Transcript Highlights:

• Of course, they have different duties, but covering the ground that they cover without...
• To assist the board in performing duties, prescribe the duties of the personnel, compensate the personnel
• I understand the additional duties, but I assume with the additional duties would come the additional
• staffing from TEA in order to ensure that the members of the board are able to accomplish those duties
• This bill enhances finances, fiduciary oversight, and governance of the state's large public education

Bills: SB205, SB582, SB625, SB1884, SB1903, SB2600, SB2617, SB2751, SB111, SB3061, SB1908

Keywords: fetal development, health curriculum, public schools, middle school health education, grade 7, grade 8, State Board of Education, school health advisory council, Texas Education Code, pregnancy, reproductive health, infertility, birth defects, prenatal development, unborn child, trimester, medically accurate instruction, age-appropriate instruction, drug and alcohol effects, lead exposure

Transcript Highlights:

• Senate Bill 926 imposes a fiduciary duty on insurers to offer these incentives in the best interest of
• And the core of that protection, the core of that fiduciary duty, is a prohibition against self-dealing
• Well, this does this as quite different by adding that fiduciary criteria.
• By adding the fiduciary for the patient, something really should be added on a lot of legislation.
• Well, this does this as quite different by adding that fiduciary criteria.

Bills: SB331, SB883, SB926, SB1137, SB1138, SB1144, SB1151, SB1236, SB1270, SB1522, SB1869, SB2207, SB2422

Keywords: healthcare, cost disclosure, transparency, administrative penalties, health facility compliance, COVID-19, off-label use, prescription drugs, patient access, medical standards, insurance, physician ranking, incentives, fiduciary duty, health plan issuers, SB 1137, group home, assisted living, residential care, board and care

Summary: The committee heard testimony on Senate Bill 883, which would protect physicians’ ability to prescribe off-label medications and treatments, framed by the author as a “Right to Treat” measure tied to COVID-19 care. Supporters, including physicians and patient-choice advocates, said the bill would safeguard the doctor-patient relationship and prevent interference by boards, pharmacies, or hospitals. Several witnesses described using hydroxychloroquine, ivermectin, budesonide, antibiotics, steroids, and monoclonal antibodies during the pandemic, and said they faced complaints, board scrutiny, or pharmacy refusals for those prescriptions. The bill was left pending after public testimony closed. The committee then took up Senate Bill 331, which would extend hospital price-transparency requirements to additional health care facilities such as freestanding ERs, urgent care and retail clinics, ambulatory surgical centers, outpatient clinics, and birthing centers. Proponents argued that broader disclosure of prices for shoppable services would help consumers compare costs and reduce surprise billing, while opponents from ambulatory surgery centers said the bill would impose costly compliance burdens on small providers and that insurers or the state already have much of the needed data. The bill was also left pending. Senate Bill 2422 would expunge Texas Medical Board records and impose reparations for disciplinary actions tied to COVID-era treatment decisions, including references to ivermectin, hydroxychloroquine, budesonide, and masks. The author and supporters argued that doctors were unfairly targeted for trying to save patients and should be made whole; the Texas Medical Board representative said most pandemic complaints were dismissed, that actions generally involved broader issues such as privileges, documentation, or informed consent, and that no physician was disciplined solely for prescribing off-label COVID medications. The bill was left pending. Finally, the committee heard Senate Bill 2207, which would loosen Texas Medical Board rules on physicians advertising themselves as board certified, especially by reducing barriers tied to maintenance of certification requirements. Supporters said the current rule is overly restrictive, inconsistent, and costly, and that it drives physicians out of practice; they also said Texas is one of only a few states with such a rule. Witnesses described hospitals using the rule against physicians and said the change would improve transparency and competition. The bill remained pending after testimony.

Transcript Highlights:

• Under Florida law, the SBA holds a fiduciary duty subject to the highest duty of loyalty and prudence
• As part of this fiduciary duty, when making any investment decision, we are bound to maximize financial
• Under Florida law, the SBA holds a fiduciary duty subject to the highest duty of loyal.
• Under Florida law, the SBA holds a fiduciary duty subject to the highest duty of loyalty and prudence
• As part of this fiduciary duty, when making any investment decision, we are bound to maximize financial

Summary: The Government Operations Subcommittee met with a quorum and began with member introductions and remarks from the chair emphasizing the committee’s focus on government efficiency, accountability, and oversight of executive branch agencies. Members shared their districts and backgrounds, with several noting hurricane recovery in their communities and a shared interest in reducing bureaucracy and improving service to Floridians. The committee’s only presentation was from Chris Spencer, Executive Director of the State Board of Administration, who gave an overview of the SBA’s governance structure, investment responsibilities, and divestment policies. He explained the SBA’s management of more than $257 billion in assets, including the Florida Retirement System, the Florida Hurricane Catastrophe Fund, and Florida PRIME, and reviewed the Protecting Florida’s Investments Act restrictions covering Northern Ireland, Cuba, Venezuela, Israel, Sudan, Iran, and China. He also described the implementation of HB 7071, including the required divestment from direct holdings in Chinese companies, and said the SBA had reduced its direct Chinese holdings from 33 companies totaling over $172 million to 13 companies totaling about $64 million, with completion expected ahead of the September 1, 2025 deadline. Members asked detailed questions about the Israel boycott list, Morningstar and MSCI, how the SBA gathers information, whether Cuba’s federal designation changes affect Florida law, how companies are removed from scrutinized lists, and whether divestment timing could affect returns. Spencer said the SBA uses public and paid research sources, gives companies a 90-day cure period in some cases, and brings list changes to the trustees for approval. He also explained that the China benchmark change is intended to reduce passive exposure while still allowing active investment decisions, and said the PFIA restrictions have had a modestly positive overall effect on pension performance. The chair also asked about the Florida Retirement System funded ratio and the CAT Fund’s capacity; Spencer said the pension fund is at 80.7% funded, that actuarial assumptions are reviewed regularly, and that the CAT Fund currently has more than $10.5 billion in liquid claims-paying capacity and is expected to remain well positioned for hurricane losses. No votes were taken, and the meeting adjourned after the presentation and questions.

Transcript Highlights:

• In essence, this would move language relative to fiduciary duties.
• It just takes the fiduciary duty out of it, which is a high standard, and it just brings good faith and
• Fiduciary duties are really not applicable to PBMs that do not hold money from their clients for the
• While I've removed the word fiduciary today, obviously it's a sticking point because fiduciary and the
• word fiduciary rewires how PBMs are able to make money and how they are legally exposed.

Summary: The House Committee on Health and Welfare met on April 23 and first disposed of several items without hearing them, including HB 1093 and HB 1145, and voluntarily deferring HB 946. The committee then quickly reported HB 1095 favorably without objection. That bill would require nursing facilities to have fuel or another alternative power generation source to maintain power, and supporters said it preserves existing backup-power safety requirements while giving facilities more flexibility as technology changes. The committee then took up HB 926, which concerns vaccination status and admission to public buildings and seeks to prohibit medical mandates. After adopting an amendment set and additional changes clarifying exclusions for licensed health care providers and facilities, medical masks, and child welfare/school-related provisions, the committee heard testimony both for and against the bill. Supporters framed it as a civil-liberties measure limiting vaccine-card requirements for public buildings, while opponents warned it could interfere with public health measures, school immunization rules, and the ability of health care facilities to protect patients. The bill was reported favorably on an 8-4 vote. HB 1220, a cleanup bill for the Louisiana State Board of Medical Examiners, was then reported favorably after a technical amendment set. HB 1227, which would require complaints involving medical judgment to be reviewed by a three-physician panel before formal disciplinary action, drew extensive testimony from a physician sponsor, a doctor describing his disciplinary experience, and the board’s executive director, who said the board already uses practicing physicians, nurses, and experts in its process and warned the proposed panel system could be impractical because physicians are difficult to recruit for such reviews. At the sponsor’s request, the committee voluntarily deferred HB 1227 for further work. Finally, the committee reported HB 1217 favorably with amendments to a pharmacy benefit manager transparency bill, after supporters said it would expose hidden pricing and rebate practices and opponents argued some provisions were duplicative or unnecessary. HB 1028, setting minimum Medicaid reimbursement rates for non-emergency medical transportation, was reported favorably and referred to Appropriations after supporters described the need for higher rates and members discussed funding. The committee also reported HB 1185 favorably, with amendments preserving the existing Rural Hospital Preservation Act while extending similar protections to additional rural-lookalike hospitals, and adopted HCR 76 to continue the Health Inequities and Disparities in Rural Areas Task Force for another year.

Transcript Highlights:

• </c><00:13:54.240><c> This</c> their true sense of civic duty. This their true sense of civic duty.
• </c> that veterans and fiduciaries that veterans and fiduciaries with<02:36:49.520><c> fidu</c><02:36
• If you use a fiduciary, benefits.
• </c> active duty. active duty. &gt;&gt; Thank<04:31:15.760><c> you.</c> &gt;&gt; Thank you.
• service members um moving to a duty duty service members um moving to a duty station,<04:38:00.639><

Keywords: U.S. House of Representatives Floor Proceedings on Thursday, May 21, 2026, 1012, house, all

Transcript Highlights:

• It reflects the traditional and common-sense understanding of fiduciary duty. touch very briefly on some
• Um, I would like to point out, uh, in my short time that I have allocated that, uh, fiduciary duties
• </c><00:38:12.079><c> duties</c><00:38:12.400><c> are</c> allocated that uh fiduciary duties are allocated
• that uh fiduciary duties are already<00:38:12.800><c> required</c><00:38:13.200><c> by</c><00:38:13.359
• As you heard, the trustees of the New Hampshire retirement system have a fiduciary duty to achieve its

Keywords: 1189, house, all

Transcript Highlights:

• It's because they're full-time employees with a fiduciary duty to the district they work for.
• duty to that district during the daytime.
• be a District A during the daytime and they're over at District B, then that's clearly breach of fiduciary
• duty and that person, that type of behavior should in fact Uh, be discouraged, and we should have laws
• sorry, the way they do it in most law enforcement agencies is you have to get approval to work off duty

Transcript Highlights:

• In essence, this would move language relative to fiduciary duties.
• It just takes the fiduciary duty out of it, which is a high standard, and it just brings good faith and
• Fiduciary duties are really not applicable to PBMs that do not hold money from their clients for the
• While I've removed the word fiduciary today, obviously it's a sticking point because fiduciary and the
• word fiduciary rewires how PBMs are able to make money and how they are illegally exposed.

Bills: HB689, HB742, HB926, HB946, HB948, HB1028, HB1095, HB1114, HB1121, HB1155, HB1185, HB1217, HB1220, HB1227, HCR76

Keywords: public assistance, child welfare, benefit adjustment, DCFS, LDH, fraud detection, household reporting, Medicaid, immunization, healthcare eligibility, Family Independence Temporary Assistance Program, health policy, vaccination requirements, vaccination status, vaccine mandate, medical freedom, medical autonomy, public buildings, public access, government services

Transcript Highlights:

• Madam Chair, Representative Martinez, our duties are outlined in the enabling act and statute, case law
• The Arizona State Land Department is not just a land manager but it's a constitutional fiduciary for
• school trust beneficiaries, and so that duty heavily shapes how and when land can be sold.
• You know, any fiduciary, if you're doing a financial fiduciary and dealing with one, they give you contracts
• It's a fiduciary duty to maximize profit to education and the other beneficiaries of the trust.

Bills: HB2150, HB2262, HB2267, HB2268, HB2351, HB2425, HB2426, HB2427, HB2755, HB2781, HB2913, HB2943, HB2956, HB2975, HB2985, HB4009

Keywords: state land department, mineral lease, renewals, indexed royalties, land use planning, auditor general, five-year plans, geospatial data, Arizona Geological Survey, resource analysis, geographic information systems, wildlife protection, public nuisance, renewable energy, wind farm, solar farm, residential property, public health, local regulations, state land

Transcript Highlights:

• All of this while that advisory firm knows that with each of their clients they owe fiduciary duties
• The shareholders, the proxy advisory firms owe fiduciary duties to the shareholders of the companies.
• Holders that they're focused on economic factors, fulfilling their fiduciary duties to their clients.
• If that vote is focused on any non-economic factors that are outside of their fiduciary duties to you
• If they do, the bill requires health insurance plans to do so. with fiduciary duties.

Bills: SB15, SB35, SB290, SB1365, SB2568, SB18, SB427, SB1860, SB1864, SB2675, SB596, SB2858, SB3058, SB816, SB1163, SB1484, SB1898, SB1777, SB1802, SB2692, SB315, SB1585, SB1626, SB2058, SB2050, SB2105, SB2245, SB2764, SB2611, SB2497, SB2452, SB2243, SB1705, SB1244, SB1361, SB438, SB578, SB584, SB2690, SB2521, SB2487, SB2342, SB2063, SB125, SB2041, SB1962, SB1413, SB6, SB2878, SB13, SB30, SJR87, SB7, SB127, SB293, SB441, SB3059, SB57, SB512, SB1718, SB140, SB2055, SB2075, SB2018, SB1534, SB1567, SB785, SB1233, SB1580, SB1663, SB413, SB447, SB519, SB467, SB1579, SB1191, SB1021, SB1838, SB2807, SB2835, SB546, SB2121, SB2167, SB2024, SB1032, SB1049, SB1266, SB1400, SB1302, SB401, SB1596, SB1281, SB1242, SB1343, SB1346, SB2753, SB2221, SB1719, SB2177, SB552, SB646, SJR1, SB15, SB800, SB790, SB748, SB571, SB1957, SB1923, SB1896, SB1760, SB1335, SB2368, SB2477, SB2587, SB2972, SB2986, SB2965, SB1563, SB1467, SB1164, SB1137, SB614, SB705, SB961, SB918, SB955, SB869, SB850, SB863, SB1610, SB1055, SB2206, SB457, SB2337, SB1362, SB926, SB1494, SB251, SB456, SB500, SB1307, SB2615, SB2995, SB2321, SB973, SB974, SB865, SB506, SB781, SB1522, SB1558, SB510, SB667, SB763, SB2073, SB1858, SB1660, SB505, SB2900, SB1433, SB1540, SB1964, SB1300, SB1644, SB2217, SB2373, SB2431, SB1758, SB2480, SB3039, SB3047, SB3073, SB2920, SB2781, SB826, SB766, SB2460, SB527, SB1946, SB2885, SB1243, SB2610, SB2595, SB857, SB2501, SB66, SB268, SB331, SB618, SB414, SB1394, SB2425, SB898, SB993, SB442, SB735, SB784, SB2538, SB1919, SB1013, SB2215, SB2322, SB626, SB570, SB747, SB2183, SB673, SB1015, SB1447, SB1370, SB1784, SB1897, SB2873, SB2891, SB2933, SB2540, SB2681, SB2695, SB1965, SB2203, SB872, SB875, SB1030, SB1277, SB1730, SB1681, SB1152, SB2969, SB2747, SB2705, SB2541, SB1708, SB2080, SB2721, SB1986, SB2392, SB2539, SB2857, SB2799, SB2785, SB2782, SB1531, SB1927, SB1263, SB1098, SB35, SB290, SB1365, SB2568, SB18, SB427, SB1860, SB1864, SB2675, SB596, SB2858, SB3058, SB816, SB1163, SB1484, SB1898, SB1777, SB1802, SB2692, SB315, SB1585, SB1626, SB2058, SB2050, SB2105, SB2245, SB2764, SB2611, SB2497, SB2452, SB2243, SB1705, SB1244, SB1361, SB438, SB578, SB584, SB2690, SB2521, SB2487, SB2342, SB2063, SB125, SB2041, SB1962, SB1413, SCR9, SB21, SB1198, SB1405, SB2601, SB2778, HB5560, HB762, HB1584, HB 107, HB 114, HB138, HB4386, HB2495, HB581, HB3348, HB5323, HB4341, HB6, HB171, HB143, HB449, HB3486, HB4263, HB5246, HB2, HB2011, SB17

Keywords: SB 15, Texas Local Government Code, zoning preemption, housing affordability, small lots, lot size, lot density, single-family zoning, residential subdivision, municipal land use, local control, state preemption, parking requirements, setbacks, infill development, missing middle housing, lot width, lot depth, homebuilders, housing supply

Transcript Highlights:

• Help them to faithfully fulfill their duties to Texans.
• With the love and support of his wife, Debra, four children, and 11 grandchildren, he has balanced duty
• This bill is referred to the Subcommittee on Family and Fiduciary Relationships for the Committee on
• For the Subcommittee on Family and Fiduciary Relationships, there is a bill regarding emergency infant
• Duties for the Committee on State Affairs.

Keywords: 1184, house, all

Transcript Highlights:

• She supports this bill and, as far as fiduciary duties with the board, said that where it says the reserve
• She said they have a fiduciary duty that needs to be upheld, so she supports this bill and supports an
• duties this bill and as far as fiduciary duties with<00:19:33.559><c> the</c><00:19:33.880><c> board
• ‘Fiduciary duty are two words that don’t seem well understood or complied with at many condominium associations
• c><00:20:25.080><c> be</c> fiduciary duty that needs to be fiduciary duty that needs to be upheld<00:

Keywords: 910, house, all

Summary: The committee heard testimony on several measures, beginning with HB 117 on condominiums. Testifiers were split: reserve-study professionals and the Community Associations Institute opposed tying reserve requirements to assessed value, arguing reserve studies should be based on actual components and costs and that the bill could lead to over- or under-collection. Condominium owners and advocates supported the bill, saying some associations are not completing reserve studies or are failing to provide audits and adequate funding, and urging stronger fiduciary accountability. A member later asked about compliance rates, and a witness said he was not aware of any association that had failed to do a reserve study, estimating compliance at well over 95 percent, likely close to 100 percent. The committee then took testimony on HB 544 on pet insurance, which drew support from the Attorney General’s office and the Insurance Division with comments about contract-impairment issues, as well as support from the North American Pet Health Insurance Association and the Hawaiian Humane Society. Testifiers said the bill would help consumers understand and use pet insurance as veterinary costs rise. HB 983 on certified public accountants also drew mostly support, with the Hawaii Society of CPAs and the Hawaii Association of Public Accountants offering conditional support and proposed amendments. Public accountants said the bill could help address a shortage of CPAs and expand pathways into the profession, while some speakers cautioned that the language needed clarification and that public accounting experience should be tied to CPA-firm work. An instructor from UH West Oahu said students cannot afford the extra credits currently required and would benefit from a more accessible pathway. The committee also heard HB 1050 on Title 24, with DCCA supporting the measure and no opposition or questions. The discussion then moved to HB 256 HD1 on environmental protection and incinerator emissions. The Department of Health offered comments, while Energy Justice Network and Climate Protectors Hawaii supported strengthening the bill, warning that it could weaken existing standards at H-Power unless amended to preserve stricter state rules and require modern pollution controls. A member questioned the Department of Health about H-Power’s permits and whether additional controls would be required if federal rules change; the department said permits are reviewed every five years and that the facility currently meets state and federal requirements, while EPA rules remain in a public comment process. Finally, the committee heard HB 1051 HD1 on energy efficiency portfolio standards, with support from the Consumer Advocate, State Energy Office, Climate Change Mitigation and Adaptation Commission, Public Utilities Commission, and Hawaii Energy. The committee then heard HB 350 HD1 on energy, where the State Energy Office supported the bill, Solar Ray Corporation offered conditional comments urging any new mandated water-heating technology to meet the same efficiency level as existing solar thermal systems, and the Kauai Climate Action Coalition testified in support. No votes or final committee actions were taken during the portion of the meeting provided.

Transcript Highlights:

• It does not override fiduciary authority. It does three things, basically.
• On fiduciary duty, the Constitution grants pension boards plenary investment authority, and this bill
• on fiduciary duty, they'd be able to point to the rigors that they went through, including looking at
• Most importantly, it interferes with our boards' constitutional fiduciary duty by introducing factors
• duty, or violate a state law.

Summary: The committee heard SB 921, which would create a tax credit to help agricultural employers offset overtime premium costs for farmworkers. Senator Grove and supporters, including farmworkers, the California Farm Bureau, and agricultural groups, argued the bill would restore lost hours and take-home pay after California’s agricultural overtime law reduced schedules. Opponents, including the California Federation of Labor Unions and CRLA Foundation, argued the proposal would subsidize employers with taxpayer dollars and undermine the principle that employers should pay overtime themselves. The bill was held in subcommittee until more members arrived. The committee then took up SB 1083, a cleanup bill to the prior year’s school employee misconduct database law. The author and supporters said it would add due process protections for classified school employees, require an administrative law judge review before placement in the database, and improve notice and vetting rules for contractors and non-permanent staff. School employer groups and other opponents warned the bill could slow investigations and weaken child-safety protections. The committee approved the bill 3-0 and sent it to Senate Appropriations. Members also considered SB 1089, which would require CalPERS health plans to cover GLP-1 medications and expand access through CalRX for chronic weight management and related health conditions. The author and supporters, including the American Diabetes Association and medical groups, said the drugs can prevent diabetes and improve health outcomes but remain unaffordable for many. Pharma representatives expressed concerns about the bill as drafted but said they were open to continued discussions. The bill passed 4-0 to Appropriations. The committee also approved the consent calendar 4-0. Later, the committee heard SB 954, which would narrow and add guardrails to last year’s CEQA exemption for advanced manufacturing, including environmental review near disadvantaged communities and labor standards such as prevailing wage and skilled-and-trained workforce requirements. Labor, environmental, and community groups supported the bill as a cleanup of an overly broad exemption, while business and manufacturing groups opposed it, warning it would discourage investment and worsen California’s competitiveness. The bill passed 3-1 to Appropriations. Finally, SB 1299, a fire sprinkler fitter certification bill, was heard and passed 3-0 to Appropriations with support from the sprinkler fitters and building trades and no recorded opposition.

Transcript Highlights:

• It is the responsibility, fiduciary duty, of our pension funds and those who govern them to maximize
• duties to maximize the returns for the shareholders.
• It is the responsibility, fiduciary duty, of our pension funds and those who govern them to maximize
• duties to maximize the returns for the shareholders.
• analyses, and they have been skewed maybe towards... ...non-fiduciary, non-fiscal analyses, and they

Bills: HB2894, HB3418, HB3415, HB3413, HB3414, HB3416, HB3417, HB3419, HB3420, HB1739, HB1752, HB1979, HB2941, HB2992, HB3075, HB3086, HB3177, HB3269, HB3278, HB3279, HB3497, HB3644, HB4432, HB3720, HB3849, HB3882, HB3919, HB3941, HB4118, HB4141, HB4268, HB4342, HB4428, HB4429, HB4434

Keywords: HB2894, Oklahoma Rural Jobs Act, rural jobs, rural investment, tax credit, capital investment tax credit, state tax credits, economic development, rural fund, rural investor, qualified investment, eligible business, Department of Commerce, rural business, investment certification, tax liability, credit cap, workforce development, small business finance, rural development

Summary: The Senate began with ceremonial recognitions for several student groups and community visitors, including Carl Albert High School’s boys and girls swim teams, the Lady Titans basketball team, and the Choctaw High School speech and debate team. Senators and coaches highlighted the teams’ state championships, academic achievements, and perseverance, and the chamber also welcomed visiting groups from Aline, Owasso, and Tulsa County. After the presentations, the Senate returned to general order and took up a series of House bills. Among the measures considered, House Bill 3720 expanded the Local Food Freedom Act by raising the gross annual sales threshold for local food establishments from under $75,000 to $250,000; it passed 39-4. House Bill 3849 updated the Oklahoma mentoring children of incarcerated parents program and passed 42-1. House Bill 3882 created a revolving fund for industrial and lake access improvement projects and passed 33-9, then also passed the emergency clause 39-4. House Bill 3919 reduced county free fair association boards from nine members to five to address quorum problems and passed 45-0. House Bill 3941 codified a pay raise for a court secretary and passed 45-0, including its emergency clause. House Bill 4118 updated the family caregiver tax credit and passed 44-1. House Bill 4141 removed the sunset on the statewide sexual assault nurse examiner coordinator position and passed 45-0. The chamber also debated several policy bills more extensively. House Bill 4268 created a growth-based teacher compensation program using Oklahoma Teacher Empowerment Funds and restored a $5,000 stipend for national board-certified teachers; it passed 45-0 and its emergency clause also passed 45-0. House Bill 4342 allowed prior instances of domestic violence or abuse to be admitted as propensity evidence in court, with supporters saying it would help interrupt the cycle of abuse and opponents raising due process concerns; it passed after debate. House Bill 4428 required public pension plans to base proxy voting decisions solely on financial considerations, and House Bill 4429 required proxy advisors to disclose when recommendations were not based on financial analysis; both passed after debate, 35-8 and 37-7 respectively. Two Rule 7-9 motions to pull House Bills 4422 and 4423 from committee and place them on general order failed by recorded vote. The Senate then announced Denim Day for domestic violence and sexual assault awareness, noted a few final reminders, and adjourned until April 29, 2026, at 9:00 a.m.

Transcript Highlights:

• duty with these monies at this point.
• So just to clarify, there is a provision saying that the state doesn't have a fiduciary duty if the individual
• duty with this, with these monies at this point.
• If the state is stating that they're removing themselves from fiduciary oversight duty and working with
• The state says, well, we don't owe you a fiduciary responsibility.

Summary: The committee heard public testimony on Substitute Senate Bill 5828, which would restore and adjust Washington College Grant and College Bound Scholarship award levels for students attending private, not-for-profit four-year institutions. Staff explained the bill would set the awards at 90 percent of the regional and state college rate rather than 50 percent of the research rate, with an estimated fiscal impact of $3.3 million in fiscal year 2027 and $18.6 million over four years. Testimony was largely in support from private college presidents, students, and school counselors, who said the bill would help low-income and first-generation students and preserve access and enrollment choices; some public college student representatives said they did not oppose the bill but argued that cuts to public-school aid should be restored first. The committee also heard Substitute Senate Bill 5911, which would prohibit DCYF from using benefits or funds of youth in extended foster care as reimbursement for their cost of care beginning in 2027, while requiring support for benefit management and payee arrangements and allowing protected accounts such as ABLE accounts. Staff estimated a net fiscal impact of $608,000 in fiscal year 2027 and $2.2 million per biennium thereafter. Testimony in support said the bill would end the practice of withholding SSI and other benefits from youth in care and better support disabled youth transitioning to adulthood. Members asked questions about fiduciary responsibility and representative payee arrangements. In executive session, the committee adopted amendments and advanced several bills. It adopted Amendment Clark 350 to House Bill 2689, raising the required provider response rate for the child care market rate survey to 65 percent, and then reported the bill out with a due pass recommendation by a vote of 18-11, with two excused. It adopted Amendment H-3743.1 to Engrossed Second Substitute Senate Bill 5395 on retrospective prior authorization denials and reported that bill out unanimously. It also adopted Amendment Pool 272 to Senate Bill 5420 and reported that bill out unanimously. For Engrossed Second Substitute Senate Bill 5496, the committee adopted several amendments clarifying scope and penalties but rejected amendments that would have delayed the bill or replaced it with a study; the bill was then reported out with a due pass recommendation. The committee also heard amendment briefings on other bills, including 5981, 6026, 6160, 6184, and 6211, but deferred action on some items heard that morning.

Transcript Highlights:

• It does not override fiduciary authority. It does three things, basically.
• On fiduciary duty, the Constitution grants pension boards plenary investment authority, and this bill
• It most importantly interferes with our boards' constitutional fiduciary duty by introducing factors
• Most importantly, it interferes with our boards' constitutional fiduciary duty by introducing factors
• duty, or violate a state law.

Keywords: 987, senate, all

Transcript Highlights:

• So we put in about fiduciary duty.
• fiduciary duty.
• fiduciary duty.
• fiduciary duty.
• duty just real quick, I think there's been litigation around fiduciary duty.

Keywords: 1189, house, all

Transcript Highlights:

• It's not in a fiduciary relationship with them, and that they may be able to get a better and different
• It's not in fiduciary relationship with them, and that they may be able to get a better and different
• It's not acting in a fiduciary relationship to them.
• And that's where the lack of fiduciary responsibility comes in. So.
• And that's where the lack of fiduciary responsibility comes in.

Summary: The Commerce Committee met with a quorum, then moved into executive session and took up three House bills. House Bill 3027 was approved do pass on an 8-0 vote. House Bill 3490, dealing with local historic preservation and colleges/universities, was amended with a House committee substitute that broadened the bill from Kansas City-specific language to apply to public and private colleges and universities and allow them to opt in or out of local historic commission regulations; the substitute was adopted and the bill was reported do pass by a 6-2 vote. House Bill 3316, which included Department of Revenue cleanup changes on vehicle registration, temporary plates, boats/trailers, and lien notice language, was amended and then approved unanimously 8-0. The committee then held a public hearing on Senate Bill 973, a consumer-protection bill by Sen. Curtis Trent addressing real estate wholesaling and sale-leaseback transactions. Trent said the bill requires written disclosures so sellers understand wholesalers are not acting as fiduciaries and may not be maximizing the seller’s price, and that the sale-leaseback provisions serve the same purpose. Committee members asked about how wholesaling works, whether wholesalers are licensed, and whether the bill should include rescission or other protections if disclosures are faulty. Testimony was mixed but generally supportive of the disclosure concept. A Missouri Realtors representative supported the bill’s intent but objected to the 14-day waiting period before a transaction can proceed, arguing it could harm distressed sellers facing foreclosure or tax sale deadlines and suggesting the waiting period be waivable if a licensed Missouri real estate agent is involved. Other members and the sponsor emphasized that the waiting period is meant to give sellers time to seek advice and discover defects, and that the bill is intended to curb predatory practices without creating new licensing barriers. The hearing concluded without a vote, and the committee adjourned after hearing the bill.

Transcript Highlights:

• HB 45 by Hall relating to the duty of the Attorney General to prosecute human trafficking, criminal offenses
• application for the offense of the deadly conduct for certain police officers discharging official duties
• Fiduciary relationships.
• Refer the Subcommittee on Family Fiduciary Relationships. HB 2525 by DARB relating.
• an obliger during the obliger's confinement in jail or prison for the Subcommittee on Family and Fiduciary

Transcript Highlights:

• medical judgment or for the Committee on Public Health, HB45 by Hull, relating to... relating to the duty
• the application for the offense of the deadly contact for certain peace officers Charging Official Duties
• child or relationship. and a child's enrollment in school or for the subcommittee on family and fiduciary
• protective order within the commission of the family violence or for the subcommittee on family and fiduciary
• of an obligure during the obliger's confinement in jail or prison for the subcommittee on family fiduciary

Keywords: 1184, house, all