Transcript Highlights:

• </c><00:03:34.959><c> Then</c> and makes this report possible. Then and makes this report possible.
• </c> uh the commission's financial uh the commission's financial statements.<00:04:25.600><c> Um</c><
• </c><00:04:37.120><c> results</c> present you with the financial results present you with the financial
• </c> even though we draft the financial even though we draft the financial statements,<00:09:45.920><
• </c> Um here we have some financial trends. Um here we have some financial trends.

Transcript Highlights:

• the definition of a financial exploitation scam.
• in conducting a financial transaction for personal gain.
• Senator Alon has moved to report House Bill 1166 favorably.
• Without objection, House Bill 917 will be reported favorably.
• Without objection, House Bill 1230 will be reported as amended.

Summary: The Senate Commerce Committee met on May 13 with a quorum present and approved the prior meeting minutes. The committee then heard and advanced a series of House bills, many of them described as modernization or consumer-protection measures. HB 555, as amended, expands the definition of financial exploitation under the Protection of Eligible Adults from Financial Exploitation Act, adds training and transaction-delay provisions for financial institutions, and was reported favorably after technical and substantive amendments. HB 1166 creates a disclosure form for vacant residential property transactions and was also reported favorably. HB 267, which changes how candidates for the Louisiana Board of Home Inspectors are submitted to the governor, and HB 1195, which updates rules and penalties for athletic contests, exhibitions, and sports-agent/NIL regulation, were each moved favorably without objection. The committee also advanced several licensing and regulatory bills. HB 917 modernizes life safety and property protection licensing by reducing burdens on some employees and moving to a three-year license cycle; it was reported favorably. HB 1230 overhauls Louisiana’s money transmission laws, replacing older statutes with a new framework for digital payments and stronger consumer protections; a technical amendment was adopted and the bill was reported as amended. HB 1103, described as opening Louisiana for business in certain commerce areas, was reported favorably. HB 478 requires utility bills to clearly label and reimburse overcharges within 90 days and was reported favorably. HB 1096 gives electric cooperatives an opt-out from a prior law allowing boards to amend bylaws without member approval, and HB 921 modernizes private security licensing while restoring penalties for unlicensed activity; both were reported favorably, with HB 921 amended. HB 548 adds CPA licensure pathways to help address shortages, especially in rural areas, and was also reported favorably. Several bills drew more extensive discussion. HB 670 would promote wood pellet manufacturing and related workforce development; supporters argued it could create jobs and help manage timber waste, while an opponent warned about pollution, environmental violations, and the risks of biomass facilities. Committee members raised concerns about permitting and environmental oversight, but the bill was ultimately reported favorably, with discussion of possible follow-up with DEQ. HB 259, dealing with BEAD broadband projects, extends notice requirements before excavation, requires coordination with utility operators, and addresses damage reimbursement; an amendment was adopted and the bill was reported as amended. HB 848 clarifies repair obligations for ATV and golf cart sellers, aiming to ensure consumers have meaningful repair access and to level the playing field between small dealers and big-box retailers; it was reported favorably after questions about enforcement and service requirements. The committee also heard HB 672 and HB 670 as economic-development measures tied to brick manufacturing and wood pellets, respectively, and both were moved favorably. At the end of the meeting, the chair announced that remaining bills would be carried over to the following week, and the committee adjourned.

Transcript Highlights:

• </c> and file a police report. and file a police report.
• We receive reports.
• Um we're also reporting hub. agencies. Um we're also reporting hub.
• , a police report.
• </c> report, a police report. report, a police report.

Summary: The committee held an informational briefing on fraud in the community, with presenters from ARP, CoinFlip, HPD, the Hawaii Bankers Association, DCCA’s Office of Consumer Protection, and the Department of Law Enforcement. The chair described widespread scams targeting kupuna and other residents, including impersonation of grandchildren, lottery/inheritance schemes, romance scams, online shopping fraud, investment scams, and tech-support scams. Members emphasized the emotional manipulation used by scammers, the difficulty of getting victims to report losses, and the need to educate the public on warning signs and available resources. ARP said scams are an epidemic and highlighted national data showing major losses among older adults, including $4.8 billion lost by people age 60 and over in 2024. ARP focused especially on cryptocurrency kiosks as a growing scam channel in Hawaii, citing 64 complaints totaling $922,000 in 2024 and noting that complaints nearly doubled from the prior year. ARP urged stronger safeguards such as limits on transactions, refunds, live customer support, and a law-enforcement contact for operators, and said its Fraud Watch Network can help victims freeze credit, identify next steps, and track current scams. The chair said he intends to introduce legislation to lower and ultimately eliminate the amount of Bitcoin that can be purchased through ATMs. CoinFlip said it supports consumer-protection regulation and described its compliance practices, including scam warning screens, anti-money-laundering controls, blockchain analytics, wallet pinning, transaction monitoring, and cooperation with law enforcement. The company said it is registered as a money services business, files suspicious activity and currency transaction reports, and holds money transmitter licenses in many jurisdictions. It also pointed to Illinois-style refund protections for new users and said it refunds fees to scam victims, though not the underlying funds. In response to committee questions, members and the company discussed whether crypto kiosks are necessary, how scams can be traced, and whether banks and kiosks can better intervene when suspicious activity is detected.

Transcript Highlights:

• By your vote, Senate Bill 1000 is reported favorably.
• Yes, and by our vote, Senate Bill 684 is reported favorably. Thank you.
• Yes, and by our vote, C.S. for SB 158, is reported favor. Thanks, Chair.
• SB 1452 is reported favorably. Next, we'll take up Tab 13. Mr.
• Yes, and by your vote, Senate Bill 1706 is reported favorably.

Bills: S0158 , S0314 , S0618 , S0684 , S0838 , S0990 , S1000 , S1082 , S1452 , S1494 , S1500 , S1568 , S1706

Committee: Senate Banking and Insurance

Summary: The Banking and Insurance Committee heard and advanced a wide range of insurance, financial services, and probate bills. Early in the meeting, SB 1000 on trust fund interest for attorney trust accounts was explained as setting a floor and ceiling tied to the Wall Street Journal prime rate and was reported favorably. The committee then took up CS/SB 1082 on a statewide provider and health plan claim dispute resolution program for emergency out-of-network claims. After extensive discussion about the relationship between the state and federal No Surprises Act processes, an amendment was withdrawn due to concerns about clarity and scope, but the bill itself was supported by providers and insurers and was reported favorably. The committee also approved SB 684 on electronic signatures for total loss vehicles and vessels, CS/SB 158 on pet insurance consumer disclosures and agent education, SB 1494 expanding breast cancer screening coverage, CS/SB 314 on digital assets and stablecoin issuers, and CS/SB 1500 on uncontested probate procedures and small-estate administration. SB 618 on workers’ compensation insurance was amended to raise the consent-to-rate cap for workers’ compensation policies from 10% to 20% and then reported favorably, with supporters saying it would help keep higher-risk employers in the voluntary market. CS/SB 1568 creating a Florida Stablecoin Pilot Program was amended to remove authority for a Florida coin and limit the program to existing stablecoins, then passed. Later, the committee approved CS/SB 838 on electronic payment convenience fees for retail installment contracts, with the sponsor emphasizing that a fee-free payment option must still be offered. SB 1452, the Department of Financial Services agency bill, was amended and reported favorably; it covered My Safe Florida Home administration, insurance and licensing changes, unclaimed property updates, and other DFS-related provisions. The committee also passed SB 1706 on the My Safe Florida Condominium Pilot Program, targeting owner-occupied condominiums at or below 80% of area median income, and SB 990 on protected cell captive insurance companies, which supporters said would modernize Florida’s captive insurance laws and encourage more competition. The meeting ended with all listed bills reported favorably and the committee adjourned.

Transcript Highlights:

• And I know you had a previous report.
• As part of our next steps, it's taking this report, and I know you had a previous report.
• As part of our next steps, it's taking this report, and I know you had a previous report.
• As part of our next steps, it's taking this report, and I know you had a previous report.
• reported, like, you know, you report these to these teachers or people that are supposed to be in authority

Summary: The task force met to review work under HCR 86 on African American suicide prevention, with members introducing themselves and approving the prior meeting minutes. Dr. Williams summarized survey-based findings from 94 university student respondents, explaining that the study focused on warning signs and triggers rather than suicide behaviors themselves. He said financial stress, stigma, and lack of institutional ownership were major themes, and argued that Louisiana needs mandatory reporting and broader suicide data collection because universities and other institutions often avoid reporting incidents, especially those occurring off campus. Dr. Thomas described current and potential prevention strategies, including gatekeeper trainings, 988 outreach, postvention policies, student-facing information on mental health resources, and adding 988 to student IDs. She also noted that the Office of Public Health already serves as a suicide data hub with real-time and death data, and should be included in any centralized reporting discussion. Members discussed how to balance new mandates with university concerns, with several agreeing that legislation is needed but should be developed with input from the Board of Regents and university leadership. The task force reviewed recommendations in the report, including a Louisiana Suicide Prevention Data Act, a centralized data hub, incentive-based reporting for colleges, modernization of the 2018 suicide prevention law, and possible tax credits or other incentives. Dr. McKee suggested that any reporting requirement should be framed to fit existing professional obligations and that training requirements for licensees could be added. The chair asked that revised recommendations and examples from other states be circulated before February 1, with the final report updated to say “confidential unless otherwise required by law.” No public comments were offered, and the meeting adjourned after the chair said he and Senator Boudreaux would consider legislation and, if needed, a resolution to extend the task force.

Transcript Highlights:

• So this is the report of all the reports that we have. It's the report of the reports. No, no, no.
• reports.
• and that's why this report of reports is helpful.
• I can't tell you I read the report on the reports, but I'm happy to report about it later to you.
• This report of reports is all in one place.

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

Committee: House Delivery of Government Efficiency

Transcript Highlights:

• The Financial Surveillance Branch monitors insurers' financial condition through financial exams and
• These examinations review the accuracy of insurers' financial reporting and insurance compliance with
• In these examinations, we review the accuracy of insurers' financial reporting and insurance compliance
• Financial reporting is critical to ensuring that insurers' financial statements are correct and in compliance
• We have the financial solvency component to these financial examinations.

Summary: The committee heard three major insurance-related bills. SB 1209 by Senator Allen would give the Insurance Commissioner new authority to require insurers to implement corrective actions found in market conduct and financial exams, with penalties for failure to comply. Supporters, including Commissioner Ricardo Lara and his deputies, said current law leaves CDI without a direct way to compel remediation of repeated violations or obtain needed financial information, while opponents argued the bill expands CDI authority too far, could duplicate existing penalties, and should be limited to legal violations rather than recommendations. After discussion, members and the author agreed to narrow the bill through amendments, including tying it to legal violations, applying penalties per exam rather than per policy, and clarifying accounting language; the committee then passed the bill 5-1 to Appropriations, with one member on call. SB 1301, also by Senator Allen, would reform residential property insurance non-renewals by requiring clearer written explanations, giving homeowners a chance to mitigate correctable issues, and prohibiting certain unfair non-renewal bases such as claims below deductible or claims not paid by the insurer. The author and supporters said Californians face unusually high non-renewal rates and often receive vague notices that make it hard to keep coverage, while opponents warned the bill’s original 180-day notice period and reporting requirements were too burdensome and could worsen availability. Senator Richardson said he would support the bill after the author agreed to reduce the notice period to about three months and continue working on a mitigation-based process; the committee then approved the bill 4-1, with one member on call. The committee also considered SB 1026 by Senator Gonzalez, which would strengthen regulation of bail fugitive recovery agents by allowing CDI to suspend or revoke licenses without a criminal conviction, expanding prohibited conduct, and tightening insurance and appointment requirements. Supporters, including Commissioner Lara, said the 2022 licensing law left loopholes that allow misconduct to continue and that the bill would improve public safety and accountability. Opponents from the bail industry and crime victims groups argued the bill requires unavailable or impractical insurance coverage, including coverage for willful acts, and could reduce the number of recovery agents and delay justice. Members raised concerns about the insurance language and availability, and the author said the bill was still being worked on with opposition; the committee passed it 4-1, with one member on call. Finally, the committee heard SB 982 by Senator Wiener, the Affordable Insurance and Recovery Act, which would let the Attorney General seek recovery from fossil fuel companies for climate-related costs affecting the Fair Plan and private policyholders. The author said Californians are paying rising insurance and disaster costs while fossil fuel companies that contributed to climate change are not, and witnesses from flood and wildfire communities and climate policy experts supported the bill as a way to fund recovery and resilience. Opponents, including business and labor representatives, argued the bill would impose broad liability, invite litigation, and harm jobs and energy affordability. The hearing included extensive testimony, but no vote was taken on SB 982 in the portion provided.

Transcript Highlights:

• Last month, the report from CHIA showed that access to primary care is eroding Last month, a report from
• So they're all somehow financially and otherwise interrelated.
• Can you recommend a study or report that we could look at?
• These financial challenges have resulted in reduced access for patients, with 83% of health centers reporting
• So we're asking that you respectfully report out favorably, report out, so this will allow pharmacies

Committee: Joint Joint Committee on Financial Services

Summary: The committee held a lengthy hearing on a large docket of pharmacy and drug-pricing bills, with most testimony focused on PBM reform, 340B drug discount program protections, specialty medication access, and medication adherence. Chair James Murphy and Senator Paul Feeney opened the hearing and took testimony from legislators, patient advocates, pharmacists, health center leaders, industry representatives, and policy groups. Several speakers described delays, denials, high out-of-pocket costs, and pharmacy closures tied to PBM practices, while others emphasized the importance of community health centers and independent pharmacies in serving patients. On the 340B program, supporters including Senator Eldridge, Senator Payano, Community Care Cooperative, Fenway Health, the Massachusetts League of Community Health Centers, and several community health center leaders argued that bills such as H. 1107 and S. 819 would stop discriminatory PBM and manufacturer practices, preserve contract pharmacy access, and protect safety-net providers that say they reinvest savings into care, pharmacy expansion, interpreter services, behavioral health, and other services. Opponents including PhRMA, the Community Liver Alliance, and a public policy analyst argued the program lacks transparency and accountability, has grown beyond its original purpose, and may benefit large hospitals and for-profit entities more than low-income patients. They urged more reporting and oversight rather than expanding protections. On PBM reform, testimony supported bills including H. 1157, H. 1234, S. 724, S. 831, and related measures that would require rebate pass-through, ban spread pricing, limit steering to PBM-owned pharmacies, and improve reimbursement for community pharmacies. Independent pharmacists and patients said current PBM practices raise costs, create administrative burdens, and threaten access to local pharmacies. PCMA, representing PBMs, opposed the reforms, arguing PBMs lower costs, that plan sponsors choose to contract with them, and that the Health Policy Commission and CHIA should complete their ongoing study before new mandates are adopted. The committee also heard support for H. 1322 and S. 734 on specialty medications, and for H. 781 and H. 1305 on medication synchronization to improve adherence. No votes or formal actions were taken during the hearing.

Transcript Highlights:

• The Committee on Pensions, Investments, and Financial Services will come to order.
• Texas has taken the lead on tackling organized financial fraud.
• They were reading off, on a three-way call, the financial information.
• Million in assets report every six years.
• reports to provide enhanced consistency and predictability.

Bills: HB3014 , HB3109 , HB3126 , HB3474 , HB3594

Committee: House Pensions, Investments & Financial Services

Transcript Highlights:

• It's reported to the full Senate.
• My specialty is financial crime, especially fraud.
• Eighty percent of the people that are self-reporting scams are reporting on the same day of the transaction
• It also makes financial sense for residents.
• ACAAA report, Senator Johnson, Texas is 36th.

Bills: SB383 , SB1012 , SB1181 , SB1705 , SB2075 , SB2221 , SB2586 , SB2864 , SB2994

Committee: Senate Business & Commerce

Transcript Highlights:

• And again, we'll get, you know, in the bill we get reports, Speaker gets reports, we get reports that
• Part of the report, part of the advisory... ...you know, part of the report, part of the advisory council
• So what's happening is insurance companies are reporting, still having to report, according to statute
• , on these AOBs and they're filing zero reports.
• We have seen firsthand how reports go missing at OIR that could have...” “...how reports go missing at

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 this funding is fully distinct from other state financial aid programs.
• I do have it in a report on the back end, but I'll get that to you.
• and apply for financial aid without having to complete a secondary application for Passport.
• It also amends the definition of financial need in Passport to Careers to reference a U.S.
• state financial aid fraud by December 2027.

Summary: The Senate Higher Education and Workforce Development Committee began with a work session presentation from the Washington Student Achievement Council on the Passport to Careers Program. Staff explained that Passport serves youth who experienced foster care at age 13 or later or unaccompanied homelessness, and that the program provides scholarships and campus support services for college, apprenticeship, and pre-apprenticeship pathways. WASAC said the program is a national model because it uses data-sharing agreements to identify eligible students automatically, is funded by the state, and partners with the College Success Foundation and campus networks to provide support. Officials reported that about 2,000 students will be served in 2025-26, with awards capped at $2,000, and cited an evaluation finding that 31% of participants graduate within eight years, compared with much lower rates for similarly situated students outside the program. Committee members asked about graduation rates for all students, the share of Passport students who are parents, how unaccompanied homelessness is identified, where campus support staff are housed, and how funding is used. WASAC said most students are single without children, unaccompanied homeless youth are identified through McKinney-Vento liaisons, and campus support structures vary by institution. Staff also described how the program has grown 131% since unaccompanied homeless youth became eligible in 2019, while appropriations have remained around $7 million annually, forcing reductions in the maximum scholarship award from $5,000 in 2023-24 to $2,800 and then $2,000 in 2025-26. Officials emphasized that students still face significant unmet need and that campus support funds are often used for basic needs, academic support, and emergency aid. The committee then moved through executive session on several bills and advanced each one with a do pass recommendation to Ways and Means. The bills included SB 5826 on medication abortion access at public postsecondary institutions, SB 5828 on Washington College Grant and College Bound Scholarship awards at private four-year institutions, SB 5909 on low-enrollment undergraduate programs, SB 5931 on WIA board co-chair terms and dashboard requirements, SB 5954 on tuition waivers for certain veteran dependents and survivors, SB 5963 on Passport to Careers funding and eligibility changes, SB 6082 on a state financial aid fraud performance audit, and SB 6090 establishing the Heritage Orchard Program at Washington State University. The committee adopted the proposed substitute for SB 5931 before passing it, and all measures were reported out subject to signatures.

Transcript Highlights:

• On page 18, the report discusses how San Juan College reported that it would use a nursing endowment
• Reports are produced by the foundations and colleges regarding their financial statements, but we don't
• In looking for that data, the FTE data in financial reports of actuals and in operating budgets, the
• So, a recommendation within this report that we haven't yet talked about is strengthening the FTE reporting
• within operating budgets and financial reports of actuals.

Committee: House Legislative Health & Human Services Committee

Transcript Highlights:

• The Financial Surveillance Branch monitors insurers' financial condition through financial exams and
• These examinations review the accuracy of insurers' financial reporting and insurance compliance with
• In these examinations, we review the accuracy of insurers' financial reporting and insurers' compliance
• Financial reporting is critical to ensuring that insurance financial statements are correct and in compliance
• We have the financial solvency component to these financial examinations.

Committee: Senate Insurance

Summary: The committee heard testimony on several insurance-related bills. SB 1209 by Senator Allen, sponsored by Insurance Commissioner Ricardo Lara, would give the Department of Insurance stronger enforcement tools when insurers fail to implement corrective actions identified in market conduct or financial examinations. Supporters said the bill would close gaps that allow repeated violations, improve solvency oversight, and protect policyholders; opponents argued CDI already has broad authority and raised concerns about duplicative penalties, due process, and the bill’s scope. Members discussed amendments to limit the bill to legal violations rather than recommendations, apply penalties per exam rather than per policy, and clarify accounting language. The committee voted to send SB 1209 to Appropriations, with the bill placed on call after a roll vote that included one no vote from Senator Niello. The committee also considered SB 1301, which would require more detailed non-renewal notices for residential property insurance, give policyholders time and information to address correctable issues, and restrict certain non-renewal reasons such as claims below deductible or not covered by the policy. Support came from homeowners, fire survivors, and consumer groups who said notices are often vague and leave families unable to keep coverage; insurers opposed the bill, warning that California’s notice period is already among the longest in the country and that the bill could worsen availability and add burdensome reporting requirements. The author said he was willing to reduce the notice period from 180 days to about three months and work on a mitigation-based process. The committee passed the bill to Appropriations, with Senator Niello voting no and the item placed on call. SB 1026 by Senator Gonzalez would tighten regulation of bail fugitive recovery agents by allowing the Department of Insurance to suspend or revoke licenses without a criminal conviction, adding conduct restrictions, and requiring continuous liability coverage and proper appointment notices. Supporters, including Commissioner Lara, said the bill addresses serious misconduct and loopholes that have led to unsafe conduct and weak oversight. Bail industry representatives and crime victims’ advocates opposed the measure, arguing that the required insurance coverage is unavailable or unlawful as written, that the bill would be hard to comply with, and that it could reduce the number of recovery agents and delay justice. The committee moved SB 1026 to Appropriations, with Senator Niello voting no and the bill placed on call. The committee then heard SB 982 by Senator Wiener, the Affordable Insurance and Recovery Act, which would authorize the Attorney General to sue fossil fuel companies to recover costs tied to climate disasters and insurance losses, with supporters framing it as a way to shift some climate-related costs away from policyholders and taxpayers. The author said amendments would remove retroactivity and delay liability until 2032, while supporters from flood and wildfire survivor groups and climate organizations said the bill would help fund recovery and stabilize insurance costs. Opponents from industry and building trades argued the bill was legally vulnerable, would create a de facto tax or liability scheme, and could harm jobs, energy production, and affordability. Testimony on SB 982 was extensive, but the transcript ends before any committee vote or final action on that bill.

Transcript Highlights:

• HB 139, and reported favorably.
• Miss Kimberly members by your vote will show 995 HB 427 reported favorably.
• How will the rate transparency report help consumers? >> You're recognized.
• By your vote, HB 767 is reported favorably. Thank you.
• Me by your vote will show HB 767, reported 1299 favorably. Thank you.

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:

• As a result, my mother faced financial obligations and court-imposed financial requirements totaling
• And I had to report it as a mandated reporter.
• I reported her to APS, and we were fired two days later after reporting. Okay, just hold on.
• So you reported the individual—his wife?
• So you reported that to his guardian?

Committee: Senate Senate Ad Hoc Committee on Elder Abuse

Transcript Highlights:

• So if you're within my voice and you're a member of the Budget Committee, please report to Room 1200
• And then looked at other ratios, other financial ratios, too, including your margins.
• So that would include Criteria: We are asking for specified financial statements.
• So that would include the last audited report, as well as internal recent month-closed financial statements
• There are many hospitals who are not in this dire financial distress.

Committee: Senate Budget and Fiscal Review

Transcript Highlights:

• Some providers report the payment history to credit reporting bureaus, but not all of them do.
• Most of them are non-white, and most have challenging financial lives characterized by financial disruptions
• And some providers report to the payment history to credit reporting bureaus, but not all of them do.
• And most have challenging financial lives characterized by financial disruptions or use of other financial
• able to access financial support.

Committee: House Consumer Protection & Business

Transcript Highlights:

• Yes, and by your vote, please show CS for SB 800 reported favorably.
• And by your vote, please show CS for Senate Bill 576 reported favorably.
• Bill 1078 reported favorably.
• It also adds cybersecurity reporting for financial institutions, and this bill conforms public records
• And by your vote, please show CS for Senate Bill 1440 reported favorably.

Summary: The Appropriations Committee on Agriculture, Environment, and General Government heard and reported favorably several bills. CS/SB 800 would increase penalties for repeated unlicensed engineering practice and create an engineering student loan assistance program funded by licensure fees and fines; Senator Sharif asked about restitution for victims, and the sponsor said the bill does not create a reimbursement mechanism. CS/SB 576 would create a local government cybersecurity protection program administered by Florida Digital Service, with state purchasing support, grant access, and data-sharing requirements; local government and cybersecurity groups waived in support. CS/SB 1078 would establish transition procedures between gubernatorial administrations, including liaisons, briefing books, office space, IT access, and access to agency records under a signed confidentiality agreement. The committee also reported favorably CS/SB 314 on payment stablecoin issuers, CS/SB 530 updating lottery operations and security rules, CS/SB 1614 giving JAC/LAC-related audit findings more enforcement effect for local governments seeking state funds, SB 990 authorizing protective cell captive insurance companies, SB 1588 beginning implementation of the prior gold-and-silver legal tender law, CS/SB 1440 adding cybersecurity-related exemptions and reporting provisions for financial institutions, and CS/SB 1568 creating a stablecoin pilot program for DFS fee payments. Several bills had support testimony from state agencies and industry groups, and some included technical or guardrail amendments that were adopted without objection. The committee also received a budget overview highlighting major funding items, including more than $350 million for Florida Forever, $738 million for Everglades restoration, more than $500 million for water quality projects outside the Everglades, $60 million for Farmers Feeding Florida, and more than $250 million for citrus recovery. Members asked questions about school lunch funding, state park improvements, land acquisition, water quality funding, gaming enforcement offices, and staffing for PERC. After the bills and budget discussion, members recorded a few affirmative votes on selected tabs, and the committee adjourned.

Transcript Highlights:

• I'm able to attend university because of our state's financial aid program.
• And immigrants, students, and apply for the state financial aid with fair, when financial aid is secure
• A report is due by January 31, 2027.
• I move that House Bill 2441 be reported out of committee with a do pass recommendation.
• Will all members wishing to report this bill, which is 24.

Summary: The committee heard public testimony on House Bill 2073, which would require nonprofit health carriers with surplus above 600% of risk-based capital to pay 3% of the excess to support the Cascade Care Savings premium assistance program. Committee staff said the bill could generate about $80 million in FY 2027 based on 2024 surplus data, while carriers and business groups argued their reserves are needed to pay claims, manage risk, and avoid premium increases. Supporters said the bill would redirect consumer-funded surplus to help Washingtonians afford coverage, especially as federal subsidies expire. No action was taken on the bill during the hearing. The committee then heard House Bill 2132, which limits disclosure and retention of personally identifying and financial information in WASFA applications. Staff explained the bill would exempt WASFA records from public disclosure, restrict sharing to narrow purposes, and shorten retention periods, with significant fiscal impacts tied to purging records and updating data-sharing practices. Student and advocacy testimony strongly supported the bill as a privacy and safety measure for immigrant and mixed-status students. The committee also heard House Bill 2403, which lowers the penalty for failure to register as a sex offender and adds community custody and DOC supervision; public defense supported it as a cost-saving, consensus reform, and staff projected DOC savings. House Bill 2587 was also heard, creating a Commerce pilot to provide limited advance grant funding to eligible nonprofits; supporters said it would help smaller nonprofits manage reimbursement-based contracts, while staff estimated indeterminate but potentially significant administrative costs. The committee heard House Bill 2607, which would require DCYF to periodically rebase child care subsidy rate regions to better reflect local cost differences. Supporters from Benton and Franklin counties said current regional rates are outdated and unfairly low in fast-growing areas; staff said the fiscal impact was indeterminate. The committee then moved into possible executive session on several bills. Second Substitute House Bill 1170, dealing with generative AI disclosures and provenance tools, was amended and ultimately passed out of committee on an 18-9 vote after all proposed amendments were rejected. Substitute House Bill 1570 was amended to narrow its scope to Western Washington University and then passed out of committee on a 17-9 vote. The committee also began action on proposed Third Substitute House Bill 1710, which would create a state pre-clearance requirement under the Washington Voting Rights Act, but the transcript cuts off during consideration of amendments to that bill.