explained VR’s blended funding structure, including federal grants, state appropriations, program income, and interagency contracts, and emphasized that state funds are essential to meeting the federal match and maintenance-of-effort requirements. Members asked repeatedly about transparency, audit controls, and the risk that state cuts could reduce federal drawdowns; staff responded that all reports reconcile back to the SCEIS accounting system, are subject to state audits and internal reviews, and that even modest state reductions could significantly reduce total available funding. The committee also discussed pre-employment transition services for students with disabilities, with staff confirming services are offered through school districts, charters, and private schools, and that contracts are monitored for performance and compliance.
The presentation then shifted to budgeting and internal controls. Walker described a zero-based departmental budgeting process, monthly monitoring reports, contingency reserves for unexpected expenses, and a formal annual cycle that culminates in board approval. Members asked about facilities tracking, culture, and how the agency maintains accountability; staff said facilities staff inspect buildings and equipment, supervisors justify line-item requests, and the process has become smoother over time as departments learned the system. Cynthia Johnson followed with an accounts receivable overview, describing invoicing, receipting, aging, customer verification, year-end reporting, and the use of cross-training, shared email inboxes, and spreadsheets as checks and balances. She also explained work training center billing, interdepartmental transfers, and the revolving fund used to issue consumer checks more quickly than standard vendor payments.
Olivia Perez presented accounts payable operations, including invoice processing through SCEIS and OnBase, the three-way match, travel reimbursements, revolving fund checks, State Treasury Office interactions, and handling of reversals, rejections, and levy notices. She reported that AP processed 67,723 SCEIS payments, 13,670 case management system invoices, 3,379 travel reimbursements, and 15,693 revolving fund checks in fiscal year 2025, with only 70 payment rejections. The final portion of the meeting covered Grants and Funds Management, where Walker explained federal reporting, drawdowns, payroll allocation, asset tracking, lease and IT contract reviews, cost allocation, and closing packages. She noted upcoming system changes such as S/4HANA, Workiva, and SC Pro, but said the agency is receiving training and feedback opportunities. No formal votes or legislative actions were taken during the presentation portion beyond approval of the prior minutes and a brief recess.
OR
Oregon 2026 Regular Session
Joint Task Force On Municipal Solid Waste in the Willamette Valley 07/10/2026 1:00 PM
Transcript Highlights:
- I had a question about limitations of your current lending capacity.
- We'll try to limit your comments to three minutes, and we do have a timer.
- We'd ask you to keep us in mind and consider that asset going forward. Thank you.
- However, if said assets maintain business Don't strand assets in this process.
- So again, don't limit yourself to only U.S. ideas.
Summary:
The task force met to focus on funding systems and incentive structures for a proposed regional waste infrastructure effort, including how a future WIPA framework might support solid waste planning in the Willamette Valley. Staff and members heard presentations from DEQ on the Clean Water State Revolving Fund, from Business Oregon on the Special Public Works Fund, and from Oregon State Treasury on state bonding capacity and the bond issuance process. Presenters explained how their programs are structured, how projects are scored or approved, what kinds of public entities and projects are eligible, and how interagency coordination and co-funding can work. DEQ emphasized that its revolving loan fund is driven by water-quality benefits and public-health criteria, while Business Oregon described a broader infrastructure loan program for public entities with no scoring system, and Treasury outlined the state’s debt-capacity process and the differences between general obligation and lottery bonds.
Members used the presentations to discuss whether similar funding tools could support solid waste infrastructure, especially for transfer stations, regional hubs, and related facilities that may need to be built before Coffin Butte reaches the end of its lifespan. Several questions centered on whether public-private partnerships could qualify, whether equipment inside facilities could be financed, how repayment would work, and whether planning costs could be covered. DEQ and Business Oregon both said they could potentially collaborate on scoring or co-funding, but noted eligibility limits and the need for public ownership in many cases. Treasury said bond capacity is limited and competitive, especially for lottery bonds, and that project authorization generally runs on a two-year cycle, though unused authority can sometimes be reauthorized.
In task force discussion, members debated whether the group should pursue a dedicated funding lane for the seven-county region rather than having local governments compete with other statewide needs. Some members stressed the importance of criteria to avoid stranded assets and to ensure funding is available when projects are ready, while others raised concerns about how cities and counties would generate revenue to repay debt during construction and early operations. The group also discussed flow control, system fees, and the need for regional collaboration among counties, cities, and haulers to create enough waste volume to support new infrastructure. Staff noted that pre-session filing materials for the legislature are due September 11, and the chair said the August meeting will focus on organizational structure and identifying partners.
During public comment, Representative Kevin Mannix submitted written testimony supporting the WIPA concept and urging the task force to endorse it. Commissioner Bubba King of Yamhill County urged the task force to compare alternatives objectively and warned against adding bureaucracy before evaluating existing infrastructure and costs. Commissioners Kevin Cameron and Roger Nyquist of Marion and Linn counties described regional hub-and-spoke concepts, transfer stations, and intermodal options, emphasizing the need for planning, strategic siting, and collaboration with haulers and local governments.
CA
California 2025-2026 Regular Session
Assembly Floor Session Jun 29th, 2026
California House Floor Meeting
Transcript Highlights:
- accountability and limited public input.
- The bill implements the three-party agreement on the Medi-Cal asset limit and premiums, with implementation
- By lowering the Medi-Cal asset limit from $130,000 to $21,000 for an individual, this budget tells those
- It rejects the immediate Medi-Cal asset limit cuts. It delays immediate Medi-Cal dental cuts.
- We rejected the immediate asset test limit, which would have stripped coverage for seniors and people
Summary:
The Assembly convened after a quorum call, prayer, and pledge, then moved through a largely procedural session with several unanimous-consent motions, guest introductions, and budget-related trailer bills. Members also adopted resolutions recognizing June as Dairy Month and June 2026 as Electronic Dance Music Month, and later approved H.R. 88 commemorating the 250th anniversary of the Declaration of Independence. Guest introductions highlighted the Los Angeles Dodgers, San Diego Kappa League, Assembly staff member Mukhtar Ali, and Jennifer Levy, who is advocating against drunk driving after the death of her son.
On the floor, the Assembly considered a series of Senate budget trailer bills presented by Assembly Member Gabriel. SB 170 reorganizes housing and homelessness agencies; SB 171 makes labor-related cleanup changes; SB 172 addresses general government, broadband, and NextGen 9-1-1; SB 174 extends remote court hearings and related court provisions; SB 177 advances options related to Medi-Cal and employer contributions; SB 180 extends the California Competes tax credit and conforms tax treatment for certain savings accounts; SB 169 covers transportation and DMV-related provisions; SB 168 creates a zero-emission vehicle incentive program and other clean-energy changes; SB 166 implements natural resources and environmental protection budget items; SB 165 extends the skilled nursing facility financing framework; SB 163 updates developmental services; and SB 135 funds higher education initiatives, including community college enrollment and Cal Grant changes. Most of these measures passed with bipartisan support, though several drew opposition over concerns about bureaucracy, fees, oversight, or policy direction.
The Assembly also passed SB 719, which updates vehicle-related protections for domestic violence survivors, SB 97, an urgency bill making clarifying changes to digital financial asset law, SB 1350, which supports hydrogen and clean energy development, and SB 1344, which aims to reduce meritless lawsuits delaying affordable and supportive housing projects. AB 182, which sets the order for proposition numbers on the November ballot, was approved despite criticism that it manipulates the ballot numbering process. Votes on the measures were recorded, with many passing on strong margins and several transmitted immediately to the Senate or Governor as noted in the proceedings.
KY
Transcript Highlights:
- valuable asset they own. valuable asset they own. their<00:08:48.959>
this <00:08:49.200>< - this proposal ensures those assets their this proposal ensures those assets go<00:08:51.120>
where - families, especially those with limited families, especially those with limited resources.<00:09
- The TAD deed is also carefully<00:10:33.920>
limited. - It does not override carefully limited.
Summary:
The committee first considered Senate Bill 17, a cleanup bill updating Kentucky CASA statutes. The sponsor and witnesses said the bill would reduce the required board size from 15 to 12 to better fit rural and regional programs, remove the ban on certain CHFS employees serving as CASA volunteers while preserving DCBS independence, and update statutory references from the National CASA Association to the Kentucky CASA Network and current national standards language. Members expressed support for the program’s child advocacy role. A committee substitute and title amendment were adopted, and SB 17 passed 8-0 and was reported favorably.
The committee then heard Senate Bill 34, which would authorize transfer-on-death deeds for a primary residence or primary vehicle. The sponsor and Uniform Law Commission witnesses said the measure is intended to let owners name a beneficiary to receive property at death without probate, while retaining full ownership and revocation rights during life. They said the bill is designed to be simple, affordable, and protective of creditors, Medicaid recovery, and surviving spouse rights, and that it has been adopted in 30 states. Questions focused on how the deed would interact with wills, revocation, and possible fraud or family disputes; witnesses said a will would not revoke a TOD deed, only a recorded revocation or later deed would, and that challenges to capacity could be brought within two years. The county clerk association requested a future floor amendment on details, and title companies and bankers were described as neutral. SB 34 passed 8-0 and was reported favorably, with some members noting they would want to review the forthcoming amendment before final floor consideration.
NH
New Hampshire 2025 Regular Session
House Science, Technology and Energy (06/10/2025)
Science, Technology and Energy
Transcript Highlights:
- People are becoming more and more aware that they are becoming a valuable power asset.
- They've got assets deployed in Boston.
- They've got assets deployed in Boston.
- future assets to be built off-rid. future assets to be built off-rid.
- Um so um got assets deployed in Boston.
AZ
Transcript Highlights:
- And here's a reason to consider a limited allocation to gold. No counterparty risk.
- That means physical gold held in secure custody is one of the few financial assets with no counterparty
- standards that recently went into effect, reclassifying physical gold as the highest form of reserve asset
- Treasuries may not always be the safest asset.
- We would have access to the asset, not just the value of the asset.
Keywords:
bullion, depository, legal tender, Arizona, finances, precious metals, financial transactions, investment, state treasurer, gold bullion, treasury management, financial regulations, 1182, all
Summary:
The Committee on Regulatory Oversight heard two bills from Representative Lisa Fink related to gold and silver. HB 2123 would create an Arizona Bullion Depository under the State Treasurer, allow a third-party administrator and vault services, require insurance for deposits, and recognize gold and silver as legal tender. Fink and a supporter testified that the bill would make bullion more practical for everyday use through a debit-card-style system, provide an inflation hedge, and expand access beyond wealthy investors. During committee discussion, one member voted present because of the bill’s rulemaking language, while others voted yes; the bill received a do pass recommendation by a 4-0-1 vote.
The committee then considered HB 2140, which would allow state and local governments to store bullion in the depository, authorize the State Treasurer to place up to 10% of state monies in bullion, and require the Department of Insurance and Financial Institutions to adopt rules. Fink argued the bill would diversify state assets and protect against inflation and counterparty risk, citing Utah’s treasurer and constitutional support for gold and silver. A member asked whether the rulemaking provision could be removed, and Fink said she was open to discussing that with the treasurer. With no public testimony, the committee approved HB 2140 on a 4-0-1 vote, and then adjourned.
KY
Kentucky 2025 Regular Session
Capital Projects and Bond Oversight Committee (12-16-25) - Reupload
Transcript Highlights:
- <00:17:54.320>
This asset preservation bond funds. This asset preservation bond funds. - , >> They are both within the city limits, >> They are both within the city limits, but
- So it from in the city limits part.
- and any potential lead assets.
- This 100% potential lead assets.
Keywords:
Reuploaded tor restore the roll call and minutes approval
0:00:01 Call to Order and Roll Call
0:00:20 Approval of Minutes
0:00:50 Information Items
0:01:39 Project Rpt from Eastern KY University
0:06:54 Lease Rpt from University of KY
0:11:33 Project Rpt from Finance and Admin Cabinet
0:18:50 Lease Rpt from Finance and Admin Cabinet
0:29:33 OFM – KY Infrastructure Authority
0:38:27 OFM – Debt Issues
0:46:27 Louisville Arena Authority
1:24:30 Adjournment, 958, all
Summary:
The committee first approved the November minutes and received information items on University of Kentucky medical and research equipment purchases, five school districts reporting upcoming bond issues with no additional tax levies needed, and a School Facilities Construction Commission list of prior debt issues for fiscal year 2026. It then considered an appropriation increase for a University of Kentucky project at the Central Kentucky Regional Airport in Richmond. University officials said the project is 100% federally funded and will construct a terminal building tied to EKU’s airport operations and planned flight school. Members asked about the relationship to aviation expansion and whether the flight school would be publicly operated; the witnesses said EKU would operate it, public appropriations had already been applied, and student revenue would help offset costs. The committee approved the item by roll call vote.
Next, the committee approved a University of Kentucky lease purchase for property at 415 West Sun Street in Morehead, Rowan County, for $6.4 million. UK said the property, which includes an 85,000-square-foot facility on 9.6 acres, is directly across from UK St. Clair and was offered by the Rowan County Board of Education after it moved to a new location. Members questioned why the payment schedule was structured as quarterly installments and why the price was below two appraisals; UK said the board requested the arrangement and did not want the full amount upfront, and there was no interest on the purchase price. The committee also approved this item.
The deputy state budget director then reported three appropriation increases in the Tourism, Arts and Heritage Cabinet: a Ballard Wildlife Management Area pump station project, Lake Barkley State Resort Park emergency repairs, and Lake Barkley lodge wing exterior repairs. After questions, staff explained the Lake Barkley increases were mainly to cover construction contingencies because bids came in close to available funding. The committee approved the action items, then heard four no-action pool projects: HVAC upgrades at the FFA leadership training center in Hardinsburg, Kentucky School for the Blind’s McDaniel Scoggin building, KSD’s Brett Brady Hall, and a Kentucky State University Shanty Hall renovation for the School of Engineering Technology. Finally, the committee heard two real property items: a new CHFS lease in Wayne County and a Transportation Cabinet lease modification in Christian County. The Wayne County lease drew the most discussion, with members questioning the high per-square-foot cost and whether another county location could be used; CHFS said it maintains offices in every county seat, this lease would replace an existing 1977 office, and the new construction was negotiated down from a higher initial bid. The Christian County item was described as a replacement site for driver licensing space, with renovation costs partly absorbed by the lessor and the remainder amortized over the lease term.
WY
Wyoming 2026 Regular Session
Senate Agriculture, State and Public Lands & Water Resources Committee, February 17, 2026
Agriculture, State and Public Lands & Water Resources
Transcript Highlights:
- shephering limitation. shephering limitation.
- /c><00:10:06.640>
conserved limited authority to shepherd conserved limited authority to shepherd - The bill participation limitations.
- the time limit and reporting. the time limit and reporting.
- It's really limiting in exist.
Keywords:
groundwater, water resource management, state engineer, aquifer study, corrective controls, monitoring wells, public reporting, water conservation, Colorado River, drought, irrigation, water rights, voluntary program, interstate agreements, conservation districts, supervisors, elections, agriculture, local governance, beneficial use
DE
Delaware 2025-2026 Regular Session
Delaware Nuclear Energy Feasibility Task Force Jun 29th, 2026 at 10:00 am
Transcript Highlights:
- H, acquire, own, and operate generation and transmission assets. Yes, Martin.
- And we want the state to acquire, own, and operate generation and transmission assets?
- Is that what she is… Own and operate generation and transmission assets?
- But they do own the transmission assets.
- So, on the transmission assets, it's in there because you just don't know.
NH
New Hampshire 2026 Regular Session
House Science, Technology and Energy (01/29/2026)
Science, Technology and Energy
Transcript Highlights:
- , such as the sale of generation assets, such as the sale of generation assets, the<00:09:35.279>
- , ways to maximize their taxable assets, ways to maximize their taxable assets, this<01:53:36.639
- Hydro and biomass have limits, too.
- <05:59:40.878>
can that their generationowned assets can that their generationowned assets - This effectively converted assets.
TX
Transcript Highlights:
- Remind me, as it relates to teachers, what’s their starting pay and what’s the upper limit?
- In specific asset classes, we might be able to generate on a run rate somewhere.
- Brad Wright, who's an asset manager and attorney out of Houston.
- Asset class private equity, what is that? It's pretty simple to just think about it.
- programs, and stretching every dollar to its absolute limit.
CA
California 2025-2026 Regular Session
Senate Labor, Public Employment and Retirement Committee Apr 22nd, 2026
Labor, Public Employment and Retirement
Transcript Highlights:
- In other words, instead of increasing earnings, those policies have led employers to limit the hours
- Rather than increasing earnings, these policies have often led employers to limit employee hours in order
- SB 954 takes important steps to restore safeguards by limiting the advanced manufacturing exemptions
- But it's like when you start to look at who should be a plaintiff, who could, how do we limit that?
- Most of the investable universe is not in the stock market; it's in private assets and alternative assets
Summary:
The committee heard SB 921, which would create a tax credit tied to agricultural overtime wages. Senator Grove argued the measure is intended to help farmworkers recover take-home pay lost after California’s agricultural overtime law reduced hours, and said the credit would apply only after overtime is paid and would not change existing overtime rules. Supporters included farmworkers, the California Farm Bureau, Western Growers, and other agricultural groups, who said the bill would help workers get more hours and more pay while helping employers afford overtime. Labor groups opposed the bill, arguing it would subsidize employers with taxpayer money and undermine the principle that employers, not the public, should bear overtime costs. The bill was held in subcommittee until more members arrived.
The committee then took up SB 1083, a follow-up to last year’s school employee misconduct database law. The bill would add an administrative law judge review for classified school employees before they are placed in the statewide egregious misconduct database, require notice when an employee leaves during an investigation, and extend related vetting to certain contractors and non-permanent workers. Supporters, including the California School Employees Association and the California Federation of Teachers, said the measure adds needed due process and parity with certificated employees while preserving student safety. School business officials, administrators, and other education employer groups opposed it, warning that the bill could add duplicative procedures, delay investigations, and weaken the protections created by SB 848. The committee passed SB 1083 on a 3-0 vote, with the bill sent to Appropriations and placed on call.
The committee also heard SB 1089, which would require CalPERS health plans to offer GLP-1 medications and expand access through CalRx. The author described the bill as a response to personal experience with obesity treatment costs and argued that broader access could improve health outcomes and reduce long-term costs. The American Diabetes Association and other medical groups supported the bill, saying GLP-1s are effective tools for preventing and managing type 2 diabetes and that access is often limited by insurance coverage and cost. A pharmaceutical industry representative expressed concerns but said discussions were ongoing. The committee approved SB 1089 on a 4-0 vote and sent it to Appropriations.
Finally, the committee heard SB 954, which would revise last year’s CEQA exemption for advanced manufacturing by narrowing the exemption and adding environmental, labor, and community protections, including prevailing wage, skilled-and-trained workforce requirements, and review for projects near disadvantaged communities. Labor and environmental groups supported the bill, saying the prior exemption was too broad and could cover highly polluting activities without adequate review. Business and manufacturing groups opposed it, arguing the added restrictions would make the exemption ineffective and push projects and jobs out of California. Members debated the balance between environmental review, labor standards, and manufacturing competitiveness. The bill was passed on a 3-1 vote, with Senator Strickland voting no, and was sent to Appropriations.
CA
California 2025-2026 Regular Session
Senate Labor, Public Employment and Retirement Committee Apr 22nd, 2026
Labor, Public Employment and Retirement
Transcript Highlights:
- Rather than increasing earnings, those policies have led employers to limit the hours that employees
- Rather than increasing earnings, these policies have often led employers to limit employee hours in order
- SB 954 takes important steps to restore safeguards by limiting the advanced manufacturing exemptions
- But it's like when you start to look at who should be a plaintiff, who could, how do we limit that?
- It's in private assets and alternative assets.
Summary:
The committee heard SB 921, which would create a tax credit to help agricultural employers offset overtime premium costs for farmworkers. Senator Grove and supporters, including farmworkers, the California Farm Bureau, and agricultural groups, argued the bill would restore lost hours and take-home pay after California’s agricultural overtime law reduced schedules. Opponents, including the California Federation of Labor Unions and CRLA Foundation, argued the proposal would subsidize employers with taxpayer dollars and undermine the principle that employers should pay overtime themselves. The bill was held in subcommittee until more members arrived.
The committee then took up SB 1083, a cleanup bill to the prior year’s school employee misconduct database law. The author and supporters said it would add due process protections for classified school employees, require an administrative law judge review before placement in the database, and improve notice and vetting rules for contractors and non-permanent staff. School employer groups and other opponents warned the bill could slow investigations and weaken child-safety protections. The committee approved the bill 3-0 and sent it to Senate Appropriations.
Members also considered SB 1089, which would require CalPERS health plans to cover GLP-1 medications and expand access through CalRX for chronic weight management and related health conditions. The author and supporters, including the American Diabetes Association and medical groups, said the drugs can prevent diabetes and improve health outcomes but remain unaffordable for many. Pharma representatives expressed concerns about the bill as drafted but said they were open to continued discussions. The bill passed 4-0 to Appropriations. The committee also approved the consent calendar 4-0.
Later, the committee heard SB 954, which would narrow and add guardrails to last year’s CEQA exemption for advanced manufacturing, including environmental review near disadvantaged communities and labor standards such as prevailing wage and skilled-and-trained workforce requirements. Labor, environmental, and community groups supported the bill as a cleanup of an overly broad exemption, while business and manufacturing groups opposed it, warning it would discourage investment and worsen California’s competitiveness. The bill passed 3-1 to Appropriations. Finally, SB 1299, a fire sprinkler fitter certification bill, was heard and passed 3-0 to Appropriations with support from the sprinkler fitters and building trades and no recorded opposition.