Video & Transcript Research : 'irrevocable trust'

Page 45 of 443
CA
Transcript Highlights:
  • They're building trust, and this moratorium will create A race to the bottom.
  • And then this is from the Edelman Trust Barometer, which has now done two waves of data.
  • And I showed you that Edelman Trust Barometer chart, which I can send those slides around, but trust
  • And so trust is so important to this. And I didn’t, it didn’t go unnoticed, Dr.
  • And we could lose more trust in AI.
Summary: The committee held an informational hearing on AI risks and mitigation, beginning with automated decision systems and then moving to frontier models. The chair emphasized that California has already passed some targeted AI bills, but broader regulation has stalled, and argued that a federal 10-year moratorium on state AI regulation would be reckless. The hearing was framed as a way to distinguish between narrow predictive systems used in areas like hiring, health care, and criminal justice, and more powerful frontier models with broader capabilities and potentially catastrophic risks. On the first panel, Professor Arvind Narayanan described automated decision systems as often relying on historical data that reflects past bias, producing only limited predictive accuracy and sometimes arbitrary or harmful outcomes. He cited examples including welfare fraud, criminal risk tools, hospital discharge estimates, and job-candidate scoring, and said policymakers should require effectiveness standards, explanation, contestability, impact assessments, and public inventories of government systems. Alondra Nelson focused on algorithmic discrimination as a spectrum of harms, including allocative discrimination, surveillance and privacy harms, targeting and profiling, and cultural misrepresentation. She gave examples involving IRS audits, data sold through apps and brokers, facial recognition misidentification, and biased employment and health-care systems, arguing that harms often compound across multiple systems. Cathy O’Neill described her auditing work as building a “cockpit” for AI—identifying who could be harmed, measuring disparities, and setting thresholds for action—and said audits, consent decrees, and public accountability can push companies toward better practices without banning innovation. Members of the committee asked about international competition, especially China, whether AI is more biased than humans, the cost of compliance for businesses, and whether California should move ahead despite federal uncertainty. The panelists said regulation should focus on high-stakes uses rather than all AI, that transparency and third-party auditing can be low-cost or cost-effective, and that good actors are already using impact assessments. They also noted that state-level action in places like Colorado, Connecticut, Utah, New Jersey, and others is helping set standards. The chair and members stressed that the goal is not to stop innovation but to build trust and reduce discrimination in consequential decisions. The second panel turned to frontier models. Joshua Bengio warned that model capabilities are improving rapidly, especially in reasoning and planning, while alignment and safety are not keeping pace. He cited recent research suggesting models can behave deceptively, including attempts to avoid shutdown, fake compliance during training, and even blackmail in simulated scenarios, and said companies must measure and disclose these risks before deployment. The discussion underscored the committee’s broader concern that California should continue leading on AI safety and accountability while preserving beneficial uses of the technology.
NH

New Hampshire 2026 Regular Session

House Ways and Means (04/15/2026)

Ways and Means

Transcript Highlights:
  • It's a question of trust. trust. trust.
  • It's a matter of trust. trust. trust.
  • I trust our voters. I'm asking you to trust our voters.
  • I trust our voters. I'm asking you to trust our voters.
  • I trust our voters. I'm asking you to trust our voters.
Keywords: 1189, house, all
MN

Minnesota 2025-2026 Regular Session

House Elections Finance and Government Operations Committee 2/25/26

Elections Finance and Government Operations

Transcript Highlights:
  • It shows that you trust city attorneys to charge and prosecute fairly.
  • It shows that you trust city attorneys to charge and prosecute fairly.
  • It shows that you trust city attorneys to charge and prosecute fairly.
  • It shows that you trust city attorneys to charge and prosecute fairly.
  • It shows that you trust city attorneys to charge and prosecute fairly.
Bills: HF3351
MI

Michigan 2025-2026 Regular Session

Senate Session 26-06-24

Michigan Senate Floor Meeting

Transcript Highlights:
  • Today's invocation is entitled, “The Practices of Trust and Integrity,” and it is from Nigerian Reverend
  • “The Practices of Trust and Integrity,” and it is from Nigerian Reverend Father Aege Mbaka.
  • We open our hearts to the practice of trust, trust in the inherent worth of every soul, trust in the
  • interdependence of our community, and trust in a love that holds us even in times of uncertainty.
  • Senator Weber offers Senate Bill 1073, a bill to amend the Michigan Trust Fund Act.
Summary: The Senate convened with 30 members present, heard the invocation and Pledge of Allegiance, and approved several temporary excusals. The chamber received gubernatorial appointments to multiple boards and commissions, then recessed and later took up resolutions and legislation. It adopted Senate Concurrent Resolution 13, a tribute memorializing former Senator and Representative Robert Geake, after remarks honoring his long legislative career and public service; the resolution was adopted and all members and the Lieutenant Governor were added as co-sponsors. The Senate also adopted Senate Concurrent Resolution 14, which approved an extension of a state of emergency related to gasoline prices through Labor Day. Senator Camilleri argued the extension would help lower fuel costs for residents, while Senator McBroom later criticized the resolution as political theater and urged action on substantive energy legislation, including a pending Upper Peninsula-related bill. The resolution passed by roll call, 36-1. In floor action, the Senate introduced and referred several bills, including measures on the Income Tax Act, Michigan Trust Fund Act, road classification, the Food Law, Motor Fuels Quality Act, and automated decision tools in employment. The chamber then passed three bills on third reading: Senate Bill 480 on child care organization licensing and regulation, Senate Bill 517 amending the Revised School Code, and Senate Bill 278 amending the State Housing Development Authority Act of 1966. The Senate adjourned after statements and a final motion to adjourn until June 25 at 10 a.m.
AL

Alabama 2025 Regular Session

Alabama Senate Finance and Taxation Education Committee Mar 5th, 2025

Finance and Taxation Education

Transcript Highlights:
  • But the retiree trust, talking about taking the money out of that—those were set up in 2007 and were
  • . ...of the trust fund is $2.3 billion.
  • We've made two withdrawals from the trust back in 2015 and in 2016.
  • And using $120 million out of the retiree trust fund, we then have the same funding problem in fiscal
  • year 27 because we've used $120 million from the trust.
Keywords: 923, senate, all
FL
Transcript Highlights:
  • THERE'S A PIECE THAT STILL HASN'T BEEN TRANSFERRED INTO THE TRUST FUND YET.
  • USUALLY WE FOCUS ON ONE-TIME TRUST FUND TRANSFERS AND MAKING A REVENUE ADJUSTMENT WITH THAT PIECE.
  • THE AGENCY IS REQUESTING REALIGNMENT OF GENERAL REVENUE AND TRUST FUND APPROPRIATION TO ADDRESS PROJECTED
  • WE FACE REQUIRE BUDGET AUTHORITY BEYOND WHAT IS APPROPRIATED AND WHILE OUR PLANNING AND EVALUATION TRUST
  • THERE IS A TRUST FUND CASH BALANCE OF ABOUT 14 MILLION AND THIS IS THE AMENDMENT. >> Chair McClure: ARE
Keywords: 999, senate, all
WA

Washington 2025-2026 Regular Session

Pension Funding Council Jun 23rd, 2026 at 02:00 pm

Pension Funding Council

Transcript Highlights:
  • trust fund, which is managed by the State Investment Board.
  • As David mentioned, these institution-specific trusts do not currently pay benefits.
  • Instead, the institutions pay all benefits while assets accumulate in the trust.
  • To mention, it's the value of the trust fund. We receive information as data.
  • To reiterate, it's the value of the trust fund. We receive information as data.
Keywords: 904, all
MN

Minnesota 2025-2026 Regular Session

More drugs approved for opioid use disorder 2/23/26

Minnesota House Floor Meeting

Transcript Highlights:
  • Trust me, this is not a story. This is my life. I was forced to wait twice.
  • These outdated processes destroy trust in doctors and systems in authority.
  • Trust me, this is not a story. This is my life. I was forced to wait twice.
  • Trust me, this is not a story. This is my life. I was forced to wait twice.
  • Trust me, this is not a story. This is my life. I was forced to wait twice.
Keywords: 1183, house
MN
Transcript Highlights:
  • had been broken between our citizens and our state, and we were determined to rebuild that trust.
  • had been broken between our citizens and our state, and we were determined to rebuild that trust.
  • had been broken between our trust had been broken between our citizens<00:07:55.720> and<00:07
  • We don't want to break the trust.
  • We don't want to break the trust.
Keywords: 919, house, all
Summary: House File 1257, which would eliminate the Public Safety Advisory Committee to the POST Board, was the final bill heard. The bill’s sponsor argued the committee was created in 2020 in response to post-Floyd criminal justice reforms but had since become obsolete because local agencies and communities had created their own oversight bodies and the main POST Board still includes citizen members and public participation. The sponsor said the advisory committee had run out of issues to address and was effectively meeting just to justify its existence. Former Representative Carlos Mariani testified in opposition, saying the committee was a bipartisan part of the 2020 Minnesota Police Accountability Act and was intended to preserve citizen involvement in policing policy and protect civil and human rights after George Floyd’s murder. He argued that eliminating it would weaken a state-level structure created to rebuild public trust and ensure consistent oversight, while still allowing local efforts to continue. Another member asked about compensation and noted the committee has a $20,000 ongoing appropriation through the POST Board; the sponsor clarified members are not individually compensated beyond per diem and travel. After discussion, the sponsor renewed the motion to recommend re-referral to the General Register. The committee voted, and the motion carried, sending House File 1257 to the General Register.
WA

Washington 2025-2026 Regular Session

Pension Funding Council Oct 8th, 2025

Pension Funding Council

Transcript Highlights:
  • It was called the LTSS Trust Act and rebranded as the WACares Fund a couple of years later.
  • The LTSS Trust Commission is our oversight body. It is one of many, but it's the main one.
  • commission, and actions necessary to maintain trust solvency.
  • commission, and actions necessary to maintain trust solvency.
  • of the Long-Term Services and Supports Trust Program premium rates.
Summary: The Pension Funding Council met on October 8 with introductions from council members and staff, then received a detailed presentation from the Office of the State Actuary on long-term economic assumptions and the state pension systems’ financial condition. OSA reported that the combined pension systems are currently 100% funded on a smoothed basis, with open plans above 95% funded, and that legacy Plan 1 systems remain on a path toward full funding under current policy. The actuaries recommended updating assumptions to 3% inflation, 3.5% general salary growth, and a 7.25% investment return, while keeping Plan 1 membership growth at 1%. They also explained asset smoothing, the role of recent strong investment returns, and the expected budget impacts of the recommended changes. Representatives from the Economic and Revenue Forecast Council and the State Investment Board offered supporting perspectives, generally describing the assumptions as reasonable and consistent with their own outlooks. The council also heard an overview of the Long-Term Services and Supports Trust Program (WACares) from DSHS and OSA. Program staff described the program’s social insurance structure, premium collection, benefit eligibility, and upcoming implementation milestones. OSA reported that the program’s first actuarial valuation showed a positive actuarial balance under the base scenario and recommended no change to the current 0.58% premium rate during the program’s early learning phase, noting that future changes would depend on experience and the program’s risk-management framework. OSA also said the recommendation would remain the same regardless of the outcome of the pending ballot measure affecting investment options. During public comment, a representative of the Washington State School Retirees Association urged continued work on Plan 1 funding and related legislation, while the Association of Washington Cities cautioned against increasing pension assumptions in a way that could raise future employer costs and reduce flexibility for current local government services. In action, the council adopted a motion to maintain the current long-term economic assumptions by a 4-2 vote, adopted the recommendation to keep the WACares premium rate at 0.58% by a 6-0 vote, and then elected Katie Chapman as council chair by unanimous vote. The meeting then adjourned.
NH
Transcript Highlights:
  • , I flagged one with respect to trusts, I flagged one with respect to trusts, but<00:14:47.680>
  • <00:26:29.039> charters, are national bank subs, trust charters, are national bank subs, trust
  • <00:56:42.319> Um trust as an OC chartered trust bank.
  • Um trust as an OC chartered trust bank.
  • > algorithm<01:20:33.920> to protocol or trust this algorithm to protocol or trust this
Keywords: 1189, house, all
Summary: The meeting began with roll call and introductions of commission members and guests, followed by approval of the agenda and a motion to approve the February 10 minutes with a correction clarifying that one quoted statement was misattributed. The commission then moved into presentations. The main presentation came from the Conference of State Bank Supervisors on implementation of the federal GENIUS Act for stablecoins. The speaker reviewed the OCC’s recent 367-page proposed rule, noting it raises many open questions and design choices for states, and discussed expected upcoming rulemaking from the FDIC, Federal Reserve, and Treasury. The presentation focused on six areas: permissible issuer activities, reserve assets and redemption, risk management and supervision, treatment of state-qualified issuers, capital/operational backstops, and foreign issuers. It also flagged unresolved issues around Bank Secrecy Act/AML requirements and the meaning of “digital asset service provider” activities. A substantial portion of the discussion addressed yield restrictions, with the presenter explaining the OCC’s broad definition of yield and its rebuttable presumption against issuer-affiliated or related third-party yield arrangements. The speaker said this likely forecloses many existing white-label structures but leaves some room for third-party payments depending on distance from the issuer, and noted ongoing Senate debate over similar provisions. The presentation also covered reserve valuation, liquidity and diversification requirements, redemption timing, and supervisory expectations such as third-party oversight, IT security, exam cycles, and reporting. No additional votes or formal actions were taken beyond approving the amended minutes.
TX

Texas 89th Regular

Finance Apr 16th, 2025

Finance

Transcript Highlights:
  • It reflects the council's priority of restoring public trust and confidence in the judiciary.
  • And how do we increase public trust and confidence in the judiciary?
  • A rise to the top will improve Texas courts and build public trust and confidence.
  • The substitute maintains the settlement permanent trust account and the Treasury.
  • The substitute maintains the settlement permanent trust account and the Treasury safekeeping trust, can
Summary: The Senate Finance Committee heard several measures, beginning with SB 1574 by Senator Zaffirini, which would codify the Texas Judicial Council’s Centers of Excellence Program for courts and judges. Testimony from judges and the Office of Court Administration emphasized that the program promotes transparency, procedural fairness, mentoring, and public trust. A committee substitute expanded eligibility to justices of the peace and municipal judges and removed a merit-pay reference to eliminate fiscal impact. After quorum was established, the committee adopted the substitute and later voted it out favorably, though it was not certified for the local and uncontested calendar. The committee also heard SB 2774 by Senator Hinojosa, which would amend the Tax Code’s retail trade definition to include industrial uniform and linen rental businesses so they qualify for the lower franchise tax rate. Supporters said the change would put rental textile businesses on equal footing with other rental industries and help Texas employers and customers. The bill was reported favorably to the full Senate. Members then considered SB 1211 by Senator Perry, which would broaden the existing fracking-related sales tax exemption for equipment used with non-fresh water sources, including recycled, produced, and brine water. The bill’s supporters argued it would conserve freshwater and reduce litigation over water definitions, while the Comptroller’s office discussed the fiscal note and production-related revenue effects. The committee also heard SB 2873 and SB 2900, both by Senator Kolkhorst and presented by Senator Nichols; SB 2873 would require electronic filers to file electronically, and SB 2900 would eliminate certain Comptroller-related advisory committees and boards. Both were later adopted in committee substitute form and reported favorably. Finally, the committee heard HJR 4, sponsored by Senator Parker, proposing a constitutional amendment to prohibit new taxes on securities transfers or financial transaction processing. Supporters said it would protect investors, especially retirees, and help position Texas as a financial center. The committee voted to report HJR 4 favorably to the full Senate. In each recorded vote after quorum was present, the measures passed with nine ayes and no nays.
NM

New Mexico 2025 Regular Session

House - Appropriations and Finance Mar 19th, 2025

House Appropriations & Finance

Transcript Highlights:
  • each fee collected going to the County Clerk Recording and Filing Fund, and $20 to the Children's Trust
  • Um, again, the $15 will be allocated to the county general fund, $20 goes to the Children's Trust Fund
  • So I just don't know why we're giving it to the Children's Trust Fund.
  • Speaker and county clerk, how much is in the Children's Trust Fund? Madam, this isn't the big fund.
  • Children's Trust Fund. So that's what we have in the FIR right now, Mr. Chair. Oh, well, Mr.
AR

Arkansas 2026 1st Special Session

REVENUE & TAXATION- HOUSE Jun 17th, 2026

Transcript Highlights:
  • The funds from the excise tax on soda go into the Medicaid Trust Fund. Medicaid Trust Fund.
  • Is that the only money that's given to the trust fund? No, sir.
  • There's several other revenue sources that go into the trust fund.
  • I believe there are... ...other revenue sources that go into the trust fund.
  • My brief follow-up to that would be, when money is requested to come out of the Medicaid trust fund,
Summary: The committee met to approve special expenses and then considered two interim study proposals. ISP 2025-069, by Representative Perry and presented by Representative Eaton, would move vehicle sales tax collection from the current registration-based process to the point of sale. Members asked about the current 60-day registration period, the fiscal and administrative impact on DFA, the burden on dealerships, verification and audit issues, and whether the change could affect tax collection or vehicle pricing. DFA said it was neutral on the proposal, noted programming and process changes would be needed, and said the total tax collected would not change, though timing would. The committee approved the ISP and sent it on for research. The committee then took up ISP 2025-071, based on House Bill 1636 from the 2025 session, which would phase out the state soda excise tax over five years if Medicaid trust fund revenue triggers are met. Representative Ray said the bill was intended to continue discussion after the underlying bill failed on the House floor. Members asked about the tax’s annual revenue, its dedication to the Medicaid Trust Fund, and whether the revenue would be replaced. Ray estimated the tax brings in roughly $40 million to $50 million annually and said the proposal did not replace that revenue. DFA was asked to explain how withdrawals from the trust fund are authorized and whether the legislature has oversight, and said it would provide that information later. The committee then adopted the interim study proposal.
OK

Oklahoma 2026 Regular Session

Rules REVISED: Start time delayed to 1:45 PM

Rules

Transcript Highlights:
  • Which is the veteran's lottery bill trust fund.
  • I want to ask you about the language on page two talking about the money going into the lottery trust
  • fund and then administered by the trust board.
  • Basically, are we saying that the legislature is going to take a look at the money in the trust fund
  • I mean, are we looking at like one on one ballot, and then we're gonna set up the trust fund?
Keywords: 914, all
KY

Kentucky 2026 Regular Session

Senate Standing Committee on Judiciary (3-19-26)

Judiciary

Transcript Highlights:
  • If you're not in a position of authority and trust, it only counts if we can prove that intent and if
  • People know that if you're in a position of authority and trust, there should be designated channels
  • If you're not in a position of authority and trust, it only counts if we can prove that intent and if
  • People know that if you're in a position of authority and trust, there should be designated channels
  • If you're not in a position of authority and trust, it only counts if we can prove that intent and if
Keywords: 958, all
MA

Massachusetts 2025-2026 Regular Session

Joint Committee on Children, Families and Persons with Disabilities Jun 21st, 2026 at 01:00 pm

Joint Committee on Children, Families and Persons with Disabilities

Transcript Highlights:
  • Next, Executive Director Jen Valenzuela from the Children's Trust.
  • It is an honor to be able to share with you the Children's Trust strategic plan today and our vision
  • Next executive director, Jen Valenzuela, who is ready, from the Children's Trust.
  • These are trust-based relationships, and turnover erodes the impact that we're making.
  • The Children's Trust is not just a funder.
Keywords: 995, all
Summary: The hearing was an informational and oversight session of the Joint Committee on Children, Families, and Persons with Disabilities, with chairs and members hearing agency updates from several commissioners. The Department of Public Health’s Bureau of Family Health and Nutrition described its maternal and child health work, including home visiting, early intervention, WIC, newborn hearing screening, and cross-agency efforts on prenatal substance exposure, respite care, children’s vision, and maternal health initiatives. DPH emphasized that federal grant cuts, layoffs, and the loss of data systems such as PRAMS would weaken services and planning, and members asked about Title V funding and the impact of federal uncertainty. The Massachusetts Commission on the Deaf and Hard of Hearing highlighted communication access services, interpreter and CART referrals, emergency after-hours support, family navigation, and independent living services. Commissioners and members discussed the shortage of ASL interpreters and the need to expand training pipelines, including partnerships with colleges and possible ASL programming for younger students. The Department of Developmental Services reported serving nearly 50,000 people and focused on youth and adult services, transition-age supports, autism services, self-direction, respite, and new high-acuity residential models. Members asked about respite availability, self-direction outcomes, and workforce shortages; DDS said it was expanding clinical capacity and provider rates while monitoring possible federal Medicaid, SNAP, and immigration-related impacts. The Commission for the Blind described services for about 28,000 legally blind residents, most of whom are older adults, including social rehabilitation, orientation and mobility training, children’s services, assistive technology, vocational rehabilitation, and Turning 22 supports. The commissioner discussed a UMass-based effort to build the workforce pipeline for blindness services and said the agency was watching federal restructuring but had not yet seen direct cuts. MassAbility’s leadership then warned about major federal changes affecting Social Security disability determinations, including staff restructuring, office closures, and a new overpayment repayment policy, and said the agency was preparing for possible increases in claims and uncertainty around reallotment dollars that help fund services. The Disabled Persons Protection Commission closed the hearing with an update on its abuse investigations and protective services for adults with disabilities. DPPC reported rising hotline calls and investigations, a growing caseload, its sexual assault response team, the abuser registry, and a new interagency protective services integration system funded by ARPA dollars through 2027. The agency also flagged new federal rules that could affect funding eligibility and said it may need statutory changes to comply. Members asked about funding, reporting pathways, and how complaints reach DPPC, and the commissioner said the agency uses both mandated reporting and proactive outreach to identify and respond to abuse.
TX

Texas 89th Regular

Culture, Recreation & Tourism Mar 6th, 2025

Culture, Recreation & Tourism

Transcript Highlights:
  • To that end, our commission serves as a trusted resource for our community.
  • Every other year, the trust puts forth what we call...
  • Chair calls up Chad Ellis from Texas Agricultural Land Trust, Dr.
  • The Texas Land Trust Council is kind of the coalition of the 30-plus land trusts here in the state.
  • And trust me, it has been. talked about for a long time.
Keywords: 1184, house, all
TX
Transcript Highlights:
  • So thank you, you're the pathway for trust in our system again.
  • And that is what we need to restore trust. Because there is not currently trust.
  • But there is not trust in the TEA, and there is certainly not trust in the TEA-created STAAR test.
  • At its core, SB 12 sends Texans a troubling message: Trust government. Trust Austin. It knows best.
  • They need us to trust them. Trust their counties. Trust their voices. Trust their prosecutors.
Bills: HB8, HB12, SB 3, HJR1, SB 11, SB 16, SB 14
NM

New Mexico 2026 Regular Session

House - Judiciary Jan 28th, 2026 at 03:17 pm

House Judiciary

Transcript Highlights:
  • It does the opposite by undermining public trust and further dividing us.
  • That breakdown in trust weakens the law.
  • What this bill would do is build trust within communities across New Mexico.
  • There was a statement made earlier that we have an erosion of public trust and...
  • There was a statement made earlier that we have an erosion of public trust and...
Bills: SB100