Video & Transcript Research : 'SEC'

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KY
Transcript Highlights:
  • As leaders of major athletic departments who participate in the ACC and the SEC, we have a responsibility
  • As leaders of major athletic departments who participate in the ACC and the SEC, we have a responsibility
  • As leaders of major athletic departments who participate in the ACC and the SEC, we have a responsibility
  • There has been talk of the power for conferences, SEC, ACC, Big Ten, Big 12, trying to get together and
  • There has been talk of the power for conferences, SEC, ACC, Big Ten, Big 12, trying to get together and
Summary: The Senate Standing Committee on Education met and first handled introductions of guests and visitors from several school districts and education groups. The committee then took up Senate Bill 3, which relates to student athletes and includes an emergency clause. The bill sponsor and invited witnesses, including athletics directors from the University of Kentucky and the University of Louisville, said the measure is intended to update Kentucky’s NIL laws in light of the House v. NCAA settlement and other national changes in college athletics. Supporters said SB 3 would let Kentucky universities directly compensate student athletes, help them secure third-party NIL deals, require reporting of deals over $600, and create guardrails and fair-market-value review to reduce pay-for-play concerns. They emphasized that the bill is meant to keep Kentucky institutions competitive, align with expected national standards, and prepare for changes expected around July 1, 2025. Witnesses also discussed the need for more uniform rules nationally, the role of the Power Four conferences in developing governance and clearinghouse systems, and the desire to preserve both athlete mobility and continuity in college sports. Several members raised concerns about the transfer portal, NIL incentives, and the broader effect on college athletics, with one senator saying NIL and the portal have damaged the sport but acknowledging Kentucky must compete. Witnesses responded that tighter portal windows and clearer national rules would help, while still preserving student-athlete transfer rights when needed. After discussion, the committee moved to a vote on SB 3; the roll call was taken, and the bill advanced out of committee, with at least one senator explaining a reluctant yes vote because of competitive pressures on the Commonwealth.
MN

Minnesota 2025 1st Special Session

Committee on Judiciary and Public Safety - 02/03/25

Judiciary and Public Safety

Transcript Highlights:
  • 00:41:23.680> data<00:41:24.000> collection<00:41:24.599> and<00:41:24.839> SEC
  • need to enhance data collection and SEC need to enhance data collection and SEC invest<00:41:25.839
  • > in<00:41:26.119> SEC<00:41:26.560> security<00:41:26.960> techn<00:41:27.680
  • > technology invest in SEC security techn technology invest in SEC security techn technology Additionally
Keywords: 1187, senate, all
Summary: The committee heard testimony on several bills and a Department of Corrections budget overview. On Senate File 9, Senator Rest explained a bipartisan campaign finance refund bill that had previously moved through the Elections Committee and the tax bill process. Members asked about the $10 minimum contribution threshold for reporting and refund eligibility, and Rest said it was a reasonable number suggested by Senator Karan to make the system more efficient. The bill also included data practices language classifying certain refund-related information as private data, with a separate nonpublic classification noted for receipt validation reports. The committee voted to recommend the bill to pass and re-refer it to the Taxes Committee. The committee then took up Senate File 11, a sales tax exemption for firearm safety devices such as trigger locks and gun safes. Rest described the bill as an extension of prior tax exemptions and clarified that it does not apply to the firearm itself. An A1 clarifying amendment defining “government entity” by reference to statute was adopted. Members discussed the bill’s scope and data privacy language, including a provision making purchase or transfer information private if collected by a government entity. The committee then voted to recommend the amended bill to pass and re-refer it to the Taxes Committee. Next, the committee heard Senate File 456, a bill to update Minnesota’s drug statutes to address fentanyl more directly. Anoka County Assistant County Attorney Sebastian Mesa and Senator Oumou Verbeten testified in support, arguing that fentanyl has become more dangerous than methamphetamine and that the law needs to be updated to give prosecutors a better tool. Members discussed overdose trends and whether more recent statistics were available; one member noted 2023 fentanyl deaths exceeded 1,000, while another said national fatal overdoses had declined since mid-2023. The bill was laid over, with the committee noting it would wait for fiscal analysis before further action. Finally, Commissioner Paul Schnell gave an overview of the Department of Corrections, describing its mission, staffing, prison population, community supervision responsibilities, and budget context. He emphasized rehabilitation, evidence-based practices, reentry support, and the public safety benefits of reducing recidivism. No vote was taken on the department presentation.
AL

Alabama 2026 1st Special Session

Alabama House Judiciary Committee Feb 11th, 2026

Judiciary

Transcript Highlights:
  • . >> We'll do just a sec. Good afternoon, committee members.
  • gt; We'll<00:41:55.920> do<00:41:56.160> just<00:41:56.319> a<00:41:56.480> sec
  • 56.800> Good<00:41:57.040> afternoon,<00:41:58.000> uh, >> We'll do just a sec
  • Good afternoon, uh, >> We'll do just a sec.
Keywords: 1136, house, all
HI

Hawaii 2025 Regular Session

PSM-LBT, TCA-PSM, PSM Public Hearings 03-10-2025

Public Safety and Military Affairs

Transcript Highlights:
  • Judiciary, call you up for just a sec.
  • uh Judiciary call you up<00:16:36.319> for<00:16:36.480> just<00:16:36.560> a sec
  • 41.600> quick<00:16:41.759> in<00:16:41.839> your<00:16:41.920> testimony sec
  • uh just real quick in your testimony sec uh just real quick in your testimony you<00:16:42.480> noted
Keywords: 912, senate, all
Summary: The joint committees heard testimony on House Bill 1064, which would implement recommendations from the Fire Safety Research Institute’s Maui wildfire report, clarify the role of the State Fire Marshal, and appropriate funds. Testimony was generally supportive from DLNR, the Climate Advisory Team, the State Fire Council, Hawaiʻi Electric, the Attorney General’s office, the Honu Fire Department, AARP, the Hawaiʻi Insurance Council, and others. Governor Green’s office said it supported the bill but wanted the office of the State Fire Marshal placed under the Department of Defense rather than the governor’s office, citing constitutional and administrative concerns. Members also questioned the State Fire Council about the selection process for the fire marshal and about defensible space and wildfire resilience in different communities. After discussion, the committees deferred decision-making on HB 1064 to Friday, March 14, at 3:00 p.m. in Room 225 for the Committee on Public Safety and Military Affairs, with the same recommendation from the other committee. The hearing then moved to House Bill 697, which would expand who may review automated speed enforcement images. HDOT supported the bill but said it would prefer funding from the Highway Special Fund or the automated speed enforcement special fund rather than general revenues. Opposition testimony from the ACLU raised privacy concerns, argued the bill blurs the line between law enforcement and infrastructure management, and said DOT staff lack the mandate and expertise for the task. Judiciary said it would need additional capacity to process citations and hearings, and noted the program’s likely workload and costs were still uncertain. The committees then took up House Bill 277 on vehicular pursuit policy. The Attorney General and the Law Enforcement Standards Board urged the committees to defer the bill and let the board develop policy first, while Hawaii County Police opposed the measure as unnecessary, confusing, and too restrictive of officer discretion. Honolulu Police Department and the Policing Project supported the bill, arguing that clearer statewide standards and transparency are needed because pursuits can cause serious injuries or deaths and existing policies are inconsistent or not public. The Policing Project said the bill could be improved with amendments on serious crimes, but supported legislative action to set statewide standards while still involving the board. No final vote or action on HB 277 was taken in the portion provided.
MN
Transcript Highlights:
  • whistleblowers that are coming forward from MIT, Harvard, Colombia, UCLA, USC, the under secretary for the SEC
  • :45.519> the UCLA USC uh the under secretary for the UCLA USC uh the under secretary for the SEC
  • 29:46.559> of<00:29:46.919> Defense<00:29:47.919> uh<00:29:48.080> green SEC
  • the Secretary of Defense uh green SEC the Secretary of Defense uh green piece<00:29:49.679> they're
Keywords: 1183, house
KY
Transcript Highlights:
  • Thank you all right, looks like first day I get to take the chair from Senator Higdon for a sec anyway
  • to take the chair from Center Higman for to take the chair from Center Higman for a<00:32:51.679> sec
  • 32:52.880> to<00:32:53.039> come<00:32:53.240> down<00:32:53.480> and a sec
  • anyway he's going to come down and a sec anyway he's going to come down and present<00:32:54.760>
Summary: The committee first approved the prior month’s minutes after a roll call established a quorum. It then heard testimony on a draft proposal from Senator Robbie Mills to increase CERS retiree health subsidies for members retiring on or after July 1, 2003. The bill would raise the non-hazardous subsidy from $14.63 to $40 per month per year of service and the hazardous-duty subsidy from $21.94 to $50, with employee contribution rates adjusted based on the health trust’s funded status. Supporters from sheriffs, firefighters, police chiefs, and the Kentucky League of Cities said the change would improve recruitment and retention, better align the subsidy with the cost of a single health plan, and preserve the system’s financial footing through shared employer-employee costs and funding triggers. Committee members asked about the fiscal impact, the effect of funding levels above 150%, and how the subsidy would work for rehired retirees or employees who later take private-sector jobs. Mills and other witnesses said preliminary actuarial work was still forthcoming, that the bill was intended to be revenue-neutral or close to it, and that the subsidy would continue to be paid monthly; they also noted existing 2008 rules for rehired retirees and said the benefit would still be available even if a retiree later had other insurance. One member suggested looking at stable accounts as an additional option for special-needs planning in a later bill. The committee then heard Senate Bill 58 from Senator Robin Webb, which would allow state employees to designate a Special Needs Trust as a beneficiary for retirement benefits. Webb said the measure would help employees provide for disabled dependents without jeopardizing SSI or Medicaid eligibility, and that the bill follows federal special-needs trust rules. He said the proposal could be revenue neutral, but actuarial analysis was still pending and KPPA had asked for electronic rather than paper transfer provisions. Members questioned whether the authority already exists, how the trust would work, and whether stable accounts should also be considered; Webb said he would follow up with additional information.
AL

Alabama 2026 1st Special Session

Alabama House Insurance Committee Mar 17th, 2026

Economic Development/Banking/Insurance & Commerce

Transcript Highlights:
  • 20.320> a keep a a tally of that and give you a a keep a a tally of that and give you a a 15-sec
  • <00:19:23.760> Um,<00:19:23.948> [clears throat] 15-sec uh warning.
  • Um, [clears throat] 15-sec uh warning.
Bills: HB424, SB63, SB269
HI

Hawaii 2026 Regular Session

Tourism and Gaming Working Group 1-22-2026

Hawaii Senate Floor Meeting

Transcript Highlights:
  • /c><00:24:57.600> guy<00:24:57.840> thought<00:24:58.080> the<00:24:58.400> sec
  • <00:24:58.720> he though where the guy thought the sec he though where the guy thought the
  • sec he understood<00:24:59.279> the<00:24:59.520> security<00:25:00.080> guy<00
Keywords: 912, senate, all
HI
Transcript Highlights:
  • /c><00:53:43.040> with<00:53:43.119> within<00:53:43.359> the<00:53:43.599> sec
  • <00:53:44.000> second pilot program with within the sec second pilot program with within the
  • sec second and<00:53:44.640> fifth<00:53:45.040> circuits<00:53:46.240> uh<00:53
Keywords: 912, senate, all
Summary: The Judiciary Committee heard testimony on HB 400, the Judiciary’s biennium budget, and HB 727, a proposal to create a women’s court pilot program. On HB 400, Judiciary officials said the request includes operating funds of about $6.17 million in FY 2026 and $6.25 million in FY 2027, 17 permanent positions and one temporary position, plus $11.9 million for capital improvements. Testifiers from the legal services community, including the Legal Clinic, Legal Aid Society of Hawaii, and the Hawaii State Bar Association, supported the budget and emphasized the need for civil legal services and immigration-related legal help. Judge Kim also highlighted Big Island needs, including courthouse design funding and an additional district court judge. HB 727 drew extensive testimony in support from Judiciary officials, treatment court staff, legal and behavioral health organizations, prosecutors, and individuals with lived experience in drug court. Supporters said women in the justice system often face trauma, abuse, addiction, and mental health challenges that are not adequately addressed in existing programs, and argued that a women’s court could improve rehabilitation and reduce recidivism. Judiciary witnesses explained that the proposed program would be a specialty court within the drug court framework, initially focused on the Kona division of the Third Circuit, with possible future expansion to Hilo. A probation officer and a former drug court participant described the benefits of treatment court and the need for women-specific services, including spiritual counseling options. After testimony, the committee recessed briefly for lack of quorum and later returned to vote. HB 400 was passed with amendments, including added amounts in the committee report for civil legal services and immigration-related legal services, and a revised defective date. HB 727 was also passed with amendments, including changes to the purpose section to make the First Circuit women’s court permanent, create a three-year Third Circuit Kona women’s court pilot, and remove the broader expansion language for the time being. The committee adopted both measures by vote, with Senator Chang excused.
CA

California 2025-2026 Regular Session

Assembly Environmental Safety and Toxic Materials Committee Jun 16th, 2026

Environmental Safety and Toxic Materials

Transcript Highlights:
  • And we had talked with your staff about SEC reporting and what this looks like on the books.
  • wondering, which seems to be a big concern, although it was not mentioned today in testimony, but the SEC
Keywords: 988, house, all
Summary: The Assembly Environmental Safety and Toxic Materials Committee heard several bills, with SB 811 pulled by the author and deferred to a later hearing. The committee first took up SB 501 by Senator Allen, which would expand California’s battery extended producer responsibility program to include medium-format batteries such as those used in e-bikes, scooters, lawn equipment, and portable power systems. Supporters from local governments, stewardship organizations, and recycling groups said the bill would reduce fire risks, worker hazards, and disposal costs; opposition was limited, with some industry groups seeking clarification or expressing neutrality after amendments. The bill was moved out of committee on a do-pass vote, with one no vote recorded from Assemblymember Ellis and later additional ayes added after quorum was established. The committee then heard SB 1125 by Senator Menjivar, which would create a statewide low-income drinking water rate assistance program administered by the State Water Resources Control Board, contingent on funding. The author and supporters argued that many Californians face water debt and that public water systems lack a statewide affordability program because of Proposition 218 constraints. Water agencies, environmental justice groups, and local governments testified in strong support, and there was no opposition. The bill passed the committee on a do-pass vote, again with one no vote from Assemblymember Ellis and later additional ayes after quorum. SB 1259 by Senator Blakespear, as amended, would require petroleum refineries to provide advance closure, cleanup, and cost information to the state to improve planning for refinery transitions and site remediation. Supporters, including the City of Benicia and environmental groups, said communities need transparency and early planning to avoid leaving local governments and workers with cleanup and redevelopment uncertainty. Opponents, including the Western States Petroleum Association, the State Building and Construction Trades Council, and business groups, argued the bill was burdensome, duplicative of existing regulation, and could send the wrong signal to remaining refineries. After extensive discussion, the committee approved SB 1259 on a do-pass-as-amended vote to the Assembly Utilities and Energy Committee. The consent calendar, including SB 1253 and SJR 13, also passed.
CA
Transcript Highlights:
  • And we had talked with your staff about SEC reporting and what this looks like on the books.
  • wondering, which seems to be a big concern, although it was not mentioned today in testimony, but the SEC
Summary: The Assembly Environmental Safety and Toxic Materials Committee heard three main bills after initially lacking a quorum and deferring the consent calendar. SB 501 by Senator Allen would expand California’s battery extended producer responsibility program to include medium-format batteries, such as those used in e-bikes, lawn equipment, and portable power systems. Supporters from local governments, recycling groups, environmental organizations, and battery stewardship interests said the bill would reduce fire risks, improve collection and recycling, and close a gap in existing law. One industry witness sought clarification about off-highway vehicles and a battery association requested guardrails for mixed battery formats; the California Retailers Association moved from opposition to neutral after discussions with the author. SB 1125 by Senator Menjivar would create a statewide, state-funded low-income drinking water rate assistance program administered by the State Water Resources Control Board, contingent on funding. The author and supporters said many Californians face water debt and that the bill would help address affordability while working around Proposition 218 limits on local ratepayer-funded assistance. Water districts, local governments, environmental justice groups, and conservation organizations testified in support, and there was no opposition. SB 1259 by Senator Blakespear, as amended, would require refineries to provide advance information on closure, cleanup costs, and timelines to help communities plan for refinery transitions and remediation. Supporters, including the City of Benicia, environmental justice groups, and advocacy organizations, argued that communities need transparency before closures occur and that other energy sectors already provide similar planning information. Opponents from labor, petroleum, and business groups argued the bill was unnecessary, burdensome, and could discourage refinery investment or signal premature decline of the industry. After extensive debate, the committee voted to pass SB 1259 as amended to the Assembly Utilities and Energy Committee, and also approved SB 501 and SB 1125; the consent calendar items SB 1253 and SJR 13 were adopted.
FL

Florida 2025 Regular Session

Banking and Insurance Mar 25th, 2025

Transcript Highlights:
  • He was also an enforcement attorney with the U.S. with the SEC and then assistant state attorney for
  • Senate present and past CIA, DIA, FBI, SEC, Homeland Security, the Justice Department.
Keywords: 999, senate, all
MA

Massachusetts 2025-2026 Regular Session

Joint Committee on Education Jun 21st, 2026 at 01:00 pm

Joint Committee on Education

Transcript Highlights:
  • Stick around for one sec.
  • Stick around for one sec. Maybe Jennifer, do you mind come Thank you. Thank you very much.
  • Stick around for one sec. Maybe Jennifer, do you mind coming back for a minute? Thanks.
Keywords: 995, all
Summary: The Joint Committee on Education held a hearing focused primarily on special education-related bills, with testimony centered on two major themes: transition planning for students aging out of school-based services at age 22, and the fiscal strain special education costs place on districts. Committee members explained hearing procedures, noted the House was in formal session, and periodically stepped out for votes while staff recorded testimony. A separate bill on special education due process was also taken up briefly, along with a bill on special education finance and another on equitable access/data reporting. On House Bill 752 and Senate Bill 313, witnesses from the Arc of Massachusetts, the Massachusetts Down Syndrome Congress, the Developmental Disabilities Council, families, self-advocates, and Senator Comerford described the “Turning 22” transition as a crisis point that often leaves families without adult placements, services, or clear communication. Testimony emphasized earlier planning, more accountability, better data collection, and a commission to improve coordination and residential placement. Several parents and advocates shared personal accounts of traumatic transitions, delayed placements, and the need for plans to begin at least a year before age 22. The committee later closed testimony on these bills after hearing from all signed-up speakers. House Bill 4217, on special education due process, drew support from Representative Sullivan-Almeida, parents, and advocates who argued that the burden of proof should shift from families to school districts. Testimony described costly legal battles, delays, and parents having to become experts in reading instruction or hire advocates and attorneys to secure services. Brody Dwyer, a 10-year-old student with dyslexia, and his mother described how evidence-based instruction helped him after years of struggle. The committee also heard testimony on House Bill 546/Senate Bill 317, which would require DESE to publish cross-tabulated data on race, disability, gender, income, and other factors; advocates said this would better expose disparities and help address the school-to-prison pipeline. Finally, on House Bill 691/Senate Bill 430, school leaders, educators, and union representatives testified that special education costs are outpacing district budgets and that increasing circuit breaker reimbursement and creating a commission to study long-term sustainability would help prevent staffing cuts and service reductions. No votes were taken during the hearing; the committee repeatedly closed testimony on individual bills as speakers finished and moved through the agenda.
KY

Kentucky 2026 Regular Session

Senate Standing Committee on Licensing and Occupations. (3-3-26)

Licensing & Occupations

Transcript Highlights:
  • <00:02:52.080> The<00:02:52.319> sec<00:02:52.640> second<00:02:52.959> subject
  • The sec second subject particular topic.
  • The sec second subject matter<00:02:53.680> area<00:02:54.080> was<00:02:54.480> GLP1s
Summary: The Senate Standing Committee on Licensing and Occupations met on March 3, 2026, with a quorum present and first took up Senate Bill 65, sponsored by Senator Steve West. The bill would nullify administrative regulations found deficient by the Administrative Regulations Review Subcommittee. West said the committee had found three deficient regulations this year, including one related to vaping rollout problems and one involving GLP-1 coverage expansion for Medicaid. Senator Berg raised concerns that striking the GLP-1 regulation could limit Kentucky’s ability to use these drugs for weight loss and other health benefits, but the sponsor and others said the action would only block the specific regulation and that doctors could still prescribe GLP-1s under existing Medicaid authority. The committee passed SB 65 with favorable expression, 8-2. The committee then considered Senate Bill 177, sponsored by Senator Rick Girdler, and first adopted a substitute. The bill concerns speech-language pathologist licensure. Testimony from Kate Wood Hall and Ann Blandford of the Kentucky Speech-Language-Hearing Association explained that the substitute would remove the mandatory post-professional graduate experience as a requirement for full licensure, while keeping an interim pathway and preserving an optional compact-related pathway. They said the change responds to updated graduate training standards and federal billing issues, including CMS guidance that had temporarily disrupted reimbursement and access, especially in rural areas. Members asked whether the change would weaken standards or affect compact participation; witnesses said it would not, and that the compact option remained available. The committee also noted that pages two and three of the substitute were missing and staff would restore them. Several senators spoke in favor while explaining reservations. Senator Berg supported the bill and shared a personal story about speech therapy in her family. Senator Douglas also voted aye but expressed concern about reducing requirements for trained professionals and about incentives in professional education. Senator Chambers Armstrong asked whether the opt-in structure would create barriers or affect compact participation, and witnesses said it would not increase costs and that other states, including Virginia and Oregon, were pursuing similar approaches. SB 177, as amended by the substitute, passed with favorable expression.
FL

Florida 2025 Regular Session

Rules Mar 19th, 2025

Transcript Highlights:
  • Provide both documentation filed with the SEC
  • publicly traded documentation filed with the SEC
  • To provide audited SEC for publicly traded
Keywords: 999, senate, all
MS

Mississippi 2026 Regular Session

MS Senate Floor - 25 March, 2026; 10:00 AM

Mississippi Senate Floor Meeting

Transcript Highlights:
  • Resolution Number 93, a resolution recognizing the outstanding career of Mississippi State University All-SEC
  • Mississippi that we do hereby recognize the outstanding career of Mississippi State University All-SEC
  • Program record for most points in SEC game, 46. I was there for that one, too.
  • fourth all time in scoring at Mississippi State with over 900 points, and he's also a three-time All-SEC
Summary: The Senate convened with a quorum, opened with an invocation by Reverend Bruce Wells and the Pledge of Allegiance, then approved dispensing with the reading of the journal and committee reports. The chamber also recognized a joint resolution honoring the University of Southern Mississippi Army ROTC program on its 75th anniversary, and welcomed several guests and groups in the galleries throughout the morning. A series of special recognitions followed. The Senate adopted Senate Resolution 53 honoring Katie Blunt on her retirement as director of the Mississippi Department of Archives and History; Blunt spoke about the success of the Two Mississippi Museums, fundraising for exhibits and public programming, and her long service to the state. The Senate also recognized the Winston Academy Patriots football team for winning the 2025 MHSAA Class 2A Division 2 state championship, the Mississippi State University All-SEC basketball guard Josh Hubard for his athletic and community service achievements, and the Columbus High School Falcons for winning the 2026 MHSAA Class 5A boys basketball state championship. A South Panola High School Air Force JROTC drone team was also honored for its third consecutive grand championship, with its instructor describing the program’s statewide and national success and its role in preparing students for careers and research opportunities. On the legislative calendar, the Senate tabled a motion to reconsider Senate Bill 2588, the Safeguard Honesty, Integrity, and Elections for Lasting Democracy Shield Act. It then adopted the conference report on Senate Bill 2654, creating the State Security Operations Center within the Mississippi Department of Information Technology Services, after members noted the changes were largely clerical and did not alter the bill’s substance. The Senate also confirmed several nominations by use of the morning roll call, including reappointments to the Mississippi Board of Animal Health, appointments to the State Board of Veterinary Medicine, and an appointment to the Mississippi Outdoor Stewardship Trust Fund board.
US
Transcript Highlights:
  • Their own SEC filings from last year show that China is now Matter's second biggest market.
  • asking MEDA's board to investigate its activity in China, and I filed whistleblower complaints with the SEC
Summary: The meeting of the Senate Judiciary Subcommittee on Crime and Counterterrorism focused on oversight of Meta's foreign relations and representations to Congress. An essential witness, Sarah Wynne-Williams, a former executive at Facebook, provided testimony outlining significant concerns about the company's practices and its complicity in aiding oppressive regimes. The atmosphere was charged, with ongoing debates about the regulation of big tech companies and the ethical implications of their policies. The committee explored topics such as user data management, whistleblower retaliation, and the need for legislative measures to protect users and enhance accountability in the tech sector. A notable point of contention was Facebook's alleged cooperation with the Chinese government regarding the dissemination of user data and AI tools, leading to serious ethical implications.
MN

Minnesota 2025-2026 Regular Session

House Floor Session - part 1 May 16th, 2025

Minnesota House Floor Meeting

Transcript Highlights:
  • Wait, one sec. The Clerk will close the roll. The Clerk will call the name.
NH
Transcript Highlights:
  • <00:27:26.159> These<00:27:26.400> are these these are SEC filings.
  • These are these these are SEC filings.
  • all<00:43:05.359> between<00:43:05.839> CFTC<00:43:06.480> and<00:43:06.720> SEC
  • <00:43:07.200> which<00:43:07.359> is all between CFTC and SEC which is all between
  • The chair of the SEC, Paul Atkins, also mentioned that all assets will be tokenized in the U.S. within
Keywords: 1189, house, all
Summary: The commission met with a quorum, approved the agenda, and approved the November 12 minutes after a motion, second, and unanimous voice/online consent. The chair said the meeting would include two presentations—one from Noah Herman of Fortress Global and one from John Kicko and team from Hedera—followed by discussion of the commission’s next steps and public comment. The chair also noted he was still seeking a clerk for note-taking. Herman’s presentation focused on stablecoins, blockchain use cases, and operational considerations for states and other institutions. He described Fortress as an enterprise crypto-wallet and treasury platform serving corporates, governments, and nonprofits, and used examples such as Save the Children and a large global commodities firm to illustrate custody and treasury management on blockchain rails. He said stablecoins are designed to maintain a U.S. dollar peg, are increasingly backed by treasuries and subject to greater transparency, and are being adopted by major firms and payment companies because they can improve speed, reduce cost, and simplify payments. He also highlighted market growth, including claims that stablecoins now represent a significant share of on-chain activity and are a major holder of U.S. Treasuries. He identified custody as a key issue for state and institutional use, outlining qualified custody, managed custody, and self-custody models. He said the main practical challenge for the commodities client was moving funds safely and quickly across global time zones and that blockchain rails could solve problems that traditional banking rails could not. He framed the broader trend as one of accelerating institutional adoption, citing recent acquisitions and product launches by Visa, Stripe, Citi, and PayPal as evidence that stablecoin infrastructure is becoming mainstream.