Transcript Highlights:

• hook, line, and sinker for the first probably 10 or 15 minutes, and then enough of the red flags surfaced
• c><00:18:32.799> the<00:18:32.960> red<00:18:33.120> flags<00:18:33.360> surfaced
• <00:18:33.760> up enough of the red flags surfaced up enough of the red flags surfaced up

Keywords: Meeting Start 00:00 Call to Order and Roll Call 00:29 Discussion SB 153 01:25 Vote SB 153 10:35 Discussion SB 118 11:36 Vote SB 118 12:48 Discussion HB 380 13:40 Vote HB 380 40:12, 958, all

Summary: The House Standing Committee on Banking and Insurance met with a quorum and took up three bills. Senate Bill 153, sponsored by Sen. Greg Elkins, aimed to combat insurance fraud tied to post-disaster contractor scams. Testimony from the Attorney General’s Office and committee members described problems involving roofing, siding, and debris-removal scams, including vandalism used to create claims and companies that disappear before victims can recover losses. The bill would expand enforcement tools by making certain vandalism-related conduct criminal, giving the Attorney General concurrent jurisdiction with local prosecutors, creating a post-disaster contractor registry, and banning door-to-door solicitation during declared emergencies. The committee approved the bill by roll call and sent it forward with a favorable recommendation. Senate Bill 118, sponsored by Sen. Brandon Storm, addressed credit property insurance offered by consumer loan companies. The sponsor and a representative of the Kentucky Consumer Finance Association explained that the product has been offered for years and that the bill would provide statutory authority for its continued use. The committee raised no substantive objections, and the bill passed on a roll call vote with a favorable recommendation. House Bill 380, sponsored by Rep. Tom Smith, focused on regulating cryptocurrency kiosks in convenience stores to curb fraud against seniors. The committee heard emotional testimony from a sheriff and a fraud victim describing scams that led victims to deposit cash into crypto kiosks, often under pressure from callers posing as authorities or relatives. AARP Kentucky supported the bill, citing widespread losses to older adults and the need for guardrails. A committee substitute was adopted that would cap daily transactions at $2,000, require fee disclosure and customer consent, impose licensing and compliance requirements, mandate identification for transactions, and add criminal penalties and Attorney General enforcement. Members discussed the bill’s scope, including that it would not address gift card scams, and noted the delayed effective date was requested so regulators could write rules. The committee adopted the substitute and then passed the bill favorably on roll call.

Transcript Highlights:

• This is a video showing the top of what I'm going to focus on: the surface fields, from the left, the
• sea surface height, sorry, the wave height and direction, surface temperature and velocity, surface

Summary: The joint Senate and Assembly Environmental Quality/Environmental Safety and Toxic Materials informational hearing focused on the Tijuana River Valley sewage crisis, with members from both parties emphasizing that the problem is long-running, cross-border, and severe enough to require federal, state, local, and binational action. Opening remarks described the crisis as an environmental and public health emergency affecting beaches, air and water quality, marine life, tourism, and residents’ quality of life in South Bay communities. Assembly Member Boerner and Senator Jones both stressed the need for continued funding and cooperation, while Senator Padilla said the issue is underappreciated because of where it occurs but has major public health, economic, and educational consequences. Congressman Mike Levin’s office reported more than $650 million in federal funding secured for infrastructure and cleanup, along with federal legislation and requests for CDC and EPA involvement. Supervisor Paloma Aguirre gave a detailed overview of county efforts and the scope of the crisis, citing decades of sewage flows from Tijuana, nearly four years of beach closures, and the county’s expanded water-quality monitoring. She said the county is pursuing warning signs, an air purifier distribution program, an epidemiological study, soil testing, an economic impact study, and a feasibility analysis to remove the “hot spot” near Saturn Boulevard, which she described as a key local source of airborne pollution. She also pointed to binational funding for treatment plant upgrades and said the county is seeking state support, including from Proposition 4 cross-border river funds, to expand relief and mitigation efforts. Scripps researchers Dr. Sarah Giddings and Dr. Kimberly Prather presented scientific findings on water and air transport. Giddings described a high-resolution forecast model that predicts wastewater movement and beach closure risk up to five days ahead, using real-time observations and showing about 72% accuracy against county measurements. Prather said the main exposure route is through air, not just water, and reported that turbulence at the river hot spot aerosolizes pollutants, with hydrogen sulfide and other gases spiking at night and dropping when river flow is diverted. She said the team has identified thousands of gases and linked measurements closely to odor complaints, while also noting that air purifiers can reduce indoor exposure but are not a permanent solution. Dr. Paula Stigler Granados added that community health surveys and CDC assessments show widespread symptoms, sleep disruption, anxiety, and daily life impacts, especially during nighttime odor events. She said her team has found more than 900 contaminants in river water and 106 chemicals uniquely associated with the Saturn Boulevard hot spot, with passive air sampling showing similar chemical fingerprints in nearby homes. The panel discussion ended with questions about standards and accountability, and witnesses and legislators agreed that the crisis requires updated air-quality standards, more health research, and continued coordination to reduce exposure and address the source of pollution.

Transcript Highlights:

• requirements for a project to qualify for Transportation Alternative Program funding is that it must have a surface
• requirements for a project to qualify for Transportation Alternative Program funding is that it must have a surface
• Remember, it's got to be a surface connectivity project.
• Remember, it's got to be a surface connectivity project.

Keywords: 00:05 Call to Order and Roll Call 01:55 Bridge Improvement Program 18:56 County Priority Projects Program 38:10 Transportation Alternative Program 51:47 Adjournment, 958, all

Summary: The committee met for the first interim meeting of the 2025 Budget Review Committee on Transportation and heard from Bobby Jo Lewis, commissioner of Rural and Municipal Aid at the Kentucky Transportation Cabinet. She reviewed the new County City Bridge Improvement Program, created in the 2024 regular session, reporting that phases one and two are complete, 45 bridges have been funded so far, and about $18.45 million has been authorized. She said roughly $6.549 million remains for phase three in the current fiscal year, with about $26.445 million in bridge applications still pending. For fiscal year 2026, the program will again have $25 million and will use four application phases. She also described a training resource, Local Bridges 101, and said a new executive advisor, Greg Meredith, has been brought in to help with the bridge program. Members asked how rollover applications would be handled, whether they would be re-evaluated with new applications, how the program would account for bridge longevity and load posting, and how isolated communities would be prioritized. Lewis said applicants not funded in FY25 would be contacted and could choose to roll their applications into FY26, and all applications would be evaluated together at the end of each phase. She said preservation projects are assessed for how much they extend a bridge’s life, and isolated community access bridges or closed bridges with no detour access receive priority. She also said the department aims for equitable distribution across regions and plans to produce a map showing where funds have been awarded. Lewis then turned to the County Priority Projects Program and the Local Assistance Road Program established in House Bill 546 and related resolutions. She said the application cycle opened June 1 and closes October 1, with 106 memoranda of agreement being prepared for awards in House Joint Resolution 46. She described updated application and reporting forms, a scoring matrix, and a County City Pavement Evaluation Manual used to rate projects based on preservation of assets, average daily traffic, recent improvements, safety, cost, and district priority. She said projects must be rehabilitation projects designed to restore the original condition of the road, cannot exceed $500,000, and must use local match percentages tied to the economic development grant program formula. She also reported on funding status for prior road projects, including completed, partially completed, pending, and underrun amounts that may be reauthorized. Committee members asked about photo documentation, online access to project materials, how to measure whether projects truly restore roads to original condition, and what happens when project costs exceed estimates. Lewis said the department is still working on how best to store and share the large volume of photos, and that projects are certified through district offices and local sign-off after completion. She said overages are the responsibility of the applicant because the state does not have additional money beyond the awarded amount. No formal votes were taken during the discussion.

Transcript Highlights:

• intended unintended consequences and really weigh them out because although something sounds good on the surface
• although something sounds good on<00:46:49.359> on<00:46:49.520> the on on the on on the surface
• 52.319> burden<00:46:52.720> keeps<00:46:53.040> falling<00:46:53.359> on surface
• , the tax burden keeps falling on surface, the tax burden keeps falling on the<00:46:53.680> same<

Keywords: 919, house, all

Summary: The committee heard House File 2591, the “Support Medicaid Not Millionaires Act,” laid over for possible inclusion in the 2025 taxes bill. Chair Gomez said the bill would create a fifth individual income tax tier on very high earners to offset any future federal Medicaid cuts, arguing that proposed federal budget changes would likely reduce Medicaid funding and create a large state budget hole. Gomez and other supporters framed Medicaid as essential for children, long-term care, mental health, substance use treatment, rural hospitals, and families across Minnesota, and criticized federal tax cuts for corporations and wealthy individuals. Several testifiers supported the bill. A SEIU Healthcare worker described how Medicaid supports her care for a disabled son and her own health needs, warning that cuts would threaten home care, hospitals, and nursing homes. A public health employee from the Minnesota Association of Professional Employees said recent state and federal layoffs had already weakened public health capacity and urged additional revenue to backfill losses. Other supporters, including community and faith leaders, said the wealthy and corporations should pay more to protect public services, youth programs, and Medicaid-funded care. A mental health provider testified that most of the people served by her clinic rely on Medicaid and that cuts would harm clinics, rural access, and the broader behavioral health system. Representative Anderson questioned whether the bill would affect Medicaid spending tied to undocumented immigrants and asked for data on MinnesotaCare and federal-state funding shares. Department of Human Services staff clarified that he was referring to MinnesotaCare, not Medicaid, and said Medicaid is generally matched by the federal government while MinnesotaCare does not have the same match. The exchange became contentious when Gomez objected to Anderson’s use of the term “illegal immigrants” and redirected the discussion back to the bill. Anderson also raised concerns about Medicaid fraud and whether the proposal would backfill any federal changes related to fraud enforcement. No vote was taken; the bill was simply laid over.

Transcript Highlights:

• Naval Surface Warfare Center Crane is a proven leader in hypersonics as you and I have talked about..
• sitting ducks for hypersonic missiles coming at them 4,000 or 5,000 miles an hour. feet above the surface

Keywords: military strategy, nuclear triad, deterrence, STRATCOM, SPACECOM, SLICOM, B-21, hypersonic defense, spectrum auction

Summary: The meeting focused on the strategic posture of U.S. military capabilities with an emphasis on deterrence amid growing global threats. General Cotton from STRATCOM and General Whiting from SPACECOM provided insights into the modernization efforts of the nuclear triad. Key discussions involved the importance of maintaining control over specific frequency spectrums critical for military operations and the implications of potential auctioning of these bands. Members expressed concerns regarding the evolving landscape with adversaries like China and Russia, emphasizing that swift action is needed to adapt and preserve U.S. national security. Various proposals and existing programs, including the B-21 bomber and the nuclear-armed sea-launched cruise missile (SLICOM), were debated, alongside the necessity of increasing military investment in hypersonic defense systems.

Transcript Highlights:

• Our warfighting elements consist of three service component commands, Military Service, Surface Deployment
• Transcom was created as a purpose-built force to provide the essential surface ocean and airlift capacity

Keywords: Transcom, logistics, military readiness, air refueling, KC-135, KC-46, strategic infrastructure, geopolitical threats, Alaska

Summary: During this meeting, the committee hosted an extensive discussion on the operations and logistical challenges facing the U.S. Transportation Command (Transcom). General Reid provided testimony on key areas including the importance of maintaining robust logistical capabilities in contested environments, particularly in relation to geopolitical threats posed by adversarial nations. Various members emphasized the necessity for modernization of the air refueling fleet, addressing issues such as the readiness of the KC-135 and the procurement of the next-generation KC-46 aircraft, which has experienced delays and technical challenges. The dialogue further extended to the strategic importance of U.S. ports and transportation infrastructure, especially in regions like Alaska which play a crucial role in military logistics and power projection.

Transcript Highlights:

• And so, um, you know, I am confident that that would have surfaced in my investigation.
• And so, um, you know, I am confident that that would have surfaced in my investigation.
• that that so um you know, I am confident that that would<00:30:14.399> have<00:30:14.559> surfaced
• 15.600> in<00:30:15.919> my<00:30:16.320> in<00:30:16.559> my would have surfaced
• um in my in my would have surfaced um in my in my investigation.<00:30:18.279> Um,<00:30:19.279

Bills: HF1646, HF2443

Keywords: medical debt, debt relief, healthcare financing, consumer protection, financial hardship, commerce, cannabis, insurance, housing, ombudsperson, affordability, property, task force, financial institutions, 1183, house

Transcript Highlights:

• No money from a ratepayer like me should go to line the pockets of already wealthy business owners.
• <00:10:18.800> This This legislation is responsive to an issue that surfaces routinely in

Keywords: 919, house, all

Summary: The committee heard House File 76, as amended by the adopted A1 amendment, and the chair moved the bill to be re-referred to the general register. The bill would limit the amount investor-owned utilities can charge ratepayers for executive compensation, capping recoverable pay for the top 10 executives at the governor’s salary. Representative Greenman argued the measure would protect customers from paying for lavish executive pay and said it would not affect what executives are paid, only what can be recovered from ratepayers. She cited recent Public Utilities Commission action and ongoing rate cases as evidence the issue is real and recurring. Supportive testimony came from a Minneapolis resident describing financial hardship and rising utility bills, a local worker who said customers have no choice of utility provider and should not fund monopoly executive pay, and advocates from the Energy and Policy Institute and Utility Reform Now, who said ratepayers should not subsidize excessive compensation and that the bill is a targeted reform. Xcel Energy and CenterPoint Energy opposed the bill’s premise by defending the current regulatory process. Their representatives said the PUC already reviews executive compensation in rate cases, generally allows only limited recovery, and has used that process for decades. Xcel also emphasized its affordability programs and said executives help secure savings and investments for customers. Members discussed whether the legislature should set a bright-line rule or leave the issue to the PUC. Representative Greenman said the bill is needed because the PUC process can take years and the legislature should establish a clear standard for all investor-owned utilities. Some members supported the bill as a response to an affordability crisis and the lack of consumer choice, while others said the legislature should focus on broader energy-cost issues and existing regulatory tools. The committee did not take a final vote on the bill in the portion of the meeting provided, but the amendment was adopted and the bill was moved for re-referral to the general register.

Transcript Highlights:

• The owner of that child care center is here.
• You know, our current free-to-transfer law, it might seem harmless on the surface.

Keywords: 994, senate, all

Transcript Highlights:

• This is basically salt mines that are 2,000, 3,000 feet below the surface.
• Owners and operators must file compliance reports with the PRC. Time. Time. Okay.

Bills: SB78, SB235, SB22, SB310

Keywords: nuclear energy, renewable energy, sustainability, carbon emissions, energy regulation, microgrid, zero carbon resources, Public Regulation Commission, energy generation, electric utilities, motor vehicle manufacturers, licensing, dealers, franchise agreements, consumer protection, water supply, sewage improvements, environment, funding, Mora County

Transcript Highlights:

• the sidewalk had issues but had not addressed it year prior Jn hit the concrete slab at an uneven surface
• Those portions of the property in which the owner maintains a permanent resident.

Keywords: 999, senate, all

Transcript Highlights:

• It needs to be either an older diesel motor or one that has been modified by the owner, meaning that
• rust that doesn't mean anything surface rust that doesn't mean anything or<03:28:00.760> any<
• <04:09:30.479> in owner owner auto repair facility in owner owner auto repair facility in
• One shop owner told me that, on principle, he would no longer inspect his motorcycle, and neither do
• told me that on uh one shop owner told me that on principle<04:49:56.280> he<04:49:56.400>

Keywords: 928, house, all

Summary: The Transportation Committee held a public hearing on HB 249, which would allow bicycles, and in the bill’s language human-powered vehicles and e-bikes, to treat stop signs as yield signs and red lights as stop signs when safe. The bill sponsor, Rep. Seth Miller, said the measure is intended to improve cyclist safety and traffic flow at no cost to the state, citing Idaho and Delaware as examples where similar laws were associated with fewer crashes or injuries. He emphasized that the bill would remain optional, would not let cyclists ignore cross traffic, and would help riders avoid the unstable “wobble” that comes from repeatedly stopping and starting, especially on cargo bikes or other heavier bicycles. Committee members raised concerns about predictability, liability, and whether the proposal creates a special class of vehicle. Rep. Crawford asked why the bill also addresses left turns on red for one-way streets; Miller said that provision is meant to address situations where bicycles do not trigger signal equipment and could otherwise be stranded at a light. Rep. Gannon questioned the lack of explicit liability language, and Miller said he did not know of a separate provision but would be open to an amendment if the committee wanted clearer language. Rep. Hill and Rep. Emble expressed concern that other drivers would not know what cyclists intend to do and that the bill could create special rules; Miller responded that cyclists would still be required to yield and that the law would not change right-of-way rules. Several witnesses testified in support. Michael Frank, a Spofford cyclist and League cycling instructor, said the bill would help him safely commute and carry heavy groceries by reducing the effort and exposure involved in restarting after a full stop. Tim Blagden, former head of the Bike Walk Alliance of New Hampshire, said the bill reflects how many people already ride, saves energy and time, and would still require cyclists to stop at red lights unless the intersection is clear. He also noted that traffic signals often do not detect bicycles. No vote was taken during the hearing.

Transcript Highlights:

• Service envisioned zip codes as Surface Service envisioned zip codes as a<04:06:03.840> simple
• The Advocate hears firsthand from business owners about the real-world issues that they are facing when
• from business owners about the realworld<05:01:49.280> issues<05:01:50.080> that<05:01
• Our bill will unlock capital for entrepreneurs and small business owners who've been left out for far
• retain an outsized beneficial owners retain an outsized amount<05:37:07.760> of<05:37:08.000>

Keywords: U.S. House of Representatives Floor Proceedings on Monday, July 21, 2025, 1012, house, all

Transcript Highlights:

• :21:43.880> Google, Facebook, and WhatsApp, and Google, Facebook, and WhatsApp, and Google, owner
• of<00:21:44.960> YouTube,<00:21:45.760> intentionally<00:21:46.720> built owner
• of YouTube, intentionally built owner of YouTube, intentionally built addictive<00:21:47.800> social
• attacks, a loss of trust, problems focusing on schoolwork, and a fear that these images would someday surface
• These images would someday surface in unexpected ways, as well as how excruciating it is to bring these

Bills: HF4213, HF4198, HF3930, HF3585, HF3451

Keywords: education finance, school funding, K-12, prekindergarten, pre-K, early childhood education, general education aid, special education, literacy aid, school meals, free school meals, school breakfast, school lunch, charter school lease aid, charter schools, nonpublic pupil aid, private school aid, transportation aid, desegregation aid, integration aid

Transcript Highlights:

• It is on the surface. And it is not even covered.
• land by requiring the land between a well site and, and the highway to be maintained by the well site owner
• , by making the, the well site owner responsible for this equipment and land.

Bills: HB 14, HB 106, HB 146, HB 267, HB 274, HB 1127, HB 1359, HB 1393, HB 1584, HB 1640, HB 1710, HB 2152, HCR 101, HJR 8, HR 51

Keywords: nuclear energy, advanced reactors, energy security, grant programs, Texas Advanced Nuclear Energy Office, HB 106, oil and gas, Railroad Commission of Texas, overhead electrical lines, electrical distribution system, power line maintenance, administrative penalty, Natural Resources Code, oil and gas lease, well operator, energy safety, utility infrastructure, regulatory compliance, cleanup fund, oil and gas regulation and cleanup fund

Transcript Highlights:

• c> >> so you are aware of the problems that >> so you are aware of the problems that surfaced
• <00:25:32.159> in<00:25:32.400> this surfaced in this surfaced in this >> absolutely

Keywords: 912, senate, all

Summary: The Senate Committee on Labor and Technology heard testimony on several labor-related bills. SB 2567 would allow public employers to seek temporary restraining orders against harassment of employees; the Judiciary, DHS, DOE, and others supported it, with some asking that coverage be broadened to all public employees. The Judiciary said it would not oppose expanding the bill’s scope. The chair deferred decision-making on SB 2567 to February 13, 2026, to allow further discussion with the Judiciary and Attorney General’s Office. SB 2386 would expand pay-transparency requirements for job listings and lower the small-employer exemption threshold from 50 to 25 employees. Testifiers largely supported the measure, citing transparency and retention benefits, while one opposition was noted. The committee voted to pass SB 2386 with amendments, including changing the effective date to January 1, 2077. SB 2389, the Warehouse Workers Protection Act, drew support from labor advocates but concerns from DLIR and the Attorney General’s Office about enforcement and a prosecutorial provision; after questions about quota tracking and recordkeeping, the chair deferred the bill. SB 2663 would require employers to respond in writing to workers’ compensation treatment plans within seven days and establish related penalties. DLIR opposed the bill as drafted, citing fairness and existing statutory conflicts, while injured workers and labor representatives supported it and described long delays in treatment approvals. The committee voted to pass SB 2663 with amendments, including directing fines to the special compensation fund, clarifying enforcement, and setting the effective date to January 1, 2077. SB 2555 would allow retirees to work in succession-planning positions without losing retirement benefits; ERS supported the intent but suggested an annual reporting requirement and noted existing rehire mechanisms. The committee voted to pass SB 2555 with amendments, including an annual report requirement and the same January 1, 2077 effective date. The meeting then adjourned.

Transcript Highlights:

• The ask is to move attack surface management, governance, and risk control risk assessment and state-local
• The ask is to move attack surface management, governance, and risk control.
• We talked about that just briefly in the attack surface management, training service, awareness training

Keywords: 996, all

Transcript Highlights:

• There are 13 submarines home-ported at Naval Base Kitsap Bangor, and seven surface ships at Naval Station
• There are 13 submarines home-ported at Naval Base Kitsap Banger, and seven surface ships at Naval State
• Thank you. at Naval Base Kitsap Banger, and seven surface ships at Naval Station Everett.

Summary: The committee heard updates from Joint Base Lewis-McChord, Navy Region Northwest, Fairchild Air Force Base, the Coast Guard, state licensing agencies, the Professional Educator Standards Board, the Washington National Guard, and a veterans behavioral health presenter. Across the military briefings, common themes were readiness, infrastructure, and quality-of-life issues for service members and families, especially child care, housing, food insecurity, medical and dental access, and military spouse employment. JBLM highlighted its role in Indo-Pacific readiness, ongoing PFAS cleanup, 212 new family housing units under construction, efforts to expand child care, and continued work to keep the Lewis Army Museum open. Navy Region Northwest discussed its major installations and economic impact, the Shipyard Infrastructure Optimization Plan, future carrier and submarine homeporting needs, and asked the legislature to continue support for licensure compacts, educational stability for military children, housing, and medical access. Fairchild emphasized its tanker and survival missions, child care shortages, food insecurity, aging housing, and concerns about wind turbine development near flight paths, while the Coast Guard focused on rebuilding Base Seattle for new icebreakers and on rural access to housing, medical care, and child care at dispersed stations like Neah Bay. Members repeatedly raised food insecurity and asked for follow-up on solutions. JBLM and Fairchild both described increased demand for food assistance during the shutdown, and committee members noted progress in getting mobile food vans onto JBLM. The presenters also praised state action on military spouse licensure and child care, including Senate Bill 5545 and related compact and portability efforts. The Department of Licensing reported about 9,000 self-identified military members or spouses licensed, with average time-to-license just under nine days, and said applications are prioritized when military status is self-identified. The Department of Health said its military-to-civilian crosswalk now covers more than 35 health professions, that temporary practice permits and expedited processing are in place, and that 1,300 credentials were issued to military spouses and domestic partners and 129 to military-trained health professionals in the last fiscal year, all within 30 days. The Professional Educator Standards Board explained that military spouses and service members can receive expedited teacher certification with reduced documentation, and that they are moved to the front of the review queue when they self-identify. Members asked about verification, and staff said the process relies on attestation with investigatory safeguards if needed. The Washington National Guard briefed on its dual state and federal mission, the impact of the recent shutdown on nearly 700 employees who worked without pay, and policy and budget requests including youth academy protections, alignment of the Washington Code of Military Justice with the UCMJ, making Civil Air Patrol a division of the Military Department, 911 funding, disaster assistance, and capital funding for headquarters and readiness facilities. The Guard also warned about drone threats and said it wants authority to identify, track, and monitor suspicious drones. A veterans behavioral health presenter, an Army combat veteran and clinical social worker, described high suicide risk, barriers to care, and the need for more culturally competent services, especially for women veterans and caregivers. He said Washington veterans’ suicide rate remains above the national average and emphasized that childcare, transportation, and provider shortages can prevent timely treatment. Members generally responded supportively throughout, asked for follow-up on food security and other issues, and encouraged agencies to bring forward legislative ideas for future sessions.

Transcript Highlights:

• owners, and investors. owners, and investors.
• As a small business owner, I invest in my community.
• As a small business owner, I invest in my community.
• <00:36:11.760> reinvest decisions, and whether owners reinvest decisions, and whether owners
• The 1% are largely corporate executives and business owners.

Keywords: 919, house, all

Summary: The committee heard presentations on two tax bills: House File 4123, by Representative Agbaje, would expand Minnesota’s net investment income tax to include certain business income, especially income from S corporations and LLCs not subject to federal self-employment taxes, while keeping the current rate and million-dollar threshold; she said it would raise an estimated $88.7 million next year. House File 4616, by Chair Gomez, would impose a 1% annual tax on fortunes above $10 million. Gomez framed the bill as a response to growing wealth inequality and argued that wealthy households and large fortunes should contribute more to public services, while Agbaje said her bill would broaden the tax base and help meet state needs. Public testimony was sharply divided. Supporters, including Nan Madden of the Minnesota Budget Project, Erica Mominee of the Minnesota Association of Professional Employees, Lauren Richards, and teacher Kristen Sinicariello, said the bills would help address wealth and income inequality and provide needed revenue for public health, education, and other public services. They pointed to federal tax cuts for high-income households, cuts to Medicaid and SNAP, and strains on state agencies and schools. Richards said small businesses already pay more than large corporations like Amazon, and Sinicariello argued that higher revenue would support classrooms and help equalize opportunity. Opponents, including Brian Cook of the Minnesota Chamber of Commerce, Dalton Danielson of the Minnesota Business Partnership, and John Beschi of NFIB Minnesota, warned that both bills would hurt business competitiveness and investment. They argued that HF 4123 would effectively create a new higher tax tier for pass-through businesses and that HF 4616 would be difficult to administer, could force sales of illiquid assets, and could discourage entrepreneurship and capital investment. No votes or final committee action were taken in the portion of the meeting provided; the committee moved through bill presentations and public testimony before member discussion.

Transcript Highlights:

• When evidence of this maltreatment does surface, no matter how much later, action must be taken to protect
• other sexual abuse, can take<00:10:39.240> years<00:10:39.520> to<00:10:39.680> surface
• /c><00:10:41.080> When<00:10:41.240> evidence<00:10:41.640> of take years to surface
• When evidence of take years to surface.
• ,<00:10:43.400> no this maltreatment does surface, no this maltreatment does surface, no matter

Keywords: 1187, senate, all