Transcript Highlights:

• :10:25.440> to<00:10:25.600> perform<00:10:25.959> certain<00:10:26.279> functions
• the state to perform certain functions the state to perform certain functions in<00:10:26.760>
• <00:14:17.839> to<00:14:18.839> um state um and it can can function to um state um
• and it can can function to um address<00:14:20.000> uh<00:14:20.120> or<00:14:20.320>
• <00:19:06.440> of the lines in terms of uh functions of the lines in terms of uh functions

Keywords: 1183, house

Transcript Highlights:

• But as the chair just said, it appears that they have, you know, it's not their primary function to be
• to be paying their primary function to be paying these<00:13:11.000> things<00:13:11.360>
• Was to replace, yeah, the bail commissioners, who function more like magistrates. That's right.
• <00:22:12.400> and positions till to do their functions and positions till to do their functions
• they're all these permitting functions they're all these permitting functions yes<00:30:03.480><

Keywords: 928, house, all

Summary: The committee first took up a House Bill 2 amendment to remove a bail-related section that had already passed in another bill and was now considered duplicative. Members discussed the earlier change to how bail commissioners are reimbursed, concerns that the Judiciary was losing money collecting the fees, and whether the magistrate-related language would still be needed. They noted the bill had already crossed over to the Senate, that the section was obsolete, and that any remaining issue about magistrates’ five-year terms might need to be raised with the Criminal Justice Committee. Amendment 997H, deleting section one, was moved, seconded, and adopted unanimously. The committee then reviewed a package of HB 1 position transfers involving the Department of Environmental Services, Fish and Game, and the Department of Natural and Cultural Resources. Staff explained that several positions were being shuffled to correct position numbers and align permitting functions, including one Fish and Game position moving back to Fish and Game, one DEES position remaining funded after ARPA money ends, and adjustments to hours for permitting and environmental services positions. Members discussed whether the Fish and Game position had been intended to be temporary, but ultimately agreed to accept the first four Environmental Services items and the last two Natural and Cultural Resources items as a package; that motion passed unanimously. They then also accepted sections 2 through 8 of HB 1 with the related amendments and footnote language. The committee next turned to dredge-and-fill fee changes in section 11, where one member objected to a 50% fee increase for seasonal docks, arguing it could discourage permitted work and might apply to repairs that only require notification. Staff said the increase was intended to help cover the cost of additional positions in future biennia, but members decided to hold that section for more information, including how many seasonal dock repair fees are actually collected. Finally, the committee began discussing HB 215 and a proposed tipping-fee/surcharge structure to make a solid waste accounting unit self-funded, with members saying the fee could offset about $2.9 million in general fund costs and support the grant program, but no final action was taken on that item in the portion of the meeting provided.

Transcript Highlights:

• I said, I'm not going to be a part of that, and so that system continued as, you know, it functioned
• I said, I'm not going to be a part of that, and so that system continued as, you know, it functioned
• /c><00:29:03.760> you<00:29:03.919> know<00:29:04.080> it<00:29:04.320> functioned
• <00:29:04.720> as continued as you know it functioned as continued as you know it functioned
• Uh you know, all functioning normally.

Keywords: 1183, house

Transcript Highlights:

• <00:52:02.480> So<00:52:02.640> we<00:52:02.880> are management functions.
• So we are management functions.
• You don't have a functional track yet. You don't have horses running on it yet.
• <01:40:44.960> that which is to perform the functions that which is to perform the functions
• has largely performed those functions has largely performed those functions and<01:47:59.280>

Bills: SF0045, SF0058, SF0067

Keywords: pari-mutuel wagering, simulcasting, historic horse racing, HHR terminals, horse racing, gaming commission, Wyoming Gaming Commission, local control, city approval, county approval, municipal approval, permit renewal, gaming permit, wagering regulation, racetrack, live pari-mutuel event, district court appeal, public notice, land use, public safety

Transcript Highlights:

• of all academic medical function of all academic medical centers. centers. centers.
• assessment<01:04:00.160> and This is a functional assessment and This is a functional assessment
• third this is an independent functional third this is an independent functional assessment<01:05
• <01:15:35.920> assessments current functional assessments current functional assessments um
• um within the waiverss those functional um within the waiverss those functional assessment<01:15

Keywords: 958, all

Summary: The Medicaid Oversight Advisory Board’s fourth meeting focused primarily on a presentation from University of Kentucky and University of Louisville health leaders about the state university directed payment program. Mark Birdwhistle and Ken Marshall described the program as a long-running, value-based Medicaid arrangement that began in 2019, uses university-provided matching funds rather than provider taxes, and ties a portion of payments to quality outcomes. They said the program has improved measures such as tobacco cessation, diabetes control, depression screening, and cancer screening, while supporting access to specialty care, medical education, and workforce training. They also emphasized that Kentucky’s model is nationally notable and has helped improve health rankings and generate cost savings. A major topic was the federal reconciliation bill signed July 4, which the presenters said will reduce directed payments by 10% annually for 10 years beginning in 2028. UL Health estimated a first-year loss of about $75 million and a cumulative loss of about $600 million over the decade; UK estimated about $100 million in the first year, for a combined first-year impact of roughly $175 million. Both speakers warned the cuts could affect access to care, training capacity, and the sustainability of Kentucky’s value-based model, though they expressed hope that congressional action could alter or delay the changes. They also noted that 340B drug pricing changes could further strain already thin operating margins, but did not provide exact figures during the meeting. Committee members responded positively to the program’s reported outcomes and the institutions’ role in Kentucky health care. Senator Berg praised the quality of care and shared a personal example of being advised to stay at UofL for breast cancer treatment. Representative Moer highlighted Kentucky’s strong cancer-control score and asked for more explanation of the value-based payment structure; the presenters said the system is built around ongoing measurement, accountability, and collaboration with the Cabinet for Health and Family Services. No votes or formal actions were taken beyond approving the amended August 27 minutes by voice vote.

Transcript Highlights:

• excellent partner, and I brag all around this legislature and this house about how we are working and functioning
• this house about how we are<00:10:42.320> working<00:10:42.480> and<00:10:42.720> functioning
• <00:10:43.040> in<00:10:43.279> this are working and functioning in this are working
• and functioning in this committee<00:10:43.680> at<00:10:43.839> a<00:10:44.000> high

Keywords: 1183, house

Transcript Highlights:

• lands including parks, parkways, golf courses, cemeteries, median strips, and institutional non-functional
• I will say I would like to get rid of the median non-functional turf. That is my opinion.
• These compounds build up in the body over time and interfere with hormone function, particularly affecting
• Because at the same time, many of these products aren't necessary to the real function in many day-to-day

Keywords: 988, house, all

Transcript Highlights:

• for about 27 state agencies and other entities as you direct us we perform the following primary functions
• unexpended balances during the second year in order to pay bond debt service to perform critical admin functions
• report that the gas collection The customer rate true up process and ongoing bond payment related functions
• These functions are like the 420 I hope you're going to be here tomorrow, too. Oh, I might do it.

Keywords: 1184, house, all

Transcript Highlights:

• This is actually the first module that had that functionality on the mainframe, and it's now being migrated
• So this is actually the first module that we have, that that functionality was on the mainframe and it's
• particular project does lend itself that we have the ability to incrementally bundle up modules and functionality
• We've actually been going through several demos of their system to ensure that the functionality that

Summary: The Committee on Children, Families, and Elder Affairs received a Department of Children and Families update from CIO Cole Sousa on three major technology modernization efforts: ACCESS, CWIS, and FASMS. For ACCESS, he described the six-year, $205 million project to replace the aging eligibility system used for SNAP, TANF, and Medicaid applications, noting completed releases such as the MyACCESS portal, document management, partner portal, workload management, and client registration modules. He said the system now supports mobile applications, multi-factor authentication, and bot detection, and that the next budget request is $36.625 million to continue moving workers off the mainframe, modernize notices, and complete more worker-portal functions. Members asked about performance data, interoperability with other systems, and the relationship to the FX project and APD; Sousa said API-based real-time exchanges are the goal and that current average case processing time is about 30 days, though he would provide a more exact figure later. The committee then heard about CWIS, a four-year, $75 million child welfare modernization project. Sousa said phase one is complete, including hotline intake, investigations, mandatory reporter, youth, parent, and mobile portals, along with mobile field tools, e-signatures, and customizable dashboards. Current work is focused on case management, assessment and safety planning, licensure, and placement modules, with collaboration from community-based care providers through advisory sessions. For the next fiscal year, DCF is requesting $28 million and expects to finish development by summer and launch in September, while continuing change management and training. Senators pressed on interoperability with ACCESS, FX, and FASMS, the use of a single unique identifier, and whether CBCs would be required to use the statewide system; Sousa said the department’s goal is one statewide system, with licensing costs absorbed by the state and no plan for dual systems after go-live. Finally, Sousa gave a brief update on FASMS, the financial and services accountability system used by managing entities. He said it remains in maintenance mode while DCF prioritizes ACCESS and CWIS, and that modernization of FASMS is still being planned with partner agencies. He estimated current maintenance costs at about $1.3 million and suggested a future modernization could cost roughly $5 million to $7 million, though no firm timeline has been set. The committee expressed support for using data and interoperable systems to improve decision-making, and the meeting adjourned without any votes or formal actions beyond adjournment.

Transcript Highlights:

• , and it does have that function.
• We would continue doing our function even if we were not to get paid.
• Our day-to-day functions at the staff level also remain normal.
• Obsolescence of those parts, but some of it also doesn't perform the function that it needs to.
• Leaking, those sorts of functions.

Keywords: 996, all

Transcript Highlights:

• this bill is trying to accomplish is noble, this one-size-fits-all implementation is not going to function
• this bill is trying to accomplish is noble, this one-size-fits-all implementation is not going to function
• this bill is trying to accomplish is noble, this one-size-fits-all implementation is not going to function
• this bill is trying to accomplish is noble, this one-size-fits-all implementation is not going to function
• this bill is trying to accomplish is noble, this one-size-fits-all implementation is not going to function

Bills: HF1082, HF1042, HF1295, HF1686, HF1998, HF1775, HF1163

Keywords: public safety, law enforcement, mental health, domestic violence, appropriations, criminal justice, Minnesota corrections, victim services, task force, personal safety, Independent Use of Force Investigations Unit, criminal sexual conduct, sexual assault, peace officers, law enforcement oversight, Minnesota National Guard, U.S. armed forces, military installation, armory, air base

Transcript Highlights:

• We then evaluated how each of the mechanisms that we selected would actually function on the ground in
• We then evaluated how each of the mechanisms that we selected would actually function on the ground in
• spending into three categories: first, administration and operations, or the general management functions
• And these all differ by agency, with practices that are largely driven by the core mission and function
• The core mission and function of each of those agencies.

Keywords: 904, all

Transcript Highlights:

• Uh, the warehouse services that it's providing, it collects data through the functions that it follows
• So, if we have something that we need to look at in real time for the function of the warehouse, we can
• it collects data through the functions it collects data through the functions that<00:05:42.280>
• <00:06:05.200> of<00:06:05.280> the real-time for the function of the real-time for
• the function of the warehouse,<00:06:06.560> we<00:06:06.720> can<00:06:06.840> do<

Keywords: 924, joint, all

Transcript Highlights:

• On bridge condition, there's also functionally obsolete, and I think we put into statute a few years
• ago that functionally obsolete was not to be considered when something was considered for the red list
• There's also functionally condition.
• There's also functionally obsolete<00:31:48.480> and<00:31:48.720> I<00:31:48.960> think
• a few years ago that functionally a few years ago that functionally obsolete<00:31:52.399> was

Keywords: 1189, house, all

Transcript Highlights:

• We really want to build back up the road and rail at those locations so that it can function as they
• geographies, of various sizes, and attributes, to understand how these mechanisms might actually function
• What you’re seeing between the red and the black—so the red is actually how it functioned without the
• Those are some of our core functions.
• Core functions, and unfortunately, things are falling off the plate.

Summary: The committee first heard an update on the Joint Transportation Committee study of transportation impacts if the Lower Snake River dams were removed. WSDOT and Jacobs described the study’s phases, including current work on geology, infrastructure risk, and a total logistics cost model. They explained that the study is examining how freight now moved by barge—especially wheat, fertilizer, and wood—could shift to rail and roads, and they outlined several scenarios ranging from no-dam future conditions to new unit-train terminals, short-line rail options, and a combined “many solutions” scenario. Members asked about irrigation, impacts in Idaho and Oregon, port capacity, emissions, competition, EV trucks, and whether the model could estimate transportation effects if grain volumes decline. The presenters said the study assumes current production levels continue, does not model irrigation changes or broader farm-economics impacts, but does account for transloading costs and can estimate transportation impacts under different volume assumptions. WSU’s independent review team said the model has improved substantially but still needed refinement, especially in routing, road data, and spatial detail, and that stakeholder engagement had been strong though delayed by model development. No votes were taken. The committee then received a presentation on the alternative sidewalk funding study. Staff and consultants said the study is exploring ways local governments could sustainably fund sidewalk maintenance, repair, and new construction, using a statewide survey, interviews, national research, and case studies in eight jurisdictions. They noted sidewalks are important for pedestrian safety and connectivity, but there is no dedicated funding source in Washington, and existing grants and local revenue tools are highly competitive or limited. The consultants highlighted sidewalk fees or utility-style charges as the most promising option to study, while a parcel tax was largely set aside because of state property-tax uniformity concerns. Members asked whether the study would duplicate existing funding or add to current taxes, and how a sidewalk fee would be collected; the consultants said the goal is to expand local options, not mandate adoption, and that fees would likely be billed through utilities rather than property taxes. A preliminary draft report is due December 15, with a final report due in mid-June. Next, staff gave a brief update on the ocean-going vessels study, which is examining shore power and emissions rules for vessels at berth. The presenter explained that federal Clean Air Act rules and California waiver authority create legal limits on how far Washington can go if it wants to adopt similar standards, and that deviations from California’s approach can increase litigation risk. The report will summarize stakeholder outreach and will be presented in draft form at the next JTC meeting. Finally, county engineers from Chelan and Douglas counties began a presentation on county transportation challenges, with the association’s director emphasizing collaboration with state agencies and local partners on issues such as fish passage barriers and infrastructure needs. The county presentation was only beginning when the transcript ended, and no committee action or votes were recorded.

Transcript Highlights:

• A core function of the county office structure in California is to coach districts on equitable systems
• I've had leading up to this this hearing have expressed deep concern with having a very critical function
• We would create that function in a way. That will work for our kids. In Oakland right now.
• As one of their functions within government operations, there are trained professionals that are able
• Bonta can speak to this more than I can, but one of the biggest functions of the United States Department

Keywords: 988, house, all

Transcript Highlights:

• The plastics used for different cosmetic functions are carbon-based to begin with, so those functions
• Polyethylene was the main material used, and this can be replaced with an abrasive function.
• Beyond that, we have functions... ...hundreds of functions, many of which rely on the properties that
• But you can't replace an anti-aging functionality with crushed apricot shells.
• And that's the way we keep all of these important functions on the market while obviously mitigating

Summary: The committee heard a long agenda of natural resources and related bills, with several measures taken up as the committee reached quorum and many others moving on consent or with due-pass recommendations. Early items included AB 80 on carpet recycling, AB 452 creating a local process for state surf reserves, and AB 823 restricting microplastics in personal care and cleaning products. AB 80 drew broad support from recycling, labor, and environmental groups and was described as a follow-up to earlier carpet recycling reforms. AB 452 was backed by surf, tourism, environmental, and local government interests as a voluntary, community-driven way to recognize and protect surf breaks. AB 823 generated the most extensive debate, with supporters citing public health and environmental harms from microplastics and opponents warning the bill’s language could sweep in products such as sunscreens, cosmetics, and fragrance-encapsulation materials; the committee discussed possible ambiguity and EU comparisons before voting the bill out on a due-pass-as-amended basis to Environmental Safety and Toxic Materials. The committee also advanced AB 1046, which would create a narrow exemption from SB 1383 organic-waste requirements for certain crop preparers and tree nut processors that do not send organic waste to landfills. Agricultural witnesses said the bill would clarify that their operations already reuse byproducts and should not face duplicative reporting, and the measure passed with support from agricultural and rural county representatives. AB 252, the “Stop Laying Off Firefighters Act,” proposed year-round Cal Fire staffing; the author and Cal Fire supporters argued that wildfire conditions are now year-round and that maintaining trained crews would improve response and prevention, and the bill was sent to Appropriations. AB 571, a targeted CEQA exemption for the Southern California Veterans Cemetery in Anaheim, drew strong bipartisan and veterans’ support and also passed out. Later, the committee approved AB 1455, which would authorize emergency rulemaking and streamline future updates for ember-resistant building regulations after recent wildfire emergencies, and AB 687, which would let public agencies use forest-practice rules and timber-harvest plans for certain publicly funded fuel-reduction projects; AB 687 drew some opposition over scope and enforceability concerns but was still advanced. The committee also moved AB 652, allowing alternate members on the San Diego County Air Pollution Control District board to prevent quorum problems, and AB 317, a first-time homebuyer housing bill that would exempt certain small, lower-cost homes from CEQA and defer some property taxes; AB 317 prompted discussion about guardrails to avoid unintended use on larger subdivisions. Finally, AB 900, requiring the Natural Resources Agency to develop a stewardship plan for 30-by-30 lands, was heard with broad support from land trusts and conservation groups and advanced on a due-pass recommendation, and AB 738, a wildfire-rebuild bill easing solar requirements for certain disaster survivors, was introduced and discussed with questions about its narrow scope and the number of homes affected.

Transcript Highlights:

• By centralizing functions, the California Housing and Homelessness Agency will accelerate California's
• That the state deserves to be able to give it, and then make sure all the important functions as well
• And so I'd like to really try to make sure that we are doing something functionally that makes sense
• without, especially in a very difficult budget year, incurring additional administrative function for
• And it's important that this isn't just a reshuffling of government functions, but an opportunity to

Summary: The Assembly Subcommittee on State Administration held a budget hearing focused heavily on housing, homelessness, and related administrative proposals. HCD reported that California housing production has increased, with 2023 completions up 13% from 2022 and entitlement and construction timelines improving, while members and advocates criticized the Governor’s January budget for zeroing out or sharply reducing several housing programs. Public testimony urged funding for affordable housing production, preservation, youth housing, CalHome, LIHTC, HAP, and related programs, and several speakers argued the state should not pull back after recent progress. A major policy item was trailer bill language to allow HCD to access “excess equity” in existing affordable housing projects and recycle those funds into new or preserved housing. HCD and the LAO said the proposal could unlock tens or hundreds of millions of dollars, but members wanted guardrails and clearer statutory direction to ensure the funds stay within the intended housing purposes. The committee also discussed encampment resolution funding; HCD said the proposal would shift expenditure deadlines to the date of award rather than appropriation, while the LAO raised concerns about limited outcome data and urged the Legislature to use upcoming reporting before deciding on future funding. The hearing also covered HCD trailer bills to consolidate default reserve funds into a centralized continuously appropriated account and to clarify reporting requirements for early rounds of the Homeless Housing, Assistance and Prevention program. HCD requested funding to implement chaptered legislation, including a new tribal housing program and reporting-related bills, and also sought extensions for certain reappropriations, including Homekey and REAP 2 deadlines. Public commenters and regional agencies supported flexibility for REAP 2 timing and other housing-related adjustments. Finally, the Business, Consumer Services and Housing Agency presented the Governor’s reorganization proposal to split the current agency into a Housing and Homelessness Agency and a Consumer Protection Agency. The administration said the change would improve focus, efficiency, and coordination, but the LAO and several members questioned whether it would truly save money or improve accountability, especially given the need for new leadership, possible staffing changes, and the fact that the plan had not yet been formally submitted for review. No votes were taken during the hearing.

Transcript Highlights:

• Even now, the committee continues to issue formal positions and testimony as if it were a functioning
• we have is a publicly funded position that answers to no one, serving a committee that does not function
• It's about restoring it through accountability, through compliance, through function.
• <00:52:02.480> Because<00:52:02.800> right<00:52:02.960> now through function
• Because right now through function.

Bills: SB3136, SB2521, SB2851, SB3154, SB3262, SB2387, SB3001, SB2818, SB2972, SB2372, SB2108, SB888, SB3320, SB2798, SB2110, SB3007, SB2615, SB2095, SB2101, SB3138, SB2756, SB3229, SB2969, SB3286, SB3238, SB2557, SB3140, SB2014, SB3097, SB3096, SB3069, SB99, SB2930, SB2268, SB2543, SB3022, SB3109, SB3215, SB3152, SB3156, SB3234, SB3053, SB3067, SB2673, SB411, SB2041, SB2919, SB2532, SB2152, SB2721, SB2446, SB2601, SB2239, SB2804, SB3324, SB2802, SB2577, SB2320, SB2706, SB2595, SB2781, SB2961, SB2433, SB2657, SB2340, SB3045, SB3203, SB2861, SB3245, SB2803, SB3204, SB3025, SB2138, SB2645, SB3082, SB2109, SB2261, SB3332, SB2811, SB2567, SB2125, SB2866, SB83, SB874, SB2386, SB3137, SB3132, SB2175, SB2272, SB2271, SB847, SB3302, SB2089, SB2102, SB2050, SB2694, SB2487, SB2061, SB709, SB3083, SB2151, SB2852, SB2471, SB2568, SB2253, SB2697, SB2429, SB2929, SB3032, SB2057, SB148, SB2353, SB2075, SB2907, SB2074, SB3219, SB3218, SB2367, SB3048, SB17, SB3253, SB2376, SB3103, SB2999, SB3255, SB1166, SB3157, SB2698, SB3029, SB2146, SB2470, SB3040, SB3076, SB2575, SB3294, SB2438, SB2530, SB2688

Keywords: lead-free, lead in drinking water, drinking water, water infrastructure, public water system, plumbing, pipe fittings, solder, flux, fixtures, cast iron pipe repair, nonpotable water, Safe Drinking Water Act, Department of Health, water quality, lead exposure, lead contamination, water utilities, backflow preventer, fire hydrant

Transcript Highlights:

• So the way it would function right now, if I understand correctly, let's say an individual, one of us
• And, Vince, what would it functionally look like if this were to pass? Mr. Chairman, Mr.
• Vince, so the way it would function right now, if I understand correctly, let's say an individual, one
• Chair please proceed thank you and Vince what would so that's the functional way it works now what would
• it functionally look like if this were to pass mr.

Bills: SB1042, SB1043, SB1067, SB1180, SB1221, SB1292, SB1503, SCR1033

Keywords: public funds, virtual currency, bitcoin, investment, Arizona Strategic Digital Asset Reserve Act, state treasurer, retirement system, state payments, cryptocurrency, Arizona law, payment methods, government transactions, tax lien, property tax lien, real property tax lien, foreclosure, right of redemption, redeem, excess proceeds, county abatement lien

Summary: The House Ways and Means Committee considered a series of Senate bills and one concurrent resolution, with several measures involving virtual currency, county tax liens, tax conformity, and retirement system investments. The chair announced that Senate Bill 1503 would be held at the sponsor’s request and noted this was likely the committee’s last meeting of the session. The committee also heard testimony on Senate Bill 1042, which would allow state treasurer and retirement system funds to invest up to 10% in virtual currency holdings, and Senate Bill 1043, which would allow state agencies to accept virtual currency payments through agreements with providers. Members raised concerns about volatility and government involvement, but both bills were described as permissive rather than mandatory and were returned with due pass recommendations by 5-3 votes. The committee then took up Senate Bill 1067, dealing with county cleanup assessments for blighted properties in unincorporated areas. Chairman Olson offered an amendment removing the bill’s property-tax-bill mechanism and instead preserving county liens so cleanup costs could survive a tax lien sale. County representatives and the County Supervisors Association supported the amended approach as a way to recover costs and make counties whole. The amendment was adopted unanimously, and the bill as amended passed 8-0. Senate Bill 1292, clarifying that the Public Safety Personnel Retirement System’s 5% voting-stock cap applies to publicly traded corporations, also passed with broad support after testimony from PSPRS. Two tax-administration bills prompted extended debate. Senate Bill 1180 would direct the Department of Revenue to prepare tax forms based on conformity to the Internal Revenue Code unless the legislature enacts nonconformity; Chairman Olson’s amendment limited the presumption to provisions that reduce federal adjusted gross income or taxable income, reflecting concerns about automatic tax increases. The sponsor said the bill was meant to clarify legislative intent and prevent executive overreach, while several members said the amended version was materially different from the original. The amendment and the bill as amended both passed 5-3. Senate Bill 1221 would require DOR to notify the House Ways and Means and Senate Finance chairs before adopting new interpretations or applications of tax law that adversely affect taxpayers and to testify if hearings are held; an intent amendment was adopted, and the bill passed 5-3 amid debate over the meaning of “adversely.” Finally, Senate Concurrent Resolution 1033, which encourages the Arizona State Retirement System and PSPRS to monitor digital asset exchange-traded funds and report on feasibility, risks, and benefits before the next session, was approved 5-3. Some members objected to the use of “encourage” and to the underlying cryptocurrency policy, while supporters said the resolution simply sought information and did not mandate investment. The committee then adjourned.