Transcript Highlights:

• Within our jurisdiction is the Division of Energy Resources at the Department of Commerce, the Public
• Within our jurisdiction is the Division of Energy Resources at the Department of Commerce, the Public
• An independent review conducted by the Department of Commerce found that for every $1 spent on energy
• Recently, industry players including the Chamber of Commerce, Bosch, and Carrier sent a letter to the
• An independent review conducted by the Department of Commerce found that for every $1 spent on energy

Keywords: 1183, house

Transcript Highlights:

• So this was passed as part of the Commerce Bill.
• We have submitted that to Commerce and the Governor's Office.
• And so we will look to the Governor's Office and Commerce to help us decide those priorities for the
• Trevor Woods: We will look to the Governor's Office and Commerce to help us decide those priorities for
• Alongside that, I can't speak to the details of this, but the Department of Commerce has acquired an

Keywords: 908, all

Transcript Highlights:

• So this was passed as part of the Commerce bill.
• Working with OMB, the Office of the Governor, the Department of Commerce, and one of our partners, MITR
• We have submitted that to Commerce and the Governor’s Office.
• We will look to the Governor’s Office and Commerce to help us decide those priorities for the state of
• Alongside that, I can't speak to the details of this, but the Department of Commerce has acquired an

Summary: The committee first received a general fund and revenue update from the Office of Management and Budget. Staff reported that the state started the biennium about $176 million above prior estimates, but year-to-date revenues were now running below legislative forecast, mainly due to lower individual income tax and sales tax collections. The budget stabilization fund was above its cap, the legacy fund continued to grow, and oil revenues were slightly above forecast overall. Members also asked about federal funding uncertainty and mineral leasing variability, and OMB said agencies would be asked to address potential federal reductions case by case during budget preparation. The committee then reviewed compliance reports and trust fund analysis materials, followed by a bill draft for a fixed-route city transportation grant program. Testimony from transit officials in Fargo and Minot supported the proposal, saying state aid would help match federal transit funds and support operations, but members raised questions about the funding source, fare structures, and whether the program should be limited to the current four fixed-route cities or allow future eligible cities. Several members asked for more time to study the formula and possible funding options before moving the bill forward. Next, the committee approved a bill draft repealing obsolete language related to a proposed North Dakota-South Dakota bi-state authority. Staff explained the provision had been unused for about 30 years and that existing law likely already allowed joint powers agreements without the specific language. The committee voted to adopt the repeal bill draft. The Department of Commerce and the Northern Plains UAS Test Site then provided an update on uncrewed aircraft system initiatives, including the Vantis radar data enclave, the drone replacement program, and future revenue models. Officials said North Dakota had received FAA approval to operate the radar data pathfinder, had begun replacing non-compliant drones from restricted foreign sources, and was working on phased procurement and cost-recovery plans. Members asked about deadlines, funding, supply-chain issues, and how the system would be used; staff said the federal restrictions were already in effect and that Vantis was being positioned as infrastructure for future beyond-visual-line-of-sight operations. Finally, the Department of Corrections and Rehabilitation presented on the design of a new minimum-security prison and on a reentry housing task force. The new facility is planned for the penitentiary grounds, with a reduced estimated cost of about $263 million, 600 beds initially, possible expansion to 732 beds, and completion projected around 2031 if funded in 2027. The reentry housing task force described a data-driven effort to identify housing needs for people leaving incarceration, with the goal of reducing homelessness and recidivism through targeted housing support and possible subsidies. Members asked about staffing, site selection, housing duration, and whether employment and transportation needs would be included in the assessment.

Transcript Highlights:

• The Energy Conservation Grant Fund, which is at the Department of Commerce, is 1.5%.
• BNSF Railway, a major interstate commerce route, is inundated.
• It goes to the interstate commerce that it's significant.
• A lot of interstate commerce. I appreciate those. I am the one that is not a dollar figure.
• A lot of interstate commerce. I appreciate those. I am the one that is not a dollar figure.

Summary: The Water Topics Overview Committee met to review several interim studies and receive updates from the Department of Water Resources. The committee approved the March 26, 2026 minutes, observed a moment of silence for the late Representative Conmy, and welcomed Representative Hansen to the committee. Staff then reported that the watershed management study and the stormwater/wastewater study had both satisfied the presentation requirements in their study directives, with no further required testimony unless members wanted additional information. The department’s main presentation focused on major water projects and agency operations. Reese Haas and staff updated members on the NAWS project, the Southwest Pipeline Project, Devils Lake outlet operations, low-head dam safety work, floodplain management repository implementation, data center water use, and the 2027 Water Development Plan. Members asked detailed questions about NAWS funding sources, remaining project costs, capacity concerns for All Seasons and other users, and whether current construction is being designed for future demand. The department said NAWS remains on track for substantial completion by October, that remaining NAWS funding will come from a mix of federal, state, and local sources, and that current construction is designed for ultimate capacity while some future components will be adjusted for increased demand. A large portion of the meeting was devoted to the department’s cash management, Resources Trust Fund revenues, carryover balances, and the State Water Commission’s cost-share program. The department reported $340.6 million in carryover remaining, explained that much of it is already obligated to long-term projects, and noted that oil price forecasts and stripper-well exemptions will affect future revenues. Members raised concerns about large carryovers, affordability for local sponsors, and whether the state should continue obligating money multiple bienniums ahead. The department said it is working with the commission on a revised prioritization framework, including high/moderate/low project categories and a two-tier pre-construction/construction approach, to better manage obligations and affordability. The committee also reviewed Deloitte’s finalized studies on regional governance/finance and cost-share policy. Deloitte presented options for Southwest, NAWS, and Red River governance, with stakeholders generally favoring keeping NAWS largely as is, using the current Southwest model with improvements, and pursuing a more structured governance option for Red River. On cost share, the department said Deloitte’s recommended package would cover projected needs through the 2030s, but would require policy changes such as lower percentages for some project types, a 25% replacement-project rate with a cap, and possible bonding or delayed reimbursement strategies. No votes were taken on these policy questions, and the chair indicated the committee would continue the discussion at future basin meetings and the September Water Topics meeting.

Transcript Highlights:

• >> Uh, well, I believe it's called the dormant commerce clause.
• I just figured [laughter] since you're bringing it up. >> I believe it's the DCC, the dormant commerce
• >> Uh, well, I believe it's called the dormant commerce clause.
• I just figured [laughter] since you're bringing it up. >> I believe it's the DCC, the dormant commerce
• go according to the Interstate Commerce go according to the Interstate Commerce laws<01:30:39.920

Keywords: 1189, house, all

Transcript Highlights:

• Tanya Lucas, my newer just from our Chamber of Commerce in Maple in the I-94 West Chamber.
• in Maple in the I94 Chamber of Commerce in Maple in the I94 West<01:51:59.119> Chamber<01:51:
• <02:08:42.920> finance<02:08:43.280> and the committee on Commerce finance and the
• committee on Commerce finance and policy<02:08:44.760> I<02:08:44.960> recognize<02:08:
• and as the chair of the Commerce and as the chair of the Commerce Committee<02:09:05.679> I

Keywords: 1183, house

Transcript Highlights:

• The first up on a seat will actually be a Department of Commerce Deputy Commissioner, Pete Woff, and
• Commerce Deputy Commissioner Pete Woff, and also sitting next to him would be Peter Wagenius.
• My name is Pete Woff, and I'm Minnesota's Deputy Commissioner of Commerce for Energy at the Commerce
• I'm director of energy policy for the Minnesota Chamber of Commerce.
• <00:37:01.680> I Minnesota Chamber of Commerce I Minnesota Chamber of Commerce I appreciate

Keywords: 1183, house

Transcript Highlights:

• Clause um a tax a under the Commerce Clause um a tax a taxpayer<00:42:52.640> has<00:42:52.839
• <01:29:22.000> Clause<01:29:22.639> that usually the Commerce Clause that usually the
• Commerce Clause that specifically<01:29:23.679> the<01:29:23.800> D<01:29:24.320> Commerce
• <01:29:24.679> Clause specifically the D Commerce Clause specifically the D Commerce Clause
• <01:30:55.679> Clause<01:30:56.040> is issue in in Commerce Clause is issue in in Commerce

Keywords: 1183, house

Summary: The House Tax Committee met for an organizational and orientation session. Members and staff introduced themselves, with several lawmakers noting their districts, business backgrounds, and interest in tax policy. Chair Greg Davids then opened the committee’s first substantive item: a presentation from House Research and House Fiscal staff on how the committee works and on basic tax concepts. House Research staff Sean Williams and Chris Clayman explained their roles in drafting bills and amendments, writing bill summaries, answering legal and policy questions, and modeling tax proposals. They also described the committee’s key documents, including partisan and nonpartisan bill summaries, revenue estimates, fiscal notes, and supporting materials. Their presentation covered core tax concepts such as tax bases, rates, deductions, exemptions, credits, tax revenues, and tax expenditures, emphasizing that tax expenditures function like spending through the tax code and are reviewed by a legislative commission. The staff then reviewed Minnesota’s major taxes, focusing on the individual income tax and business taxation. They explained that Minnesota’s individual income tax starts with federal adjusted gross income, then applies state additions, deductions, subtractions, and credits, and that the state’s income tax brackets and rates are set separately from federal law. They also outlined the difference between corporate franchise taxes for C corporations and individual income tax treatment for pass-through entities, and discussed how the federal SALT cap led Minnesota and other states to adopt pass-through entity taxes so businesses could preserve federal deductibility of state taxes. Members asked questions about a duplicate “marriage penalty” entry on a slide, the purpose of Minnesota’s marriage penalty credit, comparisons with other states, and the timing and effect of the pass-through entity tax; staff answered that the duplicate was a mistake, the credit offsets bracket-related marriage penalties, and the pass-through entity tax was adopted in response to the federal SALT cap.

Transcript Highlights:

• well as um, the Maui Chamber of Commerce well as um, the Maui Chamber of Commerce um,<00:30:43.360
• > and Japanese Chamber of Commerce and Japanese Chamber of Commerce and Industry<00:36:43.839>
• <00:36:49.200> in Kona Kohala Chamber of Commerce in Kona Kohala Chamber of Commerce in opposition
• Commerce? Are you familiar with what she Commerce?
• of Commerce in support. of Commerce in support.

Keywords: 910, house, all

Summary: The committee heard SB 2694 SD2, which would authorize the Public Utilities Commission to create automatic adjustment mechanisms for water carriers, including a water carrier inflationary cost index, and to waive certain requirements under the Hawaii Water Carrier Act. Testimony was sharply divided. The Department of Transportation, Young Brothers, and several shipping, harbor, labor, and business-related supporters argued the bill would modernize regulation, reduce the need for large catch-up rate cases, and help keep rates aligned with rising costs. Young Brothers said its current rate-setting process is expensive and delayed, and that annual adjustments with guardrails such as a 5% cap and periodic full reviews would support sustainable operations and the state’s supply chain. Some supporters also said the company’s less-than-container-load service and required inter-island routes create costs that are not fully covered by current rates. Opponents, including the Consumer Advocate, the Maui Chamber of Commerce, Hawaii Food Industry Association, restaurant and chamber groups, and other businesses, argued the bill would lead to higher costs for consumers and businesses and should not move forward. Several testified that shipping costs already significantly affect pricing and that automatic increases would worsen the cost of living. The Consumer Advocate said Young Brothers should focus on cost control and implementing its business plan rather than automatic rate increases. The Maui Chamber and others pointed to a recent PUC decision that imposed a two-year stay on rate increases and said the bill would undermine that protection. Some opponents urged the committee to defer to the PUC’s regulatory authority. The PUC explained that it regulates water carriers as public utilities under existing statute and said it had recently approved a temporary rate increase while imposing a two-year stayout period on further increases, with emergency relief still possible. PUC members said they were still examining whether they have authority to adopt the proposed WICI mechanism by rule and wanted legislative clarity. In response to questions, the PUC said it prefers the current two-year stayout as reflected in its order. Young Brothers also clarified that it serves less-than-container-load cargo, that some routes and services are cross-subsidized because they are not profitable, and that an independent observer is being put in place to monitor implementation of its updated business plan. The transcript ended with the committee still taking questions; no final vote or disposition on the bill was shown.

Transcript Highlights:

• This act creates the aerospace development program within the Department of Commerce and requires the
• directly to this fund, new employee-generated funding comes from a report from the Department of Commerce
• personal income tax proceeds for that year an amount no greater than that number from the Department of Commerce
• payroll for employees for at least five years and provide copies of the same to the Department of Commerce

Keywords: 994, senate, all

Summary: The Senate Finance Committee met with a quorum present and first approved the minutes from the previous meeting. It then took up House Bill 5510, which was amended to incorporate provisions modernizing Alcohol Beverage Control licensing and fees and to treat low-proof spirits more like beer, including a $1.25 per gallon tax. The committee adopted the strike-and-insert amendment and reported the bill to the full Senate with a do-pass recommendation. The committee next considered a major education funding bill, Committee Substitute for Committee Substitute for House Bill 5453. After counsel explained the proposed block-grant school funding structure and supplemental aid for special education, members discussed whether charter schools should be included. The committee adopted an amendment to include charter school students in the special education funding provisions, then adopted another amendment removing certain outdated staffing ratio and administrator limitations effective July 1, 2027. The amended bill was then reported to the full Senate. The committee also took up House Bill 5412, dealing with multi-year contracts for educational materials with technology licensing components and science-of-reading training for K-5 teachers. Members amended the bill to clarify contract language, extend the training timeline, change “endorsement” to “training,” and require charter school teachers to participate. The amended bill was reported to the full Senate. House Bill 4006, focused on aerospace and advanced manufacturing development, was explained as creating grant and workforce programs tied to aerospace investment and jobs. The committee adopted a strike-and-insert amendment that changed the funding mechanism and other details, then reported the amended bill to the full Senate. Committee Substitute for House Bill 4009 was also amended to shift from the portable benefits concept to a broader workforce-readiness package, including a microcredential program and expansion of the apprenticeship tax credit to all apprenticeship programs; it too was reported to the full Senate. Finally, House Bill 4004, the Recharge West Virginia Act, was explained as a reimbursement program for employers training employees who earn upskill credentials and receive wage increases. The committee adopted an amendment raising the annual employer reimbursement cap from $50,000 to $100,000, then reported the amended bill to the full Senate. The meeting ended with adjournment.

Transcript Highlights:

• This act creates the aerospace development program within the Department of Commerce and requires the
• directly to this fund, new employee-generated funding comes from a report from the Department of Commerce
• personal income tax proceeds for that year an amount no greater than that number from the Department of Commerce
• payroll for employees for at least five years and provide copies of the same to the Department of Commerce

Keywords: 994, senate, all

Summary: The Senate Finance Committee met with a quorum present, approved the prior meeting minutes, and then took up several House bills with strike-and-insert amendments. House Bill 5510 was amended to incorporate provisions from Senate Bills 1065 and 928, modernizing Alcohol Beverage Control licensing and adding rules for low-proof spirit alcohol products, including a $1.25 per gallon tax; the committee adopted the amendment and reported the bill to the full Senate with a do-pass recommendation. The committee then considered House Bill 5453 on school funding. After discussion of a proposed block-grant system and supplemental aid for special education, the committee adopted an amendment replacing much of the bill with weighted funding for level two and level three special education students, exempting those funds from block grant rules and limiting their use to direct instruction. The committee also adopted a clarification to extend the special education funding to charter school students and reported the amended bill to the Senate. House Bill 5412, dealing with multi-year technology licensing contracts for local fiscal bodies and science-of-reading training for K-5 teachers, was amended to clarify contract language, delay implementation dates, change “endorsement” to “training,” and require charter school teachers to participate; it was then reported. The committee next amended and reported House Bill 4006, which creates aerospace development and workforce grant programs, changing the funding mechanism to use Department of Commerce reporting and personal income tax proceeds rather than direct employee withholdings. It also took up House Bill 4009, combining voluntary portable benefits for independent contractors with microcredentialing and an expanded apprenticeship tax credit, adopted the Finance Committee amendment, and reported it. Finally, House Bill 4004 creating the Recharge West Virginia training reimbursement program was amended to raise the annual employer reimbursement cap from $50,000 to $100,000 while keeping the $10,000 per-employee limit, and the committee reported the bill. The meeting ended with adjournment.

Transcript Highlights:

• Conference Committee in conference room 224 with the Hawaii State Senate Committee on Commerce and Consumer
• Protection and the House Committee on Consumer Protection and Commerce.
• proposed HD2 goes far beyond what was originally contemplated by the testimony from the Department of Commerce
• The HD2 goes far beyond what was originally contemplated by the testimony from the Department of Commerce

Keywords: 912, senate, all

Transcript Highlights:

• And finally, Madam Speaker, we have our Chamber of Commerce, who I've worked very well with, and they
• And finally, Madam Speaker, we have our Chamber of Commerce, who I've worked very well with, and they
• And finally, Madam Speaker, we have our Chamber of Commerce, who I've worked very well with, and they
• Madam Speaker, we have our Chamber of Commerce, who I've worked very well with, and they have allowed

Keywords: 910, house, all

Transcript Highlights:

• HR number 31 by Morales of Harris, recognizing February 4th, 2025 as Houston East End Chamber of Commerce
• Today it's an honor to recognize Houston's East End Chamber of Commerce.
• The commerce, uh, the chamber is here today, and we want to recognize the incredible contributions of
• It served as a hub of commerce, culture, and opportunity for multiple generations.

Transcript Highlights:

• They're down there moving from the Panama Canal and they're moving all that commerce out.
• here and move there and move commerce here and move there and move commerce all<02:19:56.160>
• to moving commerce, you know, back<02:20:15.080> and<02:20:15.160> forth<02:20:15.400>
• <02:20:30.880> It they're moving all that commerce out.
• It they're moving all that commerce out.

Keywords: 920, all

Summary: The Alabama Senate convened, heard a prayer and pledge, established a quorum, excused absent senators, and adopted the prior journal. The chamber received House messages, including referral of Senate Confirmation 89 for Rex Jones to the Underground and Aboveground Storage Tank Trust Funds Management Board, and concurred in Senate Bill 231 after a 30-0 vote. Several local House bills were referred to the Committee on Local Legislation. During personal remarks, Senator Coleman-Madison recognized Women’s History Month and highlighted Alabama native Mary Ellen Jolly and her book, "Accidental Activist," praising women who support the legislature. The Senate then processed committee reports, including favorable reports on multiple Finance and Taxation General Fund bills (SB 143, 144, 145 with substitute, 152, 153, 154, 162, 226 with substitute, and 146 with substitute and one abstention), as well as confirmations for Nancy Sandford, Marty Abrams, and Jim Page to the University of North Alabama Board of Trustees, all of which were confirmed. Committee reports also advanced several county and municipal and local legislation measures, including SB 292, HB 351, HB 141, HB 273, HB 504, HB 488, SB 343, and SB 346. On the floor, SB 333 on class two municipalities passed after adoption of its BIR and committee amendment, and HB 308, a proposed constitutional amendment for Mobile County, passed after the Senate tabled the committee amendment, adopted a substitute amendment by Senator Figures, and approved the certification resolution. SB 334 for Shelby County, SB 339 for Crenshaw County, and HB 507 for Covington County also passed, with certification resolutions adopted where required. The governor returned SB 228 with an executive amendment, and the Senate concurred 33-0. The Rules Committee report set the special order calendar for the next legislative day, listing bills including SB 91, SB 280, SB 181, SB 237, SB 326, SB 255, HB 77, HB 104, HB 110, HB 271, HB 362, HB 332, HB 429, SB 211, HB 125, HB 122, HB 124, SB 140, SB 199, and SB 332. Senator Singleton spoke at length criticizing the handling of minority-sponsored bills and questioning several measures, and after debate the Senate adopted the special order calendar 34-0. SB 91 was then carried over at the call of the chair.

Transcript Highlights:

• CA Chamber of Commerce in support, not available online. Thank you.
• CA Chamber of Commerce in support, not available online. Thank you.
• CA Chamber of Commerce in support, not available online. Thank you.
• CA Chamber of Commerce in support, not available online. Thank you.
• CA Chamber of Commerce in support, not available online. Thank you.

Keywords: 912, senate, all

Summary: The joint Senate hearing focused primarily on SB 1201, a wildfire measure that would create a wildfire recovery fund and allow securitization for electric utilities. Hawaiian Electric strongly supported the bill, saying it would help protect customers, property owners, insurers, and the broader economy from future catastrophic wildfire liability while improving the utility’s credit profile and lowering financing costs. Support also came from DCCA Consumer Advocacy, the Attorney General’s office on written comments, Ulupono Initiative, Clearway Energy Group, IBEW Local 1260, Par Hawaii, KIUC, the Chamber of Commerce Hawaiʻi, Plus Power, and numerous organizations and individuals. Opponents or commenters raised concerns about the liability cap, victim compensation process, and fund structure, including the Hawaiʻi Association for Justice, the Hawaiʻi Regional Council of Carpenters, and the Hawaiʻi Insurance Council; Henry Curtis of Life of the Land supported the concept of a fund but questioned the catastrophe threshold and whether the fund would be empty without a prudency finding. Much of the discussion centered on whether the proposed fund would actually help restore Hawaiian Electric to investment grade, with senators comparing the proposal to California’s wildfire fund. Hawaiian Electric said the bill was only one part of a broader process, alongside physical risk reduction and settlement finalization, and argued that without the bill the utility would not regain investment grade. Senators also questioned the proposed $1 billion fund size, the fairness of ratepayer contributions versus shareholder contributions, and whether customers should pay for consulting and administrative costs; Hawaiian Electric said its proposed amendment would remove those consulting-related charges. The company also said the fund would accrue interest and, if unused, could be returned to customers, and that there would be replenishment and supplemental contribution mechanisms if the fund were exhausted. The Attorney General’s office said it still had further amendments to discuss, and the departments had not yet resolved where the fund should reside administratively, though Hawaiian Electric said it believed DCCA was the appropriate place but was open to alternatives. KIUC requested two amendments. No vote or final committee action was taken during the hearing, and the measure remained under discussion with questions and proposed amendments still outstanding.

Transcript Highlights:

• My experience has been that when commerce is good, business is good, and business creates good jobs.
• It's important and related to commerce.
• Sitting on Commerce today, I'm super excited to be here.

Transcript Highlights:

• Last session I was honored to sit on the commerce committee, and in commerce we talked a lot about insurance
• the commerce committee and in commerce the commerce committee and in commerce we<00:59:45.599>
• We are building in ways that are connecting avenues, corridors of commerce.
• We're we're helping to drive commerce.
• :42:56.080> report Minnesota Chamber of Commerce report Minnesota Chamber of Commerce report found

Keywords: 1183, house

Transcript Highlights:

• The simplest form of it is we simply exist to promote North Dakota agriculture, commerce, and industry
• legislature, from the Industrial Commission, or partnering with other agencies in the state like Commerce
• We in the state like commerce or housing finance or many, many others, we will get creative and try to
• services industry of the state, fulfilling on our mission of promoting North Dakota agriculture, commerce
• It looks like probably the Regulatory Division and the Commerce and Legal Services Division, we're just

Keywords: 908, all

Summary: The committee received a compliance and status update on Industrial Commission programs and the Bank of North Dakota. Staff reviewed appropriations and spending for several Industrial Commission funds and grant programs, including lignite research, oil and gas research, clean sustainable energy, grid resiliency, salt cavern analysis, and the new NDSU research and technology park grant. Members discussed the timing of reimbursements, uncommitted balances, and the structure of the pipeline capacity and enhanced oil recovery funding. The Industrial Commission also reported on its administrative budget, grant management system project, and recent leadership transitions across several agencies. Karen Tyler of the Industrial Commission described active grant rounds and the status of major projects. She said the Clean Sustainable Energy Authority approved three projects in its sixth round, with remaining uncommitted cash and loan capacity still available, though no new funding was appropriated this session. She also said the Oil and Gas Research Council approved six enhanced oil recovery projects and expects additional funding after a federal Department of Energy award replaces one project’s state funding. For grid resiliency grants, she said some projects have been funded, some commitments were returned or reallocated, and some DOE funds remain pending. She also updated the committee on the salt cavern business case study, which replaced an earlier larger development proposal, and on the NDSU research park grant, where the nonmatching portion was paid and the matching portion has moved slowly because the match must be in cash. Ron Ness then gave an extended presentation on enhanced oil recovery and North Dakota oil and gas trends. He said production remains steady, but future growth depends on infrastructure, especially gas takeaway and projects like the Bakken East pipeline. He argued that enhanced oil recovery using CO2, natural gas, surfactants, and other methods could extend Bakken production for decades, but that the state needs more CO2 supply, better storage, and updated tax and regulatory incentives. Members asked about lateral lengths, CO2 availability, pipeline impacts, and the role of the Strategic Petroleum Reserve, and Ness emphasized that the projects are intended to share technical learning across operators and attract follow-on investment. The Bank of North Dakota then presented its compliance report and strategic update. President Don Morgan said the bank’s mission remains to support North Dakota agriculture, commerce, and industry while cooperating with the state’s financial sector. He reviewed the bank’s main business lines: participation lending with community institutions, student loans, disaster lending, mission-based programs, and a new fintech-focused effort. Morgan said deposits are flattening, so the bank is managing balance sheet growth carefully, while still reporting improved net income and strong efficiency. He also introduced Rough Rider Coin as a bank-to-bank payment rail, not a public cryptocurrency, intended to speed and modernize payments within North Dakota’s banking and credit union system. Committee members asked about student loan eligibility, disaster program use, and how credit lines and liquidity would be affected if deposits shrink.

Transcript Highlights:

• Chair, I move that my Commerce Committee amendment be adopted.
• Chair, I move that the floor amendment to my Commerce Committee amendment be adopted.
• Chair, I move that the Commerce Committee amendment as amended be adopted.
• House Bill 2388, appropriating monies to the Arizona Commerce Authority.
• House Bill 2388, appropriating monies to the Arizona Commerce Authority.

Keywords: 1182, all

Summary: The House convened with prayer, the Pledge of Allegiance, attendance, and a series of guest introductions and proclamations, including recognition of Dr. Eric Osowski as Doctor of the Day, Donate Life Day participants, State Farm Day guests, and proclamations honoring Ganado Unified School District and Chinle Unified School District for academic and cultural achievements. The chamber also handled routine business such as committee assignments, Senate messages, and motions to adjourn and to refer bills to additional Committee of the Whole consideration. The main floor action centered on several bills and a concurrent resolution. HB 2093 was amended to restore mental health instruction while removing social-emotional learning, and HB 2229 was amended after debate over abortion-related language and public funding restrictions; both received do-pass recommendations. HB 2429, HB 2950, and HB 4136 also received do-pass recommendations after floor amendments, with HB 2950 amended to make tourism improvement areas voluntary and add notice requirements. HB 4001 advanced after extensive debate over regulating alternative nicotine products, with supporters arguing it would help curb youth vaping and opponents urging taxation and stronger public-health provisions. HB 4030 and HCR 2052, both focused on limiting municipal tax and fee increases tied to affordability, inflation, and utility costs, were heavily amended and advanced after debate over local control, data centers, water costs, and the scope of the amendments. The House also took up procedural challenges, including a failed appeal of the chair’s ruling that a health-care claims amendment to HCR 2052 was out of order under the single-subject rule. On final adoption of the Committee of the Whole report, the House ordered HB 4001 and HB 4030 and HCR 2052, as amended, to engrossing and signing. In third reading, HB 2170 passed 36-16, HB 2380 passed 31-21, HB 2389 passed 31-21, HB 2784 passed 31-21, and HB 2902 passed 31-21, while HB 2388 failed 23-29. The transcript ends as the House was moving on to HB 294.