Transcript Highlights:

• The majority of the banks that we encounter on the commercial side tend not to offer yield to clients
• </c> current commercial deposits. current commercial deposits.
• > because it's not like I can just pull because it's not like I can just pull the<01:40:45.080><c> code
• </c><01:40:46.880><c> You</c><01:40:46.960><c> can</c> the code and stop using it.
• You can the code and stop using it.

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:

• This would expand that to apply also to commercial property.
• Jasper County: 88% residential, 39% commercial.
• The commercial ratio study was at 58. Worth County: 90% on residential, 44% commercial.
• And you broke it out by residential and commercial.
• And you broke it out by residential and commercial.

Committee: House Special Committee on Property Tax Reform

Keywords: 959, house, all

Transcript Highlights:

• Land and Natural Resources to be administered by the Division of Boating and Ocean Recreation for commercial
• As commercial<00:01:44.000><c> operations</c><00:01:44.560><c> return,</c><00:01:44.960><c> we</c><00
• :01:45.119><c> must</c> commercial operations return, we must commercial operations return, we must ensure
• </c> supports both community and commercial supports both community and commercial operators<00:02:23.280
• </c><00:05:16.479><c> boers</c><00:05:16.960><c> there</c> the commercial boers there the commercial

Bills: SB2596 , SB3002 , SB3067

Committee: Senate Water, Land, Culture and the Arts

Keywords: government leases, state entities, real property, affordable leasing, budget impact, green infrastructure, urban development, sustainability, environment, climate change, public health, Hawaii State Planning Act, land records, registration, surveys, subdivision, Hawaii Revised Statutes, 912, senate, all

Summary: The joint committees on Water and Culture and the Arts and on Hawaiian Affairs heard SB 3173, which would create a cultural training pilot program in the Department of Land and Natural Resources, administered by DOBOR, for commercial permit holders operating in Lahaina Harbor. Testimony was largely supportive from Lahaina Strong, which said the bill responds to community concerns and would help commercial operators return with greater cultural understanding and respect. Supporters framed the measure as a way to rebuild Lahaina intentionally and strengthen relationships between industry and community. Opposition came from Trilogy Excursions and the Activities and Attractions Association of Hawaii. They said they already provide or encourage cultural education, but argued the bill as written is too broad, potentially mandatory, and could create hiring and operational problems for businesses trying to restart after the fire. They asked that any program be voluntary, collaborative, and practical, with clearer details on who must take the training, how often it would be offered, and how it would be coordinated. In response to questions, a witness said most operators would likely participate if the training were accessible and well-marketed, but that the harbor’s limited current operations and staggered rebuilding make timing important. After testimony and questions, the chairs said they appreciated the comments but wanted to move the bill forward without amendments because of a filing deadline, noting that timing and other issues could be worked out in later committees with DLNR, OHA, and stakeholders. Both committees then voted to pass SB 3173 unamended, with one member excused in each committee.

Transcript Highlights:

• remove their own customer equipment, but they would, of course, need to follow any local building codes
• Natural Resources Code 91.
• Natural Resources Code 91.109 lays out a process for the Railroad Commission, the PUC, and the electric
• Section 319, theft of petroleum products, and Penal Code Section 3103, general theft related to oil
• Provision referencing the fact that these are critical assets as defined in the Natural Resources Code

Committee: House Energy Resources

Keywords: 1184, house, all

Transcript Highlights:

• private school system, and you said that they would be subjected to comply with the Texas Education Code
• educator code of conduct and this is regulated by a body called ESPEC that we are their staff.
• and it said that to requirement to report employee misconduct this is saying it's in the family code
• There's 3.5 that is completely new outside of what is required by the education code.
• You may even see some commercials on television.

Committee: House Appropriations

Keywords: 1184, house, all

Transcript Highlights:

• And two, how is Kentucky's tax code reflect, if at all, the change of the federal code?
• And two, how is Kentucky's tax code reflect, if at all, the change of the federal code?
• </c> federal code? federal code?
• </c> General Assembly has been doing code General Assembly has been doing code updates updates updates
• the code updates sometimes the code updates uh<01:21:23.120><c> exclude</c> uh exclude uh exclude uh

Keywords: 958, all

Summary: The meeting focused on reaching consensus on official Kentucky revenue estimates for fiscal years 2026 through 2028, using updated S&P Global economic forecasts compared with the September presentation. Staff explained that the updated forecast relied partly on alternative data because of the federal government shutdown, and they walked through changes in national and Kentucky economic assumptions across control, optimistic, and pessimistic scenarios. The control forecast was described as slightly more optimistic in the near term but more cautious in fiscal 2027 and 2028, with GDP growth revised up for the current year and down somewhat in the outer years. The pessimistic scenario now assumed a two-quarter recession beginning in the current quarter, while the optimistic scenario was given a higher probability weight than before. The presenters highlighted several Kentucky-relevant variables that changed since September, including weaker manufacturing employment, weaker housing starts, weaker consumer sentiment, and lower expected non-farm employment in fiscal 2026. At the same time, wage and salary disbursements were revised upward in fiscal 2027, reflecting higher disposable income from tax changes, and real consumer spending was expected to be stronger in the near term. They also discussed assumptions about tariffs, business profits, the Federal Reserve, unemployment, oil prices, retail sales, vehicle sales, exports, and consumer sentiment, noting that some indicators were little changed while others shifted materially. Consumer sentiment was attributed to affordability concerns, tariff impacts, and a general sense of malaise, but was expected to improve in later years from a low base. Members asked follow-up questions about why the forecast worsened in later years and about the consumer sentiment assumptions. Staff responded that the forecast assumed larger take-home pay and refunds from tax withholding changes, along with some easing of tariff effects, which they believed would help offset a negative wealth effect from stock market declines. They also noted that S&P Global’s December forecast, which had already been published, was essentially consistent with the presentation and that the firm believed its earlier assumptions had tracked recent data well. No vote or final action was recorded in the portion provided, but the discussion was aimed at settling the revenue estimates that will underpin the upcoming branch budget bills.

Transcript Highlights:

• When I first started, it was very, very difficult to break into the commercial industry.
• When I first started, it was very, very difficult to break into the commercial industry.
• When I first started, it was very, very difficult to break into the commercial industry.
• When I first started, it was very, very difficult to break into the commercial industry.
• Commercial industry there, there was only two commercial leaders at the time, and they controlled most

Committee: Senate Commerce and Consumer Protection

Keywords: 912, senate, all

Summary: The joint Senate Commerce and Consumer Protection and Economic Development and Tourism committees heard S.B. 890, which would have prohibited the sale, display, or marketing of products labeled as poi unless wholly derived from Hawaii-grown taro. The Attorney General’s Office raised Commerce Clause and free speech concerns, and the Department of Agriculture offered support with comments. Testimony was mixed: several individuals and organizations supported the bill as a way to protect the cultural integrity and purity of poi and support local taro farmers, while an industry representative opposed the bill as written, arguing that poi is a process, that the language was too restrictive, and that the industry already faces taro shortages and supply variability. Committee members also discussed the limited supply of local kalo, the use of imported taro for tabletop products, and the need to expand production. After testimony, the committees recommended passing S.B. 890 with amendments. The amendment package would convert the measure from a prohibition to a labeling requirement so poi made with ingredients from outside Hawaii must be labeled with the origins of those ingredients, remove references specifically to taro to accommodate other ingredients, add a severability clause, and set a defective date of July 1, 2050. The measure was adopted, with one senator voting with reservations and the rest voting aye. The committees then took up previously heard measures. S.B. 281, relating to telehealth, was recommended for passage with amendments to reinstate an opt-out from video conferencing in the definition of interactive telecommunications software; it was adopted. S.B. 1449, relating to prior authorization of health care services, was recommended for passage unamended and was also adopted.

Transcript Highlights:

• It's just what it does is it establishes a uniform statewide license issuance system for massage therapy
• It's just what it does is it establishes<00:15:06.600><c> a</c><00:15:06.640><c> uniform</c><00:15:07.560
• ><c> statewide</c><00:15:08.320><c> license</c> establishes a uniform statewide license establishes a
• uniform statewide license issuance<00:15:09.520><c> system</c><00:15:10.600><c> for</c><00:15:10.720
• Statewide regulation is essential to ensuring public protection, professional accountability, and uniform

Committee: Senate State and Local Government

Keywords: 1187, senate, all

Transcript Highlights:

• Every health care system in America is screaming code blue, warning us that the future of our workforce
• Every health care system in America is screaming code blue, warning us that the future of our workforce
• Neither of these men and women were drafted or forced to put on the uniform they wear.
• </c><02:21:20.800><c> 403A</c> outlined in five United States Code 403A outlined in five United States
• Code 403A and<02:21:22.399><c> the</c><02:21:22.640><c> confidence</c><02:21:22.960><c> I</c><02:21:

Keywords: U.S. House of Representatives Floor Proceedings on Tuesday, December 2, 2025, 1012, house, all

Transcript Highlights:

• First is ensuring that there is an admitted clearinghouse for commercial residential and commercial nonresidential
• Murphy then said that independent agents already shop commercial residential business across multiple
• ...to the commercial clearinghouse is what we hope to achieve.
• Again, the commercial clearinghouse is... ...by about $2 billion in coverage.
• Again, the commercial clearinghouse is something that obviously would perhaps accelerate that.

Bills: S0032 , S0068 , S0210 , S0246 , S0340 , S0418 , S0428 , S0606 , S0628 , S1028 , S1734

Committee: Senate Fiscal Policy

Keywords: injunctions, protection orders, domestic violence, serious violence, court procedures, enforcement, risk protection, statewide communication system, pediatric care, emergency departments, hospital regulations, patient safety, health care standards, public records, violence protection, confidentiality, defamation, specialty license plate, specialty plates, motor vehicle registration

Summary: The Committee on Fiscal Policy met and reported a series of bills favorably, covering health care, public safety, insurance, coastal resilience, juvenile justice, drowning prevention, transportation designations, and beach management. Senator Harrell presented CS/SB 68, requiring hospitals with emergency departments to adopt pediatric emergency care policies, training, designated pediatric readiness personnel, and participation in a national readiness assessment; it passed. Harrell also presented CS/SB 340, requiring nursing students to complete two hours of human trafficking identification training before licensure; it also passed. Senator Sharif’s CS/SB 32 and SB 210, creating a new injunction for protection against serious violence by a known person and the related public records bill, were both reported favorably. Senator Garcia’s CS/CS/SB 302 on nature-based coastal resiliency, Senator Jones’s SB 418 on law enforcement interaction with individuals with autism and the Blue Envelope Program, and Senator Martin’s CS/SB 1734 updating juvenile probation and detention officer definitions and related cost-share language were also approved. The committee then took up several drowning-prevention measures. CS/SB 606 by Senator Smith would add drowning prevention and safe bathing education to postpartum materials and direct the Department of Health to create standardized materials; an amendment removed a records-retention requirement, and the bill passed. SB 428 by Senator Yarborough would expand the state swim lesson voucher program from children ages 0-4 to ages 1-7; it received strong support from advocates, including a young swim instructor and autism advocates, and passed. The committee also approved CS/SB 246, a specialty license plate bill that was amended to include the UFC plate and a First Responders’ Resiliency Foundation plate, and CS/SB 1028, which revises Citizens Property Insurance and clearinghouse procedures to prioritize admitted carriers and prohibit public funds for the clearinghouse; that bill drew discussion about market competition, Citizens’ exposure, and potential impacts on policyholders. Additional measures reported favorably included SB 628, designating a portion of South Navy Boulevard in Pensacola as Warrior Sacrifice Way to honor the sailors killed in the 2019 Naval Air Station Pensacola attack, and CS/SB 636 on beach management, which would create a proactive pathway for coastal communities to obtain erosion-related designations and align with federal programs. Beach industry testimony supported the bill’s intent but raised concerns about perpetual easements and funding shortfalls. At the end of the meeting, members recorded additional votes on selected bills, and the committee adjourned.

Transcript Highlights:

• On August 12, 2025, Florida Highway Patrol responded to a tragic fatal crash caused by a commercial truck
• learner's permits and commercial driver's licenses.
• Full decertification would bar California from issuing, renewing, or upgrading any commercial credentials
• Full decertification would bar California from issuing, renewing, or upgrading any commercial credentials
• These commercial truck drivers are from many ethnic and cultural backgrounds.

Summary: The Senate Transportation Committee heard several measures, with most of the agenda taken up by AB 1944, AB 2453, and SJR 16 after a consent calendar of eight items was approved. AB 1944 by Assembly Member Alex Lee would delay the schedule for reducing the allowable axle weight limits for zero-emission buses while keeping the final cap in place, to give transit agencies and manufacturers more time to develop lighter buses with sufficient range. Supporters, including the California Transit Association and several transit districts, said the bill would help agencies comply with zero-emission bus mandates. Opponents, led by the League of California Cities, argued heavier buses would accelerate pavement damage and increase local maintenance costs. Senators raised concerns about infrastructure impacts and environmental tradeoffs, while others supported the bill as a practical adjustment to technology timelines. The bill passed on a 10-3 vote, with the roll left open and later completed. AB 2453 by Assembly Member Michelle Rodriguez would clarify authority for first responders and peace officers to use off-highway vehicles in official duties, including limited travel on public roads to reach remote areas. The author and supporters, including the Carlsbad Fire Department and the City of Ontario, said the bill would improve response times for beaches, trails, deserts, and special events and reduce burdensome workarounds. No opposition testimony was offered. The committee approved the bill unanimously and sent it to the Committee on Natural Resources and Water. SJR 16 by Senator Caballero urged Congress to act on federal actions affecting California commercial truck drivers after a fatal crash and subsequent federal scrutiny of California’s commercial licensing practices, including English-language proficiency standards and rescinded credentials. The author and Teamsters California said the federal response had unfairly harmed experienced drivers and the supply chain. No opposition was presented. The resolution passed on a 9-3 vote, with the roll also left open and later completed. The consent calendar items were adopted 13-0.

Transcript Highlights:

• You know, right now the interstate was going to be commercial development for them, and we've got a bunch
• of the land at one of the major exits that they can't develop commercially. >> Senator, is that the
• </c> none of that land can be commercially none of that land can be commercially developed<00:11:21.600
• </c> interstate was going to be commercial interstate was going to be commercial development<00:11:42.560
• . commercially. commercially.

Bills: SB337 , HB520 , HB75 , SB337 , HB520 , HB75

Committee: Senate Education Policy

Keywords: SB337, Montgomery County, probate judge, judge of probate, county officer compensation, salary increase, circuit judge parity, local legislation, county commission, general fund, public official pay, judicial compensation, Montgomery County Legislation, discrimination, immunization, facial coverings, healthcare rights, religious convictions, civil rights, Attorney General

Transcript Highlights:

• So, this is for, like, is this for like public, like large commercial airplanes and then also private
• Under HB 2133, a commercial entity that knowingly and intentionally publishes, distributes, or allows
• Additionally, the commercial entity is required to maintain records of the verification for at least
• Thank you, Representative Garcia. and verification requirements for commercial entities that publish
• Additionally, the commercial entity is required to maintain records of the verification for at least

Summary: The caucus reviewed a long minority calendar covering a wide range of bills, with sponsors giving brief descriptions and members frequently raising concerns about constitutionality, cost, federal preemption, and policy impacts. Topics included medical intervention and vaccination/mask prohibitions, state treasurer investment rules, vacant state positions reporting, shooting range closure limits, congressional term limits, audit penalties, cellphone use while driving, procurement restrictions tied to China, air ambulance regulation, hospital immigration-status reporting, SNAP purchase restrictions, school assessment changes, school contract transparency, religious excusals from school, student contact information, fitness reporting, and several property tax, water, and agriculture measures. Members also discussed bills on AI-generated sexual material consent verification, DEI liability, hate-crime sentencing, commercial driver forfeiture tied to immigration status, speed-limiting devices for repeat speeding offenses, PFAS firefighting foam, name changes for sex offenders, abortion-inducing drugs, prisoner transition services, sexual extortion penalties, solar radiation management bans, and cultivated-cell food labeling and sales bans. Several bills drew explicit opposition or requests to pull them from consent, especially those affecting abortion access, immigration-related hospital reporting, school testing, religious release programs, DEI policies, and cultivated-cell foods. Members noted that some measures appeared duplicative, overly broad, or likely unconstitutional, and in multiple cases referenced prior vetoes or prior-year versions of the same bills. Supportive comments were also made on selected bills, including the PFAS foam prohibition, the assistive technology study committee, the digital goods consumer protection bill, and the prisoner transition services extension. The caucus also considered water and infrastructure measures, including brackish groundwater funding and studies, water augmentation authority bonds, Pima County water rates, groundwater transport rules, and HOA drought watering limits. Toward the end, members reviewed election-related memorials and resolutions, including a proposal to limit voting centers, a memorial urging withdrawal from the United Nations, and another urging defunding the IMF; all three were noted as being on consent and were pulled for further discussion. The meeting closed with announcements, including a note about a local missing-person concern and a caucus recognition program called the Affordable Arizona Award.

Transcript Highlights:

• This bill establishes a uniform, efficient process while maintaining proper oversight, and that's the
• safety amendments to be properly registered with the state fire marshal, amends the fire sprinkler uniform
• What it does is it says that social media companies have to come up, through coding or engineering, with

Summary: The Senate convened with opening prayer, the Pledge of Allegiance, and several recognitions and introductions, including guests from Miami Northwestern Senior High School, Clay County, and a moment of silence for Pope Francis. The chamber then took up a motion to reconsider the prior day’s failed vote on CS for SB 1080 (local government land regulation), which was adopted without objection, and moved into the special order calendar. A series of bills were debated and mostly passed, often after substituting House companions. Measures approved included funding for expedited DNA testing grants, additional aggravating factors in capital cases, fertility preservation coverage for cancer patients, commuter rail indemnification, migrant vessel disposition, specialty license plates, an Alzheimer’s and dementia awareness campaign, relocation of the Council on the Social Status of Black Men and Boys to Florida Memorial University, charter school changes, sexual offender registration updates, utility worker assault/battery penalties, juvenile justice revisions, student mental health outcome reporting, foster home licensure transfers, water access facilities, Florida Virtual School changes, school readiness resources for children with disabilities, sexual images/child exploitation penalties, tampering with electronic monitoring devices, certified recovery residences, the FSU Election Law Center, the Office of Faith and Community, and bonuses for county tax collector/property appraiser employees. Several bills were temporarily postponed, including measures on social media use by minors, veterans’ nursing homes, Parkinson’s disease, mental health and substance use disorders, education, educator preparation, benefits for certain officers injured in the line of duty, school social workers, and brownfields. Debate centered on public safety, health care access, education, recovery housing, and government administration. Some of the most substantive discussion came on the Office of Faith and Community bill, where an amendment to bar political activity by office staff was offered and defeated after extended debate over election-related communications and the proper scope of existing ethics laws. The certified recovery residences bill also drew extensive support and testimony about addiction recovery and housing stability. Most bills passed on strong bipartisan votes, with a few receiving notable opposition, including the charter schools bill, the aggravating factors bill, and the Office of Faith and Community bill.

Transcript Highlights:

• commercial real estate industry<00:08:29.199><c> is</c><00:08:29.520><c> suffering.
• She said it is true the government has a unique... so for a commercial property we'll talk so for a commercial
• </c> about uh a commercial high-end property. about uh a commercial high-end property.
• </c> well, which is, you know, the commercial well, which is, you know, the commercial business<00:21
• , commercial property business owners, commercial property owners<00:21:18.799><c> are</c><00:21:19.039

Keywords: 1183, house

Transcript Highlights:

• not just the fees for, we, we did not have the predatory fees that pop up with some of our, uh, commercial
• Every, um, jurisdiction has a different zoning code, first of all, and they're not all the same, so it's
• thank you for that, and I do, I think a lot of it is statutory, um, whether it's, I guess, building codeed
• development could be like $50 million and we have other gap financing in there or tax credits or commercial

Committee: House Mortgage Finance Authority Act Oversight Committee

Transcript Highlights:

• been working closely with the Massachusetts Commercial PACE program, where we just closed financing
• So enabling legislation for commercial paste or C-pace already existed. local job creation.
• How would you find out if it was a commercial entity? Yeah, how do you know?
• Because if it was a commercial entity purchasing a property or an individual family, well, if they own
• a hundred houses, commercial, but it's hard.

Committee: Joint Joint Committee on Revenue

Keywords: 995, all

Summary: The Joint Committee on Revenue held a hearing on several housing-related bills, with chairs Adrienne Madaro and James Eldridge framing the discussion as part of the Legislature’s broader response to the state’s housing crisis and noting that many of the bills build on the 2024 Affordable Homes Act. The chairs reviewed hearing procedures, including the three-minute oral testimony limit, the option to submit written testimony, and the hybrid format. No votes were taken during the hearing. Testimony began with support for H. 3278, a bill to create a graduated deed excise tax for affordable housing. Representative Worel argued that higher-end real estate transactions should contribute more to fund affordable housing production, saying the measure would not burden working families and would help address racial inequities in homeownership and displacement. Representative Soder then supported H. 3247, which would promote redevelopment of abandoned buildings through expanded tax incentives for renovating vacant properties for sale or rent, arguing that it would bring blighted units back into use and generate future tax revenue. The committee also heard testimony on H. 3040/S. 1969, residential improvement or R-PACE legislation. Robert Giles of Home Run Financing and Nicole Steele of Amalgamated Bank described the program as a voluntary, assessment-based financing tool that could help homeowners pay for energy efficiency, resilience, and other major repairs without upfront costs, and said it could complement existing Mass Save programs while expanding access to more homeowners. In contrast, Judith Lieben of the Massachusetts Law Reform Institute opposed H. 3039/S. 1946, the Housing Development Incentive Program bill, arguing it would expand subsidies for market-rate and luxury housing in Gateway Cities instead of directing resources to low-income renters. Representative Hawkins also testified in support of H. 3121, which would end large investor control of homes in Massachusetts by imposing an excise tax on large owners of small residential properties and using the revenue for first-time homebuyer down payment assistance. After testimony and a few member questions, the chairs asked whether anyone else wished to testify and then adjourned the hearing.

Transcript Highlights:

• We tried very hard to stay within the scope of Public Utility Code...
• We tried very hard to stay within the scope of Public Utility Code Section 719(c), which laid out the
• There should be a uniform response no matter the cause of a fire.

Summary: The Assembly Committee on Utilities and Energy held a hearing on the California Earthquake Authority’s SB 254 report and broader options for reforming California’s utility wildfire recovery system. The chair framed the discussion around the Palisades and Eaton fires, the scale of wildfire-related costs on utility bills, and the need to weigh trade-offs among survivors, ratepayers, utilities, insurers, and taxpayers. The first panel featured wildfire survivors William Abrams and Joy Chen, who described long delays in compensation, housing insecurity, and what they viewed as a system that protects utility shareholders more than victims. They urged greater transparency, clearer accountability for utility spending and safety performance, faster and fuller compensation for survivors, and reforms such as independent audits and better alignment of utility incentives with wildfire prevention and restitution. The second panel began with Tom Welsh of the California Earthquake Authority, who explained that the SB 254 report was intended as a broad inventory of policy pathways rather than recommendations. He described the report’s process, including stakeholder submissions, workstreams, and a convergence process, and outlined the current wildfire fund structure: utilities remain liable, the fund reimburses eligible claims after a covered wildfire, and the CPUC later determines prudency and possible reimbursement back to the fund. RAND’s Lloyd Dixon summarized compensation data, saying utilities paid about $38 billion between 2017 and 2024, with major shares going to injured parties, insurers, and public entities, while litigation costs and survivors’ own losses remain substantial. He noted that legal fees and delays reduce the amount survivors ultimately receive. Utility and public-interest witnesses offered differing views on the report’s pathways. PG&E’s Tyson Smith said the report shows inaction is the worst outcome and argued for community wildfire risk reduction, equitable allocation of catastrophe costs, and state-led resilience tools. LADWP’s Fernando Valero emphasized the vulnerability of municipal utilities and cities, and supported inverse condemnation reform, a state-sponsored liability insurance framework, damages and subrogation limits, and stronger insurance access. Consumer Attorneys of California’s John Fisk argued that IOU-caused fires are not natural disasters but the result of negligence and sometimes criminal conduct, and opposed reducing utility liability while supporting stronger oversight and audits. The Public Advocates Office’s Nathaniel Skinner focused on affordability, saying ratepayers already bear large and growing wildfire costs and warning against shifting more costs onto bills without measurable risk reduction and tighter accountability. Committee members then began questioning witnesses about what counts as measurable mitigation, how to define full and fair compensation, and how any fast-pay process should work.

Transcript Highlights:

• January 23rd, Senate Bill 5720, Uniform Debt Default Act, referred to the Committee on Rules.

Summary: The Senate met briefly and handled routine business, including approval of the previous day’s journal and referral of several bills and committee reports. Among the measures mentioned were SB 5720 (Uniform Debt Default Act), SB 6194 (allowing hospitals to refer to Ways and Means), SB 5931 (redirected to Rules), and SB 6294 (redirected to Ways and Means). The chamber also received messages from state officers and the House on several bills, including House-passed substitute SB 1066 and substitute HB 1187 and HB 1345. The main substantive action was adoption of Senate Resolution 8666, which recognized the University of Washington men’s soccer team for winning the 2025 NCAA championship, the program’s first. Senators spoke in support of the team’s achievement, highlighting the players’ Washington roots, the coaching staff, the team’s hard work, and the inspiration the championship provided. The resolution passed by voice vote. After adopting the resolution, the Senate welcomed members of the UW team and staff to the gallery and recognized them on the floor. No roll call vote was taken on the resolution, and the Senate adjourned until Monday, January 26.

Transcript Highlights:

• Natural gas skipped over commercial good residential. First residential is a large customer class.
• Honestly going back to commercial as you'll see on the side, we've got lodging, food service, health
• Also examples of our commercial markets in those commercial markets.
• So the 3.9% and commercial growth is that 1.2% So the 3.9% and commercial growth is that 1.2% that's
• So approximately commercial industrial and power gents.