Transcript Highlights:

• And in Georgia, their main bread and butter is FinTech.

Keywords: 912, senate, all

Summary: The Senate Committee on Economic Development and Tourism heard several governor’s nominations for advisory and regulatory boards. The first group included William Smith, Michelle Ige, and Kayana Neman for the Community-Based Economic Development Advisory Council; Leland Park and Cynthia Hobson for the Small Business Regulatory Review Board; and Nicole Kacal for the Hawaiʻi Technology Development Corporation board. DBEDT and related witnesses testified in support of all nominees, and each nominee described experience in small business, finance, community engagement, or technology. Much of the discussion focused on strengthening Hawaiʻi’s economy through small business support, financial literacy, and better access to capital and grants. Committee members questioned nominees about priorities for Hawaiʻi Island and the state more broadly. Topics included agricultural infrastructure, value-added food production, shared processing facilities and commercial kitchens, workforce housing, and ways government and nonprofits can partner to help small businesses navigate permitting, licensing, and grant processes. Several nominees emphasized community impact, measurable outcomes, and practical regulatory reform. Nicole Kacal also discussed diversifying the economy beyond tourism, expanding technology and AI opportunities, and creating locally governed training and research pathways so workers can adapt to changing jobs. At the end of the hearing, the committee voted to recommend advice and consent for all nominees. The nominations for GM 608, GM 609, GM 612, and GM 613 were adopted by voice vote, with Senators Kim and Fevella excused. The committee then voted separately on GM 794 for Nicole Kacal, and that recommendation was also adopted. The hearing concluded with adjournment.

Transcript Highlights:

• authorizing the Commissioner of Financial Institutions to promulgate a legislative rule relating to the FinTech

Keywords: 994, senate, all

Summary: The Senate Finance Committee met with a quorum present and first approved the minutes of the previous meeting. It then took up House Bill 5438, which revises parts of the school aid formula and limits certain uses of instructional program, technology, and induction funds; the committee adopted an Education Committee amendment and reported the bill to the full Senate. The committee also reported House Bill 4087, creating the West Virginia-Ireland Education Alliance for higher education partnerships and grants, after brief explanation and no opposition. Members then considered House Bill 4191, which expands the child care tax credit to employer-sponsored child care facilities and changes subsidy payments from attendance-based to enrollment-based, with electronic filing requirements by 2026. Senators spoke in strong support, describing it as a workforce and economic development measure, and the bill was reported. House Bill 5074, which redirects medical cannabis fund balances and future revenues to general revenue and several specified purposes including the Supreme Court, universities, law enforcement, and health programs, was amended to increase the court allocation and remove the direct university research earmarks; it was reported over concerns that accumulated fund money would be diverted to general revenue. The committee also advanced House Bill 5353, bringing virtual currency kiosks under money transmission licensure and adding consumer disclosures, transaction limits, support requirements, and anti-fraud protections; a strike-and-insert amendment clarified kiosk rules and added law-enforcement contact requirements. House Bill 5527, regulating licensure of wellness reimbursement program administrators and related broker duties, was amended to clarify the definition and protect proprietary licensing information from public disclosure, then reported. House Bill 5687, as amended, phases down the metallurgical coal severance tax and incorporates a separate oil-and-gas tax reduction for new wells while adjusting county and municipal distributions, and it was reported. The committee also approved a large revenue rules bundle, House Bill 4245, with amendments to a lottery rule and a pre-need burial company rule, and reported House Bill 4418 to create an electronic municipal B&O tax filing system once enough municipalities participate. Finally, the committee reported House Bill 5168, which creates a permanent $12 million lottery-funded EMS support structure, including mental health treatment funding, county EMS funds, and an all-county EMS fund; members emphasized the need for stable EMS funding, especially in rural areas, and clarified how counties with and without levies would benefit. The committee then announced several Senate bills would not be taken up that day and adjourned.

Transcript Highlights:

• That's when we led ourselves to BAS and FinTechs.
• And everyone else is moving from the brokerages, the fintechs, the insurance companies, everybody is
• from the And everyone else is moving from the brokerages,<01:09:37.839> the<01:09:37.960> fintechs
• ,<01:09:38.960> the<01:09:39.080> insurance brokerages, the fintechs, the insurance
• brokerages, the fintechs, the insurance companies,<01:09:40.279> everybody<01:09:40.799> is

Keywords: 1189, house, all

Summary: The meeting opened with roll call, confirmation of a quorum, and approval of the April 6 and May 4 minutes, with minor corrections noted to the May minutes. The main presentation came from JD of Link Network, introduced by Dan Cohen, who described Link’s work with crypto.com and other market participants on tokenized money market funds and real-time settlement for institutional clients. JD gave a detailed history of his earlier work developing the Arca U.S. Treasury Fund and ArCoin, emphasizing that the project was built within existing SEC and 1940 Act frameworks and was intended to use blockchain technology for a traditional asset rather than create a crypto product. He said the effort involved years of discussions with the SEC, multiple custodians, and partners such as U.S. Bank, T-Zero Securities, and Tassat, and that the model eventually led to Link’s settlement system. He highlighted concerns that shaped the design, including regulatory compliance, privacy for institutional users, and the need to bridge traditional banking hours with 24/7 digital asset markets. The presentation also described Link’s features, including segregated and bankruptcy-remote fund structures, tokenized deposit and treasury fund settlement, and “yield in transit,” which allows interest to accrue and be distributed daily down to a two-second block. JD said the platform is being expanded for use cases such as exchange liquidity, cross-border capital movement, off-exchange collateral, stablecoin bridging, treasury management, and peer-to-peer settlement. He closed by posing policy questions for the commission about the use cases for stablecoins versus tokenized money market funds in New Hampshire and whether the state could issue or administer a security-based program with appropriate compliance controls.

Transcript Highlights:

• that was born largely in financial services, we are in every major bank in the U.S., every major fintech

Keywords: 1182, all

Summary: The House Science and Technology Committee met and heard two informational presentations, with no bills considered and no votes taken. Deloitte Infrastructure Insights presented a transportation AI tool, Infrastructure Insights Pro, focused on vulnerable road user safety and pedestrian crash analysis. The presenter described how the platform ingests agency data such as crash records, GIS layers, and project management systems to generate map-based insights, trust scores for data reliability, and draft concept reports. Members asked about how long similar reports took before AI, whether the tool had been used in other states, and whether it reduced cost or effort; the presenter said a report that once took six to eight months could now be drafted in hours, that the safety use case had been implemented at Caltrans, and that the main savings were in staff effort. The committee then heard from OCTA and Socure on digital identity, fraud prevention, and resident access to government services. The presenters argued that state and local governments should move toward a single, privacy-preserving digital identity experience that reduces multiple logins, improves security, and helps stop fraud by using contextual signals such as device, location, and document validation. They said Arizona already uses OCTA for more than 40,000 employees and some citizen services, and that Socure supports identity verification for public programs, including Arizona’s Empowerment Scholarship Account. A lengthy discussion followed about Real ID, state digital IDs, privacy, Fourth Amendment concerns, federal funding, and whether identity systems could become a national ID or surveillance tool. The presenters responded that states should retain control, that verifiable digital credentials can limit what information is shared, and that Arizona could centralize resident identity with privacy guardrails while preserving choice. The committee adjourned without further business.

Transcript Highlights:

• expertise in, but also in other areas that we're in real need of here in the Tampa Bay community: fintech

Summary: The Appropriations Committee on Higher Education met to consider a slate of trustee confirmations for several Florida state colleges and universities. Chair Harrell outlined the process, including swearing in nominees, allowing brief presentations and questions, taking public comment after each nominee, and voting on the full slate at the end unless a member was pulled for separate consideration. One nominee, Edward Fleming, was not heard and was deferred to a future meeting. The committee also dealt with several technical issues for remote participants before proceeding through the agenda. Nominees and reappointees emphasized their personal ties to their institutions and focused their remarks on workforce development, affordability, and partnerships with local employers. Several highlighted nursing and allied health programs, with committee members repeatedly asking about NCLEX pass rates; reported figures included Polk State at 100%, Lake-Sumter at 97.5%, Northwest Florida State at 100%, Daytona State at 95%, Pasco-Hernando at 97% for associate degree and 100% for practical nursing, Pensacola State at 90% practical nursing and 85% RN, and Hillsborough College at 87.5%. Other priorities mentioned included construction technology, agriculture and ag technology, surveying/geodetic programs, maritime and diesel mechanics, aircraft maintenance, dual enrollment, AI, cybersecurity, and support for military and veteran transitions. After hearing from all nominees, the committee asked whether any names should be voted on separately; none were requested. Senator Bradley moved a block vote to recommend confirmation, the motion was approved by roll call, and all nominees heard that day were recommended for confirmation except Tab 10, Edward Fleming, who was postponed to a later meeting. The committee then adjourned.

Transcript Highlights:

• register the offer or sale of securities, it also removes section four of the bill related to the fintech

Summary: The Committee on Banking and Insurance met with a quorum present and took up several bills, beginning with SB 834 on health care sharing ministries and insurance agents. Senator Yarbrough presented the bill to repeal a recent restriction on licensed insurance agents marketing or selling faith-based health care sharing programs. Supporters argued the change restores free speech and consumer education while preserving existing consumer protections; opponents said the bill was unnecessary and could increase confusion or misuse of agents and brokers. The committee adopted a title amendment and then reported the bill favorably after debate, with Senator Pizzo raising concerns about consumer reliance and lack of guaranteed coverage. The committee then approved SB 642 on foreign and alien bail bond insurers, SB 394 on reinsurance intermediary managers, and SB 266 on public adjuster contracts. SB 266 would let vulnerable adults rescind public adjuster contracts at any time without penalty; it drew support from consumer and industry groups, with some discussion about estimates and claim work product. The committee also passed SB 832 on residential property insurance transparency, which requires rate transparency reports and a consumer resource center at OIR, and adds a provision excluding land value from homeowners coverage calculations in most cases. Testimony on SB 832 was generally supportive of the transparency goal, though insurers said some of the required cost breakdowns may be difficult to produce as written. The committee next considered SB 1028 on Citizens Property Insurance Corporation, which would create a commercial lines clearinghouse to move eligible policyholders into the private market and reduce Citizens’ commercial exposure. Supporters said it would lower taxpayer risk and improve competition; a speaker suggested additional changes to deductibles, water-damage caps, and repair practices. The bill was reported favorably after a delete-all amendment and supportive debate from Senator Boyd. Finally, the committee passed SB 540 on the Office of Financial Regulation, which adds cybersecurity requirements for certain licensees, updates oversight of investment advisers and money service businesses, adjusts some charter and meeting rules for financial institutions and credit unions, and includes amendments clarifying repossession/deficiency claims, family office exemptions, and virtual credit union meetings. The meeting ended with all of the considered bills reported favorably and the committee adjourned.

Transcript Highlights:

• My name is Ashley Yurtsman, and I'm the Director of State Government Affairs for the American FinTech

Transcript Highlights:

• Currently, I'm pursuing my second Master's in Management Science and FinTech from DBU, that is Dallas

Bills: HB565, HB3743, HB4310, HB5083, HB5129, HB5195, HB5331, HB5469, SB21, HB3185, SB 21

Keywords: constitutional amendment, fiscal impact, state budget, ballot measure, transparency in voting, management-to-staff ratio, state agencies, employee regulations, government efficiency, workforce management, public information, governing board, transparency, confidentiality, access rights, privacy, identifying information, state agency, consent, occupational license

Transcript Highlights:

• financial firm subject to the SEC's rules among its clients, banks, asset managers, brokers, exchanges, fintechs

Keywords: financial regulations, SEC, Comptroller of the Currency, Federal Transit Administration, nominees, Empowering Main Street in America Act, capital formation, economic growth

Summary: The committee meeting focused on several nominees within key financial institutions, including discussions surrounding the SEC, the Federal Transit Administration, and the Comptroller of the Currency. Notable dialogue included concerns over regulatory balance, with various members emphasizing a need to streamline regulations to foster innovation while ensuring accountability and safety for investors. The importance of the proposed 'Empowering Main Street in America Act' was highlighted as a means to facilitate access to capital for small businesses, underlining the current administration's approach towards financial regulations.

Bills: SB 438, SB 512, SB 647, SB 648, SB 1495, SB 2121, SB 2145, SB 2154, SB 2167, SB 2184, SB 2211, SB 2268, SB 2349, SB 2443, SB 2629, SB 2702, SB 2902

Keywords: SB 438, Texas, State Office of Administrative Hearings, SOAH, administrative law judge, ALJ, public information act, open records, confidentiality, privacy, home address, home telephone number, emergency contact information, social security number, family members, Government Code 552.117, Government Code 552.1175, Tax Code 25.025, public records, government transparency

Summary: The meeting of the committee commenced with the establishment of a quorum, where members discussed and voted on five significant bills related to energy efficiency, insurance regulation, and public utility governance. Notably, Senate Bill 2717 was presented, incorporating feedback to foster collaboration among various state agencies for improved energy efficiency performance. This was followed by a detailed discussion on Senate Bill 1642, which proposed changes to the Texas Department of Insurance's executive structure to optimize management and consumer focus. Each bill saw active participation from senators who moved to adopt committee substitutes for clarity and responsiveness to stakeholder concerns, indicating a proactive approach to legislative issues.

Bills: SB438, SB512, SB647, SB648, SB1495, SB2121, SB2145, SB2154, SB2167, SB2184, SB2211, SB2268, SB2349, SB2443, SB2629, SB2702, SB2902

Keywords: SB 438, Texas, State Office of Administrative Hearings, SOAH, administrative law judge, ALJ, public information act, open records, confidentiality, privacy, home address, home telephone number, emergency contact information, social security number, family members, Government Code 552.117, Government Code 552.1175, Tax Code 25.025, public records, government transparency

Summary: The Senate Committee on Business and Commerce met with a quorum and took up several pending bills, voting favorably on SB 1612, SB 2717, SB 1468, SB 1642, and SB 1789. SB 1612 was reported favorably with objections to the local and contested calendar, while SB 2717, SB 1468, SB 1642, and SB 1789 were reported favorably, with SB 1642 and SB 1789 sent to the floor. SB 2717 would create the Texas Energy Efficiency Council; SB 1642 would add an executive director to the Texas Department of Insurance structure; and SB 1789 would establish pole standards and clarify PUC authority and remedies. The committee also heard an ERCOT update from CEO Pablo Vegas on the updated long-term load forecast, which showed a much higher unadjusted growth projection driven largely by data centers. ERCOT described an adjusted forecast using historical delays and lower realized build rates, and members discussed reliability, generation timelines, and the importance of SB 6 for demand response and flexibility. The committee then heard and left pending SB 2629, which would allow condominium and property owners’ association meetings and voting by electronic means; SB 2702, which would let nationally certified professionals test backflow prevention assemblies without a separate TCEQ license; SB 2167, which would let TDLR pause new license applications tied to human trafficking emergency orders or pending SOAH cases; SB 2349, which would exempt short-term leases and certain leasebacks from flood disclosure requirements; SB 2121, which would tighten the data broker registry law; and SB 2443, which would authorize TDLR electronic delivery of notices and other documents. Testimony generally supported these bills as cleanup, modernization, or workforce-streamlining measures, with some members expressing caution about electronic meetings and emphasizing in-person accountability. The committee also heard SB 2902 on coerced debt and identity theft, with testimony from a law professor and family violence advocates supporting stronger protections for survivors and suggesting a police report as an additional proof option. SB 512, a refiled bill restricting money transmission license holders from fining users for terms-of-service violations, also received supportive testimony and was left pending. Later, the committee heard SB 2145 on allowing certain TIF boards to meet virtually in narrow circumstances, SB 2268 on extending Texas Energy Fund loan deadlines in some cases, SB 1495 creating an EV supply equipment advisory board, SB 2154 regulating delivery network companies under a statewide framework, SB 2184 lowering the age for pyrotechnic operator and fireworks display permits from 21 to 18, SB 2211 on combining data centers, power generation, and produced-water desalination projects, and SB 647 on title theft protections and clerk authority to refuse fraudulent filings. Most of these bills were left pending after brief testimony and questions, with members focusing on reliability, regulation, and safeguards against fraud.

Bills: SB438, SB512, SB647, SB648, SB1495, SB2121, SB2145, SB2154, SB2167, SB2184, SB2211, SB2268, SB2349, SB2443, SB2629, SB2702, SB2902

Keywords: SB 438, Texas, State Office of Administrative Hearings, SOAH, administrative law judge, ALJ, public information act, open records, confidentiality, privacy, home address, home telephone number, emergency contact information, social security number, family members, Government Code 552.117, Government Code 552.1175, Tax Code 25.025, public records, government transparency

Summary: The Senate Committee on Business and Commerce met with a quorum and first voted out several pending bills. Senate Bill 1612 was reported favorably to the full Senate with objections sent to the local and contested calendar. The committee then adopted committee substitutes and favorably reported Senate Bills 2717, 1468, 1642, and 1789, with 1642 and 1789 sent to the floor. SB 2717 would create the Texas Energy Efficiency Council and add agencies to it; SB 1468 and SB 1642 were discussed as changes affecting utility and insurance-related structures; and SB 1789 would establish pole standards, with the author saying it would clarify PUC authority and create more practical statewide standards. The committee also heard an ERCOT update from Pablo Vegas, who said Texas load growth remains strong but ERCOT is adjusting its large-load forecast downward using historical delays and realization rates for data centers and other large loads. He said the adjusted forecast is still very high, but more realistic for planning, and members discussed reliability, generation timelines, demand response, and the role of Senate Bill 6 in helping model large data centers as flexible load. The committee then took testimony on a series of bills and left most pending after public comment. SB 2629 would allow condominium and property owners associations to hold meetings and vote electronically; testimony supported it as a way to improve access, though some members expressed concern about overuse of virtual meetings. SB 2702 would let nationally certified professionals test backflow prevention assemblies instead of requiring a separate TCEQ license, and was supported as a workforce and public health measure. SB 2167 would let TDLR pause new massage-establishment license applications when an applicant is subject to a human trafficking emergency order or pending SOAH case. SB 2349 would exempt short-term residential leases and certain leasebacks from floodplain disclosure requirements while allowing the notice to be included in the lease packet. SB 2121 would tighten the data broker registry law from the prior session, and SB 2443 would allow TDLR to use electronic delivery for notices and contested-case documents. Additional bills focused on consumer protection, housing, and regulatory administration. SB 2902 would help victims of coerced debt and identity theft stop collection efforts by requiring proof such as a court order or FTC report; advocates said it would protect survivors while still preventing fraud. SB 512 would bar money transmission license holders from fining users for terms-of-service violations in a way that forfeits account funds, and supporters framed it as a protection against private financial penalties. SB 2145 would allow public improvement districts and tax increment finance districts to meet virtually with at least one member physically present, while SB 2268 would give the PUC flexibility to extend Texas Energy Fund loan deadlines in certain cases. SB 1495 would create an advisory board for electric vehicle supply equipment standards, SB 2154 would extend statewide regulation to delivery network companies, SB 2184 would lower the age for pyrotechnic operator and fireworks display licenses from 21 to 18, SB 438 would expand confidentiality protections for SOAH administrative law judges, SB 2211 would treat digital products and desalinated water as industrial products to support combined energy-water projects, and SB 647 would strengthen title-theft protections by improving notice and clerk authority to reject fraudulent filings. Most of these bills were left pending after testimony, and several drew support from industry, consumer, or advocacy witnesses along with some member concerns about electronic meetings, licensing, and data accuracy.

Transcript Highlights:

• But is there other type of FinTech out there that maybe we should be aware of and be concerned about

Summary: The House Finance Committee held a work session that began with welcoming new member Rep. Janice Zahn, who introduced herself as representing the 41st Legislative District. The Department of Revenue then gave an update on the Antio-related legislation following the Washington Supreme Court decision and the 2025 session changes. DOR explained its voluntary disclosure program and the new expanded voluntary disclosure agreement for taxpayers with unreported investment income, including broader eligibility and interest/penalty relief, but said utilization has been minimal so far because additional implementation questions remain unresolved. The committee next received the annual update on the Working Families Tax Credit. DOR reported record participation in 2025, with about $205 million refunded through October and a major increase in applications after TurboTax added the credit to its filing software. Officials said most dollars went to households with children, outreach efforts remained important, and community partners and state agencies helped increase uptake. Members focused heavily on fraud concerns, especially tax preparers allegedly filing claims without applicants’ knowledge or diverting refunds; DOR said it is using fraud detection tools, training preparers, and trying to make applicants whole, but current law does not provide direct penalties against preparers. The final portion covered implementation of engrossed substitute Senate Bill 5814, which expanded sales tax to certain services. DOR described the new tax framework, its guidance process, and the large volume of ruling requests and outreach since the law took effect October 1. Committee members asked about fiscal assumptions, the scope of taxable services, and whether the department had revised its implementation estimates; DOR said the fiscal note assumed broad application absent explicit exemptions and that no expenditure revision had been made. In stakeholder testimony, Expedia and T-Mobile argued the law creates complexity and competitive disadvantages for Washington businesses, while a construction training provider said the tax raises tuition for workers seeking required certifications. School and nonprofit representatives said the tax will increase costs for special education services, arts programming, and other public-facing activities, and urged exemptions or further legislative fixes. The chair closed by noting the committee would revisit 5814 in the next session and then adjourned the meeting.

Transcript Highlights:

• more to be said than a lot of the states that are out there, really positions yourself broadly for a fintech
• broadly<01:59:48.400> um<01:59:48.880> for<01:59:49.679> a<01:59:50.080> fintech
• <01:59:50.639> innovation broadly um for a fintech innovation broadly um for a fintech innovation

Keywords: 1189, house, all

Summary: The commission met on November 12 and first approved the September 17 and October 15 draft minutes unanimously after brief discussion. Members also identified themselves for the record, including a new member from Bumpsk Bank, a staff attorney from the Secretary of State’s Bureau of Securities Regulation, a prior crypto commission participant, and a uniform law commissioner involved in tokenization projects. The main presentation was by UNH law professor Seth Orinberg, who discussed the federal GENIUS Act and the pending Clarity Act and how they affect New Hampshire’s options in the digital asset space. He described the GENIUS Act as governing payment stablecoins/stable tokens, defining them as blockchain-based assets used primarily for payments, redeemable for a fixed amount of national currency, and required to maintain stable value. He said the law creates three possible state roles: hosting federally qualified issuers, becoming a state qualifier for issuers up to a $10 billion threshold, or exploring state-backed issuance as a sovereign. He noted that the state-qualification path would require conforming legislation, examination capacity, and coordination with Treasury, while the sovereign-issuer theory is legally uncertain and may become a test case. Orinberg also outlined the core compliance framework he said applies to covered issuers: 100% reserve backing in high-quality liquid assets, monthly public reserve reporting, no yield or interest-like rewards, segregation of reserve assets, immediate redemption at face value, and anti-money-laundering/know-your-customer obligations. He then turned to the Clarity Act, describing it as a broader market-structure bill that would create categories such as digital asset, digital commodity, digital security, and ancillary asset, with self-certification procedures for issuers. He said the two federal laws together would separate payments from investments, preempt inconsistent state standards for covered payment stablecoins, and likely reshape the boundaries of state authority over digital assets.

Transcript Highlights:

• in the state of Florida can regulate our own stablecoin as we issue them through the business of fintech

Summary: The Insurance and Banking Subcommittee met to hear and vote on several bills, with all measures reported favorably. The first major item was PCS for HB 175 on payment stablecoins, which would create a Florida regulatory framework aligned with the federal GENIUS Act so issuers can choose state regulation instead of federal licensing. Members asked extensive questions about how stablecoins differ from other digital assets, whether Florida would need federal approval, and what impact the bill would have on the Office of Financial Regulation; the sponsor and OFR said the state framework would mirror federal standards and that any workload increase was currently indeterminate. The PCS passed unanimously after testimony from OFR and the Florida Blockchain Business Association in support. The committee then approved CS for HB 961, which streamlines electronic signature requirements for salvage titles and certificates of destruction, and HB 1415, a DFS stablecoin pilot program allowing certain stablecoins to be used for licensing and regulatory fees. HB 1415 was amended to remove authority for a Florida coin, limit the pilot to established stablecoins with at least $1 billion market cap, and require secure custody through a public depository or custodial bank. Members discussed how any interest or revenue would be used, with sponsors saying the pilot was still exploratory and intended mainly to cover program costs. Both bills passed favorably. HB 1039, establishing a state cryptocurrency reserve, also passed after a strike-all amendment moved administration of the reserve from the CFO’s office to the State Board of Administration and tightened eligibility to cryptocurrencies with a $100 billion market cap over the prior 12 months. Supporters argued the bill would create a framework for future diversification and investment in established digital assets, while several members raised concerns about volatility, reporting frequency, and the meaning of new terms such as qualified liquidity provider and secure custody solution. The committee also passed CS for HB 951 on penny rounding for cash transactions, with an amendment clarifying cash transaction definitions and treating money orders and gift cards like credit-card transactions for rounding purposes.

Transcript Highlights:

• And also when it comes to the fintech sandbox, I have some consumer concerns.

Summary: The committee met with a quorum and heard several insurance and banking bills. HB 1399, relating to property insurance affiliates, would increase Office of Insurance Regulation oversight of transactions between property insurers and affiliates, require fair-and-reasonable documentation, review of dividends and asset pledges, contract termination clauses, affiliate registration, and penalties for violations. Members from both parties generally supported the goal of transparency and accountability, though some raised concerns about costs and whether the bill would actually return money to insureds. The bill was reported favorably. HB 427, on public adjuster contracts, would allow vulnerable adults or their legal representatives to rescind public adjuster contracts without penalty, reflecting the sponsor’s personal concerns about protecting elderly and otherwise vulnerable family members from predatory contracting. Public testimony included support from several industry and elder-law groups, while the public adjuster association warned the bill could unfairly target one profession and urged broader language. Members debated whether the bill should be expanded to cover other solicitations and whether legal representatives should be treated differently, but the bill was ultimately reported favorably. The committee also approved HB 893, which aligns bank handling of law-firm trust accounts with Florida Supreme Court rules and supports legal aid funding, and HB 767, a transparency bill requiring insurers to provide consumers with plain-language explanations of rate increases and related factors. Members emphasized consumer education and clearer disclosures, and HB 767 passed 2-0. Later, HB 381, the Office of Financial Regulation agency bill, was amended and reported favorably; it updates financial regulation provisions including cybersecurity-related requirements, money services business rules, credit union and financial institution provisions, and fee timing. HB 777, a related public-records bill protecting nonpublic personal information submitted to OFR, was also heard and moved forward without opposition.

Transcript Highlights:

• have great experience in some of the operational concerns understanding the nature of banking and FinTech

Bills: SB524, SB782, HB42, HB1056, HB2894, HB3033, HB3474, HB3594, HB4738, HB5246, HB42

Keywords: SB 524, Texas franchise tax, veteran-owned business, new veteran-owned business, business tax exemption, filing fee exemption, Tax Code Chapter 171, Business Organizations Code, Comptroller, small business, veterans, entrepreneurship, tax repeal, privilege tax, beginning date, franchise tax exemption, severance tax, oil, gas, restimulation wells

Transcript Highlights:

• Um, so I spent some time in some fintech payment startups, and then from there left to be the first go-to-market
• Uh, the fintech brain food or something like that. >> I've been trying to get a hold of that person and
• Uh, the fintech brain food or something like that. >> I've been trying to get a hold of that person and

Keywords: 1189, house, all

Summary: The commission met with a quorum, approved the agenda, and approved the November 12 minutes after a motion, second, and unanimous voice/online consent. The chair said the meeting would include two presentations—one from Noah Herman of Fortress Global and one from John Kicko and team from Hedera—followed by discussion of the commission’s next steps and public comment. The chair also noted he was still seeking a clerk for note-taking. Herman’s presentation focused on stablecoins, blockchain use cases, and operational considerations for states and other institutions. He described Fortress as an enterprise crypto-wallet and treasury platform serving corporates, governments, and nonprofits, and used examples such as Save the Children and a large global commodities firm to illustrate custody and treasury management on blockchain rails. He said stablecoins are designed to maintain a U.S. dollar peg, are increasingly backed by treasuries and subject to greater transparency, and are being adopted by major firms and payment companies because they can improve speed, reduce cost, and simplify payments. He also highlighted market growth, including claims that stablecoins now represent a significant share of on-chain activity and are a major holder of U.S. Treasuries. He identified custody as a key issue for state and institutional use, outlining qualified custody, managed custody, and self-custody models. He said the main practical challenge for the commodities client was moving funds safely and quickly across global time zones and that blockchain rails could solve problems that traditional banking rails could not. He framed the broader trend as one of accelerating institutional adoption, citing recent acquisitions and product launches by Visa, Stripe, Citi, and PayPal as evidence that stablecoin infrastructure is becoming mainstream.

Transcript Highlights:

• I work in the fintech space. And look, alternative solutions are what we need.

Summary: The Select Committee on Alternative Protein Innovation held its second informational hearing at UCLA, focusing on California’s alternative protein sector and the role of public institutions in expanding plant-based, fermentation, and cultivated protein options. Chair Ash Kalra opened by highlighting prior state investments in UC research centers, the importance of student engagement, and the hearing’s three panels: reducing the carbon footprint of institutional meals, addressing market challenges to scaling alternative proteins, and advancing future food research and workforce development. Assemblymember Isaac Bryan also briefly praised the committee’s work and its relevance to climate and health goals. The first panel featured Friends of the Earth, UCLA Dining, and the Los Angeles County Department of Public Health. Megan Jones described California school food efforts, including technical assistance and microgrants that helped districts expand plant-based meals, reduce water and carbon footprints, and improve student satisfaction. Pete Angelese explained how UCLA Dining uses concept-driven venues, sustainable purchasing, and marketing nudges to increase plant-forward choices, while Dr. Michelle Wood outlined Los Angeles County’s 2024–2025 board motions to expand plant-based options in county food venues and programs, including joining the World Resources Institute’s Cool Food Pledge. Committee members asked about costs, procurement, and how student and consumer behavior can be influenced. The second panel addressed market barriers to scaling alternative proteins. Zach Weston and Daniel Gertner emphasized that the sector faces a cost-and-scale trap, high capital needs, and financing gaps, and they recommended grants, tax credits, loan guarantees, procurement commitments, and workforce development. T.K. Pillen of Beyond Meat argued that the category has faced a recent downturn due to consumer skepticism, industry attacks on “fake meat,” and pricing pressures, and said the key to renewed growth is increasing demand through better taste, health, pricing, and messaging around “plant protein.” Panelists also discussed hidden subsidies and structural advantages for conventional animal agriculture, and committee members raised questions about iBank loan guarantees and supply chain challenges. The final panel highlighted UCLA’s research and training efforts. Dr. Amy Roet described the Future Food Fellows program, which trains students across disciplines in science, communication, leadership, and community-building, and supports research on scalable, safe, and nutritious alternative proteins. Corinne Smith shared her cultivated meat research and student leadership in the Alternative Proteins Project at UCLA. Dr. Janet Tomiyama presented consumer psychology findings showing that disgust, gender norms, and terminology strongly affect acceptance, with “plant protein” and “complementary proteins” testing better than “fake meat.” The hearing concluded with support for continued public investment, clearer messaging, and expanded education and workforce pipelines to help California remain a leader in alternative protein innovation.

Transcript Highlights:

• Additionally, another thing you see when you look at the landscape is increased fintech supervision.
• 56.480> increased you look at the landscape is increased you look at the landscape is increased fintech
• fintech fintech supervision.<02:01:59.239> So<02:02:00.239> most<02:02:00.560> of

Keywords: 1191, senate, all