Transcript Highlights:

• It would just be being aware of them and functioning within that uh regulatory framework that already
• <01:36:12.880> framework<01:36:13.280> in<01:36:13.440> that right uh regulatory
• framework in that right uh regulatory framework in that assisted<01:36:14.320> living,<01:36:
• <01:38:36.560> framework<01:38:36.880> that that uh regulatory framework that that
• uh regulatory framework that already<01:38:37.280> exists.

Keywords: 1187, senate, all

Transcript Highlights:

• And then also MnDOT wanted some tighter permitting framework, and we've agreed to that.
• And then also MnDOT wanted some tighter permitting framework, and we've agreed to that.
• And then also MnDOT wanted some tighter permitting framework, and we've agreed to that.
• I framework and uh we've agreed to that.
• That's why this passing a bill and some framework for this is important to set up a regulatory system

Keywords: 919, house, all

Summary: House Republicans held a Transportation Committee press event to promote several bills they said would make driving cheaper and transportation more innovative. The main measures discussed were House File 3526, which would reduce vehicle tab fees; House File 3513, which would legalize automated driverless vehicles with regulatory guardrails; and a bill to consolidate metro-area bus operations and reduce administrative overhead and subsidies. They also said other transportation-related bills, including a school bus stop-arm clarification and a distracted-driving bill, were scheduled for the House floor on Monday. Representative Patti Anderson argued that Minnesota vehicle registration fees have become unaffordable, citing examples of high costs for newer and older vehicles, and said the state should roll fees back to pre-2023/2024 levels. On automated vehicles, Republicans said the bill had been revised after concerns from committee members, MnDOT, and stakeholders, adding a weight limit to avoid autonomous trucking, accessibility provisions for wheelchair users, a U.S.-based support person requirement, a labor/economic/congestion study, and tighter permitting. They said the bill should advance to the next committee and rejected delaying implementation for further study. On transit, Republicans said the metro has too many separate bus systems and that consolidation would save taxpayer money by cutting redundant service and administrative costs. They cited high per-ride subsidies and claimed combined reserve funds and reduced waste could save tens of millions of dollars. In questions, they defended using general-fund dollars for transportation, said the system benefits all residents, and argued that autonomous vehicles and related industries would create new opportunities even if some driving jobs are displaced. No formal votes were taken in the press event, though the speakers said they expected committee action on the automated-vehicle bill and that other bills would move to the floor or other committees.

Transcript Highlights:

• What we've done is just taken that regulatory structure that would be provided by the Department of Health
• It provides that basic regulatory structure, that basic licensure requirement, and the creation of the
• Creating a parallel regulatory system lowers the guardrails for the protection of patients and the integrity
• But I'm telling you today, there is no regulatory structure over about 2,500 naturopaths practicing in
• framework for scope of practice and licensure requirements, and create an oversight board that has two

Transcript Highlights:

• For far too long, the American people have been forced to live Under a regulatory agenda that drove up
• Yet if we would get our taxes and our regulatory system and legalize once again creativity, legalize
• YET IF WE WOULD GET OUR TAXES ON A REGULATORY SYSTEM AND LEGALIZE ONCE AGAIN CREATIVITY, LEGALIZE THE
• Trump's regulatory measures are aimed against your workers. Trump says, silence them all you want.
• TRUMP'S REGULATORY MEASURES, RETAIL EAT AGAINST YOUR WORKERS. TRUMP SAYS SILENCE THEM ALL YOU WANT.

Keywords: U.S. House of Representatives Floor Proceedings on Tuesday, September 16, 2025, 1012, house, all

Transcript Highlights:

• We must now focus on modernizing outdated regulatory barriers.
• As hard as it is to stay... ...here due to the regulatory barriers.
• This is a regulatory issue. It is not a safety issue.
• So this is a regulatory framework insisted upon by one group of providers who do not robustly participate
• in that framework, allowing the cost of doing business to be bid up and up and up.

Bills: HB35, HB4490, HB4454, HB2188, HB3078, HB4743, HB2556, HB46, HB5342, HB4783, HB3785, HB5278, HB1639, HB2581, HB4224, HB4070, HB4099, HB4882, HB3794, HB46

Keywords: peer support, first responders, mental health, confidentiality, emergency services, disclosure, next of kin, public information, deceased persons, privacy rights, patient solicitation, marketing practices, healthcare regulation, task force, deceptive advertising, nurse aide, certification, Texas Board of Nursing, healthcare workforce, nursing standards

Transcript Highlights:

• for this to work off of is a framework for this to work off of is a great<00:10:12.880> idea.
• Um, so what I think I heard was the bill is necessary as a framework.
• It's necessary as a framework for people to use, but it's not necessary, is it?
• Um, but this bill already framework.
• review ex to expedite a regulatory review ex to expedite a regulatory administrative<00:32:31.919

Keywords: 1189, house, all

Transcript Highlights:

• has decided is legal and acceptable within that framework.
• Numerous lawsuits and regulatory<00:31:24.960> regulatory<00:31:25.600> actions<00:31:26.080
• > have regulatory regulatory actions have regulatory regulatory actions have identified<00:31:
• It's the Indian Gaming Regulatory Act, IGRA.
• It's the Indian Gaming Regulatory law. It's the Indian Gaming Regulatory Act,<00:35:34.320> IGRA.

Bills: HF2354, HF3407, HF4359, HF4192, HF3356, HF3695, HF1597, HF3155, HF3871, HF4437, HF4446, HF3990

Keywords: medical assistance, fraud prevention, subpoena authority, criminal penalties, consumer protection, ghost guns, unserialized firearms, 3D-printed guns, 3D printer firearms, CNC milling, home-built firearms, firearm serialization, serial numbers, unfinished frame, unfinished receiver, ghost gun ban, gun control, firearm design files, CAD files, digital gun blueprints

Transcript Highlights:

• AECT supports creating a framework that ensures transparency and credibility in that.
• I think this is very important because no grid has the capability and the market frameworks that ERCOT
• on market intervention as the way to address these problems in two ways. is imposing significant regulatory
• As I watched the agency that I once led, the Federal Energy Regulatory Commission, grapple with the..
• framework that balances the need for oversight with the practical realities of attracting and retaining

Bills: SB 6, SB6, SB504, SB765, SB815, SB929

Keywords: hemp, consumable hemp, hemp-derived cannabinoids, CBD, cannabidiol, CBG, cannabigerol, delta-8, delta-9, intoxicating hemp, hemp gummies, hemp vape, edibles, cannabinoid regulation, hemp licensing, retailer registration, product registration, QR code labeling, child-resistant packaging, minor access

Transcript Highlights:

• Welcome to the hybrid committee hearing of the Joint Committee on State Administration and Regulatory
• Chair Collins, Chair Cabral, and members of the Joint Committee on State Administration and Regulatory
• Because, ultimately, this bill isn't about data systems or legal framework.
• Because, ultimately, this bill isn't about data systems or legal framework.
• This bill isn't about data systems or legal framework.

Keywords: 995, all

Summary: The committee heard testimony on several bills related to open meeting law, municipal meetings, town meetings, and remote participation. Senator Rausch supported S. 2205 and S. 2206, and House companion H. 3382, saying they would make remote participation in public bodies permanent and streamline open meeting law and public records complaint processes to reduce burdens on local officials. Committee members and the senator discussed concerns about complaints being weaponized, the role of the Attorney General, and whether public testimony should be presumed allowed unless a chair limits it with justification. The senator said the bills do not change public records fees and are meant to improve process and transparency. A large portion of the hearing focused on H. 3342 and S. 2197, which would modernize municipal meetings, town meetings, and local elections by allowing permanent remote or hybrid participation. Supporters included Wayland officials, the Massachusetts Municipal Association, Newton Mayor Ruthanne Fuller, MAPC, MACC, and others, who argued that hybrid and remote options increase participation, help parents, caregivers, people with disabilities, and residents with travel or work constraints, and have worked well during the pandemic-era extensions. Municipal officials emphasized that a mandate would be costly and difficult for smaller communities because of staffing, technology, room design, cybersecurity, and uneven internet access, especially in western Massachusetts. Committee members asked about equal access, funding, and whether local discretion should remain; the chair said the committee wants a permanent solution beyond emergency rules but must balance access with local capacity. The committee also heard testimony on H. 3328, which would allow remote participation to count toward quorum for statewide appointed bodies such as commissions on women and LGBTQ issues. Supporters argued this would improve regional equity and make it easier for people outside Greater Boston to serve, while committee members noted it is a separate issue from municipal meetings and may be easier to address than broader local-government changes. Another bill, H. 4351, was supported by Rep. Brandy Fluker Reed, who described it as creating an Office of Freedmen Affairs to address longstanding racial wealth disparities affecting descendants of enslaved Americans. The hearing also included testimony on H. 3299 from Common Cause and MASSPIRG in favor of guaranteed hybrid access for public meetings with public participation components, with advocates saying it would improve transparency, accessibility, and civic engagement.

Transcript Highlights:

• The strike-all to Senate Bill 1030 streamlines the regulatory framework for substance abuse and behavioral
• professional nursing titles while maintaining transparency for patients and ensuring appropriate regulatory
• This keeps oversight within the professional regulatory framework where it belongs and ensures that any

Bills: S0006, S0036, S0560, S0778, S0844, S0864, S1002, S1016, S1022, S1030, S1630

Keywords: child welfare, negligence, settlement, injury compensation, Department of Children and Families, nursing title, advanced practice registered nurse, advertising, professional standards, disciplinary action, psychotropic medication, community-based care, liability insurance, forensic services, defendants, mental health, judicial system, defense, legal definitions, sickle cell disease

Summary: The Appropriations Committee on Health and Human Services heard and advanced a series of health, child welfare, aging, disability, and public records bills. CS/SB 1002, on child welfare and parental substance abuse, was described as clarifying that acute or chronic parental drug abuse can constitute harm or neglect when it creates an ongoing risk to a child; it passed after limited questions and supportive testimony from Florida Smart Justice Alliance. CS/SB 1630, a broad aging and long-term care modernization bill, would streamline eligibility screenings, allow temporary DOEA services during emergencies or lead agency failures, tighten oversight of area agencies on aging, permanently establish the Florida Alzheimer’s Care Center of Excellence, and expand guardianship training and enforcement tools; it drew support from AARP, area agencies, and the Alzheimer’s Association and was reported favorably. The committee also approved SB 1022 to add Bay County and Pompano to the Florida Children’s Initiatives, and CS/SB 1030, via strike-all amendment, to streamline regulation of substance abuse and behavioral health providers and clarify background screening and privacy rules. Several bills focused on health care practice and patient access. CS/SB 36, with an amendment, allows nurses with doctoral degrees to use appropriate titles while requiring clear identification as nurses and making misuse grounds for discipline; nursing organizations supported it and it passed. CS/SB 844 requires physicians and nurses to complete a one-time, board-approved continuing education course on sickle cell disease care management, with multiple patients and advocates testifying about delayed care, bias, and the need for better provider education; the bill was reported favorably after an amendment aligning it with the House version. CS/SB 560 streamlines procedures for psychotropic medication for children in DCF custody by reducing duplicative reports, clarifying evaluator qualifications, limiting repeated background checks, and simplifying consent documentation; an amendment removed postsecondary education language, and the bill passed. The committee also approved a public records exemption bill for a uterine fibroids research database (CS/SB 864). The committee also advanced measures affecting disability services and forensic care. SB 6, a claims bill, would pay $3.8 million to a trust for a child who suffered severe abuse-related injuries after DCF involvement; it passed without opposition. SB 778 updates the definition of forensic clients so certain individuals with intellectual disabilities or autism found incompetent to proceed can be housed in the same secure forensic setting, reducing duplicative staffing and space needs; it was reported favorably. CS/SB 1016 codifies the Working People with Disabilities Program, allowing eligible developmentally disabled adults to work while retaining Medicaid waiver benefits and requiring notice to enrollees; advocates described the bill as essential to employment and independence, and it passed. Throughout the meeting, most bills received supportive public testimony, few questions, and unanimous or near-unanimous favorable votes.

Transcript Highlights:

• The bill does introduce several new and vague regulatory requirements without clear timelines or scientific
• That's not reasonable nor is it aligned with existing product safety frameworks.
• menstrual products under its current work plan We believe in a more coordinated approach using existing regulatory
• With these changes, we believe the bill can balance health protections with regulatory certainty and
• There is an alternative framework akin to what was SB 385 back in the day.

Keywords: 988, house, all

Transcript Highlights:

• framework process that we're going through right now.
• important that would include a framework important that would include a framework and<00:06:55.280
• <00:07:52.240> framework<00:07:52.720> process<00:07:52.960> that<00:07:53.199><
• c> we're regulatory framework process that we're regulatory framework process that we're going<00
• systems of the PUC and regulatory systems of the PUC and regulatory authorities<00:32:32.720>

Keywords: 1187, senate, all

Transcript Highlights:

• We have never had any gas regulatory framework in Minnesota.
• We have never had any gas regulatory framework in Minnesota.
• Colorado and others to work with us to put together both a rulemaking and regulatory framework, but
• Colorado and others to work with us to put together both a rulemaking and regulatory framework, but
• <01:36:25.520> framework,<01:36:25.920> but rulemaking and regulatory framework, but

Keywords: 1187, senate, all

Transcript Highlights:

• AB 2705 seeks to establish a uniform framework in the excess proceeds claim process to ensure consumers
• Yet California colleges lack a uniform leave-of-absence framework.
• Or community land trusts, special flood hazard areas, and regulatory floodways.
• Reports now show that we are failing to deliver on this promise, in part because the existing regulatory
• framework does not provide adequate authority.

Summary: The Assembly met on May 7, 2026, after an initial delay caused by the absence of a quorum, then proceeded with prayer, a moment of silence for victims of a hate-motivated attack at the Islamic Center in San Diego, and the Pledge of Allegiance. The Speaker pro tempore then moved through the daily file, repeatedly urging members to be on time and at their desks as the House of Origin deadline approached. Procedural actions included dispensing with the journal, deferring some items, and moving AB 1667 to the inactive file. The bulk of the session was devoted to floor consideration of many bills, most of which passed with little or no opposition. Measures approved included bills on artificial intelligence provenance information (AB 2713), community college trustee compensation (AB 2528), transit camera enforcement and privacy (AB 1837), excess proceeds claims in taxation (AB 2705), HOA technical cleanup (AB 1892), hepatitis C treatment access (AB 1843), child care planning in local general plans (AB 1914), greenhouse energy code flexibility (AB 2200), rent-now-pay-later consumer protections (AB 2350), housing cleanup and density bonus measures (including AB 2390, AB 2480, AB 1567, AB 1751, and others), spay/neuter access (AB 2010), workforce housing financing tools (AB 2110), supportive housing and homelessness-related changes (AB 2146), mental health and health plan notification measures (AB 1598, AB 2613), student aid and education bills (AB 1534, AB 1636, AB 1669, AB 1728, AB 1784, AB 1871), public safety and criminal justice bills (AB 1546, AB 1572, AB 1872, AB 1877, AB 1932), and several health and social services measures (AB 1602, AB 1628, AB 1680, AB 1825, AB 1845, AB 1906, AB 1907, AB 1925). Most bills were described as support measures, often with bipartisan backing and no opposition, and passed by wide margins. A few bills drew more discussion, especially AB 1751, a housing/townhome bill that sparked extended debate over wages, prevailing wage, stakeholder engagement, and whether the measure could depress pay for construction trades; despite concerns and an opposition speech, it ultimately passed 44-0. AB 1793, which would allow symmetrical rounding of cash transactions to the nearest nickel in light of the penny’s phaseout, also drew light debate and passed 47-1. AB 1932, an urgency measure expanding community-based crisis response, passed with one no vote on both the urgency and the bill. Several urgency or 54-vote bills, including AB 1534 and AB 1932, required later roll calls or calls to be lifted, but all measures described in the transcript were ultimately approved.

Transcript Highlights:

• have better managed their regulatory have better managed their regulatory Authority<00:03:18.879
• believed that additional regulatory believed that additional regulatory Authority<00:26:01.640><
• <01:15:37.280> where technical assistance framework where technical assistance framework where
• <01:19:39.320> tools doing to utilize the regulatory tools doing to utilize the regulatory
• said maximize their use of regulatory said maximize their use of regulatory tools<01:20:29.400><

Keywords: 1183, house

Summary: The Education Policy Committee met to hear a delayed presentation from the Office of the Legislative Auditor on MDE’s oversight of Feeding Our Future, a report released in June 2024. The chair framed the hearing as an oversight review of how the Minnesota Department of Education handled the nonprofit’s participation in the Child and Adult Care Food Program and the Summer Food Service Program, emphasizing that the hearing was not about criminal charges against agency staff. Legislative Auditor Judy Randall and Director of Special Reviews Katherine Tyson explained that their review focused on state oversight, not the underlying federal fraud case, which involved an alleged $250 million scheme and ongoing criminal proceedings. The auditors concluded that MDE’s oversight was inadequate and created opportunities for fraud. They said MDE failed to act on warning signs before the pandemic, did not effectively use its authority to hold Feeding Our Future accountable, and was ill prepared to respond to problems. Examples included approving applications despite concerns about internal controls and staffing, failing to follow up on earlier review findings, not adequately investigating at least 30 complaints, and in one case referring a complaint back to Feeding Our Future for resolution rather than conducting an independent investigation. They also said MDE deferred serious deficiencies without enough evidence that problems had been fully corrected and approved meal claims despite records showing major inconsistencies. Tyson said MDE had made progress on all eight recommendations in the report, though one recommendation to the legislature had not yet been addressed because the session had not convened since the report’s release. The auditors recommended that the legislature establish clearer statutory criteria or give MDE rulemaking authority for sponsor applications, and that MDE strengthen verification of sponsor information, focus more on high-risk sponsors, improve complaint procedures, and emphasize program integrity if waivers reduce oversight in the future. In response to member questions, the auditors said MDE’s reported progress was partial in some areas and that further review would be needed to fully confirm implementation. No votes or formal committee actions were taken during the hearing.

Transcript Highlights:

• In the House, called 4242, that addresses many of these regulatory concerns.
• In regards to regulatory framework, I would like to point out that.
• framework that disproportionately... ultimately favors one sector over another.
• This debate isn't about ignoring safety, it's about building a regulatory framework that protects the
• What we need is regulatory enforcement.

Bills: HB 28, SB 3

Keywords: hemp regulation, consumable products, cannabinoids, state health, youth protection, licensing fees, criminal offenses, HB28, public testimony, committee decorum, bill substitute, legislative process

Summary: The meeting featured significant discussions regarding HB28, where the chair outlined the plans to bring forward a substitute for the bill. The chair emphasized the importance of maintaining order and decorum during the proceedings. Members engaged in deliberations, and a number of public witnesses were invited to testify, thereby enriching the discussion around the bill. This interaction provided valuable insights into public sentiment regarding the issues at hand.

Transcript Highlights:

• And then there are some repealers, a repealer to repeal the temporary hemp regulatory framework as I
• And then there are some repealers, a repealer to repeal the temporary hemp regulatory framework as I
• And then there are some repealers, a repealer to repeal the temporary hemp regulatory framework as I
• And then there are some repealers, a repealer to repeal the temporary hemp regulatory framework as I
• There are some repealers, a repealer to repeal the temporary hemp regulatory framework as I mentioned

Keywords: 1187, senate, all

Transcript Highlights:

• In the mining world and in the regulatory world, prime farmland has an explicit definition.
• And we have a more favorable regulatory environment than we've had.
• What the regulatory requirements are going to be for them?
• Can they get the financing under the current regulatory schemes? I hope so.
• The governor's executive order directs state agencies to develop a long-term regulatory framework to

Summary: The committee met at the Coteau Freedom Mine in Mercer County, approved the June 2 minutes, and heard an overview of the mine from Coteau Properties president Andrew Hawbaker. He described the Freedom Mine as the largest lignite mine in the United States, supplying coal to Dakota Gasification, Antelope Valley Station, and Leland Olds Station. He emphasized the mine’s scale, safety record, reclamation work, workforce needs, community involvement, and economic impact, including payroll, taxes, royalties, scholarships, and local hiring. Members asked about how long land stays in production, how quickly it returns to agriculture after reclamation, labor shortages, and how mining affects groundwater and water wells. Hawbaker said most tracts are mined for about three to five years, reclamation is coordinated with landowners, and the company continues to struggle to find electricians, welders, mechanics, operators, and engineers. The committee then heard from Public Service Commission Chairman Randy Christman on coal mining reclamation and permitting. He reviewed North Dakota’s coal mining history, the state’s reclamation laws, federal Surface Mining Control and Reclamation Act primacy, bonding, permit renewals and revisions, prohibited mining areas, inspection and enforcement, and contemporaneous reclamation requirements. Christman stressed that North Dakota’s program is professional and thorough, with frequent inspections, financial assurance, and a 10-year revegetation monitoring period before bond release. He also discussed federal coal ownership issues that can delay mine plans, the treatment of prime farmland, and how reclamation differs for wind and pipelines. In response to questions, he said one challenge is sometimes releasing land too soon before long-term compaction issues are fully understood, and he noted that data centers do not currently have a comparable reclamation model because they typically own the land. In the afternoon, the committee received an update from Lignite Energy Council president Jonathan Fortner on the lignite industry. He said North Dakota’s lignite sector supports five commercial power plants, four mines, about 12,000 direct and indirect jobs, and more than $5.5 billion in economic activity, while helping keep the state’s electricity rates among the lowest in the nation. Fortner reviewed coal severance and conversion tax revenues, the lignite research fund, federal regulatory rollbacks, carbon capture policy, and the industry’s legal costs fighting federal rules. He also highlighted a study on large-load development, saying new data centers and critical mineral processing facilities could create major local tax revenue and help justify new baseload generation. Members asked whether new gas pipelines would crowd out coal plant development and whether the economic study included jobs and broader local impacts; Fortner said the industry sees room for both and that the study did include construction, operations, jobs, and tax effects.

Transcript Highlights:

• framework that aligns Louisiana with the national standards already being adopted across the country
• These measures will reduce the regulatory burden and eliminate inefficiencies and improve the overall
• House Bill 921 updates and reorganizes Louisiana's private security regulation framework and renames
• it the Louisiana Private Security Licensing Regulatory Act.
• Regulatory Act. Okay. It renames it.

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:

• in order to figure out whether or not this particular kind of change is encapsulated within the regulatory
• Or not this particular kind of change is encapsulated within the regulatory language.
• I don't believe that there's a regulatory definition of the word substantial, but again, it comes back
• What this regulatory change is designed to do, it's not trying to change the definition of a capital
• But it certainly doesn’t look like that’s something that’s contemplated in the legal framework right

Keywords: 959, house, all