Transcript Highlights:

• But here's the beautiful thing: the money goes from their fancy brokerage account into a company who
• The money goes from their fancy brokerage account into a company who then hires people.
• And that's past, then your window that's left is a few weeks.
• It was just chosen that a six-month window, we would...
• window to provide this existing contracts relief.

Summary: House Finance heard bill briefings and testimony on several tax and property-tax measures. HB 2175 would exempt licensed nonprofit providers of free durable medical equipment from retail sales and use tax on items reasonably necessary to operate and provide care; the sponsor and a nonprofit provider described how the bill would help organizations that refurbish and donate wheelchairs, beds, walkers, and similar equipment, and staff noted a small Department of Revenue fiscal impact. The committee then heard HB 2608, which revises the targeted urban area property tax exemption for nuclear facility projects by requiring labor standards, including submission of a workforce or project labor agreement and related wage/apprenticeship information, and extending project-completion deadlines. Supporters said it would help attract major clean-energy and nuclear supply-chain investment and jobs, while opponents from construction groups, environmental advocates, and some public commenters objected to the PLA requirement, the tax preference for nuclear projects, and the broader policy direction; tribal consultation concerns were also raised. No votes were taken on these bills in the transcript. The committee also heard HB 2227, which expands an existing REET exemption for affordable homeownership sales from self-help housing to other nonprofit affordable homeownership programs, including community land trusts. The sponsor and nonprofit witnesses said the change would lower transaction costs, improve affordability, and support permanently affordable resale models; staff clarified the exemption applies to the initial sale from the nonprofit to an income-qualified buyer, not later resales. HB 2528 would allow cities and counties that fully plan under the Growth Management Act to impose the second local REET without voter approval, aligning opt-in jurisdictions with those required to plan under GMA. Supporters from cities and counties said the revenue would help fund sidewalks, ADA upgrades, water, sewer, and other infrastructure, while opponents argued it would raise home-selling costs and bypass voters. Finally, the committee heard HB 2292, which would subject long-term capital gains from qualified small business stock to the state capital gains tax beginning in 2026. Staff said the bill would affect about 260 taxpayers and raise roughly $1.2 million in FY 2027, while the sponsor and supporters argued the current QSBS exemption mainly benefits very wealthy investors and should be treated like other capital gains; opponents from the tech and startup community said the exemption helps founders attract investment, keep companies in Washington, and create jobs, and warned the bill would send a negative signal to entrepreneurs. The committee also heard HB 2257, a Department of Revenue request bill making technical and administrative changes to the tax code, largely to codify guidance from last year’s sales-tax-on-services law and make other clarifications; DOR said it was intended to provide certainty and had no fiscal impact. School groups testified that the 5814-related service-tax changes have increased costs for districts, especially for staffing and professional learning, and asked for relief or a broader exemption.

Transcript Highlights:

• And I think one example, you look out the window here and see the new State House that we're only months
• And I think one example, you look out the window here and see the new State House that we're only months
• And I think one example, you look out the window here and see the new State House that we're only months
• </c><00:25:21.840><c> look</c><00:25:22.000><c> out</c><00:25:22.080><c> the</c><00:25:22.240><c> window
• </c> one example, you look out the window one example, you look out the window here<00:25:22.480><c>

Bills: SB146 , SB143 , SB144 , SB145 , HB224 , SB152 , SB153 , SB154 , SB162 , SB226 , SB146 , SB143 , SB144 , SB145 , HB224 , SB152 , SB153 , SB154 , SB162 , SB226

Committee: House Ways and Means General Fund

Keywords: supplemental appropriation, FY2025 budget, general fund, Alabama State Board of Public Accountancy, Unified Judicial System, court automation, advanced technology and data exchange, judiciary funding, transportation debt service, highway bonds, bridge bonds, Alabama Department of Transportation, ALDOT, public highways, federal matching funds, state appropriations, bond principal and interest, special funds, budget amendment, SB143

Transcript Highlights:

• But here's the beautiful thing: the money goes from their fancy brokerage account into a company who
• The money goes from their fancy brokerage account into a company who then hires people.
• Stephen, I'm a little confused or maybe concerned about the six-month window that you have created or
• Then your window that's left is a few weeks.
• It was just chosen that a six-month window, we would provide a six-month window to provide this existing

Bills: HB2175 , HB2227 , HB2528 , HB2292 , HB2257 , HB2608

Committee: House Finance

Keywords: durable medical equipment, sales tax exemption, healthcare accessibility, cost reduction, nonprofit providers, affordable housing, real estate tax, exemption, housing policy, tax incentives, real estate excise tax, REET, growth management act, GMA, local government finance, capital facilities plan, comprehensive plan, county tax, city tax, voter approval

Transcript Highlights:

• You know, you in your brokerage account.
• </c> transactions and a 90-day refund window transactions and a 90-day refund window for<01:27:05.840
• </c> refund window is so important. refund window is so important.
• </c> daily limit and the $90 refund window. daily limit and the $90 refund window.
• </c><01:58:54.639><c> in</c> fraud, but it would give us a window in fraud, but it would give us a window

Committee: Senate Commerce

Transcript Highlights:

• And the last thing was the brokerage agreement. It was a grain broker.
• And the last thing was the brokerage agreement. It was a grain broker.
• And the last thing was the brokerage agreement. It was a grain broker.
• And the last thing was the brokerage agreement. It was a grain broker.
• And the last thing was the brokerage agreement. It was a grain broker.

Committee: Joint Agriculture

Transcript Highlights:

• It also authorizes KDC to offer SBDA to participate in self-directed brokerage accounts, a brokerage
• </c> participate self-directed brokerage participate self-directed brokerage accounts<00:27:20.000><c
• ><c> of</c> accounts uh a brokerage account of accounts uh a brokerage account of record<00:27:21.960
• And then the final one is the self-directed brokerage account.
• And then the final one is the self-directed brokerage account.

Summary: The Senate Standing Committee on State and Local Government heard testimony on Senate Bill 10, which would revise CERS retiree health subsidies for members who began participating on or before July 1, 2003. Senator Mills said the bill was developed with employee and employer groups to improve retiree health benefits while protecting the system’s financial footing, using a shared-cost structure. Testimony from sheriffs, police chiefs, firefighters, and the League of Cities strongly supported the bill, emphasizing recruitment and retention, affordability of retiree health coverage, and limited taxpayer risk. Members echoed those points, and the committee approved SB 10 with a 9-0 favorable recommendation. The committee then took up Senate Bill 65, sponsored by Senator West, which would codify the Administrative Regulations Committee’s annual practice of placing certain deficient regulations into statute so they cannot take effect. West explained that the committee’s role is limited to finding regulations deficient or asking for deferral, and that SB 65 is the fifth version of this measure. He described the specific regulation at issue as a Medicaid Services rule that would have required behavioral health associates to hold a master’s degree; providers testified that it would reduce the workforce and harm behavioral health services statewide. West said the committee had deferred the matter eight times before deciding to side with providers. The bill received favorable expression and was reported out. Finally, the committee heard Senate Bill 104, sponsored by Senator Madon, concerning Kentucky Deferred Comp for state employees. The bill would establish a codified fiduciary standard, authorize fiduciary liability insurance, add self-correcting mechanisms to keep the plan in compliance with federal law, and allow self-directed brokerage accounts. Personnel Cabinet representatives said the changes would align the plan with other public pension plans, reduce risk, and offer participants a useful investment option with strong account growth among users. SB 104 also received favorable expression and was reported to the floor. The committee then adjourned.

Transcript Highlights:

• And I can say that I have not seen them utilize a brokerage system yet.
• They actually have more flexibility to utilize a brokerage system.
• They actually have more flexibility to utilize a brokerage system. Follow up?
• It's not unusual to use brokerage firms, and we do it in real estate and other areas of business.
• But the difference is that when we use a brokerage firm in real estate, there's a set cap on what a brokerage

Committee: Senate State Affairs

Transcript Highlights:

• possible by an increase in revenue estimates of $42 billion, and it's in what we call the budget window
• And the budget window is actually closing last fiscal year, the current year, and the next year, which
• possible by an increase in revenue estimates of $42 billion, and it's in what we call the budget window
• And the budget window is actually closing last fiscal year, the current year, and the next year, which
• So we're looking at $21.7 billion more over the budget window.

Committee: Senate Budget and Fiscal Review

Transcript Highlights:

• All the other ones—bankers, brokerage, accountants—are like $75,000 or more.
• All the other ones—bankers, brokerage, accountants—are like $75,000 or more.
• All the other ones—bankers, brokerage, accountants—are like $75,000 or more.
• All the other ones—bankers, brokerage, accountants—are like $75,000 or more.
• </c><01:09:50.719><c> charges</c> or so million a year brokerage charges or so million a year brokerage

Committee: House Taxes

Transcript Highlights:

• possible by an increase in revenue estimates of $42 billion, and it's in what we call the budget window
• And the budget window is actually closing last fiscal year, the current year, and the next year, which
• We're looking at $21.7 billion more over the budget window.
• They're borrowing from their brokerages to buy stocks.
• They're borrowing from their brokerages to buy stocks, and it's the sign of excessive aggressiveness

Summary: The Senate Budget and Fiscal Review Committee heard opening remarks on the Governor’s 2026-27 budget, which the chair described as roughly balanced in the budget year but still facing large out-year structural deficits. The vice chair criticized the revenue assumptions as overly optimistic and stressed the need to review recent program expansions and address the state’s $20 billion federal unemployment insurance debt. The Department of Finance said the budget is a “workload” plan with about $350 billion in total spending, $23 billion in reserves, a projected $2.9 billion budget-year deficit, and out-year gaps above $20 billion, while the LAO warned of downside revenue risk tied to stock market volatility and urged earlier action on the structural deficit rather than waiting for May. Finance and the LAO discussed major budget components, including Proposition 98 funding, higher education base increases for UC and CSU, climate and wildfire spending, a new ZEV incentive, child care COLAs, and tax proposals involving marketplace facilitators, renewable aviation fuel, and an extension of the California Competes tax credit. Members raised concerns about proposed Medi-Cal and CalFresh changes tied to federal HR1 impacts, the MCO tax extension, hospital finances, county costs, and the decision not to backfill all federal funding losses. Finance said the administration is not in a position to replace all lost federal funds, but wants to work with the Legislature on priorities and timing before the May Revision. Several senators used the hearing to preview subcommittee priorities and request more detail on spending growth, reserves, and program cuts. Topics included homelessness funding, Care Court throughput, wildfire and climate investments, AB 617, data centers, the judicial branch’s facilities backlog, displaced workers, transit funding, and preparations for the 2028 Olympics and Paralympics. No budget action or vote was taken at this hearing; the committee mainly received presentations and member questions, with public comment scheduled later.

Transcript Highlights:

• possible by an increase in revenue estimates of $42 billion, and it's in what we call the budget window
• And the budget window is actually closing last fiscal year, the current year, and the next year, which
• And so we're looking at $21.7 billion more over the budget window.
• investment strategy where they're borrowing—this is called margin debt—they're borrowing from their brokerages
• They're borrowing from their brokerages to buy stocks, and it's a sign of excessive aggressiveness in

Committee: Senate Budget and Fiscal Review

Summary: The Senate Budget and Fiscal Review Committee heard opening remarks on the Governor’s 2026-27 budget and presentations from the Department of Finance and the Legislative Analyst’s Office. Chair Laird described the proposal as roughly balanced with $23 billion in reserves, while Vice Chair Niello argued the revenue estimates were overly optimistic and warned of a structural deficit, calling for a deeper review of programs and concern over the state’s $20 billion unemployment insurance debt. Finance said the budget is balanced in the budget year but still leaves a roughly $2.9 billion deficit, with out-year gaps above $20 billion, and characterized the plan as largely a workload budget with limited new spending or cuts. The LAO said its office sees substantial downside risk to the revenue forecast, emphasized the volatility of stock-market-driven revenues, and urged the Legislature to begin addressing the structural deficit now rather than waiting until May. Members focused on the implications of federal policy changes, Medi-Cal, CalFresh, and the MCO tax, as well as the state’s reserve strategy. Senators Menjivar and Richardson raised concerns about health coverage reductions, county costs, hospital finances, and the lack of a broader revenue solution, while Finance said the state cannot fully backfill federal cuts and is still assessing the impacts. The LAO recommended rejecting the proposal to suspend the rainy day fund deposit and setting aside the proposed Proposition 98 settle-up rather than using it for spending. Finance defended both proposals as necessary to balance the budget year and said it plans to begin discussions with legislative leaders before the May Revision. The committee also discussed climate and transportation funding, including cap-and-trade/GGRF allocations for Cal Fire, interest earnings from the fund, zero-emission vehicle incentives, and AB 617 air quality investments. Senator Reyes questioned the focus on light-duty ZEV incentives instead of heavy-duty vehicles, and Finance said the proposal is intended to partially replace the federal consumer tax credit and that some heavy-duty funding remains from prior years. Senator Richardson also raised concerns about Olympics-related infrastructure, courthouse repairs, and displaced workers, while other members stressed homelessness funding and the need for more immediate action on out-year budget problems. No formal votes or actions were taken during the portion provided; the hearing was informational and moved into member questions after the presentations.

Transcript Highlights:

• Basically, on the theory that if you have a brokerage account and you have a beneficiary designation
• </c><00:35:32.000><c> account</c><00:35:32.359><c> that</c> for example, a brokerage account that for
• example, a brokerage account that has<00:35:33.000><c> a</c><00:35:33.480><c> beneficiary</c><00:35:
• account and you if you have a brokerage account and you have<00:36:01.960><c> a</c><00:36:02.000><c>
• accounts that are jointly held brokerage accounts that are jointly held by<00:36:27.440><c> the</c><

Committee: House Judiciary

Transcript Highlights:

• Data brokerage can present serious risk to the exercise of constitutional rights, including making the
• Data brokerage can present serious risk to the exercise of constitutional rights, including making the
• ...do we do with a little bit of this window of time that we have that, you know, we're not quite facing
• America Initiative was launched by the National Science Foundation and a really quick grant opportunity window
• America Initiative was launched by the National Science Foundation and a really quick grant opportunity window

Summary: The committee held a series of informational briefings on information management and technology issues. It first heard from ACLU representatives on data privacy, who argued that Oregon should strengthen protections against private data brokers, government purchases of personal data, reverse warrants, automatic license plate readers, and local police surveillance. They urged data minimization, limits on data sales and retention, and broader transparency and accountability measures. Members asked about practical uses of license plate readers, state sales of data, and how Oregon’s approach compares with other states; the presenters said similar proposals have been adopted elsewhere, including data minimization in Maryland and a state version of the Fourth Amendment Is Not for Sale Act in Montana. The committee then received a detailed update from the Department of Administrative Services and Enterprise Information Services on licensing system modernization for 14 boards and commissions with the most immediate need. DAS said it is seeking a shared procurement approach through an RFP that would create either one scalable system or two tiers of systems, depending on agency needs and security requirements, with contracts expected by September. Committee members emphasized the need for a more unified, user-friendly statewide login and service experience for businesses and residents, and raised concerns about small agencies “figuring it out on their own” without sufficient cybersecurity or technical expertise. EIS said it is overseeing the investment review, security and architecture review, and future implementation planning, and noted that multiple agency requests may still come back to the legislature in the next session. The committee also discussed a revised cybersecurity incident notification concept. Staff explained that the earlier bill had raised stakeholder concerns, so the co-chairs directed further interim work with the Oregon Cybersecurity Advisory Council and other local government and K-12 stakeholders. The goal is a narrower, voluntary “911-style” notification process that would let public bodies alert peers and potentially receive assistance after cyber incidents; a temporary voluntary process is being tested now, with a work group developing language for possible 2027 consideration. Finally, the committee heard updates from the new state chief data officer on data governance, data sharing, geospatial work, and the state transparency website, followed by a briefing on data centers from NCSL and the Technology Association of Oregon. The data officer described efforts to expand data inventories, data governance plans, data literacy, and interagency sharing, along with statewide aerial imagery, geospatial standards, and the open data portal. The data center discussion focused on national and state trends, including rapid growth in data centers, rising electricity and water demand, and legislative responses such as new rate classes, reporting requirements, and cost-allocation rules to protect ratepayers. No votes were taken; the meeting was informational only.

Transcript Highlights:

• , and then in the bank that the brokerage did business with, and then a larger bank that financed that
• The brokerage firm got too involved in very risky business practices.
• Uniform Commercial Code, except it did not allow rehypothecation, which was a fancy term for the brokerage
• , and then in the bank that the brokerage did business with, and then a larger bank that finance that
• The brokerage firm got too involved in very risky business practices. they had their own internal corporate

Transcript Highlights:

• that 14 days is too far on in the refund policy and I would urge the committees to consider a 5-day window
• It simply extends the response window from 10 days to 30 days.
• </c> &gt;&gt; My brokerage is in the heart of Keen. &gt;&gt; My brokerage is in the heart of Keen.
• So really, you only have a two-day window realistically.
• </c> only you only have a two-day window only you only have a two-day window realistically.<01:40:00.080

Committee: Senate Commerce

Transcript Highlights:

• . brokerage. brokerage.
• </c><01:19:57.000><c> Um</c><01:19:57.680><c> there's</c> and customs brokerage.
• Um there's and customs brokerage.
• We are hiring folks into our customs brokerage team.
• </c> folks into our customs brokerage team. folks into our customs brokerage team.

Summary: The task force met on October 14, confirmed a quorum, and adopted the September 16, 2025 minutes. Members then received a Kentucky Air National Guard 101 briefing from Brigadier General Bruce Bancroft, commander of the Kentucky Air National Guard, who described the Guard’s structure, missions, and statewide role. He emphasized that Kentucky is a single-wing state centered at Louisville’s 123rd Airlift Wing and highlighted several unique capabilities, including the Contingency Response Group, critical care air transport teams, medical detachment for chemical environments, explosive ordnance disposal, fatality search and recovery, and special tactics personnel. General Bancroft also discussed staffing and readiness, saying the Guard has 1,273 authorized positions, with a mix of AGR, Title 32, and Title 5 personnel. He noted that AGR positions are funded at about 96 percent, while technician positions are funded at about 53 percent, leaving the organization to operate at roughly 75 percent of authorized manpower overall. He said the wing converted from the C-130H to the C-130J in 2021 and completed the transition in about 2.5 years, ahead of the original three-year timeline. The briefing further covered the Guard’s operational tempo and community role. Bancroft said the unit has earned 21 Air Force Outstanding Unit Awards, has deployed about 500,000 days since 9/11 across 45 countries, and routinely supports federal and domestic missions. He described the C-130J’s tactical airlift, airdrop, and blacked-out operations as directly useful for disaster response in Kentucky, and he pointed to strong ties with UPS and other aviation employers. No votes or formal actions were taken beyond approval of the prior minutes.

Transcript Highlights:

• House Bill 3549 helps protect the personal property rights of Oklahomans by ensuring that when a brokerage

Bills: HB1453 , HB2933 , HB2941 , HB2945 , HB2959 , HB3087 , HB3094 , HB3297 , HB3298 , HB3319 , HB3321 , HB3386 , HB3453 , HB3471 , HB3505 , HB3510 , HB3544 , HB3549 , HB3652 , HB3727 , HB3791 , HB3845 , HB3906 , HB4119 , HB4125 , HB4126 , HB4198 , HB4236 , HB4425 , HB4343 , HB4094 , HB3407

Committee: House Civil Judiciary

Keywords: foreign ownership, property rights, agricultural land, Attorney General, divestment, real estate, felony penalties, insurance regulation, homeowner claims, premium discounts, catastrophe mitigation, civil penalties, fentanyl, overdose, first responders, drug reporting, immunity, controlled substances, penalties, abortion

Transcript Highlights:

• months to put into law that we will continue in Oklahoma to not require a broker to enter into a brokerage
• reaction to a national settlement that would have forced Oklahoma into having customers enter into a brokerage
• where we have actually redrafted this as new law, simply saying that you do not have to enter a brokerage

Bills: SB1732 , SB1217 , SB1443 , SB1455 , SB1457 , SB1459 , SB1465 , SB1944 , SB1946 , SB1218 , SB1942 , SB1352 , SB2132 , SB1920 , SB1285 , SB1304 , SB1305 , SB1326 , SB1590 , SB1767

Committee: Senate Business and Insurance

Keywords: professional licensing, licensing fees, home inspection, home inspector, Construction Industries Board, CIB, contractor license, journeyman license, apprentice registration, alarm endorsement, code inspector, electrical license, plumbing license, mechanical license, permit fees, renewal fee, reciprocity, poultry house contractor, poultry house wiring, environmentally controlled poultry house

Bills: SB2026 , SB1376 , SB1355 , SB2115 , SB1533 , SB1732 , SB1217 , SB1443 , SB1455 , SB1457 , SB1459 , SB1465 , SB1944 , SB1946 , SB1218 , SB1942 , SB1352 , SB2132 , SB1920 , SB1285 , SB1304 , SB1305 , SB1326 , SB1590 , SB1767

Keywords: military discharge, veterans, DD Form 214, confidentiality, grandchildren access, Oklahoma National Guard, education assistance, military benefits, dependents, CareerTech Assistance Act, burial grant, memorial headstone, eligibility requirements, funding, Oklahoma Department of Veterans Affairs, fiscal management, state law, veteran burial, burial assistance, indigent veterans

Transcript Highlights:

• months to put into law that we will continue in Oklahoma to not require a broker to enter into a brokerage
• Not require a broker to enter into a brokerage agreement with a buyer prior to showing any real estate
• reaction to a national settlement that would have forced Oklahoma into having customers enter into a brokerage
• where we have actually redrafted this as new law, simply saying that you do not have to enter a brokerage

Bills: SB1732 , SB1217 , SB1443 , SB1455 , SB1457 , SB1459 , SB1465 , SB1944 , SB1946 , SB1218 , SB1942 , SB1352 , SB2132 , SB1920 , SB1285 , SB1304 , SB1305 , SB1326 , SB1590 , SB1767

Committee: Senate Business and Insurance

Summary: The Business and Insurance Committee considered a long agenda of Senate bills covering real estate, construction licensing, insurance, alcohol regulation, medical marijuana, and other business matters. Among the measures discussed were SB 1732, which preserves Oklahoma’s current rule that brokers are not required to enter into a buyer brokerage agreement before showing real estate; SB 1443, which codifies payment rules for anesthesia services and physical status modifiers; and several sunset-extension bills for boards and agencies including the architects and interior designers board, the Construction Industries Board, the Abstractors Board, and the engineering and surveying board. The committee also heard bills on workers’ compensation, dental insurance billing practices, salvage title thresholds, energy standards for state-funded buildings, self-storage lien modernization, and medical marijuana training and licensing issues. Testimony and debate focused heavily on consumer costs, market competition, and regulatory clarity. Supporters of the dental bill (SB 1942) argued it would keep insurers from setting prices for non-covered services and allow patients and providers to negotiate directly, while opponents warned it could raise costs for consumers; the bill passed 8-2. Similar free-market arguments were made for the real estate, anesthesia, and alcohol-related bills, while consumer protection concerns were raised on the self-storage and dental measures. SB 1590, which would expand a fortified-roof grant program to commercial buildings, drew discussion about funding and the state’s role in helping reduce insurance costs. SB 1767 sought stronger enforcement against out-of-state spirit shipping, with concerns noted about lost tax revenue and age verification. Most bills received committee approval, often unanimously or by wide margins, including SB 1732, SB 1217, SB 1443, SB 1455, SB 1457, SB 1459, SB 1466, SB 1944, SB 1946, SB 1352, SB 2132, SB 1920, SB 1285, SB 1304, SB 1305, SB 1326, SB 1590, and SB 1767. Several bills were amended in committee, often to update sunset dates or clarify language, and title-striking motions were adopted on some measures that were still being worked on. The meeting ended with the chair noting that 20 bills had been handled and the committee adjourned.