Video & Transcript Research : 'premium structure'

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MA

Massachusetts 2025-2026 Regular Session

Joint Committee on Housing Jun 21st, 2026 at 09:00 am

Joint Committee on Housing

Transcript Highlights:
  • their homes that they've lived in for decades now; others feel powerless in the face of a corporate structure
  • rent structure.
  • the various types of state-aided housing, the populations they're catering to, and the types of structures
  • Issues such as skyrocketing insurance premiums, outdated infrastructure, and exorbitant park fees.
  • many calls over the years about unexpected fees charged by park owners and rapidly rising insurance premiums
Keywords: 995, all
Summary: The Joint Committee on Housing held a hearing on a wide range of housing bills focused on manufactured housing, condominiums, public housing, tiny homes, and protections for elderly and disabled residents. Chairs Haggerty and Cyr opened by emphasizing the importance of these housing types and the need to hear from many speakers. Testimony on manufactured housing was especially extensive and sharply divided. Supporters of bills such as H. 1475, S. 990, and H. 1513 argued that out-of-state corporate owners are buying communities, raising rents and fees, reducing services, and exploiting legal gray areas. Residents and lawmakers from affected communities like Taunton, Middleborough, Attleboro, and Oak Point described steep rent disparities, fear of displacement, and the need for stronger protections, while Representative Hawkins urged an omnibus approach and said the bill would create a local board to ensure compliance with existing law. Opponents, including the Massachusetts Manufactured Housing Association and Hometown America’s counsel, argued that current law already provides protections, that the bills would create uncertainty or unfairly restrict owners, and that H. 1475 was intended to clarify the post-Blake legal landscape. The committee also heard testimony on condominium reform through S. 980, with owners describing lack of transparency, surprise assessments, and limited accountability, and urging updates to Chapter 183A and more owner rights. Public housing bills also drew support from housing authority advocates. MassNAHRO backed S. 955, H. 1517, H. 1512, H. 1550, and H. 1551, saying housing authorities need more flexibility to preserve and expand affordable housing. Witnesses supported tax relief for replacement public housing units and streamlined procurement rules, arguing these changes would help projects move faster and make better use of capital funds. Committee members asked questions about PILOT agreements, tax treatment of new developments, and whether state and federal public housing would be treated similarly. The committee also heard from Senator Lovely and advocates for S. 1007/H. 1525, which would prevent and respond to bullying of elderly and disabled residents in housing. Supporters described the bills as a long-needed response to harassment in senior and public housing, calling for building-level plans, staff training, and AG oversight; Jerry Halberstadt said the measure should be strengthened with enforcement and tenant advocacy support. Pamela and other witnesses described severe personal impacts from bullying and management retaliation. Another major topic was S. 1474/H. 1474 on movable tiny houses as permanent dwellings and accessory dwelling units. Supporters, including Representative DeCoste, Vera Struck, Kaylee DeCrease, and Abundant Housing Massachusetts, said tiny homes are a safe, affordable, sustainable option for seniors, workers, and others facing the housing shortage, and urged the committee to legalize them and align state rules with emerging standards. They also discussed tax classification and the need for a clear building code and DMV category. Finally, H. 1476 on pet-friendly elderly housing drew support from animal welfare groups, who said the bill would restore and modernize a prior pet program, expand access across state-aided housing, limit pet deposits, and reduce pet surrender caused by housing barriers. No votes were taken during the hearing; the committee primarily received testimony and questions on the bills.
NM

New Mexico 2025 Regular Session

IC - Revenue Stabilization and Tax Policy Aug 14th, 2025

Revenue Stabilization & Tax Policy Committee

Transcript Highlights:
  • We are focusing on the kinds of things that do intersect with our tax structure, as opposed to more of
  • increases the mortgage interest deduction and makes it available for certain kinds of other insurance premium
  • parts of the mortgage insurance premium.
  • doesn't include a whole lot of right-of-way acquisition, bridges, interchanges, and other types of structures
  • Just because of various differences in the structures between the states, it's made it very difficult
HI

Hawaii 2025 Regular Session

EEP Public Hearing - Tue Mar 11, 2025 @ 9:00 AM HST

Energy & Environmental Protection

Transcript Highlights:
  • um my question is is is it structurally um my question is is is it structurally possible<00:24:35.159
  • for selling renewable want a premium for selling renewable electricity<01:01:18.079> or<01:01
  • That's not healthy for the grid, and the utility typically pays a premium both for evening energy and
  • So that underlying compensation framework and that underlying structure that's part of the grid service
  • un underlying structure that's part of<01:25:22.800> the<01:25:22.920> grid<01:25:23.159
Keywords: 910, house, all
Summary: The committee on Energy and Environmental Protection heard testimony on Senate Bill 897, which would create a Wildlife Liability Trust Fund within DCCA for administrative purposes. The chair opened by noting the hearing had to end by noon because of floor session, and that written testimony would be considered if not all witnesses could speak. Testimony included support from DCCA, the Attorney General’s office, the Public Utilities Commission, Charter Communications, Ulupono Initiative, AES Hawaii, Hawaiian Electric, Clearway Energy Group, Kauai Island Utility Cooperative, Hawaiian Telcom, and IBW Local 1260, with opposition or concerns from the Hawaii Association for Justice and some others. Hawaiian Electric strongly supported the bill and asked for amendments, saying the fund would help address wildfire liability, protect customers and the economy, and support restoration of investment-grade credit; it also proposed a larger shareholder contribution and said the bill was part of a broader effort to raise settlement funds and improve grid safety and resiliency. Committee members focused heavily on whether the bill would actually lower costs for ratepayers and improve credit ratings. DCCA said there was a nexus between limiting liability, creating a sufficiently large wildfire fund, and transparent mitigation requirements, but acknowledged there was no guarantee of a credit-rating improvement or precise estimate of rate impacts. Members questioned Hawaiian Electric about the assumptions in its cost comparisons, the 30-year securitization structure, and whether funding could be shifted later to shareholders after credit was restored. Hawaiian Electric responded that the bill assumes the fund is paid through securitization, that removing that presumption could undermine the credit-rating benefit, and that its models suggest credit-spread savings could offset the customer charge over time; it also said it would follow up with additional analysis. The company and Ulupono both described the measure as a difficult but potentially necessary way to socialize wildfire risk and avoid a larger crisis later. The Hawaii Association for Justice opposed the bill’s liability caps and raised concerns about consumer rights, oversight discretion, statute-of-limitations changes, and evidence rules. Hawaiian Telcom suggested amendments to clarify compliance with FCC pole-attachment agreements. No vote or final action was taken during the portion of the hearing provided, and members indicated they wanted more analysis before being comfortable with the bill’s long-term ratepayer impacts.
MN

Minnesota 2025-2026 Regular Session

House Commerce Finance and Policy Committee 3/5/25

Commerce Finance and Policy

Transcript Highlights:
  • Painters pay a premium for these colors because their unique properties cannot be duplicated by other
  • Painters pay a premium for these colors because their unique properties cannot be duplicated by other
  • characteristics painters pay a premium characteristics painters pay a premium for<00:27:06.039><
  • There are other regulatory structures in place to minimize the exposure risk from keys and automotive
  • key fobs, and Minnesota's law is not consistent with those other regulatory structures, as mentioned
Bills: HF737, HF247, HF325, HF1330
MN

Minnesota 2025-2026 Regular Session

Committee on Taxes - 01/15/25

Taxes

Transcript Highlights:
  • That is the nature of how those credits are structured.
  • And generally speaking, homestead and ag property are beneficiaries of the structure of the income tax
  • And generally speaking, homestead and ag property are beneficiaries of the structure of the income tax
  • tax like petroleum tax insurance premium tax and<01:10:04.920> tobacco<01:10:05.400> tax
  • The Minnesota historic structure rehabilitation credit was amended to match the federal credit payout
Keywords: 1187, senate, all
HI

Hawaii 2025 Regular Session

FIN/WAM Joint Info Briefing - Tue Jan 21, 2025 @ 1:00 PM HST

Hawaii House Floor Meeting

Transcript Highlights:
  • The county also funded another 89-unit multifamily structure that was destroyed in the fire.
  • We also are in constant contact with Catholic Charities, Premium Medical Group, Dr.
  • We also are in constant contact with Catholic Charities, Premium Medical Group, Dr.
  • We also are in constant contact with Catholic Charities, Premium Medical Group, Dr.
  • We also are in constant contact with Catholic Charities, Premium Medical Group, Dr.
Keywords: 910, house, all
OK
Transcript Highlights:
  • There's vertical structures going to be built on that facility.
  • We just let the Bids on five of those structures that are the pre-engineered steel structures.
  • A lot of them are internal issues from how we track our premium shifts to OCHS, which is our state reporting
  • The other overtime funding, which we call premium shifts, is all paid for by O dot if it's an O dot contract
Keywords: 914, all
TX
Transcript Highlights:
  • So how does that compare to the SAT and ACT in terms of structure and difficulty and subject matter and
  • It's quite similar It's quite similar in its structure, where it has verbal reasoning, mathematical and
  • logical reasoning, and similar structures in that sense.
  • Allowing the same option for student coverage will help lower premiums and keep student plans affordable
  • Student health insurance is often costly, with high premiums, deductibles, and out-of-pocket expenses
Summary: The Senate Committee on Education K-16 met with a large agenda and repeatedly recessed for floor activity and other committee conflicts. The committee heard and left pending several higher education bills, including SB 2361 to transfer University of Houston-Victoria from the University of Houston System to the Texas A&M System and rename it Texas A&M University Victoria; testimony from university officials, local leaders, and industry representatives strongly supported the move as a way to better align degree programs with regional workforce needs in engineering, agriculture, and STEM. SB 530, which would align Texas accreditation statutes with federal rules allowing institutions to choose among nationally recognized accreditors, also received supportive testimony and was left pending. SB 1085, allowing Sul Ross satellite campuses to offer lower-division coursework toward bachelor’s degrees, was laid out and left pending as well. The committee also took up a series of education policy bills. SB 1241 would expand the standardized tests Texas public universities may accept for admission beyond the SAT and ACT, with supporters from the Classic Learning Test, homeschool advocates, and student-choice groups arguing it would increase access and competition; it was left pending. SB 769 would require a TEA/Higher Education Coordinating Board report on barriers faced by students with disabilities in higher education, and testimony from The Arc of Texas and others emphasized the need for better data and accessibility; the bill was left pending. SB 2231 would designate the second week of October as Free College Application Week, and SB 1878 would modernize terminology and support workforce-oriented programs at the Josie School; both were laid out and left pending. The committee reported several bills favorably after adopting committee substitutes. SB 605, concerning charter school expansion applications while under conservatorship or a management team, passed on a 9-0 vote. SB 1871, SB 1873, and SB 1874, all related to school discipline and teacher immunity/placement review provisions, were adopted and reported favorably, with members noting the need for further discussion on some language. SB 762, dealing with flag displays in public schools, passed on a 7-1 vote. SB 1962, relating to public school accountability and challenges to school system operations, passed 7-1 after a corrected vote. SB 1750, replacing a $60 million statewide charter facilities cap with an attendance-growth-based allotment, passed 7-1 with one member voting present not voting. SB 2252, supporting kindergarten readiness and early literacy/numeracy, SB 2253, concerning educator preparation and certification, SB 2365, on student use of wireless devices during instructional time, and SB 1924, restoring local peace officer citation authority for school offenses and adding reporting and parent-notification requirements, were also reported favorably. The committee additionally heard SB 37 on higher education governance and compliance oversight, which passed 7-1 after a substitute that refined curriculum review, governing board authority, faculty senate rules, and a new compliance office within the Higher Education Coordinating Board.
TX

Texas 89th 2nd C.S.

Human Services Mar 11th, 2025

Human Services

Transcript Highlights:
  • I just don't know that this structure is the way to change it.
  • the most appropriate terminology to ensure alignment with clinical standards and reimbursement structures
  • Whenever you have the marketing structure that we have in place that is so seductive.
  • is that any of that expenditure is accounted for in, um, the medical spend when calculating the premiums
  • there is also a requirement in federal law that if the benefit increases over 1.5% of the total premiums
CA
Transcript Highlights:
  • ADAP provides access to life-saving medications, health insurance, premium payment assistance, and assistance
  • also a move from a closed formulary to an open formulary, as well as enhancements to the insurance premium
  • What CDPH is proposing is changes to the fee structure for this program, which have not been changed
  • The future public health investment was originally structured with $99.6 million in state operations
  • Fortunately, no structures and no people were injured, but I know they gave us a big scare, and we were
Keywords: 988, house, all
MN

Minnesota 2025-2026 Regular Session

House Human Services Finance and Policy Committee 2/24/26

Human Services Finance and Policy

Transcript Highlights:
  • that the department already has in place through existing communication and governance structures to
  • You have paid your Social Security premiums.
  • And on the slide you will see a structure that has been put together by the counties and the state.
  • And so within that structure, we are diving deep into the weeds on all five of these areas.
  • And so within that structure, we are diving deep into the weeds on all five of these areas.
Bills: HR1
HI

Hawaii 2026 Regular Session

ECD Public Hearing - Fri Feb 13, 2026 @ 8:30 AM HST

Economic Development & Technology

Transcript Highlights:
  • Manukuchi is very grateful to the state and local officials that approved our temporary sandbag structure
  • /c><00:33:32.880> allowed<00:33:33.360> under<00:33:33.679> current sandbag structure
  • This bill will help structures continue.
  • Addressing this persistent structural challenge will require coordination of three interrelated lines
  • globally exportable place-based premium globally exportable place-based premium spirit.<01:18:19.040
Summary: The committee opened with HB 1813 on taxation and HB 2429 on tax expenditure evaluation, taking mostly written testimony and limited oral discussion. On HB 2429, the Tax Foundation and Department of Taxation raised privacy and federal-law concerns, warning that the bill could require taxpayers to file duplicative returns and could risk disclosure of federal tax information if released publicly. Members and witnesses discussed using anonymized or summary reporting instead of individual public release, with the department saying summarized data would be preferable and that the state can ask for the information as a policy matter, but individual public release could create problems. The committee then heard HB 2423 HD1 on biodiesel, where Pacific Biodiesel said it can supply all biodiesel needed for B5 in Hawaii without imports and asked to move the implementation date earlier to November 2027 to allow rollout planning. HB 1996 HB1 on hearing aids drew broad support; a disability access representative said earlier insurance-based efforts had run into administrative problems and that this bill would immediately lower costs for consumers. HB 1851 HD1, also related to hearing aids, received support from the Department of Labor and Industrial Relations, while the Tax Foundation argued the program would be better funded directly rather than through the tax system, citing overhead costs and blank provisions that should be filled in before passage. On HB 2546, the research activities tax credit, HCDC said the credit supports long-term R&D and should be converted from a first-come, first-served system to proration so more applicants receive some benefit; the agency described the credit as helping companies move from idea to commercialization and noted the state is leaving potential jobs and federal dollars on the table. HB 2028 HD1, relating to Labor Day for construction workers, drew support from labor representatives who said it recognizes construction workers and helps offset cost-of-living pressures, while the Tax Foundation opposed it as an industry-specific subsidy and flagged technical issues with undefined terms and blank credit amounts. The committee also heard HB 2583, HB 2490, HB 2545, HB 2114, and HB 1859 HD1. HB 2490, concerning coastal erosion at Mokuhiki Bay, received strong support from a temple representative who described severe shoreline loss, years of temporary emergency work, and the need for a long-term, nature-based solution in coordination with state agencies. HB 2545, involving HCDC and SBIR commercialization, was supported as a way to turn R&D into economic development; HCDC said it had more applications than it could fund and that the bill could help create high-wage jobs. HB 2114, the Hawaii Benefits Hub, received comments from ETS and DHS emphasizing support for the concept but cautioning that operational, policy, cybersecurity, and data-sharing standards must be carefully aligned. HB 1859 HD1 on workforce development drew strong support from workforce and philanthropic groups, who said Hawaii faces a long-term gap between projected living-wage jobs and the number of young people entering the workforce, and argued the bill would create durable infrastructure for coordination and long-term planning. No formal votes or final actions were taken in the portion of the hearing provided.
CA
Transcript Highlights:
  • But kind of touching really quickly: when you look at what happened in 2017, with 6,000 structures destroyed
  • but kind of touching really quickly when you look at what happened in 2017 with you know 6,000 structures
  • So I'm glad to hear that they're still keeping that structure and utilizing it. They are.
  • But understanding what the local codes were going to be is part of helping people structure their plans
  • But they got insurers to agree that a portion of their premium taxes would pay for the grants.
Keywords: 988, house, all
Summary: The hearing focused on lessons from the 2017 Tubbs Fire and how Santa Rosa, Sonoma County, and state partners have changed wildfire prevention, recovery, and rebuilding practices since then. Opening remarks emphasized that catastrophic wildfire is now a statewide issue, that California has shifted more toward prevention and resilience, and that Sonoma County’s recovery has become a model for other communities. Panelists included fire, water, permitting, community recovery, and insurance experts, who described how local experience has informed broader policy discussions. Santa Rosa fire and city officials described major changes in prevention and preparedness, including stronger public education, a vegetation management ordinance, an ignition-free/Zone Zero approach, and more detailed community wildfire protection planning. They said these efforts helped reduce damage in later fires, such as the Glass Fire, and noted ongoing challenges with prescribed burning, smoke management, grant delays, and maintaining vegetation treatments over time. Santa Rosa Water described improvements in regional coordination, backup power, generator redesign, and wildfire contamination response protocols after the city became the first utility to identify wildfire-related contamination in its water system. Community recovery leaders stressed the importance of block captain networks, neighborhood organization, and trusted local information in helping residents rebuild and avoid fraud. They argued for more formal support, training, and funding for block captain programs, as well as better long-term financing for local mitigation work and utility upgrades. Permit Sonoma officials said the county tried to balance speed and safety in rebuilding by streamlining permits, reducing fees, and helping residents rebuild to stronger standards, though they noted the loss of a major BRIC grant has slowed home-hardening outreach. Insurance advocate Amy Bach said wildfire risk reduction is increasingly influencing insurer behavior, with some companies offering discounts or more favorable treatment for Firewise communities and homes meeting wildfire-prepared standards. She urged continued funding for mitigation grants, better disclosure when insurers use aerial imagery to non-renew policies, and caution against removing wildfire coverage from standard homeowners policies. No formal votes or legislative actions were taken in the hearing; it was an informational discussion intended to gather testimony and policy recommendations.
TX

Texas 89th Regular

Appropriations - S/C on Articles I, IV, & V Feb 24th, 2025

Appropriations - S/C on Articles I, IV, & V

Transcript Highlights:
  • Further down, item four discusses changes to align the agency budget structure for the 26-27 biennium
  • Associated with the previous budget structure, so it just breaks all these riders into individual ones
  • I'm still like learning the structure, so I was confused on.
  • And have y'all talked about a structure?
  • Legislature asking for any increases in premiums since 2017 was the last time I had to show up.
Keywords: 1184, house, all
LA

Louisiana 2026 Regular Session

House of Representatives May 27th, 2026

Louisiana House Floor Meeting

Transcript Highlights:
  • Madam Clerk, this bill, SB 485 by Senator Edmonds, transfers authority over insurance premium taxes within
  • It clarifies that insurers may only be subject to one local insurance premium tax for that same risk.
  • It clarifies that insurers may only be subject to one local insurance premium tax for that same risk.
  • Over time, this creates structural strain, not efficiencies.
  • that there has been no recommendation from the Judicial Council, and the fact that the Judicial Structure
CA
Transcript Highlights:
  • And that is because of the structure of the state's disability payment system.
  • One of the key things about this program is that we have a regional structure, so each region is led
  • So because one of the key things about this program is that we have a regional structure.
  • immigrant families are losing access to health care and food support or being forced to pay steep premiums
  • immigrant families are losing access to health care and food support or being forced to pay steep premiums
Summary: The Budget Subcommittee on State Administration heard presentations on the Department of Industrial Relations’ labor-related budget items, with the main focus on proposed trailer bill language to reform the Subsequent Injury Benefits Trust Fund (SIBTF) and a related budget change proposal for staffing. DIR said SIBTF has grown far beyond its original purpose, citing the 2020 Todd decision, expanded eligibility based on chronic or asymptomatic conditions, and a backlog that has grown to more than 30,000 pending cases. The administration argued the reforms would restore guardrails, reduce liabilities and employer assessments, and speed processing for severely injured workers; the LAO said the proposal was largely consistent with its prior recommendations. Members raised concerns about using trailer bill language for major policy changes, the retroactive application to open cases, and the impact on workers already in the queue, while supporters from employer groups and public agencies backed the proposal as necessary to control costs and restore sustainability. Public comment was split, with injured-worker advocates opposing the retroactive changes and business/public employer representatives supporting the reforms. The committee then heard the SIBTF workload request, which would phase in 177 positions over five years at a cost of $36.5 million, including staff for the Division of Workers’ Compensation, the Office of the Director Legal Unit, and administrative support. DIR said the additional staffing is intended to address very high caseloads and reduce processing times, but emphasized that the request assumes the reform package is adopted; LAO agreed the staffing increase made sense if paired with reforms. Members asked about vacancy rates, current staffing, and whether the workload request would become the new normal, and DIR said it would monitor caseload trends and adjust future requests as needed. Finally, the committee received an update on the California Workplace Outreach Program (CWOP), which DIR described as a partnership with community-based organizations to educate workers and help employers comply with labor laws. DIR reported that CWOP has reached 1.75 million workers and employers and made 8 million touchpoints since 2020, with the current round awarding $50.7 million to 87 partners for a two-year period through June 2027. Members and public commenters highlighted the program’s role in reaching immigrant, farmworker, janitorial, nail salon, and other vulnerable communities, and several speakers urged continued funding at $30 million per year for five years. No votes were taken during the hearing.
CA

California 2025-2026 Regular Session

Assembly Judiciary Committee Jun 24th, 2025

Transcript Highlights:
  • These notices detail information such as corporate structure and presentations about the merger presented
  • to provide those that either are going to challenge admissions or discipline within the State Bar structure
  • Others have been told that their premiums would more than double just because they're putting in place
  • And, you know, in some cases, the premiums are doubly in price.
  • This shifts liability from the individual to the entire association, potentially raising insurance premiums
Summary: The committee heard several bills from Senator Umberg and Senator Allen, with testimony from supporters and opponents before roll-call votes were taken once quorum was established. SB 253, the annual State Bar fee bill, would keep fees unchanged while requiring two-year notice for substantial changes to the bar exam, including vendor changes, and returning to an older delivery method for the upcoming exam; it was presented as a response to recent State Bar problems and the February bar exam failure. SB 25, the Pre-Merger Notification Act, would require certain merger parties to provide California’s attorney general the same Hart-Scott-Rodino materials filed federally, so state antitrust review can occur in parallel with federal review; supporters said this would reduce delay and uncertainty, while members questioned whether it would add another layer of review. SB 36 would strengthen price-gouging enforcement after the January 2025 Southern California firestorms by requiring rental-listing platforms to report suspected gouging, expanding consumer and prosecutor remedies, and allowing warrants in housing-related cases; supporters said it would close loopholes, while opponents from business groups raised concerns. All three bills were later approved on roll call, with SB 36 and SB 413 placed on call before final passage and SB 253 and SB 25 moving forward on committee votes. The committee also heard SB 413, which would streamline access to juvenile case files in certain civil cases brought by or on behalf of the youth who is the subject of the file, allowing attorneys to use heavily redacted records without first petitioning the juvenile court. Supporters, including Los Angeles County counsel and county associations, said the current petition process is costly, slow, and routinely granted, creating delays in civil litigation and court congestion. Opponents, including the Youth Law Center, argued the bill would weaken longstanding juvenile confidentiality protections by bypassing judicial review and could expose sensitive information unnecessarily. After discussion about redactions, sealing, and the scope of access, the bill was passed on a do-pass-as-amended vote. Finally, Senator Wahab presented SB 436, which would extend the notice period for nonpayment of rent from three days to 14 days. Supporters, including tenant advocates, legal aid groups, and several local governments, argued the change would reduce unnecessary evictions, give renters more time to obtain assistance or a paycheck, and help prevent homelessness. Opponents, including apartment associations, property owners, and the California Association of Realtors, said the bill would burden landlords, especially small owners, and could unintentionally affect commercial leases; members also raised concerns about repeated late payment and the lack of stronger guardrails. The author said she would work on clarifying commercial coverage and safeguards, and the bill remained under discussion as the hearing continued.
NM

New Mexico 2025 Regular Session

House - Appropriations and Finance Jan 27th, 2025

House Appropriations & Finance

Transcript Highlights:
  • with FY25, whereas the executive recommendation increases personnel costs to cover new insurance premium
  • The LFC recommendation allows for the office to fill vacancies and covers new insurance premium rates
  • we've come up with a process of creating MOUs with the counties, and an admin rule, which really structures
  • Yes, and one item to clarify: the reimbursement structure that was included in SB 108 does have a cap
  • made clear to the committee last year, we reformed entirely what I believe to be an excessive pay structure