Transcript Highlights:

• </c> submit a rate rate certification to CMS. submit a rate rate certification to CMS.
• We pay an established rate, an hourly rate.
• So I would assume that the rate rate.
• rate and it's that rate forever.
• </c> analysis of the rates and the rates are analysis of the rates and the rates are updated<01:24:52.400

Summary: The committee met with a quorum and first approved the minutes from its May 13 meeting. Members then reviewed a deferred contract with the Kentucky Board of Pharmacy for the Kentucky Pharmacist Recovery Network (KYPRN), a program that provides monitoring and support for pharmacists and pharmacy interns with substance abuse or mental health issues. Board representatives explained that the contract is a long-running arrangement, renewed periodically, with an option for two additional two-year renewals. Senators asked about the program’s structure, participation trends, follow-up, and consequences for noncompliance. The board said enrollment has remained fairly consistent at about 52 participants, with roughly 500 participants over the life of the program, weekly and monthly check-ins during the five-year typical enrollment period, and possible additional sanctions if participants fail to meet obligations. The committee then approved the contract. The committee next considered a group of economic development contracts, including items from the Cabinet for Economic Development. Secretary Jeff Null and general counsel Matt Wingate testified about contracts tied to regional innovation and entrepreneurship hubs. Members focused on the large differences in funding between regions and pressed for more support for rural and eastern Kentucky. Null said the cabinet is working on a more tailored, non-one-size-fits-all approach, including possible changes to capital support, build-to-suit options, and additional resources for rural areas. He said the hubs have helped 193 startups over the last two years and helped attract nearly $350 million in private capital, and he agreed to provide a written report by hub district on startup viability. The committee approved the economic development contracts. The Kentucky Lottery Corporation then presented its contracts with vendor IGT for retail and internet sales systems. Lottery officials said the contracts are mission-critical, cover both the traditional retail system and iLottery, and are structured as a percentage of sales so no payment is made until revenue is earned. They described planned equipment upgrades, including refreshed terminals, new ticket checkers, cashless vending and bill acceptors, and connected-play features that would link retail and online wallets. Officials said keeping the same vendor reduces the risk of business disruption and that the arrangement has already produced cost savings. They also said the lottery continues to see year-over-year growth and expects to meet its annual contribution target of $360 million for scholarships and grants. The committee approved the lottery contract after discussion.

Transcript Highlights:

• Under the last 30 years, under Prop 103, rates have risen every single year.
• Prop 103 requires public inspection of all department rate filings.
• You better be ready to file these new rate files.
• We're ready, and nobody's filing these rate files yet.
• One would be the timeliness of the rate filing process.

Committee: House Insurance

Summary: The Assembly Insurance Committee held an oversight hearing on the California Department of Insurance’s Sustainable Insurance Strategy (SIS), with Commissioner Ricardo Lara reporting on implementation progress and the state’s broader homeowners and commercial insurance crisis. He said the department has finalized major reforms, is reviewing catastrophe models, and expects insurers to begin submitting new rate filings in the coming weeks under the updated framework. Lara emphasized that the goal is to improve availability and stability in the admitted market, reduce reliance on the FAIR Plan, and better reward wildfire mitigation and home hardening. A major portion of the hearing focused on claims handling after the Los Angeles-area wildfires, including smoke-damage claims, underinsurance, and the FAIR Plan. Lara said the department has opened a formal market conduct examination of State Farm’s wildfire claims handling, is investigating FAIR Plan smoke-damage claims, and has helped more than 12,000 wildfire survivors while recovering more than $60 million on complaints. He also announced a new smoke claims and remediation task force to develop standards for smoke-damage cleanup and health protections, and said the department is working with other western states on underinsurance data and policy solutions. Members asked about implementation timelines, the impact on consumers, FAIR Plan costs, and the role of intervenors in rate cases. Lara said the department is tightening rules for intervener compensation and will no longer grant petitions unrelated to the actual rate application, while also clearing a backlog of compensation petitions. He said the FAIR Plan has begun publicly posting policy counts and financial information, and that further transparency measures may follow. Public commenters from the insurance, building, and broker industries generally supported SIS, saying it is needed to restore availability, improve rate timeliness, and stabilize the market. No votes were taken, and the hearing concluded without formal committee action.

Transcript Highlights:

• Managed care base rate growth increases both in enrollment and just the rate increases, just base managed
• And for outpatient hospital services, the Medi-Cal managed care rates are near Medicare rates.
• or exceeding Medicare rates, with some even approaching average commercial rates.
• And now this is another form of a rate reform. To child care, foster rate, true cost.
• Here with rate reforms in Sub 3.

Summary: The subcommittee heard an overview of the Department of Health Care Services’ proposed budget, including a $229.1 billion total-funds budget and projected Medi-Cal enrollment decline as redeterminations continue. Members focused heavily on the fiscal and programmatic effects of prior budget solutions and federal changes, especially the elimination of General Fund-supported Prop. 56 dental supplemental payments beginning July 1, 2026, the hospice utilization-management change, and the impact of reduced caseloads alongside rising health care costs. DHCS said it is still completing required access and rate-reduction analyses for the dental cuts and has been engaging stakeholders, but could not yet quantify the real-world effect on utilization or provider participation. The committee also reviewed the November 2025 Medi-Cal local assistance estimate, which shows higher General Fund spending despite lower enrollment, driven by managed care rate growth, Medicare cost growth, state-only claiming, and federal policy changes. The hearing then turned to provider taxes and federal H.R. 1 constraints, with extensive discussion of the MCO tax, the hospital quality assurance fee, and other health care-related taxes. DHCS explained that H.R. 1 phases down allowable tax levels and tightens “generally redistributive” rules, making the current MCO tax structure and the proposed higher hospital fee levels difficult or impossible to renew as originally designed. Staff and the LAO described the tradeoff between preserving Medi-Cal funding and avoiding higher costs on private providers and consumers. Members asked about options for preserving revenue, including possible amendments to Prop. 35 or returning to voters, and were told the department is still evaluating approaches while federal guidance remains in flux. The committee also reviewed hospital payment increases already implemented through state-directed payments, with DHCS noting that H.R. 1 will force those payments down to Medicare levels over time. Several budget change proposals were discussed and left open, including requests tied to the managed care final rule, managed care operations, hospital value strategy, long-term care payment transparency, and interoperability requirements. The committee also heard about a one-year trailer bill extension for skilled nursing facility financing, including continuation of the SNF workforce standards program, the SNF quality assurance fee, and annual rate growth, while the department develops a longer-term financing redesign for 2027-28. Members expressed skepticism about repeated rate reform efforts and questioned whether a one-year extension of the eliminated workforce quality incentive program should be restored during the transition. Finally, Covered California presented its budget and enrollment update, reporting that the expiration of the federal enhanced premium tax credit is expected to reduce affordability significantly, with average premiums roughly doubling for many enrollees and as many as 400,000 Californians potentially losing marketplace coverage over time. The exchange said California’s $190 million subsidy program is helping lower-income enrollees, but not enough to offset the federal loss, and it is also implementing a new gender-affirming care benefit and awaiting federal action on benchmark plan changes.

Transcript Highlights:

• </c> indication from the credit rating indication from the credit rating agencies<00:23:57.640><c> if
• And that would be the rate.
• <00:28:44.880><c> or</c><00:28:45.039><c> is</c> rating or is rating or is that<00:28:46.919><c> no</
• </c> have to borrow the money at that rate have to borrow the money at that rate right<00:29:53.519><
• </c> wouldn't necessarily come from rate wouldn't necessarily come from rate payers<00:41:01.839><c>

Summary: The joint committees heard testimony on HB 982 HD1, a wildfire-related measure aimed at creating a wildfire recovery fund and a financing structure to address future catastrophic wildfire liability. The Department of Commerce and Consumer Affairs, the Division of Consumer Advocacy, and the Public Utilities Commission submitted comments and were available for questions. Supporters included IBW Local 1260, Kauai Island Utility Cooperative, Clearway Energy Group, Hawaiian Electric, Par Hawaii, and others, while Charter Communications and the Hawaii Association for Justice opposed or raised concerns. Life of the Land supported the bill but urged changes to the definition of a catastrophic wildfire and noted concerns about prudency review language. IBW Local 1260 asked to restore language from the original draft, and Charter warned the bill could impair existing contract and indemnity rights unless amended. A major focus of the hearing was Hawaiian Electric’s position on the HD1 version. Hawaiian Electric strongly supported the original bill but objected to the HD1 requirement for an additional $500 million shareholder contribution, arguing it was not feasible and could delay or prevent the fund from operating. The company said the bill would help protect customers and improve credit ratings by creating a dedicated revenue stream and a bankruptcy-remote financing structure, which it said would lower borrowing costs over time. Members questioned how the $1 billion securitization amount was chosen, whether credit rating agencies had indicated it was sufficient, and how the bill would work in bankruptcy; Hawaiian Electric said the amount was a balance among interests, not based on a specific agency directive, and that it would follow up on bankruptcy questions. Opponents and skeptics raised concerns about liability caps, the new claims process, and unclear language on damages above the fund’s limits. The Hawaii Association for Justice argued the bill limits victims’ remedies and gives too much authority to the new entity without clear guardrails. Committee members also pressed Hawaiian Electric on comparisons to California, the feasibility of the shareholder contribution, and whether alternative capital-raising or divestiture options had been considered. No vote or final action was taken in the portion of the hearing provided; testimony and questioning continued with follow-up information requested from Hawaiian Electric and others.

Transcript Highlights:

• So those are what we call legislative rates. So they're your rates. We pay according to your rates.
• The hourly rate... So, they're your rates. We pay according to your rates. Thank you.
• rates.
• Our turnover rate has gone up, but our vacancy rate is still very high in certain sectors.
• Per diem rates, the new rates, it's the added 17%.

Committee: Senate Appropriations Committee on Criminal and Civil Justice

Summary: The committee met for an interim appropriations presentation hearing focused on justice administration agencies. Members heard budget requests from the State Attorney’s Office, Public Defenders, the Justice Administrative Commission, Regional Conflict Counsel, Capital Collateral Regional Counsel, and the Guardian ad Litem Office, followed by a presentation from the Department of Juvenile Justice and a brief public comment from a nonprofit advocate. The chair noted that presentations from the Department of Law Enforcement and the Commission on Offender Review would be moved to a later meeting. The state attorney requested funding to true up underfunded circuits under the existing formula, staff 14 new criminal judgeships, replace declining VOCA victim-services funding with general revenue, and cover a projected due process shortfall. The public defender asked for a higher starting salary for assistant public defenders, funding to restore balance in circuits where public defenders lag behind state attorneys, and staffing for new criminal judgeships. Regional conflict counsel and capital collateral regional counsel also sought salary adjustments, additional attorneys and case costs, and competitive area differential funding to address recruitment and retention issues. The Justice Administrative Commission requested funding for Florida PALM readiness and implementation and for IT hardware and software replacement; it also relayed a clerks’ request for reimbursement related to injunctions for protection, Baker Act, Marchman Act, and sexually violent predator cases. The Guardian ad Litem Office said it now has a guardian ad litem for every child in Florida and requested salary increases for senior and managing attorneys to reduce turnover. The Department of Juvenile Justice presented a much larger budget request to expand residential and detention capacity, increase per diem rates, renovate and replace aging facilities, fund the Broward detention center rebuild, improve cybersecurity and the juvenile information system, and cover rising lease costs. Members asked questions about staffing, compensation, detention and residential treatment needs, mental health and substance-use services, and the Broward project timeline. A nonprofit advocate then asked for better data collection on protection orders and related court actions to support funding for domestic violence and recovery services. The committee adjourned without taking any formal votes on the budget requests.

Transcript Highlights:

• </c> rate what what is the inflation rate rate what what is the inflation rate relative<00:19:55.080>
• Mortgage rates don't track interest rates; mortgage rates track the 10-year Treasury.
• Mortgage rates don't track interest rates; mortgage rates track the 10-year Treasury.
• Mortgage rates don't track interest rates; mortgage rates track the 10-year Treasury.
• rate.

Summary: The meeting was a Ways and Means briefing opened by the vice chair, who introduced Jason Wong of the Federal Home Loan Bank of Boston to discuss the national and regional economy. Wong focused on inflation, asking why it had fallen from about 9% in 2022 to the 2%–3% range, and what that meant for monetary policy and the risk of an economic downturn. He said the Fed’s target is 2%, noted that recent PCE inflation was about 2.4% and core PCE about 2.7%, and described the ongoing debate over whether interest rates should stay tight or be lowered further to protect the labor market. Wong explained that the improvement in inflation has been driven largely by goods prices, especially durable goods such as cars, appliances, and furniture, as well as non-durable goods like food. He said supply-chain disruptions during the pandemic caused major price spikes in 2022, but those pressures have eased and many goods prices are now at or below the Fed’s target. He also referenced the New York Fed’s Global Supply Chain Pressure Index, saying it showed extreme pandemic-era disruptions that have since receded. The main remaining inflation problem, he said, is in services, especially housing. Wong broke services into rent of shelter and all other services, explaining that shelter is a large share of household budgets and that housing inflation has a lag because rent measures often reflect older lease terms rather than current market rents. He said monthly Zillow data suggest market rents have cooled and may eventually feed through to official inflation measures. Members asked several questions about the chart’s time scale, the treatment of real estate, property taxes, and utilities, and Wong clarified that housing costs are counted in services and that the slides would be shared digitally. No votes or formal actions were taken.

Transcript Highlights:

• In the most recent biennia, rates have been set according to the results of a child care market rate
• The response rate also fluctuates between provider types and rate regions.
• rate survey to be considered valid for purposes of informing rate increases.
• The market rate survey must achieve a 65% response rate for each child care subsidy rate region.
• The market rate survey must achieve a 65% response rate for each child care subsidy rate region.

Summary: The Ways and Means Committee held its last scheduled public hearing of the year on March 9, 2026, taking testimony on House Bill 2487, Substitute House Bill 2689, and Engrossed House Bill 2681. For HB 2487, staff and the Department of Revenue explained that the bill would narrow a B&O tax exemption for insurance-related businesses after a 2024 Supreme Court decision, make several related changes including annuity and assigned risk plan exemptions, adjust the advanced computing surcharge threshold for certain affiliated groups, and allow a penalties-and-interest waiver with a repayment plan. DOR supported the bill as clarifying the original intent and preventing double taxation, while insurers and health plan groups opposed it, arguing it would create higher costs, retroactive tax liability, and uncertainty; consumer and policy groups testified in support, saying it closes a loophole and restores the intended tax structure. Committee members questioned the retroactivity, the number of affected businesses, and the fiscal estimates, and the chair reminded members that amendment requests were due by noon for the next day’s executive session. For Substitute HB 2689, staff described changes to the Working Connections Child Care program that would keep income eligibility at 60% of state median income, reduce future rate-setting from the 85th to the 75th percentile, block enhanced rates for certain cross-region providers, cancel the planned move to enrollment-based prospective payments, revise attendance-based reimbursement to a full month for absences of 10 days or fewer and half-month for longer absences, and require a 65% market survey response rate for validity. The fiscal note projected substantial savings, offset by implementation and staffing costs. SEIU 925 and Head Start representatives supported the simpler House approach to attendance billing but raised concerns about the new survey threshold and the risk of increased audits and provider burden; they also noted an amendment under discussion to address the 2026 survey issue. Committee questions focused on how a full month is defined under the attendance rules. For HB 2681, staff said the bill would raise annual issuance and renewal fees for cannabis producer, processor, and retail licenses by $400, generating about $866,000 per year for the dedicated cannabis account with minimal administrative cost. No one signed up to testify, and the chair closed the hearing without a vote on any of the bills. The chair also thanked committee staff for their work and reiterated that amendments for the heard bills were due by noon that day.

Transcript Highlights:

• The program has a three-step formula to calculate the annual rate, and if the calculated rate exceeds
• a rate necessary to maintain a three-month reserve at the end of the following rate collection year,
• the rate must be set at the rate for the three-month reserve.
• The program has a three-step formula to calculate the annual rate, and if the calculated rate exceeds
• the rate must be set at the rate for the three-month reserve, but there is also a 1.2% cap.

Summary: The Senate Labor and Commerce Committee opened its 2026 session with member introductions and a work session on the Employment Security Department’s structure and programs. ESD officials described their roles and reviewed paid family and medical leave, WA Cares, unemployment insurance, workforce services, and agricultural worker outreach. Senators raised concerns about call volume, program solvency, fraud detection, employer access to information, and whether workers can receive leave benefits while working other jobs. ESD said WA Cares is in a limited pilot, PFML has seen rapid growth, UI trust fund solvency is projected to be near the statutory trigger level, and they would follow up with more detailed information on eligibility, fraud referrals, and employer scenarios. The committee then heard Senate Bill 5292, which would replace the current PFML rate-setting formula with a forward-looking actuarial model and require a four-month reserve beginning in 2030. Supporters, including the sponsor, JLARC staff, labor advocates, and employer groups, said the change would improve stability and follow JLARC recommendations; opponents warned it could lead to higher payroll taxes and argued the program is already too costly. The chair said she intended to keep the bill narrow as it moved forward. The committee also heard Senate Bill 6014, a technical bill on pregnancy-related accommodations that would preserve the ability of pregnant workers to request certain accommodations without a doctor’s note and create a public records exemption for sensitive complaint and investigation records; the sponsor and supporters said it corrects a drafting error and protects privacy. Next, the committee heard Senate Bill 5972, which would remove the population threshold limiting interest arbitration for correctional officers in jails, and Senate Bill 5869, which would make permanent and expand from residential to all building construction sites a requirement that L&I notify employers or owners within 10 working days when a hazard is identified. Correctional officers’ representatives and labor groups supported SB 5972 as a fairness and safety measure, while the sponsor said it would create consistency across jurisdictions. Construction industry groups supported SB 5869, and L&I said it had no concerns but wanted the bill kept narrow; the chair noted the bill’s purpose was to speed hazard communication. Finally, the committee heard Senate Bill 5874, which would allow ESD to waive penalties for minor errors in quarterly unemployment reports, especially missing SOC/job-title information. The sponsor said small businesses were being hit with unnecessary fines, and ESD said it had identified a sharp rise in penalties and was working with the sponsor on possible fixes. The committee adjourned after the hearings.

Transcript Highlights:

• So what interest rates look like? right? So what interest rates look like?
• </c> half points on the on the current rate. half points on the on the current rate.
• </c> reasonable rate in order to do projects? reasonable rate in order to do projects?
• </c> percentage rate. So that's an uptick. percentage rate. So that's an uptick.
• </c> taxed at a lower rate. Oh, thank you. taxed at a lower rate. Oh, thank you.

Committee: Senate Ways and Means

Transcript Highlights:

• as close as possible to the risk-free rate of return, and that rate increases, which are allowed, have
• One of the proposals in the bill is to limit when rates... ...in the bill is to limit when rates can
• they feel like they'd like to make a rate filing.
• set the rates.
• Come on ahead and plead your rate filing.

Committee: Senate Regulated Industries

Summary: The committee took up several bills and reported each favorably after brief debate and roll call votes. SB 578 would allow wine to be sold in recyclable containers, aligning wine with beer container rules; it had support from Americans for Prosperity. SB 606 clarified when nonpaying guests may be removed from public lodging establishments, updated notice and checkout provisions, and removed a mandatory arrest requirement, with support from Florida Realtors, the Asian American Hotel Association, and the Florida Restaurant and Lodging Association. SB 202 addressed a long-running dispute between Miami Gardens and North Miami Beach over a water utility surcharge, requiring the utility to charge residents in the city where the plant sits the same rate as its own residents; supporters argued it was a fairness issue, while North Miami Beach opposed it as a burden on its residents. All three bills were reported favorably. The committee also approved SB 570, which updates and clarifies the scope of work for swimming pool and spa contractors, and CS/SB 928, which targets non-approved disposable nicotine devices by restricting advertising and display visible to minors, increasing inspections and penalties, and adopting an amendment to clarify the bill does not cover fully unlawful products and to add a 500-foot school buffer for smoke shops. SB 346, dealing with state preemption of local regulation of hoisting equipment, was reported favorably after testimony about the St. Petersburg crane collapse during Hurricane Milton; supporters said local governments need authority to address hurricane-related crane safety, while builders and contractors warned against patchwork regulation and urged a more targeted approach. The committee then considered SB 652, creating Veterinary Professional Associates to perform certain tasks under veterinarian supervision, including limited surgical procedures after an amendment clarified those procedures are limited to spay/neuter and non-cavity surgeries. Supporters said the bill would expand access to veterinary care and help shelters, while some veterinarians expressed concern about training and safety; the bill was reported favorably. Finally, the committee took up SB 354 on the Public Service Commission, adopting a substitute amendment that would expand the commission, require stronger financial expertise and more detailed rate justifications, set rate-filing schedules, tighten storm-hardening review, and add transparency rules for nonprofit water and wastewater utilities; the bill drew support from consumer advocates and AARP, while Florida Rural Water warned of unintended consequences for nonprofit systems. The transcript ends while testimony on SB 354 is still underway, with no final vote shown in the excerpt.

Transcript Highlights:

• , the retail rate, the retail rate, The wholesale rate, the retail rate of the power, nothing higher,
• rise at an alarming rate.
• Those also go into rates.
• best rate of return.
• best rate of return.

Committee: Senate Energy, Utilities and Communications

Summary: The committee heard several energy, water, and utility bills. SB 919 by Senator Grayson would extend the biomethane monetary incentive program through 2030 and authorize additional funding to support renewable natural gas projects by reducing interconnection costs. Supporters said high interconnection costs and the current tax treatment are major barriers to methane reduction projects; opponents, including TURN and environmental groups, raised ratepayer cost concerns and objected to rate-basing and additional public funding. The author said amended language would remove the rate-basing provisions and instead urge the CPUC to act quickly on its pending decision. SB 931 by Senator Laird would reauthorize the Community Impact Mitigation Program for the Diablo Canyon plant through 2030 to continue funding local emergency preparedness, fire protection, public safety, and school district costs. The County of San Luis Obispo and labor groups supported the bill, while TURN opposed it as a statewide ratepayer subsidy that could be funded from existing PG&E revenues instead of higher rates. Members discussed the bill in the context of the 2022 Diablo Canyon extension deal and the possibility of a future longer extension. SB 1215 by Senator Cortese would direct the CPUC to set deployment targets for EV charging in multifamily housing and evaluate progress, with amendments aimed at affordability and limiting system upgrade costs. Supporters said renters are largely locked out of home charging and that prior utility programs proved cost-effective; no opposition testified. SB 1359 by Senator Stern would require more deliberate CPUC review before major gas system investments, emphasizing electrification and non-pipeline alternatives. Gas utilities and several industry groups opposed it, arguing it could undermine the obligation to serve, create safety and reliability risks, and change the regulatory compact. The committee also heard SB 1125 by Senator Menjivar, presented by Senator Gonzalez, which would establish a statewide low-income water rate assistance program upon appropriation. Water agencies, environmental groups, and local governments supported the measure, while one member expressed concern that it lacked a funding source and could not overcome Proposition 218 limits; the bill was moved to Appropriations and the roll was left open. Finally, SB 1098 by Senator Perez would restrict the use of long-running memorandum and balancing accounts by investor-owned utilities, require exceptional circumstances for new accounts, and add sunset and cost-sharing requirements. Consumer advocates and large energy users supported tighter oversight, while the utilities and business groups opposed the bill as too rigid and potentially harmful to flexibility for wildfire, emergency, and safety-related costs.

Transcript Highlights:

• This helps reduce volatility in the contribution rate.
• Per this policy, you can see that the FY27 minimum rate was 32%.
• Therefore, the board did certify the employer contribution rate at 32%.
• The rate increase is the cause of that NDI.
• So as rates rise, bond prices fall.

Committee: House Joint Committee on Public Employee Retirement

Summary: The Joint Committee on Public Employee Retirement held an informational hearing on the Missouri State Employees’ Retirement System (MOSERS) to review its long-term financial condition, funding status, investment performance, experience study results, and possible legislation. MOSERS staff explained that the plan is a statutorily created defined benefit system covering state employees, several colleges and quasi-governmental entities, with an 11-member board and outside actuarial and investment consultants. They reported the June 30, 2025 valuation showed a funded ratio of 55.4%, assets of about $9.6 billion, liabilities of about $17.4 billion, and a FY27 actuarial employer rate of 27.44%, which the board raised to a 32% minimum contribution rate under a policy adopted in 2023. MOSERS attributed the funding decline over time to several factors: reductions in the assumed investment return from 8.5% to 6.95%, mortality assumption updates, a move from open to closed amortization, and especially weak payroll growth and a shrinking active workforce. Staff said the minimum contribution policy is intended to accelerate UAL paydown and could bring the plan to 80% funded by 2037 rather than 2041, assuming all assumptions are met. The committee also discussed the recent experience study, which kept the investment return assumption at 6.95% and made only modest assumption changes, and a proposed 2026 bill package (SB 1557 and SB 1054) that would automatically refund small balances under $1,000 to terminated non-vested members and add auto-escalation to the deferred compensation plan. A substantial portion of the hearing focused on investment strategy and why MOSERS has lagged some peers. The investment consultant said historical underperformance was driven mainly by asset allocation choices that emphasized a more risk-balanced, diversified portfolio with less public equity exposure than peers during a period when equities performed very strongly. He said the board adopted a more equity-oriented allocation in 2024 and is phasing it in over eight quarters, with recent short-term results improving and the portfolio outperforming its policy benchmark. Members also asked about the effect of inactive members, the rationale for the higher employer contribution, and whether the current board should be held responsible for past decisions; MOSERS officials emphasized that the current board is trying to correct course and that pension funding changes take time. The hearing also touched on ongoing litigation against a former private equity manager, Catalyst Capital, with MOSERS saying it has spent about $20 million in legal fees so far and that the case remains on appeal. The committee took no formal vote and adjourned after the informational presentation and questions.

Transcript Highlights:

• /c><01:14:09.640><c> case</c><01:14:10.000><c> was</c> rates outside of the rate case was rates outside
• a rate case.
• More contentious rate cases means more expensive rate cases.
• rate increases.
• </c> rate case. rate case.

Bills: SB3302 , SB2061 , SB2050 , SB2102 , SB2694 , SB2089 , SB847

Committee: House Consumer Protection & Commerce

Summary: The committee on Consumer Protection and Commerce met on April 9, 2026, and heard testimony on several measures. SB 3302 SD1 HD1, dealing with homemade food products, would require the Department of Health to adopt rules for farm kitchens producing homemade food products that are no more stringent than rules for home kitchens. The Department of Health said it supported the bill with technical amendments, and the Hawaii Food Industry Association and Grassroot Institute of Hawaii also supported it. No opposition was heard. A lengthy discussion focused on SB 2061 SD2 HD1, which concerns a 99-year leasehold residential condominium project and HCDA’s rules for sales, income restrictions, and buyback pricing. HCDA supported the bill and said the House draft clarified unclear provisions and would help move the project to pre-sales. Testimony and committee questions centered on whether the project should remain owner-occupied in perpetuity or allow investor purchases after an initial sales period. HCDA explained that the bill was revised to make the project feasible in the market, that 60% of units would be income-restricted for buyers at or below 140% of area median income, and that the remaining units could be sold without owner-occupancy restrictions. Some members and testifiers expressed concern that the bill had shifted away from the original owner-occupancy vision and could become an investment property model, while others argued the changes were necessary for the project to pencil out and compete with fee-simple developments. No vote was taken during the discussion shown. The committee also heard SB 2050 SD1 HD1, which would allow chiropractic students in accredited programs to engage in clinical practice beginning July 1, 2028. The Hawaii Board of Chiropractic and the Hawaii State Chiropractic Association supported the measure, and one testifier described personal experience with student chiropractic care in California. Members questioned why the board requested delaying implementation until 2030, and the board said it needed more time to develop rules because it meets only a few times a year and rulemaking is lengthy. Finally, SB 2102 SD2 HD1, on industrial hemp in commercial feed, was introduced; the Department of Agriculture and Biosecurity offered comments, the Department of Health raised concerns about regulating pet food and possible jurisdictional conflict, and a farmer testifying in support suggested narrowing the bill to federally approved livestock feed rather than pet food.

Transcript Highlights:

• </c> great job of controlling rate increases. great job of controlling rate increases.
• </c> to adjust and reasonable rate of return. to adjust and reasonable rate of return.
• Our rates are fair and reasonable.
• how the PUC is to consider a utility's request for a rate of return in that rate case.
• How would that help with rate like? How would that help with rate cases?

Bills: HF3458 , HF3777 , HF3778 , HF3912

Committee: House Energy Finance and Policy

Transcript Highlights:

• and base rates are subject to refund, together with interest on the refunded amount, at the same rate
• as the rate of interest. ...on the refunded amount, at the same rate as the rate of interest.
• Base rate recoveries arising from the inclusion of construction work in progress and base rates are subject
• to refund, together with interest on the refunded amount at the same rate as the rate of interest for
• But the thing is, rates are going up, and those rates have gone up because of a lot of policy decisions

Committee: House Utilities

Summary: The Committee on Utilities first met in executive session and adopted a House Committee substitute for House Bills 2658, 2147, 2472, and 2546 by a roll call vote of 20 ayes and 1 no. The substitute expanded telephone solicitation language to include unsolicited real estate solicitations, adjusted reassigned-number compliance language, and refined spoofing-related definitions to focus on intent to cause harm or wrongfully obtain value. Members also discussed how the no-call list, existing business relationships, and political fundraising calls would be treated under the substitute. The committee then heard House Bills 1626 and 2122, both relating to nuclear energy and construction work in progress (CWIP/QIP) financing for nuclear projects. The sponsors argued the bills would remove an outdated barrier to nuclear construction in Missouri, especially for small modular reactors, by allowing utilities to recover construction costs during construction and thereby reduce interest and overall project cost. They emphasized ratepayer protections through clawback provisions, the role of the Public Service Commission, future energy demand, economic development, and keeping Missouri competitive with other states. Several members raised concerns about higher utility rates, the risk of cost overruns, the possibility of ratepayers paying for projects that are delayed or never completed, and whether the proposal was premature given that SMRs are not yet widely deployed in the United States. In response, the sponsors and supporters said the bill would include refund protections similar to Senate Bill 4 and that the PSC would oversee prudence and timing. Public witnesses in support included business, utility, and municipal representatives, as well as Missouri S&T’s chancellor, who stressed workforce development and the growing national and global move toward nuclear power. The hearing on House Bills 1626 and 2122 was then closed.

Transcript Highlights:

• So the 9-1 date is related to the rate page.
• So the 9-1 date is related to the rate page.
• I am sure that there have been rate reviews.
• So at any rate, I cannot say that they have not done rate reviews.
• One is the rate increase.

Committee: All ALC-ADMINISTRATIVE RULES

Summary: The Administrative Rules Subcommittee of the Arkansas Legislative Council reviewed several agency rules and requests. The Insurance Department’s amendment to its holding company system rule was reviewed and approved, as were two State Board of Election Commissioners rules: one clarifying poll watcher conduct, vote challenges, and provisional voting, and another increasing pay for certified election monitors and defining training, observation, and report-writing compensation. The Arkansas Financial Education Commission also had its rule reviewed and approved after removing membership requirements tied to DEI language to comply with Act 938. The committee held over the Department of Education’s request to be excluded from reporting requirements for one month to allow further discussion about who should write or implement the rules. A major portion of the meeting focused on the Department of Human Services’ request to be excluded from reporting requirements for Acts 567, 568, 967, and 1025. DHS said CMS had raised comparability and other federal approval concerns, especially for the dental and diagnostic lab provisions, and that it might not be able to meet the acts’ effective dates. DHS described several possible paths forward, including broader benefit changes, waivers, or splitting the dental provisions so the pediatric rate increase could move separately from the special-needs adult cap increase. The Arkansas State Dental Association disputed DHS’s conclusion that the acts could not be implemented as written, argued that Act 1025 is workable, and urged DHS to continue pursuing implementation and preserve the September 1 effective date where possible. Public testimony also supported expanded dental access for adults with disabilities and special needs. After discussion, the committee voted not to exclude DHS from reporting requirements for those acts. The committee then reviewed the Division of Higher Education’s Act 781 report. The division said it has 32 rules in effect, asked to repeal three rules—two replaced by new rules and one no longer supported by authority or current law—and to continue the remaining 29 rules. The committee approved that request, with the repeals effective upon adjournment of the Legislative Council meeting on January 16, 2026. The meeting concluded with no questions on the remaining written rulemaking updates from prior and current sessions, which were filed without further action.

Transcript Highlights:

• And so regarding the ISO rating, uh, city of Clo had a lower ISO rating, which many times will impact
• your homeowners insurance rates.
• It'll lower those rates for those that have the lower ISO rating.
• </c> district, what are their ISO ratings district, what are their ISO ratings now?
• </c> impact your homeowners insurance rates. impact your homeowners insurance rates.

Transcript Highlights:

• The Alabama legislature supported a rate increase for our providers in 2022, and that rate increase has
• the rate study, it was based on an average rate.
• They had to continue paying a per-member, per-month rate regardless of the utilization rate.
• rate.
• Somewhere between a 25-28% grant rate.

Transcript Highlights:

• Rate exceptions are based on the exceptional need of the individual that the DHS framework rate does
• </c> processes of establishing payment rates processes of establishing payment rates and<00:41:04.280
• </c> housing support room and board rate housing support room and board rate add-on<00:43:35.240><c>
• </c> over time when it comes to the rate over time when it comes to the rate exceptions<00:45:50.880>
• I agree that what we're seeing with rate exceptions, we are seeing a growing trend in the use of rate

Committee: House Human Services Finance and Policy

Transcript Highlights:

• In the most recent biennia, rates have been set according to the results of a child care market rate
• The response rate also fluctuates between provider types and rate regions.
• rate survey to be considered valid for purposes of informing rate increases.
• The market rate survey must achieve a 65% response rate for each child care subsidy rate region.
• The market rate survey must achieve a 65% response rate for each child care subsidy rate region.

Bills: HB2487

Committee: Senate Ways & Means

Keywords: insurance tax, state regulation, insurers, taxation, budget impact