Transcript Highlights:

• </c><00:47:05.440><c> it</c> office has the amount of resources it office has the amount of resources
• </c><01:13:30.800><c> I</c> resources for uh the AG's office. I resources for uh the AG's office.
• would be made back by the ... we are investing state resources into we are investing state resources
• </c> much additional both work and resources much additional both work and resources it's<01:16:15.520
• </c><01:16:27.440><c> is</c> think that that uh extra resources is think that that uh extra resources

Committee: House Fraud Prevention and State Agency Oversight Policy

Keywords: 1183, house

Transcript Highlights:

• I agree that we need additional resources.
• Do we want more resources? ...how we're going to oversee the ESA program.
• Do we want more resources to administer it?
• Chairman, the Committee on Natural Resources, Energy and Water has now considered Mr.
• How's that for efficiency? Chair. Thank you. Thank you. Thank you. Thank you.

Summary: The House convened with prayer, the Pledge of Allegiance, approval of the prior journal, and several guest introductions and proclamations, including recognition of Dr. Victoria Tannenbaum as Doctor of the Day, Lutheran Day at the Legislature, a veterans treatment court judge, and Adrian Ace Stubbs Day. Attendance was recorded at 56 present, one absent, and three excused. The chamber then moved through communications, committee reports, and first/second readings before beginning a long third-reading calendar. Members considered and voted on a wide range of bills covering tax administration, groundwater and water rights, licensing timeframes, homicide, school employee transparency, mining, retirement system cleanup, utility regulation, AI and digital privacy, sexual extortion, adult protective services, salvage vehicles, veterinary board changes, geological survey reorganization, court fees, real estate licensing, probation, and several education-related appropriations and policy measures. Many bills passed on largely party-line votes, while others passed overwhelmingly or unanimously. Several members explained votes on issues such as superintendent contract transparency, ESA administration funding, mining reclamation, water supply and drought policy, motorcycle safety, AI and adult-content verification, and abortion-pill coercion. The House also passed multiple concurrent resolutions and memorials, including measures on election administration, Judea and Samaria, Route 66, and a memorial to rename State Route 69. Election-related debate was especially pointed, with supporters arguing for precinct-based voting and opponents warning of cost, reduced access, and logistical burdens. The chamber then moved into Committee of the Whole to begin consideration of measures on Calendar No. 1, starting with HB 2174 and related amendments.

Transcript Highlights:

• . efficiency and productivity.
• I believe that we can drive efficiency for the rest of our life.
• It's not about efficiency.
• run more efficiently.
• run more efficiently? Would you do it that way? No, no. I'm just...

Committee: Senate Finance Committee

Keywords: Social Security, Medicaid, Frank Bisignano, Elon Musk, benefit processing, office closures, public testimony, administration policies, health care, vulnerable populations

Summary: The committee meeting focused heavily on the nomination of Frank Bisignano as the Commissioner of the Social Security Administration, with intense discussions around the current state of Social Security and its management under the current administration. Members voiced significant concerns regarding potential changes to Social Security and Medicaid, specifically addressing issues such as office closures, delays in benefit processing, and the perceived policies from Elon Musk's association with the administration. Public testimonies highlighted fears that these changes would severely impact the accessibility of benefits for seniors and vulnerable individuals, resulting in a chaotic environment at the SSA. Members expressed a unified opposition to the notion of dismantling these critical programs, emphasizing the long-term implications on their constituents' well-being.

Transcript Highlights:

• We're coming together to create efficiencies, and we've got to see how all this works out.
• And these efficiencies really have helped us improve performance.
• We're doing it with efficiencies that we're seeing within the agency, and we're not done.
• So we're not done trying to create efficiencies and improve. Thank you, Mr. Barron.
• So we're not done trying to create efficiencies and improve. Thank you, Mr. Barron.

Committee: House Health and Welfare

Keywords: 989, all

Transcript Highlights:

• I stand draining our precious resources.
• ,</c><01:04:53.920><c> the</c> installations have the resources, the installations have the resources
• We can protect national security while also demanding efficiency and accountability.
• We can protect national security while also demanding efficiency and accountability.
• They need the replenishment, and they need the resources to be successful.

Keywords: U.S. House of Representatives Floor Proceedings on Wednesday, July 22, 2026, 1012, house, all

Transcript Highlights:

• And then also I liked what Representative Furman said about improving efficiencies.
• I think that will drive efficiencies within our program.
• The efficiency and authorizations, 100% agree with that.
• He said he had lots of ideas and was happy to show anyone how it could be done more efficiently.
• I'm happy to show anybody how that can be done more efficiently.

Summary: The House Health and Welfare Committee approved the February 2, 2026 minutes and then introduced RS 33180, the Prior Authorization Reform Act, sponsored by Representative Wheeler. Wheeler said the bill would set enforceable standards for insurer prior authorization, including public disclosure of criteria, electronic processes, decision timelines, specialty-appropriate reviews, and protections against retroactive denials. Members raised questions about whether the bill’s physician language could exclude advanced practice providers, and Wheeler said that language may need to be revisited before a full hearing. The bulk of the meeting was a wide-ranging budget discussion ahead of Health and Welfare’s budget presentation. Members debated possible Medicaid and department savings, including trimming optional services, reducing provider reimbursement cuts, using reserves, delaying or renegotiating contracts, expanding audits, and improving department efficiency. Several members argued against cutting disability, home- and community-based, and other vulnerable-population services, while others supported looking at Medicaid expansion, ResHab, and administrative overhead as places to find savings. There was also discussion of hospital rate reductions, work requirements, improper payments, and the use of Millennium Fund dollars. Representative Kaler presented specific ideas for the youth safety and permanency budget, including repealing the extended foster care expansion if participation remains low, reducing FTEs, and moderating benefit increases. Other members emphasized the need for evidence-based budgeting and stronger oversight of contracts and program integrity. No budget votes were taken; the committee mainly gathered ideas and directed members to provide more detailed numbers before the Health and Welfare budget hearing the next day.

Transcript Highlights:

• However, they had to seek out those resources on their own.
• Ensuring that these resources go to ethical, life-affirming providers is critical.
• ...including our resource witness.
• The chair calls—we actually have just resource witnesses.
• Members, do you all need to hear from resource witnesses? I don't.

Bills: SB397 , SB481 , SB596 , SB760 , SB855 , SB1195 , SB1196 , SB1233 , SB1257 , SB1318 , SB1368 , SB1388 , SB1398 , SB1524 , SB1558 , SB1589 , SB1677 , SB1792 , SB2034

Committee: Senate Health & Human Services

Keywords: SB 397, telemedicine, telehealth, teledentistry, remote care, virtual care, consent documentation, patient consent, data collection, data sharing, audio-only telehealth, in-person examination, irreversible medical procedure, health professional regulation, Occupations Code, Texas Health and Human Services, medical records, provider compliance, data privacy, consumer rights

Transcript Highlights:

• Is there anything existing, any red tape that we can cut to make things a little bit more efficient and
• Is there anything existing, any red tape that we can cut to make things a little bit more efficient and
• Absolutely, mostly a factor of population, but also resources that are available in the community where
• or inpatient resources are being located.
• But I think it's worth finding out, and I don't have the resources or expertise to do that.

Committee: Joint Health Insurance Affordability Task Force

Keywords: 916, all

Transcript Highlights:

• Um, we think it's definitely something where while the state resources devoted to it are low, it does
• Um, we think it's definitely something where while the state resources devoted to it are low, it does
• Um, we think it's definitely something where while the state resources devoted to it are low, it does
• Representative Anderson is always the most efficient member here you have. [laughter] I'm ready.
• Representative Anderson is always the most efficient member here you have. [laughter] I'm ready.

Keywords: 919, house, all

Summary: The subcommittee met on May 8, 2026, to narrow 12 proposed Legislative Audit Commission evaluation topics down to 8-10 semi-finalists for a legislative survey. Deputy Legislative Auditor Jodi Munson Rodriguez reviewed the selection criteria and explained which topics were promising now, which might be better deferred to fall because of timing or data limitations, and which were less promising because OLA would have limited ability to add value. She identified the Board of Behavioral Health and Therapy, DHS Adult Day Services Licensing, DHS county service approvals and provision, MDH mortuary science program, MPCA feedlot permitting, Minnesota paid leave, the Office of Cannabis Management, and several other DHS-related items as candidates, while recommending that DHS system modernization be shifted to an IT audit and that corporate concentration be narrowed substantially if pursued. Members discussed several topics in detail. Representative Lee asked how a broad DHS county services topic could be narrowed and suggested providing legislators with an addendum listing possible subprograms so they would know what they were ranking; Munson Rodriguez said OLA could add a few suggested subtopics and tailor the survey materials. Representative Hansen urged that the MPCA feedlot permitting review focus on effectiveness and environmental and health impacts, not just speed, and Munson Rodriguez said those kinds of questions could be added. The Office of Cannabis Management was viewed as promising but probably too new to evaluate immediately, and the MDH mortuary science program was also seen as worthwhile but potentially delayed because of overlap with other MDH licensing work. The Minnesota research tax credit drew the most extended discussion. Munson Rodriguez said it remained a weak fit for OLA because of limited data and unclear program goals, and Senator Rest argued it would be better handled by the Department of Revenue’s research staff or possibly the Legislative Budget Office’s tax expenditure research section. Representative Lee asked whether OLA’s financial audit division could review whether the credit “pays for itself,” but Munson Rodriguez said that would require econometric analysis outside the financial audit division’s normal work. The committee did not take a formal vote in the portion provided, but the chair indicated the tax credit issue should be brought to the full commission agenda, and the meeting continued with additional topic review, including the Attorney General Medicaid Fraud Control Unit, which staff said was heavily federally controlled and already reviewed by federal OIG, limiting OLA’s likely impact.

Transcript Highlights:

• acting chair of the Elections Committee, my job is to make sure our committee runs smoothly and efficiently
• Our goal is to conduct these proceedings efficiently while ensuring everyone the opportunity to observe
• And do they have less resources?
• </c><00:42:50.920><c> Do</c><00:42:51.040><c> they</c> do they have less resources?
• Do they do they have less resources?

Committee: Senate Elections

Keywords: 1187, senate, all

Transcript Highlights:

• today, to be very concise because we really want to hear from everybody and we want to do it in an efficient
• But I'd also like us to be as expeditious and efficient as possible because I know people have other
• They strain district staff resources, and they further weaken civic engagement.
• We demand that our government use the resources of this great state for all those who call Texas home
• It is a waste of resources.

Summary: The Senate Special Committee on Congressional Redistricting held its first regional hearing, focused on South and Central Texas, including Bexar County, Travis County, and the Rio Grande Valley. After establishing a quorum, the committee adopted its rules on a 6-3 roll-call vote, with Senators Alvarado and Miles voting no. Chair Phil King explained the regional-hearing format, the use of 2020 census data, the online testimony process, and the availability of written comments and future hearings. Several members then gave opening remarks, with Republicans emphasizing public input and Democrats arguing the special session and mid-decade redistricting were unnecessary and aimed at minority districts. A major procedural issue arose over whether the committee should invite or subpoena the DOJ attorney who authored the July 7 letter that prompted the redistricting discussion. Senator Miles moved to subpoena the attorney; the motion was seconded but then set aside after the chair said the committee could not take formal action on a non-procedural matter during a regional hearing under the adopted rules. The chair said he would consult legal counsel about issuing an invitation, and members discussed the August 7 deadline referenced in the DOJ letter. The committee then moved on to public testimony. Witnesses, including Congresswoman Sylvia Garcia, law professor Ellen Katz, and Texas NAACP president Gary Bledsoe, argued that the DOJ letter misread the law and that the targeted districts were lawful opportunity or coalition districts. They said the Fifth Circuit’s Pettway decision was limited to Section 2 of the Voting Rights Act and did not declare coalition districts unconstitutional, and they cited Bartlett v. Strickland as warning against intentionally dismantling effective minority districts. Garcia and Bledsoe said the hearing was politically motivated and would harm Black and Latino representation; Katz said Texas would act illegally if it followed the DOJ letter’s instructions. Members asked questions about the legal status of coalition districts, the 2021 map-drawing process, and the difference between opportunity, coalition, and crossover districts. The hearing continued with additional public witnesses, including labor representative Emily Amps, who said workers and communities of color were being harmed by the proposed redistricting effort.

Transcript Highlights:

• into non-compliant, illicit products are at risk, particularly smaller distributors who lack the resources
• I think Christina Adkins is here from the Secretary of State; if we need a resource witness, I’d be happy
• I don't believe we have a resource witness from the AG's office, but the bill does not establish caps
• The goal of all tort reform bills over the last 40 years has been to guarantee fairness and efficiency
• and accepting that those who are truly. truly injured must be able to obtain a fair result in an efficient

Bills: SB30 , SB517 , SB1313 , SB1314 , SB1316 , SB1541 , SB1698 , SB1845 , SB1860 , SB2420 , SB2429 , SB 30

Committee: Senate State Affairs

Keywords: gambling, criminal offenses, penalties, defense, electronic devices, tobacco advertising, youth protection, public health, criminal offense, retailer regulation, e-cigarettes, nicotine products, health, public safety, regulation, advertising restrictions, health and safety, elections, election audit, county elections

Transcript Highlights:

• affordable housing is a process of making housing units safer, more comfortable, and more energy efficient
• keep up with those remodeling standards of the housing units, um, it is a good idea to be energy efficient
• </c> comfortable and more energy efficient comfortable and more energy efficient and<00:03:16.400><c>
• improvements helps to Energy Efficiency improvements helps to improve<00:03:46.680><c> health</c><00
• for the health to be energy efficient for the health the<00:03:59.920><c> community</c><00:04:00.560

Committee: Senate Housing

Keywords: 912, senate, all

Summary: The Committee on Housing heard testimony on several housing-related measures. Senate Bill 65 would appropriate funds to the Hawaii Public Housing Authority for rehabilitation and repair of public housing units. Testifiers from the Department of Human Services, HPHA, Catholic Charities Hawaii, and Roar Cares supported the bill, emphasizing that repairing vacant units is a fast, cost-effective way to increase available housing for homeless and elderly residents. HPHA later told the committee it had 139 vacant units, with an estimated average repair cost of about $73,000 per unit. In decision-making, the committee recommended passage of SB 65 with amendments, including an appropriation of $10,147,000, and the motion passed. The committee also considered Senate Bill 40, which would allow HHFDC to secure a line of credit or other indebtedness for the bond volume cap recycling program. HHFDC supported the measure and explained that Act 35 had provided a $150 million line of credit for fiscal year 2025 only, so this bill would extend that authority; HHFDC said the bonds involved would be revenue bonds. Roar Cares supported the bill, while the chair asked whether the Legislature would need to pass such a bill annually. In decision-making, the committee recommended passage with amendments to specify revenue bonds and noted the administration should study other ways to secure the line of credit without annual legislation. For Senate Bill 35, which would create a Housing Efficiency and Innovation subaccount within the rental housing revolving fund and allow fund transfers without legislative approval, HHFDC and several others supported the measure, arguing that more flexible fund movement would improve efficiency. The committee adopted a recommendation to pass SB 35 with amendments, including language prioritizing projects on state or county land or projects by entities required to reinvest surplus into housing, and noting nonprofit developers could qualify for prioritization. Senate Bill 42, which would repeal certain 30% AMI set-aside and preference requirements for rental housing revolving fund projects, drew opposition from Catholic Charities Hawaii, which argued the bill would reduce the supply of the most vulnerable housing units, while HHFDC warned it could reduce production of 30% AMI units. The committee deferred SB 42. The final bill discussed was Senate Bill 75, which would establish a working group to revise the state’s qualified allocation plan and related rental housing revolving fund loan terms and report back to the Legislature. HHFDC and others offered comments, while Catholic Charities asked that the bill be deferred, saying HHFDC already had the capacity to work with the community without a new law. Roar Cares supported the concept but urged broader stakeholder inclusion. In decision-making, the chair said the committee report would note concerns about prior QAP revisions and the need for more transparent, ongoing stakeholder participation, and the committee recommended passage of SB 75 without amendments. All recommendations were adopted, and the hearing adjourned.

Transcript Highlights:

• So can't invest those type of resources.
• We've got the resources.
• We know the We've got the resources.
• communication, human resources, and communication, human resources, and professional<00:58:27.200><c
• Um, require more resources to educate.

Keywords: Call to Order and Roll Call - 0:25 Approval of Minutes – 3-50 2025 RS SB 253 – 4:25 Computer Science and AI Literacy – 27:36 Fayette County School District Budget Update – 51:46 Adjournment – 2:09:46, 958, all

Summary: The committee first handled routine business, including roll call, introductions, and approval of the previous meeting minutes by voice vote. It then heard a presentation on SB 253, focused on expanding support for teacher apprenticeship and teaching-and-learning pathways. Senator Hickman and staff from the Kentucky Department of Education and Nelson County Schools described how the program uses dual credit, work-based learning, and registered apprenticeship to help students earn an associate degree in high school and continue toward a teaching degree. They said the goal is to address the teacher shortage by creating a sustainable pipeline into the profession. Witnesses emphasized that the main barrier is cost. Mary Taylor said Kentucky’s youth apprenticeship model has been successful in other fields and that education should be added as an in-demand sector, but an associate degree alone will not solve the teacher shortage because teachers still need a bachelor’s degree and certification. Laura Arnold of Nelson County Schools described the district’s Lead Nelson program, saying the district has invested more than $800,000 since 2021, currently has 37 students in the pathway and seven committed apprentices, and spends about $85,000 per apprentice from freshman year through certification. She said district staffing, planning, and university partnerships are also significant hurdles. Members asked about job guarantees, tenure, and retirement; Arnold said employment is performance-based and retirement issues are being considered. Senator Hickman said the bill would use lottery funds to help cover tuition and dual credit costs so more districts can participate, noting that a prior version died because of a high fiscal note. Representative Payne and Representative Tipton praised the program but stressed the need for funding and noted inconsistencies between statute and budget language on Work Ready Kentucky and dual credit support. Representative Tipton also cautioned that lottery revenue may not keep pace with demand and said the General Assembly may need to make broader funding decisions. After the apprenticeship discussion, the chair moved the committee to the next agenda item on computer science and AI literacy, where Code.org began a presentation on the importance of computer science for all students.

Transcript Highlights:

• This will allow law enforcement to recover stolen property more efficiently and track suspects safely
• </c><00:31:30.279><c> and</c> stolen property more efficiently and stolen property more efficiently and
• The state has a finite amount of resources, and we can redirect those funds away from excessively long
• In that case, they can deploy the tracking device, sit back, marshal resources, and get people in custody
• </c> sit back and Marshall their resources sit back and Marshall their resources and<01:36:00.520><c>

Committee: House Public Safety Finance and Policy

Keywords: 1183, house

Transcript Highlights:

• Our UI system is insolvent, and we don't have the resources to deal with this.
• the other sponsors: California Coalition of Family Caregiving, Association of California Caregiver Resource
• Algorithmic management often results in endless speed and efficiency increases, and workers are likely

Summary: The Assembly Labor and Employment Committee heard several bills focused on worker protections, AI in the workplace, bereavement leave, and construction labor standards. SB 909 by Senator Smallwood-Cuevas would increase public works contractor registration fees, raise prevailing wage and related penalties, and direct half of collected penalties back into the Public Works Enforcement Fund. Supporters said the bill would help combat wage theft and misclassification and strengthen enforcement; opponents argued the higher fees and penalties would burden contractors without fixing enforcement backlogs. The committee voted the bill out on a due pass motion to Appropriations. The committee also approved SB 951 by Senator Reyes, which would require 60-day notice when 25 or more workers are displaced by technology and require reporting on AI-related job impacts. Supporters framed it as a response to rapid AI-driven layoffs and a way to gather real-time data; opponents raised concerns about small employers, proprietary information, and litigation. SB 947 by Senator McNerney, the “No Robo Bosses Act,” would require human review of automated discipline, termination, or deactivation decisions and restrict predictive behavior analysis. Supporters said it would prevent biased or mistaken automated decisions; opponents objected to the inclusion of independent contractors, private rights of action, and other provisions. Both bills were advanced to the Committee on Privacy and Consumer Protection. The committee also passed SB 1149 by Senator Durazo, which would expand bereavement leave to cover a “designated person,” including chosen family relationships. Supporters, including AARP and a witness who described losing a long-term partner, said the bill reflects modern family structures; there was no opposition. In addition, SB 1185 by Senator Cortese, applying skilled and trained workforce standards to pharmaceutical facility construction, was approved despite opposition from business and construction groups who said there was no demonstrated safety problem and that the mandate could raise costs and reduce competition. Several other bills on the consent calendar were also approved, and all measures were reported out of committee.

Transcript Highlights:

• Our UI system is insolvent, and we don't have the resources to deal with this.
• the other sponsors: California Coalition of Family Caregiving, Association of California Caregiver Resource
• Algorithmic management often results in endless speed and efficiency increases, and workers are likely

Committee: House Labor and Employment

Keywords: 988, house, all

Transcript Highlights:

• titling and registration, expands electronic processing, reduces paperwork and delays, and improves efficiency
• They help parents to find all the proper resources that they might need. Louisiana.
• They help parents to find all the proper resources that they might need.

Summary: The committee met with four members present and approved the May 7, 2026 minutes. It then considered a series of transportation, motor vehicle, aviation, port, and memorial designation bills. Several measures were reported favorably, including HB 1086 on electronic titling and digital title transfers, HB 745 extending special tandem load permits, HB 1175 updating the definition of aerospace, HB 1108 creating a Homeschool Proud license plate, HB 722 changing reinstatement procedures so certain suspended licenses are restored once fees are paid, HB 1024 creating a Louisiana Democratic Party license plate, HB 1173 giving drivers on reinstatement payment plans a three-month grace period before late fees apply, and HB 98 imposing a $25 annual royalty fee on a retired legislators’ plate to help restore the Pentagon Barracks. HB 487, dealing with red-light overtaking and an added fine, and HB 1032, a technical cleanup bill aligning DWI/drug-impairment language, were also reported favorably. HB 1050, a CDL cleanup bill that adjusts age and testing provisions and removes outdated vision-waiver language, and HB 1192, creating a Louisiana Dental Hygienist Association plate, were approved as well. HB 989, which would have raised public license tag agent convenience fees, was supported by private tag agents but drew questions about fee parity and business impacts; it was reported favorably. A separate bill on driving school pricing and refunds was deferred and turned into a study resolution after the sponsor said more stakeholder discussion was needed. The committee also advanced several memorial and infrastructure measures. HB 401 designated the Lance Corporal Justin McLeese Memorial Bridge, with members speaking about his military service and sacrifice. HB 1081 moved the Louisiana Ports and Waterways Investment Commission under the Office of Multimodal Commerce for administrative support while leaving port boards independent. HCR 63 created a task force to study whether certain active-duty military personnel could operate federally owned vehicles on state highways without a civilian license. HCR 69 urged priority improvements to the Interstate 12 corridor, especially the bottleneck and interchange areas near I-55, citing safety and evacuation concerns. SCR 58 asked DOTD to review public-private partnership practices, using the Belle Chasse Toll Bridge as a case study and focusing on lessons learned for future projects. HB 1001 designated a portion of U.S. 190 as the Jesse Jackson Memorial Highway. HB 1218 named Highway 1090 the Lewis Pett Miramon Memorial Highway, with family members and supporters describing Miramon’s wartime service and role in building Slidell. HB 1172 designated a highway segment in memory of a 14-year-old hit-and-run victim, Kulin Carrier. One major policy bill, SB 514, was amended and reported favorably. It updates Louisiana’s aeronautics statutes, transfers responsibility for aeronautics activities and facilities from the DOTD secretary to the Office of Multimodal Commerce commissioner, and modernizes the law to align with federal aviation rules and new technologies, including advanced aviation and electric vertical takeoff and landing programs. Members asked about the lengthy amendments, fuel tax language, airport development reporting, and the Transportation Trust Fund, and the sponsor and DOTD explained that the changes were largely technical and intended to keep Louisiana eligible for federal aviation funding and compliant with current standards. The committee also heard extensive testimony on HB 1244, which would add a brain-injury designation to driver’s licenses and require law-enforcement training. The sponsor and advocates described how the designation could help de-escalate encounters and improve safety for people with brain injuries; the bill was reported favorably, with members noting it could also cover broader brain-injury conditions if medically certified. After that testimony, the committee adjourned without objection.

Transcript Highlights:

• As stewards of taxpayer resources and guardians of retirement security for state employees, it's our
• MOSERS has historically had less equity and less equity-driven risk and more diversified resources.
• Passing this legislation will help increase operational efficiency by returning the members’ money to

Committee: House Joint Committee on Public Employee Retirement

Summary: The Joint Committee on Public Employee Retirement held an informational hearing on the Missouri State Employees’ Retirement System (MOSERS) to review its long-term financial condition, funding status, investment performance, experience study results, and possible legislation. MOSERS staff explained that the plan is a statutorily created defined benefit system covering state employees, several colleges and quasi-governmental entities, with an 11-member board and outside actuarial and investment consultants. They reported the June 30, 2025 valuation showed a funded ratio of 55.4%, assets of about $9.6 billion, liabilities of about $17.4 billion, and a FY27 actuarial employer rate of 27.44%, which the board raised to a 32% minimum contribution rate under a policy adopted in 2023. MOSERS attributed the funding decline over time to several factors: reductions in the assumed investment return from 8.5% to 6.95%, mortality assumption updates, a move from open to closed amortization, and especially weak payroll growth and a shrinking active workforce. Staff said the minimum contribution policy is intended to accelerate UAL paydown and could bring the plan to 80% funded by 2037 rather than 2041, assuming all assumptions are met. The committee also discussed the recent experience study, which kept the investment return assumption at 6.95% and made only modest assumption changes, and a proposed 2026 bill package (SB 1557 and SB 1054) that would automatically refund small balances under $1,000 to terminated non-vested members and add auto-escalation to the deferred compensation plan. A substantial portion of the hearing focused on investment strategy and why MOSERS has lagged some peers. The investment consultant said historical underperformance was driven mainly by asset allocation choices that emphasized a more risk-balanced, diversified portfolio with less public equity exposure than peers during a period when equities performed very strongly. He said the board adopted a more equity-oriented allocation in 2024 and is phasing it in over eight quarters, with recent short-term results improving and the portfolio outperforming its policy benchmark. Members also asked about the effect of inactive members, the rationale for the higher employer contribution, and whether the current board should be held responsible for past decisions; MOSERS officials emphasized that the current board is trying to correct course and that pension funding changes take time. The hearing also touched on ongoing litigation against a former private equity manager, Catalyst Capital, with MOSERS saying it has spent about $20 million in legal fees so far and that the case remains on appeal. The committee took no formal vote and adjourned after the informational presentation and questions.

Transcript Highlights:

• University for Hers, participate in STEM, civic engagement, healthy living, leisure sciences, natural resources
• Appropriate to get them more money to operate more efficiently.
• It was the oid system that was then just managing the resources within whenever they were looking at

Bills: HB3834 , HB3940 , HB4346 , HB2947 , HB3257 , HB3264 , HB4326 , HB4421 , HB3944 , HB3979 , HB4118 , SCR22 , SB169 , HB1047 , HB2123 , HB2650 , HB3260 , HB3403 , SR41 , HB3649 , HB3742 , HB3831 , HB3996 , HB4321 , HB4339

Keywords: HB3834, Oklahoma Breakthrough Therapy Act, ibogaine, ibogaine-based therapeutics, ibogaine analogs, clinical trials, FDA approval, breakthrough therapy designation, opioid use disorder, substance use disorder, traumatic brain injury, mental health, neurological disorders, drug development, public-private partnership, State Department of Health, intellectual property, revolving fund, research funding, medical licensing