Transcript Highlights:

• onto the plan, there was insufficient funding from the premiums that they would pay, that EGI could borrow
• through 47, and then on to page 8, line 4, there is a provision in the introduced version to allow borrowing
• onto the plan, there was insufficient funding from the premiums that they would pay, that EGI could borrow
• 16:41.120> LSR<00:16:42.320> and<00:16:42.560> in<00:16:42.880> the to borrow
• from the LSR and in the to borrow from the LSR and in the instance<00:16:43.360> that<00:16:43.920

Bills: HB0150

Keywords: Wyoming business council, economic development, task force, evaluation, policy reform, 916, all

Transcript Highlights:

• We're borrowing the money.
• We need to ask a simple question, why are we borrowing money to send money overseas?
• I'll go to the bank, and I'll borrow $1,000 to give to this person. That's what we are doing.
• We can't pay for our own, and we are borrowing the money we send overseas. That money could be.
• We're being forced to borrow another 9 1.9 trillion dollars to make up for it.

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:

• This does not require a specific timeframe but it gives the flexibility to be able to go and borrow.
• the AA to be able to go and borrow additional funds to finish the construction on this project.
• There's no danger as far as our borrowing authority or anything of that nature. borrowing authority or
• I hate to have to go to borrow money with the state, and as a... and as a...
• What you're asking for is an increase of potential borrowings from the 785 to the 1.25 billion.

Bills: HB30, HB263, HB357, HB359, SB60, SB102, HB30

Keywords: elections, post-election audit, election audit, risk-limiting audit, ballot audit, election integrity, voter confidence, Secretary of State, judge of probate, canvassing board, poll watchers, ballot containers, manual tally, recount, county election, statewide election, general election, absentee ballots, provisional ballots, election transparency

Transcript Highlights:

• , when you can borrow it, and who you have to report back to.
• <00:26:24.640> it, you can borrow, when you can borrow it, you can borrow, when you can borrow
• an exodus, then you're borrowing against adequacy, which the courts have told us is inadequacy.
• And<00:47:54.560> so<00:47:55.359> if<00:47:55.680> you<00:47:56.000> borrow<
• /c> And so if you borrow And so if you borrow against<00:47:58.480> your<00:47:59.280> projected

Keywords: 1191, senate, all

Transcript Highlights:

• We're heading towards now borrowing, excuse me, spending 25% of the entire economy.
• We're right on target, but our spending, we're going to borrow about 7.2, 7.3% of the entire economy
• We're heading towards<08:42:25.360> now<08:42:25.760> borrowing,<08:42:26.478> excuse
• <08:42:26.718> me, towards now borrowing, excuse me, towards now borrowing, excuse me, spending
• about 7.2 7.3% of we're going to borrow about 7.2 7.3% of the<08:42:48.638> entire<08:42:49.120

Keywords: U.S. House of Representatives Floor Proceedings on Tuesday, June 10, 2025, 1012, house, all

Transcript Highlights:

• borrowing.
• borrowing.
• borrowing.
• borrowing.
• borrowing.

Keywords: 1187, senate, all

Transcript Highlights:

• WE CAN DIVIDE THAT BY 10 SO We borrow $6 billion a day.
• So we're going to borrow 7.3% of GDP, is my latest number.
• Baseline, we add $22 trillion of additional borrowing over the next 10 years.
• ADDITIONAL BORROWING OVER THE NEXT 10 YEARS.
• Borrow more in this 10-year period than we did in the previous 240 years. 240 years of borrowing on the

Keywords: U.S. House of Representatives Floor Proceedings on Monday, March 31, 2025, 1012, house, all

Transcript Highlights:

• . you know, there's a certain level below which a lot of entities cannot borrow.
• Currently, policyholders are paying for these borrowing costs through their premiums.
• The surcharge is 1.6% of a premium, but the term depends on how much is borrowed.
• The surcharge is 1.6% of a premium, but the term of that depends on how much is borrowed.
• So, in essence, what it does is it saves the cost of borrowing.

Bills: HB 106, HB144, HB145, HB252, HB1732, HB2221, HB2467, HB2468, HB2517, HB2518, HB2963, HB3016, HB3689, HB3960, HB4386, HB4490, HB4751, HB5247, HJR175, HB2213

Keywords: HB 106, oil and gas, Railroad Commission of Texas, overhead electrical lines, electrical distribution system, power line maintenance, administrative penalty, Natural Resources Code, oil and gas lease, well operator, energy safety, utility infrastructure, regulatory compliance, cleanup fund, oil and gas regulation and cleanup fund, production safety, leasehold operations, electric utility, distribution poles, inspection

Summary: The committee first handled pending business, including reconsidering SB 715 and then voting out several measures. The committee substitute for SB 1978 was reported favorably, and HB 431, HB 1522, HB 1922, HB 3228, HB 3229, HB 3803, HB 3804, HB 3805, HB 3806, HB 4219, HB 4238, HB 434, HB 1584, and HB 4739 were all reported favorably, many with objections sent to the local and uncontested calendar. HB 1522 and HB 4238 were adopted as committee substitutes before passage. The committee then moved into public testimony on HB 2963, a right-to-repair bill for consumer electronics. Supporters argued it would reduce waste, lower costs, and help independent repair shops by requiring manufacturers to provide parts, tools, and information on fair terms, while opponents said the bill was too broad and the automotive MOU exemption was problematic. The bill was left pending after testimony. The committee also heard HB 2467, which would align State Fire Marshal Office investigators’ pay with other commissioned peace officers at TDI; testimony was strongly supportive, emphasizing the office’s arson-investigation role, and the bill was left pending. HB 252, a bill allowing certain state agencies flexibility to pay Schedule A employees twice monthly, was laid out and left pending after limited testimony. HB 2468, dealing with public improvement district notice in real estate transactions, would let buyers terminate within seven days if required PID notice was not provided before contract execution; it drew no public testimony and was left pending. HB 4386, an annuity exchange and surrender process bill, was presented as a consumer-protection measure with deadlines and penalties for insurer delays; it received support from industry witnesses and was left pending. The committee then heard HB 4751, creating the Texas Quantum Initiative within the Governor’s Office to coordinate quantum research, workforce, industry partnerships, and possible future grant funding. Witnesses from universities and industry supported the bill, while several senators questioned whether a new state structure was necessary; the bill was left pending. HJR 175 proposed a constitutional amendment protecting Texans’ right to use mutually agreed forms of exchange, including cash, bullion, digital currency, or private script, and was discussed at length in the context of central bank digital currency and barter; it was left pending after testimony. HB 2221, updating insurance anti-rebating laws to allow wellness and value-added services, drew supportive testimony from the insurance industry and discussion about incentives versus monitoring; it was also left pending. Finally, the committee heard a series of utility wildfire and infrastructure bills: HB 106, requiring oil and gas operators to maintain certain electrical infrastructure near well sites; HB 144, requiring electric utilities to submit pole inspection and management plans to the PUC; and HB 145, requiring wildfire mitigation plans and allowing self-insurance under certain conditions. Utility, insurance, and cooperative witnesses generally supported the wildfire-related bills while asking for clarifications and less burdensome reporting, and the bills were left pending.

Transcript Highlights:

• So we did, I believe, 18 events around the state last year for student borrowers.
• Hochul expands consumer protections in student lending and reinforces and adds more funds to those borrower
• protection and borrower education initiatives.
• So a release means if there's a release opportunity in the loan, it's clearly disclosed to the borrower
• Then again, Governor Hochul has put more resources into DFS for borrower education services that I said

Keywords: 993, senate, all

Summary: The Senate Banking Committee met for its first meeting of the session, with Chair James Sanders Jr. and Ranking Member George Borrello opening the hearing and noting a collaborative approach to committee work. The committee first considered and advanced several bills: S.114, which would prohibit state-chartered banks from investing in or financing private prisons; S.2040, which would require money transmitters to provide a consumer warning; S.5473, which would require disclosures in advertisements involving virtual tokens; and S.8406, Sanders’ bill to amend the community bank deposit program. Each bill was moved and approved by committee, with S.8406 passing unanimously. The committee then heard from Caitlin Azar, Acting Superintendent of the Department of Financial Services (DFS), who outlined her background and DFS priorities. She emphasized affordability, consumer protection, stability, and innovation, and discussed DFS-led initiatives in the governor’s budget, including Banking Development Districts, non-bank mortgage CRA regulations, CDFI investment guidance, and consumer restitution. She also said DFS plans to issue buy-now-pay-later regulations in February, expand student lending protections and borrower education, and continue work on insurance affordability, including auto and homeowners insurance reforms, anti-fraud efforts, and discounts tied to telematics, dash cameras, and safe-driving courses. Members questioned Azar about the balance between regulation and access, especially in crypto, buy-now-pay-later, and insurance markets. She said DFS aims to preserve competition while preventing discriminatory or excessive practices, and described existing oversight of virtual currency, including coordination with federal regulators. Another member asked about AI in auto insurance underwriting and pricing; Azar said DFS requires transparency, bias review, governance controls, and consumer recourse, and that credit scores cannot be used to deny or increase rates. The chair also raised concerns about foreclosure in Southeast Queens, improving BDD paperwork and data collection, and increasing the number of state-chartered credit unions. Azar said DFS is working on process improvements, community input, and maintaining open communication with the committee, but no additional votes or formal actions were taken during the DFS hearing.

Transcript Highlights:

• You can borrow money from friends and family.
• This is money borrowed from a company for a fee, and to me that's a loan.
• About 30% of borrowers, the people who drive this market, they are super users.
• than borrowed, increasing the risk of overdraft, and falling more and more into debt.
• Having to re-borrow again and again, this predatory loan loophole bill targets our most vulnerable.

Transcript Highlights:

• So, this is $2 billion of borrowing authority for the Maryland Transit Authority, sir.
• So, this is $2 billion of borrowing authority for the Maryland Transit Authority, sir.
• So, this is $2 billion of borrowing authority for the Maryland Transit Authority, sir.
• So, this is $2 billion of borrowing So, this is $2 billion of borrowing authority authority authority
• >> All this borrowing is going to result in toll increases. Point blank, it's coming.

Keywords: House streaming session for Thursday, February 12, 2026, 957, house, all

Summary: The House convened with 124 members present, opened with prayer, and approved the previous day’s journal. Members then adopted a congratulatory House resolution honoring the Kent Island High School boys lacrosse team for winning the 2025 Maryland Class 2A state championship. The House also journalized Baltimore City 2026 bond/loan authorization resolutions and moved a series of introductory House bills and bond initiatives through first reading and committee referral without objection. On the special order calendar, House Bill 28, concerning higher education/private career schools advertising, received a favorable report and was ordered printed for third reading. House Bill 226, creating a Department of Disabilities housing programs and affiliated foundations structure, was also reported favorably as amended. Two floor amendments were adopted to that bill: one clarifying that any affiliated foundation may only raise funds or provide support and may not run programs or set policy, and another restoring conflict-of-interest and ethics protections, including limits on family members and public ethics application requirements. A later amendment to HB 226 was rejected by a recorded vote of 95 in the negative, and the bill was ordered printed for third reading. The most extended debate centered on House Bill 229, which increases the Maryland Transportation Authority’s revenue bond limit from $4 billion to $5 billion to help finance the Francis Scott Key Bridge rebuild. One amendment sought to prohibit toll increases without General Assembly approval; its sponsor argued the added borrowing would likely lead to future toll hikes and that elected representatives should vote on them. The floor leader opposed the amendment, saying it would weaken MDTA’s independent rate-setting authority, harm its bond rating, and increase financing costs, while noting the bill is intended to cover bridge reconstruction costs and federal reimbursement timing. After debate, the amendment failed on a recorded vote, and HB 229 was ordered printed for third reading.

Transcript Highlights:

• There's no additional cost to the borrower as a result.
• The borrower does have to bring equity, so they need to have skin in the game.
• Borrowers will submit their application and all the requirements for the program to ECCD.
• On page 2, at the very bottom of the talk, one of the bullets is borrower equity.
• Half a million dollars—that's a half a million dollars to be borrowed for 20 years.

Transcript Highlights:

• <00:23:48.720> in allows school districts to borrow in allows school districts to borrow in
• The specific amount of borrowing to be recognized as revenue.
• adequacy, then if you're going to borrow those monies in advance, you must use them for adequacy.
• If you're going to borrow from special education aid, and we here, we are prorating that money.
• If you're going to borrow from special education aid, and we here, we are prorating that money.

Keywords: 1191, senate, all

Transcript Highlights:

• It has benefits to my credit As a company that borrows most of the money to make these investments, that
• So you can borrow money, but you have to borrow money.
• I can borrow money, but just like all of us personally, I have a credit rating.
• helps to reset that and gives me the chance to have a better credit rating as I go to the bank and borrow
• money or go to investors and borrow money from them.

Bills: HB1237, HB2663, HB3071, HB4384

Keywords: occupational licenses, renewal, Texas Commission on Environmental Quality, registration, license expiration, HB 2663, inactive well, plugging extension, Railroad Commission of Texas, RRC, oil and gas, orphan wells, well cleanup, well plugging, abandoned wells, surface equipment removal, electric service termination, administrative penalty, Natural Resources Code, Section 89.029

Summary: The Senate Committee on Natural Resources heard several House bills dealing with environmental regulation, oil and gas safety, landfill permits, and utility cost recovery. HB 1237, by Rep. Geren and sponsored by Sen. Zaffirini, would extend TCEQ occupational license renewal deadlines from 30 days to 90 days, allow renewal up to one year with higher fees, and require a new application after longer expiration; the committee substitute clarified that applicants may continue working only until renewal is approved or denied and set a 180-day cutoff for renewal. HB 3071, sponsored by Sen. Hancock, would require TCEQ to cancel certain long-dormant municipal solid waste permits; members discussed concerns about precedent, ownership changes, and whether the bill should be narrowed, and the bill was left pending with a committee substitute expected. The committee also heard HB 2663, sponsored by Sen. Birdwell, which would require operators of inactive oil and gas wells to remove or de-energize electrical equipment after 10 years and authorize Railroad Commission penalties for false compliance. Testimony from landowners, cattle raisers, and the Sierra Club supported the bill as a wildfire-prevention measure, and the bill was left pending. HB 4384, also by Rep. Darby and sponsored by Sen. Birdwell, would let natural gas utilities defer certain infrastructure costs for later recovery through the GRIP process; utility representatives supported it as credit-positive and consistent with existing accounting, while consumer advocates opposed it as increasing rates without enough oversight. The committee discussed possible amendments to add more cost controls, and the bill was left pending. Later, the committee voted HB 2563, the companion to SB 2510, favorably to the full Senate by a 5-0 vote and ordered it certified for the local and uncontested calendar. The committee then took up HB 143, which would codify interagency procedures for addressing electrical power line safety at well sites and related facilities after wildfire concerns; members said a committee substitute had been negotiated with agencies and stakeholders to clarify responsibilities, timelines, and inspection authority while reducing fiscal impact. No final vote was taken on HB 143, and the committee recessed with several bills still pending.

Transcript Highlights:

• <00:42:12.480> costs keeping the state's borrowing costs keeping the state's borrowing costs
• It increases our overall borrowing cost.
• It increases our overall borrowing cost.
• It increases our overall borrowing cost.
• So it ultimately does drive our overall borrowing costs to the lowest possible level.

Keywords: 1187, senate, all

Summary: The Committee on Capital Investment held its first meeting of the 2025 session with members and staff introducing themselves and describing their priorities. Senators from both parties repeatedly emphasized the goal of passing a strong bipartisan bonding bill this year, with several members noting that local projects were delayed after no bonding bill passed the previous year. Chair Housley also said the committee would not meet later that week and previewed an upcoming presentation from MMB on federal funds. The committee then heard a presentation from MMB’s Leah Corey and Anna Ming on Minnesota’s federal funding efforts. Corey explained that MMB’s federal funds team coordinates state efforts to maximize funding from IIJA, IRA, CHIPS, and related federal programs. She said Minnesota has secured about $12.3 billion in federal funding so far, including roughly $3 billion more since the last presentation, supporting about 1,800 projects statewide. Most of the funding is going to transportation, roads, and bridges, with other major areas including clean energy and weatherization. She also highlighted an interactive public dashboard showing projects by region and noted that much of the data reflects funds flowing through the state enterprise. Corey also discussed state match programs that helped unlock federal dollars, including the IIJA discretionary match fund, the State Competitiveness Fund, and the Forward Fund. She said $180 million in state match has unlocked about $1 billion in federal investment through the IIJA discretionary match fund, nearly $17 million in state investment has unlocked nearly $90 million in federal funding through the State Competitiveness Fund, and $124 million for the Forward Fund has unlocked nearly $1 billion in federal and private investment. Members asked whether more state dollars could have brought in more federal funds; Corey said she was not sure, but noted the IIJA match fund is expected to run out in the coming months. The presentation also focused on direct pay tax credits under the Inflation Reduction Act, which allow tax-exempt entities such as governments, nonprofits, school districts, and tribal nations to receive payments for eligible clean energy projects after they are completed. Corey said the state is building awareness and technical assistance around direct pay, including educational sessions and a tax expert resource. She also described Minnesota’s Green Bank, the Minnesota Climate Innovation Finance Authority, which is beginning to issue loans for projects such as community energy, nonprofit geothermal systems, and solar-plus-battery installations.

Transcript Highlights:

• And yet, we'll borrow another six, seven billion dollars today.
• Our borrowing raises your car...
• So it did cover about a day and a quarter of borrowing, not spending, borrowing.
• Remember, you have a country that's borrowing about six to...
• So functionally, it barely covers one day of borrowing.

Keywords: U.S. House of Representatives Floor Proceedings on Tuesday, June 30, 2026, 1012, house, all

Transcript Highlights:

• Chair, but let me tell you it's got teeth when it comes time to go to Wall Street and borrow what I hope
• Chair, but let me tell you it's got teeth when it comes time to go to Wall Street and borrow what I hope
• Chair, but let me tell you it's got teeth when it comes time to go to Wall Street and borrow what I hope
• Chair, but let me tell you it's got teeth when it comes time to go to Wall Street and borrow what I hope
• Chair, but let me tell you it's got teeth when it comes time to go to Wall Street and borrow what I hope

Keywords: 1187, senate, all

Transcript Highlights:

• Affordability is primarily because borrowing costs are driven by the credit rating that rating agencies
• law Bor and to keep um the the borrowing law Bor and cost cost cost low<00:44:53.200> and<00:
• more um but the ability to to to borrow more um but again<00:45:38.319> um<00:45:38.520> any
• But at least, you know, keep that in mind, that we're borrowing for a period of 20 years, and if there
• But at least, you know, keep that in mind, that we're borrowing for a period of 20 years, and if there

Keywords: 1189, house, all

Summary: The Public Works and Highways committee held a capital budget orientation led by Legislative Budget Assistant Office staff, who walked members through the budget materials, the capital budget process, and the committee’s compare sheet. The presentation explained that agencies begin developing capital requests nearly a year in advance, submit them by May 1, and that the governor’s recommended capital budget is a reduced version of the much larger agency wish list. Members were told the agencies initially requested about $1.1 billion in projects, the catalog was trimmed to just over $400 million in general fund projects, and the governor’s recommendation in the pink book totals about $143 million in general fund capital appropriations. The committee also reviewed the prior capital budget and related statutes and committee procedures. Several specific projects drew discussion. The Department of Education’s CTE projects were explained as having been shifted into the operating budget in the prior cycle and now returning to the capital budget recommendation; members asked whether there was a backup CTE project and whether local approval had been secured for the named project. The Cannon Mountain tramway request was highlighted as a $20 million recommendation, with the presenter explaining that an earlier $18 million appropriation would be lapsed back to the general fund to help balance the budget. The Department of Corrections’ new prison project was also discussed; members were told the state has already appropriated $50 million for planning and site evaluation, but the governor’s current capital budget does not include a new prison construction appropriation because the project is not yet ready for that phase and may need to be funded differently, possibly through a separate, staggered appropriation. State Treasurer Monica Mezzapelli then presented on debt affordability and the state’s borrowing capacity. She said the state’s credit position has improved, with the debt-to-revenue ratio falling from 8.2% in 2015 to 3.8% in 2024, and explained that RSA 6-C limits debt authorization to 10% of unrestricted prior-year revenue. She noted that the Treasury’s planning assumes $60 million in annual bond issuance, with the prison-related $40 million now expected to be issued in 2026 rather than 2025 because the project is not ready to spend the funds. She said the state can still borrow more, but additional debt service must be paid from operating funds, and recommended keeping capital bonding in the $120 million to $130 million range to preserve affordability and the state’s credit rating. Members asked for clarification on the CTE funding shift, the prison schedule, and the meaning of the large agency request totals. The chair and treasurer discussed the governor’s $143 million recommendation versus the committee’s usual target range, and the treasurer said $130 million would be more comfortable than $140 million, with $135 million described as a possible compromise. No formal votes or committee actions were taken in the portion provided; the meeting was informational and ended with the presenters offering to answer follow-up questions as agencies come before the committee.

Transcript Highlights:

• It's called buy, borrow, die. That's how smart rich people roll.
• It's called buy, borrow, die. That's how smart rich people roll.
• c> instead<01:18:16.520> of You borrow against them instead of You borrow against them instead
• you've lived off of like a borrowing you've lived off of like a borrowing against<01:18:35.960><
• It's called buy, borrow,<01:18:46.000> die. borrow, die. borrow, die.

Bills: HF3425

Keywords: supportive housing, grants, housing assistance, funding, Minnesota Statutes, 1183, house

Transcript Highlights:

• The community DPA program has one website to provide information to prospective borrowers and others.
• The community DPA program has one website to provide information to prospective borrowers and others.
• PA loans to borrowers across Minnesota allowing<00:09:32.839> them<00:09:33.000> to<00
• Knowledge is power, and the goal of this education is to provide these borrowers with the information
• <00:15:42.040> is challenging for low-income Borrowers is challenging for low-income Borrowers

Keywords: 1187, senate, all