Video & Transcript Research : 'borrowers'
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MN
Minnesota 2025-2026 Regular Session
House Commerce Finance and Policy Committee 3/24/26
Commerce Finance and Policy
Transcript Highlights:
- borrowing is the norm, not an exception.<01:07:56.559>
So <01:07:56.720>borrowers <01:07 out 75% of borrowers take out 75% of borrowers take out >> 20<01:08:17.120>seconds< - These companies lure borrowers by advertising loans as interest-free even though 90% of borrowers pay
- These companies lure borrowers by advertising loans as interest-free even though 90% of borrowers pay
- Thank you. steps borrowers have to navigate to steps borrowers have to navigate to avoid<01:23:22.480
Keywords:
real estate, appraisers, disciplinary actions, sanction matrix, Minnesota Statutes, direct primary care, healthcare agreements, medical services, patient care, health insurance, mortgage fees, residential loans, commercial loans, finance regulations, investment properties, insurance, supplemental health insurance, short-term care, home health care, nursing care
CA
California 2025-2026 Regular Session
Senate Budget and Fiscal Review Subcommittee No. 1 on Education May 28th, 2026
Transcript Highlights:
- In some cases, there are unfunded mandates or borrowing that isn't necessary.
- In addition, I have concerns about the borrowing approach for the middle class scholarship program.
- Item 68, borrowing structure for the middle class scholarship.
- In addition, I have concerns about the borrowing approach for the middle class scholarship program.
- Item 68, borrowing structure for the middle class scholarship.
Summary:
The Senate Budget Subcommittee No. 1 on Education held its close-out hearing for the 2026 budget process, with the chair saying the Senate plan fully funds Proposition 98 and continues investments in universal school meals, career education, immigrant and LGBTQ+ student supports, UC/CSU compacts, and community college stability. Public commenters largely supported those priorities, including funding for CalNEW, Dream resource centers, teacher workforce programs, community schools, special education, paid pregnancy leave, and higher education aid, while some urged rejection of proposals they viewed as underfunding Prop 98 or adding non-LEA preschool costs into the guarantee. Others raised concerns about the middle class scholarship cut, CalFresh support for college students, and the need for clearer instructional windows and English learner supports.
During member comments, Senator Chao Bogh said many items were supportable but criticized placeholder language, lack of final details, accountability concerns, and some borrowing or mandate structures, including the middle class scholarship, adult learner program, Calbright common cloud platform, paid pregnancy leave, and apprenticeship backfill. The chair responded that the budget reflects major investments in K-12 and higher education, including full Prop 98 funding, elimination of the settle-up amount, middle class scholarship funding, and Dreamers resource centers, and emphasized the importance of supporting students regardless of documentation status.
The committee then moved to the vote-only calendar and adopted multiple staff recommendation packages. Part A issues 2-15, 24, 26-42, 44-71, 74-90, and 92-117 were approved unanimously; Part A issue 1 passed with Senator Chao Bogh voting no; and Part A sections 16-23, 25, 43, 72, 73, and 91 were noted as agreed to. In Part B, issues 1-10, 12-24, 25A, 26-27, 29-30, 32-34, 36-44, 48-49, 51-67, and 69 were approved, as were issues 11, 40, and 68, and issues 25B, 28, 31, 35, 45-47, and 50. The hearing then adjourned.
HI
Hawaii 2025 Regular Session
CPC/JHA Joint Public Hearing - Thu Feb 13, 2025 @ 10:00 AM HST
Transcript Highlights:
- <00:29:25.399>
the credit um uh to try to get to borrow the credit um uh to try to get to - the money from but we would do borrow the money from but we would do the<00:30:53.360>
borrowing< - so legislatively that $4 the borrowing so legislatively that $4 charge<00:30:56.559>
is <00:30 - we will be borrowing at junk so<00:34:04.919>
you're <00:34:05.080>saying <00:34:05.519 - that would allow same but to borrowing that would allow heo<01:02:19.079>
to <01:02:19.279>
Summary:
The joint committees heard testimony on HB 982 HD1, a wildfire-related measure aimed at creating a wildfire recovery fund and a financing structure to address future catastrophic wildfire liability. The Department of Commerce and Consumer Affairs, the Division of Consumer Advocacy, and the Public Utilities Commission submitted comments and were available for questions. Supporters included IBW Local 1260, Kauai Island Utility Cooperative, Clearway Energy Group, Hawaiian Electric, Par Hawaii, and others, while Charter Communications and the Hawaii Association for Justice opposed or raised concerns. Life of the Land supported the bill but urged changes to the definition of a catastrophic wildfire and noted concerns about prudency review language. IBW Local 1260 asked to restore language from the original draft, and Charter warned the bill could impair existing contract and indemnity rights unless amended.
A major focus of the hearing was Hawaiian Electric’s position on the HD1 version. Hawaiian Electric strongly supported the original bill but objected to the HD1 requirement for an additional $500 million shareholder contribution, arguing it was not feasible and could delay or prevent the fund from operating. The company said the bill would help protect customers and improve credit ratings by creating a dedicated revenue stream and a bankruptcy-remote financing structure, which it said would lower borrowing costs over time. Members questioned how the $1 billion securitization amount was chosen, whether credit rating agencies had indicated it was sufficient, and how the bill would work in bankruptcy; Hawaiian Electric said the amount was a balance among interests, not based on a specific agency directive, and that it would follow up on bankruptcy questions.
Opponents and skeptics raised concerns about liability caps, the new claims process, and unclear language on damages above the fund’s limits. The Hawaii Association for Justice argued the bill limits victims’ remedies and gives too much authority to the new entity without clear guardrails. Committee members also pressed Hawaiian Electric on comparisons to California, the feasibility of the shareholder contribution, and whether alternative capital-raising or divestiture options had been considered. No vote or final action was taken in the portion of the hearing provided; testimony and questioning continued with follow-up information requested from Hawaiian Electric and others.
KY
Kentucky 2025 Regular Session
House Standing Committee BR Sub on Postsecondary Education (2-27-25)
Transcript Highlights:
- for a particular degree what borrow for a particular degree what would<00:04:47.520>
be <00:04 - You really know what you need to borrow.
- So we even have a recommended pace for what they should be borrowing if they need to borrow up to that
- But our first goal is to keep them from borrowing anything if we can actually make that happen.
- <00:36:35.680>
if pace what they should be borrowing if pace what they should be borrowing
Summary:
Aaron Thompson, president of the Council on Postsecondary Education, and Travis Pal briefed the committee on Kentucky higher education performance, affordability, workforce alignment, and budget needs. Thompson said the state has made progress toward its 60x30 attainment goal, reporting 56.2% of adults with a credential of value and a 6.4% one-year increase in credentials. He highlighted gains in completion, enrollment recovery after COVID, lower student borrowing and debt, and faster degree completion, saying Kentucky is now back to an average of 4.1 years for four-year degrees. He also emphasized that postsecondary education has a strong return on investment for both students and the state.
A major theme was student success and access. Thompson described efforts to reduce barriers through test-optional admissions, the elimination of zero-credit developmental education, expanded wraparound supports, and Bridge programming for students not fully prepared for college. He also promoted Futurity, a student-facing information website, and said CPE wants modest ongoing funding to maintain it. He argued that higher education must work in a P-20 system with K-12, and that the state should better communicate the value of certificates, trade programs, and other credentials, especially for adult learners and men, who he said are underrepresented in college-going.
The presentation also focused on performance funding, capital needs, and workforce initiatives. Thompson and Pal said performance funding has pushed institutions toward more need-based aid and lower costs for low-income students, but they want more base funding, more performance funding dollars, and relief from about $38 million in mandated tuition waivers. They also said asset preservation and deferred maintenance remain major needs, estimating roughly $7 billion in campus need overall. On workforce, they cited healthcare pipeline work supported by state funding and private partners, and said HB 200 continues that effort into aviation, aerospace, and defense. No votes or formal committee actions were taken during the presentation, which ended with members indicating interest in further discussion.
MN
Minnesota 2025 1st Special Session
Committee on Commerce and Consumer Protection - 02/20/25
Commerce and Consumer Protection
Transcript Highlights:
- Australia Ford: Around this time, I borrowed a couple hundred dollars from what I now understand to be
- , resulting in 800,000 borrowers missing a monthly payment.
- Without the CFPB doing this work, who is going to protect student loan borrowers like me?
- resulting in 800,000 million borrowers resulting in 800,000 borrowers<00:33:38.000>
missing <00 - the wrong amount of money from borrowers the wrong amount of money from borrowers bank<00:33:54.919
US
US Federal 2025-2026 Regular Session
US House Floor Proceedings (Thursday, September 4, 2025)
US Federal House Floor Meeting
Transcript Highlights:
- 71 to 72,000 a second is our borrow. 71 to 72,000 a second is our borrow.
- <00:47:36.319>
7.3% going to borrow 7.3% going to borrow 7.3% of<00:47:38.640>the < - Okay, that would mean borrowing 3%.
- <04:22:38.720>
It's going to borrow $2.5 trillion. It's going to borrow $2.5 trillion. - . borrowing. borrowing. 365<04:34:02.959>
days.
NH
MN
Transcript Highlights:
- Tax-exempt bonds have helped finance projects at low borrowing costs for decades.
- to realize the lowest borrowing cost<01:09:47.679>
for <01:09:47.839>the <01:09:48.440> - <01:10:40.719>
costs finance projects at low borrowing costs finance projects at low borrowing - helps preserve additional borrowing helps preserve additional borrowing capacity<01:26:09.639>
- future borrowing future borrowing capacity<01:27:04.840>
the <01:27:05.000>table <01 - future borrowing future borrowing capacity<01:27:04.840>
US
US Federal 2025-2026 Regular Session
US House Floor Proceedings (Tuesday, January 14, 2025)
US Federal House Floor Meeting
Transcript Highlights:
- money to pay for our borrowing.
- they're just a few hours of borrowing they're just a few hours of borrowing from<05:21:22.680>
- is borrowed is borrowed money<05:29:48.080>
and <05:29:49.080>I <05:29:49.440>my - <05:37:55.280>
in <05:37:55.440>US borrowed in US borrowed in US debt<05:37:57.798>- <05:51:29.878>
it's borrowing it's borrowing it's hard<05:51:32.200>it's <05:51:32.400> - is borrowed is borrowed money<05:29:48.080>
TX
Texas 89th Regular
Pensions, Investments & Financial Services May 5th, 2025
Pensions, Investments & Financial Services
Transcript Highlights:
- It now stands as an imposed fee to the borrower.
- And borrowers— first, we have to have the extra fee to rent the rooms.
- And I think this is a strong imposition on the part of the borrower.
- It penalizes the borrower just because they want to take equity out of their house.
- HJR 40 is an important step in allowing borrowers more flexibility.
Keywords:
private activity bonds, housing, residential rental projects, low-income, affordable housing, bond measures, funding equality, political subdivisions, public communications, election fairness, debt collection, consumer rights, disclosures, Fair Debt Collection Practices Act, settlement agreements, State Board of Education, group benefits program, health insurance, state employees, dependents eligibility
KY
Kentucky 2025 Regular Session
Capital Projects and Bond Oversight Committee (8-26-25)
Transcript Highlights:
- We receive annual each borrower.
- financial statements from each borrower financial statements from each borrower and<00:36:17.680
- capacity of each borrower every year. capacity of each borrower every year.
- certainly impact the cost of borrowing certainly impact the cost of borrowing for<00:58:35.119><
- We borrow across<00:59:23.119>
the <00:59:23.359>state <00:59:23.599>borrows <00:
Keywords:
0:00:08 Call to Order and Roll Call
0:00:38 Approval of Minutes
0:01:02 Information Items
0:02:17 Lease Rpt from Postsecondary Institutions
0:06:42 Project Rpt from Finance and Administration Cabinet
0:15:03 Lease Rpt from Finance and Administration Cabinet
0:24:00 Rpt from OFM – KY Infrastructure Authority
0:42:55 Economic Development Fund Grants
0:53:38 Rpt from OFM – New Debt Issues
1:16:33 Remaining 2025 Meeting Dates
1:16:45 Adjournment, 958, all
Summary:
The committee first handled routine business, including roll call, approval of the July minutes, and several informational reports. Those reports included a University of Kentucky restricted-fund medical equipment purchase for Chandler Hospital, debt issues for five school districts, Eastern Kentucky University’s planned model laboratory school using construction management risk delivery, a Division of Real Properties lease advertisement, Kentucky Communications Network Authority quarterly project reports, and EKU asset preservation revisions.
Members then heard and approved a new UK St. Clair Urgent Care Clinic lease in Morehead and an amendment expanding space for the UK Family and Community Medicine Clinic at Turflin Clinic. Testimony explained that both properties are privately owned, the Morehead lease predated the UK/St. Clair arrangement, and the Turflin Clinic is tight on space. The committee also approved three new projects and an appropriation increase: two Department of Military Affairs projects, a Window Ford Training Center underground electric project and a Williamsburg Readiness Center interior repair project, a Fish and Wildlife property acquisition adjoining Veterans Memorial Wildlife Management Area, and an $8.113 million increase for the Department of Revenue integrated tax system (DORIS). The DORIS increase was described as needed for change orders tied to legislation and to complete the unified tax system.
The committee next reviewed no-action items, including a $3 million emergency flood-damage repair project for the Bush Building and Vest-Lindsay House in Frankfort, and three pool projects over $1 million: a Kentucky Correctional Institute for Women window replacement phase 2 project, a Department of Criminal Justice Training interior refurbishment at Thompson Hall, and the Muddy Gut Branch stream mitigation project in Johnson County. The flood project was confirmed to be fully reimbursed by insurance proceeds.
Finally, the Kentucky Infrastructure Authority presented six loans and nine grants. Action items included water and sewer financing for Cumberland County, Lebanon, Northern Kentucky Water District, Lewisport, and Providence, plus a major Taylor Mill treatment plant project and several cleaner water grants and reallocations. Members asked about loan rates, local rate increases needed to repay debt, and the Providence emergency water interconnect; staff explained that Lewisport had begun a rate increase process, and that the Providence project would connect Webster County Water District and the city of Providence to stabilize pressure after a systemwide failure. All action items were approved.
TX
Texas 89th Regular
Pensions, Investments & Financial Services Apr 14th, 2025
Pensions, Investments & Financial Services
Transcript Highlights:
- They borrowed $20,000 from their brother, so they have $20,000 to pay us.
- In banking, you know, factors borrow and they participate with banks.
- And yeah, so it's a difficult situation for borrowers.
- what's called a standstill period to provide the borrower some time to get back on track.
- So there's no due process, there's no opportunity for the borrower to actually contest it.
Bills:
HB245, HB700, HB2783, HB3526, HB3900, HB4061, HB4124, HB4166, HB4395, HB4534, HB4609, HB4641, HB4736, HB4738, HB4739, HB4945, HB5015, HJR175, HB245
Keywords:
military service, retirement, law enforcement, custodial officer, Employees Retirement System, commercial financing, brokers, registration, disclosures, finance, consumer protection, fees, deferred compensation, automatic participation, county employees, payroll deductions, retirement plans, fiscal transparency, local government, bond issuance
MN
Transcript Highlights:
- You borrow against it, and then not only does you borrowing against your asset not count as income, you
- often get tax benefits for doing that borrowing.
- stuff you buy property you borrow stuff you buy property you borrow against<01:06:24.240>
it< - <01:06:28.599>
against liquidate your asset you borrow against liquidate your asset you borrow - it and then not only does you borrowing it and then not only does you borrowing against<01:06:31.279
AZ
Transcript Highlights:
- ADP knows, ‘Hey, this person borrowed $100.
- ADP knows, ‘Hey, this person borrowed $100.
- Borrowers repeatedly use these apps.
- not and they have to keep borrowing and borrowing and borrowing, they get put in a really bad position
- Thank you. ...to keep borrowing and borrowing and borrowing, they get put in a really bad position.
Bills:
HB2118, HB2181, HB2308, HB2309, HB2402, HB2476, HB2682, HB2698, HB2875, HB2877, HB2903, HB2910
Keywords:
mobile food vendors, licensure, food safety, statewide regulations, health standards, zoning, temporary vendors, HB2181, death certificate, death certificates, vital records, funeral establishment, funeral home, human remains, medical certification of death, death registration, state registrar, local registrar, county medical examiner, alternate medical examiner
Summary:
The House Commerce Committee heard and advanced several bills. HB 2181, as amended, would extend the deadline for funeral establishments to submit death certificates from 7 days to a maximum of 14 days and clarify that a provider’s medical certification period excludes weekends and holidays. The sponsor and a mortuary owner testified that the current timeline is often difficult to meet because of weekends, holidays, doctor availability, county delays, and family circumstances. Several members said the bill did not fully address the underlying compliance problems, but the committee adopted the amendment and passed the bill 6-4-1.
HB 2682 would create a DES rental assistance program offering up to two months or $5,000 in aid, with a $5 million general fund appropriation for administration. The sponsor and a tenant advocate described the bill as a short-term bridge to prevent eviction and homelessness, while an industry representative said rental assistance is an effective early intervention tool. Some members raised concerns about limiting eligibility to households with children and about program administration, but the bill passed 7-4. HB 2698 would create a rental assistance study committee to evaluate program effectiveness and repeal in 2028; it passed on a 7-4 vote.
HB 2476 would revise CPA certification and reciprocity requirements, creating multiple pathways to licensure and updating related rules and fees. Supporters said it would help address a CPA shortage and align Arizona with other states; after clarification from the sponsor and the State Board of Accountancy, the committee passed it unanimously, 11-0. The committee then heard HB 2308, which would bar dental insurers and certain holding companies from owning dental practices; the Arizona Dental Association supported it as a safeguard against vertical integration, while Delta Dental opposed it as overbroad and burdensome. The bill passed 8-0-3. Finally, the committee began hearing HB 2118 on mobile food vendors and local permitting, with the sponsor and food truck operators arguing for streamlined county/state licensing and reduced local duplication, while a vendor representative warned the proposal could affect existing local ordinances and private-property vendors.
US
US Federal 2025-2026 Regular Session
US House Floor Proceedings (Tuesday, May 6, 2025)
US Federal House Floor Meeting
Transcript Highlights:
- We borrow about $72,000 per second.
- We borrow about $72,000 per second.
- So just be prepared for borrowing.
- the entire economy that year borrowed the entire economy that year borrowed money.<05:21:13.120>
- , all that money's already been borrowed, all that money's already been borrowed, we<05:22:18.638
TX
Texas 89th 2nd C.S.
Pensions, Investments & Financial Services May 5th, 2025
Pensions, Investments & Financial Services
Transcript Highlights:
- This allows borrowers to have more flexibility in where and when.
- They want the work themselves, and borrowers are paying the price.
- And, uh, and, and, and I think this is a strong imposition on the part of the borrower.
- It penalizes the borrower just because they want to take equity out of their house.
- Um, HAR 40 is an important step in allowing borrowers more flexibility in closing a home equity loan.
Bills:
HJR40
NH
WY
Transcript Highlights:
- onto the plan, there was insufficient funding from the premiums that they would pay, that EGI could borrow
- through 47, and then on to page 8, line 4, there is a provision in the introduced version to allow borrowing
- onto the plan, there was insufficient funding from the premiums that they would pay, that EGI could borrow
- 16:41.120>
LSR <00:16:42.320>and <00:16:42.560>in <00:16:42.880>the to borrow - from the LSR and in the to borrow from the LSR and in the instance<00:16:43.360>
that <00:16:43.920
Bills:
HB0150
Keywords:
Wyoming business council, economic development, task force, evaluation, policy reform, 916, all
US
US Federal 2025-2026 Regular Session
Business meeting to consider an original resolution authorizing expenditures by the committee during the 119th Congress; to be immediately followed by a hearing to examine eliminating waste by the foreign aid bureaucracy. Feb 13th, 2025 at 09:00 am
Homeland Security and Governmental Affairs Committee
Transcript Highlights:
- We're borrowing the money.
- We need to ask a simple question, why are we borrowing money to send money overseas?
- I'll go to the bank, and I'll borrow $1,000 to give to this person. That's what we are doing.
- We can't pay for our own, and we are borrowing the money we send overseas. That money could be.
- We're being forced to borrow another 9 1.9 trillion dollars to make up for it.
Keywords:
fiscal responsibility, government waste, foreign aid, funding resolution, legislative oversight
Summary:
The committee meeting addressed government spending and foreign aid, with a particular emphasis on perceived wasteful expenditures. A significant portion of the meeting was dedicated to discussing a funding resolution for the committee, which received unanimous support from the members present. The chair noted a quorum at the beginning of the meeting, signaling that the committee was ready to conduct its business. Discussions highlighted ongoing debates concerning fiscal responsibility and the necessity of legislative oversight, notably regarding foreign aid allocations and their implications for domestic fiscal health.
AL
Alabama 2025 Regular Session
Alabama House Ways and Means General Fund Committee Mar 5th, 2025
Ways and Means General Fund
Transcript Highlights:
- This does not require a specific timeframe but it gives the flexibility to be able to go and borrow.
- the AA to be able to go and borrow additional funds to finish the construction on this project.
- There's no danger as far as our borrowing authority or anything of that nature. borrowing authority or
- I hate to have to go to borrow money with the state, and as a... and as a...
- What you're asking for is an increase of potential borrowings from the 785 to the 1.25 billion.
Keywords:
elections, post-election audit, election audit, risk-limiting audit, ballot audit, election integrity, voter confidence, Secretary of State, judge of probate, canvassing board, poll watchers, ballot containers, manual tally, recount, county election, statewide election, general election, absentee ballots, provisional ballots, election transparency