Video & Transcript : 'brokerage window' :
Page 6 of 252
WA
Washington 2025-2026 Regular Session
House Consumer Protection & Business Feb 18th, 2026 at 01:30 pm
Consumer Protection & Business
Transcript Highlights:
- And since then, many members, brokerages, and industry partners from across the state have also expressed
- in-house and easily recruit other brokers to keep growing that market share to the detriment of other brokerages
Committee:
House Consumer Protection & Business
Keywords:
mortgage modification, uniform regulations, homeowners, financial stability, foreclosure prevention, SB6178, property insurance, insurance claims, assignment of benefits, AOB, post-loss assignment, post-loss benefits, homeowners insurance, policyholder, insured, restoration contractor, mitigation contractor, public adjuster, insurance commissioner, claims handling
NM
New Mexico 2026 Regular Session
House - Commerce and Economic Development Feb 6th, 2026
Transcript Highlights:
- that refundability option so that especially some of these smaller landowners can bypass that whole brokerage
- So if we can help eliminate this brokerage fee that they have, and if we can see how we can do this refundable
Summary:
The committee first heard HB 186, which would update New Mexico’s Land Conservation Incentives Act by increasing the conservation tax credit cap from $250,000 to $2 million, raising the credit percentage, and making the credit refundable. The sponsor and conservation groups said the bill is intended to help land-rich, cash-poor landowners preserve working farms, ranches, watersheds, habitat, and cultural resources, while also leveraging federal conservation dollars and supporting rural economies. Supporters from land trusts, Realtors, conservation organizations, and local landowners testified that current caps are too low to make easements feasible for smaller properties and that the bill would reduce pressure to sell to developers. Some members raised concerns about fiscal impact, whether refundable credits should be limited, and whether wealthy landowners could benefit; the sponsor said the bill is aimed at smaller landowners and that the fiscal estimates may be overstated. The committee voted 6-3 to do pass HB 186.
The committee then considered HB 92, which would phase out the state income tax on Social Security benefits over eight years. The sponsor argued that Social Security income should not be taxed and said the phase-out would help seniors, attract retirees, and support the economy. An amendment was adopted to strike language related to a prior date. Opposition testimony focused on fairness and revenue concerns, with one witness arguing the bill would mainly benefit higher-income filers and reduce funds for schools, infrastructure, and housing. Several members questioned the fiscal impact, the income thresholds, and whether the bill was ready without more data; the sponsor said the phase-out was designed to avoid a cliff effect and that the current estimates were uncertain. The committee then voted 5-3 to table HB 92.
Finally, the committee heard HJM 1, a memorial supporting stronger relations between Taiwan and New Mexico and the United States in trade, technology, education, and official exchanges. The sponsor and a representative from Taiwan’s economic office described the long-standing sister-state relationship and said the memorial would reinforce goodwill and people-to-people ties. Members spoke in support of the relationship, with one noting Taiwan’s importance in technology and chip manufacturing. One member questioned tariffs and the need for the memorial but still acknowledged the strong bilateral relationship. The committee approved HJM 1 on an 8-1 do pass vote.
MN
Minnesota 2025-2026 Regular Session
Gov. Tim Walz's tax bill, HF2437, heard in House Taxes Committee 4/2/25
Transcript Highlights:
- It's accounting, banking, and brokerage, legal services—what we have there is what's in the statute,
- It's accounting, banking, and brokerage, legal services—what we have there is what's in the statute,
- The language in the current bill states that the tax applies to quote, banking and brokerage services
- The tax applies to quote, banking and brokerage services, including but not limited to five specific
- It's just—it's on page 16 when it's banking and brokerage services.
Summary:
The committee took up House File 2437, the governor’s proposed tax bill, and first adopted the A25-Z42 amendment to put the bill in the desired shape. Commissioner Paul Marquardt of the Department of Revenue then presented the bill as part of Governor Walz and Lieutenant Governor Flanagan’s budget, describing it as a response to budget pressures that would make the tax system more fair and stable while supporting economic development and jobs.
Marquardt walked through the bill’s major provisions. These included sustainable aviation fuel policy, repeal of K-12 education credit assignment, elimination of the political contribution refund, expansion of the research and development credit, short-line railroad infrastructure modernization, changes to the state airport fund levy, replacement of attachments and appearances with distribution systems, a narrow personal property tax exception for low-income housing tenants, reduced aquatic invasive species aid, and a 34% reduction in PILT payments. He then focused on the sales tax article, saying it would lower the statewide rate by 0.75% while expanding the base to selected professional services such as accounting, banking, brokerage, and legal services, with business-to-business transactions exempt. He said the proposal would be effective for sales and purchases after September 30, 2025, and estimated a first-year rate-cut impact of about $99 million versus $215 million from the service expansion, while arguing that most households would see a net tax cut. He also noted other changes such as landlord penalty adjustments, a 30% reduction in sustainable aviation fuel incentive payments, repeal of local government cannabis aid, and repeal of the tax filing modernization account.
Public testimony began with Kyle Playford of the Financial Planning Association of Minnesota, who strongly opposed the proposed sales tax on professional services, especially financial planning. He argued that financial planning is an essential service for retirement, investment, and long-term financial security, and said the tax would raise costs for consumers, reduce access for middle-class families, small business owners, and retirees, and put Minnesota firms at a competitive disadvantage. The chair then indicated that additional public testimony would continue before member questions.
KY
Kentucky 2025 Regular Session
Senate Standing Committee on Licensing and Occupations (2-25-25)
Transcript Highlights:
- and border areas to practice in Kentucky too, you know, I just think that's a good thing for the brokerages
- and border areas to practice in Kentucky too, you know, I just think that's a good thing for the brokerages
- and border areas to practice in Kentucky too, you know, I just think that's a good thing for the brokerages
Summary:
The Senate Standing Committee on Licensing and Occupations met with a quorum and first heard Senate Bill 20, sponsored by Senator Matt Nunn, which would bar state agencies from adopting administrative regulations with implementation and compliance costs above $500,000 over a two-year period unless an exception applies. Nunn said the bill is intended to increase legislative oversight, reduce burdensome regulation, and preserve agency authority for routine rules, with exceptions for emergency actions, loss of federal funds, express legislative authorization, and health facility/service matters. Senators asked about the definition of “major economic impact,” whether broader societal costs were considered, and how the legislature could respond quickly to year-round agency rulemaking; Nunn said the bill is meant to force those larger policy choices into the legislative process. Several members voiced concern that the threshold was too low and could tie agencies’ hands, while others supported the bill as a check on regulation. The committee voted to report SB 20 favorably, with some members voting no or passing.
The committee then took up Senate Bill 127, sponsored by Senator Shelley Frommeyer, concerning real estate license reciprocity. Frommeyer and representatives from Perry Real Estate College explained that the bill would codify Kentucky’s current education and licensing standards for out-of-state real estate licensees, rather than relying on bilateral agreements that can be terminated by other states. They said the measure was prompted by the end of reciprocal agreements with states such as Ohio and West Virginia, which left students and licensees uncertain, and argued that codifying the standards would provide stability, help military spouses, and support Kentucky’s real estate industry. Senators questioned whether a compact would be better, whether the bill would disadvantage Kentucky licensees seeking to practice elsewhere, and whether it would weaken Kentucky’s leverage in future negotiations. Supporters said the bill only fixes Kentucky’s side of the process and could encourage other states to adopt similar standards; opponents worried it was unilateral and might not produce reciprocity from other states. The committee ultimately reported SB 127 favorably, with several members explaining yes, no, or pass votes, and then adjourned.
ID
Transcript Highlights:
- Right now, the UCC allows the intermediary, and that would be the bank that finances the brokerage or
Committee:
House Business
TX
Transcript Highlights:
- I have a 10-agent independent brokerage in Liberty Hill, Texas.
- I have a 10-agent independent brokerage in Liberty Hill, Texas.
Bills:
SB32 , SB464 , SB996 , SB1163 , SB1173 , SB1277 , SB1452 , SB1453 , SB1548 , SB1882 , SB1883 , SB2016
Committee:
Senate Local Government
Summary:
The Senate Local Government Committee heard several bills by Senator Bettencourt focused on property tax and local government accountability. SB 32 would provide about $700 million in business tax relief by raising the business personal property exemption from $2,500 to $25,000 and continuing a 20% franchise tax credit for inventory taxes paid. Witnesses from NFIB, the Texas Retailers Association, and Texas Realtors supported the bill, saying business personal property and inventory taxes are burdensome and especially hard on small businesses. After no opposition testimony, SB 32 was left pending.
The committee also heard SB 1453, which would change how interest and sinking tax rates are calculated by using only the minimum debt service required under bond schedules, while still allowing a higher rate with a 60% governing body vote and a public explanation. A witness from the Texas Taxpayers and Research Association supported the bill as a way to keep debt rates from rising as property values increase and to preserve tax relief. The bill was left pending after testimony.
SB 1883 would tighten rules on local impact fees by requiring 60 days of public availability for capital improvement plans and land use assumptions, raising the approval threshold for adopting impact fees from a simple majority to two-thirds, limiting how often fees can be increased, and expanding notice requirements. Builders and developers testified in support, arguing that impact fees are often poorly reviewed, lack accountability, and are passed on to homebuyers, worsening housing affordability. Committee members discussed adding audit provisions and questioned the lack of city testimony. The bill was left pending with subcommittee action. SB 1452 would require a voter election to decide whether a municipal management district continues to exist, with dissolution if voters reject it; supporters said it would add accountability, while others noted some districts provide essential services and infrastructure. The committee heard testimony from district representatives and builders, then left SB 1452 pending before recessing.
CA
California 2025-2026 Regular Session
Assembly Select Committee on Wildfire Prevention Jun 12th, 2026
Transcript Highlights:
- standards and will probably, and theoretically, with evacuation warnings and people closing up doors and windows
- standards and will probably, and theoretically, with evacuation warnings and people closing up doors and windows
- They're promising people a 35% discount, and they're doing that; they're actually a brokerage and they're
- smoke taint is and isn't happening during those beneficial fire events, to hopefully expand that window
Summary:
The hearing focused on lessons from the 2017 Tubbs Fire and how Santa Rosa, Sonoma County, and local partners have changed wildfire prevention, recovery, and rebuilding practices since then. Assemblymembers emphasized that the region has become a model for the state, with a shift from suppression to prevention, and panelists described improvements in defensible space, home hardening, vegetation management, alerting, and community coordination. The discussion also highlighted the continuing importance of sharing Sonoma County’s experience with other wildfire-impacted communities across California and beyond.
Fire officials and local leaders described specific prevention measures now in place, including Santa Rosa’s vegetation management ordinance, ignition-free/Zone Zero requirements in rebuilding, restrictions on certain mulches, removal of dead and dying trees near roads and defensible space zones, and expanded prescribed burning authority. They also stressed the importance of community organization through block captains, Firewise/COPE-style networks, and the Mark West Area Community Fund. Speakers said these networks helped residents navigate recovery, avoid fraud and bad contractors, coordinate with local agencies, and support neighbors, but they argued that such efforts need more formal structure and stable funding.
Water and permitting officials discussed how the fires changed their work. Santa Rosa Water described new regional coordination, generator and backup power upgrades, emergency training, and lessons learned about wildfire-related contamination in water systems, including the need to restore pressure, flush, and test quickly after a fire. Permit Sonoma said rebuilding was balanced by streamlining permits while still requiring safer, more resilient construction, and noted that reduced fees and one-stop permitting helped speed recovery. United Policyholders described helping residents maximize insurance proceeds, organize information, and avoid scams, while warning that insurance availability and affordability remain major barriers and that insurers are increasingly rewarding risk-reduction measures.
Across the panels, the main policy requests were for faster and more flexible grant processes, more stable long-term funding for prevention and community programs, stronger support for home hardening and defensible space, better training and tools for local governments and legislative staff, and continued attention to insurance and utility-related resilience. No formal votes or actions were taken in the transcript excerpt; the hearing was informational and ended with a transition toward public comment and further discussion of remaining statewide wildfire policy needs.
LA
Louisiana 2026 Regular Session
Agriculture, Forestry, Aquaculture, and Rural Development Mar 26th, 2026
Agriculture, Forestry, Aquaculture, and Rural Development
Transcript Highlights:
- has already been consumed before the farmer would get paid because the end consumer would pay the brokerage
- Maybe that brokerage firm, that end user, has to be responsible all the way back to the farmer for that
- most of the companies are here in the long term, but we have the advent of these now multi-state brokerages
Summary:
The committee first approved the minutes and welcomed a new member, then took up a series of agriculture-related bills, many focused on Louisiana seafood and producer protections. HB 121 by Rep. Domain would let the Department of Agriculture and Forestry seize and destroy adulterated imported seafood after a stop order, rather than relying on another agency to do it; the commissioner said the bill would improve enforcement without adding major cost, and it was reported favorably. HB 725, also by Rep. Domain, was amended to require retailers to keep invoices for imported seafood for six months so inspectors can verify country of origin and labeling; the committee adopted the technical amendment and reported the bill favorably. HB 367, dealing with Structural Pest Control Commission hearing notices, was described as a technical change to align notice procedures with the Administrative Procedure Act and was also reported favorably. HB 505, on certification cards for commercial applicators, pesticide salespersons, and agricultural consultants, was amended to keep unexpended pesticide fund money in the fund and streamline renewal timing; it too passed favorably.
The committee then considered several measures aimed at protecting farmers from market losses. HB 344 by Rep. Coates raised the Grain and Cotton Indemnity Fund thresholds for suspending and restarting assessments, with the commissioner explaining that recent bankruptcies and broker failures had shown the need for a larger reserve; the bill was reported favorably. HB 370, a follow-up measure on the same fund, increased the assessment rate on agricultural commodities so the fund could grow faster, and it also passed without objection. HB 847, on Soil and Water Conservation Commission district supervisor elections, was amended to require certified nominating petitions, shift election administration to the Secretary of State, and remove outdated statewide election language; supporters said the change would modernize a system that had become costly and unwieldy, and the bill was reported favorably. HB 370 and HB 847 drew discussion about ballot access, election administration, and the nonpartisan nature of soil and water districts.
The meeting also included a lengthy agriculture update from Commissioner Strain and a presentation from LSU Ag Center Dean Matt Lee. Strain discussed seafood imports, labeling enforcement, shrimp industry promotion, feral swine damage, fertilizer and diesel cost pressures, pesticide disposal, and export markets for rice and timber, emphasizing that Louisiana agriculture depends on testing, marketing, and international trade. Lee reported that LSU Ag Center research is ranked among the nation’s top agricultural programs, with major work in sugarcane variety development, and said the center’s research generates substantial economic returns for Louisiana producers. Several industry representatives, including Louisiana Farm Bureau and LSU Ag Center staff, spoke in support of the bills and the state’s agricultural programs.
LA
Louisiana 2026 Regular Session
Agriculture, Forestry, Aquaculture, and Rural Development Mar 26th, 2026
Agriculture, Forestry, Aquaculture & Rural Development
Transcript Highlights:
- has already been consumed before the farmer would get paid, because the end consumer would pay the brokerage
- Maybe that brokerage firm, that end user, has to be responsible all the way back to the farmer for that
- most of the companies are here in the long term, but we have the advent of these now multi-state brokerages
Committees:
House Agriculture, Forestry, Aquaculture & Rural Development , House Agriculture, Forestry, Aquaculture, and Rural Development
Summary:
The House Committee on Agriculture met with a quorum, adopted the prior meeting minutes, and heard a series of agriculture-related bills, most of them sponsored by Representative Domain or Chairwoman Butler. The first major bill, HB 121, would expand the Department of Agriculture and Forestry’s authority over imported seafood by allowing its inspectors, in addition to the Department of Health, to seize and destroy adulterated seafood already under stop order. Representative Domain and Commissioner Strain framed the bill as a seafood-safety and anti-fraud measure aimed at protecting Louisiana shrimpers from tainted imports and bad actors. Members asked about cost, testing rates, countries of origin, and whether the bill would affect imported shrimp prices; the commissioner said it would not raise consumer prices and that Louisiana’s testing is focused at retail rather than ports. HB 121 was reported favorably with no objections.
The committee then considered HB 725, which requires restaurants/retailers to retain invoices from imported seafood vendors for six months. After a technical amendment changing the bill’s one-liner from “restaurants” to “retailers,” the bill was explained as a recordkeeping tool to help auditors verify country-of-origin and labeling compliance without costly product testing. It was reported favorably with amendments. The committee also heard a bill reducing the required number of annual meetings for the Agriculture Finance Authority from four to two; Commissioner Strain said the change would streamline operations when there is no business to conduct, and it was reported favorably.
Next, the committee took up HB 344 and HB 370 dealing with the Grain and Cotton Indemnity Fund. HB 344 raises the fund’s balance thresholds for suspending and restarting assessments, while HB 370 increases the assessment rate on agricultural commodities to replenish the fund more quickly. Commissioner Strain described recent large losses from grain broker bankruptcies, including Hansen-Mueller, and explained that the fund has been paying farmers but needs a larger balance to handle future defaults. Members discussed the risks posed by brokers, the adequacy of bonding, and the need to protect farmers and rural communities; both bills were reported favorably. The committee also advanced HB 367, aligning Structural Pest Control Commission hearing notices with the Administrative Procedure Act, and HB 847, which modernizes Soil and Water Conservation district supervisor elections by shifting administration to the Secretary of State and updating petition and ballot procedures after a crowded, ballot-short election. Finally, HB 505 streamlined certification and renewal rules for commercial applicators, pesticide salespersons, and agricultural consultants, including a technical amendment to keep unexpended pesticide-fund money in the fund; it too was reported favorably with amendments.
After the bills, Commissioner Strain gave a lengthy update on the state of agriculture, forestry, and aquaculture. He highlighted continued pressure on shrimp from low-cost imports, currency shifts, and inadequate domestic marketing and cold storage, as well as ongoing seafood labeling enforcement and testing. He also discussed feral swine damage, drought and wildfire concerns, fertilizer and diesel cost increases, crop acreage trends, and export efforts for rice and timber, including Louisiana wood pellets used in the United Kingdom. LSU Ag Center Dean Matt Lee followed with a presentation on the center’s research and extension work, emphasizing its statewide network, high research ranking, and the economic return from agricultural science, especially in sugarcane variety development. He said LSU Ag Center research has helped Louisiana maintain strong sugar production and supports producers across the state.
CA
California 2025-2026 Regular Session
Assembly Budget Committee Jan 20th, 2026
Transcript Highlights:
- at roughly $42.3 billion more in revenues compared to the Budget Act, and that's over the budget window
- This is a very aggressive strategy by investors, where they're borrowing from their brokerages to buy
- And so this is the window that we were provided for this hearing.
- But we do just need to navigate this very limited time window that we have.
- We definitely want to... this very limited time window that we have.
Summary:
The Assembly Budget Committee opened its hearing on the Governor’s 2026-27 budget with remarks emphasizing the start of a months-long process, the need for fiscal responsibility, and concerns about structural deficits, federal funding losses, housing and homelessness, and oversight. The vice chair echoed those concerns, warning against budgets built on short-term fixes and urging accountability. The Department of Finance presented a balanced budget year proposal of about $349 billion in total expenditures, including $248 billion General Fund, while acknowledging a structural imbalance in the out years and proposing a workload budget with limited new spending or cuts.
Finance said the budget relies on stronger-than-expected revenues, but also on constitutional obligations such as Proposition 98 and Proposition 2, and on suspending a rainy-day fund true-up deposit to cover a projected $2.9 billion budget-year deficit. The administration highlighted higher education funding, climate and wildfire resilience investments, a new ZEV incentive, added Health and Human Services costs tied to H.R. 1, child care funding, and three tax proposals: third-party delivery tax compliance, a sustainable aviation fuel tax credit, and an extension of the California Competes tax credit. The LAO, by contrast, warned that the budget is “precariously balanced,” cited downside risk from stock market-driven revenues, and urged the Legislature to use reserves, avoid suspending rainy-day deposits, and begin shrinking multi-year deficits sooner rather than later.
Member questions focused on wildfire mitigation and insurance, transit and GGRF funding, federal cuts affecting CalFresh and Medi-Cal, the proposed tax credits, homelessness accountability language, and education funding. Several members pressed for earlier partnership on deficit solutions and for more scrutiny of budget choices. The committee also discussed declining enrollment in K-12, community colleges, and CSU, with concerns about whether funding formulas are aligned with actual student demand. No formal votes or final actions were taken in the hearing.
AL
Alabama 2026 Regular Session
Alabama Senate Fiscal Responsibility and Economic Development Committee Apr 1st, 2026
Fiscal Responsibility and Economic Development
Transcript Highlights:
- It treats two different roles as if they're the same by requiring licensing built for brokerages without
- same by requiring licensing<00:09:01.320><c> built</c><00:09:01.520><c> for</c><00:09:01.640><c> brokerages
Bills:
HB586
HI
Hawaii 2025 Regular Session
CPC Public Hearing - Tue Apr 1, 2025 @ 2:00 PM HST
Consumer Protection & Commerce
Transcript Highlights:
- Would a regular principal broker who operates a brokerage firm that happens to resell or sell timeshare
- operates</c><00:29:36.480><c> a</c> principal broker who operates a principal broker who operates a brokerage
Committee:
House Consumer Protection & Commerce
Summary:
The House Committee on Consumer Protection and Commerce met on April 1 at the State Capitol and heard four measures. HCR 45/HR 38 urged the Public Utilities Commission to support transferring regulatory authority over motor carriers, water carriers, and other transportation means to the Department of Transportation; both the PUC and DOT testified in support, and members discussed that the resolution was largely symbolic because statutory changes would still be needed. HCR 58/HR 54 requested a geothermal energy working group; the Consumer Advocate, PUC, Department of Hawaiian Home Lands, and Life of the Land supported it, while Students for Justice in Palestine at UH opposed it, citing an active injunction, environmental risks, and the need to prioritize Native and local community voices. Members asked about the injunction and community representation, and the PUC said it would support including Hawaiian community members in the working group. HCR 91/HR 87 sought insurance coverage for prosthetic and orthotic devices; a 14-year-old amputee testified in support, describing the need for sports prosthetics and arguing that coverage should allow people with limb loss to participate fully in school and athletics. HCR 102/HR 98 urged the Real Estate Commission to allow the salesperson exam to be administered in Japanese for timeshare sales; the Real Estate Commission opposed, while ARDA supported it, arguing there is a shortage of bilingual real estate professionals and that Japanese-language testing would help the timeshare industry and Japanese visitors. Members questioned the limited-license concept and public protection concerns, and the committee later amended the measure to a limited real estate salesperson’s license for timeshare sales, changing the target from Japanese-speaking visitors to Japanese nationals, before passing all four measures out of committee, with HCR 102 passing with amendments and the others passing as is.
AL
Alabama 2025 Regular Session
Alabama Senate Finance and Taxation General Fund Committee Feb 5th, 2025
Finance and Taxation General Fund
Transcript Highlights:
- I think it's a bank, a brokerage company, or an investment management company that would have the accounts
Bills:
SB86
Committee:
Senate Finance and Taxation General Fund
MN
Transcript Highlights:
- It's accounting, banking, and brokerage. It's legal services.
- The tax applies to, quote, banking and brokerage services, including but not limited to five specific
- Johnson, it's just on page 16 when it's banking and brokerage services.
- Johnson, it's just on page 16 when it's banking and brokerage services.
- Johnson, it's just on page 16 when it's banking and brokerage services.
Committee:
House Taxes
CA
California 2025-2026 Regular Session
Assembly Select Committee on Wildfire Prevention Jun 12th, 2026
Transcript Highlights:
- standards and will probably, theoretically, with evacuation warnings and people closing up doors and windows
- standards and will probably and theoretically is with evacuation warnings and people closing up doors and windows
- They’re actually a brokerage, and they’re cutting their commissions in order to do that.
- what smoke taint is and isn’t happens during those beneficial fire events, to hopefully expand that window
TX
Texas 89th Regular
Trade, Workforce & Economic Development May 21st, 2025
Trade, Workforce & Economic Development
Transcript Highlights:
- My husband and I own a small, independent real estate brokerage specializing in farm and ranch sales
- our community just by speaking. out at a board meeting as well as distributed a bag with the small brokerage
Keywords:
SB 1361, Texas disaster recovery loan, small business loan, micro-business loan, community development financial institution, CDFI, economic disaster assistance, post-disaster financing, business recovery fund, Texas Economic Development Bank, zero-interest loan, working capital, payroll support, health benefits, job retention, declared disaster, small business relief, microenterprise, franchise exclusion, private equity-backed business
MO
Missouri 2026 Regular Session
Special Committee on Intergovernmental Affairs Mar 4th, 2026
Special Committee on Intergovernmental Affairs
Transcript Highlights:
- paid, The money that is collected through these fees, which is not a tax, it is a fee paid by the brokerage
- Currently, the way it happens now is brokerages and investment advisory firms for all of their registered
- Currently, the way it happens now is brokerages and investment advisory firms for all of their registered
TX
Transcript Highlights:
- I run a little independent brokerage with 10 independent contractor agents, and this alone would save
- And yet the people who have been there the longest are sort of watching from the window getting zero.
Committee:
House Ways & Means
Keywords:
HB 8, school finance, compressed tax rate, maximum compressed tax rate, MCR, PYMCR, property tax, school district taxes, Education Code, Tax Code, state aid, school funding formula, local school taxes, Texas school finance, tax rate compression, public education funding, ad valorem tax, tangible personal property, income-producing property, business personal property
MO
Missouri 2026 Regular Session
Local Government Mar 11th, 2026
Local Government, Elections and Pensions
Transcript Highlights:
- to get the surety bond, because a lot of counties are not helpful with that information, and the brokerage
- to get the assurity bond because a lot of counties are not helpful with that information and the brokerage
Summary:
The Local Government Committee first met in executive session and voted do pass on two House committee substitutes: House Bills 3283 and 3306 passed 11-1, and House Bills 1728, 2161, and 1830 passed 12-1. The committee then moved into public hearings.
Senate Substitute for Senate Bill 914, dealing with septic system regulation, was presented as a measure to replace percolation testing with soil morphology testing as the baseline standard and to address a permit fee issue. The sponsor and supporters argued the bill would improve accuracy, consumer protection, and local public health administration; one witness noted the continuing-education language already exists in regulation and pointed out a minor wording change in the substitute. No opposition testified.
House Bill 3467, sponsored by Representative Houseman, would allow county developmental disability boards to seek voter approval for a sales tax of up to one-half of 1% if property tax revenue is reduced or eliminated. The sponsor and multiple witnesses from county disability boards, sheltered workshops, and related associations said the bill was intended as a safeguard to preserve services, transportation, employment supports, and community-based care for people with developmental disabilities. Some members raised concerns about shifting from property tax to sales tax and the burden on low-income taxpayers, while others supported the measure as a revenue-diversification tool. No vote was taken.
House Bill 312, relating to county treasurer duties and bank signature authority, drew testimony from the sponsor, county treasurers, auditors, and association representatives. Supporters said the bill clarifies that the county treasurer should have sole authority over county funds and reflects current practice, while also noting a forthcoming amendment to address what happens when a treasurer is absent. Some witnesses asked for stronger safeguards, including a bonded backup designee and clearer succession procedures, and one witness urged updating surety-bond requirements. The hearing closed with no opposition testimony and no committee action taken.
KY
Kentucky 2025 Regular Session
Government Contract Review Committee - (5-13-25)
Transcript Highlights:
- When it comes to routine things like lawyers, for example, which we see a lot of, or in this case, brokerage
- of, or in example, which we see a lot of, or in this<00:19:56.559><c> case,</c><00:19:56.799><c> brokerage
- services,</c><00:19:58.000><c> I</c><00:19:58.080><c> I</c><00:19:58.480><c> don't</c> this case, brokerage
- services, I I don't this case, brokerage services, I I don't know<00:19:58.720><c> why</c><00:19:58.960
Summary:
The committee opened with a moment of silence for Representative McCool, who was absent due to a family death, then approved the April 14 minutes and noted the agenda contained 482 items totaling about $138.6 million. The first deferred item involved the Office of the Controller and a brokerage services contract. Senators questioned why the new contract was roughly $1 million a year when a prior vendor had been paid about $300,000 annually, why the procurement was rebid after years of no-bid arrangements, and why past performance was not heavily weighted. Agency witnesses said the prior vendor had held the work for more than 20 years, the new RFP drew more competition, technical evaluators did not see cost until after technical scoring, and AON received the highest technical score despite being an out-of-state vendor with its closest office in Nashville. After discussion, the committee voted to take no action, and the contract advanced to the Finance Cabinet for final decision.
The committee then considered a DCBS memorandum of agreement amendment. Members asked what funding was being redirected to cover an increase of about $265,000. DCBS explained that reduced spending on interpreter services, due to more commonly used forms being translated into other languages, freed up funds to support the contract. The committee approved the item.
Next, the committee reviewed an initial contract for the Kentucky Board of Hairdressers and Cosmetologists. The board explained that its small legal staff was handling 11 active cases and needed outside counsel with investigators and additional attorneys because of ongoing litigation and disciplinary changes tied to prior legislation and a recent LOIC report. Members asked whether the contract was a not-to-exceed amount and whether the board could afford it; the board said the $50,000 was a ceiling, not an expected spend, and that the board was fully funded through licensing fees and currently running a surplus. Senator Thomas urged support, citing recent reforms in Senate Bills 14 and 22 and the need to help the board work through corrective action. The committee approved the contract. The Board of Pharmacy item was then deferred at the agency’s request until the June 2025 meeting, and the committee approved that deferral.