Transcript Highlights:

• up payment decisions, lowers administrative costs for providers, and uses a proven fair national standard
• disclosures by requiring a plain-language summary of key policy features, including coverage limits, deductibles
• This information must be provided on a standardized form to make it easier for consumers to understand
• Current law allows insurance companies to charge commercial policyholders a premium higher than the standard

Summary: The Senate Committee on Banking and Insurance met with a quorum present and heard a full agenda of bills, most of which were reported favorably. Early in the meeting, SB 1000 on trust fund interest for attorney trust accounts was explained as setting a floor and ceiling tied to the Wall Street Journal prime rate and passed without objection after supportive testimony from banking and credit union groups. The committee then took up CS/SB 1082 on a statewide provider and health plan claim dispute resolution program; the sponsor described it as a way to move emergency out-of-network payment disputes away from costly litigation and into an independent dispute resolution process modeled on the federal No Surprises Act. A proposed amendment drew significant questions from senators and concerns from the Florida Insurance Council about confusion over state versus federal eligibility and possible effects on contracted rates, and the sponsor ultimately withdrew the amendment. The underlying bill was then supported by health care and insurance stakeholders and reported favorably. SB 684 on electronic signatures for total loss vehicles and vessels also passed, with Progressive Insurance waiving in support. The committee next approved CS/SB 158 on pet insurance, which requires continuing education for agents, clearer consumer disclosures, and annual reporting to OIR; the amendment was technical and adopted. SB 1494 on breast cancer screening coverage was presented as expanding required coverage for mammograms and supplemental screenings for certain insurance products, and it passed with support from cancer and radiology groups. CS/SB 314 on digital asset issuers was amended to create a Florida framework for payment stablecoin issuers consistent with the federal GENIUS Act, allowing state-level regulation as an alternative to federal supervision, and was reported favorably. SB 1500 on uncontested probate proceedings, including higher small-estate thresholds and clearer authority for personal representatives, also passed after a banking-related amendment requiring letters of administration for safe deposit box access was adopted. Later, the committee approved CS/SB 618 on workers’ compensation insurance, which raises the consent-to-rate cap for workers’ comp policies from 10% to 20% and adjusts the Florida Workers’ Compensation Guarantee Association board membership; a carrier representative testified that the change would help keep more high-risk accounts in the voluntary market. CS/SB 1568 on a Florida Stable Coin Pilot Program was amended to remove authority for DFS to create a Florida coin, limit the pilot to existing stablecoins with at least $1 billion market capitalization, and require qualified public deposit handling; it then passed. CS/SB 838 on electronic payments for retail installment contracts clarified that convenience fees for electronic payments are permissible while preserving a fee-free option, and it was reported favorably after questions about consumer access to free payment methods. SB 1452, the Department of Financial Services agency bill, made a wide range of administrative changes affecting My Safe Florida Home, unclaimed property, licensing, bail bonds, and other DFS functions; a late-filed amendment on title insurer appointments was adopted, and the bill passed. The committee also approved SB 1706 on the My Safe Florida Condominium Pilot Program, targeting condo hardening assistance to owner-occupied units meeting income and occupancy criteria, and SB 990 on protected cell captive insurance companies, which the sponsor and industry witnesses said would modernize Florida law and promote insurance competition and economic activity. The meeting ended with all bills on the agenda reported favorably and the committee adjourning without objection.

Transcript Highlights:

• It limits retroactive Medicaid and CHIP coverage to two months from the current standard of three months
• requires insurers to credit patients for payments made to out-of-network providers towards their deductibles
• I'll tell you that we are not changing in any way the sort of standard with respect to the obligations
• Let's keep moving Florida forward as the gold standard when it comes to quality care.

Transcript Highlights:

• percentage of the common fund attorney's fees for the class when it prevailed, either as an upfront deduction
• or as a deduction from future pension payments.

Keywords: 904, all

Summary: The Executive Committee approved the April minutes by roll call vote, with members present voting aye and the minutes adopted. Staff then provided an Attorney General update on pension-related litigation, including the newly filed Dawson class action challenging Gross Second Substitute House Bill 2034, the concluded Dolan case, and the Fowler case, where the trial court orally ruled for plaintiffs on interest calculations and potential disgorgement of state gains, with a written ruling still pending. Committee members emphasized the need for ongoing monitoring and regular reporting on the Dawson case because of its potential impact on the committee and retirement systems. An actuarial update followed, noting that June will include the preliminary 2025 valuation results and contribution-rate information, along with commentary on the demographic experience study. Staff said actuarial resources are limited and asked that any additional actuarial agenda items be scheduled for July or later. The committee also discussed the draft interim work plan and agreed to move the OSA annual update to July. A substantial portion of the meeting focused on Plan 1 COLA policy. Retiree representatives urged the committee to keep working on both immediate ad hoc COLA relief and a longer-term ongoing COLA solution. Members discussed a possible budget proviso requiring legislators to consider a COLA each budget cycle, and staff was asked to develop proposals for further discussion. The committee also agreed to add a June briefing on the PERS/PEACERS request involving animal control technicians, and to include an introductory Plan 3 briefing, with possible comparison to Plan 2, on the June agenda. Staff also explained changes to correspondence handling, including removing letters from the public website to better protect privacy while still making records available upon request. The committee approved the revised June agenda and adjourned.

Transcript Highlights:

• percentage of the common fund attorney's fees for the class when it prevailed, either as an upfront deduction
• or as a pension, as a deduction from future pension payments.

Summary: The Executive Committee approved the April minutes by roll call vote, with members present voting aye and the minutes adopted. The committee then received an Attorney General update on several pension-related cases. Counsel discussed the newly filed Dawson class action, which seeks to invalidate Gross Second Substitute House Bill 2034 on federal and state constitutional grounds; she said the pleadings were unclear, the committee’s involvement was uncertain, and the case would need monitoring. She also reported that the Dolan case appears concluded after the Court of Appeals upheld the trial court’s ruling on constructive payment of attorney fees, and that the Fowler case remains pending after an oral ruling for plaintiffs on retroactive interest and possible disgorgement of state gains, with a written ruling still awaited. The actuarial update said June would include the preliminary 2025 valuation results and contribution-rate discussion, along with commentary on the demographic experience study, and staff noted actuarial resources were limited for additional items until later in the summer or fall. The committee then discussed the interim work plan and correspondence, including letters supporting a Plan 1 COLA recommendation, retiree organization comments, and a request from Senator Robinson to study whether certain animal control technicians should be included in PERS. Members emphasized the need to keep working on an ad hoc COLA for Plan 1 retirees while also exploring a longer-term COLA mechanism, including possible budget proviso language to require COLA consideration each budget cycle. Staff also explained changes to correspondence handling: materials will no longer be posted publicly on the website, but will still be available through public records requests and distributed securely to members by email or form submission. The committee agreed to add a June briefing on the PERS animal control technician issue and an introductory discussion of Plan 3, and to bring back COLA proposals in July for further executive committee review. The agenda was approved as amended, and the meeting adjourned.

Transcript Highlights:

• I'd like to go to slide actually six and seven, and just ask the staff director if it's proper to deduct
• and then now going to slide seven, certainly having the most business applications, is it proper to deduct

Summary: The Senate Committee on Finance and Tax convened with a quorum present, heard an introductory presentation of committee staff, and then received a staff briefing from Azar Khan on Florida’s state tax structure and revenue outlook. The presentation covered fiscal year 2023-2024 revenues, noting more than $127 billion in total state revenue, with general revenue exceeding $48 billion and sales and use tax making up the largest share. It also compared Florida’s tax burden to other states, highlighted Florida’s low per-capita revenue ranking and strong business formation numbers, and reviewed major and minor revenue sources, tax rates, and the revenue estimating conference process. Members asked about what drives revenue growth, including population, tourism, construction, and auto sales, and about Florida’s regressivity, corporate income tax participation, and investment earnings on state balances. Khan said the state’s revenue picture remains positive and stable, but that future growth is slower than during the COVID-era spike; he also explained that some negative forecast changes were tied to legislative actions such as the insurance premium tax credit, while others reflected lower tobacco consumption and severance activity. He noted that revenue and spending forecasts are separate and that budget-side growth is driving concerns raised in other state economic projections. The committee also discussed possible tax package ideas for the upcoming session, including tax holidays and homeowner relief, but no specific proposals were acted on. The chair announced the committee would not meet the following week and that the next meeting would be in week three of February. The meeting concluded with no objections to a motion to adjourn.

Transcript Highlights:

• The program is funded to provide for co-payment and deductible assistance to ADAP clients.
• The program is funded to provide for co-payment, deductible assistance to A-Dap clients.
• So while we don't have the premium assistance, we do have co-pay assistance and deductible assistance
• that didn't reduce any costs or increase any savings, and we are still allowing for co-pay and deductible
• The bill amends the petroleum cleanup participation program to remove program deductibles, co-pays, and

Summary: The House convened with prayer, a moment of silence for former Senator Donnell C. Childers, the Pledge of Allegiance, and recognition of Officer Antonio Richardson as law enforcement officer of the day. A quorum was announced, the journal was approved, and the Speaker said the chamber would take up 11 budget conference reports, with debate and final votes on each report. The first report considered was HB 7031E, the tax package, followed by HB 501E, the state budget appropriations bill. On HB 7031E, Chair Duggan explained that the conference report included a range of tax reductions and tax-related changes, including sales tax holidays, property tax and homestead-related provisions, reductions in certain taxes and fees, and new exemptions or administrative clarifications. He said the package also added items such as sales tax relief for certain university construction projects, a tennis admissions exemption, and changes to agricultural property tax treatment, and that the amendment reduced state and local tax revenues by $272.2 million. Members questioned the bill about the child care tax credit reduction from three years to one, the homestead exemption provision for certain diplomats and foreign service personnel, the absence of gas tax relief and combined reporting, and the inclusion of firearm accessories and tennis tickets in sales tax holidays. After structured debate, the House adopted the conference report and passed HB 7031E by a vote of 88-11. The House then began the conference report on HB 501E, the $114.5 billion budget for fiscal year 2026-2027, which was described as below the prior year’s spending level and leaving more than $14 billion in reserves. Subcommittee chairs outlined major allocations across education, higher education, IT, health care, transportation and economic development, justice, state administration, and agriculture/natural resources. Highlights included increased FEFP funding and veteran teacher raises, full funding for Bright Futures, major IT modernization projects, Medicaid and behavioral health funding, transportation and local infrastructure spending, correctional and law enforcement investments, fire station and emergency response funding, and large environmental and water-quality appropriations. Members asked detailed questions about school voucher fraud oversight, scholarship funding, teacher raises, preeminence funding, ADAP changes, SNAP data tools and error rates, Medicaid rate changes, prison wastewater monitoring, and other budget items, but the transcript ends during the budget questions before final action on HB 501E is shown.

Transcript Highlights:

• Uh, that initially was anticipated that, gee, if you're above a federal standard or the state standard
• or the state standard, that you would qualify.
• Essentially, the state is charging us a 10% fee without any deductions and a 5% sales tax, which seems
• and a 5% sales tax which any deductions and a 5% sales tax which seems<01:23:44.400> ironic<01
• And the third is to provide funds so our court security officers can be trained at police standards and

Keywords: 1191, senate, all

Transcript Highlights:

• This bill directs AHCA to license and regulate these homes, establish eligibility and safety standards
• I think that this is a lifesaving measure versus what could happen if we do not have these standards
• We understand that this bill is meant to align Florida with the federal standards set in HR one.
• Standard.
• And so with this, I hope that we will get to a place where we have some standards that we can set so

Transcript Highlights:

• This bill directs AHCA to license and regulate these homes, establish eligibility and safety standards
• I think that this is a lifesaving measure versus what could happen if we do not have these standards
• We understand that this bill is meant to align Florida with the federal standards set in HR 1.
• CS for HB 1295 requires memory care providers and facilities to follow certain baseline standards of
• Excellence should be the standard.

Transcript Highlights:

• Unlike our rigid state apprenticeship requirements, federal standards for apprenticeship ratios are,
• Federal standards for apprenticeship ratios are, in fact, much more flexible and set on a per-program
• For our members, this is already standard. For our members, this is already standard.
• In closing, I want to thank the committee and its leadership in strengthening workforce standards across
• For our members, this is already standard.

Keywords: 995, all

Summary: The Joint Committee on Labor and Workforce Development held a hybrid hearing on a large group of bills carried over from the previous session, with Chair Jake Oliveira and House Co-Chair Paul McMurtry outlining the process and limiting testimony to three minutes. The committee heard testimony on several labor and workplace proposals, including bills to harmonize employee definitions to address misclassification (SB 1338/HB 2141), expand bereavement leave (including H. 2189/S. 1354 and related bills), protect collective bargaining rights for certain administrative employees (HB 268/SB 1306), expand commuter transit benefits (HB 2153/SB 1345), regulate employer use of credit reports (S. 1286), and require apprenticeship participation or OSHA-related workplace safety measures on public projects. At the end of the hearing, the chairs read into the record additional bills that did not receive testimony that day. Supporters of the misclassification bill, including Greater Boston Legal Services and the AFL-CIO, said aligning the employee-status tests across wage, unemployment, and PFML laws would reduce confusion, improve enforcement, and help workers wrongly treated as independent contractors or managers recover benefits and bargaining rights. NAGE and its representative argued that public-sector employees have been improperly reclassified into management titles to weaken unions, and that the bill would force the Division of Labor Relations to review those titles. On bereavement leave, advocates including the Louis E. Brown Peace Institute, a state representative, the Massachusetts Office for Victim Assistance, and individual survivors described the impact of sudden loss and homicide on families, saying guaranteed leave would help workers grieve, make arrangements, and avoid losing jobs or custody-related stability. The committee also heard support for commuter benefits as a low-cost way to reduce emissions and increase transit use, and for restricting employer credit checks because of inaccuracies and discriminatory effects. There was opposition to some construction-related bills. The Associated Builders and Contractors and the Building Trades Employers Association supported apprenticeship training in principle but said current apprentice-to-journeyworker ratios are outdated or misunderstood, and that the bills should be amended or clarified before advancing. The Massachusetts landscape and snow-removal industry strongly supported a snow-liability limitation bill, arguing that hold-harmless clauses and broad indemnification requirements force contractors to assume liability for conditions they cannot control, drive up insurance costs, and threaten business viability. The committee did not take any votes during the hearing, and the session ended with the chairs thanking members, staff, and the public before adjourning.

Transcript Highlights:

• <00:08:22.240> And similarity standard for states. And similarity standard for states.
• They pick up bank risk management<00:25:23.120> standards.
• It's very process management standards.
• Um the intangible asset deduction.
• The third is consumer disclosure standards.

Keywords: 1189, house, all

Summary: The meeting began with roll call and introductions of commission members and guests, followed by approval of the agenda and a motion to approve the February 10 minutes with a correction clarifying that one quoted statement was misattributed. The commission then moved into presentations. The main presentation came from the Conference of State Bank Supervisors on implementation of the federal GENIUS Act for stablecoins. The speaker reviewed the OCC’s recent 367-page proposed rule, noting it raises many open questions and design choices for states, and discussed expected upcoming rulemaking from the FDIC, Federal Reserve, and Treasury. The presentation focused on six areas: permissible issuer activities, reserve assets and redemption, risk management and supervision, treatment of state-qualified issuers, capital/operational backstops, and foreign issuers. It also flagged unresolved issues around Bank Secrecy Act/AML requirements and the meaning of “digital asset service provider” activities. A substantial portion of the discussion addressed yield restrictions, with the presenter explaining the OCC’s broad definition of yield and its rebuttable presumption against issuer-affiliated or related third-party yield arrangements. The speaker said this likely forecloses many existing white-label structures but leaves some room for third-party payments depending on distance from the issuer, and noted ongoing Senate debate over similar provisions. The presentation also covered reserve valuation, liquidity and diversification requirements, redemption timing, and supervisory expectations such as third-party oversight, IT security, exam cycles, and reporting. No additional votes or formal actions were taken beyond approving the amended minutes.

Transcript Highlights:

• Next we have the CSPP family fee deductions trailer bill language.
• Those include changes to who can claim the standard utility allowance, changes to the ABOD time limit
• Standard utility allowance... Standard utility allowance.
• Standardization of the intake process.
• It standardizes the way Lanterman eligibility determinations are made at the 21 regional centers and

Keywords: 988, house, all

Transcript Highlights:

• The Central Services fee is a 5% fee that gets deducted from all special funds, so that's the calculation
• <00:09:21.160> um Services fee is a 5% that gets um Services fee is a 5% that gets um deducted
• 22.720> special<00:09:23.040> funds<00:09:23.480> and<00:09:23.600> so deducted
• from all special funds and so deducted from all special funds and so that's<00:09:24.200> the
• 41.400> the So to pull someone over, you would need reasonable suspicion, which is a lower standard

Keywords: 912, senate, all

Summary: The committee heard testimony on a series of transportation-related bills. SB 21 on water carriers would create an inflationary cost index mechanism; DOT, Agriculture, DCCA, the PUC, and several harbor and logistics interests supported it, while Pacific Transfer opposed. SB 1478 would require vessel masters to follow harbor master evacuation orders during emergencies; DOT clarified it applies only to commercial ports, with support from Hima and the Harbor Users Group and opposition from the Hailongm Association. SB 108 would authorize DOT to regulate vessel noise near commercial harbors; the White Harbor Users Group opposed, while DOT said it supported the intent but warned the bill may be preempted by federal law. SB 1475 would raise the bond ceiling for harbor improvement projects from $100 million to $600 million, and SB 1473 would cap central services assessments on DOT funds at $5 million and tie them to CPI; DOT supported both, and Budget and Finance explained the central services fee is generally a 5% deduction from special funds with some statutory exceptions. The committee also heard SB 1402 on securing mooring lines in state commercial harbors, which drew support from the General Contractors Association of Hawaii and the Hawaii Longline Association. SB 1522 on vehicle title transfers was supported by the City and County of Honolulu’s Department of Customer Services. SB 599 would require DOT or counties to scan deceased cats and dogs for microchips before disposal; DOT said it would provide scanners, the Hawaiian Humane Society and a private witness strongly supported the bill, and the committee discussed that the measure would not charge pet owners and that Oʻahu microchip rates are about 80% for dogs and 70% for cats. SB 1025 would allow service and non-service animals on mass transit under certain conditions; DHS offered comments, Maui and Honolulu opposed, while the Hawaiian Humane Society, the Environmental Caucus, and others supported it, and an opponent raised concerns about large pets, service animals, and the need for size and off-peak restrictions. Later, the committee heard SB 1096 on license plate-flipping devices, with DOT and Honolulu police supporting it. SB 384 would expand victim restitution in DUI-related negligent homicide cases to include child support for surviving minor children; DOT, MADD, and the Kiki Injury Prevention Coalition supported it, while the Public Defender opposed, arguing the restitution amounts would be unverified and better handled through civil remedies. SB 597 would extend the deadline for the administrative driver license revocation office to issue decisions, and the Attorney General, police, and Maui prosecutors supported it because of drug-testing delays, especially on neighbor islands. Finally, SB 1285 would create a lower-level impaired driving offense and authorize administrative action; the Attorney General and Public Defender both raised concerns about charging discretion and resource impacts, while county, public health, alcohol policy, and victim advocates strongly supported the bill as a life-saving measure. The transcript ends partway through testimony on SB 1285, with no final committee votes or actions recorded in the excerpt.

Transcript Highlights:

• Senate Bill 1241 aims to expand and the range of standardized college entrance examinations acceptable
• With this bill, universities can consider other standard assessments to determine both automatic and
• general admissions eligibility, broadening student access to various standard standardized tests aligned
• Likewise, the security of our examination has been vetted for highest standards by Florida, Arkansas,
• It's a betrayal, and it puts our standards, our students, and our economy at risk.

Bills: SB530, SB757, SB769, SB1085, SB1241, SB1242, SB1409, SB1878, SB2138, SB2314, SB2231, SB2361, SB2431, SJR59

Keywords: accreditation, postsecondary education, Texas Higher Education Coordinating Board, baccalaureate degrees, junior colleges, program delivery, faculty recruitment, higher education, performance standards, student loan debt, degree programs, funding, students with disabilities, accessibility, enrollment, report, SB 1085, Sul Ross State University, Rio Grande College, Del Rio

Transcript Highlights:

• Oklahoma Council on Economic Education They are responsible for building the most robust and high standards
• had to do with things like earned income tax, income tax credit, taxable income for corporations, standard
• deductions, lowering tax rates, and that this version of the bill is much different than the original

Bills: SB1287, SB1983, SB1796, SB1806, SB1558, SB2135, SB483, SB1198, SB1265, SB2154, SB2139, SB1552, SB2118, SB1775, SB259, SB1344, SB1380, SB2007, SB1572, SB2074, SB1423, SB1425, SB1502, SB1503, SB1833, SB1561, SB1555, SB2044, SB1749, SB904, SB1565, SB1500, SB667, SB1484, SB1562, SB1644, HR1045, SB227, SB1627, SB1475, SB1966, SB2049, SB1531, SB80, SB1734, SB1630, SB1894, SB1975, SB1432, SB1437, SB1812, SB346, SB710, SB1489, SB1614, SB2045, SB1250, SB1304, SB1501, SB1946, SB592, SB65, SB1257, SB444, SB640, SB2178, SB1242, SB1642

Keywords: abstraction, licensing, Oklahoma Abstractors Board, criminal background, good moral character, SB1983, foster care, resource family partner, resource family partners, Department of Human Services, DHS, child welfare, foster homes, foster children, placement data, data sharing, de-identified data, aggregated data, sibling groups, placement disruptions

Transcript Highlights:

• dealing with potable water to be able to deal with cross-connection prevention or backflow protection standards
• So this just cleans up and provides a more clear standard and policy of how to approach that and fix
• The insurance would pay for the cost up to the limit of the policy, subject to deductibles, which is

Bills: SB1241, SB1242, SB1442, SB1592, SB1623, SB1625, SB1913, SB1940, SB1949, SB2102, SB592, SB992

Keywords: ticket sales, resale, consumer protection, fraud, bots, transparency, refunds, event tickets, medical marijuana, cannabis, marijuana license, commercial grower, grow operation, bond requirement, land reclamation fee, revolving fund, environmental remediation, redevelopment, Oklahoma Medical Marijuana Authority, OMMA

Transcript Highlights:

• An increase in the standard deduction by up to $1,500 per family in 2025.
• enforcing energy efficiency standards enforcing energy efficiency standards applicable<06:36:12.478
• enforcing energy efficiency standards enforcing energy efficiency standards applicable<07:07:24.478
• These are bipartisan standards.
• Congress set the efficiency standards in 1975.

Keywords: U.S. House of Representatives Floor Proceedings on Wednesday, January 7, 2026, 1012, house, all

Transcript Highlights:

• if there's, let's say, a hate symbol on the side of a wall, but there still might have to pay a deductible
• if there's, let's say, a hate symbol on the side of a wall, but there still might have to pay a deductible

Bills: AB58, AB275, SB46, SB457, SB465, AB320, AB344, AB381, AB541

Keywords: Nevada gaming, gaming regulation, sports pool, race book, interactive gaming, slot machines, restricted license, Gaming Control Board, Gaming Commission, game approval, administrative approval, service provider, cash access, wagering instruments, global risk management, information service, sports wagering, pari-mutuel wagering, casino regulation, gaming license

Transcript Highlights:

• federally, which would be a needed reform and would help immensely every business access needed tax deductions
• federally, which would be a needed reform and would help immensely every business access needed tax deductions

Keywords: 919, house, all

Summary: The House considered a Senate message announcing that the Senate had concurred in and adopted the conference committee report on Senate File 2370, the cannabis bill. Representative Stevenson moved adoption of the report and explained that the conference committee had largely retained House provisions while making additional changes, including directing the Office of Cannabis Management to return with a medical-market streamlining proposal, expanding testing capacity, and adding an expungement provision. Representative West also urged adoption, saying the bill improved the measure and moved Minnesota closer to a safe, tested, legal cannabis market. During debate on the bill, West argued that the legislation was still too restrictive but would help create a functioning market, support hemp businesses, ease burdens on medical cannabis operators, and improve public safety and expungement outcomes. Stevenson emphasized the bill’s low-potency hemp beverage wholesaler licensing provisions, saying they would support Minnesota breweries and create a needed wholesaling segment in the cannabis supply chain. He also noted that the bill would generate some licensing revenue and help the state’s cannabis market develop more efficiently. Members also discussed the importance of preserving the medical cannabis program for patients, including children with seizure disorders, and the need for clearer local control as cities and counties work with preliminary licensees before market launch. Hansen said local governments have key responsibilities under the legalization framework and warned that delays could affect the expected early 2025 launch. After debate, the House adopted the conference report, and the bill passed as amended by conference on an 80-50 vote, with its title agreed to.

Transcript Highlights:

• However, in 1971, President Nixon removed the dollar from the gold standard.
• It meets the constitutional standards of Article 1, Section 10.
• HB 1551 creates a prevailing party, otherwise known as a loser-pays standard, for awarding reasonable
• First, House Bill 1551, it purports to adopt a prevailing party standard.
• That's the same standard that's in this bill. So it's exactly the same.

Summary: The committee met to hear five banking and insurance-related bills. HB 1549, an Office of Financial Regulation agency bill to help more efficiently regulate financial institutions, was amended to match Senate companion language and then passed unanimously. HB 1231 would extend physician payment and prior-authorization protections similar to a prior dental law, including limits on virtual credit card payments as the sole payment method; physicians and medical groups supported it as a way to reduce fees and retroactive denials, while insurers were not heard in opposition, and the bill passed unanimously. The committee then heard HB 999, which would make gold and silver legal tender and allow transactions in bullion through electronic debit mechanisms. The sponsor and several proponents framed it as an inflation hedge and economic freedom measure, while questions focused on definitions, transaction costs, and vendor participation. The bill passed on a mostly party-line vote, with one member voting no. The committee also approved HM 4363, a memorial urging Congress to establish a sovereign wealth fund; the sponsor described it as a way to steward national wealth, and the memorial passed with one dissenting vote. Finally, the committee took up HB 1551, which would create a prevailing-party attorney fee framework in insurance contract disputes. The sponsor argued it would restore balance, deter meritless litigation, and help consumers with valid claims recover fees, while insurers, business groups, and defense attorneys warned it would revive one-way fee shifting, increase litigation, and raise premiums. Consumer advocates and some members supported it as necessary to give policyholders meaningful recourse. After debate, the bill passed favorably, with one member voting no.