Transcript Highlights:

• In one instance, a Russian submarine actually showed up in Greenlandic waters. by accident.
• As we look at the increased Russian submarine and activity there in recent years.
• So it is a key point for monitoring Russian naval activity and, you know, I think we are looking at a
• In the last three years, we have had an enormous amount of Russian-incurred into our airspace, America's
• They're flanking the Russians, Chinese, very strategic.

Committee: Senate Commerce, Science, and Transportation Committee

Keywords: Greenland, acquisition, national security, Arctic, geopolitical, China, Russia, icebreakers, trade routes

Summary: The meeting convened by the Senate Committee on Commerce, Science, and Transportation focused on the potential acquisition of Greenland by the United States. This issue, first raised by President Trump in 2019, has gained renewed significance amidst shifting global dynamics and the strategic importance of Greenland in relation to transatlantic trade routes and national security. The members discussed the geopolitical implications of Greenland's position, especially given the increasing influence of China and Russia in the Arctic region. Notably, the urgency to address military presence and icebreaker capabilities in the Arctic was a major point of contention, with a call for a new fleet to counter foreign dominance in the area.

Transcript Highlights:

• The hosts on Russian state television can't believe their luck that the U.S. is withdrawing from the
• Is President Trump a Russian asset? Absolutely not, Senator.
• For example, he proceeded to forward or express from the Oval Office propaganda that has been Russian
• What else could a Russian acid act actually possibly do that Trump hasn't yet done?
• Do you agree with the five things that President Trump has done, starting with him expressing Russian

Committee: Senate Foreign Relations Committee

Transcript Highlights:

• the way, the ranking member accused me, when I was investigating that, of soliciting, disseminating Russian
• or a kind of brainwashing, convincing journalists and social media platforms that there would be a Russian
• We did a study on the effects of COVID-19 on the Russians.
• Again, not sure why the Russians couldn't have paid for that.
• hoax, particularly spreading misinformation and malinformation about Trump's alleged ties to the Russians

Committee: Senate Homeland Security and Governmental Affairs Committee

Keywords: fiscal responsibility, government waste, foreign aid, funding resolution, legislative oversight

Summary: The committee meeting addressed government spending and foreign aid, with a particular emphasis on perceived wasteful expenditures. A significant portion of the meeting was dedicated to discussing a funding resolution for the committee, which received unanimous support from the members present. The chair noted a quorum at the beginning of the meeting, signaling that the committee was ready to conduct its business. Discussions highlighted ongoing debates concerning fiscal responsibility and the necessity of legislative oversight, notably regarding foreign aid allocations and their implications for domestic fiscal health.

Transcript Highlights:

• in the late 1980s and early 1990s, we referred to the United States government as the Zionist occupational
• Mayer, Eugene Levin, and Eliana Nahumi for discussion on the immigrant Jewish experience, Israelis, Russian
• Mayer, Eugene Levin, and Eliana Nahumi for discussion on the immigrant Jewish experience, Israelis, Russian
• And we need inclusion of Israelis, Russian, Mizrahi, and Persian Jewish voices in every state initiative

Summary: The Special Commission on Combating Anti-Semitism opened by approving the minutes from its November 5, 2025 meeting and outlining plans for its next meeting on November 20, when it expects to vote on the draft master report and recommendations. The chair explained that revised drafts would be circulated, changes would be handled by motion, and the final vote would be by roll call. The meeting then moved through several public panels focused on prevention, education, workplace support, and community safety. Parents for Peace testified that anti-Semitism and extremism should be treated as a public health crisis and urged state funding for training in K-12 schools, healthcare, and law enforcement. The panel described its intervention work with radicalized youth and families, argued for early-warning training for educators, and recommended diversion resources for courts and prosecutors so cases can be addressed before they escalate. Commissioners asked about the origins of radicalization, the need for school-based training, and how to connect courts and police to available resources. Project Shema’s Orrin Jacobson argued that effective anti-Semitism education must be nuanced, pluralistic, and grounded in a better understanding of Jewish identity and contemporary anti-Semitism, especially in conversations about Israel and Palestine. He said the group has run dozens of workshops in Massachusetts and emphasized that institutions should adopt content-neutral norms, train staff and administrators, and measure whether trainings lower tensions and increase willingness to intervene. Commissioners asked about handling activists who reject nuance, the role of faculty versus students, and whether classroom norms should limit teachers from advancing personal agendas. A workplace panel from Klaal and Combined Jewish Philanthropies presented survey data showing many Jewish employees feel unsafe being openly Jewish at work and that antisemitism training is the top requested support. They described rapid growth in Jewish employee resource groups, existing programming and stipends for ERG leaders, and recommended mandatory anti-Semitism training, support for Jewish affinity groups in public and private sectors, and broader convenings of major employers. The commission also heard from Truah rabbis and educators, who urged stronger interfaith solidarity, a state office of faith-based and neighborhood partnerships, and explicit attention to democracy and civil rights as part of anti-Semitism strategy. After a recess, the commission heard from Israeli-American, Russian Jewish, and Persian Jewish witnesses who described antisemitism as a lived, personal, and civic issue affecting immigrants and their families. They called for inclusion of diverse Jewish voices in state initiatives, stronger protections for Israeli-American businesses, and recognition that anti-Zionist rhetoric often becomes direct harassment of Jews. The chair said the testimony and suggested edits would be incorporated into the draft report, and the meeting ended with plans for further revisions before the final vote.

Transcript Highlights:

• SB 880 expands homeownership opportunities by ensuring prospective homeowners, prospective owner-occupants
• addresses the unfair landscape institutional investors have created by giving prospective owner-occupants
• More importantly, it gives prospective owner-occupants the opportunity to submit an offer for consideration
• dispose of real estate owned properties after post-foreclosure and notice for prospective owner-occupants
• And it still can be sold investor to investor, but more specifically, give a heads up to the occupant

Summary: The committee heard testimony on several bills, beginning with SB 16, which would require county behavioral health directors to create clear pathways for clinicians to be authorized to initiate 5150 involuntary holds. The author and supporters argued the bill would reduce reliance on law enforcement and create more consistent crisis response standards statewide, while county behavioral health directors opposed it as an unfunded mandate that could increase law enforcement involvement and create implementation burdens. Members raised questions about county costs and funding, but the author emphasized the bill’s role in building a more clinical response system. SB 561 would require public guardians to acknowledge conservatorship referrals, make determinations within a reasonable time, and provide status updates on request. Supporters said the bill would reduce delays that leave vulnerable adults in limbo, while the opposition from public guardian representatives was removed after amendments. SB 381 drew extensive public testimony in support; it would allow California-born adoptees, and descendants of deceased adoptees, access to original birth certificates, with a nonbinding contact preference form for birth parents. Supporters framed the bill as a matter of dignity, identity, and health, and there was no formal opposition on the record. The committee also discussed SB 880, which would give tenants and prospective owner-occupants notice and a first opportunity to make an offer when institutional investors sell certain homes. Supporters said it would expand homeownership opportunities and preserve neighborhood stability, while opponents warned about conflicts with federal law, bundled-sale restrictions, and impacts on build-to-rent and affordable housing projects. Members and the author discussed possible amendments to address those concerns. SB 1238 would impose a duty of care and additional transparency requirements on HOA managers and boards; supporters said it would protect homeowners from mismanagement, while the main opposition argued the duty should remain contractual and could increase litigation. Finally, SB 423 would require disclosure of emergency-service records related to private detention facilities, and SB 28 would make changes to the CARE Court process, including a statewide ombudsperson and expanded oversight; both drew support and opposition, with concerns focused on transparency, privacy, implementation, and the balance between treatment and coercion. SB 574, discussed at the end, would require disclosure and human oversight for AI use in courts and legal practice and create a complaint process for ADR providers, with the State Bar noting requested amendments related to complaint handling and confidentiality.

Transcript Highlights:

• could benefit the Taliban and other terrorist organizations, and it continues to shine a light on Russian
• In Ukraine, democracy programs help document Russian war crimes against women and children.
• </c><05:32:56.400><c> war</c><05:32:56.638><c> crimes</c><05:32:57.440><c> against</c> document Russian
• war crimes against document Russian war crimes against women<05:32:58.080><c> and</c><05:32:58.400><
• This treaty restricted the U.S. and Russian nuclear arsenals and provided some measure of stability in

Bills: HB7006 , HR992

Keywords: appropriations, national security, foreign aid, transparency, democracy, House Resolution 992, H.Res. 992, HR 992, rule resolution, procedural rule, Rules Committee, Committee of the Whole, previous question, motion to recommit, waiver of points of order, closed rule, structured rule, FY2026 appropriations, consolidated appropriations, federal spending

Transcript Highlights:

• There he took part in the Allied occupation as a member of the Fifth Air Force and, in his own words,
• There he took part in the Allied occupation<00:10:00.560><c> as</c><00:10:00.800><c> a</c><00:10:00.959
• as a member of the fifth air occupation as a member of the fifth air force<00:10:02.560><c> and</c><
• So, an individual who works at the Russian embassy, holding a Russian passport in their pocket, residing
• </c> Russian embassy holding a Russian Russian embassy holding a Russian passport<05:22:28.400><c> in

Bills: HR884 , HB2096 , HR489

Keywords: special rule, House Rules Committee, procedural resolution, floor procedure, waiver of points of order, structured rule, amendment in the nature of a substitute, motion to recommit, House debate, legislative process, H.R. 6039, commonsense priorities, majority leader, minority leader, Congressional Record, House resolution, law enforcement, collective bargaining, Montgomery Police Department, disciplinary matters

Transcript Highlights:

• Donald John Trump has threatened foreign nations with invasion, the annexation of territory, and the occupation
• territory, invasion, the annexation of territory, and<02:41:45.840><c> the</c><02:41:46.800><c> occupation
• </c><02:41:47.439><c> of</c><02:41:47.760><c> sovereign</c> and the occupation of sovereign and the occupation

Bills: HR249 , HCR30 , HB2215 , HB2492 , HR952 , HR618 , HR531 , HB1829 , HB1550 , HR677 , HR1001 , HR167 , HR331 , HB1612 , HB1682 , HR364 , HR353

Keywords: Greece, Greek Independence Day, War of Greek Independence, philhellene, Greek-American, Hellenic, foreign affairs, bipartisan resolution, NATO, Eastern Mediterranean, Balkans, energy security, defense cooperation, Mutual Defense Cooperation Agreement, 3+1 partnership, Israel, Cyprus, Alexandroupolis, human rights, democracy

Transcript Highlights:

• </c> Russian aggression. Russian aggression.
• <c> energy</c><08:34:42.958><c> revenues,</c> would cut off Russian energy revenues, would cut off Russian
• </c> without provocation, Russian dictator without provocation, Russian dictator Vladimir<08:53:57.360
• And the Russians month on the Russians.
• </c> time Ukraine hits a Russian target. time Ukraine hits a Russian target.

Bills: HB2913 , HR518 , HB8646 , HR1336 , HCR84

Keywords: Ukraine, support, foreign affairs, military aid, international relations, agriculture, funding, food safety, nutrition, pest management, House resolution, procedural resolution, Rules Committee, Rule XIII, clause 6(a), waiver, supermajority, same-day consideration, reconciliation, budget reconciliation

Transcript Highlights:

• I think of the Russian River watershed as a place where there is a... ...others.
• I think of the Russian River watershed as a place where there is a supply-demand assessment that we've
• Russian River watershed might be able to be applied to these other watersheds, but it's something we
• It's... ...on the Russian River, anybody applying for getting these permits so far.
• How do we continue to ensure that both the Russian River watershed but also the Eel River are able to

Summary: The hearing focused on oversight of AB 658 and the State Water Resources Control Board’s five-year temporary permits for groundwater recharge. Assembly Member Arambula and committee members discussed how the permits are intended to help capture high flows during wet periods, support SGMA implementation, and store water underground for later use. The State Water Board chair said the five-year permits have become an important tool, with seven five-year permits issued this season and over 43,000 acre-feet authorized, but noted that actual recharge depends on hydrology and that the board is open to improvements. Members and witnesses discussed several possible changes to make the program more effective: allowing a two-year delay before the five-year permit clock starts, codifying CEQA exemptions that have been used through executive order, and shifting from a public objection model to a public comment model to reduce delays. There was also discussion of water availability analyses, with some members asking whether the state could develop a broader statewide assessment to reduce consultant costs and make permitting more predictable. The board said such an effort would be large and costly, but could potentially save applicants money and improve consistency. District representatives described their experiences. Stockton East said the five-year permit was more cost-effective than repeated 180-day permits, but that the 90-20 methodology, consultant costs, and a burrowing owl survey condition made use difficult. Omaha-Hartnell Water District said its recharge work depends on simple, low-cost infrastructure and that five-year permits, CEQA reform, and lower upfront fees would help small districts. A consultant working with Scott Valley and Sierra Valley said five-year permits can work well in different basins, but local infrastructure, stakeholder coordination, streambed alteration agreements, and upstream flow constraints can limit recharge. Members also raised concerns about basin connectivity, downstream water rights, and the need to pair recharge with sustainable groundwater pumping and broader water storage planning.

Transcript Highlights:

• The majority of these are Russian and Chinese.
• Just like the five occupational licensure compacts that Texas is already a member of, this compact will

Committee: Senate Business & Commerce

Summary: The Senate Committee on Business and Commerce met with a quorum and took up a long list of pending House bills, most of them on motions by Senator King or Senator Campbell. The committee adopted committee substitutes and favorably reported numerous bills, including HB 252, HB 700, HB 1500, HB 1545, HB 1562, HB 1732, HB 267, HB 2213, HB 2221, HB 2520, HB 2818, HB 3016, HB 3214, HB 3250, HB 3512, HB 3623, HB 3689, HB 3833, HB 4063, HB 4395, HB 4690, HB 4751, HB 5331, HB 3824, HB 4464, HB 4468, and HB 5247. Most of these were sent to the local and uncontested calendar, while some, including sunset and other significant measures, were reported to the full Senate. HB 146 was the only bill reported out on a divided vote, passing 6 ayes to 4 nays. Several bills received brief explanation of committee substitute changes. HB 3016, dealing with rental car collision damage waivers and stolen vehicles, was amended to change a cooperation standard from “fully cooperate” to simply “cooperate.” HB 3689, a major ESF/TWA financing bill, was described as making technical changes to align terminology with the Comptroller’s authority and to avoid creating state debt or new liability. HB 5247, a capital cost recovery bill for transmission in the Permian Basin, was revised to clarify how the new mechanism fits with existing Utilities Code provisions and to add a 2035 expiration date. HB 3824, the battery fire safety bill, also received technical changes to align terminology with industry usage. The committee heard public testimony on several pending measures. HB 3069, which would direct the PUC to develop supplemental multi-decade planning criteria for transmission certificates in ERCOT, drew support from industry, environmental, and manufacturing witnesses who said it would help address congestion costs while balancing consumer protections; the bill was left pending. HB 5196, requiring state agencies to adopt and post telework policies and use written telework agreements, received both support and concern: supporters said it would preserve productivity and retention, while a senator raised concerns about notice and family logistics; it was left pending after testimony. HB 3112, allowing closed deliberations on cybersecurity policy details, was laid out and left pending after brief discussion. HCR 102, supporting federal nuclear tax credits, drew testimony from nuclear industry and energy advocates, who argued the credits are essential for existing plants, new nuclear development, grid reliability, and U.S. competitiveness; the resolution was left pending, with discussion about whether the language should focus more exclusively on nuclear. HB 705, creating a cosmetology licensure compact, was supported by industry, employers, and compact experts as a mobility tool that preserves state authority; HB 3516, expanding a public information exemption for Railroad Commission administrative law judges and technical examiners, and HB 3388, authorizing group property and casualty coverage for personal lines, were also heard and left pending. At the end of the meeting, the committee recessed subject to the call of the chair.

Transcript Highlights:

• founded in 1989, continues to foster a strong ties, supporting the growth and integration of the Russian
• relationships HP seven nine four by Harrison Relating to limitations on the enforcement of certain occupational

Transcript Highlights:

• Zimmerman will have responsibility for managing the NATO alliance and countering Russia, Russian aggression
• priorities and how he... plans to revitalize the NATO alliance and develop initiatives to counter Russian
• He's dealt face-to-face with Russian energy. oligarchs and traveled the world, from Europe to the Middle
• This is a depiction of the Russian and Chinese incursions into our ADIZ and into our EEZ in the last
• Chuck Chesey, if you're in a single-engine F-16 intercepting Russian Bear Bombers in the middle of the

Committee: Senate Subcommittee on Personnel

Keywords: Department of Defense, nominations, Matthew Lohmeyer, Justin Overbaugh, global security, military readiness, NATO, Russia, China, defense infrastructure

Summary: The meeting was primarily focused on discussing nominations for key positions within the Department of Defense, specifically for roles such as the Undersecretary of the Air Force and the Deputy Undersecretary of Defense for Intelligence and Security. Senators expressed urgent concerns about global security threats, the need for robust military readiness, and the emphasis on effective collaboration with NATO allies amidst rising tensions with adversaries such as Russia and China. Several senators highlighted the challenges facing military infrastructure and defense capabilities, suggesting a critical need for improvements and investment in these areas to ensure national security.

Transcript Highlights:

• I think that's the biggest part, but from an LNG perspective, you look at Russian LNG, and the fact that
• If you look right after the Russian invasion of Ukraine, it was about $127 a barrel.
• If you look right after the Russian invasion of Ukraine, it was about $127 a barrel.
• This is similar to what we saw during the Russian invasion of Ukraine, where, again, you had the peak
• And you can see it, for instance, after the Russian invasion of Ukraine, just how quickly prices came

Committee: House Natural Resources & Environment

Bills: HR498 , HR845 , HR1366 , HB4776

Keywords: antisemitism, Jewish safety, civil rights, hate crimes, freedom of expression, political protest, drowsy driving, road safety, public awareness, preventative measures, traffic accidents, NEPA, National Environmental Policy Act, environmental review, permitting reform, permit streamlining, infrastructure, economic development, federal agencies, categorical exclusion

Transcript Highlights:

• Regardless of my previous occupation, because it wasn't there when I, you know, nine years ago when I
• In my district, there’s a significant number of both Russian and Ukrainian individuals who live here.
• In my district, there's a significant number of both Russian and Ukrainian individuals who live here.

Summary: The chamber first established a quorum, then moved through House Bills for Perfection. The first major measure discussed was House Bill 305, which would set policies for reconsideration of library materials in public and school libraries, require appeals processes, and prohibit tracking or retaining personalized user data, especially for minors. Supporters framed it as a local-control and parental-rights bill that largely codifies existing library practices, while some members raised concerns about the privacy language and whether materials should be removed during reconsideration. After discussion, the House adopted the committee substitute and ordered the bill perfected and printed. Members then took up House Bills 2366 and 2511, a bipartisan construction-industry bill aimed at combating illegal labor and off-the-books hiring. The bill would give the Attorney General more investigative authority, including subpoena power, require complaints to be made by affidavit, and impose stronger penalties on violators. Supporters said it would protect law-abiding contractors and workers and level the playing field, while some members asked about possible overreach and whether the bill could be used against businesses unfairly. The substitute was adopted and the bills were ordered perfected and printed. House Bill 2409 followed, proposing child care tax credits for contributions to providers, employer assistance, and provider expansion; it was presented as a response to Missouri’s child care shortage and workforce challenges. Members from both parties largely supported it as an economic and family policy, though one member noted the bill’s fiscal cost and contrasted it with recent budget cuts to child care subsidies. The House adopted the substitute and ordered the bill perfected and printed. The chamber also considered House Bill 1885, which makes changes to the Missouri Clean Water Commission by adjusting membership qualifications and conflict-of-interest rules to make appointments easier while adding recusal procedures. Members said the changes would help fill vacancies and bring in knowledgeable members, and the bill was ordered perfected and printed. House Bill 2658 addressed telephony laws, expanding the no-call list to any phone subscriber, adding anti-spoofing provisions, and creating penalties for caller ID spoofing; an amendment adding misdemeanor penalties for spoofing was adopted, and the bill was then perfected and printed. House Bill 1919 would require more employers to file certain tax withholding documents electronically, aligning state practice with IRS rules; it passed with support and was ordered perfected and printed. Finally, House Bill 1871, an omnibus elections bill, proposed several election administration changes, including electronic receipt of notices, shifting filing deadlines away from holidays, expanding testing windows for voting equipment, protecting the confidentiality of the permanently disabled voter list, requiring tax compliance for certain local candidates, and tightening write-in candidate rules. A key amendment removed an expansion of no-excuse absentee voting to keep the fiscal note at zero; that amendment was debated at length and then adopted before the bill moved forward.

Transcript Highlights:

• They're actually very crucial in my home state of Alaska, where Russian and Chinese incursions into our
• women who fly these intercepts missions from Alaska, do nearly 2,000-mile round trips to intercept Russian
• respond to the types of attacks we may see in any kind of conflict, or heck, the Russians and Chinese
• happening on the northern border, and as you and I talked about, we've had a really high level of Russian
• our EEZ. on the water, and very disturbingly and unprecedented, a number of these are joint Chinese-Russian

Committee: Senate Subcommittee on Readiness and Management Support

Keywords: Transcom, logistics, military readiness, air refueling, KC-135, KC-46, strategic infrastructure, geopolitical threats, Alaska

Summary: During this meeting, the committee hosted an extensive discussion on the operations and logistical challenges facing the U.S. Transportation Command (Transcom). General Reid provided testimony on key areas including the importance of maintaining robust logistical capabilities in contested environments, particularly in relation to geopolitical threats posed by adversarial nations. Various members emphasized the necessity for modernization of the air refueling fleet, addressing issues such as the readiness of the KC-135 and the procurement of the next-generation KC-46 aircraft, which has experienced delays and technical challenges. The dialogue further extended to the strategic importance of U.S. ports and transportation infrastructure, especially in regions like Alaska which play a crucial role in military logistics and power projection.

Transcript Highlights:

• House Bill 2243 is the bill that allows physical therapists and occupational therapists to be attending
• For example, L&I has the Centers of Occupational Health and Education, and there's a network of providers
• non-English-speaking employees may be Spanish to translate it into Chinese, Vietnamese, Tagalog, and Russian

Bills: HB2091 , HB2105 , HB2218 , HB2107 , HB2137 , HB2243 , HB2264

Committee: House Labor & Workplace Standards

Keywords: public employers, employee information, bargaining representatives, labor relations, union representation, immigrant worker protections, immigrant rights, worker protections, I-9 audit, Form I-9, employment eligibility verification, workplace raid, federal immigration inspection, employer notice, anti-retaliation, retaliation, Attorney General enforcement, private right of action, labor law, workplace rights

Transcript Highlights:

• Supreme Court to have a new hearing on the ruling and that did not come from Russian of either.
• have to admit, I think this helps your argument that the driving is more aggressive to go get the occupant

Transcript Highlights:

• I think that's the biggest part, but from an LNG perspective, I mean, you look at Russian LNG, and the
• If you look right after the Russian invasion of Ukraine, it was about $127 a barrel.
• If you look right after the Russian invasion of Ukraine, it was about $127 a barrel.
• This is similar to what we saw during the Russian invasion of Ukraine, where, again, you had the peak
• And then the Russian invasion of Ukraine.

Summary: The House Natural Resources Committee met with a quorum and first took up several property-transfer bills. House Bill 110, authorizing transfer of certain state property in St. Tammany Parish for a pocket park in Mandeville, was reported favorable without objection. House Bill 634, transferring state property in St. Martin Parish to Brownell Land Company LLC, was also reported favorable. House Bill 677, allowing the Tensaw Parish School Board greater flexibility to exchange school land for property of equal or greater value with certified appraisal requirements, was reported favorable after questions about the location and purpose of the exchange. House Bill 735, a cleanup bill transferring property from DOTD to LSU Health Shreveport to support expansion and parking near Mall St. Vincent, was likewise reported favorable. The committee then held an informational hearing on the effects of the Iran conflict on Louisiana’s energy sector. Secretary Dustin Davidson said the conflict has driven oil prices sharply higher, with consumers bearing the cost through higher gasoline and especially diesel prices, while producers and refiners may see short-term gains. He warned that diesel increases can signal broader economic slowdown and discussed global shipping disruptions, the Strait of Hormuz, and Saudi Arabia’s response. Members asked about Louisiana’s ability to benefit from higher prices, the timing of increased drilling, and the role of carbon capture and infrastructure investment. Davidson said higher prices could support more drilling and severance tax revenue if sustained long enough. Industry witnesses Tommy Fochay of LOGA, David Cresson of the Louisiana Chemical Association, Mike Moncla of LOGA, and LSU energy economists Greg Upton and Tyler Gray emphasized Louisiana’s role as a major LNG exporter, refiner, and petrochemical hub. They said geopolitical shocks create volatility, but Louisiana’s abundant natural gas, infrastructure, and export capacity position the state to help meet global demand. They urged stable policy, competitive taxes, pipeline and workforce investment, and caution on regulations. Upton and Gray presented data showing oil price spikes are likely temporary, futures markets expect prices to ease over time, rig counts respond with a lag, and Louisiana natural gas prices have remained relatively insulated so far. The committee adjourned after the presentations and questions.