Video & Transcript Research : 'distributable amount'
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MN
Minnesota 2025-2026 Regular Session
Committee on Commerce and Consumer Protection - 02/18/25
Commerce and Consumer Protection
Transcript Highlights:
- > recommended servings of alcohol and the recommended servings of alcohol and the recommended amount
- 00:08:03.680>
a <00:08:03.879>woman <00:08:04.879>is <00:08:05.159>one amount - of alcohol for a woman is one amount of alcohol for a woman is one serving<00:08:06.039>
a <00 - all those in favor say I I distributed all those in favor say I I opposed<00:31:54.519>
A2 <00 - It'll be distributed. I'll wait for it to be distributed.
MD
Transcript Highlights:
- 00:18:25.200>
Senator's collect and distribute the Senator's collect and distribute the Senator's - 00:40:23.720>
Senator's collect and distribute the Senator's collect and distribute the Senator's - 01:34:49.240>
senator's collect and distribute the senator's collect and distribute the senator's - . distributed. distributed.
- amount amount estimated<01:40:33.880>
at <01:40:34.240>as <01:40:34.600>much <01
Summary:
The Senate convened with a quorum present, opened with an invocation, and welcomed guests including the doctor of the day, a Johns Hopkins student, and visiting scouts. The chamber then moved through first-reading introductions of several House bills, including measures on bullying and harassment reporting, the Family and Law Enforcement Protection Act, Baltimore County nuisance actions, parole hearing commission procedures, a blockchain technology task force, and a task force on deed fraud, all of which were referred to standing committees.
The main floor action centered on layover bills. Senate Bill 932, concerning social media platforms displaying a user’s usual location, was amended to broaden the protected location reference and to protect participants in the Secretary of State’s address confidentiality program; after discussion about whether minors and child-abuse victims were covered, the amended bill was ordered printed for third reading. Senate Bill 623, creating a premium cigar lounge alcoholic beverage license, drew multiple county-specific amendments. Howard County and Baltimore County amendments sought to give priority to existing local tobacco businesses for the new licenses. Supporters said the changes would protect established local shops from out-of-state entities, while opponents argued the bill should remain statewide and not be amended county by county. A motion to special order the bill failed, and the amendments were adopted before the bill was ordered printed for third reading.
Senate Bill 84, on collective bargaining for graduate assistants, also advanced after a committee amendment was adopted. A District 2 amendment was offered to clarify that graduate assistants are employed as teaching, administrative, or research assistants, but the floor leader opposed it, saying the bill’s definition was already clear and the change would create confusion. The minority leader questioned the definition and the relationship between graduate assistants and employees, prompting discussion of collective bargaining as bargaining by employees through representatives. The transcript cuts off before final disposition of that amendment.
FL
Florida 2025 Regular Session
Appropriations Committee on Agriculture, Environment, and General Government Mar 26th, 2025
Transcript Highlights:
- pantries to serve are less fit, fortunate and food, insecure, Floridians and to purchase transport and distribute
- permit would require a high level of protection monitoring and performance currently in place for distribute
- Most of us don't even get the amount of water we need to be getting.
- But then once you get up into late teens and early 20's, that amount of fluoride is not doing the same
- amount of benefit that it was earlier.
WY
Transcript Highlights:
- Distri distributing the 15 Wyoming.
- <00:13:42.560>
owed <00:13:42.720>to remaining amounts that are owed to remaining amounts - And so they will need the capacity to administer that amount of lives on the plan. >> Mr.
- And so they will need the capacity to administer that amount of lives on the plan. >> Mr.
- The capacity to administer that amount of lives on the plan. >> Mr.
Bills:
HB0150
Keywords:
Wyoming business council, economic development, task force, evaluation, policy reform, 916, all
TX
Transcript Highlights:
- So we do spend a significant amount of manpower going through to make sure that the information coming
- Among the different transmission and distribution components, if you look at...
- of energy that they draw typically is not the peak amount that they ask for.
- of energy that they draw typically is not the peak amount 6002 So the initial amount of energy that
- they draw typically is not the peak amount 6003 that they ask for.
Summary:
The Senate Committee on Business and Commerce held its first interim hearing on securing critical infrastructure and supply chain integrity, with a focus on Texas’s electric grid and the Lone Star Infrastructure Protection Act. The chair also highlighted Texas’s relatively low electricity prices and welcomed new committee members. ERCOT, the Public Utility Commission (PUC), and the Attorney General’s office were invited to explain how the state screens market participants and grid equipment for ties to China, Russia, Iran, and North Korea, and how the agencies respond to noncompliance.
ERCOT testified that it has implemented the requirements of three related Senate bills by requiring attestations on corporate affiliations and on critical grid equipment and services. ERCOT said it has processed thousands of attestations, used additional requests for information and third-party verification tools such as Dun & Bradstreet, and terminated nonresponsive market participants. ERCOT also said it has not seen a case requiring direct Attorney General involvement, but it does refer matters to the PUC when needed. The PUC said it can investigate suspected violations and impose penalties of up to $1 million per violation per day, and that most investigations into late or missing attestations have been resolved through compliance, market exit, or removal by ERCOT. The Attorney General’s office said its role is currently limited to audits and court involvement, and that it lacks broad independent investigatory authority under the act.
Members pressed the panel on whether the current system is too reliant on self-reporting and whether it adequately addresses indirect foreign influence, especially through supply chains for batteries, inverters, transformers, and other equipment with routable connectivity. ERCOT acknowledged that the current attestation process has gaps and said it plans to refine definitions of critical grid equipment and grid services, improve information requests, and continue stakeholder rulemaking. The panel also discussed possible legislative changes, including tying prohibitions to the Department of Defense Section 1260H list and the Texas Prohibited Technologies list, clarifying warranty and service access, and expanding the statute to cover grid services more directly. Several senators raised concerns about cost, reliability, and the extent to which foreign-sourced components remain embedded in Texas infrastructure, while others suggested incentives for domestic manufacturing and stronger verification tools, including possible work with national labs such as Sandia.
MN
Transcript Highlights:
- <00:10:30.720>
of disproportionately high uh amount of disproportionately high uh amount of - <00:26:43.440>
to manganese before it is distributed to manganese before it is distributed - about the amount of those scholarships. about the amount of those scholarships.
- So equivalency is equivalency amounts.
- Just not clear yet if the amount equal.
MA
Massachusetts 2025-2026 Regular Session
Formal House Session 67 Jun 21st, 2026 at 11:00 am
Massachusetts House Floor Meeting
Transcript Highlights:
- Of this funding, $200 million will be distributed to all municipalities based on the standard Chapter
- 90 program distribution formula.
- The standard Chapter 90 program distribution formula is 58% for road mileage, 21% for population, and
- In support of our rural communities, the remaining $100 million of this funding will be distributed to
- all municipalities based on their proportional amount of local road mileage.
Summary:
The House opened with the Pledge of Allegiance and first took up a Rules Committee report recommending adoption of a resolution honoring the 200th anniversary of the Bethel African Methodist Episcopal Church in New Bedford. The House suspended the rules and adopted the resolution. The Steering, Policy and Scheduling Committee then reported a series of local bills for consideration, including measures on legal notices, charter changes for Chicopee, Bridgewater, Wellesley, Weston, Somerville, and Watertown, as well as bills on firefighter residency, a checkout bag fee in Sudbury, senior tax exemption eligibility in Williamstown, and liquor licenses in Lexington. The House suspended Rule 7A, gave the bills second reading, and ordered them to a third reading.
The House also considered a Ways and Means report on H. 4257, financing long-term improvements to municipal roads and bridges. The committee recommended an amendment in the form of a substitute bill, H. 4307, authorizing $1.185 billion in general obligation bonds. After suspension of the rules, the House adopted the amendment and ordered the bill to a third reading. Later, during floor debate on H. 4307, members spoke in support of the bill as a major transportation funding package, emphasizing Chapter 90 aid, road mileage-based distribution, culvert and small bridge repairs, congestion relief projects, and the bill’s fiscal and credit-rating benefits. A roll call was ordered, and the bill passed to be engrossed 156-0.
The House also passed to be engrossed a bill validating the results of a special election in Hardwick. In addition, the House adopted an order to meet the next day at 11 a.m. and agreed to adjourn in memory of former Representative and Senator Matthew C. Patrick of Falmouth. The session included several guest introductions, including Mandela Fellows studying at Bridgewater State University, former legislator Vincent Dimacido, Bellingham Council on Aging guests, and interns in Representative Linsky’s office.
CA
California 2025-2026 Regular Session
Senate Budget and Fiscal Review Subcommittee No. 3 on Health and Human Services May 21st, 2026
Transcript Highlights:
- We haven't set the award amount.
- The governor's proposing three different types of revenues amounting to the same amount that the Senate
- The full amount has been allocated. Okay.
- First, on the potential amount of savings.
- It's a totally different amount. Right.
Summary:
The subcommittee first heard May Revision items for child support, child care, and related human services. The Department of Child Support Services described two technical adjustments, which the LAO said raised no concerns. The Department of Social Services then walked through child care proposals, including a shift in how federal and Proposition 64 funding reductions would be absorbed, a 2.01% COLA, disaster-related child care infrastructure grants, an increase in in-contract administrative support costs for alternative payment agencies, reversion of prospective-pay implementation funding after a federal rule change, a one-time allocation to cover the first quarter of Cost of Care Plus payments in the next fiscal year, reappropriation for existing infrastructure grant closeout work, and estimates of unspent child care funds. The department also outlined trailer bill language on a single rate structure, site safety and emergency procedures, CalWORKs child care data sharing, and child care oversight.
The LAO recommended that the Legislature seek more justification for shifting reductions from General Child Care to the Alternative Payment Program, noting that CAP reductions affect more slots and that General Child Care has had significant unspent funds. It supported removing prospective-pay funding, but recommended rejecting the administrative cost shift to a percentage-based rate because it could create future General Fund pressure. It also suggested the Legislature review alignment between the disaster grants and the child care infrastructure program. Senators and members pressed the administration on why the budget would reduce child care slots and COLA percentages while the state still has waitlists and unspent funds, and questioned the need for early funding of Cost of Care Plus payments and the move from a flat administrative amount to a percentage. Public commenters, including providers, advocates, county offices, and infrastructure partners, urged full COLA funding, preservation of child care slots, support for prospective pay, and continued investment in child care access and facilities.
After a short recess, the committee moved to Part B on health and heard the Department of State Hospitals. DSH presented a May Revision budget of $3.2 billion and described proposals for a central utility plant replacement at Metropolitan State Hospital, an electronic health record implementation, reduced county bed billing authority due to phased-in LPS bed capacity, limited contract exemption authority for online clinical subscriptions, reversion of prior-year unspent operating funds, and a workforce development proposal shifting some costs to Behavioral Health Services Act funds, including support for an additional psychiatric training cohort at Napa. The department also outlined IST-related savings and a trailer bill to remove the sunset on the independent placement panel program.
MO
Missouri 2026 Regular Session
2026 Legislative Session - Day Sixty Nine - Wednesday, May 13
Missouri House Floor Meeting
Transcript Highlights:
- It has been distributed, and I move for its adoption.
- It has been distributed, and I move for its adoption.
- It has been distributed, and I move for its adoption.
- It's been distributed. I move for its adoption.
- It has been distributed, and I move for its adoption.
Summary:
The House opened with prayer and the Pledge of Allegiance, then approved the House Journal for the prior day by a 123-0 roll call vote. Members then used points of personal privilege to recognize National Police Week and honor fallen law enforcement officers with a moment of silence, and several members gave farewell remarks for departing colleagues and interns. The chamber also introduced a number of special guests, including student groups, interns, a former representative, and the University of Missouri wheelchair basketball team.
The House then took up Senate messages and committee reports before acting on House Committee Substitute for House Bills 1839, 2921, and 3015. The sponsor explained the Senate amendment was a technical correction to an online age-verification provision related to pornography; the House concurred 104-30 and then finally passed the package 112-25. The chamber also considered the conference committee report on House Bill 2596, which was described as a small-business health plan measure that modernizes pooled-plan language and adds a 12-month contraception coverage provision while removing a Senate-added blood pressure cuff requirement. After debate on the conference report and a severability clause, the House adopted the report 120-26 and then third-read and passed the bill 119-27.
Finally, the House debated Senate Bill 905, which would create the Missouri Ranger training program allowing schools to optionally place specially trained personnel with narrow law-enforcement authority on campus. Debate focused heavily on school safety, local control, training standards, liability, funding, and whether the proposal would improve protection or instead increase the presence of guns in schools. Supporters argued it would give districts another optional safety tool, especially where school resource officers are unavailable, while opponents said schools need more mental health and educational resources rather than armed personnel and raised concerns about training, child development, and unintended harm. The House adopted an amendment clarifying the program after a 96-46 vote, but the transcript cuts off before final passage of the bill.
TX
Transcript Highlights:
- Since then, Formosa has spent an additional large amount on stopgap measures like storm.
- I have a great amount of respect for them.
- We'll make sure the written materials are distributed.
- A lot of these things are being distributed into biosolids to corporations that contract...
- They would have to invest huge amounts of money in capital...
Keywords:
hydrogen sulfide, public health, environmental regulation, Texas Commission on Environmental Quality, ground level concentrations, emissions limit, emissions limits, ground-level concentrations, air quality, PFAS, agriculture, environmental protection, health risks, criminal offense, chemical regulation, preproduction plastic, water quality, pollution control, industrial waste, emissions
FL
Transcript Highlights:
- And lastly, we put $250 million to the Board of Governors to distribute to our universities.
- Does the amount that we have in there keep up with inflation, for example? Senator Burgess.
- There's an amount that goes per student and that money would follow the student.
- The agency will also use the needs assessment to understand the amount of technical debt.
- The agency will also use the needs assessment to understand the amount of technical debt.
Summary:
The Senate opened with prayer, the Pledge of Allegiance, and several gallery introductions before taking up Committee Substitute for Senate Bill 168, the Tristan Murphy Act, on mental health. Senator Bradley explained that the bill is intended to divert clinically appropriate defendants with mental illness from jail to treatment, create pretrial mental health diversion programs, expand grant uses for mental health and substance abuse reinvestment, require evaluations and treatment follow-up in certain probation and prison settings, add Hillsborough County to a forensic hospital diversion pilot, and establish a Florida Behavioral Health Data Repository. Senators from both parties spoke in support, emphasizing treatment over incarceration, public safety, and the Murphy family’s role in the bill. The Senate passed the bill 37-0 and then recorded 37 co-sponsors.
The chamber then moved into presentations on SB 2500, the 2025-26 General Appropriations Act. Chair Hooper said the Senate budget totals $117.4 billion, reduces overall spending from the prior year, maintains reserves, keeps employee health contributions level, and includes major investments in water quality, transportation, education infrastructure, and nearly $1 billion in education capital outlay. Committee chairs outlined their portions of the budget, including increased funding for K-12 schools and scholarships, higher education workforce programs, Medicaid and health services, corrections and courts, transportation and housing, and environmental restoration such as Everglades and water quality projects.
Members then asked extensive questions, especially about education funding, school choice, AP/IB and accelerated programs, the Family Empowerment Scholarship, and the FEFP calculations. Senator Burgess repeatedly explained that scholarship funding is being moved “below the line” to improve tracking and that the Senate position is to preserve funding while giving districts more flexibility. Senators also questioned the APD wait list for disability services, opioid settlement spending, arts funding, the My Safe Florida Home condo pilot, and proposed IT and agency restructuring. Several chairs said some issues would be resolved in conference, and no final vote on the budget was taken in the portion provided.
AZ
Arizona 2026 Regular Session
03/05/2026 - Joint Legislative Budget Committee
Joint Legislative Budget Committee
Transcript Highlights:
- Okay, as distributed. We're good, okay. As distributed. Noted. Noted. The attendance is noted. Mr.
- The request by the Secretary of State was for the larger amount, which included that $160,000, which
- The amount there is for costs at public events, but for more...
- The amount there is for costs at public events, but for more details, we would defer to the Secretary
Summary:
The Joint Legislative Budget Committee approved the January 29, 2026 minutes and then took up a Secretary of State budget transfer tied to unused funds from the U.S. Congressional District 7 special election line item. JLBC staff explained that $2.49 million would be transferred to the operating budget, including $500,000 for 2026 primary and general election costs, $240,000 for Secretary of State physical security costs from March through June 2026, and $1.7 million for county-related expenses, including $1 million for the state’s voter registration database share. Staff said the request was smaller than the Secretary of State’s original $2.9 million request because it excluded $200,000 for future database replacement planning and $160,000 in already-incurred security costs. The Secretary of State’s representative said the security funding covered physical security measures and presence at public events, but declined to provide operational details in open session for safety reasons.
Members questioned the size and purpose of the security request, the status of communications with the U.S. Department of Justice regarding voter rolls, and whether litigation costs related to that dispute were being tracked. The Secretary of State’s representative said the office had been in active communication with federal officials and had participated in virtual meetings, but could not discuss litigation details or confirm face-to-face DOJ meetings. One member asked for a written or verbal list of meetings and another requested ongoing litigation cost information, expressing concern about spending on legal disputes. The representative said none of the transferred special-election funds would be used for litigation and that the office would discuss budget questions further if needed.
The vice chair said the issue had been discussed for months and noted dissatisfaction with the office’s response to DOJ and voter-roll issues, but said the transfer was still needed. He moved a favorable review of the item with provisions requiring monthly expenditure reports to JLBC staff beginning April 15, 2026, and prohibiting the transferred money from being used for contracts with individuals. The transcript cuts off before the full vote or any additional provisions were completed.
NM
New Mexico 2026 Regular Session
House - Chamber Meeting Feb 9th, 2026 at 11:52 am
New Mexico House Floor Meeting
Transcript Highlights:
- The amount of work that they put in, Mr.
- Road fund gets a significant amount of revenue every single year.
- Road fund gets a significant amount of revenue every single year.
- Local roads get a significant amount of revenue.
- Local roads get a significant amount of revenue every single year. So, Mr.
Bills:
HB111, HB61, HB43, HB156, HB70, SB3, HB103, HB109, HB128, HB247, HJM2, HJM3, HM7, HM17, HM4, HM22, HM23, HM24, HM26, HM2, HM16, HM32, HM11, HM14, HM21, HM34, HM50
Keywords:
water law, state engineer, civil penalty, compliance order, water rights, overdiversion, illegal diversion, groundwater storage and recovery, well license, permit violation, water enforcement, New Mexico water code, irrigation district, conservancy district, water diversion, unauthorized water sales, measuring device, district court appeal, water resources, water compliance
WY
Transcript Highlights:
- <00:25:02.400>
removed you as well. um that amount was removed you as well. um that amount - <00:55:34.960>
So this amount is car's act funds. So this amount is car's act funds. - <00:55:46.800>
it to the agencies when you distribute it to the agencies when you distribute - funds after that distribution. funds after that distribution.
- the idea was to have those distributed the idea was to have those distributed in<01:37:52.639>
MN
Minnesota 2025 1st Special Session
Committee on Agriculture, Veterans, Broadband and Rural Development - 04/02/25
Agriculture, Veterans, Broadband, and Rural Development
Transcript Highlights:
- Section four raises the maximum statutory amount the Public Facilities Authority can appropriate from
- Section four raises the maximum statutory amount the Public Facilities Authority can appropriate from
- <00:39:20.720>
of for the purchase and distribution of for the purchase and distribution of - And there's no dollar amount associated with that here.
- avenue to where they can distribute avenue to where they can distribute their<01:17:11.600>
milk
TX
Transcript Highlights:
- center officially opened in January 2022, and according to the FCIC 2024 annual report, the total amount
- Now devices that manipulate the gas pump's metering device are installed so that the amount of fuel being
- We want to make sure that not only is it illegal to distribute them or to promote them, but it's also
- A spotter vehicle will identify potential victims who they think are carrying a large amount of cash,
- So the pecuniary loss might be a smaller amount to answer your question, but the, the cascading effect
Bills:
HB316
ND
North Dakota 2026 1st Special Session
Higher Education Funding Review Committee Jun 3rd, 2026 at 09:00 am
Higher Education Funding Review Committee
Transcript Highlights:
- The next column over is your minimum amount payable column.
- It's based on one distribution factor that's explainable.
- It's based on one distribution factor that's explainable.
- For purposes of this, I didn't make any changes to the... ...amounts are.
- So those things, I would say, that dollar amount, that is what it is... ...that dollar amount is what
NH
New Hampshire 2025 Regular Session
House Finance Division I (09/18/2025)
Transcript Highlights:
- Is that approximately the amount of less funding going to the budget, or is that the amount that ratepayers
- Is that approximately the amount of less funding going to the budget, or is that the amount that ratepayers
- Ripple, I think that the amount of the REF that was swept out was between five and 10 million.
- It's a small amount support this bill.
- so that we could reduce the amount so that we could reduce the amount possibly<01:10:58.960>
Summary:
The committee first took up House Bill 219, which would revise the renewable portfolio standard. Representative Bose explained that the bill would modify class one definitions, eliminate class two, reduce the utility obligation for class one thermal renewable energy certificates from 2.2% to 1.7%, and adjust alternative compliance payments for classes one, three, and four. He said the changes were intended to save ratepayers an estimated $5.7 million annually, would not materially harm the renewable portfolio standard, and would have little effect on class two because that market is already saturated. Members questioned the impact on consumers, the state budget, and the renewable energy fund; Bose said the fund had already been redirected in the state budget, and another member noted an amended fiscal note showing a $1.2 million reduction in general fund revenue. The committee also discussed the bill’s history, including that it had been added to HB 2 and later removed by the Senate, and Bose said the Senate’s eventual action was hard to predict.
The committee then heard House Bill 164 on local records retention from Secretary of State David Scanlan. He said the long-standing local records manager position had never been funded, but that the need for it had grown as towns increasingly digitize records and must ensure accessibility, including ADA compliance. He described the bill as a way to provide state support and expertise to municipalities, especially smaller towns with limited resources, and said the fiscal note for hiring the position remained accurate, though broader website and storage costs could rise over time. Members asked about retrieving lost records, the cost of a public website, and whether records should remain local or be stored at the state level; Scanlan said the state would serve as a resource rather than take control of local records.
Finally, the committee began work on House Bill 365, also with Secretary Scanlan, concerning proof of U.S. citizenship for indigent voters. He said the bill would help voters who may lack required documents under the new voter registration law by allowing the state to verify qualifications through federal, private, or other state databases and by providing vouchers to cover the cost of obtaining documents such as birth certificates. He compared the proposal to earlier voter ID accommodations and said the goal was to help qualified voters meet the new requirements without weakening them. Members raised questions about defining “indigent,” how out-of-state birth records would be handled, and the practicality of the verification process; Scanlan said the term would likely need further discussion and that the state would try to assist voters before election day whenever possible.
NY
New York 2025-2026 Regular Session
New York State Senate Session - 05/13/2026
New York Senate Floor Meeting
Transcript Highlights:
- Do so, we stand in front of schools and distribute it to students as they are coming out.
- A few years ago, as we were distributing these products, a young man came up and said he wanted to take
- DO SO, WE STAND IN FRONT OF SCHOOLS AND DISTRIBUTE IT TO STUDENTS AS THEY ARE COMING OUT.
- A FEW YEARS AGO, AS WE WERE DISTRIBUTING THESE PRODUCTS, A YOUNG MAN CAME UP AND SAID HE WANTED TO TAKE
- Every woman in their lifetime goes through a significant amount of years with respect to their menstrual
Summary:
The Senate opened with routine business, approved the prior journal, and received several motions to discharge identical Assembly bills from committee and substitute corresponding Senate bills. Members also offered brief recognitions for visitors, including Yemeni American community advocates and Cheri Davis, who was honored for her Alzheimer’s advocacy and support work. The chamber then took up several previously adopted resolutions, including Armenian Genocide Remembrance Day, Period Poverty Awareness Week, and Nurses Week, with senators speaking in support of each measure’s purpose and importance.
The body then moved through a long calendar of bills, passing a wide range of measures on education, public health, correction law, environmental conservation, municipal law, agriculture, and consumer protection. Notable floor discussion included Senator Ramos explaining her support for a bill requiring salons and similar businesses to display multilingual domestic violence resource information, and Senator Gianaris and Senator Borrello debating a bill to prohibit electronic shelf labeling in stores over concerns about surveillance, dynamic pricing, and impacts on brick-and-mortar retailers. Senator May and Senator Skoufis also spoke on an environmental conservation bill concerning American eel management, with May supporting the species protections and Skoufis objecting to the bill’s structure.
Most bills were adopted by wide margins, though several drew recorded negative votes. The Senate passed the domestic violence information bill, the electronic shelf-labeling bill, and multiple other measures, including bills on eviction notice procedures, surrogate court procedure, and environmental conservation. After completing the calendar, the Senate reported no further business and adjourned until the next day at 11:00 a.m.
NH
New Hampshire 2026 Regular Session
Commission to Study Stable Tokens (01/14/2026)
Transcript Highlights:
- them to go and to efficiently distribute them to go and to efficiently distribute payments<00:36
- So as you look to manage how distributions are made, we can track them for you.
- made, we can track them distributions made, we can track them for<01:30:28.960>
you. - <01:44:27.199>
of uh that you know significant amount of uh that you know significant amount - <01:57:28.880>
of Um and so if we take sizable amount of Um and so if we take sizable amount
Summary:
The commission met to review stable tokens, real-world asset tokenization, and blockchain-based trust, approved the agenda and December 12 minutes, and heard a presentation from Anchorage Digital after postponing a planned Bitco presentation because of its IPO quiet period. Anchorage’s Melinda Delos, Joe Mioli, and Kevin Wasaki introduced the firm, describing it as a global digital assets platform and the first crypto-native institution in the U.S. to receive a federal banking charter. They said their approach emphasizes security, regulated custody and trading services, and responsible innovation for institutional clients, banks, states, and sovereigns.
The presentation focused on post-Genius Act momentum in the stablecoin market. Anchorage said the law provided regulatory clarity and helped spur activity with major clients, including Athena, Tether, and Western Union. The speakers highlighted Western Union’s planned stablecoin as especially significant because it reflects adoption by a long-established traditional payments company, and they said the project illustrates how stablecoins can support programmable, real-time, interoperable payments. They also noted that Anchorage is providing issuance infrastructure for the Western Union project.
The commission and presenters also discussed government uses of tokenized assets, including reserve legislation, digital assets for tax collection and fees, and a Marshall Islands initiative to use a tokenized sovereign bond for direct citizen payments. In response to a question, Anchorage said it would follow up on which states are using digital assets for revenue collection, mentioning Louisiana and Pennsylvania as examples. The banking discussion centered on remittances, instant payments, and interbank settlement, with Anchorage arguing that stablecoins can reduce settlement time, fees, and foreign exchange risk while improving traceability and auditability.