Transcript Highlights:

• If you want to go duck hunting, and you want to use a thumbhole stock on your 12-gauge, by this bill,
• </c><01:07:17.960><c> on</c><01:07:18.040><c> your</c> want to use a thumbhole stock on your want to
• use a thumbhole stock on your 12-gauge, 12-gauge, 12-gauge, by<01:07:20.440><c> this</c><01:07:20.640
• I'm pretty sure that a telescoping stock on a semi-automatic shotgun was not explained to them.
• ,</c><01:07:58.600><c> so</c> gets one with a an adjustable stock, so gets one with a an adjustable stock

Keywords: 1183, house

Transcript Highlights:

• Legislature have invested a lot into affordable housing, we’re still missing the mark on supplying a stock
• And so that's how you protect the land; you also protect the housing and the housing stock.
• And so that's, you protect the land, you also protect the housing and the housing stock.
• This adds needed accessible, affordable units to the housing stock to be rented to people like Jorge
• make mid-rise single stairway as safe as other apartment buildings and much safer than the existing stock

Keywords: 995, all

Summary: The Joint Committee on Housing opened a hybrid hearing focused on housing production bills, with Chairs Julian Cyr and Rich Haggerty emphasizing Massachusetts’ housing shortage and the need to produce more than 200,000 units over the next decade. The committee then heard testimony on a wide range of proposals, including social housing, starter homes and the “missing middle,” accessory dwelling units (ADUs), single-stair residential buildings, permanent affordability homeownership, and housing for people with disabilities. Several witnesses framed the bills as tools to expand supply, lower costs, and address racial and generational wealth gaps. Representative Connolly testified for H. 1478 on the Massachusetts Social Housing Program, describing publicly owned, mixed-income housing financed through a revolving loan fund. Senator Feeney testified for S. 989 on missing middle starter homes, arguing for zoning changes, incentives, and affordability tools to support smaller starter homes and duplexes, triplexes, and fourplexes. Multiple witnesses, including housing advocates, real estate representatives, and local officials, supported the ADU trust fund bill and the single-stair study bill, saying they would reduce barriers, support homeowners, and enable more family-sized and infill housing. Some witnesses opposed bills they said would weaken ADU reforms or add new restrictions, while others urged broader deregulation to speed production. A major portion of the hearing focused on H. 1576/S. 1010, the Homes for Lasting Affordability bill, which would create a permanent affordability homeownership program for low- and moderate-income buyers and support small developments with long-term affordability restrictions. Testimony from community land trust leaders, legislators, and housing advocates emphasized that permanent affordability can preserve public investment, stabilize neighborhoods, and help families build wealth over generations. Senator Miranda and Representative Worrell tied the bill to closing the racial wealth gap and expanding access to homeownership for Black and Latino residents. The committee also heard testimony on S. 971, which would reform the Housing Development and Incentive Program to require more affordability in Gateway City projects. The committee additionally heard from Senator Kennedy and disability advocates on S. 1004, which would strengthen the Alternative Housing Voucher Program for people with disabilities by codifying project-based vouchers and aligning the program more closely with other voucher systems. Witnesses described long waitlists and the lack of accessible, affordable units as major barriers that can lead to homelessness or unnecessary institutionalization. No votes were taken during the hearing; the session was devoted to testimony and questions from committee members.

Transcript Highlights:

• watching, I truly hope that if you were here in the room and that you were watching, that you took stock
• of all of the presentation. ...that you took stock of all of the presentations that was presented today
• When I say take stock, I mean really take stock and understand the severity of the situation and what
• So once again, I hope that my colleagues took stock in these presentations.
• I did take stock of what was said today, and we will continue to advocate and do our best to make sure

Summary: The committee held its second hearing on CalFresh enrollment and nutrition, focused on the effects of H.R. 1 on eligibility, administration, and food access in California. The Legislative Analyst’s Office and the Department of Social Services outlined major federal changes: expanded work requirements for able-bodied adults without dependents, narrowed eligibility for certain lawfully present non-citizens, and new state and county cost-sharing for both administrative and benefit costs. Officials said about 665,000 Californians could lose benefits under the work requirement, roughly 72,000 non-citizens could lose eligibility, and California could face hundreds of millions to billions in new costs depending on error rates and implementation details. DSS described its mitigation efforts, including county guidance, trainings, automation, outreach materials, and coordination with workforce programs, while county representatives argued the workload is larger than current funding assumptions and that staffing and training needs are urgent. Members also heard from a CalFresh recipient, Lauren Keltz, who described how benefits helped her family during her daughter’s medical crisis and how a clerical error led to the loss of food, health, and cash assistance, contributing to homelessness and food insecurity. Her testimony was used to underscore the consequences of administrative errors and benefit disruptions. Grocery and agriculture representatives said CalFresh is not only an anti-hunger program but also a major economic driver, with benefits spent locally at grocery stores, farmers markets, and farm stands. They warned that cuts would reduce demand for fresh food, hurt independent grocers and small farmers, and increase reliance on food banks, while urging continued support for market match and farm-to-food-bank programs. In the second panel, advocates and local administrators emphasized the human and operational impacts of the federal changes. The California Immigrant Policy Center called for expanding the state-funded California Food Assistance Program to cover more immigrants excluded by H.R. 1. A San Francisco eligibility worker and a San Diego county administrator said the new rules will add substantial casework, require more client outreach and exemption screening, and strain already limited staffing. Justice in Aging stressed that CalFresh is a key anti-hunger tool for older adults and people with disabilities, especially as housing and health costs rise, and supported outreach funding for seniors. Throughout the hearing, members discussed the need for state funding, better automation, and stronger county and community partnerships to reduce disenrollment and protect access to food.

Transcript Highlights:

• The revenues have been upgraded since the Budget Act as a result of strong performance in the stock market
• Lee mentioned, very much driven by what's going on in the stock market, which has been on fire, and it's
• The first one on there is telling us that stock prices have gotten so high that the risk-adjusted expected
• is a very aggressive strategy by investors, where they're borrowing from their brokerages to buy stocks
• this chart, see who isn't exactly paying their fair share and who is gaining so much out of the AI stock

Keywords: 988, house, all

Transcript Highlights:

• The only point I want to make here is the language in the bill um just says for acquisition, pre-design
• um<00:43:36.520><c> just</c><00:43:36.800><c> says</c><00:43:37.080><c> for</c><00:43:37.360><c> acquisition
• ,</c> um just says for acquisition, um just says for acquisition, pre-design,<00:43:38.440><c> design

Keywords: 1187, senate, all

Transcript Highlights:

• So I would say of many of the kind of acquisitions, I talked earlier about people starting companies
• and then looking for their exit being through an acquisition.
• That's been probably one of the most active areas for acquisition, largely because companies like Boston
• So definitely, from a founders and funding and acquisition point of view, I'm definitely seeing FemTech

Summary: The Assembly Select Committee on Biotechnology and Medical Technology held a hearing on California’s medical technology landscape, with opening remarks emphasizing the sector’s size, economic impact, and role in jobs and innovation. The first panel contrasted MedTech with biopharma, describing MedTech as hardware- and manufacturing-oriented, more incremental in development, and more dependent on supply chains, land use, and mid-skilled workforce pipelines. Witnesses argued California is the epicenter for MedTech because of its mix of engineering, software, hospitals, and manufacturing ecosystems, and cited clusters in places like Irvine, Fremont, Carlsbad, and the Bay Area. They also highlighted examples such as Penumbra and Vyaire Medical Systems to show how local manufacturing, community college training, and reshoring can support growth. The panel discussed cybersecurity, trade relations, supply chain disruptions, and the need for better coordination with hospitals and regulators, while AdvaMed stressed that medical devices are already heavily regulated by the FDA and should generally be exempt from broader state laws that could create a patchwork of requirements. Members also discussed AI in MedTech, workforce training, and the possible effects of federal NIH funding cuts, with witnesses saying MedTech is less dependent on NIH than biopharma but still benefits from a strong innovation ecosystem. Committee members then asked about AI, affordability, patient satisfaction, women’s health, and the R&D tax credit. Witnesses said AI is helping reduce errors, redundant testing, and imaging time, while keeping clinicians in the loop, and that digital pathology and robotic surgery are improving diagnosis and treatment. They also noted that packaging, plastics, and recycling can affect FDA approvals, and that FemTech is an active and growing area for investment and acquisition. Several members raised concerns about California’s regulatory and incentive environment, including the loss of the R&D tax credit, and witnesses said the absence of tax incentives has made it harder to keep companies and jobs in the state. The second panel featured company representatives from Lyca Biosystems, Intuitive, Saravia Neurosciences, and Newman. Dr. Monroe described digital pathology as a way to digitize tissue slides, improve access to subspecialty review, and enable AI-assisted diagnosis, especially for cancer care and rural areas. Intuitive highlighted robotic-assisted surgery, including the da Vinci system and the Ion bronchoscopy platform, and said its technologies improve precision, reduce complications, and support clinician-led care. Saravia Neurosciences presented an early-stage neurotechnology for dementia that uses MRI-guided transcranial magnetic stimulation and AI-driven personalization, and argued California needs a state translational fund to bridge the gap between discovery and commercialization. Newman, a startup working on home diagnostics, said California’s permitting, zoning, and manufacturing rules make it difficult to scale advanced manufacturing locally and urged streamlining, reduced red tape, and incentives to keep manufacturing jobs in-state. Committee members again focused on tax credits and asked how the state could better support manufacturing, translational funding, and the retention of high-paying MedTech jobs.

Transcript Highlights:

• By statute, this account is strictly dedicated to trail acquisition, development, maintenance, and enforcement
• account is strictly dedicated<00:18:49.600><c> to</c><00:18:49.919><c> trail</c><00:18:50.240><c> acquisition
• ,</c> dedicated to trail acquisition, dedicated to trail acquisition, development,<00:18:52.000><c> maintenance

Bills: HF2439

Keywords: environmental protection, pollution reduction, waste management, climate change, funding allocations, 1183, house

Transcript Highlights:

• By far, research has shown that a portfolio's mix, the mix of stocks versus bonds versus private markets
• By far, research has shown that a portfolio's mix, the mix of stocks versus bonds versus private markets
• is going to... stocks versus bonds versus private markets is going to contribute to 90% of a portfolio's
• But you can see U.S. stocks, as measured by the S&P, of almost 13 percent per year, whereas long-duration

Keywords: 959, house, all

Transcript Highlights:

• Between 2020 and 2024, Louisiana's regulatory stock, the total amount of regulations on the books at
• In other words, the negative effect of each new regulation grows larger as the stock of regulations grows
• The effect of each new regulation grows larger as the stock of regulations grows larger.
• Well, many of those states that you mentioned are also looking at their accumulated stock of regulations

Keywords: 965, house, all

Summary: The Special Committee on Regulatory Reform met as a study hearing with a quorum present but no plans to take votes. Chair Mark Wright opened by noting a draft resolution on regulatory reform and introducing Patrick McLaughlin of the Hoover Institution and Pacific Legal Foundation, who was invited to discuss his research on state regulatory accumulation and reform. McLaughlin described his method of measuring regulation through counts of binding terms like “shall” and “must,” and said Louisiana ranks among the most regulated states, with about 183,000 restrictions and faster-than-average growth in its regulatory stock. He argued that regulatory accumulation slows GDP growth, raises consumer prices, and disproportionately burdens small businesses and low-income households. McLaughlin pointed to reform models in British Columbia, Idaho, and Virginia, saying those states reduced regulations through centralized oversight, periodic review, simplified benefit-cost analysis, transparency tools, and AI-assisted comparison of rules across states. He said Virginia’s regulatory management office helped cut requirements and guidance, reduce licensing delays, and lower homebuilding costs, while similar reforms in Louisiana could produce significant economic gains. Committee members asked about the reliability of the research, the distinction between necessary and duplicative rules, the role of federal mandates, and how AI could help identify outdated or “gold-plated” regulations. McLaughlin said AI should assist human reviewers, not replace them, and emphasized that agencies need a process for reviewing old rules, not just issuing new ones. Members also discussed Louisiana’s own reform efforts, including LaDOGE, permit streamlining, and prior legislation creating public hearings and committee review of regulations. Chair Wright said he had filed a broader bill this session and was working with the administration on next steps. Representative Walters requested supporting data and examples from other states, and other members asked for practical comparisons, including how regulations affect housing, occupational licensing, and small businesses. The hearing ended without any votes or formal action.

Transcript Highlights:

• c> Rockmount has collaborated with many of Colorado's institutions, including the National Western Stock
• institutions, including the National institutions, including the National Western<00:40:01.040><c> Stock
• </c><00:40:02.079><c> creating</c><00:40:02.480><c> its</c><00:40:03.119><c> 120th</c> Western Stock
• Show. creating its 120th Western Stock Show. creating its 120th anniversary<00:40:04.240><c> silk</c>

Keywords: 981, all

Transcript Highlights:

• This issue was discussed by the Stock Epi Advisory Committee back in 2023.
• lot it's something I'm sure no it's not one minute yeah it with one minute with 134 Yes, yeah, the stock
• at the stock at the Advisory Council or committee all lays out all of the to administering stock in

Bills: SB207, SB611, SB920, SB1174, SB1207, SB1325, SB1396, SB1551, SB1619

Keywords: SB 207, Texas Education Code, public school attendance, excused absence, mental health appointment, mental health care, behavioral health, school district, student absenteeism, same-day return, health care professionals, physician certification, religious holy days, court appearance, DFPS, foster care, education policy, student wellness, school mental health, attendance policy

Transcript Highlights:

• studies of late, and the ones that we are looking at presently, the assessed value compared to the acquisition
• value, looking at the acquisition compared to stabilized at full conversion, whether it's housing or
• economic benefits for building owners and tenants, maximizing the use of Minnesota's existing building stock

Keywords: 1187, senate, all

Transcript Highlights:

• A buyback is when companies flush with cash, our cash, buy back their own stock.
• In 2015, the top seven companies spent more than $137 billion buying back stock shares.
• In 2015, the top seven companies spent more than $137 billion buying back stock shares.
• As they buy back their own stock, it makes their stock more expensive, drives up earnings, and guess
• They want to save a buck to buy a buck to buy back their stock and increase their profits.

Keywords: U.S. House of Representatives Floor Proceedings on Tuesday, June 23, 2026, 1012, house, all

Transcript Highlights:

• So looking at those requirements, looking at how we handle mergers and acquisitions to streamline things
• So really, again, focus on process to keep them here in New York. ...handle mergers and acquisitions

Keywords: 993, senate, all

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

Transcript Highlights:

• service network costs acquired through year-to-year pricing are 25 to 30% higher than a five-year acquisition
• Current administrative rules only allow contracts up to two years, making acquisition fiscally unattainable

Summary: The Senate State Affairs Committee approved the January 19, 2026 minutes and then considered and passed a temporary and pending rule for the Idaho Public Safety Communications Commission (docket 15-0601-2501). Testimony from Sheriff Andy Creech emphasized that the rule would reduce administrative burden and costs by allowing longer-term contracts for Next Generation 911 equipment and services, helping Idaho modernize degraded legacy 911 systems and improve location accuracy, redundancy, and call routing. The committee also introduced RS 32996, presented by Senator Shippy, which would create a new licensing procedure for “established caterers.” The proposal would allow qualifying caterers operating from a publicly accessible business location and serving at least 50 events per year to obtain liquor licensing for service at catered events, addressing the current limitation that they lack a traditional brick-and-mortar premise for licensing purposes. Senator Harris moved to introduce the bill, and the motion passed. After official business, the committee hosted the American Falls FFA Ag Issues team, which presented a courtroom-style debate on the USDA’s 2025 rescission of the 2001 roadless rule. Students argued both the environmental and tribal concerns tied to preserving roadless forest protections and the opposing case for forest health, wildfire mitigation, economic development, and management flexibility. Committee members praised the students’ preparation and public speaking, asked questions about their research process and views on the issue, and adjourned after the presentation.

Transcript Highlights:

• I perfectly understand the desire to have a bill like this, which allows you to sell your rolling stock
• prove that they're in financial hardship to be able to move these bus depreciation payments or rolling stock
• payments into the general... ...hardship to be able to move these bus depreciation payments or rolling stock

Bills: HB2720, HB2073, HB2487, SB5816, SB5919, SB5995, SB5831, SB6134, SB6136, SB6137, HB2689, SB5922, SB5944, SB5957, SB5988, SB5994, SB6011, SB6065, SB6103, SB6151, SB6244, SB5420, SB5868, SB6044, SB6132, SJM8002

Keywords: behavioral health, emergency services, health insurance, provider access, mental health funding, premium assistance, funding, healthcare, subsidies, insurance tax, state regulation, insurers, taxation, budget impact, juice grapes, agriculture, commerce, market access, fire safety, insurance incentives

Summary: The House convened with a quorum, recited the Pledge of Allegiance, and heard a prayer from Tammy Stamphley, a Presbyterian minister and hospital chaplain. After approving the previous day’s minutes and receiving a Senate message, the chamber moved to second and third reading of several bills, with multiple measures advanced under suspended rules. The first major vote was on Engrossed Senate Bill 5872, which establishes a pre-K-related account to support up to 10,000 additional early learning slots for three- and four-year-olds. Supporters emphasized the Balmer Group’s private funding commitment and the value of early learning and family support; the bill passed 97-0. Substitute Senate Bill 5834, a Department of Retirement Systems request bill changing the fund source for legal, medical, administrative, and fraud-prevention expenses using interest earnings from pension funds, also passed 97-0. Substitute House Bill 2689, dealing with the Working Connections Child Care program, drew the most debate. Supporters said it aligned attendance policy with federal rules, adjusted reimbursement rates, and helped balance the budget while preserving child care resources. Opponents argued it cut support in rural and underserved counties, would worsen child care deserts, and placed budget savings on the child care industry; it passed 53-44. The House then passed Senate Bill 5922, allowing school districts to transfer vehicle depreciation funds with OSPI approval, by 59-38, and Senate Bill 6065, a narrower bill for districts under enhanced financial oversight such as Prescott, by 97-0. The session ended with announcements that both caucuses would meet later in the day.

Bills: SB1778, SB1570, SB134, SB1966, SB1636, SB1725, SB1726, SB259, SB504, SB592, SB2030, SB1572, SB843, SB1242, SB1255, SB1262, SB1264, SB1286, SB1581, SB1290, SB1316, SB1319, SB1369, SB1379, SB1381, SB1400, SB1427, SB1436, SB1461, SB1496, SB1509, SB1534, SB1553, SB904, SB1592, SB1645, SB1684, SB1767, SB1772, SB1813, SB1894, SB1928, SB1946, SB1980, SB2040, SB2060, SB2061

Keywords: reading instruction, literacy, educational equity, intervention services, third grade retention, Strong Readers Act, child welfare, child safety, administrative transition, Department of Child Safety and Well-being, Oklahoma Commission on Children and Youth, juvenile justice, foster care, retirement, public employees, reemployment, benefit adjustment, Oklahoma Public Employees Retirement System, memorial highways, bridge designations

Bills: SB1778, SB1570, SB134, SB1966, SB1636, SB1725, SB1726, SB259, SB504, SB592, SB2030, SB1572, SB843, SB1242, SB1255, SB1262, SB1264, SB1286, SB1581, SB1290, SB1316, SB1319, SB1369, SB1379, SB1381, SB1400, SB1427, SB1436, SB1461, SB1496, SB1509, SB1534, SB1553, SB904, SB1592, SB1645, SB1684, SB1767, SB1772, SB1813, SB1894, SB1928, SB1946, SB1980, SB2040, SB2060, SB2061

Keywords: reading instruction, literacy, educational equity, intervention services, third grade retention, Strong Readers Act, child welfare, child safety, administrative transition, Department of Child Safety and Well-being, Oklahoma Commission on Children and Youth, juvenile justice, foster care, retirement, public employees, reemployment, benefit adjustment, Oklahoma Public Employees Retirement System, memorial highways, bridge designations

Bills: SB1778, SB1570, SB134, SB1966, SB1636, SB1725, SB1726, SB259, SB504, SB592, SB2030, SB1572, SB843, SB1242, SB1255, SB1262, SB1264, SB1286, SB1581, SB1290, SB1316, SB1319, SB1369, SB1379, SB1381, SB1400, SB1427, SB1436, SB1461, SB1496, SB1509, SB1534, SB1553, SB904, SB1592, SB1645, SB1684, SB1767, SB1772, SB1813, SB1894, SB1928, SB1946, SB1980, SB2040, SB2060, SB2061

Keywords: reading instruction, literacy, educational equity, intervention services, third grade retention, Strong Readers Act, child welfare, child safety, administrative transition, Department of Child Safety and Well-being, Oklahoma Commission on Children and Youth, juvenile justice, foster care, retirement, public employees, reemployment, benefit adjustment, Oklahoma Public Employees Retirement System, memorial highways, bridge designations

Summary: The Senate first handled several gallery introductions recognizing visiting groups, including Muskogee Day, domestic violence advocates, Wagner High School leadership students, the Bixby Chamber and football team, and the Heartland Home Educators co-op. The chamber also adopted a motion to suspend debate rules for the remainder of the day so third-reading bills could be debated under shortened time limits. Senate Bill 134, which shortens the waiting period for Oklahoma Public Employees Retirement System retirees to return to public employment from one year to six months, drew questions about “double dipping,” actuarial impact, and workforce shortages. The author said the bill was requested by the Association of County Commissioners to help counties retain experienced workers, noted an actuarial estimate that the system would drop from 107% to 105% funded, and explained there were no special safeguards beyond existing limits. The bill advanced and then passed 47-0. Senate Bill 196, a measure naming multiple bridges, highways, and interchanges for veterans, law enforcement officers, and other honorees, was presented as a personal bill by the author, including a bridge named for his grandfather. After brief questions, it advanced and passed 47-0. Senate Bill 1636, which allows immediate family members or similar individuals to request OSBI review of cold homicide cases after a local law enforcement case-file review, also advanced after questions about eligibility, timing, and workload; supporters said it would give families a path to seek answers in long-unsolved cases. It passed 47-0. The chamber then considered Senate Bill 1725, which addresses expressive activity on higher-education campuses by allowing content-neutral security fees, limiting discipline to narrowly defined harassment, and requiring free speech training for first-year students. Debate centered on campus free speech, university accountability, and whether the bill would add costs or sufficient enforcement; it passed 40-17 and was advanced as an emergency measure. Senate Bill 1726, a companion bill requiring training for graduate assistants who teach, emphasizing classroom management, academic integrity, and viewpoint neutrality, passed 41-7 and was also advanced as an emergency measure. Finally, Senate Bill 259, a long-debated water bill requiring metering or approved measuring devices for groundwater use, drew extensive discussion over costs, property rights, regional differences, and regulation of irrigators; the bill was advanced to final passage after a 34-8 vote, with debate continuing at the end of the transcript.

Transcript Highlights:

• for be larger federal employment or spending reductions, higher expected inflation, things like a stock
• And so if the stock market corrects, that's a negative for consumer spending.
• for be larger federal employment or spending reductions, higher expected inflation, things like a stock
• market correction. higher the expected inflation, things like a stock market correction.
• And so if the stock market corrects, that's a negative for consumer spending.

Summary: House Finance met in work session on January 13, 2026, beginning with the introduction of new member Rep. Janice Zahn and a reminder about short-session amendment deadlines. The committee then heard JLARC’s 2025 tax preference performance reviews, covering nine preferences. JLARC recommended continuing several preferences, including natural gas transportation fuel exemptions, reduced B&O rates for travel agents and tour operators, a property tax exemption for nonprofit low-income housing developers, a property tax exemption for multipurpose senior centers, a sales and use tax remittance for disabled veteran adapted housing, a trade convention attendance nexus exemption, a B&O exemption for agricultural fertilizer and seed sales, and a hazardous substance tax exemption for certain pesticides. JLARC also recommended allowing unused silicon smelter-related preferences to expire. Members asked about legislative intent, data limitations, and how performance metrics should be tied more clearly to policy objectives; committee leaders and JLARC staff discussed a new standardized rubric for future tax preference performance statements and fiscal note review. The committee also noted that bills related to some of the reviewed preferences were already introduced. For the low-income housing exemption, JLARC said nonprofit developers were building homes as intended but that the current spending-based metric did not fully reflect the policy goal, and it recommended the legislature decide whether to continue or modify the preference. For multipurpose senior centers, JLARC said the exemption met its inferred objective and recommended continuation, with possible consideration of making it permanent. For the disabled veteran adapted housing remittance, JLARC said few eligible veterans were claiming the benefit and recommended continuation with changes to improve access and consultation with the Department of Veterans Affairs. On the trade convention attendance exemption, JLARC said use was unknown but the preference likely helped keep Washington competitive with other states and recommended continuation, though members questioned the lack of direct evidence and the administrative-burden rationale. The committee then received an update from the Economic and Revenue Forecast Council. The forecast showed the U.S. economy slowing but still growing, with Washington expected to have modest growth, weak employment gains, continued personal income growth, and slow construction. ERFC said tariffs and trade policy remained the biggest risks, inflation was expected to stay elevated in the near term, and the Federal Reserve had cut rates three times in 2025 with two more cuts projected in 2026. State revenues were up $105 million in the current biennium compared with the November forecast, but down $185 million in the next biennium, with growth driven in part by recent legislative changes and improved estate tax collections. Members asked about sector-specific employment trends, the impact of high-income households on retail sales, and how state revenues compare with personal income over time. The meeting adjourned after the forecast presentation.