Video & Transcript Research : 'currency adjustment'

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FL

Florida 2026 Regular Session

Banking and Insurance Jan 28th, 2026

Banking and Insurance

Transcript Highlights:
  • Next, we'll take up tab 1, Senate Bill 198 on virtual currency kiosk by Senator Rousan.
  • clarifies the daily transaction limit applies whether the transactions are through one or more virtual currency
  • Without adjustments, the program cannot meet the rising cost of the care that medically complex individuals
Summary: The Committee on Banking and Insurance met with a quorum present and took up a series of bills, beginning with SB 1286 by Senator Wright. That bill expands the law enforcement recruitment bonus program to include firefighters, creates a DFS grant review panel for fire-related grants, and establishes an institute for PTSD and first-responder behavioral health. Testimony from fire chiefs and others supported the measure, and the committee reported it favorably. The committee then considered several insurance and financial regulation bills. CS/SB 198 by Senator Rousan, as amended, regulates virtual currency kiosks with transaction limits, notice and receipt requirements, and OFR enforcement authority; witnesses described it as a needed anti-fraud measure, especially for seniors, and it was reported favorably. CS/SB 772 by Senator Burgess, as amended, allows limited licenses for portable electronics and eyewear insurance, and CS/SB 1504 by Senator Claudio, as amended, creates a pathway for high school students to qualify for insurance customer representative licensure; both were reported favorably. The committee also approved two cryptocurrency reserve bills by Senator Gruters: CS/SB 1038 creates the Florida Strategic Cryptocurrency Reserve framework, and CS/SB 1040 creates the related trust fund; both received technical amendments and favorable reports. CS/SB 1440 by Senator Martin, as amended, creates public records exemptions and cybersecurity reporting provisions for financial institutions and related entities, and it was reported favorably. Finally, SB 1668 by Senator Burton, which updates the NICA program’s funding and benefit structure, and CS/SB 570 by Senator Polsky, which creates a task force on payment scams, were both heard with supportive testimony and reported favorably. Senators later recorded additional affirmative votes on selected bills before the committee adjourned.
TX

Texas 89th Regular

Pensions, Investments & Financial Services Apr 23rd, 2025

Pensions, Investments & Financial Services

TX

Texas 89th Regular

Pensions, Investments & Financial Services Apr 23rd, 2025

Pensions, Investments & Financial Services

Transcript Highlights:
  • Since 2001, no benefit adjustment.
  • employees... ...with the Teacher's Retirement System received both a significant cost of living adjustment
  • In 2003, the Texas Legislature adjusted the blended rate structure associated with credit provided by
  • Here, we're just adjusting the rate.
  • But if other states are doing similar types of adjustments, would you not agree that it's really what
LA

Louisiana 2026 Regular Session

Ways and Means Mar 16th, 2026

Ways & Means

Transcript Highlights:
  • So, as of right now, because the last time we adjusted this cap was in 2008 or 2009, I'm sorry, parishes
  • We made a lot of adjustments to our sales and income tax the last couple of years.
  • And as we've done so, we found that we just need to adjust some of the statutes to fit the bigger picture
  • We made a lot of adjustments to our sales and income tax the last couple of years.
  • And as we've done so, we found that we just need to adjust some of the statutes to fit the bigger picture
Bills: HB156, HB474, HB602, HB633, HB852
TX

Texas 89th Regular

State Affairs May 19th, 2025

State Affairs

Bills: HB46, HB272
Summary: The Senate Committee on State Affairs heard several House bills and took no final votes, leaving each bill pending after testimony. HB 272 would align venue and evidentiary rules for fraudulent use or possession of credit/debit card information with existing credit card abuse law; the sponsor said it would improve prosecutions, and the Texas Financial Crimes Intelligence Center supported it. HB 1661 would increase penalties for certain election-related offenses, including failure to distribute election supplies and early release of election results; no substantive opposition was heard. HB 551 would protect the residential addresses of people who receive campaign expenditures on public Texas Ethics Commission reports, similar to donor privacy protections, and a witness from Texas Eagle Forum later indicated support for the privacy change. The committee also heard HB 2820, which would raise the amount charitable bingo organizations may keep in operating capital from $50,000 to $100,000. The sponsor and a Texans for Charitable Bingo representative said inflation and operating costs have made the current cap too low and that the bill would help charities maintain stable operations without expanding gaming. HB 3181 would impose stronger consequences for repeated denial of court-ordered child possession and access, including limiting probation and requiring attorney’s fees after multiple contempt findings; a family court judge and a parent testified in support, while another witness argued the bill should be paired with stronger criminal enforcement and that parents already face high costs. HB 4157 would update Texas law for commercial spaceflight by recognizing liability waivers and preserving workers’ compensation rights; no one testified against it. The committee also heard HB 4145, which would let health care providers satisfy a timely billing requirement by sending bills to a patient’s legal representative in a personal injury case, closing what supporters described as a loophole in letter-of-protection situations. Finally, HB 46, relating to the Texas Compassionate Use Program, drew the most extensive discussion: supporters said it should expand access for legitimate medical cannabis patients and add more delivery methods and conditions, while opponents warned against broader marijuana expansion and questioned adding chronic pain and other conditions. The sponsor said he still supports the program and wants a balanced, regulated expansion, but noted the bill is still being worked on. All bills were left pending at the close of the hearing.
MN

Minnesota 2025-2026 Regular Session

House Education Finance Committee 3/4/25

Education Finance

Transcript Highlights:
  • It's a technical corrections aid and levy adjustment that will be placed on the General Register.
  • House File 921 is a technical corrections aid and levy adjustment that will be placed on the General
  • students an opportunity to make enrollment changes that we would have already staffed for, but we can't adjust
  • students an opportunity to make enrollment changes that we would have already staffed for, but we can't adjust
  • the college opportunities, and if it isn't working for any student, we have options to be able to adjust
Bills: HF984, HF921, HF922
LA

Louisiana 2026 Regular Session

Commerce May 11th, 2026

Commerce

Transcript Highlights:
  • Members, we have a virtual currency regulatory environment in Louisiana where companies that operate
  • Well, I think you may be on to my next bill, actually, with the virtual currency kiosks.
  • They're both virtual currency. Yeah.
  • This is really just the licensing of virtual currency business. All right.
  • There were a lot of people with virtual currency who didn't want to see state regulation.
TX

Texas 89th Regular

State Affairs Mar 26th, 2025

State Affairs

Transcript Highlights:
  • Are they going to adjust the amount that I'm getting?
  • First in terms of actually authorizing a state-issued currency.
  • Currency, which was circulating, and was prosecuted criminally.
  • In 1791, gold was $19.935 per ounce. $18.34 was adjusted to $20.67.
  • Coins are coins, and currency is different than coins.
TX

Texas 89th Regular

State Affairs Mar 26th, 2025

State Affairs

Transcript Highlights:
  • You need to have the ability to make adjustments for what a local neighborhood may or may not need.
  • standard, especially when you have units of power attached to tractor trailers. ...that aren't adjustable
  • It's not something they can control, and it's not something that they can consistently adjust so that
  • Minor clarifying language and adjustments have also been made throughout based on stakeholder feedback
TX

Texas 89th Regular

Pensions, Investments & Financial Services Mar 24th, 2025

Pensions, Investments & Financial Services

Transcript Highlights:
  • digital asset exchanges, particularly through currency kiosks.
  • Since virtual currency kiosk operators sell their own virtual currency, it results in a doubling of a
  • loss for any virtual currency kiosk operator.
  • It's like a currency exchange booth.
  • You are either purchasing virtual currency, whether that's Bitcoin or another virtual currency, or we
TX
Transcript Highlights:
  • This bill seeks to clarify in statutes when school districts adjust a common boundary.
  • This process is called a minor boundary adjustment, which can only be used...
  • When they made that move, A minor boundary adjustment, some of that land, even though it was minor and
  • So it's very minor adjustments. Very good. Thank you, Senator Nichols.
  • So by clarifying the Texas Education Code's minor boundary adjustment wording to specify that contracts
MN

Minnesota 2025-2026 Regular Session

House Human Services Finance and Policy Committee 3/12/26

Human Services Finance and Policy

Transcript Highlights:
  • It requires a cost-of-living adjustment to be built into the Waiver Reimagine Phase 2 methodology, and
  • <00:34:32.639><c> cost</c><00:34:32.879><c> of</c><00:34:33.040><c> living</c><00:34:33.280><c> adjustment
  • </c> It requires a cost of living adjustment It requires a cost of living adjustment to<00:34:33.839>
  • This bill gives families like mine the opportunity to adjust to the budget cuts without it causing catastrophic
  • We ask that the cuts not be more than 10% to allow responsible parties like myself to adjust, determine
Bills: HF3174, HF3800
FL

Florida 2026 Regular Session

Appropriations Feb 18th, 2026

Appropriations

Transcript Highlights:
  • Retirees in the special risk class will receive an alternative cost-of-living adjustment of 1.5% after
  • amendment allocates a portion of the increased contribution relating to the new cost-of-living adjustment
Summary: The committee heard presentations on the Senate’s proposed 2026-2027 budget, SPB 2500, with chairs outlining major spending in K-12 education, higher education, health and human services, criminal and civil justice, transportation/tourism/economic development, and agriculture/environment/general government. Highlights included a $115 billion overall budget, pay raises for state employees and public safety workers, major K-12 funding increases and enrollment supplements, higher education workforce and nursing investments, expanded Medicaid/KidCare and behavioral health funding, corrections and law enforcement operational funding, transportation and housing investments, and significant environmental and water quality spending. Members asked about civic education funding, declining enrollment, professor retention, APD waiver waitlists, cultural grant allocations, and other line items. Public testimony also addressed HIV/AIDS drug assistance funding and prison air conditioning. SPB 2500 was adopted as a committee bill after amendment consideration and a roll call vote. The committee then took up implementing and related budget bills, including SPB 2502 (implementing the General Appropriations Act), SPB 2504 (state employee bargaining placeholder), SB 7028 (Florida Retirement System contribution rates and related retirement changes), SPB 2506 (fuel tax distributions), SPB 2508 (state agency law enforcement radio system surcharge), SPB 2510 (termination of an unused court trust fund), SPB 2512 (new judgeships), SPB 2514 (K-12 conforming changes), SPB 2516 (higher education conforming changes), and SPB 2518 (health conforming changes). Most were explained as technical or conforming measures tied to the budget, and all were reported favorably as committee bills, with SB 7028 amended to direct a portion of increased contributions to disability and line-of-duty death benefits in the FRS investment plan. The committee also heard and passed several member bills, including CS for SB 1074 on rounding rules for cash transactions in a world without pennies, CS for SB 678 restoring the alcohol loss deduction framework for distributors, and SB 964 on firefighter cancer benefits and prevention. SB 964 drew the most discussion, with questions about the one-year death-benefit window, the separate $25,000 cancer diagnosis payment, and whether the bill could create gaps in coverage for firefighters diagnosed or dying just outside the new time limits. Firefighter representatives testified in support, saying the bill would provide clearer protections for members and families. All of these measures were reported favorably.
TX

Texas 89th Regular

Business and Commerce May 15th, 2025

Business & Commerce

Transcript Highlights:
  • The forced usage of central bank digital currency.
  • And includes central bank digital currency, yes. Yeah, CBDC. Sorry.
  • You just heard our central bank digital currency conversation.
  • You just heard our central bank digital currency conversation. Absolutely. Thank you.
  • Hello, my name is Ben Brown, John Ben Brown, with the American Adjuster Association.
Summary: The committee first handled pending business, including reconsidering SB 715 and then voting out several measures. The committee substitute for SB 1978 was reported favorably, and HB 431, HB 1522, HB 1922, HB 3228, HB 3229, HB 3803, HB 3804, HB 3805, HB 3806, HB 4219, HB 4238, HB 434, HB 1584, and HB 4739 were all reported favorably, many with objections sent to the local and uncontested calendar. HB 1522 and HB 4238 were adopted as committee substitutes before passage. The committee then moved into public testimony on HB 2963, a right-to-repair bill for consumer electronics. Supporters argued it would reduce waste, lower costs, and help independent repair shops by requiring manufacturers to provide parts, tools, and information on fair terms, while opponents said the bill was too broad and the automotive MOU exemption was problematic. The bill was left pending after testimony. The committee also heard HB 2467, which would align State Fire Marshal Office investigators’ pay with other commissioned peace officers at TDI; testimony was strongly supportive, emphasizing the office’s arson-investigation role, and the bill was left pending. HB 252, a bill allowing certain state agencies flexibility to pay Schedule A employees twice monthly, was laid out and left pending after limited testimony. HB 2468, dealing with public improvement district notice in real estate transactions, would let buyers terminate within seven days if required PID notice was not provided before contract execution; it drew no public testimony and was left pending. HB 4386, an annuity exchange and surrender process bill, was presented as a consumer-protection measure with deadlines and penalties for insurer delays; it received support from industry witnesses and was left pending. The committee then heard HB 4751, creating the Texas Quantum Initiative within the Governor’s Office to coordinate quantum research, workforce, industry partnerships, and possible future grant funding. Witnesses from universities and industry supported the bill, while several senators questioned whether a new state structure was necessary; the bill was left pending. HJR 175 proposed a constitutional amendment protecting Texans’ right to use mutually agreed forms of exchange, including cash, bullion, digital currency, or private script, and was discussed at length in the context of central bank digital currency and barter; it was left pending after testimony. HB 2221, updating insurance anti-rebating laws to allow wellness and value-added services, drew supportive testimony from the insurance industry and discussion about incentives versus monitoring; it was also left pending. Finally, the committee heard a series of utility wildfire and infrastructure bills: HB 106, requiring oil and gas operators to maintain certain electrical infrastructure near well sites; HB 144, requiring electric utilities to submit pole inspection and management plans to the PUC; and HB 145, requiring wildfire mitigation plans and allowing self-insurance under certain conditions. Utility, insurance, and cooperative witnesses generally supported the wildfire-related bills while asking for clarifications and less burdensome reporting, and the bills were left pending.
TX

Texas 89th 2nd C.S.

Business and Commerce May 15th, 2025

Business & Commerce

Transcript Highlights:
  • And it provides other... ...the forced usage of central bank digital currency.
  • And includes central bank digital currency, yes. Yeah, CBDC. Sorry.
  • House Bill 2221 creates a Texas currency. Well, it's with your face on it.
  • You just heard our central bank digital currency conversation.
  • Hello, my name is Ben Brown, John Ben Brown, with the American Adjuster Association.
Summary: The committee first handled pending business, including reconsidering a failed vote on SB 715 and then reporting several measures favorably. SB 1978 was reported from committee on a committee substitute, and a series of House bills — including HB 431, HB 1522, HB 1922, HB 3228, HB 3229, HB 3803, HB 3804, HB 3805, HB 3806, HB 4219, HB 4238, HB 434, HB 1584, and HB 4739 — were moved out of committee, most to the local and uncontested calendar. The votes on these items were overwhelmingly or unanimously in favor, with committee substitutes adopted where applicable. The committee then heard HB 2963, a right-to-repair bill for consumer electronics. The author said the bill would require manufacturers to provide parts, tools, and documentation on fair and reasonable terms while preserving trade secrets and excluding certain categories such as medical devices, motor vehicles covered by an MOU, critical infrastructure, and commercial-only transactions. Supporters from the Texas Public Policy Foundation and Environment Texas argued it would strengthen property rights, help small businesses, and reduce e-waste. Opponents, including representatives of SafeLight Auto Glass and LKQ, said they supported right-to-repair in principle but objected to the bill’s automotive MOU exemption and broader scope, warning it could create uncertainty and leave some manufacturers and repair shops outside the framework. The bill was left pending after testimony. Members also heard HB 2467 on salary parity for State Fire Marshal investigators, HB 252 on allowing some state agencies to pay certain employees twice monthly, HB 2468 on public improvement district notice and a buyer’s right to terminate, HB 4386 on annuity contract exchanges and surrender timelines, HB 4751 creating a Texas Quantum Initiative and related fund, and HJR 175 proposing a constitutional amendment protecting Texans’ ability to use mutually agreed-upon mediums of exchange, including cash, bullion, and digital currency. Testimony on HB 4751 was largely supportive but included questions about whether the state needs a new coordinating structure and funding mechanism for quantum research and commercialization. HJR 175 drew discussion about barter, taxes, and concerns over central bank digital currency. Each of these items was left pending after hearing testimony. The committee also heard HB 2221, which would update insurance anti-rebating laws to allow more wellness and value-added services in life and health insurance, with supporters saying it would encourage healthier behavior without requiring data monitoring. Finally, the committee took up a package of utility and wildfire-related bills from Chairman King’s portfolio: HB 106, requiring oil and gas operators to maintain certain overhead electrical lines; HB 144, requiring utilities to submit pole inspection and management plans to the PUC; and HB 145, requiring wildfire mitigation plans and allowing utilities to self-insure under certain conditions. Utility, co-op, and insurance representatives generally supported the safety and resiliency goals of HB 144, while asking for clarifications and less frequent reporting; HB 145 was introduced as a broader wildfire-risk and liability measure. These bills were also left pending after testimony.
MN

Minnesota 2025-2026 Regular Session

House Commerce Finance and Policy Committee 3/3/26

Commerce Finance and Policy

Transcript Highlights:
  • incorporate virtual currency into our regulatory framework where appropriate.
  • In my district, like crypto currencies.
  • ><c> more</c> virtual currencies become more virtual currencies become more mainstream,<00:12:59.440>
  • </c><00:15:51.519><c> virtual</c><00:15:52.000><c> currency</c> efforts to incorporate virtual currency
  • </c> safely keep their virtual currencies safely keep their virtual currencies with<00:16:02.000><c>